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2021-06-15

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Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>

2021-04-27

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Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>

2021-04-20

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It’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote>

2021-04-19

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2021-04-18

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2021-04-17

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2021-04-16

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2021-04-15

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2021-04-14

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2021-04-13

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Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote>

2021-04-13

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2021-04-13

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2021-04-12

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2021-04-11

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2021-04-09

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2021-04-07

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2021-04-06

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2021-04-05

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2021-04-03

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U.S. added 916,000 jobs in March, above expectations<blockquote>美国3月新增就业91.6万个，高于预期</blockquote>

2021-04-03

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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623750756,"share":"https://www.laohu8.com/m/news/1167457915?lang=zh_CN&edition=full","pubTime":"2021-06-15 17:52","market":"us","language":"en","title":"Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167457915","media":"Benzinga","summary":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announ","content":"<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的疗效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 B 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-06-15 17:52</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的疗效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 B 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","NVAX":"诺瓦瓦克斯医药","PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167457915","content_text":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.\nHere's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namelyPfizer Inc.PFE 0.05%-BioNTech SEBNTXandModerna, Inc.MRNA, both of which have authorized vaccines in the market.\nVaccine Type: Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.\nThe Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.\nThis spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.\nNovavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.\nThe Vaccine Doses: The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.\nThe interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.\nThe Target Population: The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.\nModerna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.\nSince then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.\nBothcompanieshave also initiated studies in the pediatric population.\nNovavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.\nVaccine Logistics: Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.\nPreviously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.\nNVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.\nVaccine Efficacy: Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.\nThe vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.\nModerna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.\nNovavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.\nAgainst variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.\nOverall efficacy was 90.4%, meeting the primary endpoint.\nCantor Fitzgerald On Novavax's Vaccine:A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.\n\"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.\nShowing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.\nThis profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.\nVaccine Safety Data:Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.\nFor Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.\nPreliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.\nIn assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.","news_type":1,"symbols_score_info":{"NVAX":0.9,"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":2200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":377878874,"gmtCreate":1619519115398,"gmtModify":1634212112773,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377878874","repostId":"1155157199","repostType":4,"repost":{"id":"1155157199","kind":"news","pubTimestamp":1619494851,"share":"https://www.laohu8.com/m/news/1155157199?lang=zh_CN&edition=full","pubTime":"2021-04-27 11:40","market":"us","language":"en","title":"Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155157199","media":"Barrons","summary":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo","content":"<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.<blockquote>微软市值接近2万亿美元。收益将于周二公布。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-27 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p><blockquote>华尔街预计微软将在周二收盘后公布三月份季度数据时公布强劲的财务业绩。</blockquote></p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p><blockquote>分析师普遍预测营收为410亿美元，同比增长17%，每股利润为1.78美元。周一，微软股价创下262.44美元的盘中纪录，距离首次触及2万亿美元估值仅小幅上涨。要实现这一目标，该股需要上涨至264.55美元。</blockquote></p><p>The shares have gained 18% year to date.</p><p><blockquote>今年迄今为止，该股已上涨18%。</blockquote></p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p><blockquote>分析师预计该公司的Azure和Office 365云业务将迎来另一个强劲的季度，并将寻找其企业运营加速增长的迹象。鉴于近期PC购买量大幅增长，Surface硬件（笔记本电脑和白板）的销售可能在本季度强劲，尽管组件短缺可能导致需求未得到满足。个人电脑市场的强劲也预示着Windows操作系统的销售。</blockquote></p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p><blockquote>微软将其业绩分为三个部分：生产力和业务流程，其中包括Office 365、Dynamics和LinkedIn；智能云，包括Azure和企业服务器软件；以及更多的个人计算，包括Windows、Xbox、Surface硬件和Bing。</blockquote></p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p><blockquote>当微软在1月底公布第二财季业绩时，首席财务官Amy Hood提供了每个部门的收入指引。对于生产力和业务流程，她预计收入为133.5亿至136亿美元。智能云的看涨期权是收入为147亿至149.5亿美元，而她预测更多个人计算的收入为123亿至127亿美元。如果每个部门的收入都处于预测范围的顶部，那么总收入将达到412.5亿美元。</blockquote></p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p><blockquote>在研究报告中，几位分析师引用了客户和经销商的积极评论来预测强劲的业绩。</blockquote></p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p><blockquote>上周，KeyBanc Capital的Michael Turits重申了对该股的跑赢大盘评级，同时将目标价从280美元上调至295美元。他表示，该公司可能会受益于强劲的IT需求和个人电脑出货量的持续强劲。</blockquote></p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p><blockquote>他写道：“我们继续看到微软不断扩大的Azure范围、广泛的企业应用程序创新和积极的捆绑在市场上取得了成功。”“我们采访的几乎所有北美微软分销商/经销商都报告微软渠道收入达到或高于计划。”</blockquote></p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p><blockquote>摩根大通分析师Mark Murphy对微软产品经销商进行了新的调查，对前景感到鼓舞。他表示，在企业需求改善的推动下，这些公司的微软商品季度销售额平均比预期高出3.3%。他报告了公司企业产品线的实力，包括Azure、Teams、Office 365和安全产品等领域的增长。Murphy对微软的评级为跑赢大盘，目标股价为245美元。</blockquote></p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p><blockquote>Wedbush分析师丹·艾夫斯(Dan Ives)预测，在Azure至少增长45%的推动下，这将是“又一个杰作季度”，他认为Azure正在从亚马逊网络服务(Amazon Web Services)手中夺取市场份额。他表示，当前的在家工作环境正在鼓励更多企业采取战略举措，转向基于云的运营，“微软全面展开，Azure增长依然强劲”。他维持跑赢大盘评级，目标股价为300美元。</blockquote></p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p><p><blockquote>花旗分析师泰勒·拉德克(Tyler Radke)上周重申了对微软股票的买入评级，将目标价从292美元上调至302美元，并在业绩公布前对该股设定了“积极催化剂观察”。他写道，对经销商的调查和渠道检查的结合使他更有信心，微软可以推动所有三个主要业务部门的收入，消费者和企业对个人电脑的需求强劲，服务器软件的强劲升级活动，以及由于“企业消费持续强劲增长”，Azure持续走强。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155157199","content_text":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.The shares have gained 18% year to date.Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system. Microsoft breaks down its results into three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.Wedbush analyst Dan Ives forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.Citi analyst Tyler Radke last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":371145504,"gmtCreate":1618923936508,"gmtModify":1634289884846,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371145504","repostId":"1183974181","repostType":4,"repost":{"id":"1183974181","kind":"news","pubTimestamp":1618923331,"share":"https://www.laohu8.com/m/news/1183974181?lang=zh_CN&edition=full","pubTime":"2021-04-20 20:55","market":"fut","language":"en","title":"It’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183974181","media":"Barrons","summary":"Dreamstime\nDoge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO an","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/918e4e9df0517f6827d07217a0ef49f9\" tg-width=\"620\" tg-height=\"413\"><span>Dreamstime</span></p><p><blockquote><p class=\"t-img-caption\"><span>梦想时间</span></p></blockquote></p><p> Doge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.</p><p><blockquote>总督日到了，这是自Coinbase IPO和比特币涨至60,000美元以来加密货币领域发生的最大事件。</blockquote></p><p> Mainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.</p><p><blockquote>主流投资者如果没有听说过总督日，也是情有可原的。它是由狗狗币爱好者创建的，因为日内交易者试图将这种加密货币的价格（交易价格约为39美分）推高至1美元。</blockquote></p><p> Dogecoin was created as a joke, but&nbsp;the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from&nbsp;Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.</p><p><blockquote>Dogecoin是作为一个笑话创建的，但收益是非常真实的。在比特币和其他加密货币崛起以及特斯拉首席执行官Elon Musk定期向其5000多万粉丝发布推文的刺激下，狗狗币今年已从一枚硬币的几分之一升至超过40美分。</blockquote></p><p> That puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the&nbsp;GameStop&nbsp;of crypto markets.</p><p><blockquote>这使得所有狗狗币的市值约为500亿美元。这仍然是比特币1万亿美元市值的一小部分。这有点像加密货币市场的游戏驿站。</blockquote></p><p> Doge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.</p><p><blockquote>Doge Day开局不利，Dogecoin在周二早盘交易中下跌约3%。这是有道理的，如果说在加密货币市场有什么意义的话。金融资产价格总是在对实际事件的预期中波动，交易者通常会根据消息卖出。</blockquote></p><p> Maybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.</p><p><blockquote>也许狗狗币最终可以触及1美元，但交易者可能无法通过宣布狗狗日来实现这一目标。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-20 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/918e4e9df0517f6827d07217a0ef49f9\" tg-width=\"620\" tg-height=\"413\"><span>Dreamstime</span></p><p><blockquote><p class=\"t-img-caption\"><span>梦想时间</span></p></blockquote></p><p> Doge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.</p><p><blockquote>总督日到了，这是自Coinbase IPO和比特币涨至60,000美元以来加密货币领域发生的最大事件。</blockquote></p><p> Mainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.</p><p><blockquote>主流投资者如果没有听说过总督日，也是情有可原的。它是由狗狗币爱好者创建的，因为日内交易者试图将这种加密货币的价格（交易价格约为39美分）推高至1美元。</blockquote></p><p> Dogecoin was created as a joke, but&nbsp;the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from&nbsp;Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.</p><p><blockquote>Dogecoin是作为一个笑话创建的，但收益是非常真实的。在比特币和其他加密货币崛起以及特斯拉首席执行官Elon Musk定期向其5000多万粉丝发布推文的刺激下，狗狗币今年已从一枚硬币的几分之一升至超过40美分。</blockquote></p><p> That puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the&nbsp;GameStop&nbsp;of crypto markets.</p><p><blockquote>这使得所有狗狗币的市值约为500亿美元。这仍然是比特币1万亿美元市值的一小部分。这有点像加密货币市场的游戏驿站。</blockquote></p><p> Doge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.</p><p><blockquote>Doge Day开局不利，Dogecoin在周二早盘交易中下跌约3%。这是有道理的，如果说在加密货币市场有什么意义的话。金融资产价格总是在对实际事件的预期中波动，交易者通常会根据消息卖出。</blockquote></p><p> Maybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.</p><p><blockquote>也许狗狗币最终可以触及1美元，但交易者可能无法通过宣布狗狗日来实现这一目标。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/its-doge-day-what-that-means-for-dogecoin-and-other-cryptocurrencies-51618920970?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/its-doge-day-what-that-means-for-dogecoin-and-other-cryptocurrencies-51618920970?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183974181","content_text":"Dreamstime\nDoge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.\nMainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.\nDogecoin was created as a joke, but the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.\nThat puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the GameStop of crypto markets.\nDoge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.\nMaybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"GBTC":0.9,"BTCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":373048614,"gmtCreate":1618806162838,"gmtModify":1634290787302,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373048614","repostId":"2127836833","repostType":2,"isVote":1,"tweetType":1,"viewCount":2188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":379177245,"gmtCreate":1618711453487,"gmtModify":1634291332390,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379177245","repostId":"1179330583","repostType":4,"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":379951743,"gmtCreate":1618660393882,"gmtModify":1634291504376,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379951743","repostId":"1179330583","repostType":4,"isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":370187907,"gmtCreate":1618562952609,"gmtModify":1634292061062,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370187907","repostId":"1116143292","repostType":4,"isVote":1,"tweetType":1,"viewCount":2095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":347681953,"gmtCreate":1618493402272,"gmtModify":1634292575045,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347681953","repostId":"1133011537","repostType":4,"isVote":1,"tweetType":1,"viewCount":3435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":344146716,"gmtCreate":1618390931235,"gmtModify":1634293280888,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/344146716","repostId":"2127454000","repostType":4,"isVote":1,"tweetType":1,"viewCount":2305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":345809851,"gmtCreate":1618294386173,"gmtModify":1634293890836,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"356120897132410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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345809851","repostId":"1190290079","repostType":4,"repost":{"id":"1190290079","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618294235,"share":"https://www.laohu8.com/m/news/1190290079?lang=zh_CN&edition=full","pubTime":"2021-04-13 14:10","market":"us","language":"en","title":"Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190290079","media":"Benzinga","summary":"Which is the better choice — buying regular shares of Tesla Inc (NASDAQ:TSLA) and other companies or","content":"<p>Which is the&nbsp;better choice — buying regular shares of&nbsp;<b>Tesla Inc</b>&nbsp;(NASDAQ:TSLA) and other companies or buying the securities in a token format?</p><p><blockquote>哪个是更好的选择-购买的普通股<b>特斯拉公司</b>（纳斯达克：TSLA）和其他公司还是以代币形式购买证券？</blockquote></p><p> <b>About Tokenized Shares:</b>Shares of several companies such as the Elon Musk-led automaker Tesla,&nbsp;<b>GameStop Corp</b>&nbsp;(NYSE:GME), and&nbsp;<b>Amazon.com, Inc</b>&nbsp;(NASDAQ:AMZN)&nbsp;are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.</p><p><blockquote><b>关于代币化股份：</b>Elon Musk领导的汽车制造商特斯拉等多家公司的股票，<b>游戏驿站公司</b>（纽约证券交易所代码：GME），以及<b>亚马逊公司</b>（纳斯达克股票代码：AMZN）现在可以作为“代币化股票”提供。简而言之，这些是指代表公司或实体股权的数字代币的创建和发行。</blockquote></p><p> <b>Where To Buy These Shares:</b>Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up&nbsp;Tesla as the first token listing.</p><p><blockquote><b>在哪里购买这些股票：</b>代币化股票可通过Bittrex和FTX等多家交易所购买。周一，币安还推出了这些类型的股票，将特斯拉作为第一个代币上市。</blockquote></p><p> Binance is pricing the stocks and carrying out settlements in&nbsp;<b>Binance USD</b>&nbsp;(BUSD) stablecoin.&nbsp; Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.</p><p><blockquote>币安正在对股票定价并进行结算<b>币安美元</b>(BUSD)稳定币。当地法规可能适用，限制购买股票代币。例如，币安在土耳其、中国和其他一些受限制的司法管辖区不提供此类代币。</blockquote></p><p> <b>Why Tokenized Shares:</b>A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker&nbsp;through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.</p><p><blockquote><b>为什么代币化股票：</b>代币化股票的一个据称优势是更大的灵活性。例如，币安将允许投资者交易至少百分之一的股票代币。这意味着，如果投资者购买特斯拉的普通股票，他们将需要支付近700美元，他们可以通过股票代币以低至7美元的价格投资这家汽车制造商。特斯拉股价周一收盘上涨近3.7%，至701.98美元。</blockquote></p><p> Some exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.</p><p><blockquote>Bittrex等一些交易所允许每周7天、每天24小时交易。对于普通股票来说，这是不可能的，因为普通股票必须在市场运作的特定时间进行交易。这也带来了所谓的流动性好处，因为这些代币股票可以随时出售。</blockquote></p><p> <b>Corporate Actions And Token Stocks:</b>As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.</p><p><blockquote><b>公司行动和代币股票：</b>根据Bittrex和币安等交易所的规定，代币股票的持有者有权获得股息和因基础证券所有权而产生的其他利益。</blockquote></p><p> “Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.</p><p><blockquote>币安在一份声明中表示：“股票代币持有者有资格获得基础股权的资本回报，包括潜在的股息和股票分割，就像他们持有传统股票一样。”</blockquote></p><p> <b>Should You Buy Tokenized Shares:</b>Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.&nbsp; The exchange said dividends on such tokens would be paid out subject to tax withholding.</p><p><blockquote><b>您是否应该购买代币化股票：</b>Bittrex在其网页上表示，预计“这些股票不会行使投票权”，但为其代币股票提供动力的公司可能会自行决定这样做。该交易所表示，此类代币的股息将在预扣税的情况下支付。</blockquote></p><p> “It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.</p><p><blockquote>Bittrex在其网站上表示：“每个用户都有责任了解他们收到的任何股息的税务后果。”</blockquote></p><p> Another issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.</p><p><blockquote>另一个问题是适用的费用，虽然一些交易所可能不收取佣金，但当用户首先购买加密货币时，费用或溢价可能会逐渐增加。然而，加密货币的现有持有者现在有了一个新的股票入口。</blockquote></p><p> Regulatory clarity on cryptocurrencies is still an issue, alongside&nbsp;concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according&nbsp;to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.</p><p><blockquote>加密货币的监管清晰度仍然是一个问题，此外还有之前加密货币资产被盗和黑客攻击等担忧。据Block称，美国证券交易委员会前主席杰伊·克莱顿(Jay Clayton)在10月份表示，所有股票有一天都可能被代币化。目前，包括特斯拉在内的一些股票肯定可以作为代币股票进行交易。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-13 14:10</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Which is the&nbsp;better choice — buying regular shares of&nbsp;<b>Tesla Inc</b>&nbsp;(NASDAQ:TSLA) and other companies or buying the securities in a token format?</p><p><blockquote>哪个是更好的选择-购买的普通股<b>特斯拉公司</b>（纳斯达克：TSLA）和其他公司还是以代币形式购买证券？</blockquote></p><p> <b>About Tokenized Shares:</b>Shares of several companies such as the Elon Musk-led automaker Tesla,&nbsp;<b>GameStop Corp</b>&nbsp;(NYSE:GME), and&nbsp;<b>Amazon.com, Inc</b>&nbsp;(NASDAQ:AMZN)&nbsp;are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.</p><p><blockquote><b>关于代币化股份：</b>Elon Musk领导的汽车制造商特斯拉等多家公司的股票，<b>游戏驿站公司</b>（纽约证券交易所代码：GME），以及<b>亚马逊公司</b>（纳斯达克股票代码：AMZN）现在可以作为“代币化股票”提供。简而言之，这些是指代表公司或实体股权的数字代币的创建和发行。</blockquote></p><p> <b>Where To Buy These Shares:</b>Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up&nbsp;Tesla as the first token listing.</p><p><blockquote><b>在哪里购买这些股票：</b>代币化股票可通过Bittrex和FTX等多家交易所购买。周一，币安还推出了这些类型的股票，将特斯拉作为第一个代币上市。</blockquote></p><p> Binance is pricing the stocks and carrying out settlements in&nbsp;<b>Binance USD</b>&nbsp;(BUSD) stablecoin.&nbsp; Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.</p><p><blockquote>币安正在对股票定价并进行结算<b>币安美元</b>(BUSD)稳定币。当地法规可能适用，限制购买股票代币。例如，币安在土耳其、中国和其他一些受限制的司法管辖区不提供此类代币。</blockquote></p><p> <b>Why Tokenized Shares:</b>A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker&nbsp;through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.</p><p><blockquote><b>为什么代币化股票：</b>代币化股票的一个据称优势是更大的灵活性。例如，币安将允许投资者交易至少百分之一的股票代币。这意味着，如果投资者购买特斯拉的普通股票，他们将需要支付近700美元，他们可以通过股票代币以低至7美元的价格投资这家汽车制造商。特斯拉股价周一收盘上涨近3.7%，至701.98美元。</blockquote></p><p> Some exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.</p><p><blockquote>Bittrex等一些交易所允许每周7天、每天24小时交易。对于普通股票来说，这是不可能的，因为普通股票必须在市场运作的特定时间进行交易。这也带来了所谓的流动性好处，因为这些代币股票可以随时出售。</blockquote></p><p> <b>Corporate Actions And Token Stocks:</b>As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.</p><p><blockquote><b>公司行动和代币股票：</b>根据Bittrex和币安等交易所的规定，代币股票的持有者有权获得股息和因基础证券所有权而产生的其他利益。</blockquote></p><p> “Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.</p><p><blockquote>币安在一份声明中表示：“股票代币持有者有资格获得基础股权的资本回报，包括潜在的股息和股票分割，就像他们持有传统股票一样。”</blockquote></p><p> <b>Should You Buy Tokenized Shares:</b>Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.&nbsp; The exchange said dividends on such tokens would be paid out subject to tax withholding.</p><p><blockquote><b>您是否应该购买代币化股票：</b>Bittrex在其网页上表示，预计“这些股票不会行使投票权”，但为其代币股票提供动力的公司可能会自行决定这样做。该交易所表示，此类代币的股息将在预扣税的情况下支付。</blockquote></p><p> “It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.</p><p><blockquote>Bittrex在其网站上表示：“每个用户都有责任了解他们收到的任何股息的税务后果。”</blockquote></p><p> Another issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.</p><p><blockquote>另一个问题是适用的费用，虽然一些交易所可能不收取佣金，但当用户首先购买加密货币时，费用或溢价可能会逐渐增加。然而，加密货币的现有持有者现在有了一个新的股票入口。</blockquote></p><p> Regulatory clarity on cryptocurrencies is still an issue, alongside&nbsp;concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according&nbsp;to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.</p><p><blockquote>加密货币的监管清晰度仍然是一个问题，此外还有之前加密货币资产被盗和黑客攻击等担忧。据Block称，美国证券交易委员会前主席杰伊·克莱顿(Jay Clayton)在10月份表示，所有股票有一天都可能被代币化。目前，包括特斯拉在内的一些股票肯定可以作为代币股票进行交易。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190290079","content_text":"Which is the better choice — buying regular shares of Tesla Inc (NASDAQ:TSLA) and other companies or buying the securities in a token format?\nAbout Tokenized Shares:Shares of several companies such as the Elon Musk-led automaker Tesla, GameStop Corp (NYSE:GME), and Amazon.com, Inc (NASDAQ:AMZN) are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.\nWhere To Buy These Shares:Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up Tesla as the first token listing.\nBinance is pricing the stocks and carrying out settlements in Binance USD (BUSD) stablecoin.  Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.\nWhy Tokenized Shares:A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.\nSome exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.\nCorporate Actions And Token Stocks:As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.\n“Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.\nShould You Buy Tokenized Shares:Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.  The exchange said dividends on such tokens would be paid out subject to tax withholding.\n“It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.\nAnother issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.\nRegulatory clarity on cryptocurrencies is still an issue, alongside concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345177525,"gmtCreate":1618294173567,"gmtModify":1634293891638,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617366683,"share":"https://www.laohu8.com/m/news/1176602902?lang=zh_CN&edition=full","pubTime":"2021-04-02 20:31","market":"us","language":"en","title":"U.S. added 916,000 jobs in March, above expectations<blockquote>美国3月新增就业91.6万个，高于预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176602902","media":"Tiger Newspress","summary":"(April 2) Job growth boomed in March at the fastest pace since last summer as stronger economic grow","content":"<p>(April&nbsp;2)&nbsp;Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.</p><p><blockquote>（4月2日）美国劳工部周五报告称，由于强劲的经济增长和积极的疫苗接种工作推动企业加大招聘力度，3月份就业增长以去年夏天以来的最快速度增长。</blockquote></p><p>Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.</p><p><blockquote>当月非农就业人数增加91.6万人，失业率降至6%。</blockquote></p><p>Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.</p><p><blockquote>接受道琼斯调查的经济学家一直预计增加675,000人，失业率为6%。</blockquote></p><p>The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.</p><p><blockquote>该报告发布之际，一系列其他指标表明，随着美国试图摆脱Covid-19大流行的影响，经济增长将更加强劲。在经历了一年的产能减少后，全国各地的州和市继续重新开放。</blockquote></p><p>Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.</p><p><blockquote>尽管受到限制，该公司大部分地区的业务活动已恢复到接近正常水平，Jeffries的跟踪显示，业务活动为大流行前水平的93.5%。</blockquote></p><p>Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.</p><p><blockquote>Homebase的数据显示，过去一个月，员工的工作时间和工作时间都大幅增加，接待和娱乐方面都有显着改善。这些是受打击最严重的行业，但随着政府放松了一些最严厉的活动限制，过去两个月有所改善。</blockquote></p><p>At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.</p><p><blockquote>与此同时，制造业正在蓬勃发展，供应管理协会对该行业活动的衡量在3月份达到了1983年底以来的最高水平。</blockquote></p><p>The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.</p><p><blockquote>尽管美联储官员表示，任何加息都将是暂时的，但加息速度加上政府前所未有的刺激措施引发了人们对通胀的担忧。</blockquote></p><p>The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.</p><p><blockquote>美联储正在密切关注就业数据，但政策制定者一再表示，即使最近有所改善，劳动力市场也远未达到推动央行加息的程度。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. added 916,000 jobs in March, above expectations<blockquote>美国3月新增就业91.6万个，高于预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. added 916,000 jobs in March, above expectations<blockquote>美国3月新增就业91.6万个，高于预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-02 20:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(April&nbsp;2)&nbsp;Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.</p><p><blockquote>（4月2日）美国劳工部周五报告称，由于强劲的经济增长和积极的疫苗接种工作推动企业加大招聘力度，3月份就业增长以去年夏天以来的最快速度增长。</blockquote></p><p>Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.</p><p><blockquote>当月非农就业人数增加91.6万人，失业率降至6%。</blockquote></p><p>Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.</p><p><blockquote>接受道琼斯调查的经济学家一直预计增加675,000人，失业率为6%。</blockquote></p><p>The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.</p><p><blockquote>该报告发布之际，一系列其他指标表明，随着美国试图摆脱Covid-19大流行的影响，经济增长将更加强劲。在经历了一年的产能减少后，全国各地的州和市继续重新开放。</blockquote></p><p>Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.</p><p><blockquote>尽管受到限制，该公司大部分地区的业务活动已恢复到接近正常水平，Jeffries的跟踪显示，业务活动为大流行前水平的93.5%。</blockquote></p><p>Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.</p><p><blockquote>Homebase的数据显示，过去一个月，员工的工作时间和工作时间都大幅增加，接待和娱乐方面都有显着改善。这些是受打击最严重的行业，但随着政府放松了一些最严厉的活动限制，过去两个月有所改善。</blockquote></p><p>At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.</p><p><blockquote>与此同时，制造业正在蓬勃发展，供应管理协会对该行业活动的衡量在3月份达到了1983年底以来的最高水平。</blockquote></p><p>The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.</p><p><blockquote>尽管美联储官员表示，任何加息都将是暂时的，但加息速度加上政府前所未有的刺激措施引发了人们对通胀的担忧。</blockquote></p><p>The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.</p><p><blockquote>美联储正在密切关注就业数据，但政策制定者一再表示，即使最近有所改善，劳动力市场也远未达到推动央行加息的程度。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176602902","content_text":"(April 2) Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort pushed companies to step up hiring, the Labor Department reported Friday.Nonfarm payrolls increased by 916,000 for the month while the unemployment rate fell to 6%.Economists surveyed by Dow Jones had been looking for an increase of 675,000 and an unemployment rate of 6%.The report comes amid a slew of other indicators pointing to stronger growth as the U.S. tries to shake off the effects of the Covid-19 pandemic. States and municipalities across the country continue to reopen after a year of operating at reduced capacity.Business activity has returned to close to normal levels in much of the company despite the restrictions, with a tracker by Jeffries indicating that activity is at 93.5% of its pre-pandemic level.Data from Homebase shows that employees working and hours worked both gained sharply over the past month, with significant improvements in both hospitality and entertainment. Those have been the hardest-hit sectors, but have improved over the past two months as governments have loosened up on some of the harshest restrictions on activity.At the same time, manufacturing is enjoying a boom, with an Institute for Supply Management gauge of activity in the sector hitting its highest level since late 1983 in March.The pace of gains combined with the unprecedented level of government stimulus has kindled worries about inflation, though Federal Reserve officials say any increases will be temporary.The Fed is keeping a close eye on the jobs data, but policymakers have said repeatedly that even with the recent improvements the labor market is nowhere near a point that would push the central bank into raising interest rates.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340421689,"gmtCreate":1617457187341,"gmtModify":1634520885348,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561208971324104","idStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340421689","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":349151339,"gmtCreate":1617582407721,"gmtModify":1634520483241,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/349151339","repostId":"2124875875","repostType":4,"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":365833494,"gmtCreate":1614724360418,"gmtModify":1703480278395,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"Sell too early without seeing this...gosh","listText":"Sell too early without seeing this...gosh","text":"Sell too early without seeing this...gosh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/365833494","repostId":"2116933518","repostType":2,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329321170,"gmtCreate":1615210284890,"gmtModify":1703485699086,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"Cross finger huat","listText":"Cross finger huat","text":"Cross finger huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/329321170","repostId":"1107547284","repostType":2,"repost":{"id":"1107547284","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615210084,"share":"https://www.laohu8.com/m/news/1107547284?lang=zh_CN&edition=full","pubTime":"2021-03-08 21:28","market":"us","language":"zh","title":"小鹏汽车何小鹏：将于今年第四季度交付第三款新车","url":"https://stock-news.laohu8.com/highlight/detail?id=1107547284","media":"老虎资讯综合","summary":"小鹏汽车董事长何小鹏在今日举办的2020年Q4财报电话会上表示，小鹏汽车计划在2021年下半年推出搭载激光雷达的第三款电动车型，支持自研自动驾驶系统XPILOT 3.0，预计第四季度开始交付。2022","content":"<p><a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>董事长何小鹏在今日举办的2020年Q4财报电话会上表示，小鹏汽车计划在2021年下半年推出搭载激光雷达的第三款电动车型，支持自研自动驾驶系统XPILOT 3.0，预计第四季度开始交付。