GameStop Corp. GME, +3.59% said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. The stock jumped 9% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&P 500 SPX, -0.11% has gained 12.5% in the same period.

Coronavirus tally: Global cases of COVID-19 top 217 million as study finds Moderna vaccine produced more antibodies than Pfizers

The global tally for the coronavirus-borne illness climbed above 217 million on Tuesday, while the death toll rose to 4.51 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total of 39 million cases and 638,715 deaths. The daily average of new cases over the past seven days rose to 158,946 as of Monday, up 12% from two weeks ago, according to a New York Times tracker. The daily average for deaths increased to 1,348 up 91% in two weeks, and is now trending above 1,000 for the first time since March, the tracker shows. The daily average for hospitalizations rose to 100,663, up 22% from two weeks ago and continuing to trend at the highest levels since winter. A study comparing individual immune responses to two major COVID-19 vaccines has shown that Modernas undefined created more than double the antibodies than that of Pfizer undefined and BioNTech undefined. The study involving 2,499 Belgian health-care workers who were vaccinated with two doses of either companys vaccine was published on Mondayin the Journal of the American Medical Association. India has the second highest death toll after the U.S. at 438,560 and is third by cases at 32.8 million, the JHU data shows. Brazil has second highest death toll at 579,574 and has 20.8 million cases. In Europe, Russia has 180,009 deaths, followed by the U.K. with 132,808.

Ciara Linnane is MarketWatchs investing- and corporate-news editor. She is based in New York.