Italy reported nearly 3,600 new coronavirus cases Monday, the smallest day-to-day increase in almost three weeks. The country has reported more than 132,000 total coronavirus cases and more than 16,000 deaths, but that's likely an underestimate. Chris Livesay reports on why some COVID-19 deaths likely weren’t counted.
Reported by CBS News 1 day ago.
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Italy’s coronavirus death toll is likely underreported
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Newgioco Group launches wagering on esports events in Italy to fill the gap left by live sports
Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that it kicked off esports wagering last week through its online betting channel in Italy and it will embrace League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. In a statement, the Toronto-based global sports betting and gaming technology company, said that esports wagering took off on April 3. “Clients of our online operators through Multigioco in Italy are now able to wager on the outcome of esports competitions of League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP,” Newgioco added. READ: Newgioco says coronavirus impacting its sports book, but offset by higher online poker and virtual sports revenue The company has temporarily shuttered 150 betting shop locations throughout Italy due to the coronavirus (COVID-19) pandemic, but the group stressed that the closing of the physical locations does not affect its continuing online and mobile operations. In fact, the wagering on esports is intended “to fill the gap” left by the suspension of live sports and the limited availability of niche sports events, said the company. People can now place bets through all online channels, using personal computers, tablets and mobile phones. Newgioco group CEO Michele Ciavarella said the company was “absolutely committed” to keeping its “full team employed” during the global pandemic despite the challenges facing the markets. “The first result of our whole team approach is the launch of esports in the online channel in Italy within one week of regulatory approval," Ciavarella said. "The rapid go-to-market of esports offerings reflects the talent and efficiency of our design team and flexibility of our Elys platform. The focus is now to accelerate the development of our unique US sports betting platform in preparation for the re-opening of markets once the crisis subsides," he added. The company said it has been processing about 200 to 300 online account applications daily since the government-imposed quarantine took effect on March 8. Newgioco conducts its business primarily through an internet-based betting distribution network on its website, as well as in retail neighbourhood betting shops throughout Italy. It offers a suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. The group also owns and operates innovative betting platform software providing both B2B and B2C bet-processing for casinos, sports betting and other online and land-based gaming operators. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive
Reported by Proactive Investors 23 hours ago.
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Dow jumps 800 points as investors see signs of coronavirus outbreak slowing
· *US stocks rose Tuesday, continuing Monday's rally, as investors were encouraged by signs that the coronavirus pandemic is slowing in major economies.*· *New COVID-19 cases appear to be decelerating in the US, Spain, and Italy. **On Monday, China reported no new deaths from the virus for the first time since the outbreak began.*
· *US airlines gained in early trading, as did cruise lines. Oil climbed on hopes that OPEC and its allies will meet later in the week to discuss production cuts.*
· *Read more on Business Insider.*
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US stocks rose Tuesday, continuing gains from a day earlier, as investors were encouraged by signs that the coronavirus pandemic is slowing in major economies.
New cases of COVID-19, the illness caused by the coronavirus, appear to have fallen from peaks in the US, Italy, and Spain, three countries with severe outbreaks. There are also positive signs in Asia: China on Monday reported no new deaths from the virus for the first time, and new cases in South Korea have slowed.
"The world has finally seen a glimpse of light at the end of this dark tunnel," Hussein Sayed, the chief market strategist at FXTM, told Business Insider.
*Here's where major US indexes stood shortly after the 9:30 a.m. ET market open on Tuesday:*
· *S&P 500:* 2,747.91, up 3.2%
· *Dow Jones industrial average:* 23,480.56, up 3.5% (801 points)
· *Nasdaq composite:* 8,120.37, up 2.6%
*Read more:* Gavin Baker has navigated through 4 bear markets. He shares exactly how to invest in today's volatile environment — and explains why he's laser-focused on 2 areas in particular.
US airlines and cruise lines also gained in early trading. United Airlines jumped 14%, while American Airlines and Delta Air Lines also advanced. Royal Caribbean, Norwegian, and Carnival cruise lines all gained as much as 14%.
Meanwhile, oil prices edged higher on Tuesday on optimism that OPEC and its allies will meet later this week to discuss production cuts.
Still, uncertainty remains about the pace of recovery from the coronavirus-led economic slowdown. Sayed said he thinks that markets are repricing the worst-case scenario because of the virus outbreak and that investors moving into risk assets show that they believe a "V-shaped" recovery is coming.
"Attractive valuations, 'fear of missing out,' and extraordinary stimulus packages also exaggerate the upside moves in prices," he said. "However, no one yet knows the exact damage this virus has already done to the global economy, corporate earnings, and what kind of exit strategies countries will follow in the weeks ahead."
*Read more:* Goldman's credit-investing chief told us how investors can profit from the Fed's mammoth stimulus — including a strategy that would reasonably earn 15% within a year
Join the conversation about this story »
NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption Reported by Business Insider 22 hours ago.
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NA Proactive news snapshot: CytoDyn, Nano One Materials, Marrone Bio, Newgioco …
CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company, revealed Tuesday that it is collaborating with the UK’s Department of Health to provide emergency access to leronlimab (PRO 140), the company’s investigational drug for treating coronavirus (COVID-19) patients. The submission to the Medicines and Healthcare Products Regulatory Agency (MHRA), an executive agency of the UK government, sponsored by the Department of Health and Social Care, is expected to be made soon to include clinical trial sites in the United Kingdom. Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) revealed the Canadian government has increased its contribution via a one-time payment to the tech business in response to the unprecedented coronavirus crisis. Sustainable Development Technology Canada (SDTC) has increased its contribution to Nano One's 'Scaling of Advanced Battery Materials' project by $250,000, bringing the total contribution to $5.25 million, the firm told investors in a statement on Tuesday. Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean energy microturbines, said it has secured its third direct sales order. In a statement Tuesday, the company said the order consists of six C65 microturbines from an industrial manufacturer of sorbent minerals in California. The order brings the current direct sales results to about $2.5 million, or 27% of last quarter’s $9.1 million in gross new product orders. Marrone Bio Innovations Inc (NASDAQ:MBII) announced Tuesday that Pacesetter, its recently approved bio-based plant health product, is now available to corn, soybean and wheat growers in the US. Pacesetter acts synergistically with conventional fungicides to improve plant health and vigor, increasing yields by up to seven bushels per acre in soybeans and 13 bushels per acre in corn, the company said in a statement. Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that it kicked off esports wagering last week through its online betting channel in Italy and it will embrace League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. In a statement, the Toronto-based global sports betting and gaming technology company, said that esports wagering took off on April 3. ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced the design Tuesday of a new high-strength, cost-effective aluminium chassis for its signature single-seat SOLO electric vehicle. The aluminium chassis — the vehicle’s metal skeletal framework — will replace the company’s current composite version in the SOLO EV, making it better suited for mass production by reducing both its weight and per-unit assembly cost. Calyxt Inc (NASDAQ:CLXT) has licensed a unique technology designed to boost efficiency in gene-edited plants, it said on Tuesday. The method, developed by the University of Minnesota, potentially reduces the time needed to edit plants to a matter of months rather than years. The Roseville, Minnesota-based company said that the new technology could increase the speed at which highly desired products like better-tasting plant proteins reach consumers faster. Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) told investors it has struck a renegotiated deal over its high-grade cobalt projects in Nevada, USA, which will give it a controlling interest earlier than planned. The new deal with Nevada Sunrise and Primus Resources will replace and supersede the original option agreement of January last year, in which Global Energy Metals had an option to purchase an undivided 85% interest in the Lovelock and Treasure Box battery minerals project. Power Ore Inc (CVE:PORE) told shareholders Tuesday that it is committed to delivering a technical report on its newly acquired Robitaille and Cooke properties in Quebec as quickly as possible. The February acquisition boosted the company’s flagship Opemiska Copper Complex property from 797 hectares to 9,852 hectares. However, the report may be delayed due to the unprecedented shutdown of businesses and free movement in light of the coronavirus (COVID-19) pandemic, the company acknowledged. Q BioMed Inc (OTCQB:QBIO), which has developed cancer bone pain drug Strontium89, announced Tuesday that it has launched a financial restructuring plan. Under the plan, the company’s lead investor Yorkville Advisors Global (YA) will convert a minimum of $3.8 million into common stock and preferred stock and may convert an additional $500,000, which would be the total debt held by them. And as part of the agreement, which has yet to close, YA will fund an additional $4 million in new capital over the next 2 weeks, according to a statement. OTC Markets Group Inc (OTCQX:OTCM) has enhanced the bank call report data available on OTCMarkets.com by including interactive historical data trend charts for the more than 550 US community banks trading on the OTCQX, OTCQB and Pink markets. Bank call reports come with a slew of data, and the sheer volume of it can make pinpointing changes over time difficult, the group said. The OTC’s new interactive data tools allow users to seamlessly evaluate trends without having to download multiple individual reports and create their own spreadsheets. Lithoquest Diamonds Inc (CVE:LDI) has said it is extending a previously announced private placing, having received the go-ahead from the Toronto Venture Exchange. On February 20, the firm announced the financing for up to $250,000 priced at $0.03 a share to be used for general working capital. Valens GroWorks Corp (CVE:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that it will issue its first-quarter financial results, for the period ended February 29, 2020, on Tuesday, April 14, 2020, after the markets close. The company also said it will host a conference call the following day, Wednesday, April 15, 2020, at 11.00am Eastern Time/8.00am Pacific Time to discuss the financial results and business outlook. Participant Dial-In Numbers are: Toll-Free: 1-877-407-0792; Toll/International: 1-201-689-8263. Participants should request The Valens Company Earnings Call or provide confirmation code 13701091.
Reported by Proactive Investors 23 hours ago.
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What you need to know today about the virus outbreak
The steep rise in coronavirus deaths appeared to be leveling off Monday in hard-hit New York, echoing a trend underway in Italy and Spain. Meanwhile, the crisis escalated alarmingly in Britain, where Prime Minister Boris Johnson was moved to intensive care after his condition deteriorated.
“The numbers look like it may be turning,” New York Gov. Andrew Cuomo said, though he warned that the crisis is far from over while announcing the first, faint signs the outbreak there may be nearing its peak.
As deaths in the U.S. neared 11,000, with more than 365,000 confirmed infections, President Donald Trump said mitigation efforts were showing signs of slowing the spread of the virus.
Here are some of AP’s top stories Tuesday on the world’s coronavirus pandemic. Follow APNews.com/VirusOutbreak for updates through the day and APNews.com/UnderstandingtheOutbreak for stories explaining some of its complexities.
WHAT’S HAPPENING TODAY:
— The latest statistical models show a glimmer of hope, forecasting fewer deaths in the U.S. before August. The only problem with this bit of relatively good news? It’s almost certainly wrong. All models are wrong. Some are just less wrong than others — and those are the ones that public health officials rely on.
— President Donald Trump and his administration are promoting an anti-malaria drug not officially approved for fighting the new coronavirus, even though scientists say more testing is needed before it’s proven safe and effective against COVID-19. Here’s what you need to know about the old malaria drug hydroxychloroquine.
— Trolls have found a new target: video conferencing platforms, like Zoom, that amid the pandemic are crucial for businesses, schools, churches and others to stay connected. Bad actors are... Reported by SeattlePI.com 23 hours ago.
“The numbers look like it may be turning,” New York Gov. Andrew Cuomo said, though he warned that the crisis is far from over while announcing the first, faint signs the outbreak there may be nearing its peak.
As deaths in the U.S. neared 11,000, with more than 365,000 confirmed infections, President Donald Trump said mitigation efforts were showing signs of slowing the spread of the virus.
Here are some of AP’s top stories Tuesday on the world’s coronavirus pandemic. Follow APNews.com/VirusOutbreak for updates through the day and APNews.com/UnderstandingtheOutbreak for stories explaining some of its complexities.
WHAT’S HAPPENING TODAY:
— The latest statistical models show a glimmer of hope, forecasting fewer deaths in the U.S. before August. The only problem with this bit of relatively good news? It’s almost certainly wrong. All models are wrong. Some are just less wrong than others — and those are the ones that public health officials rely on.
— President Donald Trump and his administration are promoting an anti-malaria drug not officially approved for fighting the new coronavirus, even though scientists say more testing is needed before it’s proven safe and effective against COVID-19. Here’s what you need to know about the old malaria drug hydroxychloroquine.
— Trolls have found a new target: video conferencing platforms, like Zoom, that amid the pandemic are crucial for businesses, schools, churches and others to stay connected. Bad actors are... Reported by SeattlePI.com 23 hours ago.
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Amid pandemic, Czech intensive care ward is still half-full
PRAGUE (AP) — Unlike their colleagues in Italy and Spain, Czech hospital doctors have not yet needed to make harrowing decisions on which COVID-19 patients get the best care.
Only half the ten intensive care ward beds were occupied Tuesday at Prague's General University Hospital, where the Czech Republic treats people with the most serious coronavirus complications.
Several of the country's hospitals were even in a position to offer spare beds to badly-hit France.
While the crisis is far from over in the country, the government’s top epidemiologist, Deputy Health Minister Roman Prymula said the health care system “managed to stabilize the epidemic so it doesn’t have an exponential character. That’s what we can say for sure.”
The country of more than 10 million had 4,828 infected people on Tuesday, according to health ministry figures. A total 80 have died since the pandemic began and 86 patients were in intensive care Tuesday. The number of tests has been on the rise but the day-to-day increase in cases on Monday was at 235 the second lowest in a week.
As the pandemic struck slightly later than in western Europe, Czech authorities gained some extra breathing space. They used it to impose sweeping restrictions on daily life, but — unlike most other European countries — made the wearing of protective masks obligatory in all public areas.
At the same time, a lack of protective gear was gradually resolved with help from NATO that provided giant transport planes to fly in supplies from China.
“It’s clear that the measures were absolutely adequate because they prevented an uncontrolled spread of the infection and made it possible for us to get ready the hospitals’ capacity and enough beds, ventilators and other necessary equipment,” Prymula said.
