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Investors of Moderna (MRNA) slept soundly last weekend, as shares ended each session in the green during the week. Saving the best for last, on Friday July 17, Moderna posted a 16% uptick after it was revealed that the European Union (EU) might purchase Moderna’s experimental COVID-19 vaccine. The latest surge has sent the stock to a record high, having added 310% of muscle since the turn of the year.With a Phase 2 study currently in progress, and a Phase 3 trial of mRNA-1273 set to begin on July 27, Oppenheimer analyst Hartaj Singh sees a rocky path ahead, yet remains optimistic.“MRNA's valuation, in our view, is reflecting an approval and fast uptake of mRNA-1273, in line with other historical biotech comps. Pricing dynamics, potential donation of free vaccine and distribution of mRNA-1273 are non-trivial issues. We believe these can be navigated, but transit could be choppy. As the leader in...
(Bloomberg Opinion) -- When was the last time you encountered a white knight? Hiding out from Hong Kong’s latest wave of the coronavirus, I haven't seen a human for days, forget about getting rescued. China Inc. is probably feeling the same way — too many damsels in distress and not enough white knights to go around. More likely than not, many bailout deals will fall through, breaking our hearts and wallets. This sort of uncertainty is unfolding at Car Inc., which once shared a chairman with scandal-ridden Luckin Coffee Inc. The auto-rental operator has been flirting with not just one, but two state-owned car manufacturers for bailout money. On May 31, it entered a “non-legally binding” strategic partnership with Beijing Automotive Group Co., only to switch gears a month later to SAIC Motor Corp. After SAIC terminated that deal Monday, sending Car Inc.’s dollar bonds tumbling, the rental company decided to settle down with BAIC after all....
Posted by OFX AUD - Australian Dollar The Australian Dollar surged higher through trade on Tuesday, triggered by broad based US weakness and an uptick in risk demand following key fiscal policy announcements. Equities and risk sensitive currency lurched upward after EU leaders finally found an agreeable medium and announced details of … Continue reading "AUD storms higher as EU leaders spur risk demand"The post AUD storms higher as EU leaders spur risk demand appeared first on ....
Advanced driver assistance systems have come a long way in the past few years. These fleets say they are very happy with the results so far, but driver training and coaching are key. ...
Advanced driver assistance systems have come a long way in the past few years. Fleets say they are very happy with the results so far. ...
After a series of ups and downs through most of June and July, making the stock index charts look like a saw, the S&P 500 is rising again. The index is holding above 3,200, giving investors reason to view that level as a new support. Where the upper resistance may lie, is anyone’s guess. At the start of the current rally, analysts placed it at 2,750 to 2,850 – but the index broke above that back in May.Whether these movements in S&P are lasting or ephemeral, there will always be means to find profit in the markets. Investing is a long-term game, so finding stocks that are going to continue delivering returns six months or a year from now is a key to success. Every investor has his own investing strategy. While some investors like to read stock market news & analysis, others prefer to do their own stock analysis and...
Self-driving truck developer Plus.ai recently made an agreement with the Transportation Research Center (TRC) to conduct capability tests of Plus.ai’s self-driving system using a multi-vehicle approach. ...
