Year: 2020

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Moderna gets further $472 million U.S. award for coronavirus vaccine development

July 26, 2020 admin Comments Off on Moderna gets further $472 million U.S. award for coronavirus vaccine development

The U.S.-based drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna’s vaccine candidate. In April, Moderna had received $483 million from the U.S. federal agency that funds disease-fighting technology, when the experimental vaccine was in an early-stage trial conducted by the U.S. National Institutes of Health. …read more […]

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Apple to Outperform Q2 Estimates; Forecast Revenue and EPS of $55.1 Billion and $2.18: Morgan Stanley

July 26, 2020 admin Comments Off on Apple to Outperform Q2 Estimates; Forecast Revenue and EPS of $55.1 Billion and $2.18: Morgan Stanley

“June quarter results likely to outperform consensus estimates on the back of better than expected hardware sell-in. We currently forecast June quarter revenue and EPS of $55.1B and $2.18, 7% and 8% above current consensus estimates, respectively,” said Morgan Stanley. …read more […]

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The Next Move in Oil Prices May Be Down, Not Up

July 26, 2020 admin Comments Off on The Next Move in Oil Prices May Be Down, Not Up

(Bloomberg Opinion) — Oil’s recovery is being hit from both sides. Benchmark Brent crude prices have risen by 128% from their April low, remaining above $40 a barrel since the middle of June. But rising supply and faltering demand bode ill for those who want oil prices to keep climbing.The OPEC+ group of oil producers, who have implemented unprecedented output cuts since May, will soon begin to relax their restraint, adding more crude to a market that is also seeing the first signs of recovery in North American production.The group of 23 oil producing countries, led by Saudi Arabia and …read more […]