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Home Blog Page 10970

The Washington Redskins today announced a review of the team’s name due to mounting pressure to make a change.

The  Washington Redskins name controversy  involves the name and logo of the  Washington Redskins, a  National Football League  (NFL) franchise. Native Americans have been questioning the use of the name and image since the 1960s, while the topic has received widespread public attention since the 1990s. Native Americans demanding change include tribal nations, national tribal organizations, civil rights organizations, and individuals.  The largest of these organizations, the  National Congress of American Indians, counted the enrollment of its member tribes as totaling 1.2 million individuals in 2013. According to the  American Psychological Association  as of 2010, over 115 professional organizations representing civil rights, educational, athletic, and scientific experts have published resolutions or policies that state that the use of  Native American  names and/or symbols by non-native sports teams is a harmful form of  ethnic stereotyping  that promotes misunderstanding and prejudice, contributing to other problems faced by Native Americans.Public awareness of the issues has been growing based upon social science research on the harmful effects of stereotyping. The number of high school and college teams using the Redskins name has been declining steadily along with other Native American mascots. There is also a growing number of public officials, sports commentators and other journalists advocating a change.

The Washington, D.C., team is only one example of the larger  Native American mascot controversy, but it receives more public attention because modern dictionaries define the name as derogatory or insulting and because the team represents the  nation’s capital. The team headquarters is in  Ashburn, Virginia  and its home stadium,  FedExField  is in  Landover, Maryland, both within the  Washington metropolitan area. The name controversy was a factor in the team’s departure from  Washington, DC  in 1997    and remains so in discussions of the location of a new stadium.

As well as picketing and other forms of  direct protest, opponents took legal action to cancel the trademarks held by the team. On June 18, 2014, the  Trademark Trial and Appeal Board  (TTAB) of the  United States Patent and Trademark Office  (USPTO) voted to cancel the Redskins federal trademark registrations, considering them “disparaging to Native Americans”. The cancellation was affirmed in 2015 by the judge in a first appeal by the Redskins. However, in June 2017 the  Supreme Court of the United States  came to a unanimous decision in a different case, ruling that not allowing disparaging names to be protected by trademark registration is an unconstitutional infringement of freedom of speech, thus voiding the legal basis for the cancellation of the Redskins’ trademarks.

Support for continued use of the name has come from the team’s owners, management, the NFL Commissioner, and a majority of fans, which include some Native American individuals. Supporters say that the name honors the achievements and virtues of Native Americans, and that it is not intended in a negative manner. Some, such as former team president  Bruce Allen, also point to the use of Redskins by three high school teams, two on reservations, that have a majority of Native American students.  Supporters have asserted that a majority of Native Americans are not offended by the name based upon a national poll by  Annenberg Public Policy Center  in 2004.  In a commentary published soon after that poll, 15 Native American scholars collaborated on a critique that stated that there were so many flaws in the Annenberg study that rather than being a measure of Native American opinion, it was an expression of  white privilege  and colonialism. Specific criticism of the methodology includes the use of self-reporting to identify Native Americans, which violated the basic principles supporting the validity of public opinion polling.  In May 2016, the  Washington Post  published a poll that duplicated the central question posed in 2004, yielding an identical result.  However, a 2020 study at UC Berkeley found that a 49% of Native Americans found the name offensive, rising to 67% of those who said they regularly participated in native or tribal culture.

FBI arrests Epstein accomplice Ghislaine Maxwell

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Ghislaine Maxwell, British socialite and longtime accomplice of convicted sex offender Jeffrey Epstein, has been arrested by the  FBI   in Bradford, New Hampshire on charges of facilitating sexual abuse of under aged girls.

