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On June 12th, JD.coms first mall in Shanghai, the JD Mall Qibao store, opened in the Qibao commercial district of Minhang District. The store, with a floor area of nearly 50,000 square meters, features 200 leading global brands, over 200,000 JD.com self-operated products, and also introduces the worlds first offline experience store for the AI-powered robotics company, JAVA. By the end of this years JD.com 618 shopping festival, JD.com Mall will have a total of 30 operating stores nationwide. JD.com Malls first store in Hong Kong will also officially open soon.The Hang Seng Tech Index rose more than 2%, with sectors such as semiconductors, storage, optical communications, brain-computer interfaces, and commercial aerospace leading the gains.U.S. officials said the U.S. military shot down two Iranian one-way attack drones.June 12th - Since October 2025, the number of telecom fraud cases in my country has declined year-on-year for eight consecutive months. In terms of fraud methods, the ten most common types of fraud are: fake online shopping scams (such as fake order rebates), fake online shopping services, fake online investment and wealth management, impersonating e-commerce and logistics customer service, loan and credit fraud, fake online game transactions, online dating scams, impersonating law enforcement officials, impersonating leaders or acquaintances, and flight refund/change scams. These ten types of cases account for 85% of all telecom fraud cases. Among them, fake online shopping scams have the highest incidence, accounting for 25% of all telecom fraud cases; fake online investment and wealth management scams result in the highest losses, accounting for approximately 40% of all telecom fraud losses, with most cases involving losses of millions or tens of millions of yuan falling into this category.On June 12th, the "Guangzhou Municipal Commerce Development 15th Five-Year Plan (Draft for Public Comment)" was released for public comment. The plan states that by 2030, the annual transaction volume of the citys specialized markets will exceed 2 trillion yuan, achieving a leapfrog development compared to the base year, consolidating its position as a core carrier of the international trade center. By 2030, 30 public service platforms serving the specialized markets will be established; the employment-generating effect will continue to expand, covering multiple fields such as commercial services, innovation and entrepreneurship, cultural tourism consumption, and logistics support, directly and indirectly creating 2.2 million jobs.

Novavax Reduces Its Full-year Revenue Forecast Due to Sluggish Demand

Haiden Holmes

Nov 09, 2022 15:55

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Novavax (NASDAQ:NVAX) decreased its full-year revenue guidance for the second time in three months on Tuesday as a result of a global supply glut in COVID-19 vaccine and declining demand.


The company now expects its annual revenues to fall within the lower half of its earlier forecast range of $2 billion to $2.3 billion.


Novavax reduced its revenue forecast for the year in August, since the business did not expect to sell any additional COVID-19 vaccine in the United States this year.


Filip Dubovsky, the chief medical officer of Novavax, stated on a conference call with investors that the company is "moving forward" with the development of a vaccine against Omicron sub variants BQ.1 and BQ.1.1, which would also be formulated as a bivalent vaccination with another coronavirus strain.


Dubovsky noted that Novavax intends to get the vaccine ready by the second quarter of 2019 in time for an expected surge in cases in the southern hemisphere.


Novavax stated Tuesday morning that its COVID-19 vaccine has been modified for the Omicron BA.


In advanced study, one variant generated a substantial immune response at the fourth dose, meeting the strain swift's main purpose.


The shares of the Maryland-based firm surged by nearly 1 percent in afternoon trading after the company reported third-quarter revenues that were above analyst projections.


Last week, Pfizer Inc. (NYSE:PFE) increased its annual COVID vaccination sales projection. After the government ceases buying doses and sales move to the private sector, the company intends to almost double the price of the vaccine injection in the United States in order to combat declining sales.


Even though more than 640 million COVID-19 doses have been distributed in the United States, just 43,540 Novavax vaccines have been delivered as of November 2, according to the most current government figures.


In October, the U.S. Food and Drug Administration authorized the COVID-19 vaccine as a booster for adults, in addition to its existing clearance as a primary two-shot regimen for those 12 and older.

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