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RIVERSTONE HOLDINGS LIMITED
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ttbanthony
Veteran |
27-Nov-2021 13:21
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Just grab any Ppe stock and sure hit.
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Godwinlow
Elite |
27-Nov-2021 13:19
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Nov 26 (Reuters) - Merck & Co  (MRK.N)  said on Friday updated data from its study of its experimental COVID-19 pill showed the drug was significantly less effective in cutting hospitalizations and deaths than previously reported. The drugmaker said its pill showed a 30% reduction in hospitalizations and deaths, based on data from 1,433 patients. In October, its  data  showed a roughly 50% efficacy, based on data from 775 patients. The drug, molnupiravir, was developed with partner Ridgeback Biotherapeutics. |
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Godwinlow
Elite |
27-Nov-2021 13:15
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GENEVA (AFP) - Next week' s World Trade Organisation ministerial conference, the global trade body' s biggest gathering in four years, was postponed at the last minute Friday (Nov 26) due to  the new Omicron Covid-19 variant. The four-day gathering in Geneva was angled on seeking to breathe new life into the crippled WTO, which has been stuck for years trying to resolve its problems and make progress on unlocking desperately-sought agreements on issues like fishery subsidies. New director-general Ngozi Okonjo-Iweala was also hoping to conclude a deal on lifting Covid vaccine patents.  
But the conference was postponed four days before it was due to start, just hours after  Omicron was declared a variant of concern  by the World Health Organisation. Fears surrounding the spread of the variant saw  airlines banning flights from southern Africa,  where the strain was first detected on November 9. " The postponement has just been confirmed," a diplomatic source told AFP.  
The beleaguered WTO' s 12th ministerial conference has already been postponed once before due to the pandemic. It was originally due to take place in Kazakhstan' s capital Nur-Sultan in June 2020. The conference was expected to draw more than 100 ministers to Geneva, where the organisation is based, and was being seen as a test of Okonjo-Iweala' s ability to fulfil promises to turn around the crisis-hit institution. IP waiver must waitThe Nigerian former foreign minister, who in March  became the first African and first woman to lead the WTO,  has been widely hailed for her efforts to revitalise the organisation.  
She has helped kick-start blocked trade negotiations, and made reaching a long-elusive deal to end harmful fishery subsidies a top priority for the conference. She also stressed the urgency of agreeing on how to remove trade barriers blocking access to Covid-19 vaccines. But the pandemic caught up with the conference before Okonjo-Iweala could even start to bang heads together on the subject. Since October 2020,  India and South Africa have led calls for a temporary waiver  on intellectual property (IP) protections for vaccines and other medical tools needed to fight Covid. Proponents argue it would boost production and address the gaping inequity in access between rich and poor nations. But while Washington had said it could support a temporary vaccine patent waiver, other wealthy countries hosting pharmaceutical giants have been insisting IP is not the main roadblock to scaling up production - and warned waiving rights could even hamper innovation. |
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Godwinlow
Elite |
27-Nov-2021 13:13
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JOHANNESBURG (AFP) - Anxious-looking travellers thronged Johannesburg international airport and stood in long queues on Friday (Nov 26), desperate to squeeze onto the last flights to countries that had just  shut their doors to South Africa. Many cut short their holidays, rushing back from safaris and vineyards when Britain announced late Thursday night that all flights from South Africa and its neighbours would be banned the following day. A flurry of nations -  including the United States,  Canada and several European countries - have followed suit, concerned about the discovery of a  new coronavirus variant, renamed Omicron,  with a large number of mutations fuelling an infection resurgence in South Africa.  
British citizen Toby Reid, a 24-year-old trader in London, was camping on Cape Town' s Table Mountain with his girlfriend when the ban was announced. " At about 5.30am we got up to see if we could catch the sunrise, and at six in the morning we found out that there was still a possibility to get back," he told AFP, standing in line for check-in at the Johannesburg airport just hours later. The couple managed to grab the two last seats on an evening flight to Frankfurt.  
Others who were not so lucky discussed options at ticket counters, eyes widening at proposed prices and convoluted itineraries. " There should have been more notice," muttered Mr Christian Good, 50, returning to Devon via Frankfurt with his husband after a beach holiday. By chance, the pair had originally planned to return on that flight, meaning they would arrive home before mandatory hotel quarantine begins on Sunday - a requirement for citizens returning from " red list" countries.  
