whedontube

Technology

Tag: Coronavirus

14
Oct
2020
Posted in technology

HCA Healthcare Returning $6 Billion In Federal Coronavirus Aid

It’s rare when a company returns federal money. It’s rarer still when that money amounts to billions of dollars. Yet that’s the situation with top U.S. hospital operator HCA Healthcare (NYSE:HCA), which aims to return gobs of government largesse from whence it came.

All told, HCA announced that it’s planning to return roughly $6 billion, $1.6 billion of which consists of federal COVID-19 grants and $4.4 billion in Medicare loans. Both were provided as part of the government’s Coronavirus Aid, Relief, and Economic Security Act (CARES) passed in the early stages of the current pandemic.

HCA benefited from the loans and grants bestowed upon operators of healthcare facilities to help keep them afloat.

The company will pay those funds back because it continues to thrive, even though many elective surgeries have been postponed or canceled in the face of the coronavirus.

Last week HCA published a “preview” of its Q3 of fiscal 2020 results, indicating year-over-year revenue growth approaching 5%, to an estimated $13.3 billion. It is also projecting only a relatively modest drop in profitability, with non-GAAP (adjusted) EBITDA — earnings before interest, taxes, depreciation, and amortization — sliding to around $2.03 billion from the year-ago result of almost $2.29 billion.

“During the early days of the pandemic, the Company took a conservative approach which included a number of actions to meet the operational and financial challenges this global health crisis was expected to present,” HCA explained in the press release heralding the preliminary Q3 figures.

The company did not provide a timetable as to when it would repay the federal grants and loans.

Tuesday was a good day for HCA stock; it rose by almost 2.1%, against the 0.6% drop of the S&P 500 index.

This article originally appeared in the Motley Fool.

Eric Volkman has no position

11
Oct
2020
Posted in internet

Duchess Meghan, Prince Harry, Malala talk challenges amid coronavirus

CLOSE

The Duke of Sussex has urged people in the US to “reject hate speech” and vote in the country’s upcoming presidential election.

Video Elephant

Reflecting on the negative impact that online bullying can have on a person’s mental health, Duchess Meghan recalled the comments and headlines written about her last year being “almost unsurvivable.” 

Speaking alongside her husband, Prince Harry, in an episode of the “Teenager Therapy” podcast Friday in honor of World Mental Health Day on Saturday, Meghan reflected on facing “damaging” and “manufactured” stories about herself. 

“I’m told that in 2019, I was the most trolled person in the entire world, male or female,” she said. “Eight months of that, I wasn’t even visible – I was on maternity leave with a baby. But what was able to just be manufactured and churned out: It’s almost unsurvivable. That’s so big, you can’t even think of what that feels like. I don’t care if you’re 15 or you’re 25, if people are saying things about you that aren’t true, what that does to your mental and emotional health is so damaging.” 

More: Harry and Meghan win legal fight against paparazzi over drone pictures of Archie

Prince Harry and Duchess Meghan of Sussex arrive at the annual Endeavour Fund Awards in London on March 5, 2020. (Photo: Kirsty Wigglesworth, AP)

She added: “From my standpoint and part of the work that we do is from our own personal experience, being able to talk to people and understand that even though our experience is unique to us and obviously can seem very different from what people experience on the day-to-day, it’s still a human experience and that’s universal. We all know what it feels like to have our feelings hurt. We all know what it feels like to be isolated

09
Oct
2020
Posted in technology

Moderna Doesn’t Plan To Enforce Coronavirus Vaccine Patents During Pandemic

Drugmakers live and die by the exclusivity provided by patents on their medications. Generic competition or even a branded competitor can substantially cut a company’s market share. But Moderna (NASDAQ:MRNA) is putting society ahead of its bottom line. The biotech announced on Thursday that it won’t enforce patents for its coronavirus vaccine during the COVID-19 pandemic.

The company noted: “We feel a special obligation under the current circumstances to use our resources to bring this pandemic to an end as quickly as possible. Accordingly, while the pandemic continues, Moderna will not enforce our COVID-19 related patents against those making vaccines intended to combat the pandemic.”

Moderna has patents on its base technology, which allows for the expression of protein-based vaccines in patients’ cells through the use of mRNA. The company also has patents on the delivery of mRNA-based vaccines using its lipid nanoparticles technology.

