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After 85 days in hospital, this COVID-19 patient has a yearning for beer and a warning for us – OurWindsor.ca

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After 85 days in hospital, this COVID-19 patient has a yearning for beer and a warning for us | OurWindsor.ca

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Moderna surges 18% on report the stock will join the Nasdaq 100 and as analyst predicts 45% upside – Business Insider

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  • The Nasdaq on Monday announced that Moderna will be added to its Nasdaq 100 index in July. 
  • Shares of Moderna surged as much as 18% Monday. 
  • On Monday, Jefferies initiated coverage of Moderna with a “buy” rating and a price target of $90 on the potential that the pharmaceutical company’s COVID-19 vaccine is approved. 
  • That represents 45% upside from where shares of Moderna closed on Friday. Jefferies also thinks that if the COVID-19 vaccine is approved, it could generate more than $5 billion in annual sales at its peak. 
  • Watch Moderna trade live on Markets Insider. 
  • Read more on Business Insider. 

Shares of Moderna surged as much as 19% to $74.45 on Monday on news that it will be added to the Nasdaq 100 and a bullish analyst upgrade. 

Monday morning, the Nasdaq announced that Moderna will be added to its Nasdaq 100 index prior to market open July 20. Moderna will replace CoStar Group in the index, according to a press release

In addition, Jefferies initiated coverage of the pharmaceutical company Monday with a “buy” rating and a $90 price target, representing 45% upside from where the stock closed Friday. Shares of Moderna surged as much as 18% Monday. 

The bullish rating hinges on Moderna’s COVID-19 vaccine working and resulting in large government supply contracts, Jefferies equity analyst Michael Yee wrote in a Monday note. 

Read more: Jefferies says buy these 30 stocks best-positioned to beat the market as signs point to an economic rebound

“We think there is a good probability Moderna’s vaccine will work and get at least emergency use authorization in 2021,” Yee wrote. “We think a viable vaccine can generate billions in sales, which we see as reasonable given there would be high demand over the first 1-2 years.” 

In the first full year of sales of its potential vaccine, Jefferies’ model shows it could bring in $2 billion worldwide if roughly 50 million people get the vaccine at $50. This could grow to a peak of $5 billion between 2025 and 2026, according to the note. 

There is also further upside, according to Yee, if significantly more people get the vaccine and the price is pushed higher. “This can quickly get to big numbers of $10-20B+ in theory,” said Yee.

Read more: 174 units with no prior experience: Here’s the creative real-estate investing strategy a former Marine is using to generate ‘crazy’ cash flow

There are other catalysts that could drive shares of Moderna higher, including publication of the phase 1 details, preliminary data from the phase 2 study of patients in mid-2020, and potential phase 3 prevention data this year or next, or anticipated emergency use authorization or accelerated approval of its COVID-19 vaccine. 

Moderna is one of many pharmaceutical companies and biotech firms racing to develop a coronavirus vaccine. The company has a 30,000-person late-stage study set to begin sometime in July. 

Read more: A Wall Street investment chief dispels the notion that surging stocks are disconnected from the economy – and lays out 3 reasons why the market will continue to climb over the next year

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Montreal bar patrons, workers line up to get tested for COVID-19 – Winnipeg Sun

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Hundreds stood in line outside the old Hôtel Dieu hospital Sunday after public health officials called on bar patrons to get tested.

Roxane Paradis stood in line outside the old Hôtel Dieu Hospital for an hour Sunday as the weather shifted back and forth from sweltering heat to downpour.

She went to a pub last week and — after reports of COVID-19 outbreaks in several Montreal-area bars since they reopened earlier this month — Paradis wanted to err on the side of caution.

“I mean, my table was still wet from disinfectant and there were wooden dividers between booths, but I work with the public so I want to be safe,” said Paradis, a grocery store cashier. “I don’t have any symptoms, but I want to be sure I don’t have coronavirus and pass it on to someone vulnerable.”

She was also following the advice of Montreal’s public health officials, who recently called on anyone who’s been to a bar since July 1 to get tested for COVID-19.

“There are at least five bars in Montreal which have reported cases of COVID-19 among patrons or staff, and we’ve identified eight people who have been infected,” said Dr. David Kaiser said, an official with the city’s public health department.

“We know there are probably more cases out and we want to get out in front of this before we find ourselves dealing with a second wave.”

Montreal Mayor Valérie Plante reiterated Dr. Kaiser’s advice Saturday, tweeting that everyone who’s been to a bar since July 1 should get tested.