.
.. Reported by SeattlePI.com 23 hours ago.
Only half the ten intensive care ward beds were occupied Tuesday at Prague's General University Hospital, where the Czech Republic treats people with the most serious coronavirus complications.
Several of the country's hospitals were even in a position to offer spare beds to badly-hit France.
While the crisis is far from over in the country, the government’s top epidemiologist, Deputy Health Minister Roman Prymula said the health care system “managed to stabilize the epidemic so it doesn’t have an exponential character. That’s what we can say for sure.”
The country of more than 10 million had 4,828 infected people on Tuesday, according to health ministry figures. A total 80 have died since the pandemic began and 86 patients were in intensive care Tuesday. The number of tests has been on the rise but the day-to-day increase in cases on Monday was at 235 the second lowest in a week.
As the pandemic struck slightly later than in western Europe, Czech authorities gained some extra breathing space. They used it to impose sweeping restrictions on daily life, but — unlike most other European countries — made the wearing of protective masks obligatory in all public areas.
At the same time, a lack of protective gear was gradually resolved with help from NATO that provided giant transport planes to fly in supplies from China.
“It’s clear that the measures were absolutely adequate because they prevented an uncontrolled spread of the infection and made it possible for us to get ready the hospitals’ capacity and enough beds, ventilators and other necessary equipment,” Prymula said.
.
.. Reported by SeattlePI.com 23 hours ago.
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Here are the lessons the West should learn from China's COVID-19 exit strategy to avoid disaster
· China and other Asian countries have been relatively successful in dealing with COVID-19 and can offer lessons to the West, JPMorgan said in a note on Tuesday.· Implementation of social distancing measures and lockdowns have been effective in containing the spread of the virus.
· Western countries should borrow measures such as maintaining lockdowns after cases peak; delaying mass gatherings; and using tech to track COVID-19 patients.
· Visit Business Insider's homepage for more stories.
The West should draw lessons from Asian countries — especially China — that have successfully flattened the curve of coronavirus infections and deaths.
That's according to a note from analysts at JPMorgan, which warned of a risk of infection rebound when Western countries ease out of widely enforced lockdowns.
The analysts warned against relaxing social distancing measures too quickly. These efforts, they wrote, should continue two weeks after concrete evidence that the infection rate has peaked.
Italy, which has reported the highest number of coronavirus-related deaths, should not relax its curfew before late April, they wrote. And the US, which has the highest number of infections globally, should not be out of lockdown before mid-May.
The analysts noted that premature lifting of social distancing measures during the 1918 influenza pandemic, more popularly known as the Spanish flu, backfired and caused a second wave of infections.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, along with others, has said COVID-19 is deadlier than the flu.
Countries shouldn't relax their social distancing measures until they have enough intensive care units and hospital beds available to deal with a second wave of infections, JPMorgan cautioned.
Identifying people who had contracted and recovered from the virus, through accurate antibody testing, could also speed up a return to normal. These people could start returning to work and normal life, JPMorgan wrote.
*The West should use phone data, and fast*
JPMorgan also praised the way Asian countries used tech to help them tackle the virus faster. Monitoring coronavirus patients, and issuing warnings to those they had contact with, helped contain the spread.
In China, authorities kept track of people with different QR codes, designating coronavirus patients with a red code. Israel used phone data to trace people infected with COVID-19 or those who have been in contact with others infected.
See More: POWER PLAYERS: Meet 20 Wall Street restructuring bankers who will navigate the defaults and bankruptcies of the coronavirus crisis
There are obvious concerns about privacy here, but JPMorgan suggests Western countries can adapt these techniques and strike an "appropriate balance" between privacy and the use of technology for contact tracing.
*Delay school reopening and maintain social distancing even once retail stores open up*
The analysts wrote that it might be wise to follow China's lead in delaying school openings for some weeks after lockdown measures are relaxed, since children have the potential to transmit the virus.
And even after restaurants and shops reopen, countries should still limit how many people can enter particular spaces. The analysts warned against resuming mass gatherings like concerts and conferences until after the summer.
*SEE ALSO: Boris Johnson spent the night in intensive care receiving oxygen treatment after his coronavirus symptoms worsened*
*SEE ALSO: Japan declares state of emergency, plans $1 trillion stimulus to combat coronavirus downturn*
*SEE ALSO: WhatsApp limits mass message-forwarding to try and stop the wild spread of coronavirus misinformation*
*SEE ALSO: Millions will die, Trump administration was warned in coronavirus memos sent in January and February*
Join the conversation about this story »
NOW WATCH: How to find water when you're stuck in the desert Reported by Business Insider 21 hours ago.
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Why Italy's coronavirus death toll is likely much higher
At one nursing home, 33 people have died since the outbreak began, but they aren't in the country's death toll.
Reported by CBS News 22 hours ago.
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Sex. Drugs. Virus. Venezuela elites still party in pandemic
MIAMI (AP) — They whiled away the week on a sex- and drug-fueled romp: dancing on white-sand beaches and frolicking on a paradisaical Caribbean island with prostitutes from Europe, some snapping selfies with famous reggaeton artists.
But unbeknownst to several children of Venezuela's ruling elite, the coronavirus was spreading among them.
For some of Venezuela’s high-flying “Bolichicos"— the privileged offspring of the socialist revolution — the party hasn’t stopped amid a widening pandemic in a country already gripped by crisis.
To date, the virus has claimed only seven confirmed fatalities in Venezuela. But the potential is high for the pandemic to overwhelm an already crippled health system, where hospitals lack water, electricity and supplies.
It’s not clear how many people got sick last month on the Los Roques archipelago. But a raucous party that became a cluster of infections has raised concerns at the highest level of the government and drawn condemnation from Venezuelans locked down at home for weeks.
“There was a party, on an island, and practically everyone at the party is testing positive,” embattled leader Nicolás Maduro said on state TV March 20.
Three days later, as embarrassing Instagram posts leaked out under the hashtag #CoronavirusParty, he downplayed it.
“Who is going to criticize a party? They didn’t know they were sick,” said Maduro, who was indicted by the U.S. last month on narcotics charges.
Whether it's crowded Miami beaches during spring break or clandestine raves in Spain and Italy in the pandemic's early days, parties among the young and rich have been tough to tamp down.
In Latin America, the world’s most unequal region, jet-setting elites are blamed for importing the virus. In Mexico, for example, nearly 20... Reported by SeattlePI.com 21 hours ago.
But unbeknownst to several children of Venezuela's ruling elite, the coronavirus was spreading among them.
For some of Venezuela’s high-flying “Bolichicos"— the privileged offspring of the socialist revolution — the party hasn’t stopped amid a widening pandemic in a country already gripped by crisis.
To date, the virus has claimed only seven confirmed fatalities in Venezuela. But the potential is high for the pandemic to overwhelm an already crippled health system, where hospitals lack water, electricity and supplies.
