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Fighting raged on around Syria, killing more than people, an activist group reported. Battling a month-old uprising against 42 years of rule by his family, Assad was filmed at prayer with his prime minister and foreign minister but not with his vice president, Farouq al-Shara, whose reported defection was denied the previous day.
He was shown swearing in the new prime minister a week ago. Related Coverage. Dressed in a suit and tie, Assad smiled as he greeted officials including senior members of his Baath Party. He is the replacement for Riyad Hijab, a Sunni who has joined the opposition to Assad since his defection was announced on August 6. Hijab was the highest-level Syrian official to desert the government so far. With diplomatic efforts to end the war hampered by divisions between world powers and regional rivalries, Syria is facing the prospect of a prolonged conflict that threatens to destabilize the Middle East with its sectarian overtones, pitting a mainly Sunni Muslim opposition against the Alawite minority to which Assad belongs.
The figure could not be independently verified. It reported fighting in Damascus, Deraa and elsewhere despite the start of the Eid holiday. Valuation is obviously a concern, and certainly the primary one. After all, hype aside, Ocugen stock is a company almost entirely devoid of revenues.
At its current market capitalization, therefore, Ocugen stock sells for a mind-numbing 40, times trailing sales, which is kind of a lot. Now, what must Ocugen do to justify this valuation -- one that's not just "sky high" above fair value, but more orbiting somewhere out past Saturn? Although Covaxin has an ongoing Phase III clinical trial, that's happening in India, and Nakae thinks that even after initial results are in probably in March , the company may need to conduct an additional study in the U.
Next, Ocugen will need to set up manufacturing operations to produce the vaccine in the U. This will of course cost money, and this is probably one reason why Nakae predicts the company "will likely need to raise debt or equity funds in the future. Finally, once manufacturing has been set up and the vaccine goes on sale, the company will have to compete with multiple other vaccines already on the market -- and then split any profits that do result with its partner Bharat.
And of course, all of this only happens if the vaccine proves effective, and safe enough to convince the FDA to issue the EUA. So how long will all of this take? How long before Ocugen turns into something resembling a business, as opposed to just a "coronavirus play? The current outlook offers a conundrum. On the one hand, based on 3 Buys and 1 Hold, the stock has a Strong Buy consensus rating.
It will be interesting to see whether the analysts downgrade their ratings or upgrade price targets over the coming months. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The Apple Inc. The South Korean company - after the first successful approaches last January - was ready to make the Kia plant in West Point Georgia available to Apple, but some days ago the process came to a screeching halt, apparently due to internal disagreements within the Hyundai board.
Apple's goal would be to strike an agreement with an Asian company, probably to intercept the potential endless electric car market in the continent. See Also: Why Apple Could Emerge As Tesla's 'First True Competitor' Time Until "We are receiving several requests for cooperation in the joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided," Hyundai executives said in a note in which they dismissed the deal with Apple.
In conclusion, the Apple Car will have to wait for now: there is time until , which is the expected release date. This article originally appeared on Financialounge. It does not represent the opinion of Benzinga and has not been edited. Benzinga does not provide investment advice.
All rights reserved. The Federal Reserve and other powerful central banks have viewed a curiously long bout of low inflation as proof that stimulating the economy through unconventional money-printing measures can ease the pain of downturns. Prioritizing economic support over inflation risk seemed like the right move: Many emerging market central banks initially offset the impact of fleeing foreign investors and rising borrowing costs, while helping to lift their stock prices.
Interest from retail investors appeared to lift cannabis stocks broadly higher on Wednesday, signaling that the recent trading frenzy behind Reddit favorites such as GameStop is shifting to other companies. The green energy industry has been red-hot throughout Here are the 2 companies could do very well in Nio NIO is entering its next phase of expansion.
Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park. It is not the first time the province and Nio are crossing paths. The Hefei government and its affiliates intend to re-invest all profits from the equity investments back into the NIO China partnership. Details were not provided on financing sources, but we suspect there will be large support in the form of bank credit lines or arrangements similar in nature.
The company is set on entering the European market before the end of the year. Yu expects Norway to be the first destination. The analyst consensus rates the stock a Moderate Buy based on 8 Buys and 5 Holds. Three of the SPACs have completed deals, one has a pending merger and two are still searching for targets.
The tweet shows that all 12 deals he has been a part of have performed well. Clover Health offers Medicare Advantage plans. The company says it holds a top-three market share position in its established market. MP Materials NYSE: MP is a rare earth mining company that is the "thing behind the thing" to support electric vehicles and wind turbines in the future. Palihapitiya invested as part of the PIPE choosing the company as his way to attack the growing disruptive insurance market.
Okay new question for my spacsquad on this Friday night. Of the 12 Chamath spacs listed below, how many do you currently own and how many of them have you owned at some point. The automaker has reportedly been in negotiations with banks about its IPO plans. Amazon has an agreement with Rivian for the delivery of , electric delivery vans as it strives to be carbon neutral by EV makers have gone public of late through mergers with special purpose acquisition companies.
General Motors tumbled after a chip-shortage warning, while Twitter surged on strong earnings results. Jim Cramer sees froth in the stock market Wednesday. Here's where he's putting his attention. Dow 30 31, Nasdaq 14, Russell 2, Crude Oil Gold 1,
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