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Trump Administration Collaborates with Moderna to Produce 100 Million Doses of COVID-19 Investigational Vaccine

CWEB Staff

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August 12, 2020

Trump Administration Collaborates with Moderna to Produce 100 Million Doses of COVID-19 Investigational Vaccine

Under the leadership of President Trump, the U.S. Department of Health and Human Services (HHS) and Department of Defense (DoD) today announced an agreement with Moderna, Inc. to manufacture and deliver 100 million doses of the company’s COVID-19 vaccine candidate. The federal government will own these vaccine doses.

Moderna will manufacture the vaccine doses while clinical trials are underway. Manufacturing in parallel with clinical trials expedites the traditional vaccine development timeline and builds toward the U.S. government’s Operation Warp Speed goal to begin delivering safe and effective vaccines to the American people by the end of the year. If the U.S. Food and Drug Administration (FDA) authorizes use as outlined in agency guidance, the vaccine doses would be distributed and used as part of a COVID-19 vaccination campaign.

The vaccine, called mRNA-1273, has been co-developed by Moderna and scientists from the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health. NIAID has continued to support the vaccine’s development including nonclinical studies and clinical trials. Source Defense Department

Today’s award of up to $1.525 billion is for the manufacturing and delivery of 100 million doses of mRNA-1273 including incentive payments for timely delivery of the product. With the previous award of up to $955 million from BARDA for the development of mRNA-1273 to licensure, today’s announcement brings the U.S. government commitments for early access to mRNA-1273 to up to $2.48 billion. Under the terms of the agreement, the U.S. government, as a part of Operation Warp Speed, will also have the option to purchase up to an additional 400 million doses of mRNA-1273 from Moderna. The U.S. government has announced that consistent with its commitment to free access to COVID-19 vaccines, Americans will receive mRNA-1273 at no cost for the vaccine itself. As is customary with government-purchased vaccines, healthcare professionals could charge for the cost of administering the vaccine. Source Moderna Investor Relations

United Nations COVID-19 Response

Ed Sheeran and wife Cherry Seaborn ‘expecting their first child together any day

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August 12, 2020

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Ed Sheeran and wife Cherry Seaborn ‘expecting their first child together any day

View this post on Instagram

This is the final video from my no.6 collaborations project, it’s for Put It All On Me feat @ellamai, enjoy x (link in bio)

A post shared by Ed Sheeran (@teddysphotos) on Dec 22, 2019 at 2:01am PST

Ed Sheeran and Cherry are childhood sweetheart, they met while they were in school.

The couple are reportedly expecting the child in the coming weeks after keeping pregnancy quiet during lockdown.

A source told The Sun: ‘Ed and Cherry are over the moon. They’re very excited, but have kept things very low key.

‘Lockdown was a perfect excuse not to be seen out and about too much, but things are getting closer and the excitement has been building so they have started telling friends and family.

Photo Credit : Instagram Ed Sheeran

Tesla Approves Five For One Stock Split

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August 12, 2020

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If Tesla’ stock price was to remain the same until the end of the month, it will be trading at around $300- $400 per share after the stock split.

Tesla (NASDAQ:TSLA) has approved a five-for-one split to make stock ownership more accessible to employees and investors. Each stakeholder of record on August 20 will receive a dividend of four additional shares that will begin trading on a stock split August 31.

Stock splits have become rare on Wall Street in recent years, with just three S&P 500 components announcing splits in 2020, compared with an average of 10 a year over the past decade, according to S&P Dow Jones Indices.

Tesla in July posted a second-quarter profit as cost cuts and strong deliveries helped offset coronavirus-related factory shutdowns, clearing a hurdle that could lead to the carmaker’s inclusion in the S&P 500 index.

Elon Musk has also criticized Tesla price as to high.

Last week Apple (NASDAQ:AAPL) announced a 4-for-1 split also. as well as criticism from Elon Musk that Tesla’s stock price was too high.

Photo by Afif Kusuma on Unsplash

Disney Ends the 20th Century Fox Brand

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August 11, 2020

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Disney drops the Fox name from its brand. Disney (DIS) announced on Monday it renamed, 20th Century Fox Television, as 20th Television as a rebranding effort deleting “Century” and “Fox” from the studio’s name.

ABC Studios and ABC Signature Studios will get a new name change to ABC Signature. And, Fox 21 Television Studios will change its name to Touchstone Television. Disney closed a $71 billion deal to acquire many of Fox’s assets in 2019.

“Our new studio names and logos mark a new day for ABC Signature, 20th Television and Touchstone Television while honoring their rich histories and the creative power of The Walt Disney Company,” Craig Hunegs, Disney television studios president, said in a statement.

The remaining assets from Fox, Fox Entertainment, Fox Sports and Fox News are a part of Fox Corporation, which is not a part of Disney.

In other news Besides advance reservations required, the Disney theme parks feel surreal to customers due to Covid-19 safety protocols put in place.

Florida has the highest reported cases of Coronavirus.