It’s not clear how many people got sick last month on the Los Roques archipelago. But a raucous party that became a cluster of infections has raised concerns at the highest level of the government and drawn condemnation from Venezuelans locked down at home for weeks.
“There was a party, on an island, and practically everyone at the party is testing positive,” embattled leader Nicolás Maduro said on state TV March 20.
Three days later, as embarrassing Instagram posts leaked out under the hashtag #CoronavirusParty, he downplayed it.
“Who is going to criticize a party? They didn’t know they were sick,” said Maduro, who was indicted by the U.S. last month on narcotics charges.
Whether it's crowded Miami beaches during spring break or clandestine raves in Spain and Italy in the pandemic's early days, parties among the young and rich have been tough to tamp down.
In Latin America, the world’s most unequal region, jet-setting elites are blamed for importing the virus. In Mexico, for example, nearly 20... Reported by SeattlePI.com 21 hours ago.
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Early Addition: Tracy Morgan Describes His Erotic Quarantine Experiences
Because MLB wants to start up in May, check out today's midday links: Trump coronavirus warning, Sandler/Fallon quarantine song, "Cats" editing, Wisconsin primary, Italy update, capybara angst and more. [ more › ]
Reported by Gothamist 21 hours ago.
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NA Proactive news snapshot: Ideanomics, Steppe Gold, Parallax Health Sciences, BioCorRx UPDATE …
Ideanomics Inc (NASDAQ:IDEX) said Tuesday that its electric vehicle division, Mobile Energy Global (MEG), has deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as well as other big Chinese cities. In a statement, the New York-based company, which has offices in Beijing, said the pilot in Nanjing’s Jiangsu province will focus on the “interoperability of three critical components” in EV energy consumption: payment systems, charging stations, and energy supply chains. The company said the energy sales pilot in Nanjing will help MEG generate revenues from “prepaid energy sales to commercial EV fleet operators as well as revenues from point-of-sale energy consumption” at charging stations. Steppe Gold Ltd (TSE:STGO), a producing gold miner operating in Mongolia, has a well-established management team and is expected to produce strong annual cash flows from its flagship Altan Tsaagan Ovoo (ATO) mine. That's the view of Stonegate Capital Partners, which has started covering the stock. It puts a valuation of between C$0.50 and C$1.81 on the shares with a mid-point at C$1.13. Steppe shares are currently changing hands in Toronto at C$0.78. On March 25 this year, the firm announced a major milestone, in that it produced first gold from ATO using already crushed and stacked ore. It also received the final cyanide permit in the fourth quarter of 2019 and is on track to produce 60,000 ounces of the precious metal in 2020. Parallax Health Sciences Inc (OTCPINK:PRLX) subsidiary Parallax Diagnostics Inc is distributing vitamin D supplements to coronavirus (COVID-19) medical and clinical services workers through a partnership with CURE Pharmaceutical Holding Corp. The firm produces CUREfilm D, an oral thin film supplement that delivers a dose of vitamin D, which has been shown to reduce respiratory infections and boost immune activity, the company said. CUREfilm D contains vitamin D3, the ideal form to maintain active vitamin D levels over an extended period of time. The 50,000 IU dose is ideal for elderly patients with low vitamin D levels or patients with a high body mass index that impair vitamin D circulation. BioCorRx Inc (OTCQB:BICX) announced a new measure to help support vulnerable patients recover from alcohol or drug dependencies through the coronavirus pandemic. The addiction treatment solutions company is offering free access to its recovery program mobile platform to assist medical professionals in engaging with their patients throughout the outbreak. BioCorRx Recovery Program is a proprietary medication-assisted treatment program that uses specific cognitive behavioral therapy modules and peer support in conjunction with physician-prescribed medications for alcohol and opioid use disorders. CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company, revealed Tuesday that it is collaborating with the UK’s Department of Health to provide emergency access to leronlimab (PRO 140), the company’s investigational drug for treating coronavirus (COVID-19) patients. The submission to the Medicines and Healthcare Products Regulatory Agency (MHRA), an executive agency of the UK government, sponsored by the Department of Health and Social Care, is expected to be made soon to include clinical trial sites in the United Kingdom. Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) revealed the Canadian government has increased its contribution via a one-time payment to the tech business in response to the unprecedented coronavirus crisis. Sustainable Development Technology Canada (SDTC) has increased its contribution to Nano One's 'Scaling of Advanced Battery Materials' project by $250,000, bringing the total contribution to $5.25 million, the firm told investors in a statement on Tuesday. Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean energy microturbines, said it has secured its third direct sales order. In a statement Tuesday, the company said the order consists of six C65 microturbines from an industrial manufacturer of sorbent minerals in California. The order brings the current direct sales results to about $2.5 million, or 27% of last quarter’s $9.1 million in gross new product orders. Marrone Bio Innovations Inc (NASDAQ:MBII) announced Tuesday that Pacesetter, its recently approved bio-based plant health product, is now available to corn, soybean and wheat growers in the US. Pacesetter acts synergistically with conventional fungicides to improve plant health and vigor, increasing yields by up to seven bushels per acre in soybeans and 13 bushels per acre in corn, the company said in a statement. Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that it kicked off esports wagering last week through its online betting channel in Italy and it will embrace League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. In a statement, the Toronto-based global sports betting and gaming technology company, said that esports wagering took off on April 3. ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced the design Tuesday of a new high-strength, cost-effective aluminium chassis for its signature single-seat SOLO electric vehicle. The aluminium chassis — the vehicle’s metal skeletal framework — will replace the company’s current composite version in the SOLO EV, making it better suited for mass production by reducing both its weight and per-unit assembly cost. Calyxt Inc (NASDAQ:CLXT) has licensed a unique technology designed to boost efficiency in gene-edited plants, it said on Tuesday. The method, developed by the University of Minnesota, potentially reduces the time needed to edit plants to a matter of months rather than years. The Roseville, Minnesota-based company said that the new technology could increase the speed at which highly desired products like better-tasting plant proteins reach consumers faster. Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) told investors it has struck a renegotiated deal over its high-grade cobalt projects in Nevada, USA, which will give it a controlling interest earlier than planned. The new deal with Nevada Sunrise and Primus Resources will replace and supersede the original option agreement of January last year, in which Global Energy Metals had an option to purchase an undivided 85% interest in the Lovelock and Treasure Box battery minerals project. Power Ore Inc (CVE:PORE) told shareholders Tuesday that it is committed to delivering a technical report on its newly acquired Robitaille and Cooke properties in Quebec as quickly as possible. The February acquisition boosted the company’s flagship Opemiska Copper Complex property from 797 hectares to 9,852 hectares. However, the report may be delayed due to the unprecedented shutdown of businesses and free movement in light of the coronavirus (COVID-19) pandemic, the company acknowledged. Q BioMed Inc (OTCQB:QBIO), which has developed cancer bone pain drug Strontium89, announced Tuesday that it has launched a financial restructuring plan. Under the plan, the company’s lead investor Yorkville Advisors Global (YA) will convert a minimum of $3.8 million into common stock and preferred stock and may convert an additional $500,000, which would be the total debt held by them. And as part of the agreement, which has yet to close, YA will fund an additional $4 million in new capital over the next 2 weeks, according to a statement. OTC Markets Group Inc (OTCQX:OTCM) has enhanced the bank call report data available on OTCMarkets.com by including interactive historical data trend charts for the more than 550 US community banks trading on the OTCQX, OTCQB and Pink markets. Bank call reports come with a slew of data, and the sheer volume of it can make pinpointing changes over time difficult, the group said. The OTC’s new interactive data tools allow users to seamlessly evaluate trends without having to download multiple individual reports and create their own spreadsheets. Lithoquest Diamonds Inc (CVE:LDI) has said it is extending a previously announced private placing, having received the go-ahead from the Toronto Venture Exchange. On February 20, the firm announced the financing for up to $250,000 priced at $0.03 a share to be used for general working capital. Valens GroWorks Corp (CVE:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that it will issue its first-quarter financial results, for the period ended February 29, 2020, on Tuesday, April 14, 2020, after the markets close. The company also said it will host a conference call the following day, Wednesday, April 15, 2020, at 11.00am Eastern Time/8.00am Pacific Time to discuss the financial results and business outlook. Participant Dial-In Numbers are: Toll-Free: 1-877-407-0792; Toll/International: 1-201-689-8263. Participants should request The Valens Company Earnings Call or provide confirmation code 13701091.
