A promising Coronavirus vaccine candidate cleared a key hurdle this week, when Moderna Therapeutics entered phase two of clinical trials. The move signals that the company’s mRNA vaccine has passed its initial safety checks and has met an important milestone in bringing this drug closer to the public and commercial markets.
After almost five months of global deaths and economic shutdowns wrought by the COVID-19 pandemic, people are anxiously awaiting a glimmer of hope for a return to normal routines. This partly explains the recent frenzy over results from Moderna and its frontrunner candidate, which moved from the company’s lab in Cambridge, Massachusetts, to human trials in a record-setting 63 days. Click to read more.
India has been a dud of a market. That’s going to change. Where they are lifting lockdowns, sentiment will improve. India is next in line.
Home to the largest “stop the world” moment in history, India’s stock market has rallied ever since the government initiated phase one reopening plans. The MSCI India (INDA) is still down 10.8% in the last three months, while the benchmark MSCI Emerging Markets (EEM) is down 2.8%. Both are climbing. India will catch up.
Pre-pandemic, India’s economy was doing okay. Its stocks were expensive, so the market looked boring despite it being relatively drama-free in comparison to China, Russia and Brazil.
The government announced a series of corporate tax cuts to boost the economy and spur job growth last year. They also announced a flat tax of 15% to new manufacturing in an effort to attract companies from China.
Anticipated economic improvements from those cuts were never allowed to materialize because not too long after, the world learned about the new SARS coronavirus in China.
Since the arrival of Covid-19 in India, the central bank (RBI) has been active in its efforts to support the economy just like central banks globally. Click to read more.
VIKASA Capital Office Manager, Lindsey Flowers is recognized for participating in the Oklahoma Arts Council’s leadership arts program in 2020. The training and community engagement opportunity equips 30 individuals from across Oklahoma to become leaders and advocates for the arts in their communities. Selected participants learn about the arts in economic development, education and quality of life.
Currently, Lindsey serves on the board of directors of the “Woody Guthrie Coalition”, a non-profit organization which produces the annual Woody Guthrie Folk Festival in Woody’s home town of Okemah, Oklahoma. Woody Guthrie is a globally recognized icon of folk music, perhaps most well-known for inspiring the likes of Bob Dylan, Pete Seeger and an entire generation of new and upcoming folk artists. The coalition is dedicated to preserving and promoting the legacy and music of Woody Guthrie through the festival as well as year-round cultural, musical, educational and scholarly community outreach events that relate to Woody Guthrie and Folk Music. Through her Leadership Arts training, Lindsey plans to bolster the festival’s outreach opportunities by expanding a songwriting program for children in public schools.
The Arts have always been a cornerstone of VIKASA Capital’s CSR efforts, and we are thrilled to support the Oklahoma Arts Council and the Leadership Arts program.