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<ul class="summary-list"><li>Express dropped 25% on Thursday after the retailer said it plans to sell up to 15 million shares. </li><li>The clothing retailer told investors in an SEC filing that they could lose their money in its volatile stock. </li><li>Fellow meme stock AMC on Thursday sold 11.5 million shares. </li></ul><a href="https://markets.businessinsider.com/stocks/expr-stock">Express</a> sank Thursday on plans by the company to sell up to 15 million shares. The clothing retailer that's part of the group of volatile and so-called <keyword id="10688429" type="UNKNOWN" weightage="60" keywordseo="meme-stocks">meme stocks</keyword> favored by retail traders cautioned investors about potential losses. Express shares swung lower by as much as 25%, hitting an intraday low of $4.86 after the company said it could sell up to 15 million shares under an agreement with BofA Securities, according to a filing with the Securities and Exchange Commission. That amount would represent about 23% of Express's 64.97 million common shares outstanding. The "at-the-money" agreement would see sales take place from time to time at or near market prices. Express shares during Thursday's session pared their losses to 20%. "Significant fluctuations in the market price of our Common Stock have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums," said Express. It added: "The extreme volatility of the market prices and trading volume that our shares of Common Stock have recently experienced, and may continue to experience could cause purchasers of our Common Stock to incur substantial losses." Retail investors active on Reddit's WallStreetBets forum and other sites have defended shares of Express along with those in <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment,</a> <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a> and other companies against short-sellers. Express's warning to investors echoed that of AMC's on Thursday as the movie-theater chain outlined <a href="https://markets.businessinsider.com/news/stocks/amc-stock-price-slides-reddit-plans-share-sale-reddit-wallstreetbets-2021-6-1030491755">plans to sell up to 11.6 million shares</a>. AMC dropped sharply Thursday but a recent rally has contributed to the stock running up by more than 2,200% this year."Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment," <a href="https://markets.businessinsider.com/news/stocks/amc-warns-investors-lose-all-their-money-if-buy-stock-2021-6-1030492006">AMC said</a> in an SEC filing Thursday. Express shares, meanwhile, have rocketed up roughly 450% during 2021. The stock had been higher earlier Thursday after the retailer turned in a first-quarter adjusted loss of $0.55 per share, narrower than the adjusted loss of $0.58 expected in a FactSet poll of analysts.

Express sinks 25% as the retailer follows fellow Reddit favorite AMC in announcing new share sale

<ul class="summary-list"><li><keyword id="6413405" type="UNKNOWN" weightage="60" keywordseo="express">Express</keyword> shares jumped 26% after <keyword id="6362766" type="UNKNOWN" weightage="60" keywordseo="apparel">apparel</keyword> retailer posted a fourth-quarter loss of $0.66 a share, less than anticipated. </li><li>The clothing <keyword id="6354851" type="UNKNOWN" weightage="60" keywordseo="retail">retail</keyword>er and fan favorite among Reddit retail investors is aiming for $1 billion in <keyword id="836280" type="PERSON" weightage="60" keywordseo="online-sales">online sales</keyword>. </li><li>Trading volume of more than 100 million shares outstripped average daily volume. </li></ul><a href="https://markets.businessinsider.com/stocks/expr-stock">Express shares</a> staged a double-digit run higher Wednesday after the apparel retailer - and popular stock among retail investors on the Reddit social media platform - included a target of $1 billion in online sales in its quarterly results.Express on Wednesday said it swung to a fourth-quarter adjusted loss of $0.66 per share. The result was smaller than the loss of $0.82 per share expected by Wall Street analysts. A year earlier, it earned $0.21 on an adjusted basis.The company's stock leapt 26% to close at $4.25 in heavy volume of more than 108 million shares. That compares with an average daily volume of nearly 25 million shares. Express, alongside GameStop and AMC Entertainment, has been embraced by Reddit's Wall Street Bets forum where many investors have sought to defend stocks targeted by short-sellers.Net sales of $430.3 million were lower than $606.7 million a year earlier but better than the consensus estimate of $424.7 million. The company did say had still been seeing pressure from the COVID-19 pandemic.Express on Wednesday also said it plans to generate $1 billion in sales for its ecommerce channel in 2024."We are well positioned to accelerate in 2021. I expect sales to continue improving sequentially each quarter, and that we will return to positive EBITDA in the back half of the year," said Tim Baxter, chief executive of Express, in a statement.

