• Quotes
  • Shortcuts
The Executive's Internet
Tues, July 14th
editor corner icon Editor's Corner | Archive
How to Make Your Brand More Cohesive: Learn tips for early business growth and branding. Patricia
icon
GoogleAmazonWikipedia
site of the day icon Site of the Day | Archive
Broadcastify
The world's largest source of public safety, aircraft, rail, and marine radio live audio streams


spacerspacer

 

 BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
FT.com - USJul 14, 2020
Coronavirus latest: South Korea slashes ambition to achieve steep rise in minimum wage
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm

MarketWatchJul 14, 2020
Associated Press: China protests as U.S. rejects its South China Sea claims
The Chinese Embassy in Washington said that a statement issued by U.S. Secretary of State Mike Pompeo deliberately distorts the facts and disregards the efforts of China and the others to achieve peace and stability in the South China Sea.

USA Today MoneyJul 14, 2020
Can shopping malls survive the coronavirus pandemic and a new slate of permanent store closings?
COVID-19 is putting the future of malls in jeopardy with JCPenney, Victoria's Secret and others planning to close stores or filing for bankruptcy.       

MarketWatchJul 14, 2020
Europe Markets: European stocks flop on worries over California lockdown
European stocks slipped on Tuesday, reversing the previous day's gains on worries about the state of California shutting down.

Google Business NewsJul 14, 2020
Red paint splashed on Black Lives Matter mural in front of Trump Tower - NBC News
Red paint splashed on Black Lives Matter mural in front of Trump Tower  NBC NewsNYPD officer filmed using Taser against black protester  The IndependentComet, baby panda, Black Lives Matter: World in Photos, July 13  ABC NewsBlack Lives Matter Street Painting Is Rejected in Catskill, N.Y.  The New York TimesPro-Police Agitators and Black Lives Matter Protesters Clas

FT.com - USJul 14, 2020
Stocks drop as US states roll back economic reopening plans
Investors lodged in ‘zone of uncertainty' as country's coronavirus outbreak worsens

FT.com - USJul 14, 2020
Deals slowdown threatens to squeeze venture capital liquidity
US start-ups set to complete lowest number of sales or IPOs since 2011

Google Market NewsJul 14, 2020
America shuts down again -- choosing reality over Trump's false claims - CNN
America shuts down again -- choosing reality over Trump's false claims  CNNDonald Trump Jr's new anti-Biden book misplaces apostrophe in title  The GuardianForecast: The race between Biden and Trump is within the true margin of error  CNNDemocratic task force miles behind Donald Trump in the campaign trail | TheHill  The Hill

Google Business NewsJul 14, 2020
Tucker Carlson addresses ex-staffer's racist posts, says he will take 'long-planned' vacation - CNN
Tucker Carlson addresses ex-staffer's racist posts, says he will take 'long-planned' vacation  CNNTucker: Imagining an America without police  Fox NewsTucker Carlson Attacks "Ghouls" Over Fired Fox News Writer Blake Neff's "Wrong" Racist Online Posts, Announces Vacation  DeadlineSpeak Out: Tucker Carlson's criticism of Tammy Duckworth was unwarranted  Chicago Tribune

CNBC FinanceJul 14, 2020
Stock futures nudge higher ahead of bank earnings
Bank earnings kick off on Tuesday with Citigroup, JPMorgan Chase and Wells Fargo all set to report before the opening bell.

CNBC BusinessJul 13, 2020
Drugmakers will start coronavirus vaccine production by end of summer, Trump health officials say
The manufacturing process is already underway even though they aren't sure which vaccine, if any, will work, a senior Trump administration official told reporters Monday. He said they are already buying equipment, securing the manufacturing sites and, in some cases, acquiring the raw materials.

RELATED ARTICLES
California closes indoor restaurants, movie theaters and all bars statewide as coronavirus cases rise (CNBC Business)

Google Business NewsJul 13, 2020
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due - Investor's Business Daily
Dow Jones Futures: What To Do After Coronavirus Stock Market Rally, Tesla Reverse Lower; JPMorgan Earnings Due  Investor's Business DailyS&P 500 and Nasdaq end lower after sharp drop in tech titans  Reuters UKStocks surrender gains after California rolls back coronavirus reopenings  Fox BusinessDow surges then fizzles after stocks briefly turn positive for 2020  CNNS&P 500 and Nasdaq end lower after sharp drop in tech titans  Kitco NEWS