Reported by Proactive Investors 21 hours ago.
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New York state overtakes Italy, has coronavirus cases second only to Spain: Reuters tally
New York state overtook Italy on Tuesday, reporting overall coronavirus cases second in the world only to Spain, according to a Reuters tally.
Reported by Reuters 20 hours ago.
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Italy’s new coronavirus cases continue to drop
Reported by Chicago S-T 19 hours ago.
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Florida travelers with coronavirus visited 46 U.S. states, 75 foreign destinations before diagnosis
New York was by far the top U.S. destination for Florida travelers. Spain was the top foreign destination. Italy didn't even make the top 10.
Reported by USATODAY.com 36 minutes ago.
Reported by USATODAY.com 36 minutes ago.
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J.K. Rowling Remembers Alan Rickman in Emotional Tweet (& We're Not Crying, You Are)
Always. J.K. Rowling had an emotional moment while remembering the late Harry Potter actor Alan Rickman in a recent tweet. A fan tweeted, “Tonight in Italy they air ‘Harry Potter and the Deathly Hallow Part 2′. As always, I’m NOT ready to say goodbye to Severus Snape … Thank you @jk_rowling for this unique character [...]
Reported by Just Jared 35 minutes ago.
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Dow erases 937-point gain, closes negative, as investors weigh new coronavirus developments
· *US stocks slid Tuesday as investors continued to weigh new coronavirus developments.*· *All three major indexes surged in early trading before paring gains throughout the afternoon and closing in negative territory.*
· *New COVID-19 cases appear to be decelerating in the US, Spain, and Italy. **On Monday, China reported no new deaths from the virus for the first time since the outbreak began.*
· *Read more on Business Insider.*
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US stocks slid Tuesday as investors weighed signs that the coronavirus pandemic is slowing in major economies. Sharp early gains pared in afternoon trading before all three indexes closed in negative territory.
Recent gains have been driven by an apparent slowdown in coronavirus cases. New cases appear to have fallen from peaks in the US, Italy, and Spain, three countries with severe outbreaks. New York Gov. Andrew Cuomo said Tuesday that hospitalizations are slowing, even though the state reported its highest one-day jump of deaths.
There are also positive signs in Asia: China on Monday reported no new deaths from the virus for the first time, and new cases in South Korea have slowed.
"The world has finally seen a glimpse of light at the end of this dark tunnel," Hussein Sayed, the chief market strategist at FXTM, told Business Insider.
*Here's where major US indexes stood at the market close at 4 p.m. ET on Tuesday:*
· *S&P 500:* 2,659.41, down 0.2%
· *Dow Jones industrial average:* 22,653.86, down 0.1% (26 points)
· *Nasdaq composite:* 7,887.26, down 0.3%
*Read more:* Coronavirus investing 3-1-1: A global fund manager beating 98% of his peers shares 3 stocks that are must-haves, one he'll buy when opportunity strikes, and one he doesn't trust anymore
Despite finishing the day lower, all three major US indexes rallied into a technical bull market early in Tuesday's trading session, marking a 20% rally from recent lows.
"I would call that a bear market rally," Randy Frederick, vice president of trading and derivatives for Charles Schwab, told Business Insider. "If we rebound so quickly from the bottom and go right back into a sharp upturn, which frankly we've almost done, it concerns me that we're going to have a second downturn."
US airlines and cruise lines gained. United Airlines edged 2% higher, while American Airlines climbed 8%. Royal Caribbean surged nearly 14%, Norwegian cruise lines gained more than 10%, and Carnival spiked as much as 27% after Saudi Arabia bought a stake in the company Monday.
Still, uncertainty remains around the pace of recovery from the coronavirus-led economic slowdown. In March, requests to suspend or reduce mortgage payments increased more than 3,000% as homeowners scramble for relief, according to a Tuesday report from the Mortgage Brokers Association.
Small business optimism also pplummeted by the most on record in March, according to the National Federation of Independent Business. At the same time, a measure of small business uncertainty rose to the highest level since 2017.
*Read more:* The US stock chief at UBS breaks down his 5-part strategy for investors looking to dominate the most uncertain earnings season in years
Treasury Secretary Steven Mnuchin said Tuesday afternoon that he has spoken with congressional leaders about adding an additional $250 billion to the small business loan program. A vote is planned for Thursday. Last month, congress approved $350 billion for small businesses as a part of the record $2 trillion CARES act.
Sayed said he thinks that markets are repricing the worst-case scenario because of the virus outbreak and that investors moving into risk assets show that they believe a "V-shaped" recovery is coming.
"Attractive valuations, 'fear of missing out,' and extraordinary stimulus packages also exaggerate the upside moves in prices," he said. "However, no one yet knows the exact damage this virus has already done to the global economy, corporate earnings, and what kind of exit strategies countries will follow in the weeks ahead."
It's also likely that markets will remain choppy as the coronavirus pandemic continues on. Even though the Cboe Volatility Index has fallen from recent highs, it's still at "panic level," according to Frederick.
"Remember that when you're in a period of time like this that you're going to get big moves up and down," Sayed said.
*Read more:* Gavin Baker has navigated through 4 bear markets. He shares exactly how to invest in today's volatile environment — and explains why he's laser-focused on 2 areas in particular.
Join the conversation about this story »
NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption Reported by Business Insider 16 hours ago.
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Europe's nursing homes in spotlight for uncounted virus dead
ROME (AP) — Italian authorities said Tuesday they were investigating the country’s biggest nursing home where 70 residents died last month, in a stark reminder of the difficulties Europe faces in accurately counting its pandemic victims, particularly among the elderly
Lombardy regional Gov. Attilio Fontana said he had opened a commission of inquiry into the deaths at Milan’s Pio Albergo Trivulzio home, given published claims by a doctor and a union leader that management downplayed the risk of infection and wrongly attributed the causes of death. La Repubblica newspaper said Milan prosecutors had opened a criminal investigation.
