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The Trump administration picked out five companies it believes are most likely to produce 2020’s holy grail – a vaccine for the coronavirus. Unfortunately, Novavax (NVAX) was not on the list.Although the White House didn’t disclose what lay behind the choices, 5-star B.Riley FBR analyst Mayank Mamtani provided some possible explanations.3 of the choices already have clinical studies in various degrees of progress (Moderna, AstraZeneca/Oxford University and Pfizer/BioNTech), whilst Novavax only began enrollment late last month. This implies to Mamtani that “speed to market entry” could be a major factor in the decision-making process.Whilst “risk diversification and cost sharing,” and a preference for large companies (Johnson & Johnson, Merck) with the necessary balance sheet required to conduct the extensive and pricey vaccine development and manufacturing may also be contributing factors.Even so, while those reasonings might explain the smaller player’s omission, Mamtani maintains Novavax should be added to the list.Mamtani said, “We...
Jun.05 -- True Ventures Partner Om Malik deleted his Facebook account two years ago. Now he's also leaving Instagram and WhatsApp, as announced in a blog post. He discusses what led him to the decisions on "Bloomberg Technology."...
Remaining afloat has become more than just a scientific feat for the beleaguered cruise industry. It has, figuratively, been the first port of call for cruise line operators during the pandemic. The global grounding of the entire industry has raised questions whether cruise lines can make it through the COVID-19 storm.For Tigress Financial’s Ivan Feinseth, one company to certainly sail through to the other side will be Norwegian Cruise Line (NCLH). The 5-star analyst anticipates NCLH will “overcome COVID-19 pandemic headwinds and emerge a stronger, and even better-positioned industry leader.” Feinseth has a list of reasons to back up his claim.Although currently waiting to resume operations, booking demand for 2021 remains strong, with pricing trends “remaining within historical ranges.”55% of those booked on cancelled sailings have already rebooked or are favoring future cruise credits rather than cash returns. Those requesting cash back have also indicated a willingness to rebook when conditions...
Jun.05 -- Bob Bernstein, owner of Bongo Java, a collection of six coffee shops and casual restaurants in Nashville, talks with Bloomberg's Taylor Riggs and Greg Bonnell about small business aid amid the pandemic....
Jun.05 -- Facebook Inc. Chief Executive Officer Mark Zuckerberg's inaction on President Trump's posts about George Floyd protests has angered his own staff and U.S. civil rights leaders. Vanita Gupta, president and chief executive officer of The Leadership Conference on Civil and Human Rights, discusses a call she participated in with Zuckerberg alongside other civil rights leaders. She speaks with Bloomberg's Emily Chang....
Most black families will not see the benefit from a historic stock market rally, one that has persisted despite a global pandemic and nationwide protests....
Steven Bullock, Trucost Global Head of Research and Innovation, joins Yahoo Finance to discuss the state of the environment after COVID-19 and how corporate America can shift priorities to push environmental sustainability to the forefront.
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