RELATED ARTICLES
The Fate of Nikola (NKLA) Stock Remains Up in the Air (Yahoo Business)

Yahoo BusinessJul 13, 2020
3 "Strong Buy" Penny Stocks That Could Deliver Massive Returns
Investor focus has landed squarely on the surge in new COVID-19 cases and its threat to economic reopenings, but there's another possibility being ignored. According to Morgan Stanley equity strategist Mike Wilson, even though the market is expecting economic activity to decline, earnings could get a major boost."Cautious investors may be overlooking the potential for operating leverage to fuel an earnings rebound... Aggressive cost-cutting in a downturn is what creates the powerful operating leverage when the economy recovers," Wilson commented.While unemployment has skyrocketed during the coronavirus crisis, Wilson argues operating leverage was already dropping before the pandemic's onset. "It's also a classic feature of late-cycle economic expansions. My point is that many companies were already exhibiting negative operating leverage pre-COVID-19. This gives me confidence that Q2 will likely be the trough for earnings growth," he explained.Bearing this in mind, some investors are on the hunt, looking to snap up compelling names before shares re-embark on an upward trajectory. For the more risk-tolerant, focus has locked in on penny stocks, or tickers trading for less than $5 per share. The appeal is clear; the bargain price tag means you can get more bang for your buck and even what feels like inconsequential share price appreciation can result in huge percentage gains.What's the flip side? Minor share price depreciation can fuel major percentage losses. By nature of these massive movements, penny stocks are no

RELATED ARTICLES
The 5G Revolution Could Send These 3 Stocks Higher (Yahoo Business)
3 Safe Dividend Stocks Yielding 5%; Piper Sandler Says ‘Buy' (Yahoo Business)

CNBC FinanceJul 13, 2020
China says the latest U.S. move is aggravating tensions in the South China Sea
The U.S. State Department said Monday that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them."

RELATED ARTICLES
US rejects Beijing's claim to South China Sea, deepens Chinese anger - New York Post (Google Business News)

Google Market NewsJul 13, 2020
WHO warns coronavirus pandemic may get 'worse and worse and worse' | TheHill - The Hill
WHO warns coronavirus pandemic may get 'worse and worse and worse' | TheHill  The HillUS Grapples with Pandemic as WHO Warns 'No Return to Normal'  Snopes.com'Too many countries are headed in the wrong direction,' WHO warns  NBC NewsWHO: virus will get 'worse and worse'  Reuters

CNBC FinanceJul 13, 2020
Stocks making the biggest moves after hours: Tesla, BioNTech, Moderna and more
See which stocks are posting big moves after the bell.

The Motley FoolJul 13, 2020
Pfizer and BioNTech Get "Fast Track" Designation for 2 COVID-19 Vaccines
The companies expect to manufacture 100 million doses by the end of 2021.

RELATED ARTICLES
Stock market news live updates: Stocks jump after Pfizer, BioNTech fuel Covid-19 vaccine hopes (Yahoo Business)
Pfizer, BioNTech Score Fast Track Status For Covid-19 Vaccine Candidates (Yahoo Business)

Yahoo BusinessJul 13, 2020
Hedge fund manager Singh calls Trump's handling of coronavirus 'an incredible gift'
Trump has justified his public assurances that the virus will quickly go away by arguing he needs to be "a cheerleader" for the United States to avoid creating "havoc and shock." The United States has the highest number of confirmed coronavirus infections and deaths in the world. "We simply never believed 'what happens in China stays in China,'" Singh wrote in a letter to investors last week that was seen by Reuters.


Google Business NewsJul 13, 2020
Asia markets fall amid coronavirus fears, China-U.S. friction - MarketWatch
Asia markets fall amid coronavirus fears, China-U.S. friction  MarketWatchDow surges then fizzles after stocks briefly turn positive for 2020  CNNHere's what happened to the stock market on Monday  CNBCDocuSign Joins the Nasdaq-100. Does That Make It a Buy?  The Motley Fool

Yahoo BusinessJul 13, 2020
Did Hedge Funds Make The Right Call On Amarin Corporation plc (AMRN) ?
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]


Google Market NewsJul 13, 2020
Black Lives Matter street mural in front of Trump Tower vandalized with red paint, quickly repainted - USA TODAY
Black Lives Matter street mural in front of Trump Tower vandalized with red paint, quickly repainted  USA TODAYNYPD officer filmed using Taser against black protester  The IndependentBlack Lives Matter Street Painting Is Rejected in Catskill, N.Y.  The New York Times

SEC.gov Updates: News DigestJul 13, 2020
4 - LINK VENTURES, LLLP (0001744548) (Reporting)
2020-07-13 0000899243-20-019046 18 KB

RELATED ARTICLES
3 - Insight Venture Partners Growth-Buyout Coinvestment Fund (Cayman), L.P. (0001641177) (Reporting) (SEC.gov Updates: News Digest)

CNBC BusinessJul 13, 2020
Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000
Ford is squarely positioning the new Bronco SUV against the Jeep Wrangler, which dominates off-road vehicle sales and supports a profitable accessory business for Fiat Chrysler.

