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Tag: supply

WHO’s COVAX COVID-19 vaccine drive doubles global supply to 2 billion doses

WHO’s COVAX COVID-19 vaccine drive doubles global supply to 2 billion doses

World
Dec. 18 (UPI) -- A global initiative seeking fair access to COVID-19 vaccines for poorer countries said Friday it has secured commitments for 2 billion doses in nearly 200 nations -- doubling its existing supply. COVAX, the effort co-led by the World Health Organization, said it has guaranteed access to doses of vaccines that are now in development -- including new commitments for 500 million doses of a vaccine being tested by Johnson & Johnson and 170 million from one by AstraZeneca. Advertisement COVAX already had an agreement with the Serum Institute of India for 200 million doses of either the AstraZeneca vaccine or a candidate under development by U.S. biotech Novavax. There's also a statement of intent for 200 million doses of a vaccine from Sanofi and GlaxoSmithKline. "We now h...
US sanctions on Huawei hit chip supply and growth, exec says

US sanctions on Huawei hit chip supply and growth, exec says

Technology
A Huawei executive says that recent U.S. sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone businessBy ZEN SOO AP Technology WriterSeptember 10, 2020, 9:23 AM• 2 min readHONG KONG -- A Huawei executive says that recent U.S. sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone business.Richard Yu, president of Huawei Technologies’ consumer business, said at a company conference for developers on Thursday that the company has still managed to gain a 51% market share in the Chinese smartphone industry.The U.S. has imposed various sanctions on Huawei, citing national security concerns. The latest, ordered in August, restrict foreign semiconductor com
Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more

Stocks making the biggest moves after hours: Tractor Supply Company, Disney, Novavax and more

Finance
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.Daniel Slim | AFP | Getty ImagesCheck out the companies making headlines after the bell.Tractor Supply Company — The farm supplies retailer's stock shot up 7% in extended trading after the company provided its financial outlook for the second quarter of 2020 at a time when many companies are withdrawing guidance. Tractor Supply said it expects "record-breaking" sales and earnings, as well as comparable-store sales growth of 20% to 25%. The company's stock is up 46% since March 16 and has been the best-performing retailer in the S&P 500 during that time. Disney — The entertainment giant's stock climbed 1% in extended trading after the company
Microsoft says virus hurting supply chain more than expected

Microsoft says virus hurting supply chain more than expected

Technology
The virus outbreak in China is hurting Microsoft more than expected, as the company says it won't meet targets that had already factored in the uncertaintyBy MATT O'BRIEN AP Technology WriterFebruary 26, 2020, 10:34 PM2 min readREDMOND, Wash. -- The virus outbreak in China is hurting Microsoft more than expected, as the company said it won't meet targets that had already factored in the uncertainty. In particular, Microsoft said revenue from Windows licenses and its Surface devices “are more negatively impacted than previously anticipated.” The company said demand for Windows products is still strong, but getting the supply chain back to normal is taking longer. That goes for both Microsoft-made Surface devices and Windows products made by third parties, which include Acer and Lenovo. Las
Wind delays Northrop Grumman’s supply run to space station

Wind delays Northrop Grumman’s supply run to space station

Technology
High wind has delayed Northrop Grumman's supply run to the International Space StationBy MARCIA DUNN AP Aerospace WriterFebruary 14, 2020, 8:55 PM1 min readCAPE CANAVERAL, Fla. -- High wind delayed Northrop Grumman's supply run to the International Space Station on Friday. The weather was OK at the launch pad on Wallops Island, Virginia, but upper-level winds exceeded safety limits. The company will try again Saturday at 3:21 p.m. — an easy-to-remember 3-2-1. It will be Northrop Grumman's third attempt in under a week to launch its Antares rocket with a Cygnus capsule on top. Sunday's try was interrupted by pad equipment concerns, then bad weather moved in. The delivery includes nearly 4 tons of experiments and gear, as well as candy and cheese for the three station astronauts. ——— The