Companies with the worst numbers suddenly have the best stocks, Jim Cramer says

Strong stocks are in free fall and beaten-down names are on the rise as market players adjust their portfolios to take advantage of a potentially sharp economic recovery, CNBC’s Jim Cramer said Wednesday.”That’s thanks to J&J (Johnson & Johnson), Moderna and Pfizer,” the “Mad Money” host said. “We’re on the cusp of a post-Covid…

U.S. administers 80.5 mln doses of COVID-19 vaccines – CDC

The United States has administered 80,540,474 doses of COVID-19 vaccines as of Wednesday morning and delivered 107,028,890 doses, the Centers for Disease Control and Prevention said.The tally of vaccine doses are for both Moderna and Pfizer/BioNTech, vaccines as of 6:00 a.m. ET on Wednesday, the agency said.According to the tally posted on March 2,…

Moderna, Takeda to seek vaccine approval in Japan

U.S. biotechnology firm Moderna Inc is planning to file for the Japanese health ministry’s approval of its novel coronavirus vaccine as early as Friday, several people familiar with the matter said.The request would be the third such application for regulatory approval in Japan and will be filed with Takeda Pharmaceutical Co, Moderna’s partner for…

T cell response to virus variants remains potent; Asthma does not raise severe COVID-19 risk

The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus.Immune system T cell responses to variants remain potentWhile worrisome coronavirus variants identified in Brazil, South Africa, and California have mutations that might…

Why Moderna Stock Is Sinking Again Today

What happenedShares of Moderna (NASDAQ:MRNA) were sinking 7.2% lower as of 12:03 p.m. EST on Wednesday. It marked the second consecutive day of declines for the stock this week.One likely reason behind Moderna’s pullback is the entrance of a new rival in the U.S. COVID-19 vaccine market — Johnson & Johnson (NYSE:JNJ). The healthcare giant won…

The Latest: Ontario seniors won’t get AstraZeneca vaccine

TORONTO — The health minister of Canada’s most populous province says Ontario seniors won’t receive the Oxford-AstraZeneca COVID-19 vaccine since there’s limited data on its effectiveness in older populations.Ontario Health Minister Christine Elliott says Ontario plans to follow the advice of a national panel that’s recommended against using…

Detroit expands Covid vaccine eligibility to autoworkers

Chrysler Jefferson North Assembly Plant in Detroit, MichiganBill Pugliano | Getty ImagesDETROIT — Manufacturing employees in the city, such as autoworkers, are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions.The expanded eligibility for Detroit manufacturing workers marks a major…

President Joe Biden urges states to vaccinate teachers, school staff this month

Letetsia A. Fox, Chapter President Los Angeles 500 of the California School Employees Association receives her first COVID-19 Moderna vaccination shot from registered nurse Sosse Bedrossian, director of nursing services for LAUSD.Al Seib | Los Angeles Times | Getty ImagesPresident Joe Biden on Tuesday urged states to prioritize vaccinating teachers…

Biden takes steps to help Merck boost Johnson & Johnson COVID-19 vaccine supply

Merck & Co Inc will help make rival Johnson & Johnson’s COVID-19 vaccine in order to boost the slower-than- promised production of the one-dose shot, U.S. President Joe Biden said on Tuesday.Biden said the U.S. government had invoked the Defense Production Act to help equip two Merck plants to make the J&J vaccine.“One of the things…

Detroit expands Covid vaccine eligibility to auto workers

Chrysler Jefferson North Assembly Plant in Detroit, MichiganBill Pugliano | Getty ImagesDETROIT – Manufacturing employees in the city, such as autoworkers, are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions.The expanded eligibility for Detroit manufacturing workers marks a major…

U.S. administers 78.6 mln doses of COVID-19 vaccines – CDC

The U.S. Centers for Disease Control and Prevention said it had distributed 102,353,940 doses of COVID-19 vaccines and administered 78,631,601 doses in the country.The tally included both Moderna and Pfizer/BioNTech vaccines as of 6:00 a.m. ET on Tuesday, the agency said.The tally posted on Feb. 28 showed the agency had administered 75,236,003 doses…

Missed The Rally In Hotel Stocks? Pick Royal Caribbean To Extend Gains

Royal Caribbean Cruise line’s “Ovation of the Seas” on Dec 29, 2017 in Sydney, Australia. The cruise … [+] ship is based in the southern summer season city of Sydney and cruises there before basing to Tianjin for the northern summer season. Getty ImagesWith the approval of Pfizer PFE and Moderna’s vaccines in December 2020, the shares of…

Norway may tighten national restrictions against virus, says health minister

OSLO (Reuters) – Norway may tighten national restrictions to prevent the spread of the coronavirus, the country’s health minister said on Tuesday.The Nordic country has one of the lowest rates of infections in Europe but a recent resurgence in new cases, particularly in the capital Oslo where the more contagious variant first identified in Britain…

Merck to help make Johnson & Johnson’s COVID-19 vaccine – White House official

Merck & Co Inc will help make rival Johnson & Johnson’s single-shot COVID-19 vaccine in a partnership set to be announced on Tuesday by U.S. President Joe Biden, a White House official said on Tuesday.After scrapping development of its own COVID-19 vaccine candidates in January, Merck last month said it was working on a deal to open up its…

GC and SK Bioscience lead early vaccines supplies

(Yonhap)As South Korea ramps up its COVID-19 vaccination campaigns, two local biopharmaceuticals are leading the supply and distribution of foreign jabs — Green Cross and SK Bioscience. The state-run Public Procurement Service recently announced that Green Cross has been selected as a local distributor of the mRNA-1237 vaccine developed by US biotech…

Fauci says U.S. must stick to two-shot strategy for Pfizer, Moderna COVID-19 vaccines- paper

The United States must stick to a two-dose strategy for the Pfizer-BioNTech and Moderna COVID-19 vaccines, top U.S. infectious disease official Anthony Fauci told the Washington Post newsppaer.Fauci said that delaying a second dose to inoculate more Americans creates risks, the newspaper https://wapo.st/37WRf3p reported on Monday.He warned that shifting…

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