RELATED ARTICLES
Ford Reveals New Bronco After 24 Years Off the Market (Wall Street Journal US Business)
2021 Ford Bronco revealed: Revived SUV boasts features to make Jeep SUV owners envious (USA Today Money)

MarketWatchJul 13, 2020
Key Words: As COVID-19 cases surge in the U.S., Trump administration turns ire on Democrats, media — and Anthony Fauci
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he has not briefed the president since June 2.

RELATED ARTICLES
Surge in U.S. coronavirus cases causes testing delays across the nation as labs scramble to keep up (CNBC Business)

Google Business NewsJul 13, 2020
House Democrats ask Supreme Court to speed things up in Trump financial docs cases - CNN
House Democrats ask Supreme Court to speed things up in Trump financial docs cases  CNNIt Wasn't Roberts That Changed This Term. It Was the Cases SCOTUS Heard.  SlateHouse to quickly revive legal effort to get Trump's financial records  POLITICOA plea for restraint from Congress | TheHill  The Hill

MarketWatchJul 13, 2020
: Tucker Carlson lashes out at those who exposed writer's racist posts
Fox News' Tucker Carlson said Monday that his former writer who posted racist comments online was wrong but criticized "ghouls now beating their chest in triumph" after his staffer's resignation.

Google Business NewsJul 13, 2020
These stunning pictures captured Comet Neowise soaring through the sky. Here's how you can see it for yourself - CNN
These stunning pictures captured Comet Neowise soaring through the sky. Here's how you can see it for yourself  CNNWhat's Up for July 13-19  WRAL.comHow to view comet NEOWISE at night, and in the morning  WCNCWeather Forecast: Perfect conditions to view Comet NEOWISE this week  KPAX-TVHow to watch for spectacular Comet Neowise - before it disappears for 6,800 years  USA TODAYView Full Coverage o

AdWeek NewsJul 13, 2020
After Nearly 25 Years, Ford Brings Back the Bronco
On Monday night, Ford officially revealed its highly anticipated Bronco brand, consisting of three new vehicles, each capable of being taken off-road into the proverbial wilderness, should drivers choose. The Bronco may be best remembered as the vehicle from perhaps the most infamous car chase in history: when O.J. Simpson sat in the back of...

Wall Street Journal US BusinessJul 13, 2020
New York & Co. Files for Bankruptcy, Will Close All Stores
The parent company of century-old women's apparel brand New York & Co. has filed for bankruptcy protection and plans to liquidate all its stores after being hurt by the coronavirus pandemic.

FT.com - USJul 13, 2020
SoftBank ready to do deals as shares soar to 20-year high
Chief operating officer Marcelo Claure boasts conglomerate is stronger than ever as he shifts attention to chipmaker Arm

Google Business NewsJul 13, 2020
Jupiter will be visible tonight; here's how to see it in Seattle - Seattle PI
Jupiter will be visible tonight; here's how to see it in Seattle  Seattle PIView Full Coverage on Google News

USA Today MoneyJul 13, 2020
New York & Company could close all stores as its parent company files for bankruptcy due to COVID-19 impact
Retailer New York & Company could close all of its stores as parent company RTW Retailwinds, Inc. files for bankruptcy protection due to coronavirus.      