" It' s ridiculous, we will always be having new variants," his husband David exclaimed, passports in hand. " South Africa found it but it' s probably all over the world already," he told AFP. The variant has also been detected in Belgium, Botswana, Israel and Hong Kong. At the airport, red " cancelled" signs flashed next to London-bound flights listed on the departures board. Other destinations were still in limbo. A KLM flight to Amsterdam was delayed by several hours after passengers were suddenly compelled to produce negative Covid-19 results. Rapid polymerase chain reaction tests were offered at the airport with results guaranteed in two hours, but at a cost of US$86 (S118), instead of the standard fee of around US$52 for results delivered in around 12 hours. Some African passport holders were seen being told they would not be allowed to fly to Europe, an AFP correspondent saw. Earlier, travellers milled around a closed Air France check-in desk, waiting to find out whether an evening flight to Paris would take off as scheduled, just hours after France announced its own ban. Among them were British citizen Ruth Brown, 25, who lives in South Africa and had planned to return home for the first time since 2019 next week. Britain kept South Africa on its red list until early last month, meaning many of its citizens have been unable to travel back since the pandemic started because of the costly hotel quarantine. They only had a few weeks of leeway before the status was revoked. " We are tired of this situation," said Ms Brown, who spent the morning on the phone trying to change her flight. " Apparently (this one) is full but we are trying to see if we can still get seats," she sighed. Further down the line, a fair-haired woman who introduced herself as Ms Elke Hahn cradled a toddler. She had travelled to South Africa with her partner to adopt the child and was desperate to get back to their home in Austria. The child' s paperwork was only valid for a specific flight route which had since been changed. " We will have to get another flight but I don' t know how that will work," she said. |
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Godwinlow
Elite |
27-Nov-2021 13:11
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FRANKFURT (REUTERS) BioNTech said on Friday (Nov 26) it expects more data on a worrying  new coronavirus variant  detected in South Africa within two weeks to help determine whether its vaccine produced with partner Pfizer would have to be reworked. Pfizer and BioNTech said that if necessary, they expect to be able to ship a new vaccine tailored to the emerging variant in approximately 100 days. " We understand the concern of experts and have immediately initiated investigations on variant B.1.1.529," BioNTech said in a statement when asked to comment.  
" We expect more data from the laboratory tests in two weeks at the latest. These data will provide more information about whether B.1.1.529 could be an escape variant that may require an adjustment of our vaccine if the variant spreads globally," it added. Moderna said in a statement it is working to advance a booster candidate tailored to the new variant and has also been testing a higher dose of its existing booster and to study other booster candidates designed to protect against multiple variants. " A booster dose of an authorised vaccine represents the only currently available strategy for boosting waning immunity," Moderna said in the statement.  
Escape variants are those that elude the targeted immune response brought about by vaccination. Pfizer and BioNTech would be able to redesign their shot within six weeks and ship initial batches within 100 days, BioNTech added. Global authorities reacted with alarm on Friday to the new variant, with the European Union and Britain among those  tightening border controls  as scientists sought to find out if the mutation was vaccine-resistant. Pfizer and BioNTech have already created versions of their established mRNA-based vaccine - based on the original virus detected in the Chinese city of Wuhan - to target the so-called Alpha and Delta variants, with clinical trials ongoing.  
Those efforts are not meant to yield commercial products the exercise is carried out to establish a routine with regulators that will help speed up any future vaccine relaunch. Analysts at Evercore ISI said data from Qatar on another recent variant showed a high level of initial efficacy by current vaccines that faded significantly four months after dosing. Novavax said on Friday it had  started working on a version of its Covid-19 vaccine to target the variant  detected in South Africa and would have the shot ready for testing and manufacturing in the next few weeks. Johnson and Johnson said it is also closely monitoring emerging strains of Covid-19 and is testing the effectiveness of its shot against the new variant.  
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Godwinlow
Elite |
27-Nov-2021 12:53
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AMSTERDAM (REUTERS) - Dutch health authorities said that dozens of people who arrived in Amsterdam on two flights from South Africa on Friday (Nov 26) are likely infected with Covid-19, and they are conducting further testing to see if people are infected with the  recently discovered Omicron coronavirus variant. Around 600 passengers arrived at Amsterdam' s Schiphol Airport on the two KLM flights on Friday and then faced hours of delays and testing due to concerns over the new virus variant. On the basis of initial testing, the Dutch health ministry estimated there may be around 85 positive cases among the passengers.  
