Novartis to start making coronavirus vaccine this month

Novartis to start making coronavirus vaccine this month

Swiss drugmaker Novartis will start producing a genetic coronavirus vaccine this month under a deal with Massachusetts researchers. AveXis, Novartis’s gene-therapy arm, agreed to manufacture the vaccine being developed by Massachusetts Eye and Ear and Massachusetts General Hospital. Production will start in time for clinical trials that are scheduled to begin in the second half … Read more

Coronavirus crisis crippling debt-heavy Serta Simmons

Coronavirus crisis crippling debt-heavy Serta Simmons

The nation’s biggest mattress maker is in danger of becoming a coronavirus casualty this summer — and it’s the company’s private-equity owners that have made it vulnerable. Serta Simmons — a 150-year-old manufacturer that controls nearly 40 percent of the US mattress market — is facing a liquidity crunch as its retailers struggle with state-ordered … Read more

Coronavirus turns financial advisers into grief counselors for families who lose loves ones

Coronavirus turns financial advisers into grief counselors for families who lose loves ones

Most people would assume that financial planners only manage money. But advisers often see themselves as having a responsibility to help people manage their emotions. Financial planners are particularly active in this role lately, and not just because clients express fear and uncertainty about their stock portfolios. Some advisers are losing clients to COVID-19. The … Read more

Stocks slide on US-China, social media worries

Stocks slide on US-China, social media worries

Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Trump said he would sign an executive order related to social media companies and said he would hold a news conference on China on Friday. Stocks had been higher for most of the session as investors continued … Read more