The youngest child of disgraced publishing tycoon  Robert Maxwell, she moved to the United States after her father’s death in 1991 and became a close associate of the financier and subsequently convicted sex offender Jeffrey Epstein. Maxwell has faced persistent allegations of procuring and  sexually trafficking  underage girls for Epstein and others, charges she has denied.[3]

Maxwell founded the ocean-advocacy group  The TerraMar Project  in 2012. The organization announced closure on 12 July 2019, a week after the sex trafficking charges brought by New York federal prosecutors against Epstein became public. On 27 December 2019,  Reuters  reported that Maxwell was among those under  FBI  investigation for facilitating Epstein. Since Epstein’s arrest, Maxwell was in hiding, communicating with the courts only through her lawyers who, as of 30 January 2020, have refused to accept service of three lawsuits on Maxwell’s behalf    On 12 March 2020, she filed a lawsuit in Superior Court in the  U.S. Virgin Islands  seeking compensation from Epstein’s estate for her legal costs

Breaking Record Job Gain of 4.8 million in June above expectations and unemployment rate falls to 11.1%

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The Labor Department’s employment survey is expected to show that a record 3.1 million jobs were added in June as the unemployment rate fell to 12.3% from 13.3%, according to the median estimate of economists surveyed by Bloomberg.

Reflects continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it.

Job gains also made in retail trade, education and health services, other services, manufacturing, and professional and business services.

Average hourly earnings fell by 35 cents to $29.37 in June. The decrease average hourly earnings largely reflect job gains among lower-paid workers, which puts downward pressure on the average hourly earnings estimates.

The number of people working part time for economic reasons fell by 1.6M in June, but it’s still more than double the February level.

How To Get A Free Coffee At Panera Bread

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Panera Bread Company is an American chain store of bakery-café fast casual restaurants with over 2,000 locations, all of which are in the United States and Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis.

Products Fast casual/Bakery-café, including several varieties of bread, such as  bagels  and  baguettes, cold  sandwiches, hot  panini,  salads,  soups, coffee, and teas
Revenue Increase  US$2.795 billion (2016)
Decrease  US$145 million (2016)
Total assets Decrease  US$1.301 billion (2016)
Total equity Decrease  US$288 million (2016)
Number of employees
About 52,000

*New  Subscribers:  No  purchase  required.  For  new  subscribers  who  sign  up  for  a  MyPanera+  Coffee  Subscription  from  6/22  through  7/4/2020  (“Subscription  Sign  Up  Period”),  you  will  receive  a  free  coffee  subscription  from  the  date  you  sign  up  during  the  Subscription  Sign  Up  Period  through  9/7/2020  (“New  Free  Subscription  Period”).  Must  be  18  years  or  older  and  be  a  MyPanera  member  to  subscribe  to  the  MyPanera  Coffee+  coffee  program  (“Program”).  Visit  http:/www.panerabread.com/MyPaneraCoffee  during  the  Subscription  Sign  Up  Period  and  complete  all  required  information  on  the  subscription  page.  You  must  enter  a  valid  major  credit  card  and  accept  the  Program  Terms  and  Conditions.  If  you  do  not  cancel  before  your  next  renewal  date  after  9/7/2020,  you  will  be  charged  $8.99  plus  tax  on  your  next  renewal  date  (based  on  the  date  you  signed  up  during  the  Subscription  Sign  Up  Period).  If  you  cancel,  your  free  subscription  will  end  30  days  after  your  renewal  date.  Current  Subscribers:  Your  coffee  subscription  will  be  free  from  6/22—9/7/2020  or  your  current  renewal  date  thereafter  (“Current  Free  Subscription  Period”).  You  will  not  be  charged  your  regular  monthly  renewal  fees  during  the  Current  Free  Subscription  Period.  If  you  do  not  cancel  before  your  next  renewal  date  after  9/7/2020,  you  will  be  charged  $8.99  plus  tax  on  your  next  renewal  date  (based  on  your  current  renewal  date).  All  Subscribers:  Registration  available  online  only  except  for  Kiosk.  You  may  cancel  at  any  time.  If  you  do  not  cancel,  your  credit  card  will  automatically  be  charged  $8.99  plus  tax  for  the  monthly  subscription  and  will  be  charged  on  a  recurring  monthly  basis  every  thirty  (30)  days  thereafter  until  you  cancel  your  subscription.  To  cancel  your  subscription  online,  visit  the  Subscription  section  at  http:/www.panerabread.com/MyPaneraCoffee  or  on  the  Panera  Bread  app.  You  can  also  call  Panera  Customer  Service  at  1-855-372-6372  to  cancel  your  subscription.  Offer  limited  to  hot  coffee,  hot  tea  and  iced  coffee  plus  unlimited  refills.  Excludes  cold  brew  iced  coffee  and  espresso  and  cappuccino  beverages.  Subscription  program  registration  and  redemption  available  at  participating  U.S.  bakery-cafes  only.  Excludes  third  party  delivery  and  catering  orders.  One  subscription  per  person.  Visit  here  for  complete  Terms  and  Conditions.  No  cash  back  unless  required  by  law.  Not  valid  with  any  other  coupon  or  offer.  Offer  may  expire  without  notice  due  to  error,  fraud  or  other  unforeseen  circumstances.   ©  2020  Panera  Bread.  All  Rights  Reserved.

