ModeRNA, Inc. sold by co-founder/chair: $455.10m-Mar 29,20,31

Noubar Afeyan, co-founder and chairman of Moderna-through his venture capital firm, Flagship Pioneering. He was born to Armenian parents in Lebanon and immigrated with his family in his early teens to Canada. After attending college, Afeyan came to the United States and earned a Ph.D. in biochemical engineering at the Massachusetts Institute of Technology (MIT). Afeyan is the founder and CEO of Flagship Pioneering, a venture capital company focused on biotechnology, in 2000. The firm has "fostered the development of more than 100 scientific ventures, resulting in $20 billion in total value and over 500 patents

from March 28

Where is the Moderna vaccine made?

A THIRD vaccine produced in the US will be rolled out to Brits by the end of April - as the UK expands jab offers to under-50s. After trials on more than 30,000 people showed the Moderna vaccine to be 94 percent effective against Covid-19, today (Sunday March 28) Oliver Dowden hinted UK supplies could be rolled out as early as next month. Biotech company Moderna was founded in 2010 and was formerly named ModeRNA Therapeutics. The company is part of the US government's Operation Warp Speed programme and is owned by shareholders. Noubar Afeyan is co-founder and chairman of Moderna. Moderna is using a relatively new facility in Norwood, Massachusetts to make the vaccine. Moderna's vaccine trial involved 30,000 people. Moderna's medicines include development candidates for mRNA-based vaccines and therapies spanning several therapeutic areas. It uses mRNA to spur the body to produce its own therapeutic proteins. Moderna calls mRNA “the software of life”.

moar

https://www.the-sun.com/news/1808193/where-moderna-covid-vaccine-made/

https://finviz.com/insidertrading.ashx?oc=1222012&tc=7&b=2

SAM993 USAF G5 departed JBA ne and heading across the pond

This AC was SAM009 on 0330 and had a trip to Maxwell AFB and back to JBA

RCH761T USAF C-17 Globemaster departed Pittsburgh Int'l and bringing back the equipment from yesterday's visit

Record Leverage Means No Policy U-Turn For The PBOC

That seems the thinking behind U.S. President Joe Biden’s economic plan, which now includes a $2.3 trillion spending proposal for infrastructure, green investment and research. Of course, there are still questions about how much Congress can actually deliver, and the spending will be spread out over eight years, meaning the immediate impact on the economy is likely to be less than the headline number suggests. That perhaps explains why Treasury yields increased only modestly Wednesday. The fact that the stock market set new highs suggests that the improvement in earnings is likely to outpace any rise in yields or potential increase in taxes. Back in China, good economic news continues to be treated as bad news for markets. Despite solid PMI data, the CSI 300 Index fell, making it the only major benchmark to post a loss for the year on Bloomberg’s WEI major equity ranking page. Part of the concern is that policy makers will tighten rates to contain financial leverage. China’s total debt increased 29% points last year to 315% of GDP, driven by companies and provincial governments borrowing during the pandemic, according to Citigroup.

Ironically, the very same debt overhang is a constraint on policy tightening. Those highly leveraged firms are vulnerable to rising interest rates and more stringent financial conditions. Citigroup’s economists found about 600 listed Chinese companies with leverage ratios 20 points above their sector averages. Their combined market valuation amounted to 11 trillion yuan ($1.7 trillion), or 17% of the stock market. Assuming their debt is mostly financed by banks, every one percentage point rise in the lending rate would boost their interest payments by 152 billion yuan, equivalent to 30% of their profits, economists led by Liu Li-Gang wrote in a note. Property developers are particularly vulnerable, given their high debt levels and uncertainties regarding regulators’ “three red line” policy aimed at limiting indebted companies’ capacity to borrow. For developers, a rate hike of one percentage point rate will increase their interest costs by 49 billion yuan, or 42% of their profits. “While rising leverage ratio is a concern, the very factor could also be used to argue for caution when the PBOC starts to exit its supportive monetary policy,” Liu and his colleagues wrote. “If not handled with care, we will not only see the Chinese version of ‘taper tantrum’ in the financial markets, but also potentially witness the rising risk of default from those highly indebted enterprises.”

It sounds like the PBOC will be walking a tightrope from here.

https://www.zerohedge.com/economics/record-leverage-means-no-policy-u-turn-pboc

>>74650

Imma usually pretty cool about all this cause it's outta muh hands.

A simple reboot of modem solved it (this time)….of course the easy shit werks!!!

I know you niggas got muh back so not worried about that.

Russian central bank plans to involve banks in two-tier digital rouble system

Russia’s central bank on Thursday said it is leaning towards a two-tier system for a digital rouble, with banks opening digital wallets with the regulator and serving as intermediaries for customers and companies. Large central banks across the world are stepping up efforts to develop digital currencies to modernise financial systems, speed up payments and counter a possible threat from cryptocurrencies.

Russia’s central bank first floated the idea of the digital rouble last October, saying it could be issued on top of existing cash and non-cash roubles to facilitate payments. It has since had to allay fears from banks that the introduction might hurt their profits. “We are leaning towards model D, which will allow us to keep the two-tier system we have and give an additional advantage to citizens, companies and the state in terms of speeding up settlements, heightening their security, reducing costs and increasing financial accessibility,” said Ivan Zimin, head of the central bank’s financial technology department.

This scenario sees the central bank create a digital currency platform and give individuals and companies access through banks and other financial institutions. “The wallet will not be tied only to the credit institution which first opened it,” Zimin said, adding that accessing one’s wallet through another organisation would be possible after certain financial control checks. “In our view, this really increases accessibility and lowers ‘payment slavery’,” he added.

The bank has not yet provided clarity on the technology it plans to use for its digital platform, but Zimin said distributed ledger technology, best known for powering Bitcoin and other cryptocurrencies, was one of the elements being used.

https://www.reuters.com/article/russia-cenbank-rouble/russian-c-bank-plans-to-involve-banks-in-two-tier-digital-rouble-system-idUSL8N2LU4EZ