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Shift to Telehealth Drives Record Revenue and Gross Profit in Second Quarter 2020

* WELL achieved record quarterly patient services revenues in the second quarter due to: (1) a successful shift to telehealth which included significant revenues from both VirtualClinic+ and phone consultations; (2) WELL’s family practice business proved to be highly resilient; and (3) WELL’s corporate-owned clinics remained open as a critical business throughout the COVID-19 pandemic. * COVID-19 has caused an acceleration of WELL’s telehealth business as patients observing physical distancing measures increasingly turned to telehealth during the pandemic. …read more […]

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The Ultimate Test of Liberty

Every few years, a new buzzword must be invented to describe ecologically responsible agriculture.
In the beginning, it was “organic.” Then it was “sustainable.” Today it’s “regenerative.”
Organic gradually fell out of favor because it was not broad enough. It did not capture the benefits of soil development.
Viewed over time as a system of don’ts, the word failed to showcase positive practices.
And once the government owned the word through regulation, its value plummeted fast with industrial “greenwashing.”
So, organic gave way to sustainable.
This may have been an improvement because it sought to answer the question of perpetuity. Could the system actually survive and …read more […]

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Hong Kong Media Stock Surges 1,000% After Publisher's Arrest

(Bloomberg) — They’ve occupied Hong Kong’s central business district, marched by the hundreds of thousands through the city’s streets and endured tear gas and pepper spray in pitched battles with riot police.Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts.To show support for Jimmy Lai, the publisher and outspoken government critic who was arrested Monday under the city’s new national security law, Hongkongers have been piling into shares of his media company, Next Digital Ltd. The result: a more than 1,100% surge in two days that propelled the stock to a seven-year high.“There are …read more […]

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Novavax Rises 5% On Earnings; $2B Covid-19 Vaccine Funding

Shares in Novavax (NVAX) rose 5% in Monday’s trading after the late-stage biotech announced positive second quarter earning results. However the stock subsequently pulled back 2.4% in after-hours trading.The vaccine maker also stated that it secured $2 billion in funding for development and commercialization of NVX-CoV2373, a vaccine candidate engineered from the genetic sequence of SARS‑CoV‑2, the virus that causes Covid-19 disease.The funding consists of up to $388 million from the Coalition for Epidemic Preparedness Innovations (CEPI); up to $60 million from the U.S. Department of Defense (DoD) funding; and up to $1.6 billion from the U.S. Government funding through …read more […]

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Tough-to-Impress Harvard Grad Molds Fortunes of China’s Rich

(Bloomberg) — In a market where billions slosh around in search of the next big thing, Tony Zhang’s decade of wagering on Chinese startups has made him cautious.That’s how he approached his first meeting with Neo Wang, the 30-year-old who channeled his personal struggle with weight into Chinese fitness and workout sensation Keep. With 40 million monthly subscribers on his app and the backing of Tencent Holdings Ltd. and Goldman Sachs Group Inc., Wang had grown accustomed to fawning investors, but Zhang proved hard to impress.He grilled Wang for hours on Keep’s growth and on the units he’d cut in …read more […]