Though the number of daily cases is a far cry from what it was at the height of the pandemic in April and May, there are nearly 60,000 confirmed cases in Quebec and over 5,600 deaths attributed to the coronavirus.

Last week, in the Montérégie region, a spike in coronavirus cases was attributed to two large house parties and a bar that allowed patrons to break social distancing rules. Over 20 of 60 attendees at a house party tested positive for COVID-19, according to  Dr. Julie Loslier, the region’s public health director.

Paradis, who — like just about everyone in line at the testing centre Sunday — wore a mask, says it’s regrettable some people aren’t respecting public health guidelines. Throughout most of the pandemic, her only contact with her parents was to drop off groceries for them and speak at a distance.

One bar employee who stood in line Sunday said she saw the public notices about testing and wanted to be safe. Her colleagues are doing the same.

“Bar workers are taking the guidelines seriously, it’s encouraging,” said the woman, who did not want to give her name for fear of drawing negative attention to her place of work. “But some customers would come in and say ‘This is the fourth bar we’ve been to tonight.’ That’s not the best idea, in the middle of a pandemic.”

It will take a few days to determine whether a spike in Montreal cases can be linked to the reopening of bars, but Sunday at Hôtel Dieu, a cue stretched around the building and into the parking lot. Most of those in line appeared to be in their 20s and 30s.

Anyone who needs to be tested can call 514-644-4545.

Note to readers: All our coronavirus-related news can always be found at montrealgazette.com/tag/coronavirus.

Sign up for our email newsletter dedicated to local COVID-19 coverage at montrealgazette.com/coronavirusnews.

Help support our local journalism by subscribing to the Montreal Gazette here.

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Montreal bar patrons, workers line up to get tested for COVID-19 – Canada.com

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Hundreds stood in line outside the old Hôtel Dieu hospital Sunday after public health officials called on bar patrons to get tested.

Roxane Paradis stood in line outside the old Hôtel Dieu Hospital for an hour Sunday as the weather shifted back and forth from sweltering heat to downpour.

She went to a pub last week and — after reports of COVID-19 outbreaks in several Montreal-area bars since they reopened earlier this month — Paradis wanted to err on the side of caution.

“I mean, my table was still wet from disinfectant and there were wooden dividers between booths, but I work with the public so I want to be safe,” said Paradis, a grocery store cashier. “I don’t have any symptoms, but I want to be sure I don’t have coronavirus and pass it on to someone vulnerable.”

She was also following the advice of Montreal’s public health officials, who recently called on anyone who’s been to a bar since July 1 to get tested for COVID-19.

“There are at least five bars in Montreal which have reported cases of COVID-19 among patrons or staff, and we’ve identified eight people who have been infected,” said Dr. David Kaiser said, an official with the city’s public health department.

“We know there are probably more cases out and we want to get out in front of this before we find ourselves dealing with a second wave.”

Montreal Mayor Valérie Plante reiterated Dr. Kaiser’s advice Saturday, tweeting that everyone who’s been to a bar since July 1 should get tested.

Though the number of daily cases is a far cry from what it was at the height of the pandemic in April and May, there are nearly 60,000 confirmed cases in Quebec and over 5,600 deaths attributed to the coronavirus.

Last week, in the Montérégie region, a spike in coronavirus cases was attributed to two large house parties and a bar that allowed patrons to break social distancing rules. Over 20 of 60 attendees at a house party tested positive for COVID-19, according to  Dr. Julie Loslier, the region’s public health director.

Paradis, who — like just about everyone in line at the testing centre Sunday — wore a mask, says it’s regrettable some people aren’t respecting public health guidelines. Throughout most of the pandemic, her only contact with her parents was to drop off groceries for them and speak at a distance.

One bar employee who stood in line Sunday said she saw the public notices about testing and wanted to be safe. Her colleagues are doing the same.

“Bar workers are taking the guidelines seriously, it’s encouraging,” said the woman, who did not want to give her name for fear of drawing negative attention to her place of work. “But some customers would come in and say ‘This is the fourth bar we’ve been to tonight.’ That’s not the best idea, in the middle of a pandemic.”

It will take a few days to determine whether a spike in Montreal cases can be linked to the reopening of bars, but Sunday at Hôtel Dieu, a cue stretched around the building and into the parking lot. Most of those in line appeared to be in their 20s and 30s.

Anyone who needs to be tested can call 514-644-4545.

Note to readers: All our coronavirus-related news can always be found at montrealgazette.com/tag/coronavirus.

Sign up for our email newsletter dedicated to local COVID-19 coverage at montrealgazette.com/coronavirusnews.

Help support our local journalism by subscribing to the Montreal Gazette here.

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