 

Pizza Hut’s Largest U.S. franchisee NPC International  Files for Chapter 11 Bankruptcy

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NPC International, Inc. (NASDAQ : NPCI), which owns over 1,200 of Yum Brands (NYSE:YUM) Pizza Hut restaurants and almost 400 Wendy’s locations (NASDAQ:WEN). files for Chapter 11 bankruptcy.

NPC International defaulted on the financial covenants in its lending agreement missing interest payments on almost  $800 million in loans that were due  in January 2020.

NPC’s restaurants will continue to operate while it goes through the reorganization  Chapter 11 process. Big decisions will get approved by the court.

Jon Weber, CEO of NPC’s Pizza Hut division, said in a statement the company will use Chapter 11 to “evaluate and optimize our restaurant portfolio so that we are best positioned to meet the needs of consumers across the country.”

Jon Weber is CEO of NPC’s Pizza Hut division. Jon is an energetic and results-driven restaurant executive with more than 24 years of proven success with well-known and respected brands in the restaurant industry.

Most recently Jon was the Chief Executive Officer and President for Apple Investor Group (AIG), a privately held, multi-brand   restaurant company. Preceding AIG, Jon held the position of Vice-President of Operations for Applebee’s International where he was directly responsible for both Company and Franchise Operations for 1,014 domestic Applebee’s locations with sales accountability exceeding $2.6B annually. Source NPC International

Pizza Hut, is owned by Yum! Brands (YUM)

Domino’s Pizza, Inc. (DPZ) NYSE  closed up +6.27 (+1.70%) At close: 4:00PM EDT

CWEB Analysts see   Yum! Brands (YUM)    as a potential  for short and long term growth and a great addition to one’s portfolio and upward of $129 by 20121

Pfizer With 52 Billion In Sales Saves the Stock Market Today Announcing Coronavirus Vaccine News

Pfizer Inc. (NYSE: PFE) reports  if the vaccine gets regulatory approval, it expects to make up to 100 million doses by year-end and “potentially” more than 1.2 billion by the end of 2021. Pfizer shares reached up  4.6% on the news, respectively BioNTech’s U.S.-listed shares rose 7%.

“We are encouraged by the clinical data of BNT162b1, one of four mRNA constructs we are evaluating clinically, and for which we have positive, preliminary, topline findings,” said Kathrin U. Jansen, head of vaccine research and development at Pfizer, in a release.

Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX)  announces preliminary data from the most advanced of four investigational vaccine candidates from their BNT162 mRNA-based vaccine program, Project Lightspeed, against SARS-CoV-2, the virus causing the current global pandemic. The BNT162 program is evaluating at least four experimental vaccines, each of which represents a unique combination of mRNA format and target antigen. The manuscript describing the preliminary clinical data for the nucleoside-modified messenger RNA (modRNA) candidate, BNT162b1, which encodes an optimized SARS-CoV-2 receptor binding domain (RBD) antigen, is available on an online preprint server at   https://www.medrxiv.org/content/10.1101/2020.06.30.20142570v1 and is concurrently undergoing scientific peer-review for potential publication. Overall, the preliminary data demonstrated that BNT162b1 could be administered in a dose that was well tolerated and generated dose dependent immunogenicity, as measured by RBD-binding IgG concentrations and SARS-CoV-2 neutralizing antibody titers. Source Pfizer

Pfizer quarterly corporate performance – second quarter 2020 announcement  will take place on July 28, 2020 10:00 AM.

Pfizer’s new CEO ALBERT BOURLA, DVM, PH.D.  nets $17.9M in 2019 pay after drug maker beats all financial targets. During his more than 25 years at Pfizer, Albert has built a diverse and successful career, holding a number of senior global positions across a range of markets and disciplines. Prior to taking the reins as CEO in January 2019, Albert served as the Pfizer’s Chief Operating Officer (COO) beginning in January 2018, responsible for overseeing the Company’s commercial strategy, manufacturing, and global product development functions. Source Pfizer

Pfizer earned $52.4 billion in revenue for 2019, ahead of the company’s target of $51.7 billion. Adjusted diluted earnings per share stood at $3.00, versus the $2.81 goal. Cash flow also exceeded the benchmark of $11.6 billion to reach $12.9 billion.

There are five FDA-approved antivirals  that assist in  COVID-fighting potential. These drugs come from from Roche, Gilead Sciences,   and Bristol-Myers Squibb Company (BMY) NYSE.

 

CWEB Analysts see   Pfizer Inc. (NYSE: PFE)as a potential  for long term growth and a great addition to one’s portfolio and upward of $150 by 20121

Stock Making Biggest Move Beyond Meat, Inc. Expanding in China’s $130 Billion Revenue Industry

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Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing food companies in the United States, offering an alternative choice to animal meat and offering plant-based meats.

With the global coronavirus pandemic disrupting the supply chain for beef and chicken, consumers have increasingly gravitated toward meat alternatives. Sales of plant-based meat products surged 264% in the U.S. in the early months of the lockdown.

Beyond Meat, Inc. (BYND) Nasdaq Beyond Meat announced it will be expanding into the China Market with a new distribution deal the stock Rose in early morning trade. Beyond Meat will continue to distribute its food through Sinodis a division of the French dairy maker and distributor Savencia. Chuck Muth said in a news release. “China is an important market given its large population and interest in plant-based proteins.”

Beyond meat was able to take an edge over meat due to the fact that meat distribution was seriously hampered by the Coronavirus pandemic.

First Quarter 2020 Net Revenues Increased 141% Year-Over-Year to $97.1 Million
Gross Profit Improved to $37.7 Million or 38.8% Gross Margin
Net income of $1.8 Million or $0.03 per Common Diluted Share
Source: https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2020-financial-results
Ethan Brown. Ethan Brown is the founder of Beyond Meat and has served as our President and Chief Executive Officer. Mr. Brown began his career with a focus on clean energy and the environment, serving as an energy analyst for the National Governors’ Center for Best Practices. Brown then joined Ballard Power Systems (NASDAQ: BLDP), a hydrogen fuel-cell company. Source: https://investors.beyondmeat.com/board-member-management/ethan-brown/

Top Institutional Holders

Holder Shares Date Reported % Out Value

Vanguard Group, Inc. (The) 3,137,839 Mar 30, 2020 5.04% 208,980,077

Susquehanna International Group, LLP 2,246,152 Mar 30, 2020 3.61% 149,593,723

Blackrock Inc. 1,263,717 Mar 30, 2020 2.03% 84,163,552

Barclays PLC 854,226 Mar 30, 2020 1.37% 56,891,451

Credit Suisse Ag/ 540,943 Mar 30, 2020 0.87% 36,026,803

Top Mutual Fund Holders

Holder Shares Date Reported % Out Value

Vanguard Total Stock Market Index Fund 1,127,143 Dec 30, 2019 1.81% 85,212,010

Vanguard Small-Cap Index Fund 999,493 Dec 30, 2019 1.61% 75,561,670

Vanguard Small Cap Value Index Fund 307,908 Dec 30, 2019 0.49% 23,277,844

 

CWEB Analysts see   Beyond Meat, Inc. (NASDAQ: BYND) as a potential  for long term growth and a great addition to one’s portfolio and upward of $200 by 20121

Technology Chip Winner Micron Beats Analysts’ Estimates of $5.31 Billion.

