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Moderna (
MRNA) - Get Report posted stronger-than-expected first quarter earnings Thursday, and boosted its full-year vaccine sales forecast, but shares extended declines amid a revenue miss and concerns linked to the Biden administration s support for vaccine patent waivers.
Moderna posted diluted GAAP earnings of $2.84 per share, up from a 35 cents per share loss and well ahead of the Street consensus forecast of $2.39 per share. Group revenues, however, missed analysts estimates even though the total came in at $1.9 billion, thanks largely to around $1.7 billion in coronavirus vaccine sales.
Moderna said it sees full-year vaccine sales of around $19.2 billion, based on signed contracts, a figure that doesn t appear to be affected by any decision on patent waivers that may come later this quarter from the World Trade Organization.
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Health care worker Maggie Sedidi receives a Johnson & Johnson COVID-19 vaccine at a vaccination center in Soweto, South Africa, March 5, 2021. Credit:
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This week, South Africa resumed its rollout of Johnson & Johnson’s COVID-19 vaccine to health workers across the country.
The country had suspended the vaccine earlier this month over concerns of rare blood clots in the US.
South Africa, unlike the US, could not afford to indefinitely suspend its only current vaccine available, especially in light of an overall global shortage of shots, and a third wave of the coronavirus on the horizon.
Fortunately, South Africa s resumption of COVID-19 vaccinations has coincided with an extra 1.1 million vaccine doses that were produced locally by South African company Aspen Pharmacare.
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MEPs want to place a carbon levy on certain imports from less climate-ambitious countries, in order to raise global climate ambition.
The idea behind the levy is to stop so-called carbon leakage , something that happens when there is an increase in greenhouse gas emissions in one country, due to an emissions reduction by a second country with less strict rules.
Lawmakers in Brussels worry that the EU’s increased ambition on climate change might lead to carbon leakage , meaning that global climate efforts will be hampered if European production is just moved to non-EU countries that have less ambitious emissions rules.