- Ferrari NV (NYSE:RACE) said its professional sports team, Scuderia Ferrari, will partner with a Swiss blockchain technology company, Velas Network AG, from next season.
- The multi-year agreement provides for the creation of exclusive digital content for the Scuderia’s fans.
- Velas will be the title sponsor of the Ferrari Esports Series, the online mono-brand series of the Prancing Horse, and of the Esports team that will compete in the F1 Esports Series.
- Price Action: RACE shares closed higher by 1.10% at $253.46 on Thursday.
Mid-Day Market Update: Crude Oil Rises Over 2%; Apellis Pharmaceuticals Shares Plunge
Midway through trading Friday, the Dow traded down 0.40% to 34,739.37 while the NASDAQ fell 0.06% to 15,238.92. The S&P also fell, dropping 0.21% to 4,483.84.
