Adobe Stock
President Joe Biden announced that pharma giants Merck and Johnson & Johnson will come together to help produce J&J’s one-shot COVID-19 vaccine, according to CNBC.
Under the deal, Merck will dedicate two facilities in the US to the vaccine one to produce the vaccine and the other as a “fill-finish” service to place the vaccine in vials. The Department of Health and Human Services (HHS) said the US will invoke the Defense Production Act to invest $105 million for Merck to convert, upgrade and equip the company’s facilities to the standards to safely manufacture the vaccine.
Officials scoured the county for manufacturing capacity after they realized that J&J had fallen short in its vaccine production, the article said. They sought a deal with Merck, which scrapped plans to develop its own vaccine in January.
10 Best Manufacturing Stocks To Buy Now
In this article we will take a look at the best manufacturing stocks to buy now. You can skip our detailed analysis of the manufacturing industry’s outlook for 2021 and some of the major growth catalysts for manufacturing stocks and go directly to
Manufacturing stocks languished throughout 2020, hammered by the coronavirus crisis that crushed demand worldwide. But data indicates that manufacturing is rebounding worldwide, and now might be the ideal time to pile into manufacturing stocks for long-term gains. According to Manufacturing ISM Report On Business, Manufacturing PMI index read 60.8% in February 2021, up 2.1% percentage points from the January. The report said that the latest figure shows the overall economy expanded for ninth months in a row after contracting in March, April and May. The New Orders Index came in at 64.8% while Production Index was 63.2%, a 2.5 percentage point rise from January. A reading above 50 indicates that m
Japan manufacturing expands at fastest pace in two years China’s private PMI expands at slowest pace in nine months PMI surveys show post-COVID-19 recovery yet to be bedded down (Adds European data, comment)
LONDON/TOKYO, March 1 (Reuters) - Demand for manufactured goods drove extended growth in factories across Europe and Asia in February, but a slowdown in China underscored the challenges countries face as they seek a sustainable recovery from the COVID-19 pandemic blow.
Restrictions imposed around the world to try and quell the spread of the coronavirus have shuttered vast swathes of the services industry, meaning it has fallen to manufacturers to support economies.
Restrictions imposed across the continent to try to quell the spread of the coronavirus have shuttered vast swathes of the bloc’s dominant services industry
Read more about Pent-up demand for manufactured goods driving global factory revival on Business Standard. Manufacturing activity in Japan expanded at the fastest pace in over two years