Month: September 2020

USA TODAY reached out to tax attorneys and legal experts to get their reaction to the New York Times report on Trump’s taxes. Here’s what they said. …read more […]

Results from an early safety study of Moderna Inc’s coronavirus vaccine candidate in older adults showed that it produced virus-neutralizing antibodies at levels similar to those seen in younger adults, with side effects roughly on par with high-dose flu shots, researchers said on Tuesday. The study, published in the New England Journal of Medicine, offers a more complete picture of the vaccine’s safety in older adults, a group at increased risk of severe complications from COVID-19. The findings are reassuring because immunity tends to weaken with age, Dr. Evan Anderson, one of the study’s lead researchers from Emory University in …read more […]

Put one “Battery Day” in the books, folks. On Tuesday, Sept. 22, CEO Elon Musk finally held his long-awaited presentation running down everything Tesla (TSLA) plans to do over the next decade to cut the cost of batteries, and extend the range (and lower the price) of Tesla’s electric cars.One of the key revelations: In an effort to accelerate the conversion of 300 million American cars from gasoline engines to electric, Tesla is pioneering a method of using “table salt (sodium chloride) to basically extract the lithium” … from 10,000 acres of Nevadan clay, ensuring plentiful supply of the metal …read more […]

The first rule that applies to healthcare developers is: “do not mess with the FDA.” Case in point: Shares of vaccine maker Inovio (INO) crashed by 33% over the past two trading sessions, as a result of the FDA halting the planned Phase 2/3 clinical trial of its DNA COVID-19 vaccine candidate INO-4800.The study has been put on hold, with the FDA citing the need for more questions regarding the trial. Inovio stated it will address the questions in October, following which, the FDA has 30 days to decide whether the trial can go ahead.Inovio’s shares have been subject to …read more […]

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According to a report from Bloomberg, a group of 60 scientists have recommended that Pfizer withhold its vaccine until November for safety and efficacy. Yahoo Finance’s Anjalee Khemlani joins The Final Round to discuss the latest on the coronavirus. …read more […]

Lonza is confident that U.S. and Swiss plants it is building to help make Moderna’s COVID-19 vaccine candidate will be ready for commercial production this year, executives at the Swiss company said on Tuesday. New production lines at Lonza’s site in Portsmouth, New Hampshire, aim to start making vaccine ingredients in November, while three lines in Visp, deep in a valley in the Swiss Alps – to supply 300 million vaccine doses annually – should begin delivering by December. …read more […]

Despite the recent volatility, many names in the semiconductor sector have mounted outsized gains since the historic March lows. But not memory giant Micron (MU). Weighed down by macro elements which have resulted in a lack of demand and the loss of a major source of revenue due to the ban on Huawei, MU shares are still in the red for 2020. Micron will have an opportunity to reverse course when the company releases F4Q earnings after the market closes today. The company has already pointed out what to look out for in a recent business update. Most concerning for …read more […]

(Bloomberg) — A wildfire that jumped across California’s famed Napa Valley forced the evacuation of an entire wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco reached more than 42,500 acres as of Tuesday morning, nearly quadrupling in size over 24 hours, and is 0% contained, according to the California Department of Forestry and Fire Protection, or Cal Fire. A second fire that erupted in Shasta County has killed at least three people.The blazes broke out after a weekend of hot weather with dry …read more […]

It’s been a good pandemic for the U.S. tech giants.
The Nasdaq, which is dominated by the tech leaders, has surged 27.7% since the start of the year.
Conventional wisdom has it that U.S. tech giants like Apple, Amazon, Facebook, Google and Microsoft will continue to dominate the internet.
And for most of the internet world, this is true.

Click here to watch Nicholas’ latest video update.
Yet there’s a whole other internet boom out there.
Its size easily rivals that of the U.S.-based one…
But you hear few investors talking about it.
It’s the internet boom taking place in the second-largest economy in the world: China.
Luckily, thanks …read more […]

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Will the stock market tank after the first presidential debate? Here’s what the data shows. …read more […]

(Bloomberg) — Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium Ltd.’s top executive.“The industry’s going to have some challenges as higher purity lithium compounds are required — they’re going to have to reinvent themselves,” Standard Lithium Chief Executive Officer Robert Mintak said in a phone interview. “We’re not going to be saddled with 20-year-old processes and refining capabilities.”The soft silvery-white metal is a vital ingredient in rechargeable batteries of electric vehicles, including those made by Tesla Inc., and Mintak sees both challenges …read more […]

Space, the final frontier. Throughout history, the expanse that exists beyond Earth has captivated people all over the world, with space exploration continuing to take giant leaps forward since Apollo 11 first landed on the moon.Now, outer space has peaked Wall Street’s interest. Given the high levels of private funding and advances in technology, the pros argue there could be major implications should space become more accessible and less expensive to reach. To this end, new markets such as satellite broadband, high-speed product delivery, reusable rockets and human space travel are emerging.Speaking to the potential opportunity, according to a recent …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 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 June 30th, when the S&P 500 Index was trading around the […] …read more […]