Some investors are very worried about Disney since it took a nearly US$5 billion charge due to the pandemic and shifting media habits. COVID-19 wiped out US$3.5 billion in operating profit in the parks division.

“The majority of businesses worldwide have experienced unprecedented disruption as a result of the pandemic,” Disney Chief Executive Bob Chapek told analysts. “Most of our businesses were shut down, and this had a huge impact.”

Photo by Morning Brew on Unsplash

Partial Photo Image Credit : CWEB

Biden Picks Kamala Harris for Vice President

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August 11, 2020

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Biden Picks Kamala Harris for Vice President

The nomination will be accepted at the Democratic nominations during the Democratic convention that will be held virtually next week.

Biden tweeted- “I have the great honor to announce that I’ve picked Kamala Harris,” He called Harris a “fearless fighter” for the “little guy.”

Biden also sated – I’ve decided that Kamala Harris is the best person to help me take this fight to Donald Trump and Mike Pence and then to lead this nation starting in January 2021,” Biden said in an email to supporters announcing his VP pick. Source The Hill

Kamala Harris is an American lawyer and politician serving as the junior United States Senator from California since 2017. A member of the Democratic Party, Harris is the second African American woman and the first South Asian American to serve in the United States Senate.[3][4] Harris was selected as Joe Biden’s running mate as vice president in the 2020 election.

Born in Oakland, California, Harris is a graduate of Howard University and University of California, Hastings College of the Law. Harris began her career in the Alameda County District Attorney’s Office before being recruited to the San Francisco District Attorney’s Office and later the City Attorney of San Francisco’s office. In 2003, she was elected the 27th District Attorney of San Francisco, serving until 2011.

Harris was narrowly elected Attorney General of California in 2010 and was re-elected in 2014. Harris faced criticism from reformers for tough-on-crime policies she pursued while she was California’s attorney general. In November 2016, she defeated Loretta Sanchez in the 2016 Senate election to succeed outgoing Senator Barbara Boxer, becoming California’s third female U.S. Senator. As a senator, she has supported healthcare reform, federal de-scheduling of cannabis, a path to citizenship for undocumented immigrants, the DREAM Act, a ban on assault weapons, and progressive tax reform. She gained a national profile after her pointed questioning of Trump administration officials during Senate hearings, including U.S. Attorneys General Jeff Sessions and William Barr, and Associate Justice nominee Brett Kavanaugh.

Harris ran for the Democratic nomination for President of the United States in the 2020 election, briefly becoming one of the highest-profile candidates before ending her campaign on December 3, 2019, citing lack of funds to continue. She is Joe Biden’s vice-presidential running mate in 2020. Source Wikipedia

Stay tuned for more to follow….

Instacart Partners with Walmart’s Sam’s Club for Same-Day Delivery Competing with Amazon-Whole Foods

CWEB Staff

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August 11, 2020

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Instacart Partners with Walmart’s Sam’s Club for Same-Day Delivery Competing with Amazon-Whole Foods

Amazon will now face competition from Walmart owned Sam’s Club for same day delivery. If the partnership goes well, it could mean that Instacart will deliver goods from Walmart super centers.

Sachin Padwal, Sam’s Club’s VP of Omnichannel and In-Club Product says in the press release, “Instacart is a trusted partner by so many customers, we are thrilled to be launching this service with them.”

Walmart (WMT) moved up 1.96%, moving +1.96% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.27% and closed the most recent trading day at $131.88.

Walmart (WMT) earnings release of earnings of $1.22 per share is expected by August 18, 2020. That is down 3.94%.

In other news- Walmart is lifting the curtain on plans for the Walmart Drive-in, a drive-in movie theater experience, which is rolling into 160 Walmart stores across the country beginning this month, created in partnership with the Tribeca Film Festival. Source Walmart Investor Relations

Available for free to Walmart customers, the Walmart Drive-in will transform Walmart parking lots into outdoor cinemas from August 14 through October 21 with 320 showings of hit movies. Starting today at 5:00 p.m. ET, families can visit TheWalmartDriveIn.com to discover dates, store locations and the movies for each stop of the movie tour.-

Doug McMillon is president and CEO of Walmart Inc. Under Doug’s leadership, Walmart is making life easier for busy families and building trust with customers. It is investing heavily in associate wages, benefits, and education–including a debt-free, dollar-a-day college program and an expanded parental leave policy. And, it launched an ambitious program, Project Gigaton, to combat climate change and work with suppliers to avoid 1 billion metric tons of emissions worldwide. Source: Walmart Executive Team

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Source Walmart Investor Relations

Photo Credit : Instacart

Martin Scorsese Signs First-Look TV and Film Deal with Apple TV+ as Part of First-Look Deal

CWEB Staff

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August 11, 2020

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Martin Scorsese Signs First-Look TV and Film Deal with Apple TV+ as Part of First-Look Deal

Killers of the Flower Moon,” which is currently in pre-production will produce and direct projects for Apple TV+ as part of the multi-year deal.

