[The beef 675]
[I'm an image]
âWhere can I sign up?â - Jeff
Hey there carnivores,
Markets were up on Tuesday after a slow start.
Today weâre talking about the power of modern medicine.
Keep raging,
Jeff & Jason
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[I'm an image]
One giant leap for mankind (maybe)
Your move, COVID.
[Moderna announced]( that its proposed COVID-19 vaccination, called mRNA-1273, (Really? That's the best you could do?) will move to phase 2/3 of testing. The biotech reported that its vaccine produced a very positive response in early-stage human trials... which is a real bummer for all the anti-vaxxers out there. In all, forty-five people were tested.
So, this is good?
It depends. Do you consider saving humanity "good?"
In the early stage trial, patients were divided into three groups of fifteen, with each group either receiving a 25, 100, or 250 microgram dose. *Joe Rogan fans seize the opportunity to start discussing the benefits of microdosing*
The vaccine produced a ârobustâ immune response in all patients for all microgram amounts after two doses, [with the data showing]( that the 100 microgram dose is the sweet spot. In the 250 microgram dose, the levels of neutralizing antibodies in patients were four times that of recovering coronavirus patients. Save some for the rest of us, you guys.
Of course, like anything worth injecting into your body the vaccine comes with a handful of side effects, like fatigue, muscle aches... and not getting the f*cking coronavirus.
In the third phase of testing, set to begin July 27 (apparently Moderna is getting its 'models and bottles' on for the next two weeks), the vaccine [will be tested by 30k]( subjects to demonstrate if it is able to significantly reduce the risk of contracting COVID-19. A lot of poor college students about to make a deal with the devil for like $25.
And while there was no timeline given by Moderna for delivering the vaccine to the masses, the US is targeting 300M doses of a vaccine for ârona boi by early next year.
How did markets react?
The new news broke after markets closed, but (and this might come as a shock to you) $MRNA rose 16% afterhours.
Look for a big pop in the markets today, as investors go from six to midnight on the news. Futures are already [pointing]( to a big day.
The bottom line...
If 2020 has taught us anything its that the only thing markets like more than a bankrupt company's stock is a pharma company hinting that it's just a few billion dollars in R&D away from eradicating the coronavirus.
Exhibit A: NanoViricides... which appears to be much more Elizabeth Holmes than Jonas Salk. The company [launched a press tour]( in January hinting that it was close to clinical trials for a COVID-19 treatment.
Fast forward seven months and the company has no drug to show. Oh, and according to a recent stock prospectus the company has never made any money or even conducted a clinical trial on humans.
Of course, that didn't stop the stock from jumping to $17 from $4 after the initial announcement. It has since retreated. Hey, that's capitalism baby.
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[I'm an image]
âï¸Attention shoppers. Amazon is [launching]( smart carts, called Dash Carts, for use at its brick and mortar grocery stores. The carts will be available at âZonâs planned Woodland Hills, CA grocery store, slated to open later this year. Though coronavirus has different plans, if I were a betting man.
The carts use the cashier-less technology initially rolled out at Amazonâs experimental AmazonGo stores, and can track items and allow customers to pay without ever pulling out their wallets. Iâm sure theyâll judge you too⦠yes, Dash Cart, I am buying more stuffed crust DiGiornos and vodka, mind your own damn business.
âï¸No 5G for you. The UK is jumping on the ban wagon, telling cell companies they have until 2027 to [remove Huaweiâs]( tech from the Queenâs 5G networks. Just six months ago, the UK said it would be able to manage the risks of having Huawei active on its 5G networks. But as tensions between the US and China bubble, including new sanctions by the US against Huawei, the Brits changed their minds.
The move is viewed as a win for the US, as Western countries on the fence about Beijingâs policies will likely be more comfortable following suit. It probably doesnât help that China enacted a controversial national security law in the former British colony of Hong Kong. And as an American, trust me, the Brits can hold a grudge.
âï¸To Russia with love. Spotify is expanding its reach once again, this time introducing the Joe Rogan Experience to [13 more countries]( including Russia. What were they using to stream in Moscow all this time, Tidal?
Albania, Belarus, Bosnia & Herzegovina, Croatia, Kazakhstan, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, Slovenia and Ukraine are the other countries that will have access to a new library of tasty licks. The move gives Spotify access to nearly 250M new listeners. *Apple furiously figures out how to stream music to Estonia.*
âï¸The Virgin scores. Virgin Atlantic Airways might have a fighting chance, after all. The company announced that itâs secured a deal [worth $1.5B]( to keep the lights on. The deal will consist of a $250M investment from Richard Bransonâs Virgin Group (worst band name ever), while Davidson Kempner Capital Management will pitch in $213M in secured loans.
Virgin Group will retain its 51% share of the business, and Delta Airlines will hang onto the remaining 49%.
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