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According to Irans Mehr News Agency: Preliminary reports indicate that Iran launched an attack on a US missile launch site in Kuwait.On July 12, local time, US President Trump stated that the US had launched a "fierce strike" against Iran the previous night. In an interview that day, Trump claimed that the US and Iran had reached an agreement the previous day, and Iran was "prepared to give up everything," but hours later, a ship was attacked by a drone. The US military stated that after an attack on a merchant ship in the Strait of Hormuz, the US military launched a new round of strikes against approximately 140 Iranian military targets. This is the third US strike against Iran in a week. There are differing opinions regarding the navigation status of the Strait of Hormuz. Irans Persian Gulf Straits Authority announced on social media on July 12 that the Strait of Hormuz is currently impassable. Trump, however, stated, "As far as the United States is concerned, the Strait of Hormuz remains open."Market news: British Prime Minister-designate Andy Burnham plans to expand the autumn budget. British officials are considering releasing the budget in October.July 12 – As part of a “political strategy” adjustment, Ukrainian President Volodymyr Zelensky is considering replacing the country’s prime minister. With Ukraine preparing for winter amid ongoing threats of Russian attacks, he may nominate a state-owned energy company executive or a former prime minister to succeed him. According to sources, Zelensky is considering appointing Sergei Koletsky, head of the state-owned oil and gas company, or former prime minister and current energy minister Denis Shmyhal for the position. Zelensky met separately with Koletsky and Shmyhal on Sunday and received briefings. He has invited current prime minister Yulia Sviridenko to “take charge of new and important areas with key partners” and thanked her for her “clear, robust, and efficient work” over the past year. Zelensky also met with officials including the mayor of Kharkiv and the defense minister. Zelensky stated that winter preparations are of paramount importance, Ukraine needs to be prepared for any threat, and the transformation of state-owned enterprises must be accelerated.On July 12, 2026, the head of the Asian Department of the Ministry of Foreign Affairs issued a statement regarding the Japanese Foreign Ministers hype surrounding the tenth anniversary of the "South China Sea arbitration ruling" and Japans joint statement with other countries. The Chinese side urgently summoned the chief minister of the Japanese Embassy in China to lodge a solemn representation, expressing strong dissatisfaction and protest. China pointed out that Japan bears historical responsibility for the South China Sea issue and has not yet settled accounts, and has no right to make irresponsible remarks. Japans egregious words and actions challenge the post-war international order and international rule of law, adhere to double standards, distort facts, undermine peace and stability in the South China Sea, and violate the common interests and wishes of regional countries. This has aroused historical vigilance and strong indignation from the international community, including China, regarding Japans aggression and colonial atrocities since modern times. China will resolutely and forcefully counter Japans provocations and firmly defend its territorial sovereignty and maritime rights. China also lodged a strong protest regarding the Taiwan issue, Japans abandoned chemical weapons, Japanese parliamentarians unwarranted comments on Chinas ethnic policies, and a series of negative developments in Japans military and security.

Novavax Reduces Full-Year Forecast As Vaccine Sales Decline

Aria Thomas

Aug 09, 2022 10:25

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Monday night, Novavax (NASDAQ:NVAX), an American biotechnology company, reported earnings after the market closed.


The company's loss per share was $6.53, which was $12.03 worse than the average estimate of $5.50 and climbed from $4.75 in the same quarter of 2021. Vaccine sales declined, resulting in a revenue fall of $186 million year-over-year, from $298 million in the same time in 2021, and substantially below the average expectation of $1.02 billion.


The loss in revenue was attributed to a decrease in activity under the company's contracts with the U.S. government and the Coalition for Epidemic Preparedness Innovations.


"We are pleased with our achievements since the beginning of the second quarter, which include bringing our vaccine to the U.S. market and launching immunizations," said Stanley Erck, president and chief executive officer of Novavax. Since the beginning of the third quarter, we have delivered more than 23 million doses of our vaccine and have gained significant momentum for the remainder of 2022 and into 2023.


Novavax reduced their sales projection for the entire year of 2022 from $4 billion to $5 billion to $2 billion to $2.3 billion, which is also below the $4.27 billion consensus estimate.