Connect with us

General Other

China to begin trials of nasal spray vaccine; Fauci warns on 2nd wave

mm

Published

on

Confirmed coronavirus cases. (David Foster/Yahoo Finance)

China, one of the worldwide leaders in the race to produce an effective COVID-19 vaccine, is deploying a nasal spray inoculation that has been approved to begin Phase 1 clinical trials in November.

The trial is recruiting 100 individuals to participate, and joins the growing number of Chinese inoculation candidates already in queue. Beijing has been particularly aggressive on the vaccine front, and is already delivering vaccines to the general population prior to completion of clinical trials. Russia is also doing the same.

With the ongoing global pandemic claiming more than 900,000 lives and infecting more than 28 million, nations are locked in a race to prove the strength of their biotech sectors. They are identifying multiple avenues to a successful coronavirus vaccine in record time — simultaneously ratcheting up geopolitical rivalries and putting intense pressure on the companies at the forefront of the effort.

Different delivery formats are also need in the U.S. In late August, Operation Warp Speed officials told reporters the door is not closed on funding additional vaccine candidates, and that different technologies as well as different delivery methods are on the table.

While most vaccines are injectable, there are others that exist in different methods. While not available in the U.S., an oral polio vaccine is used in some parts of the world, for example.

And some flu vaccines can be delivered through a nasal spray— an important precedent as experts warn the coronavirus could be require seasonal shots. However, Dr. Dara Kass, a physician and Yahoo medical contributor, told Yahoo Finance on Friday that nasal sprays are generally not as effective as other means of delivery.

Fauci warns about rest of the year

The loosening of restrictions across the U.S., including New York City’s latest push to reopen indoor dining at the end of the month, underscore how new infections appear to be leveling off. Yet as fears rise over the flu season converging with a second wave, a new report from the U.S. Centers for Disease Control and Prevention highlights the risk associated with indoor dining.

At a Harvard University event Thursday, Anthony Fauci, the nation’s top infectious disease expert, warned against repeating mistakes made at the start of the pandemic, as the country enters the fall, and as certain parts of the country continue to struggle to contain the virus.

Fauci, the director of the National Institute of Allergy and Infectious Diseases, said he was depressed by the country’s current trajectory, and inability to curb the first wave.

“I keep looking at that curve [of reported cases], and I get more depressed and more depressed about the fact that we never really get down to the baseline that I’d like,” he said.

The U.S.’s helter-skelter response has fanned criticism about activities involving large groups, especially with the election season heading into the home stretch. National Institutes of Health director Francis Collins commented on the most recent campaign rally for President Donald Trump, where many were packed together.

Collins told CNN he was puzzled and disheartened by the actions of the some of the attendees, and that it didn’t make sense.

“Imagine you were an alien who landed on planet Earth and you saw that our planet was afflicted by an infectious disease and that masks were an effective way to prevent the spread,” Collins said.

“And yet when you went around you saw some people not wearing them, and some people wearing them, and you tried to figure out why, and it turned out it was their political party. And you would scratch your head and think this is just not a planet that has much promise for the future,” he added.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General Other

evidence shows huge mail slowdowns after Trump ally took over

mm

Published

on

evidence shows huge mail slowdowns after Trump ally took over
Photograph: Reuters

The United States Postal Service (USPS) saw a severe decline in the rate of on-time delivery of first-class mail after Louis DeJoy took over as postmaster general, according to new data obtained by the Guardian that provides some of the most detailed insight yet into widespread mail delays this summer.

Related: Trump doesn’t seem to understand how voting works. Here’s what you need to know

Shortly after taking the helm, DeJoy – a major Republican donor with no prior USPS experience – implemented operational changes he said were intended to make the financially beleaguered agency more efficient. Those changes included an effort to get USPS trucks to run on time and limiting extra trips to transport late mail, with the result that mail was often left behind.

