AstraZeneca Plc’s (NYSE: AZN) vaccine didn’t likely cause the adverse events that suspended the late-stage human trials of the drug, according to Oxford University.
What Happened: Volunteers in the British drugmaker’s ChAdOx1 nCoV-19 vaccine trial developed unexplained neurological symptoms including changed sensation or weakness in limbs, according to a participant information document published by Oxford, which is co-developing the vaccine with AstraZeneca.
“After independent review, these illnesses were either considered unlikely to be associated with the vaccine or there was insufficient evidence to say for certain that the illnesses were or were not related to the vaccine,” Oxford said, as first reported by Reuters.
Independent reviewers recommended the vaccinations should continue after reviewing each of these cases, according to the document.
Why It Matters: AstraZeneca has resumed trials of the vaccine in the United Kingdom, India, South Africa, and Brazil.
Trials haven’t yet resumed in the United States. The Food and Drug Administration Commissioner Stephen Hahn said that his agency is “going to do very significant work with the company to figure out if there’s a significant safety issue or not.”
Moderna Inc (NYSE: MRNA) and Pfizer Inc (NYSE: PFE) are the likely frontrunners in the race for the COVID-19 vaccine.
Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates claimed Pfizer’s vaccine may get an emergency use license by the end of October, according to CNBC.
Price Action: AstraZeneca shares closed almost 0.3% lower at $55.13 on Wednesday and gained 0.13% in the after-hours session.
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© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Boss lures maids to home, chains 1 to bed; other dies trying to escape, TX cops say
After two maids were lured to their boss’ home Saturday, one died trying to escape and the other was found chained to a bed, Texas police say.
Both women worked as house cleaners at 59-year-old Jose Soriano’s Liberty County residence, KPRC reported. Police said Soriano told one of the women that he had revealing photos of her and that he would only delete them if she met him at his home, according to the outlet.
The two women went to Soriano’s home, but when they arrived, police said he sexually assaulted one of them and chained her by the ankle to the bed with a rope tied around her neck, KTRK reported.
The other woman — of whom Soriano claimed to have photos — tried to escape, but crashed her car while backing out of the driveway and it burst into flames, according to KHOU. When Soriano ran out of the house, he left his phone behind and the woman chained to the bed used it to call for help around 6:15 p.m., police said.
Police arrived and discovered the woman in the car was dead and badly burned, according to KHOU.
Her name has not been released, KPRC reported. The other woman was found still chained to the bed and taken to an area hospital for observation, according to the outlet.
Police said Soriano escaped the home in a gray Ford pickup, KTRK reported. He has not been located. Anyone with information on is whereabouts is asked to contact Liberty County Sheriff’s Office at 936-336-4500.
Liberty County is just northeast of Houston.
Has Akamai Technologies (NASDAQ:AKAM) Got What It Takes To Become A Multi-Bagger?
If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. In a perfect world, we’d like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it’s a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Akamai Technologies (NASDAQ:AKAM) we aren’t jumping out of our chairs at how returns are trending, but let’s have a deeper look.
Return On Capital Employed (ROCE): What is it?
Just to clarify if you’re unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Akamai Technologies is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)
0.098 = US$643m ÷ (US$7.2b – US$657m) (Based on the trailing twelve months to June 2020).
Thus, Akamai Technologies has an ROCE of 9.8%. On its own that’s a low return on capital but it’s in line with the industry’s average returns of 10%.
View our latest analysis for Akamai Technologies
Above you can see how the current ROCE for Akamai Technologies compares to its prior returns on capital, but there’s only so much you can tell from the past. If you’d like to see what analysts are forecasting going forward, you should check out our free report for Akamai Technologies.
What Can We Tell From Akamai Technologies’ ROCE Trend?
In terms of Akamai Technologies’ historical ROCE movements, the trend isn’t fantastic. Over the last five years, returns on capital have decreased to 9.8% from 13% five years ago. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It’s worth keeping an eye on the company’s earnings from here on to see if these investments do end up contributing to the bottom line.
The Bottom Line
Bringing it all together, while we’re somewhat encouraged by Akamai Technologies’ reinvestment in its own business, we’re aware that returns are shrinking. Since the stock has gained an impressive 55% over the last five years, investors must think there’s better things to come. However, unless these underlying trends turn more positive, we wouldn’t get our hopes up too high.
If you’d like to know about the risks facing Akamai Technologies, we’ve discovered 2 warning signs that you should be aware of.
While Akamai Technologies isn’t earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email email@example.com.
Finnish cruise ship evacuated after running aground in Baltic sea
A Finnish passenger cruise ship was evacuated on Sunday after it ran aground off the island of Aland in the Baltic Sea, the cruise line and emergency services said Sunday.
The ship was headed towards Stockholm from Turku in Finland and ran aground around 12:50 am local time (0950 GMT) outside the city of Mariehamn on the autonomous Finnish island of Aland near the Swedish coast.
“There are no personal injuries and no-one’s life is in danger, and the situation aboard is stable,” Eleonora Hansi, head of information for Viking Line Scandinavia, told AFP.
The ship, Amorella, is 169 metres long and does daily trips between Stockholm in Sweden and Turku in Finland.
Normally it carries between 1,800 and 2,000 passengers but due to the pandemic the number was heavily reduced, Hansi said.
“There are about 200 passengers and about 80 crew members onboard,” Hansi said.
Local media reported that passengers had gathered on deck and were wearing life jackets.
Broadcaster YLE also reported that according to the crew’s Mayday call, the ship had sprung “leaks in multiple locations” as a result of the impact.
Finnish maritime rescue services said on Twitter that the ship had moved closer to shore after the hit to “beach itself and stabilise the situation”.
“Amorella stands firmly on the bottom. The 281 people onboard are in not in immediate danger but the captain has decided that all extra people be evacuated from the ship,” the West Finland Coast Guard said.
Around 5:30 pm, the coast guard wrote on Twitter that all passengers had “been evacuated to shore,” and that part of the crew was “next to be evacuated”.
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