Express jumps 26% as smaller-than-expected loss meets meme-stock momentum

<ul class="summary-list"><li>On Tuesday, 27 CEOs, including the CEOs of American Express, IBM, and <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword>, announced the creation of the New York Jobs Council. <keyword id="44660" type="CITY" weightage="60" keywordseo="JPMorgan">JPMorgan</keyword> CEO Jamie Dimon, IBM CEO Arvind Krishna, and Accenture CEO Julie Sweet will co-chair.</li><li>The goal of the group is to hire 100,000 workers Black, Latino, and Asian, along with low-income workers by 2030.</li><li>25,000 of those jobs will be given to students of The City University of New York, using student support networks to guide job applicants to in-demand professions. </li></ul>On Tuesday, 27 CEOs announced the creation of the <a href="https://www.prnewswire.com/news-releases/27-ceos-launch-the-new-york-jobs-ceo-council-301109612.html">New York Jobs Council</a>. The aim is to hire 100,000 workers from Black, Latino, Asian, and low-income communities within the city. The goal is to have these roles filled by 2030.The companies include American Express, IBM, and Amazon. Jamie Dimon, chief executive of JPMorgan, IBM CEO Arvind Krishna, and Accenture CEO, Julie Sweet will be co-chairs of the council. This comes after a summer of calls froth both employees and consumers to make workplaces more diverse and inclusive spaces after the death of George Floyd sparked demonstrations in <a href="https://www.businessinsider.com/us-states-response-george-floyd-protests-curfews-national-guard-2020-6">all 50 states.</a>"The economic crisis brought on by COVID-19 has had a disproportionate impact on low-income communities of color, and our recovery starts with investing in them," said New York City Mayor Bill de Blasio in a statement. "I'm thankful the New York Jobs CEO Council is joining us to promote economic justice and provide opportunities for our City's diverse workforce. Together, we will build back our economy fairer and stronger than ever before."Even before the pandemic, which has disproportionately affected Black, Latino, and Asian communities, unemployment in the <a href="https://www.census.gov/quickfacts/bronxcountybronxboroughnewyork">Bronx</a> was 85% higher than in <a href="https://www.census.gov/quickfacts/fact/table/newyorkcountymanhattanboroughnewyork/EDU635218">Manhattan</a>. The Bronx is 43% Black, while Manhattan is 17% Black.The council will team up with The City University of New York (CUNY), to "support student learning and the development of in-demand career pathways." This partnership will provide 25,000 jobs of the 100,000 pledged.

IBM, Amazon, JPMorgan, and other corporations pledge to hire more candidates from marginalized communities in NYC

<ul><li>Scientists have discovered a new ‘<keyword id="1665344" type="PERSON" weightage="20" keywordseo="hot-Jupiter">Hot Jupiter</keyword>’ located 4.31 quadrillion kilometres from Earth dubbed MASCARA-2 b.</li><li>Finding a way to study this hot, gassy giant could yield next-generation techniques for finding habitable planets in the universe.</li><li>The detection of vaporized metals on MASCARA-2 b is one of the first discoveries made by Yale’s <keyword id="9105903" type="UNKNOWN" weightage="20" keywordseo="Extreme-PREcision-Spectrometer">Extreme PREcision Spectrometer</keyword> (EXPRES).</li></ul>A planet that’s gassy like Jupiter with melted metals in its atmosphere, and placed right next to the Sun, doesn’t sound like paradise. However, scientists are excited to be studying MASCARA-2 b because those characteristics make for the perfect laboratory. If astronomers can find a way to study this ‘Hot Jupiter’ located 4.31 quadrillion kilometres from Earth, they can find a planet anywhere in the universe — especially one that holds hope for life. "Hot Jupiters provide the best laboratories for developing analysis techniques that will one day be used to search for biosignatures on potentially habitable worlds," said <a href="http://exoplanets.astro.yale.edu/instrumentation/expres.php"></a><a href="https://news.yale.edu/2020/04/22/yales-expres-looks-skies-scorching-distant-planet" data-type="tilCustomLink">Debra Fischer</a>, an astronomer at Yale and co-author of a new study accepted <a href="https://arxiv.org/abs/2004.08415">Astronomy and Astrophysics</a>. What 'not-on-Earth' is a Hot Jupiter? The concept of Hot Jupiters was alien until the first of its kind was discovered 25 years ago. These planets are primarily made up of gas like the Jupiter in our own solar system, but surface temperatures are much higher. On MASCARA-2 b, for instance, the surface temperature can exceed 1,726 degrees Celcius. That’s nearly more than 20 times the temperature of boiling water, which explains why the atmosphere is mostly made up of melted metals. "The detection of vaporized metals in the atmosphere of MASCARA-2 b is one of the first exciting science results to emerge from EXPRES," said Fischer. This is mostly because instead of being the fifth planet from the Sun, MASCARA-2 b is a 100 times closer to its star. How do you find a Hot Jupiter? MASCARA 2-b was discovered using the Extreme PREcision Spectrometer (EXPRES), which was built at Yale and installed on the 4.3-meter Lowell Discovery Telescope in the US state of Arizona. Even though the primary mission of EXPRES is to find Earth-like planets based on the slight gravitational influence they have on their stars, it can also be useful when trying to decipher the atmospheric details of far-away planets. Using this instrument, the lead author of the study — Jens Hoeijmakers — was able to find out that the chemical make up of a ‘morning’ on MASACARA-2 b is different from the ‘evening’. "These chemical detections may not only teach us about the elemental composition of the atmosphere but also about the efficiency of atmospheric circulation patterns," said Hoeijmakers. See also: <a href="https://www.businessinsider.in/science/space/news/elon-musks-spacex-and-nasa-plans-to-launch-two-american-astronauts-into-space-on-may-27/articleshow/75250244.cms">Coronavirus isn’t going to stop NASA from putting its astronauts into space — and Elon Musk is going to help</a> <a href="https://www.businessinsider.in/science/space/news/coronavirus-lockdown-explore-mars-jupiter-or-leave-the-solar-system-with-nasa/articleshow/75006371.cms">Coronavirus lockdown can make you want to leave the planet — here's how you can explore Mars, Jupiter or even leave the solar system</a> <a href="https://www.businessinsider.in/science/space/news/the-mars-helicopter-is-cool-a-fleet-of-small-levitating-nanocardboard-aircraft-would-be-cooler/articleshow/75325080.cms">The Mars helicopter is cool — a fleet of small, levitating nanocardboard aircraft would be cooler</a>

