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Yahoo BusinessJul 07, 2020
Novavax Spikes 42% Pre-Market On $1.6B U.S. Funding For Covid-19 Candidate
Shares in Novavax (NVAX) are currently jumping 42% in pre-market trading after the biotech company said that it has been granted $1.6 billion by the U.S. government to fund the development of a potential coronavirus vaccine.The stock is soaring to $116.53 in Tuesday's pre-market trading as Novavax announced that it has been selected to participate in Operation Warp Speed (OWS), a U.S. government program that seeks to begin supplying millions of doses of a safe, effective vaccine for COVID-19 in 2021. As part of the program, Novavax has been awarded with the funding to complete its late-stage clinical development, including a pivotal Phase 3 clinical trial of its COVID-19 candidate NVX-CoV2373 and supply 100 million doses of the vaccine as early as late 2020."The pandemic has caused an unprecedented public health crisis. We are honored to partner with Operation Warp Speed to move our vaccine candidate forward with extraordinary urgency in the quest to provide vital protection to our nation's population," said Novavax CEO Stanley C. Erck. "We are grateful to the U.S. government for its confidence in our technology platform, and are working tirelessly to develop and produce a vaccine for this global health crisis."NVX-CoV2373 consists of a stable, prefusion protein made using its proprietary nanoparticle technology and includes Novavax' proprietary Matrix-M adjuvant. In May, Novavax initiated a Phase 1/2 clinical trial of NVX-CoV2373 in 130 healthy participants 18 to 59 years of age b

Regeneron's stock gains on $450 million manufacturing deal with U.S. for experimental COVID-19 treatment (MarketWatch MarketPulse)
Regeneron signs $450 million contract with U.S. government for COVID-19 therapy (Yahoo Business)

CNBC BusinessJul 07, 2020
Regeneron signs a $450 million contract with the U.S. government for its coronavirus therapy
Regeneron Pharmaceuticals said on Tuesday the U.S. government has granted the drugmaker a $450 million contract to make and supply its double antibody cocktail that is being tested against Covid-19.

Coronavirus tally: Global cases of COVID-19 hit 11.64 million; U.S. leads with 2.94 million as cases climb in 40 states (MarketWatch MarketPulse)
Australia to reimpose six-week coronavirus lockdown in second largest city as country battles potential second wave - CNN (Google Business News)

Google Business NewsJul 07, 2020
Stocks making the biggest moves in the premarket: Novavax, Regeneron, Square, Nvidia & more - CNBC
Stocks making the biggest moves in the premarket: Novavax, Regeneron, Square, Nvidia & more  CNBCOperation Warp Speed commits $1.6 billion to Covid-19 vaccine maker Novavax  CNNNovavax Gets $1.6 Billion for Coronavirus Vaccine From Operation Warp Speed  The New York TimesFormer FDA chief Scott Gottlieb on Novavax receiving federal funding to develop Covid-19 vaccine  CNBC Television

Wall Street Journal US BusinessJul 07, 2020
Governments Eye a Green Economic Recovery. Some Industries Aren't Convinced.
Governments around the world are spending like never before to kick-start their economies in the wake of Covid-19 lockdowns, in many cases tying green initiatives to rescue packages, even as some industries say saving jobs should trump environmental concerns.

KiplingerJul 07, 2020
Before You Invest in ‘Crowdfunded' Real Estate, Consider the Tax Implications
The rise in online real estate investing in recent years has been remarkable. As the global consulting firm EY estimates, the online real estate investing market worldwide is expected to be $8.3 billion in 2020, with no sign of slowing.

Invested in Commercial Real Estate During COVID-19? 5 Key Questions Answered For all the benefits of joining the crowd, there is one downside to many syndicated investments that every real estate investor should know. Most co-investment opportunities are in the form of limited partnerships (LPs) or limited liability companies (LLCs). That's not necessarily bad, except that those forms of syndicated ownership do not qualify for one of the most advantageous real estate tax benefits available in the U.S.: 1031 exchanges.

Also known as like-kind exchanges, 1031 exchanges allow investors to defer taxes on capital gains at the time real property investments are sold if the net equity is reinvested into a similar investment property of the same or greater value. With a 1031 exchange, an apartment building can be exchanged for a warehouse, a warehouse for a piece of raw land, a piece of raw land for a single-family rental property, etc.

The net effect of 1031 exchange investing: The initial invested capital and the gain can continue to grow, potentially, without immediate tax consequences. Then, if and when the new investment is sold without the equity reinvested in another exchange property, the prior gain would be recognized. There are some finer points, and investor

NPR Topics: BusinessJul 07, 2020
Bars Struggle After Being Forced To Close Again During Pandemic
After allowing bars to reopen, some states and counties are forcing them to close after COVID-19 cases surge. Bar owners are struggling to balance safety and health risks with economic realities.

Google Business NewsJul 07, 2020
India Surpasses Russia In Reported Coronavirus Infections : Coronavirus Live Updates - NPR
India Surpasses Russia In Reported Coronavirus Infections : Coronavirus Live Updates  NPRCoronavirus: India overtakes Russia in Covid-19 cases - BBC News  BBC NewsCoronavirus: India's big city outbreaks lead to record rise in cases  The GuardianIndia tallies third-highest coronavirus cases but death rate low  ReutersCOVID-19: India

MarketWatchJul 06, 2020
Coronavirus update: U.S. cases reach 2.9 million and death toll tops 130K, as 38 states see cases on the climb
New coronavirus cases continue to surge Monday, with the U.S. re-emerging as a global hot spot, while Wall Street continues to defy the dangers after President Donald Trump over the weekend played down the threat of COVID-19.

SHRM HR NewsJul 06, 2020
Seattle Enacts Paid-Sick-Leave Law for Gig Workers During COVID-19 Crisis
The Seattle City Council enacted an ordinance that temporarily provides paid sick and safe time to gig workers for online-based food-delivery services and drivers for transportation network companies with 250 or more gig workers worldwide.
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