Basel, Switzerland…Roche today announced that the U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the cobas® SARS-CoV-2 Test. It is intended for the qualitative detection of SARS-CoV-2, the virus that causes COVID-19 disease, in nasopharyngeal and oropharyngeal swab samples from patients who meet COVID-19 clinical and/or epidemiological criteria for […]
Secaucus, NJ…Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, has launched a coronavirus (COVID-19) test service. The new test service aids the presumptive detection of nucleic acid in respiratory specimens of patients meeting CDC’s clinical criteria for COVID-19 testing. Quest was in position to receive specimens for testing, and begin to […]
New York NY… The markets had one of their worst days in years and oil had its worst day since the Gulf War. Demand softening with the Coronavirus affecting airline travel and travel in general combined with a price war in crude from Russia & Saudi Arabia greased the slide. The spilled oil prices led […]
Washington, DC…Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities. This news release […]
Washington, DC…The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage […]
New York, NY…The Dow Average soared to 26,703.32 +1,293.96 (5.09%). This was the largest single day point gain in history. The NASDAQ & S&P 500 all set records as well. What tomorrow holds we will see but for now it looks as if the markets are on the road to recovery even as the Coroavirus […]
New York, NY…The financial markets have opened up slightly this morning in early trading. Traders are looking for profit opportunities and the Fed was active in repos overnight as well. Have we found the bottom? Who knows but aggressive searching for footing is underway…
Kiryat Shmona, Israel…After 4 years of research funded by Israel’s Ministry of Science & Technology, MIGAL’s researchers have developed an effective vaccine against avian coronavirus Infectious Bronchitis Virus (IBV), to be adapted soon and create a human vaccine against COVID-19. Israel’s Minister of Science and Technology, Mr. Ofir Akunis, commented: “Congratulations to MIGAL on this […]
New York, NY…Coronavirus Fever Melts Dow For Another Day. The Down Jones Index dropped over 1,100 points and ends session down −1,190.95 to 25,766.64. If China can be seen as moving beyond crises downward pressure many slow tomorrow. Some Chinese factors are offering bonuses for workers to return to work.
Burbank, CA…The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Bob Chapek has been named Chief Executive Officer, The Walt Disney Company, effective immediately. Mr. Chapek most recently served as Chairman of Disney Parks, Experiences and Products. Robert A. Iger assumes the role of Executive Chairman and will direct the Company’s creative […]
