Fox News Poll Puts Joe Biden Ahead Of Donald Trump Nationwide / Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 tr | |
Anonymous Coward (OP) User ID: 78150388 Canada 05/22/2020 08:08 AM Report Abusive Post Report Copyright Violation | Re: Fox News Poll Puts Joe Biden Ahead Of Donald Trump Nationwide / Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 tr Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up NEW YORK – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. A record 48% of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34% since its March low. Hopes for a treatment have also sparked outsize rallies in the shares of companies such as Moderna and Inovio Pharmaceutcials, up 242% and 3331% since the start of the year, respectively, as of Thursday’s close. In recent weeks, news of potential treatments or vaccines to fight the pandemic have occasionally fueled swings in broader markets. Yet some fund managers believe lasting profits may be elusive for vaccine-makers, leading them to seek corners of the healthcare sector that could see longer-term benefits from the fight against coronavirus. Large pharmaceutical companies such as Johnson & Johnson<JNJ.N> and GlaxoSmithKline Plc <GSK.L> have said they plan to make any successful vaccine available at cost, though they could reap profits later if a seasonal shot is needed. Multiple treatments could also divide the market between many players, investors said. “There’s the question of ‘Does anyone really make a lot of money on this?,” said Larry Cordisco, co-portfolio manager of the Osterweis Fund. Signs of progress on potential treatments could bolster the case for a quicker economic recovery and further fuel the rally that has boosted the S&P 500 around 30% from its late March lows. In the next two weeks, Gilead Sciences is expected to announce results of clinical studies of its potential coronavirus treatment remdesivir for patients with moderate symptoms of Covid-19. Pfizer has said it expects to release safety data for initial human testing of experimental vaccine by the end of May. [link to www.metro.us (secure)] |
Anonymous Coward User ID: 6176722 United States 05/22/2020 08:10 AM Report Abusive Post Report Copyright Violation | Re: Fox News Poll Puts Joe Biden Ahead Of Donald Trump Nationwide / Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 tr A Fox News poll released on Thursday put the Democratic Party’s presumptive presidential nominee Joe Biden eight points ahead of President Donald Trump nationwide. Quoting: Anonymous Coward 78150388 If the election were held today, 48 percent of respondents would vote for Biden and 40 percent would cast their ballot for Trump, the survey showed. Biden has surged six points since April, when the two candidates were tied. However, 11 percent of voters said they were undecided, which appears to suggest that there is quite a bit of fluidity in the presidential race. Biden has made inroads with two key voting blocs: senior citizens and independent voters. Among seniors — voters 65 and older — Biden had a 17-point advantage over Trump. Similarly, among independents, Trump trailed Biden by 13 points. The former vice president came in 20 points ahead of Trump among women and 64 points ahead among African-American voters. Both Trump and Biden seem to enjoy strong support from party loyalists. Eighty-eight percent of Democrats said they would vote for Biden if the election were held today, and 84 percent of Republicans said they would back Trump. The coronavirus pandemic appears to have eclipsed all issues relevant to the 2020 presidential election and — in this regard — Biden seems to have an advantage. Forty-six percent of respondents said that they would trust the former vice president to do a better job handling the response to COVID-19 than Trump (37 percent). [link to www.inquisitr.com (secure)] FOX NEWS????? Isn't that Trump's favorite conservative right-wing patriotic news outlet? Yes same poll results as last election. |
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