RELATED ARTICLES
New York & Co. says it may close all 400 stores as parent files for bankruptcy - The Washington Post (Google Business News)

Google Business NewsJul 13, 2020
Huawei sees sharp growth slowdown as UK weighs ban on the Chinese giant from its 5G networks - CNBC
Huawei sees sharp growth slowdown as UK weighs ban on the Chinese giant from its 5G networks  CNBCHuawei: UK prepares to change course on 5G kit supplier  BBC NewsBritain toughens stance on China as it eyes U.S.  POLITICOWhat is Huawei and why is its role in UK's 5G so controversial?  The GuardianOpinion: Neil Mackay: How would an independent Scotla

Google Business NewsJul 13, 2020
Fox News's Tucker Carlson Rejects Writer's Posts and Critics' ‘Self-Righteousness' - The Wall Street Journal
Fox News's Tucker Carlson Rejects Writer's Posts and Critics' ‘Self-Righteousness'  The Wall Street JournalTucker: Imagining an America without police  Fox NewsTucker Carlson to Take 'Long-Planned' Vacation After Blake Neff's Resignation  The New York TimesTucker Carlson addresses ex-staffer's racist posts, says he will take 'long-planned' vacation  CNNTucker Carlson Announces 'Long-Planned Vacation' After Racist Writer's Resignation  Daily Beast

RELATED ARTICLES
The Wall Street Journal: Hong Kong Disneyland closes again as coronavirus cases increase (MarketWatch)

The Motley FoolJul 13, 2020
Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Sank Today
California's decision to reverse its reopening plans is an ominous sign for the beleaguered cruise industry.

Google Business NewsJul 13, 2020
Huawei: UK prepares to change course on 5G kit supplier - BBC News
Huawei: UK prepares to change course on 5G kit supplier  BBC NewsBritain set to ban Huawei from 5G  ReutersBritain to bar Huawei from its 5G wireless networks, part of a growing shift away from the Chinese tech giant  The Washington PostWhat is Huawei and why is its role in UK's 5G so controversial?  The Guardian

Chicago Tribune Business NewsJul 13, 2020
The US monthly budget deficit hit an all-time high of $864 billion in June, amid COVID-19 recession and mass unemployment
We're on track to hit a forecasted $3.7 trillion deficit for the whole year, which would surpass the previous annual record set during the 2008 financial crisis.

Google Business NewsJul 13, 2020
Dow futures rise 100 points ahead of bank earnings - CNBC
Dow futures rise 100 points ahead of bank earnings  CNBCS&P 500 and Nasdaq end lower after sharp drop in tech titans  CNAFor Nasdaq-rally skeptics, remember that momentum doesn't die easily  MarketWatchOpinion: For Nasdaq-rally skeptics, remember that momentum doesn't die easily  MSN Money

MarketWatchJul 13, 2020
Gov. Newsom orders all restaurants in California to pause indoor dining, joining New Jersey and New York City — so why is it so dangerous?
‘We're moving back into a modification mode of our original stay-at-home order," Gov. Gavin Newsom, a Democrat, said. ‘This continues to be a deadly disease.'

MarketWatchJul 13, 2020
NewsWatch: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

NPR Topics: BusinessJul 13, 2020
Red Ink Overflowing: In June, U.S. Borrowed A Typical Year's Worth
The federal deficit is ballooning as the government tries to cushion the blow from the coronavirus pandemic. June's shortfall totals $864 billion — more than in an entire typical year.

MarketWatch MarketPulseJul 13, 2020
Carnival leads cruise stocks lower after Wedbush cuts price target amid resurgence in COVID cases
Shares of Carnival Corp. dropped 1.8% in midday trading Monday, to buck the surge in the broader stock market, amid concerns over how the recent surge in COVID-19 cases will affect the timeline for restarting cruises in the U.S. Analyst James Hardiman at Wedbush cut his price target to $20 from $29 while reiterating his neutral rating, in the wake of the cruise operator's announcements last week that three of its AIDA Cruises will start resailing in August, and that cumulative advance bookings for 2021 remained within historical ranges, although at lower prices. "While a legitimate target for the restart of the AIDA brand is encouraging, we can't help but think that we remain a far distance away from operations resuming in the United States given a resurgence in COVID-19 cases as well as halted (in some instances reversed) economic reopenings," Hardiman wrote in a note to clients. Other cruise stocks were also falling Monday, with Royal Caribbean Cruises Ltd.'s down 0.9% and Norwegian Cruise Line Holdings Ltd.'s losing 1.7%. Over the past three months, Carnival's stock has rallied 38.1%, Royal shares have shot up 54.2% and Norwegian shares have soared 42.3%, while the S&P 500 has gained 16.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



FT.com - Financial MarketsJul 13, 2020
Wall Street higher as tech and consumer goods stocks rally
Tesla surges to become 10th most valuable publicly traded US company