A planet made of melted metal could be the key for finding the next Earth

<ul class="summary-list"><li>Earlier this week, the <keyword id="67869" type="ORGANIZATION" weightage="60" keywordseo="Department-of-Justice">Department of Justice</keyword> <a href="https://www.businessinsider.com/former-ebay-employees-justice-department-investigation-cyberstalking-newsletter-pig-mask-2020-6">charged six former eBay employees</a> in connection with a 2019 <keyword id="4688715" type="PERSON" weightage="60" keywordseo="Cyberstalking">cyberstalking</keyword> campaign against company critics, who were allegedly sent anonymous packages including a bloody pig Halloween mask and a book "on surviving the loss of a spouse."</li><li>Sources <a href="https://www.bloomberg.com/news/articles/2020-06-17/ebay-former-pr-chief-is-said-to-be-executive-2-in-indictment?srnd=technology-vp">have told Bloomberg</a> that the two executives named in the federal indictment are ex-CEO <keyword id="375695" type="PERSON" weightage="60" keywordseo="Devin-Wenig">Devin Wenig</keyword> and ex-PR chief Steven Wyman.</li><li>Although the DOJ has charged neither former executive, court documents allege the two exchanged texts about the critics ahead of the campaign, saying, "We are going to crush this lady" and "Take her down."</li></ul><keyword id="6357395" type="UNKNOWN" weightage="60" keywordseo="eBay">EBay</keyword>'s ex-CEO and ex-PR head exchanged text messages about "crushing" company critics before employees allegedly organized a cyberstalking campaign against them, according to Bloomberg.Two people familiar with the matter <a href="https://www.bloomberg.com/news/articles/2020-06-17/ebay-former-pr-chief-is-said-to-be-executive-2-in-indictment?srnd=technology-vp">have revealed to Bloomberg</a> that Steven Wymer and Devin Wenig are the two unnamed executives in a federal indictment <a href="https://www.businessinsider.com/former-ebay-employees-justice-department-investigation-cyberstalking-newsletter-pig-mask-2020-6">revealed earlier this week</a> against former eBay employees. The Department of Justice is charging the six former eBay employees in connection with a 2019 harassment campaign targeting a <keyword id="21044" type="ENTERTAINMENT" weightage="60" keywordseo="Massachusetts">Massachusetts</keyword> couple who published critical stories about the company in a newsletter.Although federal authorities are not charging the two executives, court documents detail text messages and emails exchanged between the higher-ups regarding the company critics prior to and during the cyberstalking campaign. According to court documents, Executive 2 — which Bloomberg says is Wymer, the ex-head of communications — sent a text message to Executive 1 — identified as ex-CEO Wenig — telling him, "We are going to crush this lady." Later on Executive 1 sent Executive 2 a text saying, "Take her down."According to authorities, the team of eBay employees sent the couple behind the newsletter a series of "anonymous and disturbing" packages to their home in Massachusetts, including a preserved pig fetus, pornography, live cockroaches, and a book on "surviving the loss of a spouse." Court documents say the eBay employees also sent the couple a slew of harassing Twitter messages, and spammed their e-mail inboxes with sign-ups to bogus newsletters, including those with the subject lines: "the Communist Party"; "the Satanic Temple"; and "Cat Faeries."The six former eBay employees, who were on the global intelligence and security teams, have each been charged with conspiracy to commit cyberstalking and conspiracy to tamper with witnesses. Each person could face up to five years in prison and a fine of up to $250,000 for each charge, authorities said.Neither Wymer nor Wenig are still with eBay. Wymer only served as eBay's PR chief for about nine months in 2019. Wenig announced he was <a href="https://www.businessinsider.com/ebay-ceo-devin-wenig-steps-down-reviews-assets-2019-9?utm_source=markets&amp;utm_medium=ingestgest">stepping down from the CEO position</a> in September 2019, and cited conflict with eBay's board of directors.In a statement <a href="https://www.ebayinc.com/stories/news/ebay-inc-issues-statement-regarding-indictments-of-previously-terminated-employees/">published to its website Monday</a>, eBay said it became aware of the law enforcement investigation in August 2019 and cooperated fully. EBay says it conducted its own internal investigation, which found "no evidence" that Wenig played a role in the matter. "The internal investigation found that, while Mr. Wenig's communications were inappropriate, there was no evidence that he knew in advance about or authorized the actions that were later directed toward the blogger and her husband," the company's statement reads. "However, as the Company previously announced, there were a number of considerations leading to his departure from the Company."Additionally, eBay said it terminated all six of the indicted employees in September 2019."EBay does not tolerate this kind of behavior. eBay apologizes to the affected individuals and is sorry that they were subjected to this," eBay's investigation team said in a statement. "eBay holds its employees to high standards of conduct and ethics and will continue to take appropriate action to ensure these standards are followed."

