China’s strict zero-COVID policy was making headlines Monday after Apple and iPhone manufacturer Foxconn said over the weekend that restrictions are crimping production and will delay shipments of the high-end Read more
Tag: Biotechnology
Here’s why the Federal Reserve let inflation run up to a 40-year high and how it roiled the stock market this week
This has been a topsy-turvy week for investors as Federal Reserve Chairman Jerome Powell pulled the strings in the stock market with a strong dose of reality. As part of Read more
Pfizer-BioNTech bivalent booster shows higher immune response, but new COVID cases climb back above 40,000 a day
First the good news: Pfizer Inc. and Germany-based partner BioNTech SE said updated trial data for their omicron BA.4/BA.5-adapted bivalent booster showed a “substantially higher” immune response in adults than Read more
Short sellers hit back at Cassava lawsuit against them: ‘We stand behind everything we wrote’
The defendants in a defamation lawsuit brought by Cassava Sciences have hit back at the plaintiff, saying it’s one of the most “frivolous” lawsuits they’ve seen. Biotech company Cassava Sciences Read more
Moderna stock falls after earnings miss by a wide margin and company cuts sales outlook by up to $3 billion
Moderna Inc. shares moved lower Thursday, after the COVID vaccine maker posted far weaker-than-expected third-quarter earnings and lowered full-year sales guidance by up to $3 billion. The stock was last Read more
Opinion: Investors in drug stocks should ignore dubious valuations based on rigged methodologies
The investment firm Morningstar has announced that it will now pick drug stocks based upon each company’s vulnerability to poor reviews of their prices by the Institute for Clinical and Read more
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
China suspends access to zone around iPhone facility after workers flee COVID restrictions
China has suspended access to an industrial zone in the Central city of Zhengzhou after the city reported 64 COVID cases and workers who assemble Apple’s AAPL, +0.41% iPhone fled Read more
China suspends access to zone around iPhone facility after workers flee COVID restrictions
China has suspended access to an industrial zone in the Central city of Zhengzhou after the city reported 64 COVID cases and workers who assemble Apple’s AAPL, -1.18% iPhone fled Read more