“Based on David Grann’s book of the same name, Killers of the Flower Moon tells the story of the Osage Indian Nation murders in 1920s Oklahoma, which dovetailed with the rise of the FBI. “We think it’s a Western,” Scorsese said previously of the project.” Vanity Fair reports

“Paramount, the distributor of the film, reportedly told Scorsese this spring to seek out other partners as the movie’s budget ballooned to over $200 million. Apple stepped in to finance the project and serve as its creative studio.” Indiewire Reports

Apple in a partnership with A24 has acquired finished films such as the documentary “Boys State,” for $12 million at the Sundance Film Festival .It also acquired “Greyhound,” the Tom Hanks World War II drama from Sony for $70 million.

Sikelia Productions manages and produces Scorsese’s productions. Leonardo DiCaprio’s Appian Way Productions signed a multi-year TV and film first-look that Elisabeth Moss would be starring in a limited series.

Photo Source:Wikipedia

Bubble Up or Shut Down

CWEB Staff

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August 11, 2020

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According to MLB commissioner Rob Manfred, they are internally holding “preliminary discussions” about having its playoffs in a bubble-like model. The discussions have come after outbreaks within the St. Louis Cardinals and Miami Marlins have led to numerous postponed games.

MLB is looking at a multi-city format, much like the NHL did with Toronto and Edmonton, and could hold its wild-card round in three hub cities before holding later rounds in two cities.

The report cited no regional areas have emerged for potential host cities, although Chicago, New York and Southern California could stand out because they all have multiple MLB teams and stadiums.

COVID-19 outbreaks and postponed games have taken the spotlight in professional sports during the early portion of the season even though they have been limited to the Marlins and Cardinals.

Miami’s season was on hold for eight days, while St. Louis has not played since July 29. The Cardinals saw two series against the Detroit Tigers, as well as National League Central series against the Milwaukee Brewers, Chicago Cubs and Pittsburgh Pirates, postponed.

Finishing the 60-game season in a small window will be difficult for the Cardinals at this point, even with 7-inning doubleheaders now in play.

Such a delay because of an outbreak would completely compromise baseball’s playoffs, which will be expanded to 16 teams this year.

The plan as of now is for the higher seeds in each league to host every contest of the best-of-three wild-card round games, but later series would feature much more traveling. Holding the postseason in a bubble would cut down on that travel and theoretically expose the players and staff to less risk.

The NBA and NHL have proved that it is possible to hold sports amid the COVID-19 pandemic in a bubble-like environment and avoid outbreaks, and Major League Baseball reportedly may follow suit.

I’ve repeatedly questioned commissioner Rob Manfred, MLB owners, and the MLB Player’s Union decision to play the 2020 60-game season globally in 30 cities & 30 stadiums. It’s irresponsible and the Coronavirus will continue to spread unless they jointly agree to finally bubble up; before it’s too late.

Photo Credit : Pixfuel

S&P 500 hitting record territory

CWEB

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August 11, 2020

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Stocks continue to shrug off the latest U.S.-China tensions as President Trump explores a variety of tax cuts while lawmakers attempt to restart talks over a covid-19 stimulus package. Contracts tied to the S&P 500 suggest increase at the opening bell gain. Dow futures are recording even bigger gains as investors extend a rotation into growth value stocks.

The broader market index gained 0.5% and was within half a percent of reaching its Feb. 19 record of 3,393.52. The Dow Jones Industrial Average jumped 350 points, or 1.3%. The Nasdaq Composite struggled, however, sliding 0.4%.

Photo by Austin Distel on Unsplash

SoftBank Japans Tech Giant Rise On Investments

CWEB

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August 11, 2020

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SoftBank Japans Tech Giant Rise On Investments

Japanese technology giant SoftBank Group Corp.’s said Tuesday that its profit rose 14% in April to June from a year earlier as its investments added to its bank sheet, including sales of its shares in U.S. carrier T-Mobile.

Chief Executive Masayoshi Son said the company already has raised in several months nearly all the 4.5 trillion yen ($41 billion) it had promised in March to attain within a year.

Other companies in the SoftBank fold include British “Internet of Things” company Arm and Brightstar Corp., a U.S. wireless service provider Tmobile / Sprint. The Pepper humanoid robot is also a SoftBank product.

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Trump Administration Collaborates with Moderna to Produce 100 Million Doses of COVID-19 Investigational Vaccine

Ed Sheeran and wife Cherry Seaborn ‘expecting their first child together any day

Tesla Approves Five For One Stock Split

Disney Ends the 20th Century Fox Brand

Biden Picks Kamala Harris for Vice President

Instacart Partners with Walmart’s Sam’s Club for Same-Day Delivery Competing with Amazon-Whole Foods

Martin Scorsese Signs First-Look TV and Film Deal with Apple TV+ as Part of First-Look Deal

Bubble Up or Shut Down

S&P 500 hitting record territory

SoftBank Japans Tech Giant Rise On Investments

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