Inflation Weighs on Netflix | 5 Gold Stocks Worth Their Weight5 Gold Stocks Worth Their Weight |
Created for {EMAIL} | [Web Version]( July 20, 2022
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[] Monkeypox infections have jumped in the past two months, and now total 13,000 in over 60 countries, including 1,800 in the U.S. So far, the virus has spread primarily among the population of gay men. It is spread through bodily fluids, large respiratory droplets, or contact with the skin lesions that the virus causes. Monkeypox can be fatal, but the strain that is spreading currently generally causes mild symptoms. Vaccines and treatments exist for it, but there are several challenges health authorities face in trying to contain the virus’s spread. Its incubation period is long, at seven to 14 days. Those infected are considered to be contagious until the lesions heal, which generally takes several weeks. [Why employer life insurance isn't enough](
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[] The United States has 1 million monkeypox vaccine doses, which is enough to vaccinate 500,000 people with a two-dose regimen, but health authorities in New York City, the U.K. and Canada are only allowing first doses until more supply becomes available. The Centers for Disease Control and Prevention recommends that the second dose be given 28 days after the first. CDC Director Rochelle Walensky is optimistic that vaccine supply will increase enough by the end of the month to allow for second doses on schedule. There were plenty of positives and negatives to be found in Netflix’s ([NFLX]() second-quarter earnings report, which was released after Tuesday’s close. To start, the video streaming giant brought in earnings per share of $3.20, higher than the $2.97 it reported one year ago, and above its guidance for earnings of $3.00 per share. Netflix also recorded a much slimmer than expected subscriber loss for the three-month period (970,000 actual losses vs. an estimated 2 million). However, this still marked the second straight quarter of declining subscriber numbers for Netflix. And the company was not immune to macroeconomic headwinds seen in the second quarter. For one, it saw average revenue per membership rise 2% year-over-year in Q2. Excluding the impact of a stronger U.S. dollar, this metric was up 7% compared with Q2 2021. Plus, amid the highest inflation in 40 years, the firm saw technology and development costs soar by 33.4% year-over-year to $716.8 million. Netflix also incurred $150 million in restructuring costs in Q2. These rising costs are a big question mark, says Sophie Lund-Yates, equity analyst at U.K.-based financial firm Hargreaves Lansdown. “There’s a sense that spending, and plans for the future, make sense on paper. But what’s crucial now is evidence showing these billions of dollars are being thrown at growing, rather than protecting, market share.” Free download, [The Kiplinger Letter's Forecast](. No information required from you. [Take Control of Your Finances with Personal Capital's Free, Powerful Financial Tools, And You Could Win a Brand New Tesla Model 3](
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