Ebay's ex-PR boss reportedly told former CEO Devin Wenig 'we are going to crush' the woman targeted in the bizarre pig fetus and porn harassment allegations

<ul class="summary-list"><li>President Biden is a lifelong public servant, and he's behind in polls for reasons he can't change.</li><li>So, for the sake of the country, Biden has a critical decision to make:</li></ul>President Joe Biden has dedicated almost his entire professional life to serving our country.This summer, he will have another critical opportunity to do that.Specifically, he will have to make a decision that, in my opinion, could determine the future of American democracy.That decision is this:Whether to accept his party's nomination to run for a second term… or step aside and let the Democrats nominate another candidate.Whether or not you believe that "democracy is on the ballot" this fall (or care), you will probably agree that the stakes in this election are unusually high. So, at their convention this summer, the Democrats will want to nominate the strongest possible candidate.Based on recent polls, it does not seem that Biden is necessarily the strongest possible candidate.And even once he finishes sweeping the primaries, Biden does not necessarily have to be the candidate.Because, <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://abcnews.go.com/538/biden-trump-suddenly-leaves-2024-race/story?id=106136493">as political experts explain</a>, Biden could still step aside before the Democratic convention this August and allow the Democrats to nominate someone else.So, over the next six months, for the sake of his country — or at the very least the Democratic party and its policy objectives — Biden needs to dispassionately assess whether he is, in fact, the strongest possible candidate. If not, he should step aside.In making this decision, Biden needs to look and think carefully about not what is "true" or "right" or about what he wants most Americans to think, but what Americans actually think.According to recent polls, even in our polarized country, most Americans actually agree about several things.One is that ex-President Trump would do a better job than Biden <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.nbcnews.com/politics/2024-election/poll-biden-trump-economy-presidential-race-rcna136834">on the economy</a> (mostly, it seems, because of still-high inflation). Another is that Trump would do <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.nbcnews.com/politics/2024-election/poll-biden-trump-economy-presidential-race-rcna136834">better on immigration</a>, another highly visible issue. A third is that most Americans (<a target="_blank" rel="noopener noreferrer" class="c-link" href="https://abcnews.go.com/Politics/poll-americans-on-biden-age/story?id=107126589">a remarkable 81% of us</a>) think that Biden is too old to run for president. (Most of us think Trump is too old, too, but fewer of us.)In a diverse country, 81% is a startling and resounding consensus.What’s more, <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.nbcnews.com/politics/2024-election/bidens-age-fitness-top-list-voters-concerns-poll-finds-rcna137212">76% of us have either "major" or "moderate" concerns</a> about Biden’s mental and physical fitness for a second term.Now, maybe all of that is just unfairness or perception. Maybe Americans who think those things are just being stupid or falling for oppositional propaganda or are just being worrywarts.But here’s the thing:When it comes to elections, perception is reality.And, for most voters, our current perception is that Trump is the less bad and less old of two weak candidates that most Americans have deep misgivings about.If, despite Biden’s age, Americans agreed he was doing a bang-up job as president or were thumping Trump in the polls, we could dismiss these concerns.But only <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.reuters.com/graphics/USA-BIDEN/POLL/nmopagnqapa/">37% of us approve</a> of the job Biden is doing.And Biden is now <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.economist.com/united-states/2024/02/04/trumps-lead-over-biden-may-be-smaller-than-it-looks">trailing ex-Pres. Trump in the swing-state polls and losing to him in the betting markets</a>.True — the election is nine months away.True — a lot might change before then, including the polls.But the way things stand today, it looks to many like Biden’s decision to accept the Democratic nomination might affect the future of America’s democracy — and, with it, the Constitution and country that Biden has sworn to protect.Of course, a key factor in deciding whether to step aside is whether there is anyone else the Democrats could nominate who could be a stronger candidate.Polls suggest, for example, that it would be stupid for Biden to step aside so the Democrats can nominate Vice President Kamala Harris because she <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.newsweek.com/kamala-harris-matchup-against-donald-trump-1868650">would do even worse</a> against Trump.But most potential Democratic candidates deferred to Biden's desire to enter the primaries and didn't enter the race, so I don't think we really know yet whether there is a stronger candidate. By nominating someone at the convention, moreover, Democrats can choose the candidate they think has the best chance to win the general election, as opposed to the one that appeals most to Democratic voters in the primaries.As New York Times columnist Ross Douthat <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.nytimes.com/2024/02/10/opinion/joe-biden-convention-2024.html">has explained</a>, it would be better if Biden waited until mid-summer to make (or at least announce) his decision:The next six months would provide time to see whether the polls change meaningfully — a key factor in the analysis. The waiting period would also give the broader Democratic party time to figure out whether anyone else might make a stronger candidate. And it would allow more of Trump's legal trials to play out.If, by early August, the analysis suggests that Biden is, in fact, the strongest candidate, then the best way to serve his country would be to accept the nomination. If, on the other hand, Biden concludes that someone else might have a better chance, he could serve his country better by dropping out.

Biden has a huge decision to make &mdash; one of the most important of his presidency

