Senior citizens are among the most economically vulnerable in the country. A letter sent by The Senior Citizens League (TSCL) Chairman Rick Delaney to Congressional leaders illustrates the situation faced by some seniors. "We've heard from thousands of them (seniors) who have exhausted their retirement savings, who have started eating just one meal a day, stated cutting their pills in half because they can't afford their prescription drugs, to list just a few of the drastic steps so many have had to take because of what inflation has done to them this year."
A report says Novavax has failed to produce a vaccine with the purity levels demanded by the Food and Drug Administration.
Novavax (nvax) shares tumbled 16% in premarket action after Politico reported it faces significant hurdles in proving it can manufacture a shot that meets regulators' quality standards, citing three people with direct knowledge of the company's problems. The report said Novavax's troubles mean the international consortium known as COVAX is now likely to fall short of its 2 billion dose target to lower and middle-income countries by the end of 2022 by more than 1 billion doses. The report said Novavax's difficulties are more concerning than the analytics and testing issues disclosed in Securities and Exchange Commission filings.
Beauty is in the eye of the beholder -- and, in many cases, so is the appropriate valuation of a stock. Here's why they picked Cassava Sciences (NASDAQ: SAVA), Ocugen (NASDAQ: OCGN), and Moderna (NASDAQ: MRNA). Prosper Junior Bakiny (Cassava Sciences): Investors have been flocking to this clinical-stage biotech all year long, pushing its share price up by well over 600%.
MELBOURNE (Reuters) -Anglo-Australian miner Rio Tinto announced on Wednesday a $7.5 billion plan to reduce carbon emissions by 50% by 2030, a reduction three times greater than its previous target, but shares fell as investors reacted to the higher spend. As steel and iron ore producers continue their push to cut carbon emissions in line with global climate commitments by 2050, Rio said it sought to halve its scope 1 and 2 carbon emissions - direct emissions by the company and certain types of indirect emissions, respectively - by the end of the decade. Rio brought forward its target to 2025 for a 15% reduction in emissions from 2018 levels, five years faster than it had previously targeted.
Chinese electric vehicle maker Nio Inc (NYSE: NIO) may introduce its electric sedan ET7’s electric drive system to all models, cnEVpost reported on Tuesday, citing a Chinese news publication. What Happened: The Shanghai-headquartered Nio may bring the second-generation electric motor to other models such as the ES8, ES6 and EC6, as per reports coming from China. The electric drive system has a combined system power of 480kW — 180kW at the front and 300kW at the rear — and a peak torque of 850 Nm
The next decade could be a lost one — unless you do this.
WASHINGTON (Reuters) -Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. U.S. Senate Finance Committee Chairman Ron Wyden on Tuesday said the new $10,000 Internal Revenue Service reporting threshold, to be included in Democrats' sweeping "reconciliation" social spending and tax hike legislation, was chosen after consultations with the U.S. Treasury because it is a level frequently used in other bank reporting requirements.
Atea Pharmaceuticals said Tuesday its Merck-rivaling antiviral Covid pill missed in a midstage test, leading AVIR stock to crash.
After slipping through September, markets have been trending up again in October. One possible reason: better-than-expected results from the Q3 earnings reports so far. With results in from 41 companies listed on the S&P 500, aggregate earnings are up more than 40% year-over-year. These solid results come even as revenues are down 13% yoy. Of the companies that have reported so far, 85% beat the anticipated EPS, while 70% beat on revenues. With these results, it should come as no surprise to see
In this article, we discuss top 10 stocks in Goldman Sachs portfolio . If you want to skip our detailed analysis of the firm’s history, investment philosophy, and hedge fund performance, go directly to Goldman Sachs Stock Portfolio: Top 5 Stocks. The Goldman Sachs Group, Inc. is one of the world’s leading investment banking and […]
Among Facebook, Apple, Amazon, Netflix, and Alphabet are a trio of stocks expected to head significantly higher over the next 12 months.
After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $10,000 mark instead of covering transactions above a $600 threshold, will, if it passes, win over critics and help the IRS catch tax cheats. In the Biden administration’s bid to ensure rich households pay their full tax bill, they proposed months ago that bank, loan and investment accounts report to the IRS on their customers’ aggregate “inflow” and “outflow” above the $600 point on a yearly basis.
Moderna (NASDAQ: MRNA) stock might look a bit expensive these days. At the same time, some investors wonder whether Moderna may have reached peak sales of its coronavirus vaccine. Right now, it's too early to predict if and when coronavirus vaccine sales will slow.
And what does it means for the future of the housing market?
GAINERS: Tilray (NASDAQ:TLRY) shares closed up 15.79% at $11.66 with an estimated market cap of $5.4B. HEXO (NASDAQ:HEXO) shares closed up 14.79% at $1.94 with an estimated market cap of $536.6M. Auxly Cannabis Group (OTC:CBWTF) shares closed up 14.19% at $0.19 with an estimated market cap of $160.7M. Charlottes Web Holdings (OTC:CWBHF) shares closed up 9.89% at $2 with an estimated market cap of $254.0M. Canopy Growth (NASDAQ:CGC) shares closed up 8.64% at $14.34 with an estimated market cap of
The maker of cloud-based collaboration tools for business teams enjoyed tailwinds from two separate events today. First, Asana's chief product officer, Alex Hood, was featured on the popular Inspired Execution podcast. Hood used this platform to highlight the disruptive potential of Asana's voice recognition and natural language processing systems.
Although the computer chip shortage wrecked third-quarter auto sales by causing third quarter auto sales to tumble, the market still finds an investment in Ford (NYSE: F) to be intriguing. Ford's sales for the period were hurt along with most everyone else's, but it was actually able to beat expectations and management says sales improved as the quarter progressed. Because the automaker also continued its dominance in the truck market and sales of its electric vehicles are revving up, it's no wonder everyone is talking about Ford's stock.
The stock market might be near all-time highs, but some Wall Street firms are still finding major growth opportunities.
Electric vehicles are cool and some of the features EV buyers can purchase are interesting, even if they are a little odd.