Friday, 4 Dec 2020

Is Moderna in Operation Warp Speed?

WidePoint Corp. Bottom Line Climbs In Q3

WidePoint Corp. (WYY) announced a profit for its third quarter that advanced from last year.

The company’s profit totaled $1.07 million, or $0.13 per share. This compares with $0.18 million, or $0.02 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 94.2% to $57.51 million from $29.62 million last year.

WidePoint Corp. earnings at a glance:

-Earnings (Q3): $1.07 Mln. vs. $0.18 Mln. last year.
-EPS (Q3): $0.13 vs. $0.02 last year.
-Analysts Estimate: $0.05
-Revenue (Q3): $57.51 Mln vs. $29.62 Mln last year.

-Guidance:
Full year revenue guidance: $185 – $195 Mln

President-elect Biden says he wouldn't hesitate to get the coronavirus vaccine

President-elect Joe Biden said on Monday that "he wouldn't hesitate" to get vaccinated against the coronavirus, and the only reason people are hesitant about the vaccine's safety is because of President Donald Trump.

"It's important that people who are in the greatest need get it," Biden said during a press briefing. "I wouldn't hesitate to get the vaccine, but I also want to set an example."

On Monday, Moderna reported preliminary phase three trial data that showed its coronavirus vaccine is more than 94% effective in preventing Covid-19. Those results follow similar findings from Pfizer, which announced last week that early data shows its vaccine is more than 90% effective.

"I think we're on a clear path now. We're on a clear path with the international community and international leaders, and the scientific community have focused on these two vaccines," Biden said. "They appear to be ready for prime time, ready to be used. And if that continues along those roads, I would take the vaccine."

This is a developing story. Please check back later for updates.

Is it safe to go to a holiday get-together?

“This is not going to dig us out of what’s ahead this next month,” Natalie Dean, a biostatistician at the University of Florida, warned about Thanksgiving and the coming holiday season.

If the preparations for vaccines don’t hit any major snags, we can realistically hope for large-scale distribution to begin in the spring.

But with exploding cases across the country right now, we have to take immediate measures. The only way to drive down infection rates for now will be to avoid large indoor gatherings, wear masks, practice physical distancing and use other public health measures.

Baidu.com Inc. Q3 adjusted earnings of RMB20.35 per share

Below are the earnings highlights for Baidu.com Inc. (BIDU):

-Earnings: RMB13.68 billion in Q3 vs. -RMB6.37 billion in the same period last year.
-EPS: RMB39.79 in Q3 vs. -RMB18.37 in the same period last year.
-Excluding items, Baidu.com Inc. reported adjusted earnings of RMB6.99 billion or RMB20.35 per share for the period.
-Revenue: RMB28.23 billion in Q3 vs. RMB28.08 billion in the same period last year.

Power demand grew 7.8% in first half of Nov.

Diesel sales fell, after rising in October

India’s power consumption grew 7.8% to 50.15 billion units (BU) in the first half of November this year, signalling a rise in economic activity, as per government data.

Power consumption was recorded at 46.52 BU during November 1-15 last year, according to power Ministry data. For all of November last year, power consumption was 93.94 BU.

Thus, the extrapolation of half-month data clearly indicates that power consumption may witness year-on-year growth for the third month in a row, according to experts.

Diesel sales in the country fell 5% in the first half of November from a year earlier, industry data showed on Monday, after rising for the first time in eight months in October. However, diesel sales was 7% higher month-on-month.

Between November 1 and 15, diesel consumption was 2.86 million tonnes, down from 3.01 million tonnes a year earlier but higher than the 2.65 million tonnes in the first half of October.

Stocks making the biggest moves after the bell: T-Mobile, Costco, Baidu & more

Check out the companies making headlines after the bell on Monday:

T-Mobile — T-Mobile shares rose more than 2% in after-hours trading after Warren Buffett's Berkshire Hathaway disclosed a stake in the mobile networking company. A 13F filing showed the conglomerate bought 2.4 million shares of T-Mobile in the third quarter.

Costco — Shares of the wholesale giant popped more than 2% after the company declared a special cash dividend of $10 per share. CFO Richard Galanti said this is possible thanks to Costco's "strong balance sheet."

SmileDirectClub — SmileDirectClub traded 3.2% higher after the bell on the back of better-than-expected quarterly results. The tele-dentistry company posted a loss of 11 cents per share on revenue of $168.5 million. Analysts polled by Refinitiv expected a loss of 14 cents per share on revenue of $146.2 million.

Baidu — The Chinese internet company saw its stock dip 0.6% even after the release of quarterly results that beat analyst expectations. Baidu reported a profit of CNY20.35 per share, adjusted, on revenue of CNY28.23 billion. Analysts had forecast earnings per share of CNY13.62 on revenue of CNY27.45 billion.

Tesla — Tesla shares rallied more than 9% in after-hours trading after S&P Dow Jones Indices said it would add the electric car maker to the S&P 500, effective Dec. 21.

Is Moderna in Operation Warp Speed?

Very much so. The United States government provided $1 billion in support for the design and testing of the Moderna vaccine. Researchers at the National Institutes of Health oversaw much of the research, including the clinical trials. Moderna also received an additional $1.5 billion in exchange for 100 million doses if the vaccine proved to be safe and effective.

Although Pfizer has its own advance purchase agreement for its vaccine, it did not take Operation Warp Speed money to support its design or testing.

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