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Fri, Apr 17, 2:11 AM (1 day ago)
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NATIONAL HEADLINES
FRIDAY APRIL 17TH, 2020
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April 18
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| FEATURED BIOGRAPHY
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| Albert Einstein
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| FEATURED EVENT
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| 1775
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| The midnight ride of Paul Revere
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| MORE EVENTS ON THIS DAY
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| 2012: American television personality and businessman
Dick Clark, who was the longtime host of American Bandstand (1957–87), died in California.
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| 1945: During the U.S. invasion of the Japanese island of Okinawa in World War II, American war correspondent Ernie Pyle
was killed on nearby Ie Island by Japanese gunfire.
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Good morning. Anyone else only watching Lady Gaga's concert to see inside the houses of celebrities? We'll be on the lookout for Brew mugs.
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NASDAQ
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8,650.14
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+ 1.38%
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S&P
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2,874.56
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+ 2.68%
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DJIA
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24,242.49
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+ 2.99%
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GOLD
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1,692.40
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- 2.27%
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10-YR
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0.643%
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+ 1.90 bps
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OIL
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18.18
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- 8.51%
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*As of market close
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U.S. markets: Though
thousands of Americans died from the coronavirus this week, investors
chose to focus on plans to relax stay-at-home restrictions. Stocks gained for the second straight week.
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Robin Utretcht/SOPA Images/LightRocket via Getty Images
With
widespread COVID-19 vaccines looking like a New Year's resolution for
2021, both the biotech and business communities are increasingly betting
on antibody testing to get us back to some semblance of normal.
To the la-bor-a-tory
First, Dee
Dee get out. Now, what are antibodies? The Brew’s resident bio PhD (this
writer’s sister) said, “Proteins that can recognize other proteins.
That’s as simple as I can make it.”
- In the case of the
coronavirus, certain antibodies can tell us whether a person has been
exposed to the virus in the past—and if they’ve possibly developed immunity. All it takes is a blood sample.
- Antibody tests can give a more accurate tally of how many people have been unknowingly infected. In one California county, a large-scale community test found between 50x and 80x more infections than originally reported.
Big picture:
Antibody tests could potentially help public health officials safely
lift social distancing measures by indicating whether large swaths of
the population have developed immunity.
The good news?
More tests could be coming. Swiss pharma company Roche said yesterday it’s developed an antibody test
for COVID-19 that it plans to start selling early next month, and
dozens of other companies have introduced similar tests. Some are as
simple as an at-home pregnancy test; others require a medical
professional to administer them.
But officials aren’t sold on antibody testing for several reasons: 1) The WHO warned
yesterday that these tests can't actually prove someone is immune to
the coronavirus 2) there are concerns about accuracy and 3) without a
centralized results database or uniform method for testing, we’re still
flying relatively blind.
Zoom out:
Many experts say reliable antibody testing to determine immunity could
take as long to develop and distribute as a vaccine. But that hasn’t
stopped biotech companies like Roche from taking advantage of relaxed
regulations to give it their best shot.
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Francis Scialabba
We’re
calling it now: a surge in babies named Febreze, Downy, and Tide Pod in
January. It only makes sense considering all the time we’re
spending...cleaning.
- Fabric and home care revenue spiked 10% and healthcare sales 9%.
- However, sales at
P&G’s grooming and beauty divisions dipped 1% and rose 1%,
respectively, as we put dramatically less effort into our appearances.
Zoom out: P&G’s
sales clearly got a boost from COVID-19. And while execs were satisfied
with last quarter’s attitude of “clean clothes, full pantries, can’t
lose,” they warned of future volatility given widespread unemployment and retail closures.
Another big question:
Post COVID-19, will we keep handwashing even when someone else isn't in
the bathroom? P&G CFO Jon Moeller thinks so—he says our newfound
appreciation for hygiene will outlast the pandemic, which could mean more solid earnings for P&G.
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SpaceX
NASA announced yesterday that it’s targeting a May 27 launch date
to send two astronauts to the International Space Station aboard a
SpaceX rocket. That’d be one small step for man, one giant leap for
everyone who’s said “what planet are we living on” in the last month.
It is an enormous step for one specific man: Elon Musk. This NASA launch will be the first on a rocket owned by a private company—Musk’s SpaceX.
- Musk founded SpaceX in 2002 with the goal of enabling people to live on other planets. This will be the first time it flies humans.
