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Canada set to receive 910000 COVID-19 vaccine doses this week – CP24 Toronto's Breaking News

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OTTAWA — Canada is set to receive 910,000 COVID-19 vaccine doses this week as pharmaceutical companies ramp up deliveries to make good on their contractual obligations by the end of the month.

The Public Health Agency of Canada says the country will receive nearly 445,000 shots from Pfizer-BioNTech for the second week running as the companies settle into a rhythm following a lengthy lull in January and much of February.

The remaining 465,000 shots are expected from Moderna, as the pharmaceutical firm steps up its delivery schedule from once every three weeks to once every two.

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The influx of new shots comes as the federal government looks for vaccine-makers to finalize delivery of a total of eight million doses by March 31.

That includes 5.5 million from Pfizer-BioNTech – up from the four million originally expected – and two million from Moderna. Canada received 500,000 doses of the AstraZeneca-Oxford vaccine last week.

The federal government is not expecting any new deliveries from AstraZeneca-Oxford, nor does it anticipate receiving shipments of the newly approved vaccine from Johnson & Johnson until next month.

At that point, however, both manufacturers are on tap to deliver millions of shots per month.

That includes more than a million doses per week from Pfizer-BioNTech starting in the last week of March and into the following month.

“In April, we are anticipating a steep increase in vaccine availability,” Maj.-Gen. Dany Fortin, the military officer overseeing Canada’s inoculation distribution effort, said last week.

“This includes 23 million doses of both Pfizer and Moderna between April and June, and at least 1.5 million doses of the AstraZeneca Serum Institute of India vaccine arriving by mid-May.”

Johnson & Johnson, whose single-dose vaccine received Health Canada approval on Friday, is the fourth inoculation to receive the green light from the regulator.

It uses a modified common-cold virus to carry a piece of the SARS-CoV-2 virus that causes COVID-19 to convince the body to mount an immune response to prevent future infections.

Clinical trials found it to be 66 per cent effective against moderate COVID-19-related illness, 85 per cent effective against severe illness, and 100 per cent effective against death.

“We can be really increasingly optimistic in our outlook and that is really great,” Dr. Theresa Tam, Canada’s chief public health officer, said on Friday.

Procurement Minister Anita Anand said the government has now confirmed total deliveries of 36.5 million vaccine doses by Canada Day which would be more than enough to get a single dose to each adult Canadian by then.

That doesn’t include any of the 10 million doses purchased from Johnson & Johnson, and includes none of the 20 million doses coming directly from AstraZeneca.

Every vaccine except Johnson & Johnson’s is given in two doses, but provinces are moving to implement new guidance from the National Advisory Committee on Immunization stating those shots should be spaced out up to four months apart rather than three or four weeks.

Provinces are making the move to get more people vaccinated with a first dose, after real-world evidence showed strong data that one dose is highly effective on its own.

Nearly 1.7 million Canadians have now received at least one dose, and the pace of vaccinations has accelerated in the last two weeks. In the past seven days alone, more than 457,000 people were vaccinated, 2 1/2 times as many as in a similar period two weeks before.

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Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin's Fourth Halving Arrives – Investor's Business Daily

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[unable to retrieve full-text content]

  1. Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin’s Fourth Halving Arrives  Investor’s Business Daily
  2. Iran fires at apparent Israeli attack drones: Mideast tensions  The Associated Press
  3. S&P 500 extends losing streak to sixth day, Dow up 210 points  Yahoo Canada Finance
  4. Stock Market Today: Dow, S&P Live Updates for April 19  Bloomberg
  5. Stock market today: Wall Street limps toward its longest weekly losing streak since September  CityNews Kitchener

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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

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Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion.

The company said it will stop reporting quarterly membership numbers starting next year, along with average revenue per member, or ARM.

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“As we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact,” the company said.

Netflix reported first quarter earnings that beat across the board on Thursday, with another 9 million-plus subscribers added in the quarter.

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Subscriber additions of 9.3 million beat expectations of 4.8 million and followed the 13 million net additions the streamer added in the fourth quarter. The company added 1.7 million paying users in Q1 2023.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.

Netflix’s stock has been on a tear in recent months, with shares currently trading near the high end of its 52-week range. Wall Street analysts had warned that high expectations heading into the print could serve as an inherent risk to the stock price.

Earnings per share (EPS) beat estimates in the quarter, with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54.

Profitability metrics also came in strong, with operating margins sitting at 28.1% for the first quarter compared to 21% in the same period last year.

The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.

Free cash flow came in at $2.14 billion in the quarter, above consensus calls of $1.9 billion.

Meanwhile, ARM ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad-tier impact and price hike effects take hold.

On the ads front, ad-tier memberships increased 65% quarter over quarter after rising nearly 70% sequentially in Q3 2023 and Q4 2023. The ads plan now accounts for over 40% of all Netflix sign-ups in the markets it’s offered in.

FILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File PhotoFILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo

Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo (REUTERS / Reuters)

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

Read the latest financial and business news from Yahoo Finance

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack – OilPrice.com

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack | OilPrice.com



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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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  • Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
  • Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
  • Iranian media reported activating their air defense systems, not an Israeli strike.

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Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.

Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.

The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.

Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.

However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.

Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.

The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.

The Isfahan province is home to Iran’s nuclear site for uranium enrichment.

“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.

The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”

At the time of writing Brent was trading at $87.34 and WTI at $83.14.

By Tsvetana Paraskova for Oilprice.com

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