Micron Technology Inc (MU:NASDAQ) began as a four-person semiconductor design company in the basement of a Boise, Idaho, dental office. By 1980 Micron Technology had broken ground on their  first fabrication plant. and then just a few years later they  introduced the world’s smallest 256K DRAM. In 1994, they  earned a spot on the Fortune 500. Micron becomes one of the largest memory producers in the world with the purchase of Texas Instruments’ worldwide memory operations. Source: Micron

Micron Technology Inc (MU) beats third-quarter sales estimates . Shares traded  increased by almost 6% on  Monday’s after-market trading, June 29-2020. Micron earned 82 cents per share on a diluted basis, above the 77 cents per share estimate reported by analysts. The company beating analysts’ estimates of $5.31 billion.

RATIOS/PROFITABILITY(TTM) EPS2.00         Revenue19.6B     Gross Margin 30.33%

“Based on 25 analysts offering 12-month price targets for Micron in the last 3 months. The average price target is $66.05 with a high forecast of $100.00 and a low forecast of $35.00. The average price target represents a 28.82% increase from the last price of $51.28.” Source: Tip Ranks

Micron CEO Sanjay Mehrotra  :Mr. Mehrotra joined Micron in May 2017, after a long and distinguished career at SanDisk Corporation where he led the company from start-up in 1988 until its eventual sale in 2016. In addition to being a SanDisk co-founder, Mr. Mehrotra served as its president and CEO from 2011 to 2016, overseeing its growth to an industry-leading Fortune 500 company.

Broadcom Inc. (AVGO) Nasdaq is another winner. Jun 2020 Credit Suisse Reinstates Outperform buy rating on the stock.

Top7  Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Capital World Investors 38,343,106                     Mar 30, 2020           9.53%       9,091,150,432

Capital International Investors     34,403,752                     Mar 30, 2020           8.55%       8,157,129,599

Vanguard Group, Inc. (The)                   33,314,995                     Mar 30, 2020           8.28%       7,898,985,314

Capital Research Global Investors                         29,499,900                     Mar 30, 2020           7.33%       6,994,426,290

Blackrock Inc.         25,415,446                     Mar 30, 2020           6.32%       6,026,002,246

State Street Corporation                             16,237,418                     Mar 30, 2020           4.04%       3,849,891,807

Bank of America Corporation           8,013,851                         Mar 30, 2020           1.99%       1,900,084,072

 

CWEB Analysts see the stock as a potential  for long term growth and a great addition to one’s portfolio and upward of $69 by 20121

Google Has Acquired Smart Glasses Company North

Rick Osterloh Senior Vice President, Devices & Services has  announced that Google has acquired North, a pioneer in human computer interfaces and smart glasses. They have built a strong technology foundation, and we’re excited to have North join us in our broader efforts to build helpful devices and services. North’s technical expertise will help as we continue to invest in our hardware efforts and ambient computing future.

North produces smart glasses  displaying  computerized information superimposed over the real world. Google Alphabet Inc Class A  NASDAQ: GOOGLE made Google Glass that are glasses using augmented reality superimposed over the real world, privacy concerns became an issue and now sells them only to enterprises. The glassed compete with Microsoft’s Hololens.

