• Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis

    Fed Action Accelerates Boom-Bust Cycle; Not A Virus CrisisThe 21st century was ushered in by fears about Y2k and how it might impact computer programming that was already in place. Part of the concern centered on the financial markets.

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  • Inovio says COVID-19 vaccine produces antibodies in mice, guinea pigs

    Inovio says COVID-19 vaccine produces antibodies in mice, guinea pigs“We saw antibody responses that do many of the things we would want to see in an eventual vaccine,” said Dr. David Weiner, director of the vaccine and immunotherapy center at the Wistar Institute, which has collaborated with Inovio. Inovio, which began human testing of its vaccine in April, said preliminary results from that trial are expected in June.

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  • Target profit sinks 64% as COVID-19 costs offset gains from sales surge

    Target profit sinks 64% as COVID-19 costs offset gains from sales surge“Last quarter was unlike anything I’ve ever seen,” Chief Executive Brian Cornell told reporters. Stay-at-home orders imposed to contain the virus powered a 141% jump in Target’s online comparable sales, accounting for almost all of its same-store sales growth. At the start of the quarter, Target, like Walmart, benefited from customers stockpiling staples and cleaning products, but as the lockdown extended and the stimulus checks arrived, demand rose for discretionary items including apparel.

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