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Quotient Granted EUA From FDA For Its COVID-19 Antibody Test – Quick Facts

Cal-Maine Foods Posts Narrower Loss In Q1 – Quick Facts

Cal-Maine Foods, Inc. (CALM) reported a first quarter net loss per share of $0.40, compared to a loss of $0.94 per share, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.53, for the quarter. Analysts’ estimates typically exclude special items.

First quarter net sales were $292.8 million, a 21.4 percent increase from a year ago. Analysts expected revenue of $284.08 million, for the quarter. Total dozens sold were up 3.8 percent from last year, primarily due to continued strong retail demand.

What Economies Can Learn From Sweden’s Lockdown Lite

While other economies have shut down and then reopened, Sweden has kept its restrictions largely intact since mid-March, offering a glimpse of what that might look like for other economies who are battling new outbreaks of the coronavirus. In this regime, production remains well below its pre-pandemic level for most of the services sector and for Sweden as a whole, with services output as well as total GDP was about 5% lower in July compared with before the virus struck: Taking into account industrial structure,Bloomberg Economics’ direct read across by sector suggests output might settle 3-6% below normal elsewhere in Europe. Even so, achieving a Sweden-style recovery may also require a Nordic adherence to the spirit of the rules.

Gold Eases Ahead Of Trump-Biden Debate

Gold prices eased on Monday as investors shifted focus to upcoming data and the first presidential election debate between U.S. President Donald Trump and his Democratic rival Joe Biden for directional cues.

Spot gold eased 0.2 percent to $1,859.03 per ounce, while U.S. gold futures were down 0.3 percent at $1,861.40.

The dollar index was slightly off a two-month peak hit last week as strong industrial profits data from China helped offset rising tensions between Beijing and Washington.

Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, official data showed on Sunday.

The Labor Department’s monthly jobs report is likely to be in the spotlight this week, although reports on consumer confidence, pending home sales, personal income and spending and manufacturing activity may also attract attention.

Traders also await the first U.S. presidential debate set for Tuesday, which could prove crucial in determining November’s election. Many remain worried that a close vote might mean the result is delayed or even challenged by the loser.

On the stimulus front, U.S. House Speaker Nancy Pelosi has expressed optimism Sunday that she hopes to find common ground for agreement with Treasury Secretary Stephen Mnuchin.

RBI reschedules MPC meeting, new dates to be announced shortly

The interest-setting panel was scheduled to meet for three-days beginning Tuesday for RBI’s bi-monthly monetary policy review

The Reserve Bank of India (RBI) on Monday decided to rescheduled this week’s meeting of the Monetary Policy Committee (MPC) and said that the new dates will be announced shortly.

The central bank, however, did not give any reason for rescheduling the meet.

The interest-setting panel was scheduled to meet for three-days beginning Tuesday for RBI’s bi-monthly monetary policy review.

The meeting of the MPC during September 29, 30 and October 1, 2020 as announced is being rescheduled. The dates of the MPC’s meeting will be announced shortly, the RBI said in a press release.

RBI is awaiting the government’s decision on new external members to the committee.

As per the RBI Act, external members of MPC have a tenure of four years. The MPC came into existence in October 2016.

At least 300 house parties raided by police over the weekend

At least 300 house parties had to be broken up by police in Scotland over the weekend.

Fourteen people were arrested and at least 101 Fixed Penalty Notices were issued between Friday and Sunday morning.

Officers had to force their way in to the homes on three occasions.

The parties were being held ‘across the country in every community and age group’, Police Scotland said.

This is a breaking news story – more to follow

Saudi Vehicle Imports Fell to Record Low After VAT Hike

Saudi Arabia’s vehicle imports plummeted in July to the lowest level since 2015 — the earliest data available — after the government tripled its value-added tax. Imports of vehicles, aircraft, vessels and associated transport equipment fell 64% year-on-year to 3.9 billion riyals ($1 billion), and by over a quarter from the previous month. That helped drag down overall imports by more than 30% annually after they appeared to recover in June. Officials and analysts attributed a June spike in consumer spending to pent-up demand after the government lifted its coronavirus lockdown — and to Saudis rushing to beat the hike in VAT to 15%.

Quotient Granted EUA From FDA For Its COVID-19 Antibody Test – Quick Facts

Diagnostics company Quotient Ltd. (QTNT) announced Monday that the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) on Friday for its COVID-19 antibody test. Before granting the EUA, the FDA reviewed not only its COVID-19 antibody test but also the MosaiQ Instrument and related software.

The test detects antibodies generated in humans in response to the SARS-CoV-2 virus using Quotient’s proprietary MosaiQ blood testing microarray technology.

The antibody test was CE marked on May 1, 2020 and is now available in Europe and the US. A single MosaiQ testing instrument can process up to 3,000 antibody tests per day.

As previously announced, Eysins, Switzerland-based Quotient has entered into contracts to supply its COVID-19 antibody tests to customers in the U.S. One of those customers, Bloodworks Northwest, is seeking to source convalescent blood plasma taken from donors whose blood contains SARS-CoV-2 virus antibodies, for use in treating COVID-19 patients.