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Before The Opening Of Wall Street

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US stock futures traded slightly higher in early trading prior to the market opening, after closing lower the previous session.

US stock exchanges were closed on Thursday for the Thanksgiving holiday. The CEO of AstraZeneca plc (NYSE: LON: AZN ) announced the probability that the pharmaceutical company will conduct a new global test of its coronavirus vaccine, this after preliminary results of its trial showed an efficacy of 62 percentage points for a complete dosing regimen.

The Dow Jones Industrial Average futures rose 55 points to 29,883, while the Standard & Poor’s 500 Index rose 6.25 points to 3,633.50. Likewise, the Nasdaq 100 index futures advanced 41.75 points to 12,194.

The United States is the country with the highest number of cases of infections and deaths from coronavirus in the world, having a total number of infections that exceeds 12,883,840 and approximately 263,450 deaths. India has confirmed around 9,309,780 cases, while Brazil’s record exceeds 6,204,220 cases.

Oil prices were mixed as Brent crude futures rallied 0.7% to trade at $ 48.11 per barrel, while US WTI crude futures lost 0.9% to trade at 45 , $ 31 per barrel.

The Energy Information Administration stated that crude oil inventories in the United States posted a decline of 0.754 million barrels in the week ending November 20, compared to an increase of 0.768 million in the previous period.

In the European markets segment there was a mainly upward trend today. The Spanish Ibex index improved its price by 0.2%, the STOXX Europe 600 on the other hand, fell 0.1%, the CAC 40 of France advanced 0.3%, the DAX 30 of Germany experienced a rebound of 0.2% and London’s FTSE 100 posted a 0.7% drop.

The French economy presented an expansion of 18.7% quarterly during the third quarter compared to an unprecedented fall of 13.8% during the previous period, while industrial production prices increased 0.1% in the month of October. Import prices in Germany decreased by 3.9% annually in October.

On the other hand, Asian markets were mixed in today’s session. The Nikkei 225 in Japan was trading 0.4% to the upside, while the Shanghai composite index improved by 1.14%, the index Hang Seng in Hong Kong rose 0.28% and the BSE Sensex in India experienced a decline of 0.2%.

Australia’s S & P / ASX 200 lost 0.5%. The profits made by industrial companies in China saw an annual increase of 0.7% between the months of January to October.

Walt Disney Co (NYSE: NYSE: DIS ) declared plans to lay off 32,000 workers, more than the 28,000 it had announced in September.

Y-mAbs Therapeutics, Inc (NASDAQ: YMAB) announced that the Food and Drug Administration has approved its drug DANYELZA for the treatment of neuroblastoma.

Amazon.com, Inc. (NASDAQ: NASDAQ: AMZN ) confirmed its plan to provide more than $ 500 million in vacation pay to its front-line employees in the United States.
Finally, JinkoSolar Holding Co., Ltd (NYSE: JKS) agreed to sell its 50% stake in the Abu Dhabi power plant Sweihan.

36 Stocks In Motion During The Pre Opening

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SCWorx Corp. (NASDAQ: WORX) posted a 65.6% increase setting its share price at $ 2.07 each during the hours prior to the trading session after rising about 9% on Wednesday.

Apex Technology Acquisition Corporation (NASDAQ: APXT) rose 53.8% to $ 16.90 in pre-market trading. The company recently announced that it would acquire AvePoint, Microsoft’s largest cloud data management solutions provider (NASDAQ: MSFT ).

Shares of VG Acquisition Corp. (NASDAQ: VGAC) rose 28.3% to $ 12.70 in pre-market trading.

Shift Technologies, Inc. (NASDAQ: SFT) traded at $ 11.21, representing a 24.7% increase during pre-market after rising about 23% in trading on Wednesday. Earlier in the month, the company released its third-quarter results.

Shares of Tuniu Corporation (NASDAQ: TOUR) traded 23% higher at $ 4.34 pre-open after rising more than 24% in the previous session.

Genfit SA (NASDAQ: GNFT) posted a 20.2% gain to $ 5.90 before the market start.

Shares of RMG Acquisition Corp. (NYSE: RMG) rose 17.8% to $ 16.60 in the pre-market auction after rising more than 18% in Wednesday’s session.

