According to Traton CEO Andreas Renschler, there are key lessons that his company has taken away from the ongoing COVID-19 pandemic, giving the outbreak a positive spin at the recent Summer of Purpose virtual/live global business event held in Munich, Germany. ...
Dr. Jeremy Faust, ER Physician at Brigham and Women’s Hospital in Boston & Harvard Medical School Instructor joins Zack Guzman to address how hospitals are handling the coronavirus crisis....
Novavax, Inc. (NASDAQ: NVAX) shares are on a dream run this year amid catalysts including its COVID-19 vaccine program.The Novavax Analyst: Vernon Bernardino reiterated a top pick Buy rating on Novavax and raised the price target from $50 to $101. The Novavax Thesis: Novavax's COVID-19 vaccine candidate NVX-CoV2373 is likely a sustainable long-term market opportunity, Bernardino said in a Monday note. (See his track record here.)H.C. Wainwright held a virtual fireside chat with Novavax executives Thursday. The $388 million in CEPI funding for Novavax de-risks clinical development of the vaccine candidate, the analyst said. Novavax is capable of being a robust competitor against larger vaccine makers, likely helping it realize over $400 million in annual sales of NVX-CoV2373, he said. Discussions with former U.S. Health and Human Services and BARDA official Kevin Gilligan increased Bernardino's positive view on Novavax's prospects for realizing a near-term lucrative market opportunity as well as sustained...
(Bloomberg) -- Coty Inc., rushing to lift its fortunes after a tough start to the year, is doubling down on the Kardashians.The owner of Max Factor and Covergirl agreed on Monday to buy a 20% stake in Kim Kardashian West’s beauty business for $200 million. The company’s plan to develop skin, hair and nail products under the reality TV star’s brand comes just months after Coty inked a $600 million deal with her sister, Kylie Jenner.The back-to-back tie-ups with members of the same empire are intended to rekindle sales growth and drive e-commerce at Coty, which took a $3 billion writedown last summer in a stunning admission that many of its mass-market brands are out of touch. The question for investors now is whether Coty can strike gold twice with the Hollywood family, repeating the rapid success of Jenner’s cosmetics portfolio with Kardashian West’s smaller line.Coty, whose shares were down 63%...
Not everyone in the market is buying hand over fist. Interactive Brokers founder and chairman Thomas Peterffy joins Yahoo Finance to discuss markets....
(Bloomberg) -- A Boeing Co. 737 Max lifted off from a Seattle airfield with a U.S. Federal Aviation Administration pilot on board, the first of several flights to test whether the revamped jetliner is safe following two deadly crashes.The Max 7 took off from Boeing Field at about 9:55 a.m. local time Monday and is scheduled to return about three hours later, according to its flight plan. Using call sign BOE701, the plane is flying maneuvers over central Washington state.The so-called certification flight is a milestone toward ending a grounding imposed worldwide in March 2019 after the accidents killed 346 people. The FAA plans to put the jet, bristling with monitoring equipment, through a comprehensive examination, said a person familiar with the matter, who wasn’t authorized to speak publicly about the details.Among the flying planned is the infamous “wind-up turn,” a steep turn that essentially approaches a stall, with wings approaching...
Sentiment is fickle on Wall Street. Flavor of the day can quickly sour and become yesterday’s leftovers. Case in point: Capesize shipping company Seanergy Maritime (SHIP). Last week, the stock surged by 40%, after capesize shipping rates hit 2020 highs, but gave those gains back on Friday. Despite the impact of COVID-19 on the globaliron ore trade industry, SHIP reported decent 1Q20 earnings results last week.Net operating revenue came in at $7.64 million, up 13% year-over-year. Not to mention this figure beat the consensus estimate by $0.34 million. SHIP posted a small bottom line beat, too, with Q1 GAAP EPS of -$0.31, $0.01 above the Street’s call.So, it is unlikely SHIP shares were sold off following the upbeat quarterly statement. Most likely, shares were sent tumbling when SHIP announced a plan to go ahead with a 1-for-16 reverse stock split, in order to comply with Nasdaq listing regulations. The company had until...
