|Bid||107.88 x 800|
|Ask||110.40 x 1200|
|Day's range||102.35 - 110.32|
|52-week range||36.15 - 151.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||93.33|
(Bloomberg) -- President Joe Biden’s administration took its biggest step yet toward declaring victory over the coronavirus pandemic -- announcing that fully vaccinated Americans can ditch their masks in most settings, even indoors or in large groups. Masks are still required on buses, trains and other forms of public transportation, as well as airports.To drive vaccinations, New York Mayor Bill de Blasio is offering vouchers for a Shake Shack burger or sandwich for residents who got their shots, while Six Flags Entertainment Corp. will give away 50,000 tickets to its Illinois theme parks to newly vaccinated residents in the state.Ontario, Canada’s most populous province, is keeping a stay-home order in force into early June. CureVac NV and GlaxoSmithKline Plc said early data from laboratory tests of their second-generation Covid-19 vaccine suggests good protection against some virus variants.Key DevelopmentsGlobal Tracker: Cases top 160.6 million; deaths exceed 3.3 millionVaccine Tracker: More than 1.36 billion doses have been givenU.S. teen vaccine drive turns to schools, doctors to get shots outMuch-maligned Sinovac shot getting greater acceptanceJapan seeks to ease Olympics fears with no-infection test events‘Covid zero’ havens find reopening harder than containing virusSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click CVID on the terminal for global data on cases and deaths.Outbreak Strikes Vaccinated Yankees (5:19 p.m. NY)The New York Yankees are experiencing a virus outbreak among vaccinated personnel.Eight fully inoculated members of the organization tested positive for Covid-19 this week, including shortstop Gleyber Torres, who also had the virus during the offseason, the Yankees said in a statement Thursday. All of those who tested positive are currently under quarantine protocol in Tampa, Florida, as Major League Baseball and the New York State Department of Health advise the club.U.K. ‘Anxious’ Over India Strain (4:24 p.m. NY)U.K. Prime Minister Boris Johnson said he’s “anxious” about the spread of a Covid-19 variant from India and ruled no measures out as fresh statistics showed cases more than doubled in the past week.“We are anxious about it, it has been spreading,” Johnson said in a pooled broadcast interview Thursday, referring to the B1617.2 variant first detected in India. “There’s a range of things we could do, we’re ruling nothing out.”U.S. Eases Mask Rules (3:51 p.m. NY)President Joe Biden’s administration took its biggest step yet toward declaring victory over the coronavirus pandemic -- announcing that fully vaccinated Americans can ditch their masks in most settings, even indoors or in large groups.“Today is a great day for America in our long battle with coronavirus,” Biden said in the White House Rose Garden on Thursday, calling the U.S. vaccination program an “historical logistical achievement.”The guidance shift Thursday is a turning point in the fight against Covid-19 and comes as U.S. caseloads fall and vaccinations rise. It signals a broad return to everyday life, and is also a bet that any surge in spread from relaxed guidelines won’t be enough to reverse progress in inoculations.Masks are still required on buses, trains and other forms of public transportation, as well as airports, she said.Maine Lifts Restrictions (3:39 p.m. NY)Maine will lift many virus restrictions, removing capacity limits on most outdoor and indoor events, Governor Janet Mills announced. Masks must still be worn indoors in public places. Physical distancing will be required where people eat and must remove their masks.“This change aligns with the latest science and makes sense for Maine at this stage, with more people getting vaccinated,” the Democratic governor said in a statement.U.S. Bill Proposes Billions for Gyms (3:26 p.m. NY)Democratic Senator Tammy Duckworth and Republican Senator Jerry Moran today introduced a bill that would authorize $30 billion in grants to struggling gyms and fitness facilities, according to an emailed statement.“It’s critical we support the fitness industry to help bring back jobs and provide Americans with opportunities to improve their fitness during this public health crisis,” Duckworth said in statement.Peru to Receive 700,000 Doses (2:11 p.m. NY)Peru will receive 700,000 doses of the Pfizer Covid-19 vaccine this Thursday, the largest batch received to date by the Andean country, Health Minister Oscar Ugarte said on his Twitter account.“We are satisfied because it is the first time that in a single day that amount of doses has arrived in our country,” Ugarte saidSix Flags Offers Tickets to Boost Illinois Vaccinations (1 p.m. NY)Six Flags Entertainment Corp. will offer 50,000 tickets to its theme parks in Gurnee and Rockford, Illinois to newly-vaccinated state residents, Governor J.B. Pritzker said.The value of the tickets is $4 million, the company said.Ontario Extends Stay-Home Order (12:21 p.m. NY)Ontario Premier Doug Ford extended the province’s stay-at-home order until at least June 2, the Canadian Broadcasting Corporation reported. Restrictions on outdoor recreation will be lifted on that date.