Google Business NewsJul 13, 2020
20 Michigan junior colleges moving most fall, winter sports to spring for 2020-21 - MLive.com
20 Michigan junior colleges moving most fall, winter sports to spring for 2020-21  MLive.comClose contact junior college fall sports moved to spring nationwide  KETKnbcNo fall sports at Utah junior colleges: NJCAA pushes most athletics to spring  KSL.comUPDATE: Mississippi community colleges not happy with national move of fall football to spring  WTVANJCAA announces junior college fall sports, including football, will

Yahoo BusinessJul 13, 2020
UPS: Can New CEO Improve Profit Margins in B2C Segment? Analyst Weighs In
Unlike other industries, the coronavirus' impact on parcel delivery services has been more nuanced. The drop in volume for the traditionally more profitable B2B segment has been countered by the massive increase in B2C deliveries, which are typically more margin tight. So much so, these companies are finding it difficult to meet demand.This is true of package delivery giant United Parcel (UPS). In normal times, the mix between B2C and B2B is evenly split, but by the end of March, the pandemic resulted in the B2C segment boasting 70% of delivery volume.In a recent note to clients, Credit Suisse analyst Allison Landry ponders how the increasing volume in a less profitable segment impacts UPS.Landry said, "UPS is at an existential crossroads with COVID having pulled forward what was initially expected to be 8-10 years of B2C/residential mix into just a few short months… The margin erosion from higher cost B2C has long been problematic - amplified by the massive upswing in capex required to more efficiently handle these volumes - but the good news, in our view, is that the profound pandemic-driven acceleration in mix will force a permanent, structural pricing tailwind in the domestic parcel market."The other good news, according to Landry, is United Parcel's recent appointment of new CEO Carol Tomé. The ex-Home Depot CFO brings with her extensive experience, a proven track record, as well as a reputation for improving performance. Tomé was instrumental in making Home Depot one of the be

Wall Street Journal US BusinessJul 13, 2020
U.S. 12-Month Deficit Hits $3 Trillion as Virus Stimulus Spending Soars
The U.S. budget deficit reached $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on pace to register the largest annual deficit as a share of the economy since World War II.

USA Today MoneyJul 13, 2020
Will Walmart require shoppers to wear masks nationwide? CEO says mandate is 'something on our minds'
Walmart CEO Doug McMillon said Monday the retailer currently requires masks at 3,700 stores and a national mandate is "something that's on our minds."       

NYTimes BusinessJul 13, 2020
‘I Can't Keep Doing This:' Small-Business Owners Are Giving Up
More owners are permanently shutting their doors after new lockdown orders, realizing that there may be no end in sight to the crisis.

Google Market NewsJul 13, 2020
Report: Apple faces nearly $1 billion penalty from Samsung for ordering too few OLED screens - 9to5Mac
Report: Apple faces nearly $1 billion penalty from Samsung for ordering too few OLED screens  9to5MacApple Pays Samsung an Estimated $950 Million for Missing OLED Panel Purchase Targets  MacRumorsApple reportedly paid Samsung a $950 million penalty for not ordering enough OLED panels  CNETApple pays Samsung estimated $950M for missing OLED purchase targets  AppleInsider

MarketWatch MarketPulseJul 13, 2020
Mohawk Industries accused of fabricating sales, other violations; stock falls 8%
Shares of Mohawk Industries Inc. fell more than 8% in the extended session Monday after the maker of carpets and other floor covering products said it is being sued for federal securities law violations and it is under a SEC investigation for those alleged violations. Debt ratings Moody's Investors Service added to the company's woes by calling the allegations, which include claims that the company fabricated sales figures, "credit negative and suggest aggressive business practices and potential corporate governance weaknesses." For the time being, however, Moody's kept its investment-grade Baa1 ratings on Mohawk's debt "because the company has good liquidity bolstered by recent debt offerings and the allegations will take time to litigate," Moody's said. Mohawk intends to "vigorously defend itself" in the lawsuit, it said in a filing Monday. A complaint was filed on June 29 against the company and Chief Executive Jeff Lorberbaum, Mohawk said. It alleges that the company fabricated revenue by attempting delivery to customers that were closed and recognizing these attempts as sales, that it overproduced goods to report higher operating margins and maintained "significant" inventory that it knew it couldn't sell, and valued some inventory improperly or improperly delivered inventory knowing that it was defective and customers would return it, the company said in the filing. Mohawk said that on June 25 it received subpoenas from the U.S. Attorney's Office for the Northern District of Georgia and the SEC "on topics similar to those raised" by the complaint. The company is cooperating with those authorities, it said in the filing. Shares of Mohawk ended the regular trading day up 8.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJul 13, 2020
Market Snapshot: Nasdaq, S&P 500 end lower as coronavirus cases rise and tech stock fall, erasing rally sparked by renewed vaccine hopes
Stocks closed mostly lower Monday, with the Dow booking a modest gain, after technology stocks fell and rising coronavirus cases led California's governor to order businesses across the state to shutter once again.

