Russia’s Covid-19 Vaccine Shows Early Success: Report
Fracking in the Shale Fields Slows for the First Time Since 2017
Frackers are blasting less sand into shale wells for the first time in almost three years as oil explorers adjust to lower oil demand and prices amid the coronavirus pandemic.
Shale explorers are pumping an average of roughly 2.9 million pounds of sand a day during the current quarter, marking the first time since the final three months of 2017 that growth has subsided, according to Coras Research LLC. Sand per well is a key measurement of frack efficiency because more sand typically means more of the rock fissures that allow crude to flow.
“E&Ps are not getting the same bang for their frac buck this quarter,” Daniel Cruise, founder of Coras, wrote in a report on Thursday. If frack efficiency continues to decline, it “would put more pressure on U.S. shale production going forward.”
Frackers and other hired hands of the oil patch have been among the most beaten up during the historic crude crash as the global pandemic saps demand for oil-derived products. Global service giants Schlumberger and Halliburton Co. are turning their attention outside of North America, with expectations for international sales to make up more of their business going forward.
After the number of active U.S. frack crews bottomed out at 100 in mid-May, 40 crews have been put back to work, mostly in the Permian Basin of West Texas and New Mexico, according to Coras.
Andy Murray Crashes Out Of US Open In Second Round
Former world No. 1 Andy Murray has crashed out of the US Open at a ery early stage, losing in straight sets to Felix Auger-Aliassime in the second round, prompting the Briton to say winning another Grand Slam will be “extremely difficult”.
The 20-year-old Canadian played some top-level tennis in Arthur Ashe Stadium against Murray, who was playing his first Grand Slam singles tournament 20 months after undergoing a operation.
No. 10 seed Garbine Muguruza’s loss to Tsvetana Pironkova was the shocker of Day 4. Pironkova was playing in her first event since 2017 to give space for her son’s birth. She upset the double Grand Slam winner by 7-5, 6-3.
Six-time champion Serene Williams advanced to the third round by winning over Russia’s Margarita Gasparyan in straight sets. Score: 6-2 6-4.
Austrian powerhouse second seeded Dominic Thiem cruised past Sumit Nagal, the first Indian player to record a Grand Slam singles win in seven years, to reach third round. Score: 6-3, 6-3, 6-2.
Kroger Co. Q2 Profit Tops Estimates; Expects FY20 Adj. EPS Growth Of Approx. 45%-50%
The Kroger Co. (KR) reported second quarter adjusted earnings per share of $0.73 compared to $0.44, prior year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.55, for the quarter. Analysts’ estimates typically exclude special items.
Second quarter sales were $30.5 billion, compared to $28.2 billion, last year. Excluding fuel, sales rose 13.9%. Identical sales without fuel grew 14.6%. Digital sales grew 127%, for the quarter. Analysts expected revenue of $29.95 billion, for the quarter.
CFO Gary Millerchip said: “As a result of our strong performance in the first half, the expectation of sustained trends in food at home consumption and confidence in our ability to execute against the Restock Kroger strategy, we are updating our full year 2020 guidance. There are still many uncertainties and, as a result, we are providing a wider guidance range.”
For the full year 2020, The Kroger Co. expects total identical sales without fuel to exceed 13%. The company expects to achieve adjusted earnings per share growth of approximately 45% to 50% to a range of $3.20-$3.30.
Kroger Co. Q2 adjusted earnings Beat Estimates
Kroger Co. (KR) released earnings for its second quarter that rose from last year.
The company’s bottom line totaled $819 million, or $1.03 per share. This compares with $297 million, or $0.37 per share, in last year’s second quarter.
Excluding items, Kroger Co. reported adjusted earnings of $581 million or $0.73 per share for the period.
Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 8.2% to $30.49 billion from $28.17 billion last year.
Kroger Co. earnings at a glance:
-Earnings (Q2): $581 Mln. vs. $357 Mln. last year.
-EPS (Q2): $0.73 vs. $0.44 last year.
-Analysts Estimate: $0.55
-Revenue (Q2): $30.49 Bln vs. $28.17 Bln last year.
Russia’s Covid-19 Vaccine Shows Early Success: Report
Russia’s COVID-19 vaccine, Sputnik V, which was approved by the country last month, has shown positive antibody response with no serious adverse events in small human trials, according to preliminary results published in The Lancet journal on Friday.
The report based on two small trials, each involving 38 healthy adults aged between 18 and 60, were given a two-part immunization. The participants were monitored over 42 days and all developed antibodies within the first three weeks
The vaccine, similar to other adenovirus-vectored and mRNA COVID-19 vaccines before it, 2-4 induced broad immune responses. Although not specifically discussed, the results imply a T-helper1-cell-weighted response that might be important for vaccine safety, potentially reducing the risk of antibodydependent enhanced disease.
The vaccine also produced T cell response within 28 days, the researchers said.
“Large, long-term trials including a placebo comparison, and further monitoring are needed to establish the long-term safety and effectiveness of the vaccine for preventing COVID-19 infection The Lancet said.
U.S. health officials had criticized Russia granting regulatory approval to the vaccine before it underwent a wider phase 3 trials.