- If successful, it’ll give SpaceX a leg up over Boeing, which also has a NASA contract to fly astronauts to the ISS.
As for NASA, this
means more money for freeze-dried ice cream. Its astronauts have been
schlepping to Russia to get to and from the ISS, to the tune of $83 million per seat. This launch will be the first flight of NASA crews from U.S. soil since 2011.
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Uncle Jimmy
might be great at prank calls, but he’s pretty useless when it comes to
real estate investment advice. That’s why we trust DiversyFund.
They are an alternative investment platform that opens up new ways for
everyday investors to diversify their portfolio and invest outside the
typical exchanges, starting with their Growth REIT.
You know the spiel: Diversification is key to long-term financial success. That’s why DiversyFund is making once off-limits investments available to everyone.
Their Growth REIT allows investors to invest in alternatives that hedge
against market volatility. Especially in uncertain times, DiversyFund
chooses assets that have a steady history, like commercial
properties—specifically multifamily properties.
DiversyFund is SEC-qualified, so you remain informed on all aspects of your investment. Plus, they have no management fees.
Leave the jokes to Uncle Jimmy, and learn how to invest in
million-dollar deals without writing million-dollar checks with
DiversyFund.
You can start investing in the REIT with as little as $500 right here.
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Giphy
It looks
like we might finally have weekend plans. On Sunday, ESPN and Netflix
are releasing the first two episodes of the massively hyped 10-part
Michael Jordan docuseries, “The Last Dance,” providing an in-depth look
into the Chicago Bulls’s 1997–98 season.
The backstory: ESPN started its 30 for 30
documentary franchise in 2009 to celebrate its 30th anniversary—30
films to celebrate 30 years of covering sports. Since then, the
franchise has grown to include over 90 films, including critically
acclaimed specials like “OJ: Made in America.”
Enter “His Airness”
If Michael Jordan had Scottie Pippen, "The Last Dance" has mass
stay-at-home orders leaving viewers with all the time in the world to
stream videos.
- The current record for a 30 for 30 documentary premiere is “You Don’t Know Bo” with 3.6 million viewers on Dec. 8, 2012.
- The MJ doc is expected to top that. As the LA Times writes, it's not just a TV show..."it's a cultural event."
Bottom line:
With a virtual NFL draft scheduled to begin on Thursday, April 23, ESPN
finally has some non-obscure sports programming in the pipeline. Here’s
a cornhole highlight if that makes you sad.
+ Bonus question: Did we choose the right Jordan GIF? One of the most difficult decisions a newsletter writer can make.
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President Trump sent off a series of tweets seemingly meant to encourage protestors angry about social distancing measures in several states.
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Retailers, restaurants, and hotels got a combined 18% of emergency small business loans issued by the government, as of Thursday.
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More cancellations: San Diego’s Comic-Con and Taylor Swift’s entire 2020 concert lineup. Don’t tell us to calm down.
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Walmart will hire 50,000 more workers.
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Bill Gates is the subject of online conspiracy theories.
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Let’s look towards the long-term. DiversyFund allows everyday investors to invest outside the typical exchanges and protect against market volatility with their Growth REIT.
DiversyFund manages assets directly, getting rid of the middleman and
the pesky fees that come with them. Learn how you can build wealth like the 1% with just $500 here.
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Weekend conversation starters...for your next Zoom happy hour or your always-listening pen pal (that’s us):
Reading books in quarantine
is great because 1) a book placed next to coffee makes for a quality
Instagram Story pic and 2) a book will never ask if you want to
“continue reading.” For some recommendations, check out the latest
installment of Brew’s Bookshelf, where we're sharing our team’s favorite business-related reads.
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One of these headlines is not like the others. Namely, real. Can you spot the news headline we made up?
- “Following complaints, Brooklyn block institutes auditions for 7pm cheering”
- “Sourd.io is like a fitness tracker for your sourdough starter”
- “Dating app Bumble provides small-business cash faster than U.S."
- “A Florida bar pulled down $10,000 in single bills stuck to the wall so it could pay its 22 unemployed workers”
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It only takes 3 referrals to earn access to Light Roast, our exclusive Sunday newsletter.
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SATURDAY HEADLINES ANSWER
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Haven't heard of cheering auditions, but...feel like that's not out of the realm of possibility.
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| ADVERTISEMENT |
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