“The situation is slowly trending in the right situation,” CBC quoted Ford as saying. “Make no mistake, we’re not out of the woods yet.” He said the goal is for Ontario to have “the most normal July and August as possible.”Romania Eases Restrictions (11:44 a.m. NY)Romania will lift a nightly curfew on May 15 and face masks in open spaces will no longer be mandatory, President Klaus Iohannis said Thursday. Private events such as weddings will be allowed with limited capacity after June 1, provided that attendees are vaccinated.New cases have declined and vaccinations have increased in Romania, putting the country on track to cover 75% of the population in another seven months, according to the Bloomberg Vaccine Tracker.Teachers’ Union to Back Reopening (11:15 a.m. NY)The president of one of the largest U.S. teachers’ unions planned to call for a full reopening of public schools by the fall. Randi Weingarten’s announcement for the American Federation of Teachers marks a shift by a prominent voice opposing a return to in-person, full-time instruction.“Conditions have changed,” Weingarten said in prepared remarks for a speech on Thursday. “We can and we must reopen schools in the fall for in-person teaching, learning and support. And keep them open. Fully and safely five days a week.”Manila Restrictions Eased (10:54 a.m. NY)The Manila metro area and surrounding provinces will shift to the second-lowest level of curbs called “general community quarantine” until the end of May, presidential spokesperson Harry Roque said Thursday. The easing for the region, which is the country’s economic engine, follows a worse-than-expected contraction in the last quarter.De Blasio: Burgers For Vaccination (10:40 a.m. NY)New York City Mayor Bill de Blasio said people who get a vaccine will get a voucher for a burger or sandwich from Shake Shack Inc. For those already vaccinated, people can get a free order of French fries after showing a vaccination card.The mayor appealed to parents to get their kids vaccinated as the city opened up shots for ages 12 to 15 in a bid to “get kids off of Zoom.” The city will also reopen some of its festivals, including the Governors Ball.Colorado Nursing Homes Hit (10:40 a.m. NY)Covid-19 outbreaks are increasing at Colorado nursing homes, accounting for six deaths last week, the Denver Post reported Thursday. Cases are also rising at assisted-living facilities and elementary schools, the Post reported.Africa Testing Declines (9:11 a.m. NY)The African Union’s health agency urged countries on the continent to increase testing for the coronavirus as more states report different variants of the disease.Testing dropped 21% last week, John Nkengasong, director of the Africa Centres for Disease Control and Prevention, said in an online briefing Thursday.Six African nations including South Africa, Angola, the Democratic Republic of Congo, Morocco, Uganda and Kenya have reported the B.1.617 strain that is devastating India and which initial studies show spreads more easily. That’s in addition to the 24 African nations that reported cases of the B.1.1.7 mutation found last year in the U.K., with the same number of countries reporting the B.1.351 variant first identified in South Africa in 2020.Astra Pause Boosted EU Vaccine Hesitancy (7:42 a.m. NY)Vaccine hesitancy increased in the European Union after the suspension of AstraZeneca Plc’s vaccine, with more than a third of adults in the bloc indicating they were unlikely to get immunized from Covid-19, according to a Eurofound online survey.After several EU countries suspended use of Astra’s shot in mid-March, 34% of respondents in February and March said they were hesitant to take the vaccine. Before the pause, 25% said they were “rather unlikely” or “very unlikely” to get it.CureVac, GSK Report Positive Data (7:35 a.m. NY)CureVac NV and GlaxoSmithKline Plc released positive early data from laboratory testing of their second-generation Covid-19 vaccine, with signs the shot could also provide good protection against some variants of the virus.Preclinical studies showed strong immune responses in rats, with significant neutralization of variants first discovered in the U.K., South Africa and Denmark, CureVac said in a statement Thursday. Human trials are expected to start in the third quarter.Billionaire’s South Africa Vaccine Pledge (7:19 a.m. NY)U.S. biotech billionaire Patrick Soon-Shiong will give an initial 3 billion rand ($213 million) to South Africa, the country of his birth, to help with the transfer of new technology for Covid-19 vaccines and other therapies.The African continent accounts for only about 1.5% of globally administered shots, data from the Africa Centers for Disease Control and Prevention show.Serb Cash Vaccine Incentives Working (6:56 a.m. NY)The Serbian government’s pledge to pay 3,000 dinars ($31) to those receiving vaccines helped speed up inoculation to almost 24,000 people a day from around 8,000 before the offer was announced on