" Travellers with a positive test result will be placed in isolation at a hotel at or near Schiphol," health authorities said in a statement. " Of the positive test results, we are researching as quickly as possible whether they are the new variant of concern, now named ' Omicron' ." The Dutch government banned all air travel from southern Africa early on Friday. Health Minister Hugo de Jonge said that passengers already en route to the Netherlands would have to undergo testing and quarantine upon arrival.  
Passengers on the two KLM flights, from Cape Town and Johannesburg, said they were kept waiting on the tarmac for hours. " Vigorous applause because there is a BUS that has come to take us ... somewhere," tweeted New York Times journalist Stephanie Nolen, a passenger on the flight from Johannesburg. " Bus to a hall to a huge queue. I can see Covid testers in bright blue PPE far on the distance. Still no snacks for the sad babies," she added in a second tweet.  
A spokesman for the health authorities in Kennemerland, the Dutch region that oversees Schiphol, said the positive cases were being analysed by a Dutch academic medical hospital to determine whether they are the new strain. The Dutch government separately on Friday announced the  nighttime closure of bars, restaurants and most stores  as it grapples with a record-breaking wave of Covid-19 cases that is  swamping its healthcare system.  
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moron101
Supreme |
27-Nov-2021 12:37
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Most likely will follow TG to move above 80c. Let's watch carefully. 👍 | ||||
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vix787
Member |
27-Nov-2021 11:51
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Hehe, still trust analyst? They speak based on their own interest n I'm sure not only retail investor get caught off guard. If Monday market bad, they lose alot too... That's why the comfy talk...... Not sure it will happen but most likely will happen...
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tritonyeah6666
Senior |
27-Nov-2021 11:19
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Not sure ler depending on their current inventory from the last stockpiling I think. Anyway, I suspect Pfizer may jump out & either sales talk that they still have confident in their vaccine against omicron OR they may say they can come out with new vaccine in x months. How true don't know. Delay can always come later, but then can start taking advance order first liao. Lucrative business
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sutiono
Veteran |
27-Nov-2021 11:05
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Panic spot orders will be  back to the glove makers like last year !
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tritonyeah6666
Senior |
27-Nov-2021 10:16
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Seeing more & more reports suggesting omicron may evade mmunity be it vaccine immunity or recovery from last infections. I guess that is the key to the panic + the news of the huge efficacy drop of Merck pills
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desmodeus
Veteran |
27-Nov-2021 10:16
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some know something about this omicron invasion which most of us don't know. WHO doesn't raise alarm for fun. If you have not closed your shorts and calls, do it as still nascent
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Jasongan
Member |
27-Nov-2021 10:13
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Oil drop massive 10%..guess real fear this time
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tritonyeah6666
Senior |
27-Nov-2021 09:57
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I guess it is how bad the mutation be & not whether there is any mutation
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PQTPQK
Supreme |
27-Nov-2021 09:55
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gap up monday ? laggard compare others...
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tritonyeah6666
Senior |
27-Nov-2021 09:30
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Spread to HK too. In today paper.. strange given HK is zero covid strategy
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Sgvale
Supreme |
27-Nov-2021 08:44
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"It?s a scary headline" about the virus, so it may have caused a knee-jerk reaction, Mr Kyle Rodda, of IG Markets, said.
The fact that US markets were closed for Thanksgiving on Thursday and trade would be thinner on Friday "means there's a wall of buyers missing", meaning moves would be accentuated. Still, Mr Justin Tang at United First Partners said that while the latest news was worrying, "the world has gone through this before with Delta" and that governments were more adept at knowing how to deal with the situation. "Mutations are expected and not something unknown," he said. |
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investor999
Elite |
27-Nov-2021 08:14
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To all RS shareholders: I know why you were forced sold. The price has not moved much yet. It is still time to pick up the pieces. It is tough but your persistence will pay off. | ||||
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tritonyeah6666
Senior |
27-Nov-2021 08:14
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I think may not be as simple. How can SG alone dictates world market. Further, how does banning the S.Africa alone help when the variant is already spreading in Europe.
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sklong138
Elite |
27-Nov-2021 08:11
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https://youtu.be/jwDMI0nOnAY | ||||
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