AstraZeneca receives $1 billion in funding to develop a COVID-19 vaccine
British Multinational Pharmaceutical company AstraZeneca received $1 billion in funding from the U.S. Health Department’s Biomedical Advanced Research and Development Authority (BARDA) to develop a coronavirus vaccine from the University of Oxford. The pharma giant has agreed to initially supply at least 400 million doses of the vaccine and secured total manufacturing capacity to produce 1 billion doses, with first deliveries in September
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Here's Why Buying Coronavirus Stocks Can Be Risky
Here's Why Buying Coronavirus Stocks Can Be Risky
Many of the hottest stocks on the markets right now are those of companies developing potential vaccines or treatments for COVID-19, or businesses that are well-suited to the transformed economic conditions of the coronavirus pandemic. While new COVID-19 cases may continue to pop up for many years, investors shouldn't assume the pandemic is a long-term situation and ought to avoid investing based on that assumption.
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Novavax Launches Midstage Coronavirus Vaccine Trial
Novavax Launches Midstage Coronavirus Vaccine Trial
Vaccine specialist Novavax (NASDAQ:NVAX) announced the launch of a phase 2b clinical trial in South Africa to test the effectiveness of its coronavirus vaccine, NVX-CoV2373. Novavax is somewhat behind the leaders in the race for an approved vaccine for COVID-19, but the level of transmission in South Africa may give the company a chance to evaluate the efficacy of its vaccine very quickly.
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Global coronavirus cases top 17 million
Global coronavirus cases top 17 million
The total number of COVID-19 cases around the world surpassed 17 million. At least 667,000 deaths have been confirmed from coronavirus, making it one of the worst pandemics the world has ever seen. The economic toll from the pandemic has hit countries around the world as governments implement large-scale lockdowns and border controls to contain the transmission of the virus
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More than 25% of the global coronavirus cases are in the US
According to the latest data compiled by Johns Hopkins University, there are more than 16 million confirmed coronavirus cases around the world, at least 4.1 million cases are in the US alone. The U.S. continues to see record increase across several states, with the country registering more than 1,000 daily coronavirus deaths for four straight days as of Saturday. Total U.S. deaths from the virus currently number 146,463
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