Shares in Verastem, Inc. (NASDAQ: VSTM) traded at $ 1.99 pre-market, up 17.1% after gaining more than 7% during trading on Wednesday. At the beginning of the month, the company made a profit in the last quarter.

Shares of Professional Diversity Network, Inc. (NASDAQ: IPDN) were 15.8% higher, trading at $ 1.54 before the market-opening bell after rising 6% during Wednesday’s session.

Synlogic, Inc. (NASDAQ: SYBX) increased 14.3% to $ 2.80 during the pre-open. The company reported earlier in the month that it had started a phase 1 study for the drug SYNB8802 for the treatment of enteric hyperoxaluria.

Shares of AMCI Acquisition Corp. (NASDAQ: AMCI) rose 14.2% to $ 12 in pre-market trading.

Tuscan Holdings Corp. (NASDAQ: THCB) posted a 12.5% ​​improvement to $ 12.91 before the stock market start. During the first days of this month, the company announced its intention to merge with Microvast.

Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) traded 11.8% higher at $ 5.30 in the pre-market session after gaining 5% during Wednesday’s session.

Marin Software Incorporated (NASDAQ: MRIN) was up 11.7% to $ 2.39 in premarket trading after falling about 5% in trading on Wednesday.

Uxin Limited (NASDAQ: UXIN) advanced 10.4% to $ 1.81 in pre-market trading after gaining 17% on Wednesday.

IZEA Worldwide, Inc. (NASDAQ: IZEA), for its part, rose 10% to $ 0.99 during the pre-opening auction.

These stocks were up more than 12% on Wednesday in light of the Salesforce-Slack acquisition talks.

Shares of Landcadia Holdings II, Inc. (NASDAQ: LCA) traded 9.2% higher at $ 19.38 in the pre-market session after gaining 8% during Wednesday’s session.

Virgin Galactic Holdings, Inc. (NASDAQ: SPCE) traded at $ 29.38 pre-market, up 8.5% after gaining more than 8% during trading on Wednesday.

Ideanomics, Inc. (NASDAQ: IDEX) rose 8.1% to $ 2.93 during the pre-opening auction. The company recently raised its stake in electronic tractor firm Solectrac through a follow-up investment of $ 1.3 million.

Shares of Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC) rose 6.7% to trade at $ 12.30 in pre-market trading.

GigCapital3, Inc. (NYSE: GIK) presented a rise in price, positioning at $ 12 per share during the pre-open, indicating an improvement of 8.6%.

Marathon Patent Group, Inc. (NASDAQ: MARA) lost 19.5% to $ 4.12 in the pre-market session Two Point One, LLC recently disclosed an active 5.7% stake in Marathon Patent Group.

Bit Digital Inc (NASDAQ: BTBT) fell 17.1% to $ 6.03 in pre-market trading after rising more than 15% on Wednesday.

Riot Blockchain, Inc. (NASDAQ: RIOT) slipped 17% to trade at $ 5.88 in pre-market trading amid falling Bitcoin prices .

Yunji Inc. (NASDAQ: YJ) traded at $ 4.09 pre-market hours, down 17% after reporting third-quarter results.

Newborn Acquisition Corp. (NASDAQ: NBAC) was trading at a discount of 16.9% to settle at $ 18.51 before the opening bell after rising 86% in Wednesday’s session. Nuvve, which works with vehicle loads directly to the network, goes public through a merger with Newborn.

Second Sight Medical Products, Inc. (NASDAQ: EYES) fell 16.3% to settle at $ 0.9122 in pre-market trading after a 25% gain during trading on Wednesday.

Cocrystal Pharma, Inc. (NASDAQ: COCP) traded 12.9% lower to $ 1.49 before trading after rising more than 31% in Wednesday’s session.

Shares of ZK International Group Co., Ltd. (NASDAQ: ZKIN) were down 10.5% to $ 2.04 in the session prior to the stock market opening. This name had a 30% increase on Wednesday after xSigma, a subsidiary of the company, launched a blockchain protocol for decentralized finance.

Fuel Tech, Inc. (NASDAQ: FTEK) was down 9.1% to $ 4.91 in pre-market trading and after falling more than 10% on Wednesday.

Canaan Inc. (NASDAQ: CAN) was trading down 9% to $ 5.80 in pre-market trading. The company is expected to report the results obtained in the third quarter by November 30.