RELATED ARTICLES
Nasdaq sinks 2%, and broader stock market, ends negative in a stunning Monday reversal in final hour of trade (MarketWatch MarketPulse)

NYTimes BusinessJul 13, 2020
U.S. Budget Deficit Surges to a Record $864 Billion: Live Market Updates


RELATED ARTICLES
The U.S. budget deficit soared to $864 billion in June, higher than all of 2019 (MarketWatch Breaking News)

FT.com - USJul 13, 2020
Tech groups and 18 states take on Trump over student visas
Complaints join legal challenge to rules hitting universities offering online-only classes

MarketWatchJul 13, 2020
The Ratings Game: Apple stock rallies toward another record high amid hope for iPhone trade-ins, China demand
Apple Inc. shares are up 3% in Monday trading and on track to record yet another record high after a pair of analysts chimed in with increasingly upbeat views of the smartphone giant.

USA Today MoneyJul 13, 2020
Dow rallies 500 points on vaccine hopes
U.S. stocks extended recent gains Monday, after investors weighed signs of progress for a coronavirus vaccine as new cases continue to surge.      

Yahoo BusinessJul 13, 2020
Moderna Jumps as Analyst Sees Over $5 Billion Vaccine Sales
(Bloomberg) -- Moderna Inc.'s experimental vaccine for Covid-19 could generate sales of more than $5 billion a year, Jefferies analyst Michael Yee said, initiating the stock at a buy.The shares jumped as much as 5.6% in Monday trading after the bullish review. A more than 230% surge for the stock since the start of the year has split Wall Street as to "what will happen or if the vaccine will even work," and investors are "hugely divided on valuation," Yee wrote in his note to clients."We believe the Street will be surprised to the upside if the Covid-19 vaccine works, gets approved by early 2021, and there are multi-billion dollars of purchase orders from USA and around the world," he said.With a 30,000 person late-stage study set to kick off sometime this month, Moderna's shot leads the pack in the race to get a vaccine to the world at large as the pandemic continues to spread.Yee predicts mRNA-1273, as the inoculation is known, will get "at least" an emergency use authorization by early next year. There are more than 20 candidates in human testing, while at least another 130 vaccines are in even earlier stages of development, according to the World Health Organization.The analyst assigned the biotechnology company a $90 price target, which is largely in-line with the $88 average price target of analysts tracked by Bloomberg. The Cambridge, Massachusetts-based company has 12 other buys and a single hold rating, while no analyst followed by Bloomberg currently rates it a sell.(Updates shares throughout)For more

RELATED ARTICLES
At PepsiCo, Quarantine Snacks Offset Drop in Soda Sales (Wall Street Journal US Business)

NPR Topics: BusinessJul 09, 2020
Joe Biden Lays Out His Economic Recovery Plan
Presumptive Democratic nominee Joe Biden unveiled his economic recovery plan Thursday. He outlined steps for immediate relief, with a focus on mobilizing manufacturing in the United States.

Private Equity Breaking NewsJul 07, 2020
Sequoia Capital India raises $1.35bn across new VC, growth fund pair
Sequoia Capital India has hauled in $1.35bn across a pair of new funds targeting venture capital and growth deals across southeast Asia.

Knowledge@WhartonMar 12, 2020
The Real Threat to Business Schools from Artificial Intelligence
As COVID 19, the new coronavirus, accelerates the drive toward online learning, how will business schools remain relevant in the age of AI? Anne Trumbore, senior director of Wharton Online, offers her perspective.
TRENDING TAGS
coronaviruscases latest rise vaccine California
stockMarket Tesla earnings Today rise
Stocksearnings rise European These Pfizer
ChinaSouth Sea sanctions claims lawmakers
Pandemiccoronavirus since worse sales shopping
TeslaStock Market Musk biggest S&P
COVID-19vaccine Pfizer BioNTech Positive Company
MarketStock Earnings coronavirus stocks Monday
fundHedge Right Did Make Call
Trumpadministration Black Lives Matter mural

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC