Hints and tips:
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...The AU will pay $6.75 a dose for the BioNTech/Pfizer vaccine and $10 for Johnson & Johnson’s, a single-dose product....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...In August, Russia became the first country to approve a Covid-19 vaccine — named Sputnik V — for civilian use, but western experts cast doubt on its efficacy and safety....
...Ashish Gupta, head of Indian equity research at Credit Suisse, said India’s rising caseload ruled out a V-shaped rebound....
...Last week, Fitch reaffirmed its A-/Stable rating on Compass but its balance sheet and recovery profile assumptions were materially different from equity analysts....
...“It’s not like the standard V-shaped recession in emerging markets, such as in Indonesia in 1998 where it’s only a year and a half of real economic hardship,” he said....
...Underscoring the division in the market is the wide range of ratings the major agencies offered on the bonds, which are as low as Caa1 from Moody’s and as high as double-B minus from Fitch....
...The group is rated in the single A range by S&P, Moody’s and Fitch....
...“Biologic patent expiries likely won’t present as large of a threat to sales as [chemical] drugs,” says Bob Kirby of Fitch, the rating agency....
...Abercrombie & Fitch (Retail) 160. JD Sports (Retail)...
...Pfizer made a big commitment to the category in February when it bought Hospira, a biosimilar manufacturer, for $17bn....
...The possibility of a Pfizer/AstraZeneca deal still has the politicians talking (the chief executives of both were hauled before the UK parliament this week)....
...Struggling teen apparel retailer Abercrombie & Fitch gained just under 5 per cent to $36.27....
...(Financial Times) Upgrades for Greece and Spain: Fitch just upgraded Greece’s credit rating to B, the highest rating among the three major rating agencies....
...Fitch, the US rating agency, downgraded Heinz on Friday, noting the company had doubled its leverage since last October....
...Shares in Abercrombie & Fitch slumped 13.7 per cent to a 52-week low of $40.40, as the clothing store warned fourth-quarter profit will come in well below expectations....
...beyondbrics India v China: a new race in biopharmaceuticals, beyondbrics...
...It is set to grow by 7 per cent a year up to 2013, according to Fitch, the ratings agency....
...Related reading: Turkey: inflation nears 10 per cent, beyondbrics Turkey: regulators v banks, beyondbrics Fitch: not so Turkey-friendly, beyondbrics Turkey’s central bank plays hardball, beyondbrics Turkey...
...S&P and Fitch were the most active, with 150 and 138 announcements, whereas Moody’s had just 108....
...Moody’s have this morning placed the Aa2 rating of Spain on review for downgrade, currently rated AA outlook negative with S&P and AA+ outlook negative with Fitch....
...Discounter Target added 0.5 per cent to $59.08, department store owner Macy’s rose 0.9 per cent to $25.18 and teen fashion chain Abercrombie & Fitch firmed 0.8 per cent to $55.14....
...I have been trying to resolve my internal Mac v PC battle....
...Pfizer, the largest US drugmaker by market value, inched down 0.7 per cent to $14.54 as the stock being removed from the “conviction buy” list at Goldman Sachs....
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