Acasti Pharma Inc. (NASDAQ: ACST) lost 6.7% to settle at $ 0.25 pre-market after taking a big gain of around 18% on Wednesday.

Northern Dynasty Minerals Ltd. (NYSE: NAK) posted a 6.6% decline settling at $ 0.3739 before market start.

The price of these shares fell 50% during the day on Wednesday after the United States Army Corps of Engineers informed Pebble Limited Partnership, owned by the company that its application for permits under the Water Law Clean and other federal statutes had been denied.

Kaixin Auto Holdings (NASDAQ: KXIN) traded at a 6.5% discount to settle at $ 7 in the pre-market session.

CIIG Merger Corp. (NASDAQ: CIIC) was down 5.6% to $ 24.50 in pre-market trading after falling more than 4% on Wednesday.

Shares of Slack Technologies, Inc. (NYSE: WORK) were down 5.2% to $ 38.57 before market start. These shares rose more than 37% on Wednesday after a report emerged stating that Salesforce (NYSE: CRM ) .com is in talks to acquire the company.

In Pharmamar Bears Exceed 1% Of The Capital

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Short positions in Pharmamar rise after the lack of arrival of phase three of Aplidin and in line with the declines in value

Bets against Pharmamar rise to 1.13% of capital, according to the records of the National Securities Market Commission ( CNMV ). The largest bearish position is for Great Point with 0.62% of the shares and that of Point72 Asset Management rises to 0.51%.

The shorts are on the rise if one takes into account that Great Point went from 0.53% in July to 0.62% today when estimating new falls due to the lack of arrival of phase three of Aplidin and the appearance of vaccines against the Covid-19 .

For the moment, the price agrees with the bears since the value loses 20% in the month and more than 25% in the last two weeks, what it has gained in the last two months.

Bass specialists in the sector.Both firms are from the United States and are specialized in aggressively short positions on pharmaceutical sector stocks , both in classical companies and in biopharmaceuticals.

Behind Point72 is billionaire Steve Cohen and his family where he also manages the bets of his own employees.

For its part, Great Point also manages public or private capital with management, strategy and advisory services.

Pharmamar’s poor stock market performance is not only reflected in its bearish positions, but also in the vision of analysts who cover the Spanish ‘biotech’.

Just three months ago, the market consensus consulted by Bloomberg gave its full support to José María Fernández Sousa’s company with a vast majority of “buy” recommendations.

Now, the percentage of recommendations to “buy” and “hold” are the same as 40% and those to “sell” add up to 20%.

The collection of profits by investors has caused the market consensus target price to now offer the value a 34% revaluation potential by setting it at 123 euros and trading at 92 euros.

Vaccines impact Pharmamar.The ads for Pfizer and Moderna , now joined by those for Astrazeneca and Oxford , were a severe blow to the company’s stocks .

The early arrival of this remedy against Covid-19 , rather than an antiviral, causes investors to discount a lower penetration of Aplidin in the market.

From the company they insist that they were counting on the arrival of the vaccine and do not believe that they have great potential because they will be able to continue treating those already infected .

In this way, they give an example of influenza as a virus that needs a large number of drugs each year despite vaccination campaigns.

The market awaits the Aplidin.Despite this, investors are still waiting for the final communication of delivery of protocols to the health authorities for the implementation of phase three of Aplicov , the study of the effects of Aplidin against the coronavirus.

Finance.com announced that the company was waiting to include in the statistics the data of the latest expansion of patients and that the protocols and strategy were practically closed.

The estimates of Pharmamar happen, as also advanced finances.com , to obtain the fast approval of the American FDA and the Spanish Agency of Medicines and Health Products ( AEMPS ). In addition, they contemplate entry into France and Italy .

Without great shocks for the price.The market now has little news about the company after knowing the results until September, which were the best in its history, earning 131 million euros, and confirming the stabilization of income and sales.

The Galician continues to announce license extensions for its oldest drug in the portfolio, Yondelis , and contemplates new markets for Zepzelca , in the hands of its partner in the United States Jazz Pharmaceutica l.

Furthermore, it is studying the application of both drugs against white tissue sarcomas and has detected a “promising” antitumor activity of Zepzcelca against the synovial subtype, indicating “high efficacy”, which will expand the cohort of patients .

If this study progresses, still in phase Ib-II, it could extend the agreement with Jazz to exceed the 1 billion revenue initially agreed for the Spanish company.

Sabadell Entrusts Goldman Sachs With The Search For A Buyer

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Sabadell entrusts Goldman Sachs with the search for a buyer for the British TSB

Spanish bank Sabadell (MC: SABE ) has given Goldman Sachs (NYSE: GS ) a mandate to sell TSB, its deficit UK business, two sources told Reuters on Friday with knowledge of the situation.

One of the sources said that the process was already underway and that the US investment bank, which had already been hired by Sabadell in July to explore various strategic options, is now in charge of the sale of TSB, acquired by the Spanish bank. in 2015.

The news comes after Sabadell and its rival BBVA (MC: BBVA ) announced on Friday that they were canceling their merger negotiations.

Sabadell said in its statement without going into detail that it will now analyze “strategic alternatives” for its international assets, including TSB.

Both Sabadell and Goldman Sachs declined to comment.

The first source did not provide further details or the planned divestment schedule for TSB.

A second source familiar with the situation said that, apart from a direct divestment, there were “more options” on the table, including a possible segregation of this business.

“Selling TSB will be complicated, as Sabadell could be perceived as a forced seller, and now Sabadell seems too small to compete in the retail sector with the main banks in Spain,” said Spanish investment firm Alantra after breaking up negotiations with the BBVA.

Like other Spanish banks, Sabadell ventured abroad to improve and diversify its income, but the TSB purchase was marred from the outset by the British bank’s significant technological problems.

Before entering formal merger negotiations with BBVA in November, Sabadell was working on an efficiency plan both in Spain, with the reduction of 1,800 jobs, and in TSB.

Sabadell expects TSB to reach profitability threshold in 2021 after losing 84 million euros in the third quarter.

How Government Tax Developments Affect Your Savings

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The most relevant news announced by the General State Budget Project in terms of investment and savings is its intention to raise the personal income tax (IRPF) by two points for work income of more than 300,000 euros and in three points for capital income of more than 200,000 euros.

In addition, it includes a reduction in deductions for private pension plans (going from a maximum of 8,000 euros to another of 2,000 euros per year) and an increase of one point of wealth tax, up to 3.5%, if they are exceeded the 10 million euros.

Unless parliamentary procedures are greatly accelerated, none of these measures will come into force in 2020 —to do so they should be approved before December 31—, explains Luis del Amo, technical secretary of the REAF of the General Council of Economists.

Although, for the moment, he adds, the announced fiscal changes are nothing more than a declaration of intent, yes “they can be understood as an invitation to make early decisions in the financial-fiscal field, which is not always correct.”

For Paula Satrústegui, wealth planning partner of Abante Asesores, the fiscal modifications included in the Budgets have been waiting for a long time – even more burdensome than those now presented – and affect a very small part of the savers and investors (income from work of more than 300,000 euros or more than 200,000 euros in capital).

In his opinion, there are no particularly relevant reasons to consider a patrimonial reorganization solely for tax criteria. Before making a decision of this type, “it is convenient to contextualize: what income will be obtained in 2020/2021, what liquidity needs will be covered, what price level is, for example, required in the real estate market; what goods can or cannot be donated to the children, and so on ”.

With these qualifications made, both experts agree that whoever repeatedly exceeds (not this year exceptionally) the 300,000 euros of earned income should, if it is in their power, advance to 2020 the collection of any possible bonus / bonus. You will save about 200 euros in taxes for every 10,000 euros of additional income.

Luis del Amo says that one does not always sell, for example, a house when you want, but “when you can.” In his opinion, for those who have in their hand to make high capital gains (more than 200,000 euros) it will be better to do so in 2020 than in 2021 (as long as the prices are the same).

For the consolation of those who cannot advance capital gains, Paula Satrústegui clarifies with numbers that the fiscal impact of the announced new taxation of savings is not excessive. He gives the example of the sale of a home with a capital gain of 300,000 euros in 2020 or 2021.

The difference in taxes between the two years is exactly 3,000 euros (1% of profits). This is so because in the Budgets the tax rates on savings are kept between 19% and 23% up to 200,000 euros (so in this example, 100,000 euros are taxed at 26%).

Both experts are clear that the contributions to pension plans that investors make this year will basically depend on their ability to save and the confidence and profitability provided by the plans they already have subscribed.

It is true, says Luis del Amo, that if possible it is advisable, for purely fiscal reasons, to speed up the contributions as much as possible. “A tax relief is achieved that can be almost 50% of what was contributed, which is not negligible,” he adds.

On whether it is more or less correct, in view of the announced changes, to rescue the plans in 2020 or 2021, for Paula Satrústegui this is not the question.

For two reasons: the first, because other variables such as the volume of income for one year or another must always be taken into account, the possibility or not of deducting the contributions made before 2006, the liquidity needs …

The second, because there are not many people with pension plans with more than 300,000 euros accumulated who could be affected by the increase in personal income tax.

If a person donates, for example, a property to a child, the first must pay income tax for the capital gains achieved (difference between the price of the donation and the purchase price).

No one will initially pay personal income tax if the same delivery is made but taking advantage of the succession agreements, by resorting to the so-called “capital gain”.

The “heir” will only be taxed on the capital gains that he actually obtains when he sells the property, although these will be calculated taking as the acquisition price the value established in the succession agreement (the higher the value, the less profit on the sale on which to pay taxes).

Although it is true that the Tax Agency and the General Directorate of Taxes do not share this opinion, it is also true that there is sufficient jurisprudence against this interpretation, especially of the Superior Court of Justice of Galicia.

The point is that the taxation of these operations called “inheritance advances” may change shortly. Not from the hand of the Budgets, but from the Draft Law on Prevention and Fight Against Tax Fraud, which has just started its parliamentary process.

It states that the acquirer of an asset, either through a contract or inheritance agreement, “will be subrogated at the value and acquisition date that said asset had in the deceased, provided that it is transmitted before the death of the latter”.

Or what is the same, that when you decide to sell it (if the person who gave it is still alive), you will pay capital gains (predictably higher) for the difference between the purchase price of the person who transferred the property to you (not as up to now, the in the succession agreement) and its sale price.

For The First Time Since March IBEX-35 Has Recoverd 8000 Points

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The IBEX 35 returned to its pre-pandemic levels on Tuesday after the escalation in recent weeks

Advances in Covid vaccines are driving the recovery of the IBEX 35 . The Spanish selective revalued 23% in November and even registered the highest rise in a decade two weeks ago. This Tuesday, the index recovered 8,000 points, a barrier that it had not exceeded since last March.

The IBEX closed the session with a rise of 2.03% to 8,143.20 points, consolidating its levels prior to the collapse of the markets due to the pandemic, in mid-March.

In the previous session, the IBEX was left behind after the announcement of the efficacy of the Astrazeneca vaccine . The prospects for an increase in the European stimulus package – Spain will be one of the biggest beneficiaries of the deal – ended up confirming the consolidation of the IBEX.

Among the values ​​that drove this consolidation , the performance of Telefónica stood out . The operator rose 8.80% to 3.58 euros per title thanks to a positive report by the Fitch agency.

A rebound after the punishment suffered this Monday, when it fell 4.15%, after the downgrading of its rating from S&P Global due to the impact of the coronavirus on its business. However, the agency changed its rating for the next two years towards a stable outlook.

“It stands out that in the period 2021-2022 the recovery of the Spanish company could generate stable and optimal levels, especially in the Spanish market,” IG Markets analysts point out in a comment.

Meliá continues its rally.The hotel company Meliá was another driving force behind the rise in IBEX, continuing the rally that started in the first session of the week. This Monday, the company’s prices rose by 5.89%, leading, together with IAG , the comeback in the tourism sector. A day later, their titles closed with an advance of 7.90% to 5.39 euros.

Stocks in the materials sector such as ArcelorMittal , which continues to rise due to the better prospects for steel, and Repsol , driven by its shift towards renewable projects, closed the largest increases in the IBEX with increases of 7.05% and 6.27% respectively .

Banks, for their part, also contributed to the boost in the index, with Santander , Sabadell and BBVA as the largest increases in the sector.

10,000 points at stake.Once the 8,000 point barrier has been exceeded, analysts already anticipate higher levels for the selective Spanish. “He has rebounded from life support, he looks good,” he pointed out from Scalping.es to Finanzas.com.

In this sense, the “first objective” after the rebound, set at 8,300 points, could take the index to 10,000 points, a level that has not been on the ground since last February.

100% Spanish Space Technology

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They were lucky last Tuesday, to say the least. Engineers from the Emxys company had worked hard on the Ultraviolet and Visible Atmospheric Sounder (UVAS) project led by the Rocasolano Institute of Chemistry-Physics, which was going to send components into space to obtain information on atmospheric processes.

Their aircraft were to travel on the same flight that left French Guiana with the Spanish satellite SeoSat-Ingenio and that disappeared eight minutes after takeoff., ruining a decade of research and 200 million.

“Due to calendar issues, there was no time and our material remained on the ground,” explains Francisco García de Quirós, co-founder of the company together with José Antonio Carrasco. “It was a disgrace,” continues the telecommunications engineer and doctorate in space engineering from the University of Glasgow.

“As there are so few projects in Spain … launching a satellite is something unique , almost unique, it has been a shame.”

García de Quirós met Carrasco, a physicist from the University of Valencia and a doctorate in electronic engineering, at the Miguel Hernández University in Elche, where they both share work as teachers. With a career in the private sector behind them, in 2005 they decided to launch a spin-offto develop your industrial and entrepreneurial vision.

They thought it was a good idea to gain a foothold in sectors that needed highly reliable and precise electronic systems. “We founded the company with 3,000 euros and we were winning projects on issues related to our area of ​​knowledge”, Francisco reviews.

In its first decade of life, Emxys managed to participate in three space missions as a subcontractor. “There came a time when, based on reinvesting the income, we had a great experience in space projects. We have never had losses ”.

Until in 2017 they decided to overturn the company’s orientation because the world was changing : from an exclusive environment of competition between countries, the aerospace world had turned to the so-called NewSpace giving way to an emerging private industry whose path was cleared by SpaceX, the Tesla founder’s company.

“It was a paradigm shift, a completely new approach that grew an industrial fabric around completely private satellite launches, something that was unthinkable years ago.”

They delved into the business model of small satellites, the cubesats, and focused on products, such as the development of a satellite platform with optical communications that did not depend so much on national investment plans. “But the [profit] margins in this industry are getting smaller and smaller. If we wanted to jump to this model we needed help ”.

They opened a financing round two years ago, and thanks to the training they received at Wayra (from Telefónica) and Javier Navarro, their financial partner through Vinca Capital, they learned to communicate their project without sounding like Chinese. A couple of weeks ago they received an injection of two million from the Mundi Ventures fund and the CDTI through Innvierte.

“The new approach is a suitable bet for a company of our size”, reflects the co-founder, who sees an opportunity beyond the crisis at the moment. “It is good for us to take this baton now, with a size that allows us to modulate our infrastructure and adapt it to the real market demand.”

With around 400,000 euros in turnover and eight employees, they know that it is not easy to make their way from a country that invests little in innovation. “Europe has gotten used to being behind countries like the United States or China.

Here the industry is very mature, with a high level of state protection that allows it to preserve its structures even at the cost of efficiency ”, compared to the dynamism of other markets.

Emxys hopes to show that there is water in the desert. “Our immediate future is difficult to establish. We want to get into an optical communications segment, which has no clear competitors in Spain. We want to become a global satellite integrator manufacturer.

The market is gigantic, and we will be able to occupy a fraction in the next four or five years ”. And also show that two entrepreneurs over 40 can open a promising path in space.

What If My Company Forces To Get Vaccinated Against Covid

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The preliminary results presented by the pharmaceutical companies Pfizer-BioNTech and Moderna on the effectiveness of their respective experimental vaccines against covid-19 have opened a hopeful horizon for the economic sectors most affected by the health crisis.

Bars, hotels and airlines, among other businesses , see the end of mobility restrictions and capacity limitations a little closer after many months of the pandemic.

A journey that happens, necessarily, because the clinical trials end successfully, the Spanish Medicines Agency (AEMPS) approves the antigens and there are enough doses to immunize a very relevant percentage of the population.

However, in this process towards the old normality prior to the coronavirus, the management of the companies may run into a stumbling block: the resistance of the workforce to be vaccinated . The scenario is not ruled out.

According to a survey published by EL PAÍS, one in three Spaniards is reluctant to inject antigens against Sars Cov-2, either because they prefer to wait for a certain time to pass (37%) or because they do not even consider doing so (13, 1%). In this context, the question of whether it is possible to impose immunization to preserve safety in the workplace is timely.

In the legislation, the only rule that explicitly refers to vaccination in the workplace is Royal Decree 664/1997, on the protection of workers against the risks related to exposure to biological agents.

In a brief mention, the decree establishes that when employees are exposed to a disease for which there are effective vaccines, “these must be made available to them.”

However, as Rosario Rodríguez, Garrigues associate lawyer, points out, “this regulation is strictly applied to a specific list of professions in the biosanitary sector, such as doctors, nurses and laboratory technicians, and always under the principle of voluntariness”.

In other words, the company has a duty to offer the treatment, but ultimately, it is the employee who decides whether to submit to it or not.

On the other hand, the Occupational Risk Prevention Law (LPRL) provides that companies, as ultimately responsible for ensuring the safety and hygiene of their employees at work, may schedule medical check-ups.

“These reviews will be mandatory when provided for by agreement, but will only serve to check the health status of the worker and, if necessary, terminate him,” says Félix Pinilla, coordinator of the UGT legal services.

It is obvious, therefore, that the current legal framework puts the right of the employee to decide on his body before the protection of the health of colleagues and clients. However, should this criterion be maintained in a pandemic context such as the current one?

The professor of Labor Law at the University of Valencia, Adrián Todolí, understands that yes, except in the “most extreme” cases where the covid represents a serious and imminent danger to the lives of third parties, as occurs in the residences of elderly or in health centers.

“Obviously, in these cases it would be legitimate to go a step beyond medical check-ups and demand vaccination,” says Todolí.

The jurist, however, clarifies that if there were a conflict (due to an employee’s refusal to inject himself) and this resulted in a disciplinary dismissal, the termination would probably end up being declared inadmissible “as there is no legal basis to justify the termination of the contract”.

Precisely, in order to compensate for the regulatory void, some specialists are betting on requesting forced vaccination before the courts in advance through the Organic Law of Special Public Health Measures, alleging reasons of urgency and necessity.

“If the judge accepts the petition, the worker has no choice but to inoculate himself to keep his job,” says Eduardo Gómez, a partner at Dentons. The lawyer points out, yes, that only businesses that have a strong health reason would have access to the judicial process. Or put another way, “simple economic or productive reasons cannot be alleged.”

Federico de Montalvo, president of the Bioethics Commission of Spain, adds that the voluntary regime on vaccinations also ceases to be applied if the Ministry of Health orders the administration of the drug to the whole of society or to certain workers based on the aforementioned public health law.

De Montalvo, an expert in constitutional law, is convinced that this would be the most appropriate way to tackle resistance in companies, since it would avoid “many legal and ethical dilemmas”.

An opinion shared by the labor worker Enrique Ceca, partner of the Ceca Magán law firm, who is committed to an immunization decree that allows companies to “proceed to the objective dismissal of those people who insist on disobeying due to supervening ineptitude.”

Both experts stress, however, that a coercive labor measure would be the last option and should be applied in a very restricted way, taking into account the rights at stake.

At the moment, the Government is not considering imposing the future inoculation against COVID either inside or outside the work centers because, according to the Minister of Health, Salvador Illa, this strategy has not yielded good results in other countries.

“We think that giving the citizens correct information and telling them the truth will be enough to achieve high vaccination rates,” he said this week in the Senate. Many companies keep their fingers crossed that this is the case.

How Are Online Betting Odds Calculated?

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When people start placing bets, they want to know how betting odds are calculated. It is important to understand it because it will let you know how likely an outcome is. It also helps you understand what your winnings will be. However, it can be confusing if you don’t know how odds are calculated.

You can start to understand betting online odds by understanding what the numbers mean. For instance, if the odds are three to one, the bookie puts up three shares for every one share you wager. This is the basis for how the odds are calculated.

Understanding Probability

Probability is basically the likelihood of an outcome occurring. For any event, there are a certain number of possible outcomes. For example, if you roll a dice, there are six possible outcomes. This means that the probability of rolling a six is one in six. If you bet that a six will occur, there is a 16.67% chance that it will come out your way because 1 in 6 is 16.67%. In the UK, most bookies will say it as a fraction, such as ⅙.

