There's a big healthcare stock that debuted on Thursday that investors should take a closer look at: American Well, also known as Amwell. Amwell is a Boston-based telemedicine stock that's also one of Teladoc's (NYSE: TDOC) main rivals. It's not just a trend among young people, either; many seniors are also using telehealth services.
A U.S. judge early Sunday blocked the Trump administration from requiring Apple Inc and Alphabet Inc's Google to remove Chinese-owned messaging app WeChat for downloads by late Sunday. U.S. Magistrate Judge Laurel Beeler in San Francisco said in an order that WeChat users who filed a lawsuit "have shown serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs’ favor." On Friday, the U.S. Commerce Department had issued a order citing national security grounds to block the app from U.S. app stores owned by Tencent Holding's and the Justice Department had urged Beeler not to block the order.
Meanwhile, even CEO Frank Slootman thinks the market's mania for the stock got out of hand last week.