⏱A hell of a sandwich
J&J vaccine news, and Peloton problems
Good morning everyone, and welcome to the start of another great week!
0:05- Back in Vax
In an interview yesterday, Dr. Anthony Fauci said that he currently expects the Johnson & Johnson Covid vaccine to “return to use” in the US by Friday. This comes slightly less than a week after the vaccine was originally paused due to a total of 6 blood clots out of 7.2M doses given since its initial approval. In addition, on Friday, J&J indicated that there was not enough evidence to prove that the vaccines had been responsible for the blood clots, but as a precaution though, experts say that there is a small chance that age or sex restrictions may be suggested for the vaccine when it returns.
0:34- Drugmakers to appear in court over Opioid Epidemic
Beginning on Monday, Johnson & Johnson, Teva Pharmaceutical, Allergan, and Endo International will all appear in California courts to face claims that they are responsible for “feeding” the opioid epidemic in the US that has killed more than 500k citizens since 1999. Santa Clara County Counsel James Willimas, who is playing a role in the trial, had this to say about the case, “So many families have been affected, so many lives have ended or been completely devastated.”
0:55- Peloton problems
Yesterday the Consumer Product Safety Commission told the public to stop using the Peloton treadmill (simply called “the Tread”) if they have young children or pets. This recommendation comes after a child died in an accident with one back in March, although the CPSC report didn’t indicate how Peleton’s treadmill is more dangerous than other models on the market. Peloton called the report “inaccurate and misleading.”
1:12- A hundred million dollar deli?
Earlier in the week, investors noticed something odd—$HWIN, a stock trading at a $100M market cap was just a single Deli doing slightly less than $35k a year in sales. Unsurprisingly, reports now indicate that the company was a shell company, and a (now-disbarred) lawyer linked to the creation of it pleaded guilty in 2019. Shockingly, the stock is still trading over the market at $12.99 per share.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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