Scientists Reveal Potency and Evasiveness of Coronavirus

Scientists Reveal Potency and Evasiveness of Coronavirus
May 11, 2020

SARS-CoV-2, the virus that causes COVID-19, is extremely infectious. Curiously, in lots of sufferers, it triggers poor immune responses, which prolongs sickness. This helps the virus spread broadly, exacerbating the worldwide pandemic. In a new examine featured in the Proceedings of the National Academy of Sciences, researchers at the University of Minnesota recognized the biochemical mechanism that will clarify how the virus infects people while evading their immune responses. This study,…

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Peloton Posts Hike in Memberships and Huge Revenue in Q3 Amid Coronavirus

Peloton Posts Hike in Memberships and Huge Revenue in Q3 Amid Coronavirus
May 7, 2020

Peloton bested Wall Road’s excessive expectations, delivering a huge quarterly earnings report Wednesday that confirmed revenues are hiking 66%. In after-hours trading, the linked fitness firm’s stock rebounded around rising and dipping below the stock’s previous all-time high. The corporate posted total revenues of $524.6 million for the quarter, beating estimates of $488.5 million. The corporate detailed a loss of $.20/share. Whole members grew from 2 million in Q2 to…

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Wall Street To Ask Disney Questions on Coronavirus Impact

Wall Street To Ask Disney Questions on Coronavirus Impact
May 4, 2020

Walt Disney’s acquisitions race that included swallowing much of Rupert Murdoch’s 21st Century Fox in 2019, and a reputation for operational excellence, turned the company into the world’s strongest entertainment machine. That girth has now made it the most vulnerable amongst media firms through the global coronavirus pandemic. On Tuesday, Wall Street will assess the level of injury and look for indicators of a bottom. With sports leagues dormant, Disney’s…

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HKUST Engineers Develop Antiviral Coating to Protect Surfaces from Coronavirus like Viruses

HKUST Engineers Develop Antiviral Coating to Protect Surfaces from Coronavirus like Viruses
April 27, 2020

Researchers at a Hong Kong university say they’ve developed an antiviral coating which could provide 90 days of important safety against bacteria and viruses such as the one causing COVID-19. The coating, referred to as MAP-1, took ten years to develop and will be sprayed on surfaces that are continuously utilized by the public, such as elevator buttons and handrails, researchers at the Hong Kong University of Science and Technology (HKUST) say. The coating…

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Boeing Recruits Lazard, Evercore to Evaluate Government Grant or Private Loans

Boeing Recruits Lazard, Evercore to Evaluate Government Grant or Private Loans
April 13, 2020

Boeing has employed investment banks Lazard and Evercore to evaluate potential U.S. government help or private sector loans, a person briefed on the matter confirmed Friday. The largest U.S. plane manufacturer asked in March for at least $60 billion in U.S. government loan guarantees for itself and other American aerospace manufacturers to assist the embattled industry in withstanding a coronavirus-related cash drain. Boeing has noted that typically 70% of its…

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Abbot Wins FDA Approval for New Coronavirus Testing Kit

Abbot Wins FDA Approval for New Coronavirus Testing Kit
March 19, 2020

The U.S. Food and Drug Administration (FDA) Wednesday granted Abbott Laboratories approval to sell a test for the novel coronavirus, as more firms start producing much-needed diagnostics for the pathogen that has ignited a global pandemic. The tests will help meet a significant U.S. shortfall of diagnostic capabilities that has severely limited the nation’s ability to track the spread of COVID-19. The rise in U.S. cases of the novel coronavirus,…

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U.S. Congress Assigns $8.3 Billion Emergency Funds for Coronavirus Care

U.S. Congress Assigns $8.3 Billion Emergency Funds for Coronavirus Care
March 5, 2020

Congress Wednesday approved $8.3 billion in emergency funding to respond to the spreading novel coronavirus, which has already infected 80 people across 13 states and killed nine in the U.S. alone. Over $3 billion of that investment will go to the R&D of vaccines, therapeutics and diagnostics — and some will likely go into the corporations working on technologies to fight the disease. Additional $2.2 billion will fund the Centers for…

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British Domestic Carrier Flybe Enters into Administration as it Fails to Bear Plunging Demand

British Domestic Carrier Flybe Enters into Administration as it Fails to Bear Plunging Demand
March 5, 2020

British regional airline Flybe stated early Thursday it entered into administration, as the already struggling carrier didn’t face up to the fall in travel demand caused by the coronavirus. The airline’s failure puts 2,000 jobs in danger and causes trouble for PM Boris Johnson and his plan to lift local transport links. A UK government spokesperson stated the federal government was working closely with the airline sector to reduce any disruption…

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