Many critics have noted that DeJoy chose to make these changes at the worst possible time, in the midst of a pandemic and months ahead of a presidential election in which a record number of people are expected to vote by mail.

In late August, DeJoy announced he was putting the changes on hold until after the election, and last week a federal judge in Washington blocked USPS from implementing them. The changes were clearly aimed at “voter disenfranchisement”, given the increased role USPS will play in this year’s presidential election, the US district judge Stanley Bastian wrote in his ruling.

“It is easy to conclude that the recent Postal Services’ changes is an intentional effort on the part the current Administration to disrupt and challenge the legitimacy of upcoming local, state, and federal elections,” Bastian wrote.

Map of USPS first-class on-time delivery rates dropping just weeks after DeJoy was appointed.

Describing the data, Philip Rubio, a history professor at North Carolina A&T university who is also a former postal worker, said: “This is a remarkable graphic illustration that reveals the decline of on-time first-class mail from the very first day after Postmaster General DeJoy’s policies were announced and implemented.”

“Not only do we see the national picture for first-class mail delivery worsening over time after DeJoy’s policies become effective, but we also see locally conditions varying and even emerging for the worse.”

Of note, some areas in key swing states saw significant declines in on-time delivery rates of first-class mail. In the postal district for northern Ohio, on-time delivery rates dropped as low as 63.60% in mid August. In the Detroit postal district, on-time delivery fell to 61.01% the same month.

USPS has pledged to facilitate timely delivery of mail-in ballots for the election and work closely with election officials to ensure that happens. But the relationship has been rocky recently; some election officials fumed when the agency sent out a mailing to every household with information about mail-in voting without thoroughly consulting with them. The generalized mailer was misleading for voters in the handful of US states that automatically mail all registered voters a ballot.

Although DeJoy’s changes have been paused until after the election, the new data shows that first class mail continued to be delivered late across the country after his reversal. In the Baltimore postal district, for example, the on-time delivery rate remained at less than 60% at the end of August.

“Unfortunately, even though on-time performance improved after those changes were put on pause, delivery speed is still well below normal and far below the postal service’s own targets,” said Steve Hutkins, a professor at New York University who runs Save The Post Office, a blog that monitors the agency.

“The harms that were done have not yet been undone.”

David Partenheimer, a USPS spokesman, declined to comment specifically on the data, citing ongoing litigation. USPS released a statement on Friday saying that on-time delivery for first class mail continued to improve in September and that on time departures for trucks continued to improve.

“The improvements are a result of the Postmaster General’s commitment to drive operational discipline and improve efficiencies across processing, transportation and delivery,” the agency said in its statement.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

General Other

Emmy Awards Drop to New Low in Early Numbers

mm

Published

on

Emmy Awards Drop to New Low in Early Numbers

They Emmys are in line for their lowest ever viewership once again.

According to early numbers, last night’s show, hosted by Jimmy Kimmel, scored a 1.0 rating among adults 18-49 and drew only 5.1 million total viewers. While those numbers will increase later in the day as more accurate information comes in, they still represent roughly a 14% dip in total audience from last time around.

Last year marked a historic low for TV’s top awards shows, as a host-less ceremony on Fox delivered a massive 33% decline from the year before, scoring a 1.6 rating and drawing only 6.9 million viewers. For comparison, the previous four ceremonies before that were watched by 10.2 million viewers, 11.4 million viewers (in both 2017 and 2016) and 11.9 million viewers. That 6.9 million figure was roughly one third of the total pairs of eyeballs the Emmys drew as recently as 2013.

Sunday night’s ceremony could have been a flaming disaster, but by and large Kimmel managed to keep things together (especially considering he was leading proceedings from an empty Staples Center) and ABC produced a coherent show despite all kinds of COVID-19 related barriers.

It has to be noted that the Emmys faced even stiffer competition than usual on Sunday night, as the show aired against both NBC’s “Sunday Night Football” and the NBA Playoffs on the East Coast in the primetime window for the first time.