North co-founder and CEO Stephen Lake was named one of Canada’s Top 20 under 20 in 2007 and one of the Next 36 entrepreneurial leaders of Canada in 2011. He has a degree in Mechatronics Engineering from the University of Waterloo, a certificate in Entrepreneurship from the University of Toronto, and has studied as a visiting scholar at the Swiss Federal Institute of Technology Zurich (ETH Zurich). He was an entrepreneur from a young age, attaching LED lights to radio-controlled trucks and selling them at age 13. Source Click here

Based on 31 analysts offering 12-month price targets for Alphabet in the last 3 months. The average price target is $1,523.40 with a high forecast of $1,800.00 and a low forecast of $1,237.00. The average price target represents a 8.51% increase from the last price of $1,403.90.Source: Tip Ranks

Google has always been on the forefront of innovation. Google has recently redesigned Chrome privacy and security settings on desktop so you can control your privacy and safety on the internet. The controls are easier to find with simple visuals that are easy to understand.

CEO Sundar Pichai joined Google in 2004, the same day that the US-based tech giant launched Gmail. He played an important role in the launch of several key products such as Google Chrome, Gmail, Google Maps, and expansion in cloud. One of the great achievements for Pichai was the development of the Chrome Browser that   occurred after Microsoft made Bing the default browser for Explorer.

Top 6 Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   23,162,950                     Mar 30, 2020           6.87%       26,934,109,889

Blackrock Inc.         20,264,225                     Mar 30, 2020           6.01%       23,563,443,472

Price (T.Rowe) Associates Inc           12,520,058                     Mar 30, 2020           3.71%       14,558,448,642

State Street Corporation                             11,814,026                     Mar 30, 2020           3.50%       13,737,467,573

FMR, LLC                           8,331,868                         Mar 30, 2020           2.47%       9,688,379,429

JP Morgan Chase & Company         3,707,376                         Mar 30, 2020           1.10%       4,310,973,886

Top 5 Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Total Stock Market Index Fund                           8,564,807                         Mar 30, 2020           2.54%       9,959,243,227

Vanguard 500 Index Fund                       6,164,495                         Mar 30, 2020           1.83%       7,168,136,430

Growth Fund of America Inc               3,425,469                         Dec 30, 2019             1.02%       4,579,920,562

SPDR S&P 500 ETF Trust 3,304,692                         Mar 30, 2020           0.98%       3,842,728,904

Price (T.Rowe) Blue Chip Growth Fund Inc.                       2,867,378                         Mar 30, 2020           0.85%       3,334,215,812

CWEB Analysts see Google as a potential  for long term growth and a great addition to one’s portfolio and upward of $2000 by 20121

 

Image Of A Massive Bat From Philippines Could Invade The World

Science currently indicates that the SARS-CoV-2 virus that causes COVID-19 potentially originated in one of the animal species sold in Chinese market. On March 17, researchers from the United States, United Kingdom and Australia published an article in Nature Medicine showing that SARS-CoV-2 was very similar to viruses present in bats and pangolins.

Scientists are still investigating the origins of how the virus responsible for the COVID-19 pandemic got into the human population.

“Bats have evolved some amazing mechanisms. They have a super robust anti-viral response but they have a very strict regulation of the inflammatory response, they have the best of both worlds,” says Arinjay Banerjee of McMaster University in Canada.

Public health experts do not know how SARS-CoV-2 transferred from animals to humans, but now that the virus is spreading directly between people, it has caused a global pandemic. Horseshoe bats in China have coronaviruses that are genetically similar to SARS-CoV-2 but, to date, it has not been found in bats or other wild animals. It’s true origin remains a mystery. Based on current knowledge, this virus likely passed through another animals and mutated before it jumped to humans. Experts think this likely occurred in a wildlife market, or wet market, in China where lots of different wildlife and humans are in close contact, making it easier for animals and humans to share viruses.

A Twitter user Alex (@AlexJoestar622), posted two pictures on his feed. They are apparently called  Golden-crowned flying foxes and are massive bats with fox-like faces and a wingspan that can extend up to about 5 1/2 feet.

Could the world be invaded with giant bats.   More to follow ……..