May 5, President Aleksandar Vucic said on Thursday.Among the first on the continent to launch mass vaccination in January with shots from China, Russia and western drugmakers, Serbia faced a slowdown amid skepticism toward vaccines, even as it offered its citizens the choice of four different jabs.Angola Approves Sputnik Light (6:40 a.m. NY)Angola’s Ministry of Health approved the use of Russia’s single-dose Sputnik Light vaccine against the coronavirus, according to the Russian Direct Investment Fund.The Sputnik Light is the first component of the Sputnik two-dose vaccine, which Angola approved in March, the fund said in a statement. Russia’s state-run wealth fund backed the vaccine’s development and is in charge of the inoculation’s international rollout.Seychelles Says Covid Cases Easing (6:25 a.m. NY)Seychelles, which has vaccinated a greater proportion of its population against Covid-19 than any other nation, said a surge in cases of the disease is easing.While the number of active cases has risen to 2,739, from 2,486 on May 10, the seven-day rolling average of infections has fallen to 178 from 322 about a week ago, the health ministry said.German New Cases Decline Further (2:24 p.m. HK)Germany’s new infections decreased, with 6,590 cases reported Thursday. German authorities have become increasingly optimistic that Europe’s largest economy can loosen restrictions, including on outdoor dining and domestic tourism.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
A second-generation COVID-19 vaccine developed by CureVac and GlaxoSmithKline, designed to protect against coronavirus variants, produced a high level of immune response in a trial in rats, the companies said on Thursday. CureVac in February said it would team up with GlaxoSmithKline on a COVID-19 vaccine aimed at targeting several variants with one shot. The shot uses messenger RNA technology, similar to successful vaccines made by Pfizer-BioNTech and Moderna, and clinical trials of the shot in humans are expected to start in the third quarter of this year.
(Bloomberg) -- A geopolitical tug-of-war and quarterly sales that failed to meet sky-high expectations sent some of the leading Covid-19 vaccine developers tumbling this week.Biotechs including Moderna Inc., BioNTech SE, Novavax Inc., and CureVac NV shed over $30 billion in market value at one point as President Joseph Biden said their patents should be stripped to combat the global pandemic.It was the first losing week for a basket of vaccine makers in over a month, and matched the largest such loss since late March. Extra trouble could come on Monday, when two more of the vaccine makers are set to report earnings.Investors are concerned that billions of dollars in sales will be jeopardized if the world opens the floodgates to manufacturing by added firms. But the stocks regained some ground after Europe’s less-than-unanimous embrace of Biden’s proposal. What’s more, analysts said that even with a waiver, other companies can’t simply start whipping up batches of complex Covid vaccines.“Vaccine manufacturing is analogous to ‘rocket science’ in biological systems, and merely temporarily liberating the patents will have little effect on worldwide manufacturing capacity,” wrote Oppenheimer analyst Hartaj Singh, citing mRNA vaccines like those from Moderna, BioNTech and Pfizer Inc. “What is likely needed is governmental support for current manufacturers to further access raw material supplies, as opposed to fragmenting them.”Politics and logistics present another set of hurdles, wrote Morgan Stanley analyst David Risinger. A waiver would have to be negotiated through the World Trade Organization, which could take months, and then building facilities would add to delays, he said.The political picture remains unsettled, as Germany opposed the waiver and Spain backed the U.S.While investors will be watching for any further headlines from global leaders, there are plenty of empirical catalysts ahead for the group. BioNTech is scheduled to report quarterly results before the U.S. market opens on Monday, followed by Novavax later that evening. Both will get a chance to discuss prospects for patent protection and provide updates on various studies and production of their shots.More data is expected shortly on the Novavax and CureVac vaccines, which could provide additional shots to the world and perhaps a booster for the shares. While investors are itching to see the results, Bloomberg Intelligence analyst Sam Fazeli warned earlier this week that neither of the newer immunizations is likely to be as effective as those already out from Pfizer-BioNTech and Moderna.The swoon for vaccine stocks hasn’t prompted analysts to pound the table and declare a buying opportunity, but it has brought some share prices closer to what Wall Street sees as fair value. The 12-month price target for Moderna now implies a roughly 4% gain from where it’s hovering around $163. By that same gauge, BioNTech ADRs current level of nearly $184 a share still implies a more than 25% slide.(Updates with closing share movement.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.