<ul class="summary-list"><li>Over a decade after forming, a Canadian band parted ways with their label and released a new track.</li><li>After multiple attempts to gain traction on TikTok their song went mega viral and became a hit.</li></ul>On May 22, rock band The Beaches posted <a href="https://www.tiktok.com/@thebeachesband/video/7236113867347201286" target="_blank" rel="noopener">a short clip</a> to their TikTok account which showed their lead singer, Jordan Miller, performing vocals as she recorded their new track "Blame Brett." The four-piece from Toronto, Canada, had already teased the song a few times online with little success, but this time things were different.The video racked up 2.9 million views and over 1,300 comments from viewers who were hooked on the verse and desperate to hear more.The band had been together for over a decade at this point, but had never experienced anything like this. Their song suddenly became a huge hit, amassing hundreds of millions of views on TikTok across various videos, before it soared up the charts on Spotify, and eventually led to a string of stateside, sold-out shows.<h2>The band experimented with a variety of videos hoping one would blow up</h2>In late 2022, The Beaches parted ways with their longtime label Island Records, and spent the first few months of 2023 in the studio creating new music."We wanted the next thing to really kind of be like a breakthrough standout track," Kylie Miller, the lead guitarist and co-founder of the band, and Jordan's sister, told Insider.The group, which is also made up of guitarist and keyboardist Leandra Earl, and Eliza Enman-McDaniel on drums, came up with the concept of a break-up song that addressed how someone might treat their future partners after a split, with a reference to Jordan's ex named Brett, as a personal joke.They knew <a href="https://www.insider.com/tiktoker-the-bun-discovers-aspiring-musicians-sarah-crean-record-label-2023-6">TikTok had the potential to help launch a song</a> and boost ticket sales, and were hoping to have "a little bit of a viral moment," Kylie said, so they started uploading teasers of the track to their account which now has over 113,000 followers.They experimented with different formats to see what would hook people's attention, uploading clips that showed them miming along to the chorus on a rooftop, in a bathroom, and performing it live. Then they tried the same approach with the <a href="https://www.tiktok.com/@thebeachesband/video/7228771367733218565" target="_blank" rel="noopener">pre-chorus</a> instead, but none of them really took off. It was the low-key, behind-the-scenes TikTok of Jordan recording the verse that skyrocketed the track. "I think people really connect to something that's a little bit more like lo-fi," Kylie told Insider. "They like kind of being a part of how the song gets created and seeing someone do it for real."<h2>They were blown away by the magnitude of the viral reach</h2>The video had been up for a few hours before it suddenly skyrocketed, amassing comments and views at speed, which Kylie said "was really wild to see."The band capitalized on the initial success and continued posting clips featuring the <a href="https://www.tiktok.com/@thebeachesband/video/7237878928977693958" target="_blank" rel="noopener">track</a> which started to rack up hundreds of thousands of views each. More comments poured in from viewers who wrote that they loved the song and had rushed to the band's Spotify to hear more, and couldn't stop listening. Then TikTokers started uploading the song themselves, using it as background music for their own videos where they <a href="https://www.tiktok.com/@greta.onieogou/video/7238441756503723306" target="_blank" rel="noopener">showed off their outfits</a> or <a href="https://www.tiktok.com/@thevampiresconsort/video/7243945823296490798" target="_blank" rel="noopener">danced along</a>, transforming it into <a href="https://www.tiktok.com/discover/blame-brett" target="_blank" rel="noopener">a hugely popular sound</a> featured in clips that have been viewed over 680 million times.Now in their mid-twenties, The Beaches have been making music since they were in their teens, and were firmly established on home turf in Canada, having won a <a href="https://junoawards.ca/wp-content/uploads/2018/03/Winners-list.pdf" target="_blank" rel="noopener">Juno Award for Breakthrough Group of the Year</a> in 2018, then another in 2022 for <a href="https://twitter.com/TheJUNOAwards/status/1525629995347070976" target="_blank" rel="noopener">Rock Album of the Year</a>. But breaking into the American market had been a little challenging until their recent social media success propelled them to a broader audience."I don't really understand how the TikTok algorithm works but I'm extremely grateful for it," Kylie told Insider.On June 19, the band posted <a href="https://www.tiktok.com/@thebeachesband/video/7246229285143416070" target="_blank" rel="noopener">a video</a> reacting to the sudden exposure. It featured an on-screen caption that read, "pov you've been a band for 12 years and your music starts to go viral," and showed all four members jokingly acting flustered and confused while a popular clip from "The Office" played in the background, where character Michael Scott could be heard panicking while telling everyone to stay calm.<h2>The TikTok success directly translated to more ticket sales and streams</h2>Before they blew up, Kylie said they had around 200,000 monthly listeners on <a href="https://open.spotify.com/artist/6ws5XBA70XgeBpnLZhQBoy" target="_blank" rel="noopener">Spotify</a>; now they have 1.6 million. "Blame Brett" is the most popular track with 12 million plays alone, and reached <a href="https://www.tiktok.com/@thebeachesband/video/7240952868692348166" target="_blank" rel="noopener">number two on Spotify's US Viral Chart</a>, and new fans were sticking around to see what else the group could do. "All of our numbers on every song that we've done have gone up," Kylie told Insider. "So it's really kind of just helped us I think get people to discover us who never had before."Kylie noticed the demographic of the fans was shifting too as a direct result of TikTok. Their mostly male, Canadian audience was filling up with younger women, many of whom wrote comments beneath their videos to say the song was helping them through their own heartbreak. The band was <a href="https://www.tiktok.com/@thebeachesband/video/7267336296161414405" target="_blank" rel="noopener">selling out shows in the US</a> and getting played on US radio too, which Kylie said had never really happened before.A few days after "Blame Brett" was released, the band played at Boston Calling Music Festival in Massachusetts, where fans "erupted" and "started like vibrating," when they played the song, Kylie said. "They were moving so much, it was crazy."Kylie said she gets recognized way more often now when popping out for a coffee as well, and it's usually because people have seen her on TikTok. It was all "a little overwhelming" at first, she said, but the overall success was "something that we wanted to have happened for so long so it felt like so good."In August, "The Beaches" released their latest track "<a href="https://www.tiktok.com/@thebeachesband/video/7268025260971183366?lang=en">What Doesn't Kill You Makes You Paranoid</a>" and are set to release their full album "Blame My Ex" on September 15. They said they're having fun making more videos on the side to promote their new music in the same way and ride the TikTok wave."It's gonna be more and more a part of what we end up doing," Kylie told Insider. "Having it take off has been so beneficial."<a href="https://www.insider.com/culture">For more stories like this, check out coverage from Insider's Digital Culture team here.</a>

After 12 years together, a Canadian rock band wrote a song about the singer's ex-boyfriend. When a short clip went viral, their career skyrocketed.