The Trivulzio home, which has 1,000 residents, disputed the Repubblica report, saying it had abided by all health care precautions, that COVID-19 tests simply weren’t available for its sick residents, and that the number of dead was in line with its 2019 toll.
Nursing home deaths have come to represent a significant hidden toll from the pandemic in Europe, since many elderly were never tested for the coronavirus, were never hospitalized and their deaths were never counted in official virus tolls.
“There is an underestimate of deaths in nursing homes, it’s futile to deny it,’’ said Dr. Giovanni Rezza, head of infectious disease at Italy’s National Institutes of Health.
He dodged questions about why residents weren’t being tested en masse, but acknowledged that entire clusters of infection had been traced to nursing homes, including at three facilities in central Lazio, far from Europe's main epicenter in the north.
It's not just Italy. Authorities in the Madrid region, where more than 3,300 elderly have died at nursing homes, enacted an emergency response plan last month which included sending troops to disinfect buildings. In late March, they made a shocking discovery,... Reported by SeattlePI.com 17 hours ago.
Lombardy regional Gov. Attilio Fontana said he had opened a commission of inquiry into the deaths at Milan’s Pio Albergo Trivulzio home, given published claims by a doctor and a union leader that management downplayed the risk of infection and wrongly attributed the causes of death. La Repubblica newspaper said Milan prosecutors had opened a criminal investigation.
The Trivulzio home, which has 1,000 residents, disputed the Repubblica report, saying it had abided by all health care precautions, that COVID-19 tests simply weren’t available for its sick residents, and that the number of dead was in line with its 2019 toll.
Nursing home deaths have come to represent a significant hidden toll from the pandemic in Europe, since many elderly were never tested for the coronavirus, were never hospitalized and their deaths were never counted in official virus tolls.
“There is an underestimate of deaths in nursing homes, it’s futile to deny it,’’ said Dr. Giovanni Rezza, head of infectious disease at Italy’s National Institutes of Health.
He dodged questions about why residents weren’t being tested en masse, but acknowledged that entire clusters of infection had been traced to nursing homes, including at three facilities in central Lazio, far from Europe's main epicenter in the north.
It's not just Italy. Authorities in the Madrid region, where more than 3,300 elderly have died at nursing homes, enacted an emergency response plan last month which included sending troops to disinfect buildings. In late March, they made a shocking discovery,... Reported by SeattlePI.com 17 hours ago.
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Amazon may fire employees who violate social distancing guidelines, even as workers say the company isn't doing enough to protect them from the coronavirus (AMZN)
· Amazon said it may fire employees who "intentionally violate" its social distancing rules at work, as first reported by CNBC and confirmed to Business Insider.· The policy comes amid criticism over Amazon's efforts to protect workers at its warehouses, as well as the company's firing of a worker after he led a strike in protest of Amazon's coronavirus response.
· Amazon told Business Insider it is following public health guidelines and has "implemented a series of preventative health measures for employees, delivery and transportation partners at our sites around the world."
· Visit Business Insider's homepage for more stories.
Amazon has told employees at its warehouses that they could be fired for violating social distancing rules at work, as first reported by CNBC and confirmed to Business Insider by an Amazon spokesperson.
"We've had some instances of employees intentionally violating our clear guidelines on social distancing at our sites, which endangers both the individual and their colleagues," Amazon spokesperson Timothy Carter told Business Insider. "Individuals who intentionally violate our social distancing guidelines will receive two warnings – on the second documented offense, termination may occur,"
Amazon said it has staggered shift times and added distance between delivery drivers and customers, among other measures, to ensure social distancing at its facilities.
However, employees have told Business Insider that such social distancing is "impossible" in practice, and that the company's adjustments are insufficient to protect them from the coronavirus. Workers have said they're afraid to go to work, calling the facilities — many of which typically employ thousands of workers — a "breeding ground" for the virus.
Over the past several weeks, warehouse workers in New York, Chicago, and Italy have organized walkouts in protest of the company's health and safety practices. Employees want Amazon to shut down facilities for extra cleaning after colleagues have tested positive for COVID-19, and are asking the company to offer paid time off for workers while it does so.
Amazon recently fired a warehouse employee in New York who helped lead a strike to protest of the company's coronavirus response. The company says it fired him not for his involvement in the protest, but for violating a self-quarantine order imposed after Amazon learned he had come into contact with a coworker who had tested positive for COVID-19.
New York City's human rights commissioner has since opened an investigation into the incident, after a leaked memo showed top Amazon executives discussing efforts to mount a PR campaign against the worker in an attempt to make him "the face of the entire union/organizing movement."
Amazon last month announced that it would offer paid sick leave to anyone diagnosed with COVID-19. With limited tests available, though, workers who are sick but unable to confirm that they have the disease told Buzzfeed they're still being sent home without pay.
Amazon also told Business Insider it is offering unlimited unpaid time off to hourly workers through the end of April, but that has put workers who can't afford to take unpaid leave in a tough position.
"It's leaving us to choose our health or our finances," one Amazon worker from Houston who wished to remain anonymous told Business Insider. "Everybody looks scared, but we can't afford not to go to work."
Amazon has been trying to balance the safety of its workers with increased demand for its services as coronavirus lockdowns worldwide fuel a surge in online shopping. The company has said it will hire as many as 100,000 workers in an attempt to keep up with that demand.
Join the conversation about this story »
NOW WATCH: Jeff Bezos reportedly just spent $165 million on a Beverly Hills estate — here are all the ways the world's richest man makes and spends his money Reported by Business Insider 16 hours ago.
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Saving elderly from coronavirus ‘a priority,’ Vatican’s laity dicastery says
Vatican City, Apr 7, 2020 / 02:35 pm (CNA).- During the coronavirus pandemic, saving the elderly must be just as important as saving others, the Vatican’s Laity, Family, and Life dicastery has said.
In an April 4 statement, the dicastery said “despite the complexity of the situation we live in, it is necessary to clarify that saving the lives of the elderly who live within residential homes or who are alone or sick, is a priority as much as saving any other person.”
“Faced with the scenario of a generation hit so severely, we have a common responsibility, which stems from the awareness of the invaluable value of every human life and from gratitude to our fathers and grandparents,” it continued.
The statement noted that in Italy, one of the epicenters of the COVID-19 pandemic, it is estimated that 80% of the people who have so far lost their lives to the virus were over the age of 70.
As of Tuesday, over 17,000 people have died in Italy from the coronavirus, with victims having an average age of 78 and a median age of 80. According to Johns Hopkins University, more than 78,000 people have died from COVID-19 worldwide.
The dicastery warned that loneliness is an added threat to the elderly; and said that loneliness could be the “previous pathology” which weakens an older person and makes the virus “more lethal” for him or her.
“It is no coincidence that we are witnessing the death, in terrible proportions and ways, of
many people who live far from their families, and in truly debilitating and disheartening conditions of solitude,” the laity office underlined.
