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One Massachusetts biotech stock reports positive results from its vaccine trial.
Moderna (NASDAQ: MRNA) is working with the National Institute of Allergy and Infectious Diseases (NIAID).
The government agency has been testing the Covid-19 vaccine with 45 individuals. Participants received two injections spaced two weeks apart.
100% of the individuals developed Covid-19 antibodies.
Initial results show that there were no negative effects on patients.
Moderna stock surged 24% on the positive news.
Moderna shares are up 151% since I recommended shares to my readers on Feb. 27.
In late February, I alerted my readers to the top biotechs working on a Covid-19 drug. And Moderna was one of my top picks.
Developing a vaccine for the virus is key to getting the economy back on track. And if Moderna’s vaccine proves effective – it could help us finally put an end to the pandemic.
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The Big News . . .
Stock Rental Royalties Pays $2,541 Per Month
Regular Americans are cashing HUGE checks – using Stock Rental Royalties. This unusual program lets you collect cash payments from America’s best companies. And you don’t even need to own a single share of stock! Click here for details on the next payment.
Federal Reserve: Economic Recovery Will Last Until 2021
Federal Reserve Chairman Jerome Powell says the economic recovery will take time. Powell was interviewed on 60 Minutes. In the interview, he said the recovery could continue through the end of 2021.
Massachusetts Re-Opens This Week
Massachusetts is expected to ease stay-at-home orders this week. The state has been one of the hardest-hit areas in the northeastern U.S. More than two-thirds of states have begun the process of re-opening.
Uber Cuts 3,700 Jobs
Uber (NASDAQ: UBER) continues with cost-cutting measures. The company will close 45 offices and eliminate 3,000 jobs. Previously, Uber announced 3,700 layoffs and over $1 billion in annual savings. The combined moves reduce the company’s headcount by 25%.
Hertz Prepares for Bankruptcy
Hertz (NYSE: HTZ) has seen its business destroyed by the pandemic. Today, Hertz announced it was promoting a new CEO from within the company. Hertz also hired an advisor to help the company prepare for a bankruptcy and re-organization.
New $1 Trillion Stimulus
Republicans on Capitol Hill are starting work on another stimulus bill. This one is expected to top $1 trillion and include huge spending on infrastructure projects including 5G. Go here for the top All American 5G stocks to BUY NOW.
The Coronavirus Numbers
Here are the numbers from Monday at 12 p.m. ET:
- 4,841,244 Infected worldwide
- 317,379 Deaths
- 1,532,384 Infected in the U.S.
- 91,078 Deaths in the U.S.
What’s Next
U.S. stock markets rallied on Monday morning.
Positive news from Moderna outweighed the bleak outlook from Jerome Powell. The financial markets are looking for a vaccine to end the pandemic forever.
Moderna’s vaccine trials announcement is a positive development. It shows that it’s possible that a vaccine could be developed and available in 2021.
In mid-day trading, U.S. stocks were posting 3% gains.
U.S. stocks have been moving higher since late March. And this news simply adds to the bullish outlook for the market.
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