<ul><li>A controversial decision by brokerage firms to limit buying in certain high-flying <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> led to sizable intraday declines in so-called <keyword id="334157" type="COMPANY" weightage="60" keywordseo="Reddit">Reddit</keyword> darlings on Thursday.</li><li>Robinhood and Interactive Brokers took action to limit buying after an epic short-squeeze in <keyword id="363661" type="COMPANY" weightage="60" keywordseo="GameStop">GameStop</keyword> sparked by Reddit traders spilled over into a handful of other stocks.</li><li>Detailed below are the seven Reddit stocks that cratered on Thursday.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestrkets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>The epic short-squeeze in shares of <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a> - sparked by <a href="https://markets.businessinsider.com/news/stocks/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1-1030009280">traders that frequent Reddit's WallStreetBets</a> - led to an <a href="https://markets.businessinsider.com/news/stocks/highly-shorted-stocks-soaring-reddit-wallstreetbet-traders-wall-street-2021-1-1030011346">investor mania that spilled over</a> into other heavily shorted stocks this week.<a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment</a>, <a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a>, and <a href="https://markets.businessinsider.com/stocks/bbby-stock">Bed Bath &amp; Beyond</a> are just a few of the stocks that have more than doubled in recent trading sessions as retail investors attempt to squeeze hedge funds out of their short positions.But on Thursday, several <a href="https://markets.businessinsider.com/news/stocks/robinhood-removes-gamestop-amc-reddit-wallstreetbets-fueled-stock-rally-gme-2021-1-1030015292">brokerage firms announced that they would restrict</a> its customers from buying shares of the high-flying stocks, and would only allow clients who currently owned the stock to sell, citing the recent volatility.Robinhood, Interactive Brokers, and WeBull were among the brokers to make the announcement. Margin requirements were also increased at a number of other brokerage firms."We continuously monitor the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> and make changes where necessary," Robinhood said in a <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility" target="_blank" rel="noopener">press release</a>.Following the announcement, the Reddit darling stocks that were in the midst of a short-squeeze cratered, with some falling more than 60% in intraday trades.Amid Thursday's decline, Twitter's <a href="https://twitter.com/WSBChairman/status/1354833189521522691">@WSBChairman tweeted</a> to his more than half a million followers, "HOLD THE LINE!!! WE WILL NOT BEND THE KNEE."Detailed below are the seven Reddit darling stocks that are cratering in Thursday's trading session.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-expected-outperform-earnings-2022-morgan-stanley-2021-1" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 17 stocks with strong earnings that are expected to outperform into 2022 even if the broader market sinks</a>1. GameStopTicker: <a href="https://markets.businessinsider.com/stocks/gme-stock">GME</a> Thursday's Decline: 68%<div type="image" title="gmeecharrt.JPG" height="652" width="842" msid="80518108" hostid="261"></div>2. AMC EntertainmentTicker: <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC</a> Thursday's Decline: 67%<div type="image" title="ammmc.JPG" height="652" width="838" msid="80518113" hostid="261"></div>3. BlackBerryTicker: <a href="https://markets.businessinsider.com/stocks/bb-stock">BB</a> Thursday's Decline: 47%<div type="image" title="bbbbbb.JPG" height="654" width="847" msid="80518117" hostid="261"></div>4. Express Inc.Ticker: <a href="https://markets.businessinsider.com/stocks/expr-stock">EXPR</a> Thursday's Decline: 64%<div type="image" title="exprrr.JPG" height="652" width="845" msid="80518121" hostid="261"></div>5. Bed Bath &amp; BeyondTicker: <a href="https://markets.businessinsider.com/stocks/bbby-stock">BBBY</a> Thursday's Decline: 43%<div type="image" title="bbbbyyy.JPG" height="644" width="841" msid="80518125" hostid="261"></div>6. Koss Inc.Ticker: <a href="https://markets.businessinsider.com/stocks/koss-stock">KOSS</a> Thursday Decline: 57%<div type="image" title="kossss.JPG" height="641" width="846" msid="80518128" hostid="261"></div>7. NokiaTicker: <a href="https://markets.businessinsider.com/stocks/nok-stock">NOK</a> Thursday Decline: 30%<div type="image" title="nokiaa.JPG" height="647" width="844" msid="80518132" hostid="261"></div>*Thursday's intra-day decline figures are based off of prices as of 1:04 p.m ET.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-sports-betting-picks-growth-industry-morgan-stanley-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 9 sports-betting stocks ahead of the industry's expected legalization in 12 states this year and its growth to $10 billion in 2025</a>

These 7 Reddit stock darlings are cratering as brokerages restrict buying in hot names