The dicastery said it is important for the Church to serve the elderly and find ways to combat loneliness in this difficult time, especially when in-person visits are not possible.
It praised those who are making calls and sending video messages and letters to those who are alone, as well as the parishes which are delivering food and necessities to those who cannot go out.
It also noted that “almost everywhere, priests continue to visit homes to dispense the sacraments.”
“But the gravity of the moment calls all of us to do more,” the statement urged.
The dicastery said “as individuals and as local churches, we can do much for the elderly: pray for them, cure the disease of loneliness, activate solidarity networks and much more.”
This generational impact calls the Church to “a common responsibility,” the laity office said, underlining that the coronavirus “affects the future of our ecclesial communities and our societies because, as Pope Francis recently said, 'the elderly are the present and tomorrow of the Church.’”
“So let us join in prayer for grandparents and the elderly around the world. Let us gather around them with our thoughts and hearts, and when possible, let’s act, so that they are not alone,” the statement concluded.
Reported by CNA 16 hours ago.
In an April 4 statement, the dicastery said “despite the complexity of the situation we live in, it is necessary to clarify that saving the lives of the elderly who live within residential homes or who are alone or sick, is a priority as much as saving any other person.”
“Faced with the scenario of a generation hit so severely, we have a common responsibility, which stems from the awareness of the invaluable value of every human life and from gratitude to our fathers and grandparents,” it continued.
The statement noted that in Italy, one of the epicenters of the COVID-19 pandemic, it is estimated that 80% of the people who have so far lost their lives to the virus were over the age of 70.
As of Tuesday, over 17,000 people have died in Italy from the coronavirus, with victims having an average age of 78 and a median age of 80. According to Johns Hopkins University, more than 78,000 people have died from COVID-19 worldwide.
The dicastery warned that loneliness is an added threat to the elderly; and said that loneliness could be the “previous pathology” which weakens an older person and makes the virus “more lethal” for him or her.
“It is no coincidence that we are witnessing the death, in terrible proportions and ways, of
many people who live far from their families, and in truly debilitating and disheartening conditions of solitude,” the laity office underlined.
The dicastery said it is important for the Church to serve the elderly and find ways to combat loneliness in this difficult time, especially when in-person visits are not possible.
It praised those who are making calls and sending video messages and letters to those who are alone, as well as the parishes which are delivering food and necessities to those who cannot go out.
It also noted that “almost everywhere, priests continue to visit homes to dispense the sacraments.”
“But the gravity of the moment calls all of us to do more,” the statement urged.
The dicastery said “as individuals and as local churches, we can do much for the elderly: pray for them, cure the disease of loneliness, activate solidarity networks and much more.”
This generational impact calls the Church to “a common responsibility,” the laity office said, underlining that the coronavirus “affects the future of our ecclesial communities and our societies because, as Pope Francis recently said, 'the elderly are the present and tomorrow of the Church.’”
“So let us join in prayer for grandparents and the elderly around the world. Let us gather around them with our thoughts and hearts, and when possible, let’s act, so that they are not alone,” the statement concluded.
Reported by CNA 16 hours ago.
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NA Proactive news snapshot: Phunware, Antibe, LeanLife, Ideanomics, Steppe Gold, Parallax Health Sciences UPDATE …
Phunware Inc (NASDAQ:PHUN) announced Tuesday it is launching a Pandemic Response Solution for mobile to address critical challenges faced by the healthcare industry due to the coronavirus (COVID-19) pandemic. Phunware said it can deploy a native mobile application within days, for both iOS and Android, to support pandemic response efforts. The company’s mobile solution for a rapid response to COVID-19 provides a unique software layer that enables healthcare organizations to access all of the features and capabilities of Phunware’s Multiscreen-as-a-Service (MaaS) platform. Phunware said its Pandemic Response Solution helps healthcare organizations quickly identify, locate and engage both patients and staff. The system leverages Phunware’s patented Location Based Services software and Beacon Management Solution to deliver proximity, sub one-second real-time blue dot indoor positioning, navigation and wayfinding functionality across any campus or facility while simplifying and streamlining the underlying beacon deployment and management for both the facility staff and administrators alike. Antibe Therapeutics Ltd (CVE:ATE) (OTCQB:ATBPF) chief scientific officer Dr John Wallace is a guest editor for the prestigious British Journal of Pharmacology’s Special Issue, "Hydrogen Sulfide in Biology & Medicine." The Special Issue is comprised of nearly 250 pages of peer-reviewed work that highlights the many ways in which hydrogen sulfide is progressing as a key biological molecule and therapeutic agent. Toronto-based Antibe's hydrogen sulfide technology is at the core of its drug pipeline, which includes the flagship drug candidate ATB-346, a naproxen-derivative that delivers pain relief without gastrointestinal damage. LeanLife Health Inc (CSE:LLP) reached a commission sales agreement with biochemist and health food industry veteren Desmon Yau, granting him the exclusive right to sell LeanLife products in 18 Asian countries. Yau will earn a 10% commission on a fixed selling price, which LeanLife will set. He will also receive 200,000 stock options. The agreement is valid until February 28, 2021. The deal will bring LeanLife products to China, India, Indonesia, Pakistan, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Singapore, Taiwan and Hong Kong, among others. DXI Energy Inc (TSE:DXI) (OTCQB:DXIEF) is examining its path forward amid the economic upheaval caused by the coronavirus pandemic and subsequent drop off of oil prices. The Vancouver-based company said Tuesday that it was planning a sale of its hydrocarbon assets, including the 99% owned-Woodrush production facility and its Kokopelli gas project in Colorado. Funds from the anticipated sale will go towards searching for new business, DXI said in a statement announcing its exit from the hydrocarbon business. Blockchain Holdings Ltd (CSE:BCX) announced Tuesday it has closed the first tranche of an oversubscribed public placement for nearly C$1.5 million. The technology company will use the funds to finalize the acquisition of TRACEsafe, a global health monitoring product that is seeing interest by governments and corporations dealing with the global coronavirus pandemic. Due to increased demand, the Tortola, British Virgin Islands-based company is boosting the size of the private placement to C$1.6 million and intends to close a subsequent tranche shortly, it told investors. GlobeX Data Ltd (CSE:SWIS) (OTCQB:SWISF) is in the final stages of setting up a partnership with an S&P firm, which would offer the company’s secure business cloud solutions package to the firm’s more than 100,000 associates. The identity of the partner will be revealed once a launch date for GlobeX’s service has been selected, the company said. The package includes DigitalSafe, GlobeX’s Swiss-hosted secure document management and collaboration cloud tool, which is equipped with a data backup, secure file share, a password manager and a secure email; and PrivaTalk, the company’s secure communications suite, which includes encrypted messaging, secure email and encrypted video and voice communication. Ideanomics Inc (NASDAQ:IDEX) said Tuesday that its electric vehicle division, Mobile Energy Global (MEG), has deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as well as other big Chinese cities. In a statement, the New York-based company, which has offices in Beijing, said the pilot in Nanjing’s Jiangsu province will focus on the “interoperability of three critical