Stocks are surging today. One Massachusetts biotech firm named Moderna (NASDAQ: MRNA) is creating a Covid-19 vaccine. And early results for the Moderna vaccine are very, very promising.
Moderna just conducted the first clinical trial of its Covid-19 vaccine on 45 healthy adults.
The results showed that 100% of the adults developed antibodies to fight the virus after receiving the Moderna vaccine.
Additionally, none of the adults had negative health effects as a result of the Moderna vaccine.
These results pave the way for a larger Phase 3 clinical trial of the Moderna vaccine starting July 27. It will include 30,000 adults. 50% of them will receive the Moderna vaccine, and 50% will receive a placebo.
Moderna shares were trading at nearly $85 this morning. The stock was trading up nearly 13% for the day.
My clients received a BUY ALERT on Moderna in February when shares were trading at $32. Shares have since surged 165% on optimism regarding the Moderna vaccine for Covid-19.
The Big News…
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Schools Struggle with Reopening
Schools across America are grappling with the decision regarding reopening in the fall. California’s two largest school districts – Los Angeles and San Diego – will be 100% online this autumn. And other schools are considering online options.
WHO Warns of Low Childhood Vaccination Rates
Many kids are not receiving regular vaccinations. That’s because parents are concerned about taking their kids to the doctor. As a result, the WHO is warning that low immunization of kids could create bigger problems than Covid-19.
Florida Reports 31% of Kids Testing Positive
Florida is the current epic center of the outbreak. The state is reporting 11% positivity for the virus. Meanwhile, 31% of kids are testing positive.
WARNING: Apple’s Shocking Earnings Report. America’s biggest stocks are reporting earnings. The results will reveal the huge impact of the outbreak. And will shock investors.
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The Coronavirus Numbers
Here are the numbers from Wednesday at 10:30 a.m. ET:
- 13,505,068 Infected worldwide
- 582,340 Deaths
- 3,549,519 Infected in the U.S.
- 139,202 Deaths in the U.S.
Stocks are rising again on news of Moderna vaccine against Covid-19.
The major indices are up around 1% in Wednesday trading.
Meanwhile, better-than-expected earnings appeared from Goldman Sachs (NYSE: GS). The bank reported a $2.4 billion profit last quarter – more than double the expectations.
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Yours in Health & Wealth,