Heather Hazzan, SELF MagazineThere are several dozen research efforts to develop a coronavirus vaccine.<ul class="summary-list"><li>There are several dozen ongoing research efforts to develop a coronavirus vaccine, as the World Health Organization listed 35 candidates <a href="https://www.who.int/blueprint/priority-diseases/key-action/novel-coronavirus-landscape-ncov.pdf?ua=1">in a recent report</a>. </li><li>A top US health official has said it will take at least 12 months to 18 months to determine if any vaccine is safe and effective against this ongoing outbreak, which has <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">killed more than 4,000 people and infected upwards of 114,000</a>.</li><li>A range of life sciences players are involved in the vaccine research, including massive pharma companies like Johnson &amp; Johnson and Sanofi, tiny biotech companies, and academic research labs. </li><li>We went through each effort to compile a timeline of what to watch for in coronavirus vaccine developments throughout 2020 and beyond. At least seven vaccines could begin human testing by the end of this year. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>There are several dozen research efforts to develop a coronavirus vaccine, ranging from pharmaceutical giants and tiny biotechs to academic centers and nonprofit groups.Vaccine development has historically been a <a href="https://www.businessinsider.com/wuhan-coronavirus-vaccine-could-take-years-timeline-and-cost-2020-2">challenging multiyear process</a>, requiring hundreds of millions of dollars to test a vaccine for safety and effectiveness. While this current epidemic is the third coronavirus outbreak of the 21st century - the first two being SARS and MERS - we still don't have any approved vaccines for coronaviruses.The drug industry and health officials are now racing to respond to an ongoing outbreak that <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">has killed more than 4,000 people and infected upwards of 114,000.</a> Anthony Fauci, the longtime head of the National Institutes of Health's infectious disease unit, has repeatedly said it will take at least 12 months to 18 months to determine if a vaccine is safe and effective.The World Health Organization (WHO) <a href="https://www.who.int/blueprint/priority-diseases/key-action/novel-coronavirus-landscape-ncov.pdf?ua=1">lists 35 vaccine candidates</a> in the very first stages of research for this novel coronavirus. Here is a chronology of what to expect in the coming months for a potential coronavirus vaccine, from companies and organizations that have disclosed development timelines.<h2>Spring 2020: The first trials begin in people</h2>Once a group believes it has a viable potential vaccine, it usually begins human testing. The first clinical trials, called Phase 1 studies, are primarily focused on making sure the vaccine is safe and tolerable in a small sampling of healthy volunteers. These tests can also measure the vaccine's ability to induce an immune response. The biotech upstart Moderna appears to be poised to be first to start trials of its potential vaccine in people. Its candidate, dubbed mRNA-1273, will be tested in 45 healthy adults at the Kaiser Permanente Washington Health Research Institute. The study, <a href="https://clinicaltrials.gov/ct2/show/NCT04283461">run by the National Institutes of Health</a>, will test three dose levels: 25 micrograms, 100 micrograms, and 250 micrograms.Read more: <a href="https://www.businessinsider.com/moderna-coronavirus-vaccine-development-inside-the-lab-ceo-interview-2020-3">'Crazy hours, short nights': The inside story of how a buzzy biotech upstart developed a potential coronavirus vaccine in record time</a>Kaiser researchers <a href="https://www.businessinsider.com/sign-up-for-coronavirus-vaccine-trial-nih-kaiser-2020-3">have already begun</a> recruiting volunteers.Two other vaccine developers - Inovio Pharmaceuticals and Novavax - have also stated they expect to start clinical testing this spring. Both are small biotechs that have no approved vaccines despite each being around for more than 30 years."Our plan is to start the US-based clinical trials for COVID-19 vaccine in April of this year," Inovio CEO Joseph Kim said at <a href="https://www.whitehouse.gov/briefings-statements/remarks-president-trump-members-coronavirus-task-force-meeting-pharmaceutical-companies/">a March 2 White House roundtable meeting</a>, "followed by, shortly thereafter, a trial in China, in South Korea."That first study will test 30 healthy volunteers in the US, <a href="http://ir.inovio.com/news-and-media/news/press-release-details/2020/Inovio-Accelerates-Timeline-for-COVID-19-DNA-Vaccine-INO-4800/default.aspx">according to Inovio</a>. At the same White House meeting, Novavax CEO Stanley Erck said his biotech is aiming to start human testing of a coronavirus vaccine in May or June.Read more: <a href="https://www.businessinsider.com/wuhan-coronavirus-treatments-vaccine-jj-regeneron-gilead-2020-2">The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 9 top drugmakers are racing to tackle an outbreak that's spreading around the world.</a>A German drugmaker called CureVac is aiming to start a Phase 1 trial at the beginning of June. Like Moderna, CureVac uses a messenger RNA platform that instructs cells how to make proteins. Altimmune, a tiny biotech based in Gaithersburg, Maryland, has also put out a timeline for a first human trial starting in August to test a vaccine delivered through the nose as a single-dose spray. <h2>Summer 2020: We get our first look at whether the vaccines are safe</h2>Over the summer, by Fauci's timeline, the first human data should become available for Moderna's experimental vaccine. Once that first study gets going, the NIH's Fauci said it should take roughly three months for data to accumulate to see if the vaccine is safe. If it is, Moderna's vaccine could move into the next phase of clinical testing. This typically includes selecting one dose to bring forward, and then testing it in hundreds or even thousands of people instead of a few dozen.More clinical results on safety could begin to trickle in in the second half of 2020. If companies like Inovio, Novavax, and CureVac deliver on their timelines to start Phase 1 testing in the coming months, that should lead to safety data by the fall, depending on how quickly these trials can enroll people.<h2>Fall and Winter 2020: Johnson &amp; Johnson plans to start a vaccine trial </h2>Inovio, for instance, <a href="http://ir.inovio.com/news-and-media/news/press-release-details/2020/Inovio-Accelerates-Timeline-for-COVID-19-DNA-Vaccine-INO-4800/default.aspx">has said</a> it plans to publish and present the initial data on its vaccine in the fall. By the end of 2020, the company has said it can produce 1 million doses of a vaccine candidate for future studies or emergency use.Johnson &amp; Johnson, the largest healthcare company in the world, has also stated it is aiming to bring a vaccine candidate into the clinic in November. Paul Stoffels, J&amp;J's chief scientific officer, said the first versions of a potential vaccine are currently being tested in animals with positive results.Another experimental vaccine from University of Queensland researchers is also <a href="https://www.uq.edu.au/news/article/2020/02/significant-step%E2%80%99-covid-19-vaccine-quest">on track to start human testing</a> in the second half of 2020, according to a February 21 release. <h2>2021 and beyond</h2>At the most optimistic end of Fauci's timeline, a vaccine candidate could have data showing it's safe and effective at stopping the coronavirus in the first few months of 2021. In Moderna's case, that means a potential data readout of its second human trial. Looking this far into the future, though, the unknowns mount quickly.Typically, the US Food and Drug Administration requires an additional study to confirm a vaccine works, often in tens of thousands of people. It's unclear if there could be enough clinical evidence and urgency to deploy a vaccine as quickly as possible to forego such a test. That could be weighed against the need to ensure a vaccine works if it will be given to millions of healthy people.J&amp;J's Stoffels said the drugmaking giant plans to have early safety data on a vaccine in early 2021.Other companies have also released timelines to start clinical testing in early 2021, including the French pharmaceutical giant Sanofi. A small Danish biotech called ExpreS2ion Biotechnologies aims to start human trials within a year, after <a href="https://news.cision.com/expres2ion-biotechnologies/r/expres2ion-announces-eu-grant-award-for-the-covid-19-vaccine-development-programme,c3054055">receiving just under $1 million</a> from the European Union to accelerate development of a COVID-19 vaccine. <ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/wuhan-coronavirus-treatments-vaccine-jj-regeneron-gilead-2020-2">The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 9 top drugmakers are racing to tackle an outbreak that's spreading around the world.</a></li><li><a href="https://www.businessinsider.com/moderna-coronavirus-vaccine-development-inside-the-lab-ceo-interview-2020-3">'Crazy hours, short nights': The inside story of how a buzzy biotech upstart developed a potential coronavirus vaccine in record time</a></li><li><a href="https://www.businessinsider.com/coronavirus-treatments-and-vaccines-gileads-remdesivir-moderna-2020-3">We don't have any good treatments for the novel coronavirus right now, but scientists are racing to change that</a></li><li><a href="https://www.businessinsider.com/gilead-clinical-trials-for-coronavirus-treatment-remdesivir-2020-2">The $95 billion biotech Gilead just announced plans to test a promising potential coronavirus treatment in 1,000 people</a></li></ul><a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a>

