Diamonds and Dogs
Shopify (SHOP) jumping on news of a partnership with Walmart. Shopify is up 5% not far from all-time highs as the partnership allows Shopify's one million-plus sellers to make their merchandise available to Walmart.com shoppers on Walmart Marketplace. Walmart is hoping this move with help combat Amazon's growing threat.
BP (BP) taking a big write-down. The British oil company is down 2% after taking a $17.5 billion charge due to the impact of coronavirus and their strategy to become carbon neutral by 2050. BP also lowered its long-term oil price assumptions as they believe the pandemic would accelerate the shift towards a lower carbon economy with countries incorporating climate-friendly policies.
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