2022年推出第四款新车，并配备下一代自动驾驶系统。</p>\n<p>2021年年底，小鹏品牌的超充站将超过500个，将在超过200个城市为用户提供终身免费充电服务。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小鹏汽车何小鹏：将于今年第四季度交付第三款新车</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ 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#494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小鹏汽车何小鹏：将于今年第四季度交付第三款新车\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-08 21:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>董事长何小鹏在今日举办的2020年Q4财报电话会上表示，小鹏汽车计划在2021年下半年推出搭载激光雷达的第三款电动车型，支持自研自动驾驶系统XPILOT 3.0，预计第四季度开始交付。2022年推出第四款新车，并配备下一代自动驾驶系统。</p>\n<p>2021年年底，小鹏品牌的超充站将超过500个，将在超过200个城市为用户提供终身免费充电服务。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4aa4c2246df411f68e16a21f6d365311","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107547284","content_text":"小鹏汽车董事长何小鹏在今日举办的2020年Q4财报电话会上表示，小鹏汽车计划在2021年下半年推出搭载激光雷达的第三款电动车型，支持自研自动驾驶系统XPILOT 3.0，预计第四季度开始交付。2022年推出第四款新车，并配备下一代自动驾驶系统。\n2021年年底，小鹏品牌的超充站将超过500个，将在超过200个城市为用户提供终身免费充电服务。","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362529322,"gmtCreate":1614650553866,"gmtModify":1703479342077,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"So in long run is worth to invest?","listText":"So in long run is worth to invest?","text":"So in long run is worth to invest?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/362529322","repostId":"2116563084","repostType":2,"repost":{"id":"2116563084","kind":"news","pubTimestamp":1614649860,"share":"https://www.laohu8.com/m/news/2116563084?lang=zh_CN&edition=full","pubTime":"2021-03-02 09:51","market":"us","language":"zh","title":"2020年蔚来卖了4.37万辆车，净亏损53亿元人民币","url":"https://stock-news.laohu8.com/highlight/detail?id=2116563084","media":"21世纪经济报道","summary":"2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。2020年，蔚来汽车净亏损为53.04亿元，较前两年大幅收窄。2017—2019年，蔚来的净亏损分别为49.85亿元、96.39亿元、112.98亿元。2016年以来，蔚来的累计净亏损约为337亿元。2020年，蔚来汽车的毛利率由负转正，为11.5%。这也是2020年蔚来汽车亏损收窄的一个重要原因。截至2020年12月31日，蔚来手中的现金及现金等价物为384.2亿元。","content":"<div>\n<p>仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2020年蔚来卖了4.37万辆车，净亏损53亿元人民币</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2020年蔚来卖了4.37万辆车，净亏损53亿元人民币\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 09:51 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/feebf0ff4401232c3ecc332f566f18e0","relate_stocks":{"NIO":"蔚来","CYB":"人民币ETF-WisdomTree Dreyfus"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2116563084","content_text":"仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损为53.04亿元，较前两年大幅收窄。2017—2019年，蔚来的净亏损分别为49.85亿元、96.39亿元、112.98亿元。2016年以来，蔚来的累计净亏损约为337亿元。不过，蔚来汽车的毛利润有了明显改善，2019年蔚来的毛利润为-11.98亿元，2020年为18.73亿元。2020年，蔚来汽车的毛利率由负转正，为11.5%。毛利润和毛利率的转正，意味着蔚来汽车已经能够靠卖车“赚钱”。但是全年净亏损达53.04亿元，表明蔚来仍然很“烧钱”。市场、销售和管理费用以及研发费用仍然是蔚来的重要支出，不过2020年均有所减少。这也是2020年蔚来汽车亏损收窄的一个重要原因。2020年，蔚来的市场、销售和管理费用为39.32亿元，低于2019年的54.51亿元；2020年研发支出为24.88亿元，较2019年的44.28亿元减少近一半。现金流方面，蔚来汽车较为宽裕。截至2020年12月31日，蔚来手中的现金及现金等价物为384.2亿元。2021年前两月，蔚来分别交付了新车7225台和5578台，同比增长352%和689%。蔚来汽车预计，今年一季度实现车辆交付20000～20500台，总营收在73.823亿元至75.572亿元之间，无论是销量还是营收，都将较2020年同期增长超400%。（作者：左茂轩 编辑：张若思）","news_type":1,"symbols_score_info":{"CNHmain":1,"CYB":0.6,"NIO":1,"UCmain":1}},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368362655,"gmtCreate":1614293461777,"gmtModify":1703475877604,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/368362655","repostId":"2114323245","repostType":2,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":326722737,"gmtCreate":1615718557029,"gmtModify":1703492363767,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/326722737","repostId":"2119951169","repostType":2,"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":344146716,"gmtCreate":1618390931235,"gmtModify":1634293280888,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/344146716","repostId":"2127454000","repostType":4,"isVote":1,"tweetType":1,"viewCount":2305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324302993,"gmtCreate":1615958894412,"gmtModify":1703495543032,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324302993","repostId":"2120901517","repostType":2,"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":329685222,"gmtCreate":1615243435966,"gmtModify":1703486094913,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/329685222","repostId":"2118692989","repostType":2,"repost":{"id":"2118692989","kind":"news","pubTimestamp":1615241754,"share":"https://www.laohu8.com/m/news/2118692989?lang=zh_CN&edition=full","pubTime":"2021-03-09 06:15","market":"us","language":"zh","title":"ARK基金创始人Cathie Wood表示 ARK基金支持特斯拉增持加密货币","url":"https://stock-news.laohu8.com/highlight/detail?id=2118692989","media":"云财经","summary":"云财经讯，ARK基金创始人Cathie Wood表示，ARK基金支持特斯拉增持加密货币。","content":"<html><body><article><p>云财经讯，ARK基金创始人Cathie Wood表示，ARK基金支持<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>增持加密货币。