💉 Johnson & Johnson: Out Of The Vaccine Race?

Coinbase IPO today. United Airlines going green!

Hey Global Investor, here’s what you need to know before the US markets open.

Market Snapshot 📈

S&P 500 (Yesterday’s Close) 4,141.59 +13.60 (0.33%)

NASDAQ (Yesterday’s Close) 13,996.10 +146.10 (1.05%)

FTSE 100 (5 PM IST) 6,913.44 +22.95 (0.33%)

NIFTY 50 (Today’s Close) 14,504.80 +194.00 (1.36%)

USDINR (5 PM IST) 75.15 (1 Year -1.02%)

🔥 Top Movers

NVCR +49.63%
ZLAB +22.14%
INTZ +19.20%

AHCO -19.74%
CZZ -14.29%
BALY -10.69%


IPO Alert

One of the most anticipated direct listings of 2021 is here! COIN will be available to trade on Winvesta shortly after its listing (expected today). Tweet This

Coinbase is the largest #crypto exchange in the US by trading volume.

*Capital is at risk.

💉 Johnson & Johnson: Out Of The Vaccine Race?

The Centres for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) have halted the use of the Johnson & Johnson (JNJ) Covid-19 vaccine amidst concerns that those injected with the vaccine were at risk of  developing blood clots. (Tweet This)

In 2020, the race to save the world began as pharmaceutical companies rushed to create a Covid-19 vaccine. The company that got there first would stand to earn billions in addition to being hailed as the savior. Drug regulators around the world relaxed the rules for vaccine development to help a larger number of companies try different approaches to get to the solution.

Pfizer, Moderna, Astrazeneca, and Johnson & Johnson were among the notable names that pushed forward. J&J was one of the last pharma companies to announce a vaccine that was supposed to help people develop immunity against SARS-CoV-2 – the virus that’s behind Covid-19.

And what’s more, only a single shot of this vaccine was enough to develop immunity compared to a two-shot schedule that had to be ensured for the other vaccine candidates. With a 66% effective rate, it still was far behind the corresponding rates of its competitors. Pfizer and Moderna were up in the 90% range and AstraZeneca was touching the 80% rate.

What Happened?
J&J’s single-dose vaccine was administered to over 6.8M people. So far, blood clotting has been observed in 6 people with one woman having died from it and another hospitalized in critical condition. Reportedly, the blood clot occurred in a vein that drains blood from the brain.

Health care professionals have been ordered to not administer the J&J vaccine as of yesterday. The CDC and the Advisory Committee on Immunization Practices will discuss the vaccine’s future today. The ACIP consists of 15 scientific and medical experts that form an independent board that advises the CDC on vaccines.

Whatever the outcome of the meeting, J&J will be on the tenterhooks publicly and financially. Australia has issued a moratorium on a planned purchase of the vaccine. Europe is evaluating a possible action as well. Another company tackling a similar issue is AstraZeneca but that is after administering 190M doses.

If the J&J vaccine is halted for good, there is a clear financial implication given the billions of dollars spent developing it. For now, legal headache is not a concern since vaccine developers have been granted immunity from legal action by the Trump administration under the PREP Act and that protection lasts until 2024. Is that fair? Now, that’s an ethical dilemma if ever there was one.

Market Reaction
JNJ closed the day at $159.48, down 1.34%; in pre-market trading, the stock is down 0.61%.

Company Snapshot 📈

JNJ $159.48 −2.16 (−1.34%)

Analyst Ratings (18) BUY 67%  HOLD 33%  SELL 00%


Newsworthy 📰

Flip it: Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto (COIN)

Gifts: Apple announces April 20 event where new iPads and more are expected (AAPL  +2.43%)

Surge:  Nvidia stock rises as it sees better-than-expected first quarter (NVDA +3.09%)

GreenerUnited Airlines unveils plan to fund more sustainable jet fuel made from trash (UAL +0.89%)

Later Today 🕒

  • Before Markets Open: JPMorgan Chase & Co Earnings (JPM)
  • Before Markets Open: Bed Bath & Beyond Inc Earnings (BBBY)
  • Before Markets Open: Wells Fargo & Co (WFC)
  • Before Markets Open: Goldman Sachs Group Inc Earnings (GS)
  • 6:00 PM IST: Import price index

Fun Fact of The Day 🌞

The wood frog can hold its pee for up to eight months.

Disclaimer: The content of this article has been created and published by Winvesta India Technologies Pvt. Ltd., in order to ease the reader’s understanding of the subject matter. The information and/or content (collectively “Information”) provided herein is general information sourced through various news reports and does not constitute a research report or a research analysis. The Information is not intended to offer advice, target or solicit any particular customer or group of customers to buy or sell securities. 

Winvesta does not render any research or advisory services and provides a more detailed description of its services on its website and mobile application along with the terms and conditions published therein from time to time. While reasonable care has been exercised to ensure that the Information is adequate and reliable, no representation is made by Winvesta as to its accuracy or completeness and Winvesta, its affiliates, subsidiaries and employees accept no liability of whatsoever nature for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on this Information. Neither Winvesta nor any of its affiliates are acting as an investment adviser, research analyst or in any other fiduciary capacity. Accordingly, reader’s are expected to undertake their own due diligence in consultation with their own advisors and are advised not to solely rely on the Information. Any such reliance shall be at the reader’s own risk. 

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Start Building Your Global Portfolio Today

Download Winvesta App now to Get Started