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Home / Business / Pre-market inventory: why AstraZeneca vaccines are so important to the global economy

Pre-market inventory: why AstraZeneca vaccines are so important to the global economy



AstraZeneca said that the first dose of vaccine will be released on Wednesday, and vaccination will begin early in the new year. The launch was carried out in the context of a surge in coronavirus cases in the UK.

AstraZeneca said: “The regimen has been proven to be safe and effective in clinical trials. It can prevent symptomatic Covid-19. There are no serious cases and there is no hospitalization for more than 14 days after the second administration.”

AstraZeneca has pledged to provide hundreds of millions of doses to low- and middle-income countries and to permanently provide non-profit vaccines to these countries.

The vaccine is much cheaper than other approved vaccines and is easier to transport and distribute than its competitors. Unlike vaccines developed by Moderna and Pfizer, AstraZeneca products do not need to be stored at ultra-cold temperatures.

They are increasing the dose: AstraZeneca said it is working with partners including the Serum Institute of India to build a production capacity of up to 3 billion doses in 2021

on a rolling basis.

For comparison: Pfizer expects to produce up to 50 million doses of vaccine by 2020 and 1.3 billion doses of vaccine by 2021. Moderna said last month that it is expected to produce 500 million to 1 billion doses of vaccine next year.

The richest countries in the world have retained most of the capacity provided by Pfizer and Moderna. This makes AstraZeneca vaccines even more important for developing economies.

Take India as an example. Asia’s third-largest economy has not yet ordered the vaccines sold by Pfizer and Moderna, but is expected to receive hundreds of millions of doses of AstraZeneca vaccine.

Capital Economics analysts wrote in a recent study: “The efficacy of the Oxford vaccine is… the most encouraging signal so far that India has a way to end its Covid-19 epidemic and that social disparities continue to plague. Economy.” Attention.

According to media reports, India is one of the world’s largest vaccine producers and may approve the AstraZeneca vaccine as early as Wednesday. The Serum Institute of India is producing doses in the country.

One caveat: The team that developed the AstraZeneca vaccine previously stated that it has an “average efficacy of 70%”, and a dosage regimen shows an efficacy of 90%. That’s not as good as Pfizer and Moderna.

Sears died in a quiet, invisible death

Sears spent another holiday shopping season. Just barely.

Once it became the leading retailer in the United States until the 1980s, the company that now owns the Sears and Kmart chains went bankrupt in less than two years. As the Covid-19 pandemic forced some rival chains to close down, it avoided going to bankruptcy court again this year.

But my CNN business colleague Chris Isidore reports that avoiding bankruptcy is not a sign of health. The company has made little effort to revitalize stores, increase sales or reverse a failed business.

The collapse of the commercial real estate market may be another reason why the company did not close down this year. Sears may hardly find suitable assets.

Mark Cohen, director of retail research at Columbia University and a former Sears executive, said: “Everything is in contention. But, of course, department stores have no market.” “For all intents and purposes, they Has been completed.”

With no feasible exit strategy, both Sears and Kmart are dying slowly and quietly. They will close possible stores and list almost all other locations with commercial real estate agents.

How to end it: Experts say that once the commercial real estate market improves and new tenants for the remaining stores can be found, Sears will face greater pressure to close the chain.

Neil Saunders, managing director and retail analyst at research firm GlobalData, said: “Sears have been waiting until the market becomes more favorable.

Career will be made in 2021

If 2020 makes you feel that all you are doing is just water in your work, letting us rekindle your career is the goal of the new year.

My CNN business colleague Kathryn Vasel talked to experts to get the best career solutions for next year. What they have to say is:

Focus on the big picture, start small: It’s good to hope to make major changes to your career, but break the goal down into smaller steps. Reaching smaller goals will motivate you and maintain progress.

Quick start online games: love and hate, the Internet is essential to career success. Look for virtual events to meet people in your current field (or your dream career). To help alleviate the trouble of the process, an expert suggested to prepare the 30-second elevator tone and ask some new questions.

Re-establish boundaries: Many of us have worked at home for at least a few months, so let us take some time to re-establish the boundaries between work and life. By clearly knowing when you commute to and from get off work, establish boundaries with your employer, family, and (self).

next

The EU and China are expected to announce that they have reached an investment agreement to resolve issues such as market access.

Also today: The US Energy Information Administration (US Energy Information Administration) releases a report on crude oil inventories at 9:30 am Eastern Time.

Tomorrow is coming: data on jobless claims will give investors a final understanding of the US labor market in 2020.


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