components” in EV energy consumption: payment systems, charging stations, and energy supply chains. The company said the energy sales pilot in Nanjing will help MEG generate revenues from “prepaid energy sales to commercial EV fleet operators as well as revenues from point-of-sale energy consumption” at charging stations. Steppe Gold Ltd (TSE:STGO), a producing gold miner operating in Mongolia, has a well-established management team and is expected to produce strong annual cash flows from its flagship Altan Tsaagan Ovoo (ATO) mine. That's the view of Stonegate Capital Partners, which has started covering the stock. It puts a valuation of between C$0.50 and C$1.81 on the shares with a mid-point at C$1.13. Steppe shares are currently changing hands in Toronto at C$0.78. On March 25 this year, the firm announced a major milestone, in that it produced first gold from ATO using already crushed and stacked ore. It also received the final cyanide permit in the fourth quarter of 2019 and is on track to produce 60,000 ounces of the precious metal in 2020. Parallax Health Sciences Inc (OTCPINK:PRLX) subsidiary Parallax Diagnostics Inc is distributing vitamin D supplements to coronavirus (COVID-19) medical and clinical services workers through a partnership with CURE Pharmaceutical Holding Corp. The firm produces CUREfilm D, an oral thin film supplement that delivers a dose of vitamin D, which has been shown to reduce respiratory infections and boost immune activity, the company said. CUREfilm D contains vitamin D3, the ideal form to maintain active vitamin D levels over an extended period of time. The 50,000 IU dose is ideal for elderly patients with low vitamin D levels or patients with a high body mass index that impair vitamin D circulation. BioCorRx Inc (OTCQB:BICX) announced a new measure to help support vulnerable patients recover from alcohol or drug dependencies through the coronavirus pandemic. The addiction treatment solutions company is offering free access to its recovery program mobile platform to assist medical professionals in engaging with their patients throughout the outbreak. BioCorRx Recovery Program is a proprietary medication-assisted treatment program that uses specific cognitive behavioral therapy modules and peer support in conjunction with physician-prescribed medications for alcohol and opioid use disorders. CytoDyn Inc (OTCQB:CYDY), a late-stage biotechnology company, revealed Tuesday that it is collaborating with the UK’s Department of Health to provide emergency access to leronlimab (PRO 140), the company’s investigational drug for treating coronavirus (COVID-19) patients. The submission to the Medicines and Healthcare Products Regulatory Agency (MHRA), an executive agency of the UK government, sponsored by the Department of Health and Social Care, is expected to be made soon to include clinical trial sites in the United Kingdom. Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) revealed the Canadian government has increased its contribution via a one-time payment to the tech business in response to the unprecedented coronavirus crisis. Sustainable Development Technology Canada (SDTC) has increased its contribution to Nano One's 'Scaling of Advanced Battery Materials' project by $250,000, bringing the total contribution to $5.25 million, the firm told investors in a statement on Tuesday. Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean energy microturbines, said it has secured its third direct sales order. In a statement Tuesday, the company said the order consists of six C65 microturbines from an industrial manufacturer of sorbent minerals in California. The order brings the current direct sales results to about $2.5 million, or 27% of last quarter’s $9.1 million in gross new product orders. Marrone Bio Innovations Inc (NASDAQ:MBII) announced Tuesday that Pacesetter, its recently approved bio-based plant health product, is now available to corn, soybean and wheat growers in the US. Pacesetter acts synergistically with conventional fungicides to improve plant health and vigor, increasing yields by up to seven bushels per acre in soybeans and 13 bushels per acre in corn, the company said in a statement. Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that it kicked off esports wagering last week through its online betting channel in Italy and it will embrace League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. In a statement, the Toronto-based global sports betting and gaming technology company, said that esports wagering took off on April 3. ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced the design Tuesday of a new high-strength, cost-effective aluminium chassis for its signature single-seat SOLO electric vehicle. The aluminium chassis — the vehicle’s metal skeletal framework — will replace the company’s current composite version in the SOLO EV, making it better suited for mass production by reducing both its weight and per-unit assembly cost. Calyxt Inc (NASDAQ:CLXT) has licensed a unique technology designed to boost efficiency in gene-edited plants, it said on Tuesday. The method, developed by the University of Minnesota, potentially reduces the time needed to edit plants to a matter of months rather than years. The Roseville, Minnesota-based company said that the new technology could increase the speed at which highly desired products like better-tasting plant proteins reach consumers faster. Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) told investors it has struck a renegotiated deal over its high-grade cobalt projects in Nevada, USA, which will give it a controlling interest earlier than planned. The new deal with Nevada Sunrise and Primus Resources will replace and supersede the original option agreement of January last year, in which Global Energy Metals had an option to purchase an undivided 85% interest in the Lovelock and Treasure Box battery minerals project. Power Ore Inc (CVE:PORE) told shareholders Tuesday that it is committed to delivering a technical report on its newly acquired Robitaille and Cooke properties in Quebec as quickly as possible. The February acquisition boosted the company’s flagship Opemiska Copper Complex property from 797 hectares to 9,852 hectares. However, the report may be delayed due to the unprecedented shutdown of businesses and free movement in light of the coronavirus (COVID-19) pandemic, the company acknowledged. Q BioMed Inc (OTCQB:QBIO), which has developed cancer bone pain drug Strontium89, announced Tuesday that it has launched a financial restructuring plan. Under the plan, the company’s lead investor Yorkville Advisors Global (YA) will convert a minimum of $3.8 million into common stock and preferred stock and may convert an additional $500,000, which would be the total debt held by them. And as part of the agreement, which has yet to close, YA will fund an additional $4 million in new capital over the next 2 weeks, according to a statement. OTC Markets Group Inc (OTCQX:OTCM) has enhanced the bank call report data available on OTCMarkets.com by including interactive historical data trend charts for the more than 550 US community banks trading on the OTCQX, OTCQB and Pink markets. Bank call reports come with a slew of data, and the sheer volume of it can make pinpointing changes over time difficult, the group said. The OTC’s new interactive data tools allow users to seamlessly evaluate trends without having to download multiple individual reports and create their own spreadsheets. Lithoquest Diamonds Inc (CVE:LDI) has said it is extending a previously announced private placing, having received the go-ahead from the Toronto Venture Exchange. On February 20, the firm announced the financing for up to $250,000 priced at $0.03 a share to be used for general working capital. Valens GroWorks Corp (CVE:VLNS) (OTCQX:VLNCF), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, announced that it will issue its first-quarter financial results, for the period ended February 29, 2020, on Tuesday, April 14, 2020, after the markets close. The company also said it will host a conference call the following day, Wednesday, April 15, 2020, at 11.00am Eastern Time/8.00am Pacific Time to discuss the financial results and business outlook. Participant Dial-In Numbers are: Toll-Free: 1-877-407-0792; Toll/International: 1-201-689-8263. Participants should request The Valens Company Earnings Call or provide confirmation code 13701091.
Reported by Proactive Investors 15 hours ago.
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