E Cross The Aisle

The removal of limits on new licenses for low-carbon vehicles is a generalized Chinese program, not just for NIO, despite what Mr. Bhandaru writes. China is still hugely dependent on filthy coal for its energy needs and wants to clean up its air, not for political reasons as much as for population health.

The writer then says electric vehicle sales in China halved between June 2019 and 2020 and subsidies were increased. NIO sales rose substantially without new money from Beijing and only Hebei help. Meanwhile, Tesla fell.


*UK Glaxo is up thanks to a new drug to block malaria in children aged 6 mos to 12 by GSK & MMV.

*Teva TEVA is up nearly 1% despite it being Friday, a mark of conviction by the US.

*BiolineRX, which I added to this week, is up 5.6% today but still 26.4% down from its YTD high. BLRX is also Israeli.

*Chinese drug company Beigene BGNE, which also has received help from the local government where it operates in China (in this case Beijing) was given an outperform rating today by SVBLeerink and a target price of up to $327, 18% up. SVB, formerly Silicon Valley Bank, may not know that 18 is a Jewish luck number.

*Gilead's (GILD) Remdesivir (Veklury) which the US thinks helps corona-virus patients avoid having to go on a respirator and lets them leave the hospital a day sooner, was given FDA emergency approval today in combo with baricitinib, a drug for rheumatoid arthritis, for seriously ill patierns. However, the WHO says remdesivir is not helpful.

*Astra-Zeneca rose because its non-small cell lung and bladder cancer and drug won FDA approval to treat stage III patients with a monthly dose after chemo-radiation at higher doses for those weighing more than 30 kilograms, about 66 pounds. A higher dose less often is more convenient for patients and keeps them away from corona-virus-filled hospitals. AZN is up 1.8%.

*Number one by a hair is Zymeworks, ZYME from Martin Ferera in Canada, up 12.81%, subject to change as the day goes on. Read on.

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Vivian Lewis 2 months ago Author's comment

what is an echo show?