Day: July 7, 2020

Dunkin' will be permanently closing 450 of its store locations inside of Speedway gas stations, multiple outlets are reporting. The news was actually first reported back in February by Restaurant Business Online following an earnings call. During that call, president of Dunkin' Americas Scott Murphy said that by closing these locations, the company will be "better positioned to serve many of these trade areas with future Dunkin’ restaurants that reflect the full expression of our next-generation restaurant design." Many of these in-station locations offer a limited menu and are much smaller than the company's standalone restaurants. It's unclear why the news is resurfacing months later, but Dunkin' confirmed the closures to The Today Show via a statement from Dunkin's chief financial offi...

Take a look at some of the biggest movers in the premarket:Novavax (NVAX) – Novavax was awarded $1.6 billion in funding from "Operation Warp Speed," the government program aimed at speeding the development and delivery of a Covid-19 vaccine. The money will be used to complete late-stage studies, establish large-scale manufacturing, and deliver 100 million doses as early as late 2020.Regeneron (REGN) – The drugmaker was also the recipient of "Operation Warp Speed" funding, receiving $450 million for the development and production of its Covid-19 anti-viral antibody cocktail. The company said initial doses could be ready as soon as the end of the summer.Quest Diagnostics (DGX) – The medical lab operator said turnaround time for Covid-19 test results has lengthened to four to six day...