Year: 2020

(Bloomberg) — Wall Street analysts and specialists are weighing the possibility that Pfizer Inc. and BioNTech SE may file their Covid-19 vaccine candidate with regulators by October after the pair said a late-stage Covid-19 vaccine study kicked off on Monday evening.Pfizer rose Tuesday on the announcement with its German partner, just hours after similar news from Moderna Inc. With AstraZeneca Plc already in Phase 3, it’s a “three-horse race,” Jared Holz said from the Jefferies health-care trading desk. “The government involvement makes us think we could hear anecdotal reports of trial progress even before the interim data is available later …read more […]

The Federal Reserve is set to kick off its latest policy meeting today. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss what to expect with Wells Fargo Rate Strategist, Zachary Griffiths. …read more […]

Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Anjalee Khemlani discuss the latest coronavirus and vaccine news. …read more […]

United Airlines Holdings Inc. (UAL) has communicated to two regional airlines, ExpressJet (XJT) and CommutAir, that it will continue to work with only one of them.In a report from Reuters on July 28, a pilot union letter revealed United’s intentions, which would potentially result in a significant revenue loss for the unchosen carrier. ExpressJet and CommutAir work exclusively for United Airlines.Before the pandemic, United Airlines expanded its domestic network by making agreements with regional airlines, which offered cheaper terms. However, with reduced travel due to COVID-19, United has been forced to scale its plans and reduce its workforce. This follows …read more […]

The Lucid Air, which will compete with the Tesla Model S, will come standard with such features as adaptive cruise control, lane centering, automatic emergency brakes and automated parking. It will also be one of the first production vehicles to be equipped with standard lidar, a laser-based sensor that detects obstacles and objects, including pedestrians, as part of the vehicle’s collision avoidance system. Tesla chief Elon Musk has said Teslas do not need lidar because their other sensors – mainly camera and radar – provide sufficient object detection when the vehicle is in semi-automated Autopilot mode. …read more […]

The company, whose Chief Executive Officer Elon Musk has spoken against further government aid as Congress debates another round of stimulus, said that along with cost cuts, the benefits had offset almost all of its costs due to the idling of factories in this year’s lockdowns. Tesla’s only U.S. vehicle factory — in California, where most of its cars are produced — was shut down for some six weeks in the second quarter ended June after an initial standoff with local authorities. Reuters could not immediately verify which government assistance the company received and in what country. …read more […]

(Bloomberg) — Remington Outdoor Co. filed for bankruptcy for the second time in two years with plans to sell the 200-year-old maker of firearms.The company said reduced gun sales prevented it from making money even after restructuring its finances in its first bankruptcy. Remington had $437.5 million in sales last year, about half the business it did in 2016, according to court papers filed in Decatur, Alabama.The company owes various lenders more than $250 million, including a $12.5 million debt to Remington’s home town of Huntsville, Alabama, which put up a loan to help upgrade a manufacturing plant there.The Chapter …read more […]

Here is why gold prices are going through the roof. …read more […]

Amazon (AMZN) rose 1.5% on Monday after Merill Lynch and Wells Fargo, among others, lifted the price target on the stock. The analysts’ optimism comes ahead of the company’s 2Q earnings on July 30. Amazon has benefited from an online user boom helping its shares surge over 65% so far this year.Merrill Lynch analyst Justin Post raised the price target to $3,280 (7.4% upside potential) from $3,000. Meanwhile, Wells Fargo analyst Brian Fitzgerald hiked it to $3,600 from $3,000.Wedbush analyst Michael Pachter lifted the price target to $3,500 from $3,050. Pachter believes that “Covid-19 and the stay-at-home response for many …read more […]

Emergent BioSolutions Inc. (EBS) has signed a $174 million deal to provide contract development and manufacturing for AstraZeneca’s (AZN) COVID-19 vaccine candidate, AZD1222.As part of the agreement, Emergent will start this year to produce drug substance at large scale for commercial supply. The contract valid until 2021, follows a $87 million contract in June, which Emergent signed for the development of AstraZeneca’s vaccine candidate. Together the agreements bring AstraZeneca’s commitment to a total of $261 million.AstraZeneca, which is developing AZD1222 together with Oxford University, has in recent weeks signed supply chain agreements for the capacity to produce 2 billion doses …read more […]

In the hearts of New York and metro Los Angeles, Rite Aid deployed the technology in largely lower-income, non-white neighbourhoods, according to a Reuters analysis. In telephone and email exchanges with Reuters since February, Rite Aid confirmed the existence and breadth of its facial recognition programme. …read more […]

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“Those cows are belly-deep in grass and starving to death.”
That’s a maxim among livestock producers to explain the nuances of forage quality.
It simply means all grass is not created equal.
When grass first begins to grow, it’s high in protein. As it matures, it moves from a protein to a carbohydrate. And if it becomes fully mature, it turns into something akin to cardboard. It loses all its nutritional strength.
Different species of grass mature at different heights. Bluegrass, for example, matures and sets seed often before it’s a foot tall. Switchgrass, in contrast, often grows to 6 feet before it even …read more […]

Does the July share price for Sohu.com Limited (NASDAQ:SOHU) reflect what it’s really worth? Today, we will estimate… …read more […]

Top news and what to watch in the markets on Tuesday, July 28, 2020. …read more […]