California Coronavirus Update: Governor Gavin Newsom Orders Indoor Service At All Restaurants, Bars, Movie Theaters In State To Close Again; No End Date Given
The day after California officials revealed that the number of deaths related to coronavirus in the state had passed 7,000, Gov.Gavin Newsom said Monday that there have been 8,358 new cases reported in the state over the past 24 hours. The 14-day trend showed only a slightly lower number. As a result, he announced he […]
- U.S.USA TODAY
'I wouldn’t trust you to care for a house plant let alone my child': Pressley slams DeVos on reopening schools
"I wouldn’t trust you to care for a house plant let alone my child," Pressley said in reply to DeVos' remarks on reopening schools amid the pandemic.
Moderna Inc (NASDAQ: MRNA) shares are surging above the $70 level for the first time since late May following sell-side commentary on its coronavirus vaccine program.The Moderna Analyst: Jefferies analyst Michael Yee initiated coverage of Moderna with a Buy rating and $90 price target.The Moderna Thesis: There is good probability the vaccine will work and get at least emergency approval by early 2021, Yee said in a note, citing his discussions with key opinion leaders and disclosures made by the company thus far.Given the likelihood of demand to remain elevated in the first two years, the analyst estimates billions in sales. This is despite the sell-side remaining divided over whether Moderna will be successful in its pursuit for a coronavirus vaccine, he added.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Key catalysts for the stock are the Phase 2 readout due in fall and potential interim Phase 3 readout by the end of the year, Yee said.Jefferies' $90 per share price target gives Moderna a valuation of $35 billion. This is based $15 billion valuation for the stock, based on three-to-four times sales, and $15 billion to $20 billion platform value, which is supported by a pipeline consisting of 15 other candidates in the clinic, including 5-10 vaccines and 5-19 other therapeutic programs."$35B on MRNA if it does have a novel mRNA platform that generated a COVID vaccine in less than a year would be worthy of praise, in our view," Yee wrote in the note.As such, the firm believes the vaccine will get approved and could do over $5 billion in orders over the next few years and the stock will head higher.MRNA Price Action: Moderna shares were soaring 16.8% to $73.14 at the time of publication.Latest Ratings for MRNA DateFirmActionFromTo Jul 2020Brookline CapitalInitiates Coverage OnBuy Jul 2020JefferiesInitiates Coverage OnBuy Jun 2020BarclaysInitiates Coverage OnOverweight View More Analyst Ratings for MRNA View the Latest Analyst Ratings See more from Benzinga * Moderna Strikes Another Coronavirus Vaccine Manufacturing Deal To Ensure Overseas Supply * Revisiting Coronavirus Vaccine Timelines: Moderna Denies Delay, Pfizer Advances Project Lightspeed And More * Moderna, Catalent Collaborate On Coronavirus Vaccine Manufacturing Capacity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- SportsMMA Weekly
* * *Jorge Masvidal saved the day, but couldn't take home the belt at UFC 251 on Saturday.When Gilbert Burns fell out of the UFC 251 main event after testing positive for COVID-19, Masvidal quickly stepped in to challenge UFC welterweight champion Kamaru Usman.Despite the short-notice, Masvidal lasted all five rounds with the champion. That, of course, wasn't the objective. The objective was to take Usman's belt. Following the fight, Masvidal broke down his performance and commented on what might be next for him.Hear everything Masvidal had to say after his loss to Usman at the UFC 251 Post-Fight Press Conference on Fight Island in Abu Dhabi.(Subscribe to MMAWeekly.com on YouTube)* * *TRENDING Kamaru Usman shuts down Jorge Masvidal in UFC 251 main event* * * How did UFC Fight Island come to be? (Subscribe to MMAWeekly.com on YouTube)
These hearty sandwiches might just be the best thing since sliced bread...Originally Appeared on Epicurious
Russell Crowe recalls his "fond" memories of filming Gladiator but has one friendly reminder about the epic's plot as sequel rumors continue to swirl. See what he said in E!'s interview below.
- U.S.Business Insider
The Alaska Airlines flight from Seattle to Chicago turned around after a passenger became unruly and threatened to kill everyone on board.