1. Sinclair Explores Selling Nearly 30% of Broadcast Stations
2. Novavax Signs Multibillion-Dollar Deal to Commercialize Covid Vaccine
3. Apple Apologizes for Controversial Ad
4. Market Updates: Dow Jones Industrial Average Continues Winning Streak

In today’s financial news, media company Sinclair is making headlines as it looks to sell nearly 30% of its broadcast stations. This move comes as Sinclair has faced challenges in the market, losing more than 70% of its market value in the past five years. The company, one of the largest owners of broadcast stations in the U.S., is considering selling more than 60 stations and the Tennis Channel. This decision reflects the changing landscape of the media industry as customers continue to cut the cable cord.

On the healthcare front, Novavax has signed a multibillion-dollar deal with French drugmaker Sanofi to commercialize its Covid vaccine. This partnership will also involve the development of combination shots targeting both the coronavirus and the flu. The deal includes an upfront payment of $500 million to Novavax, with additional payments for milestones and royalties. This agreement is a significant milestone for Novavax, allowing the company to address previous concerns about its financial viability.

In tech news, Apple has issued an apology for an advertisement that sparked criticism online. The ad, which featured a hydraulic press crushing various items to create the new iPad, was met with backlash for its tone-deaf messaging. Apple’s vice president of marketing communications acknowledged the misstep and announced that the ad will not be aired on TV. This incident serves as a reminder of the importance of thoughtful and sensitive marketing strategies in today’s digital age.

Overall, these developments highlight the dynamic nature of the financial markets and the need for investors to stay informed and adaptable in their trading strategies. Stay tuned for more updates on these and other key news items as the trading day unfolds.