Top Five Weekend Stock Stories - Jan 26, 2020

Catch up on the weekend's top five stories with this list compiled by The Fly:

1. U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet's (GOOG, GOOGL) Google, Reuters' Nandita Bose wrote, citing two sources familiar with the matter.

The probes revolve around monopolistic behavior that may harm consumers through Google's control of online advertising markets and search traffic, the report noted.

2. Drugmaker AbbVie (ABBV) said that China is testing an HIV drug as a treatment for symptoms of the new coronavirus that is rapidly spreading, according to Reuters. China health authorities requested the drug to help with the government's efforts to address the crisis, according to Adelle Infante, a spokeswoman for AbbVie.

Meanwhile, Starbucks (SBUX) has closed all shops and suspended delivery services in China's Hubei province for the week-long Lunar New Year holiday amid the new coronavirus outbreak, according to Reuters. Starbucks said that the move is out of "health concerns" for its customers and employees, the report noted.

3. Big tech companies, including Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOG, GOOGL), are competing for a bigger slice of the esports live-streaming business, which could present an opportunity for investors, Connor Smith wrote in this week's edition of Barron's. Esports events-where the best players compete in games like League of Legends, Activision Blizzard's (ATVI) Overwatch, and Valve's Dota 2 and Counter-Strike: Global Offensive-are attracting young people, much the way traditional sports had for generations, the author noted.

4. Sony's (SNE) "Bad Boys for Life" won this weekend's domestic box office in its second outing, earning $34M to finish Sunday with a total of $120.6M. Worldwide, the movie crossed the $200M mark after grossing another $42M overseas from 58 markets for a foreign cume of $95M and $215.6M globally. "Bad Boys for Life" sports an A CinemaScore and a 76% Rotten Tomatoes rating.

5. HP Inc. (HPQ) saw a positive mention in this week's edition of Barron's, while Omnicom Group (OMC) and Interpublic Group (IPG) in the U.S.
Publicis Groupe (PUBGY) in Paris, and WPP (WPP) were mentioned cautiously.

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

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