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Five companies have now been picked by the Trump administration as the most likely candidates to produce a coronavirus vaccine, The New York Times reports.This comes as part of Operation Warp Speed (OWS), the administration’s national program to accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics.Among its other objectives, Operation Warp Speed aims to have substantial quantities of a safe and effective vaccine available for Americans by January 2021.The five companies selected are as follows:Moderna’s (MRNA) mRNA1273 which is currently undergoing Phase 2 trials;A joint collaboration between AstraZeneca (AZN) and Oxford University on AZD1222 which is now in clinical trials at multiple UK sites;Johnson & Johnson (JNJ) which plans to start a Phase 1 clinical trial in September with an ultimate goal of supplying more than one billion doses of its coronavirus vaccine globally;Merck (MRK) which is trying to develop a vaccine using similar technology to its...
The shares of Genius Brands International Inc. (NASDAQ: GNUS), a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May.The surge has come following a string of operational advancements and investments announced by the children entertainment company.New Network Brand The biggest of these is the anticipated launch of "Kartoon Channel" on June 15. Genius Brands said early May it was merging its two channels, "Kid Genius Cartoon Channel" and "Baby Genius TV," to create the new digital network.Kartoon Channel "will be available in over 100 million U.S. television households, and over 200 million mobile devices," and will stream on Amazon.com Inc.'s (NASDAQ: AMZN) Prime Video and Apple Inc.'s (NASDAQ: AAPL) Apple TV, among other platforms, the company said at the time.CEO Andy Heyward described the channel as a "turning point" in a letter to shareholders, and dubbed it free Netflix Inc. (NASDAQ: NFLX) for kids.Genius Brands...
(Bloomberg) -- Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery.Futures in New York fell around 2% to below $37 a barrel after closing at the highest since March 6. Saudi Arabia and Russia have reached a preliminary deal to extend output curbs for an extra month, but it’s conditional on other members making deeper cuts in the months ahead to make up for past non-compliance, people familiar with the matter said. The two leading producers have lost their patience with the errant behavior of the next-biggest, Iraq.Meanwhile in the U.S., diesel demand fell to a 21-year low last week and gasoline stockpiles swelled, according to Energy Information Administration data. The figures suggest that fuel consumption in the world’s largest oil consumer isn’t recovering as quickly as previously...
The shares of Zuora Inc. (NYSE: ZUO) skyrocketed in the after-hours session on Wednesday as the company reported better-than-expected earnings for its first quarter this year.Q1 Earnings The business-to-business subscription management service provider posted total revenue of $73.9 million, up 15% from the $64.1 million reported the same quarter a year ago.This compares with the average estimate consensus of $69.5 million of analysts polled by FactSet, as reported by MarketWatch.View more earnings on ZUOZuora said it saw a non-GAAP net loss of 6 cents per share in the quarter, down 45% from the 11 cents loss per share in Q1 of the previous fiscal year. FactSet analysts had estimated a non-GAAP loss per share of 10 cents, according to MarketWatch.Q2 Forecast The Redwood City, California-based company withdrew its previous earnings guidance for the second quarter in light of the novel coronavirus (COVID-19) pandemic.Zuora said it now expects total revenue between $72.5...
(Bloomberg) -- Toward the end of every year, chicken producers compete for massive contracts with grocery stores and fast-food chains across America. At least, that’s how it’s supposed to work.A string of text messages and emails disclosed in a federal indictment Wednesday suggest otherwise. In one 2014 exchange, Jayson Penn, the now-chief executive officer of chicken giant Pilgrim’s Pride Corp., asked an unnamed colleague about negotiations with a restaurant franchise. He noted that a competitor “did cave” to offering a lower rate to lock in a previous contract. The manager responded to say, “They are listening to my direction.”“Who is they?” Penn asked. If “they” is illegal, he said, “don’t tell me.”After years of talk, the feds have finally pounced: Big Chicken, they say, has been fixing prices. It’s one of the stranger examples of alleged market-rigging in a long history of cases -- and an unusual one in that the...
In this article we will take a look at whether hedge funds think New Age Beverages Corporation (NASDAQ:NBEV) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]...