There are at least 35 potential coronavirus vaccines in the works. Here are the top efforts to watch and what to expect in 2020 and beyond.

<div class="image-container float_right"><div class="image">REUTERS/Scott OlsonGoldman said what now?</div></div><keyword id="243254" type="PERSON" weightage="60" keywordseo="Dave-Lutz">Dave Lutz</keyword> of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open:
Good Morning! US Futures are starting on a weaker footing this AM, with the E-Minis retreating 30bp. A lot of reasons for the softness, from Zero Hedge relaying GS's Kostin that the market is overvalued - to concerns about retail (4 retailers have cut forecasts so far this AM --&gt; ASNA, LULU, SSI and EXPR. This comes as ICR starts today and ahead of Advance Retail Sales tomorrow) - to Earnings angst (30 of the 500 SPX companies report - Major Fins like JPM, BAC, AXP and GS - as well as INTC and GE). Europe remains on strong footing, however - with DAX + 20bp in trading 30% heavier than normal. EU banks are up another 1%, led by a pop in the Spanish fins on a FT read highlighting cheap funding - Spain's market is up another 50bp, and best performer in Europe YTD (EWP). In Asia, Shanghai hit to a 5month low as several IPOs were pulled by their regulator - While Japan was closed for Holiday, Nikkei futures are off 1.6% as the Yen is near 3week highs to the Dollar. India is at 52 week highs as the Rupee recovers, and EM ripped higher on the US Yield collapse - Indonesia + 3%, Thailand + 2%. Single Stock movers in the USA include TWTR +3.5% (GS bumps PT), WEN +5% (Earnings), LULU -7% (guidance), ICPT is off 30% (gravity). Sectors to focus on include Retailers with ICR kicking off, Autos with the Detroit show, HC with the JPM conference, and Financials with Basel headlines and earnings.
Yields in the US remain on 3 week lows, with the 10YY at 2.85%. The DXY is basically flat caught between a strong yen, and weaker €. - 2 major skews in commodities, with Base Metals like Nickel jumping after a controversial Indonesian government ruling banning miners from exporting unprocessed minerals - and the Oil complex is under pressure on the Iran accord reducing geopolitical risk premiums. Gold is off small, but remains above the 50dma at 1242, and covering continues in the Agriculture complex on the WASDE data from Friday. We have a light economic calendar today, with the Employment Trends Index at 10, a small POMO at 11, Fed's Lockhart to Speak on Economic Outlook at 12:40, and the Treasury's Monthly Budget Statement at 2.

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