There was also no red carpet lead-in this year to get the audience excited for the show due to COVID-19, which likely played some part in producing these low numbers. The previous two Emmys on ABC both had “Emmys Red Carpet Live” as their lead-in.

The biggest winner on Sunday night was undoubtedly “Schitt’s Creek,” which swept all of the major comedy categories, including outstanding series. HBO triumphed over Netflix in the overall tally, thanks primarily to “Watchmen,” which landed a whopping 11 total awards. One of the biggest surprises of the night came in the lead actress drama category, where Zendaya broke through for her “Euphoria” performance, beating out previous winner Jodie Comer and Oscar-winner Olivia Colman.

Elsewhere on the Sunday, a thrilling NFL game between the Seattle Seahawks and the New England Patriots delivered 12.2 million viewers and a 3.5 rating in the early goings. While that obviously dwarfs the Emmys and pretty much everything else on Sunday night, it does in fact represent around a 17% drip from last weekend’s “SNF” opener.

CBS’ reality offerings were shifted by NFL overruns, as “Big Brother” scored a 1.2 rating inn the key demo and 3.5 million viewers, followed by “Love Island” with a 0.9 and 1.7 million viewers. The season premiere of “60 Minutes” drew 7.5 million viewers.

More to come…

More from Variety

Best of Variety

Sign up for Variety’s Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

General Other

Is Now The Time To Put Lockheed Martin (NYSE:LMT) On Your Watchlist?

mm

Published

on

earnings-and-revenue-history

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. But as Warren Buffett has mused, ‘If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.’ When they buy such story stocks, investors are all too often the patsy.

In contrast to all that, I prefer to spend time on companies like Lockheed Martin (NYSE:LMT), which has not only revenues, but also profits. Now, I’m not saying that the stock is necessarily undervalued today; but I can’t shake an appreciation for the profitability of the business itself. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.

Check out our latest analysis for Lockheed Martin

Lockheed Martin’s Earnings Per Share Are Growing.

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. It certainly is nice to see that Lockheed Martin has managed to grow EPS by 21% per year over three years. As a general rule, we’d say that if a company can keep up that sort of growth, shareholders will be smiling.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company’s growth. Lockheed Martin maintained stable EBIT margins over the last year, all while growing revenue 9.5% to US$63b. That’s a real positive.

You can take a look at the company’s revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

earnings-and-revenue-history

In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Lockheed Martin’s forecast profits?

Are Lockheed Martin Insiders Aligned With All Shareholders?

Since Lockheed Martin has a market capitalization of US$110b, we wouldn’t expect insiders to hold a large percentage of shares. But we are reassured by the fact they have invested in the company. Given insiders own a small fortune of shares, currently valued at US$99m, they have plenty of motivation to push the business to succeed. That’s certainly enough to make me think that management will be very focussed on long term growth.

It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. Well, based on the CEO pay, I’d say they are indeed. I discovered that the median total compensation for the CEOs of companies like Lockheed Martin, with market caps over US$8.0b, is about US$11m.

The CEO of Lockheed Martin only received US$310k in total compensation for the year ending . That looks like modest pay to me, and may hint at a certain respect for the interests of shareholders. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. I’d also argue reasonable pay levels attest to good decision making more generally.

Should You Add Lockheed Martin To Your Watchlist?

Given my belief that share price follows earnings per share you can easily imagine how I feel about Lockheed Martin’s strong EPS growth. If that’s not enough, consider also that the CEO pay is quite reasonable, and insiders are well-invested alongside other shareholders. Each to their own, but I think all this makes Lockheed Martin look rather interesting indeed. Before you take the next step you should know about the 1 warning sign for Lockheed Martin that we have uncovered.

You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is a list of companies with insider buying in the last three months.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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 editorial-team@simplywallst.com.

mm

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

Continue Reading

Trending