You can calculate probability by taking the fractional odds and coming up with a percentage. You can use a formula where you replace the numbers with variables. The formula is Probability = B/(A+B). For example, take a look at the following:

●      4 / 1 can be calculated as 1 / (4 + 1) = 0.20 (20%)

●      1 / 1 can be calculated as 1 / (1 + 1) = 0.50 (50%)

You can use this formula to calculate the probability of any bets you want to make. You can then take the probability and calculate how much money you can win.

How to Use Betting Odds to Calculate How Much You Can Win

Once you know how to calculate the betting odds, you can use this information to figure out how much money you can win. Take a look at the two examples from above:

●      4 / 1: you will substitute pounds in, so for every one pound you bet, you will win 4.

●      1 / 1: you can do the same. For every one pound you bet, you will win one.

Calculate Your Winnings If They Show Decimals

Many exchanges commonly use decimals to show you the betting odds. It is easy to figure out what you can win, as long as you understand this formula. You want to do the following: your winnings = (odds * stake) – stake, where your stake is the amount you wager. Take a look at the following:

●      9.0 is calculated as (9.0 * 10 pounds) – 10 pounds = 80 pounds. You will win 80 pounds if you wager 10 pounds.

●      4.0 would be (4.0 * 10 pounds) – 10 pounds = 30 pounds, so you would win 30 pounds on a 10 pound wager.

The Difference Between Decimal Odds and Fractional Odds

The trend is moving toward decimal odds, but there isn’t much difference between them. Fractional odds have been used for a long time, but decimal odds are easier for people to understand. As a result, bookies are starting to use them more. However, as long as you know the formula, you can determine your winnings. When you look at them, you can easily predict what you might win. One of the major differences is that decimal odds include your returned stake, whereas fractional odds only include your winnings. For example, look at the following:

●      10 pounds: fractional: 4 / 1 = 40 pounds

●      10 pounds: decimal:  4.0 = (4.0 * 10) – 10 = 30 pounds

The primary difference is that when you calculate your winnings, the fractional bet shows you the amount you win including your original bet.

Final Words

Understanding how to calculate betting odds will help you know what you can win when you are placing a bet. This information makes betting more fun and more predictable. People want to understand betting so that they can bring a bit of predictability to the process. Once you understand how to calculate your odds of winning, you can enjoy betting.

eToro Defends Maximum Regulation For Crypto Assets

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The investment platform considers that the measures of regulators and supervisors put the value of the quality, safety and potential of crypto assets, as well as the protection of investors
etoro

eToro describes as positive and necessary the new measures adopted by global regulators and supervisors, in addition to those that are yet to come as Mica in Europe . The investment platform understands that this legislation protects the investor while crypto assets raise their visibility to the level of the rest of listed assets.

Such is the case as the new regulations of the British supervisor, the FCA , which ensures that excessive leverage is avoided and not allowed in assets that involve high volatility, such as bitcoin.

“EToro does not allow excessive leverage, so it was already seeking investor protection. Brokers have to avoid this type of option, ”said eToro spokesperson for Spain , Javier Molina .

With its 2018 guideline, the Spanish National Securities Market Commission ( CNMV ) seeks the fiscal security of operations and constant warning to the user of the complexity of certain financial products.

“All operators must comply with these types of obligations beyond taxation. But what is dangerous is not the product itself, but the users who operate with the product without the necessary knowledge ”, adds Molina.

eToro describes as positive and necessary the new measures adopted by global regulators and supervisors, in addition to those that are yet to come as Mica in Europe . The investment platform understands that this legislation protects the investor while crypto assets raise their visibility to the level of the rest of listed assets.

A definitive step towards maximum regulation, they point out from eToro, is the future European regulation, Mica. The purpose of Mica is the creation of a common European framework to prevent abuse in the operation of this asset class.

New thematic portfolio . eToro launches a new thematic wallet for the “new normal”.

Its name is RemoteWork CopyPortfolio and it is focused on companies that are at the center of the telecommuting boom

It is made up of 25 securities among which are known as Apple, Alphabet or Zoom and others focused on the business market that offer services that are vital for companies to cover teleworking.

Dani Brinker, head of investment portfolios at eToro pointed out that the advantages are “numerous” as these companies “will experience a permanent increase in the demand for their services, which in most cases should translate into higher profits.”

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