The surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate. The cut helped raise some confidence, but it did not wipe out the uncertainty dominating markets about how much economic damage the virus will ultimately do.
As part of the deal the Raiders will wear practice jerseys with the Rokit logo, and Rokit will use team logos and players in company marketing efforts.
MGM Resorts International is planning a $1.25 billion share buyback after last week’s sharp dip in the stock market.
