April 16th, 2025
Coronavirus Updates - Page 5
Australia Earmarks AUS$800 Million to Boost Tech Growth Including Blockchain
By Godfrey Benjamin
October 1st, 2020
The Australian government’s investment in tech and blockchain is viewed as a way to provide jobs for the citizens in these troubled times.
MRNA Stock Rises 3% in Pre-Market, Moderna Vaccine Study Reveals Positive Immune Response
By Godfrey Benjamin
September 30th, 2020
Moderna (MRNA) stock has positively reacted to the news about good results shown by the company’s COVID-19 vaccine candidate.
Pharmaceutical Company Regeneron’s COVID-19 Treatment Shows Impressive Results in Reducing Viral Levels
By Bhushan Akolkar
September 30th, 2020
The REGN-COV2 treatment offered to COVID-19 patients have shown good results in reducing the viral load even in patients with not so strong immune system.
Stocks Plunge, S&P 500 Faces Worst September since 2011: What’s Up on Market?
By Darya Rudz
September 21st, 2020
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
PFE Stock Soars 1.5% Now as Pfizer CEO Says Americans Could Get COVID-19 Vaccine Before the End of the Year
By Darya Rudz
September 14th, 2020
Following the announcement about the COVID-19 vaccine, Pfizer stock soared. On Friday, it closed 1.18% up, at $36.07 per share. In the early trading today, Pfizer shares are as much as 1.55% up, at $36.63.
U.S. Unemployment Claims Remain High Against Expectations
By Godfrey Benjamin
September 10th, 2020
With the job losses, the government institutionalizes aids for businesses in the form of the Paycheck Protection Program (PPP) as well as other unemployment benefits targeted to both businesses and families.
ABT Stock Up as FDA Approves Abbott Laboratories’ COVID-19 Antigen Test for Emergency Use Authorization
By Darya Rudz
August 27th, 2020
Abbott Laboratories’ coronavirus test, known as the BinaxNOW COVID-19 Ag Card, costs just $5 and provides results in 15 minutes without any lab equipment. It is highly reliable, with 97.1% sensitivity and 98.5% specificity.
American Airlines Said It Would Slash 19,000 Jobs in October if U.S. Aid Wasn’t Extended
By Darya Rudz
August 26th, 2020
American Airlines will fly less than 50% of its normal schedule in the fourth quarter. International flights will be reduced to only 25% of last-year levels.
JNJ Stock Up 0.45%, Johnson & Johnson to Conduct Coronavirus Vaccine Trial in September
By Bhushan Akolkar
August 21st, 2020
This will be the largest ever test so far on the coronavirus vaccine by any pharmaceutical giant. “We are using epidemiology and modeling data to predict and plan where our studies should take place and expect that to be finalized soon,” said Johnson & Johnson.
Jobless Claims in U.S. Tops 1 Million in a Week, New Report Shows
By Godfrey Benjamin
August 20th, 2020
Jobless claims in the United States of America have reached the number of 1 million. As the negotiations between Democrats and Republicans are not moving forward people out of job haven’t received help for weeks.
Gilead Sciences Says It Will Meet Global Remdesivir Demand by October, GILD Stock Price Is Rising
By Godfrey Benjamin
August 7th, 2020
Gilead has confirmed its capacities to produce Remdesivir in such volumes that will meet global demand. GILD stock is up.
U.S. $600 Unemployment Aid Comes to Its End, Americans React
By Tolu Ajiboye
August 4th, 2020
Republicans have kicked against an extension of the U.S. $600 unemployment boost. They referred to it as “disincentive to work.”
Coronavirus Pandemic Doesn’t Stop Wealthiest Families from Growing Their Fortunes
By Steve Muchoki
August 3rd, 2020
Despite the harsh economic conditions around due to the coronavirus market disruption, the world’s wealthiest families like the Waltons have seen their fortune skyrocket.
GLE Stock Down 3%, Societe Generale Languishes in Losses in Q2 Due to COVID-19
By Wanguba Muriuki
August 3rd, 2020
Societe Generale (SocGen) reported a net loss of about 1.26 billion euros ($1.48 billion) for Q2 2020 after missing market expectations as it set aside more capital to mitigate COVID-19-related negative impacts on its business. GLE stock is down.
Man in Florida Got $3.9 Million in PPP Check and Purchases New Lamborghini
By Godfrey Benjamin
July 28th, 2020
David Hines from Florida has been arrested for allegedly securing $3.9 million in PPP which he used for purchasing a $318,000 Lamborghini Huracan.