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Fauci says all three Covid vaccines highly effective, urges people to take shot most available

The FDA approved Johnson & Johnson’s vaccine on Saturday, giving the U.S. a third tool to fight the pandemic following vaccines from Moderna and Pfizer.

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Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, speaks during a White House press briefing, at the James Brady Press Briefing Room of the White House January 21, 2021 in Washington, DC.

Alex Wong | Getty Images

White House Chief Medical Advisor Dr. Anthony Fauci said on Sunday he would take the newly approved Johnson & Johnson Covid-19 vaccine and urged Americans to take whichever shot is available when they are eligible.

The Food and Drug Administration approved J&J’s vaccine on Saturday, giving the U.S. a third tool to fight the pandemic following vaccines from Moderna and Pfizer. The company expects to deliver 20 million doses by the end of March.

“All three of them are really quite good, and people should take the one that’s most available to them,” Fauci said on NBC’s “Meet the Press.”

“If you go to a place and you have J&J, and that’s the one that’s available now, I would take it,” Fauci said. “I personally would do the same thing. I think people need to get vaccinated as quickly and as expeditiously as possible.”

The J&J vaccine is different from the others because it’s a one-dose regimen and does not require patients to return for a second dose. It can be stored at refrigerator temperatures for months. The shot has demonstrated 66% effectiveness overall, 72% in the U.S. and 57% in South Africa, which has seen a rapid spread of the B.1.351 variant.

Though the Pfizer and Moderna vaccines showed higher efficacy rates in trials using two doses versus J&J’s single-dose vaccine, Fauci insisted that the J&J shot is not a weaker vaccine and said trial data shouldn’t be compared for the three shots because they were tested at different times.

“You now have three highly efficacious vaccines, for sure,” Fauci said. “There’s no doubt about that.”

While the country is seeing a decline in new coronavirus cases and an improvement in the vaccination rate, Fauci warned states not to prematurely loosen pandemic restrictions, a move which could lead to another surge in infections.

Cases have plummeted from 300,000 a day to roughly 70,000, a baselines that’s still too high, Fauci said.

“We don’t want to continue to prevent people from doing what they want to do. But let’s get down to a good level,” Fauci told CBS’ “Face the Nation.” “Let’s get many, many more people vaccinated. And then you could pull back on those types of public health measures.”

“But right now, as we’re going down and plateauing is not the time to declare victory because we’re not victorious yet,” he said.

The Food and Drug Administration approved J&J’s vaccine on Saturday, giving the U.S. a third tool to fight the pandemic following vaccines from Moderna and Pfizer. The company expects to deliver 20 million doses by the end of March.

Source: https://www.cnbc.com/2021/02/28/fauci-all-three-covid-vaccines-highly-effective-urges-people-to-take-available-shot.html

fauci-says-all-three-covid-vaccines-highly-effective,-urges-people-to-take-shot-most-available

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Source: https://www.cnbc.com/earnings/

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Stitch Fix shares surge as online styling service reports surprise profit

Stitch Fix shares jumped after the online shopping and styling service reported a surprise profit for its fiscal fourth quarter.

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The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Stitch Fix shares jumped 14% in extended trading Tuesday after the online shopping and styling service reported a surprise profit for its fiscal fourth quarter.

Sales for the three-month period ended July 31 also came in higher than analysts were expecting, thanks to outsized growth in Stitch Fix’s women’s and kids’ categories. Menswear has been growing more slowly, the company said.

Consumers have been splurging on new outfits in recent months, as many head back to school and return to social gatherings. Some have also citied the need for new clothes after either gaining or losing weight during the Covid pandemic.

Here’s how Stitch Fix did compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 19 cents vs. a loss of 13 cents expected
  • Revenue: $571.2 million vs. $548 million expected

Net income attributable to shareholders was $28 million, or 19 cents per share, in the latest period. A year ago, it posted a net loss of $44.5 million, or 44 cents a share. Analysts had been looking for the company to book a loss of 13 cents per share.

Revenue grew to $571.2 million from $443.4 million a year earlier. That was better than analysts’ expectations for $548 million.

Stitch Fix reported nearly 4.2 million active clients, up 18% from a year earlier. The company said net revenue per active client was $505, surpassing the $500 threshold for the first time ever. Customers have been purchasing more items to keep at home, Stitch Fix said, as they have more brands and price points to choose from.

Stitch Fix defines active clients as people who either ordered a “Fix” subscription or bought an item directly from its website in the preceding 52 weeks from the final day of the quarter.

The company also said it had its lowest ever churn rate at the end of the period, meaning its customers are sticking around.

Last month, Stitch Fix finally opened up its direct-buy option, which is now known as “Freestyle,” to the public. This allows people to shop Stitch Fix for individual items of clothing, without needing to sign up for a subscription.

CEO Elizabeth Spaulding said this should help Stitch Fix grow its addressable market in the year ahead. The company’s next initiative will be to market and raise broader awareness around the offering, she said. Stitch Fix is preparing to roll out a national advertising campaign on the debut.

Early indications are that “Freestyle” is meaningfully accretive to the company’s revenue per active client metric, Spaulding told analysts on a conference call.

“Clients have agency, flexibility and choice while also experiencing a highly personalized shopping experience,” Spaulding said.

For its fiscal first quarter, Stitch Fix said it sees sales in a range of $560 million to $575 million. That’s below analysts’ expectations for $588 million.

For the upcoming fiscal year, Stitch Fix anticipates sales rising 15% or more from the prior year. Analysts polled by Refinitiv had been looking for an 18% increase.

While the entire retail industry is working through supply chain complications, Stitch Fix said it is seeing a small impact, but nothing that will hurt the business in the fall and winter months. The company said it is less reliant on Vietnam, where manufacturing has largely come to a standstill due to ongoing pandemic lockdowns in the region.

As of Tuesday’s market close, Stitch Fix shares have fallen nearly 39% this year. The company has a market cap of $3.8 billion.

Find the full press release from Stitch Fix here.

Sales for the three-month period ended July 31 also came in higher than analysts were expecting, thanks to outsized growth in Stitch Fix’s women’s and kids’ categories. Menswear has been growing more slowly, the company said.

Source: https://www.cnbc.com/2021/09/21/stitch-fix-sfix-q4-2021-earnings.html

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Earnings

Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

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© 2021 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Market Data Terms of Use and Disclaimers

Data also provided by Reuters

Source: https://www.cnbc.com/earnings/

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