Summary
BioNTech is a Germany-based biotechnology company that focuses on developing cancer therapeutics, including individualized immunotherapy, as well as vaccines for infectious diseases, including COVID-19. The company s oncology pipeline contains several classes of drugs, including mRNA-based drugs to encode antigens, neoantigens, cytokines, and antibodies; cell therapies; bispecific antibodies; and small-molecule immunomodulators. BioNTech is partnered with several large pharmaceutical companies, including Roche, Eli Lilly, Pfizer, Sanofi, and Genmab. Comirnaty (COVID-19 vaccine) is its first commercialized product.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next levelTry it Free
Summary
MSC Industrial Direct is a value-added industrial distributor with a focus on metalworking and maintenance, repair, and operations products and services. The company offers 1.9 million products through a distribution network of almost 100 branches and 12 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2020, 95% of the firm’s $3.2 billion of sales was generated in the U.S.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next levelTry it Free
Summary
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor, with an expansive pipeline network that supplies more than 75% of China’s natural gas demand. It produces more than 1.4 billion barrels of oil equivalent of oil and gas annually and has more than 1.2 billion barrels of annual crude oil primary distillation capacity and roughly 21,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina’s revenue. State-owned China National Petroleum Corp is PetroChina’s controlling shareholder with a stake of more than 80%. The firm’s competitors in China are Sinopec and CNOOC.
Summary
Compass Minerals produces two primary products: salt and sulfate of potash, a specialty fertilizer. The company s main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and salt brine operations at the Great Salt Lake in Utah. Compass salt products are used for deicing and also by industrial and consumer end markets. The firm s fertilizer products are used by growers of high-value crops that are sensitive to standard potash.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next levelTry it Free
Market Outlook
Summary
Economic trends in China bear watching closely, and not just because the country appears to be a guiding light for other countries trying to emerge from the GDP-crushing grip of COVID-19. China is a $14 trillion economy and represents about 16% of the $86 trillion global economy. Thus, China is a critical contributor to overall global economic growth, even if it only grows 5%-6%. In fact, 6% growth in the Chinese economy today adds more to global output (by our reckoning, 20% of incremental GDP growth in a normal year) than the 10% growth achieved five years ago, when China was growing faster but was smaller. Of course, this is not a normal year. Even so, while the global economy is expected to contract 3% this year, China is still forecast to eke out a 1% gain. Over the long run, China is an important growth market, to which U.S. companies want access on fair terms. We think it is important that the U.S. secure greater protection for corporate intellectu