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Lonza is confident that U.S. and Swiss plants it is building to help make Moderna's COVID-19 vaccine candidate will be ready for commercial production this year, executives at the Swiss company said on Tuesday. New production lines at Lonza's site in Portsmouth, New Hampshire, aim to start making vaccine ingredients in November, while three lines in Visp, deep in a valley in the Swiss Alps - to supply 300 million vaccine doses annually - should begin delivering by December....
Nio Inc - ADR (NYSE: NIO) shares have broken above the $20 level again following positive sell-side commentary Tuesday on the electric vehicle manufacturer. The Nio Analyst: Deutsche Bank Securities analyst Edison Yu reiterated a Buy rating on Nio with a $24 price target. The Nio Takeaways: Compelling evidence exists that consumers are increasingly perceiving Nio as a "high-quality premium brand" with best-in-class technology and service, Yu said in a Tuesday note.Nio's average customer referral rate increased from 52% in 2019 to 62% in the first half of 2020, the analyst said. Recent studies have shown that Nio's favorability among customers is higher than both BMW and Mercedes-Benz, he said -- and that the Chinese EV maker is one of the most reliable battery EVs across all segments based on the number of problems, even ahead of Tesla Inc (NASDAQ: TSLA). Yu said he expects Nio to officially unveil its all-electric...
Trucking and transportation companies that were well-prepared to deal with disruption using technology and processes have typically done well during the COVID-19 pandemic, according to Tom McLeod, founder and president of McLeod Software, kicking off his company’s 30th annual user conference Sept. 29. ...
Despite the recent volatility, many names in the semiconductor sector have mounted outsized gains since the historic March lows. But not memory giant Micron (MU). Weighed down by macro elements which have resulted in a lack of demand and the loss of a major source of revenue due to the ban on Huawei, MU shares are still in the red for 2020. Micron will have an opportunity to reverse course when the company releases F4Q earnings after the market closes today. The company has already pointed out what to look out for in a recent business update. Most concerning for investors were projections for the next (November) quarter. Slowing demand and customers’ excess inventory have led Micron to lower revenue forecasts. Wall Street followed by lowering estimates, too.While Raymond James analyst Chris Caso admits to being “late in cutting numbers,” the analyst has also now reduced November expectations to consensus levels...
(Bloomberg) -- A wildfire that jumped across California’s famed Napa Valley forced the evacuation of an entire wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco reached more than 42,500 acres as of Tuesday morning, nearly quadrupling in size over 24 hours, and is 0% contained, according to the California Department of Forestry and Fire Protection, or Cal Fire. A second fire that erupted in Shasta County has killed at least three people.The blazes broke out after a weekend of hot weather with dry winds in Northern California, which has already been buffeted by a record wildfire season. The gusts have now faded in that region but are gaining strength in the southern part of the state. Officials on Monday and Tuesday began deploying firefighters and equipment to Southern California in hopes of quickly stopping...