Investors shrugged off the announcement, with shares closing up 0.8% for the day. That might be because Moderna is in a no-win situation. If it did actually try to enforce patents to keep other drugmakers from launching competing vaccines, the biotech would be seen as a bully given the unprecedented need. At least by saying it won’t enforce the patents, Moderna gets a public relations boost.

The company could even make a little money off the situation. Moderna said it’s willing to license its intellectual property for coronavirus vaccines in the post-pandemic period. Competitors worried about a patent fight might agree to pay for a license to reduce their risk.

This article originally appeared in the Motley Fool.

Brian Orelli, PhD and The Motley Fool have no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Nine vaccine candidates are in last-stage trials Nine vaccine candidates are in last-stage trials Photo: Russian Direct Investment Fund / Handout

S

08
Oct
2020
Posted in gadget

‘Disinfection’ cabinet that zaps coronavirus could be the must-have gadget this Christmas

A “disinfection” cabinet that zaps coronavirus could be the must-have gadget this Christmas as manufacturers launch a range of anti-COVID appliances amid demand for professional levels of hygiene in UK households.



Beko Hygienic Shield cleaning cabinet


Beko Hygienic Shield cleaning cabinet

The cleaning cabinet uses UV light to kill bacteria and viruses on the surfaces of personal objects such as keys, mobile phones, bags and toys.

The gadget, which looks like a microwave and costs £199, has been put on the market by the electrical brand Beko.

It is part of the brand’s “Hygiene Shield” range, which also includes a fridge with a disinfection drawer and tumble dryer with a UV setting. The products were rushed into production after a poll of Beko customers in 31 countries found widespread concerns about domestic hygiene.

READ MORE:Nearly ‘a third of Brits’ start Christmas shopping early

The company said the products are designed to provide consumers with “peace of mind that their homes are safe and clean.”

Online electrical goods retailer AO.com said there had been a huge rise in searches for terms such as “anti-bac” and “steam clean” on its website, according to the Guardian.

Sales of steam cleaning appliances have shot up by 140% this year, compared with 2019, while demand for washing machines with 90C wash cycles and steam settings rose by 87%, according to AO.

Unilever highlighted a jump in demand for soap and cleaning products supplies during lockdown which looks set to continue.

READ MORE:Coronavirus: 10 million hand sanitiser bottles heading to landfill

“Consumers are extremely uncomfortable with coming back into their homes after they’ve been outside, whether it’s shopping, something being delivered, their clothing, their shoes, their keys, their phones,” Hakan Bulgurlu, chief executive of Beko owner Arçelik, told the Guardian.

“Everybody has a little table where they put keys,

06
Oct
2020
Posted in technology

11 Ways Holiday Shopping Will Be Different This Year Due To Coronavirus

It’s safe to say the 2020 holiday season will be a completely different experience. Many Americans will skip their annual trip home to visit family as a precaution against COVID-19, while others will be hoping for the Christmas miracle of a full-time job.

There will be big changes to the retail landscape, too. Whether you’re planning a scaled-back holiday or expect to celebrate the same as always, here’s what you should know about shopping and saving money through the end of the year.

1. Most People Plan To Shop Despite Financial Strain

The coronavirus pandemic has touched most everyone’s lives in some way. For many, it’s had an effect on their finances. From higher expenses related to learning and working from home, to loss of jobs and income, many Americans are facing a tougher-than-usual holiday season.

Even so, 66% of consumers say they plan to spend the same amount of money or more this holiday season to create a sense of normalcy and keep traditions alive, according to a new survey by RetailMeNot.

Amazon Prime Day is expected to be the top shopping day in Q4, with 67% of people planning to make a purchase during this event. The next most-planned shopping days, according to the survey, include Cyber Monday (65%) and Black Friday (59%).

The most popular purchases are expected to be electronics (61%), followed by clothing and accessories (52%) and shoes (33%).

2. Shopping Kicks Off Much Earlier

Amazon Prime Day, which usually takes place in July, will span two days: Oct. 13 and 14. “Prime Day will open up the holiday shopping season, setting off a cascade of holiday sales that are likely to continue through early December,” said Nathan Burrow, deals expert for Wirecutter.

This push for early holiday shopping is practical as