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COVID-19

Kimberly Redmond | Equities.com |

The European Union (EU) said non-essential travel is “strongly discouraged” within its member states and across borders, while announcing further measures to help fight a growing COVID-19 infection rate.

While European leaders agreed to keep their borders open, the bloc is becoming increasingly concerned about a new coronavirus variant – one that is more contagious than the previous strain – that has emerged in recent weeks.


Kimberly Redmond | Equities.com |

Intuitive Surgical reported higher earnings and revenue during the fourth quarter of 2020 after the robotic surgical systems maker saw a pickup in procedure volume. 

 

On Thursday, the California-based company reported a fourth-quarter profit of $365 million, $3.02 a share, up from $358 million, or $2.99 per share, during the same period a year earlier.  () 

 

Fourth quarter revenue was $1.33 billion, a 4% increas...


Kimberly Redmond | Equities.com |

In its quarterly and annual earnings report released Friday, Schlumberger, the world’s top oilfield services provider reported fourth quarter net income of $374 million, or $0.27 per share, compared with $333 million, or $0.24 per share, during the prior year's quarter.

Revenue totaled $5.53 billion in the quarter, down from $8.23 billion a year earlier but above analyst estimates of $5.24 billion. It's the first quarter-over-quarter increase in revenue for Schlumberger since the third quarter of 2019.


Kimberly Redmond | Equities.com |

Volkswagen wrapped up 2020 with a strong finish, reporting a profit of more than $12 billion despite the ongoing COVID-19 pandemic.

On Friday, the world’s largest automaker announced its preliminary figures for 2020, reporting an operating profit of 10 billion euros ($12.2 billion).

After losing 1.4 billion euros ($1.7 billion) in the first six months of the year, Volkswagen said the second half of the year “proved to be quite robust.”  


AP News | Equities.com |

Drugmaker Eli Lilly said Thursday its antibody drug can prevent COVID-19 illness in residents and staff of nursing homes and other long-term care locations.

It’s the first major study to show such a treatment may prevent illness in a group that has been devastated by the pandemic.

Residents and staff who got the drug had up to a 57% lower risk of getting COVID-19 compared to others at the same facility who got a placebo, the drugmaker said. Among nursing home residents only, the risk was reduced by up to 80%.


Reuters | Equities.com |

Even as President Joe Biden laments the nation’s sluggish COVID-19 immunization launch for a pace he calls “dismal,” West Virginia is touting its relative success in making the most of vaccine supplies it has received so far.

Fewer than half of the nearly 38 million vaccine doses shipped to date by the federal government have actually made it into the arms of Americans, the U.S. Centers for Disease Control and Prevention (CDC) reported on Thursday.


AP News | Equities.com |

Dr. Anthony Fauci is back.

In truth, the nation’s leading infectious-diseases expert never really went away. But after enduring nearly a year of darts and undermining comments from former President Donald Trump, Fauci now speaks with the authority of the White House again.

He called it “liberating” Thursday to be backed by a science-friendly administration that has embraced his recommendations to battle COVID-19.


AP News | Equities.com |

By RICARDO ALONSO-ZALDIVAR and ZEKE MILLER

WASHINGTON (AP) — With a burst of executive orders, President Joe Biden served notice Thursday that America’s war on COVID-19 is under new command, promising an anxious nation progress to reduce infections and lift the siege it has endured for nearly a year.

At the same time, he tried to manage expectations in his second day in office, saying despite the best intentions “we’re going to face setbac...


Kimberly Redmond | Equities.com |

After reporting its first quarterly net profit since oil prices took a nosedive in March 2020, Baker Hughes believes a rebound is on the horizon. 

On Thursday, the Houston-based company posted fourth quarter net income of $653 million, or $0.91 a share, compared with $48 million, or $0.07 a share, during the fourth quarter of 2019.

On an adjusted basis, however, the oilfield equipment and services provider reported a loss of $50 million, or $0.07 per share, in the quarter ending Dec. 31. Analysts had been looking for adjusted earnings of $0.17 per share.


Kimberly Redmond | Equities.com |

As COVID-19 pandemic-related travel restrictions and concerns about contracting the virus continue, United Airlines posted its fourth consecutive quarterly loss and said it expects sales to continue to struggle in the first quarter of 2021.

In its earnings report released Wednesday, the Chicago-based carrier reported an adjusted net loss of $2.1 billion for the final three months of 2020 and $7.7 billion for the entire year. 

 

The fourth-qu...