Why Moderna’s Vaccine Win Is a Giant Leap Against Pandemics
By Max Nisen (Bloomberg Opinion) — The world now seems likely to have at least two effective vaccines against Covid-19 with Monday’s announcement of positive early data from Moderna Inc.’s 30,000-person clinical trial. The result comes a week after Pfizer Inc. and BioNTech SE revealed a protection rate of more than 90% protection against disease. Moderna slightly one-upped […]
We can stop COVID-19: Moderna vaccine success gives world more hope
(Reuters) – Moderna Inc’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far exceed expectations. Together with Pfizer Inc’s vaccine, which is also more than 90% effective, and pending more safety data and […]
Here’s how Goldman Sachs sees the vaccine getting delivered to Americans next year
The approval of a Covid-19 vaccine by the end of the year should lead to much of the United States being vaccinated during the first half of 2021, according to Goldman Sachs. On Thursday, the firm’s economic research team laid out a timeline for mass immunization with a successful vaccine, which included many high-risk individuals […]
‘Enterprise software is recession proof,’ according to a new report that tracked how the pandemic affected 400 firms
By Rosalie ChanNovember 12, 2020 Cloud-based enterprise software companies seem recession-proof, according to a new report from OpenView Venture Partners with data from over 1,200 enterprise cloud software firms between 2018 and 2020, with 400 respondents this year. These companies responded quickly to the coronavirus pandemic and their software became a necessity for many customers, […]
‘We’re not going back to the same economy’: The rise of technology poses risks to low-paid service workers amid the ongoing recovery, Fed Chair Powell says
By Ben WinckNovember 12, 2020 The US economy won’t return to the exact same state it was in before the pandemic, Federal Reserve Chair Jerome Powell said Thursday. The health crisis is accelerating digitization throughout the economy, and Americans already slammed by the virus’s fallout are at the highest risk of losing their jobs, he […]
Goldman sees the S&P 500 rallying to 4,300 by end of 2021 on vaccine, divided government
Goldman Sachs is out Wednesday morning with a big call for clients. The firm has turned more bullish about the stock market on the back of the promising vaccine news and a divided U.S. government. Goldman hiked its year-end S&P 500 target to 3,700 from 3,600, a 4% rise from Tuesday’s close of 3,545.53. Goldman also expects the […]
Here’s when the results of the 2020 election will be finalized
Joe Biden is the president-elect of the United States, as NBC News projected Saturday, but the results of the election won’t be finalized until January. When Americans cast their ballots for president on Nov. 3, they weren’t voting directly for Biden or the incumbent, President Donald Trump, but rather for their state’s electors. Members of the […]
S&P 500 as high as 4,500 next year, or 24% from here
JPMorgan said Monday’s surprise vaccine news is setting the stock market up for big gains next year, seeing the potential for S&P 500 to surge as much as 24% by the end of 2021. “The equity market is facing one of the best backdrops for sustained gains in years. After a prolonged period of elevated […]
The bull market will resume after the election, with 50% long-term upside, JPMorgan says
The stock market is poised to resume its bull market rally after the election, with nearly 50% upside still left to climb over the long term, JPMorgan said in a note to investors Monday. The U.S. market just suffered its worst week since March, but the macro positioning of investments is still bullish for stock investors […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases the prospect of major antitrust […]