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK基金创始人Cathie Wood表示 ARK基金支持特斯拉增持加密货币</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103090616147874268f&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/78edc8337704ffd6760fab4583246af8","relate_stocks":{"TSLA":"特斯拉","ARKK":"ARK Innovation ETF"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103090616147874268f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2118692989","content_text":"云财经讯，ARK基金创始人Cathie Wood表示，ARK基金支持特斯拉增持加密货币。","news_type":1,"symbols_score_info":{"ARKIU":1,"TSLA":1,"ARKK":1}},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":362529447,"gmtCreate":1614650579889,"gmtModify":1703479343099,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"Hope for the best","listText":"Hope for the best","text":"Hope for the 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09:51","market":"us","language":"zh","title":"2020年蔚来卖了4.37万辆车，净亏损53亿元人民币","url":"https://stock-news.laohu8.com/highlight/detail?id=2116563084","media":"21世纪经济报道","summary":"2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。2020年，蔚来汽车净亏损为53.04亿元，较前两年大幅收窄。2017—2019年，蔚来的净亏损分别为49.85亿元、96.39亿元、112.98亿元。2016年以来，蔚来的累计净亏损约为337亿元。2020年，蔚来汽车的毛利率由负转正，为11.5%。这也是2020年蔚来汽车亏损收窄的一个重要原因。截至2020年12月31日，蔚来手中的现金及现金等价物为384.2亿元。","content":"<div>\n<p>仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2020年蔚来卖了4.37万辆车，净亏损53亿元人民币</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2020年蔚来卖了4.37万辆车，净亏损53亿元人民币\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 09:51 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b><strong>21世纪经济报道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/feebf0ff4401232c3ecc332f566f18e0","relate_stocks":{"NIO":"蔚来","CYB":"人民币ETF-WisdomTree Dreyfus"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103020951437a49f057&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2116563084","content_text":"仍然在“烧钱”。北京时间3月2日，中国电动汽车制造商蔚来（NIO.NYSE）发布了2020年第四季度及全年未经审计财务报告。2020年，蔚来汽车实现营业收入162.57亿元人民币，同比增长107%。其中，汽车销售收入为151.82亿元。这主要是因为汽车销量的大幅增长，2020年，蔚来共交付汽车4.37万辆，同比增长112.6%。然而，目前蔚来还没能实现自我“造血”的能力。2020年，蔚来汽车净亏损为53.04亿元，较前两年大幅收窄。2017—2019年，蔚来的净亏损分别为49.85亿元、96.39亿元、112.98亿元。2016年以来，蔚来的累计净亏损约为337亿元。不过，蔚来汽车的毛利润有了明显改善，2019年蔚来的毛利润为-11.98亿元，2020年为18.73亿元。2020年，蔚来汽车的毛利率由负转正，为11.5%。毛利润和毛利率的转正，意味着蔚来汽车已经能够靠卖车“赚钱”。但是全年净亏损达53.04亿元，表明蔚来仍然很“烧钱”。市场、销售和管理费用以及研发费用仍然是蔚来的重要支出，不过2020年均有所减少。这也是2020年蔚来汽车亏损收窄的一个重要原因。2020年，蔚来的市场、销售和管理费用为39.32亿元，低于2019年的54.51亿元；2020年研发支出为24.88亿元，较2019年的44.28亿元减少近一半。现金流方面，蔚来汽车较为宽裕。截至2020年12月31日，蔚来手中的现金及现金等价物为384.2亿元。2021年前两月，蔚来分别交付了新车7225台和5578台，同比增长352%和689%。蔚来汽车预计，今年一季度实现车辆交付20000～20500台，总营收在73.823亿元至75.572亿元之间，无论是销量还是营收，都将较2020年同期增长超400%。（作者：左茂轩 编辑：张若思）","news_type":1,"symbols_score_info":{"CNHmain":1,"CYB":0.6,"NIO":1,"UCmain":1}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379951743,"gmtCreate":1618660393882,"gmtModify":1634291504376,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379951743","repostId":"1179330583","repostType":4,"isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328171229,"gmtCreate":1615509236561,"gmtModify":1703490141668,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/328171229","repostId":"2118934971","repostType":2,"repost":{"id":"2118934971","kind":"highlight","pubTimestamp":1615507068,"share":"https://www.laohu8.com/m/news/2118934971?lang=zh_CN&edition=full","pubTime":"2021-03-12 07:57","market":"hk","language":"zh","title":"Pixel 6最新消息透露了一个重要的设计变化","url":"https://stock-news.laohu8.com/highlight/detail?id=2118934971","media":"新浪科技综合","summary":"另外，据说谷歌还在研发可折叠的Pixel， 这将标志着该公司在这一智能手机形式上的首次尝试。各种报道称，谷歌最快将在6月推出Pixel 5a版本。也就是说，没有迹象表明谷歌会在今年推出可折叠的Pixel。但9to5Google确实表示，它知道两个据称是Pixel 6设备的代号，包括Oriole和Raven。前者可能就是Pixel 6。目前还不清楚谷歌是否会在今年推出Pixel 6 XL手机，或者Pixel Fold是否会充当XL。","content":"<html><body><p>网友都说<a href=\"https://laohu8.com/S/SINA\">新浪</a>众测不讲武德，数码新品说发就发，新奇好物说送就送。不怕你没想法，就怕你不行动，加入新浪众测，和数码大V一起聊产品，谈体验！</p>\n<p>本文来自cnBeta</p>\n<p>Pixel 5在规格和功率方面令人失望，但2021年可能会给Pixel粉丝带来比去年的 “旗舰 ”更令人兴奋的设备。首先，去年有传言称，<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>和<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>正在研发一款定制处理器，可以为Pixel手机和其他小工具提供动力。这将使谷歌摆脱<a href=\"https://laohu8.com/S/QCOM\">高通</a>的束缚，更好地控制智能手机。另外，据说谷歌还在研发可折叠的Pixel， 这将标志着该公司在这一智能手机形式上的首次尝试。</p>\n<p>各种报道称，谷歌最快将在6月推出Pixel 5a版本。这款手机的设计在几周前泄露，表明谷歌可能会在新手机中使用目前的Pixel 4a 5G手机设计。9to5Google挖掘了最近发布的Pixel手机的Google Camera应用，发现了一些关于Pixel 5a和Pixel 6的细节。</p>\n<div sax-type=\"proxy\"></div><p>相机应用中有代码解释了该应用如何处理打孔自拍相机的位置。这段代码表明，自拍相机的半径只有55像素会比Pixel 4a的65像素小。更有趣的是有关Pixel 6相机的细节，表明自拍相机将支持4K视频录制。这将比目前Pixel 5的功能有很大的提升，目前Pixel 5只支持全高清视频录制。</p>\n<p>代码还显示，Pixel 6摄像头将被放置在屏幕的中上方，而不是像Pixel 5那样放置在左上方。这似乎是一个微小的、无关紧要的细节。打孔自拍摄像头放在哪里并不重要，因为从整体外观和屏占比来看，结果是一样的。但位置的改变也将迫使谷歌对用户界面做出改变。时钟和通知指示器将回到屏幕的左上方。</p>\n<p>更重要的是，自拍的位置对于未来可折叠的Pixel手机至关重要。目前还不清楚谷歌打算采用什么设计。可折叠的Pixel可能会像Galaxy Z Flip一样采用蛤壳式设计，或者谷歌可能会选择普通智能手机/平板电脑Galaxy Z Fold 2的方案。</p>\n<p>如果是后者，谷歌要做一款Pixel Fold类型的手机，那么谷歌在自拍摄像头上有多种选择。如果内部屏幕应该配备自拍摄像头，那么它不能放在可折叠屏幕的正中间，因为那是铰链的位置。这就是为什么Galaxy Z Fold 2的内部自拍摄像头偏离中心的原因。它的中心位置在可折叠显示屏的右半部分。另一方面，如果谷歌只会在外部显示屏上放置自拍摄像头，那么自拍摄像头就不能坐在左上角，也就是铰链的位置。</p>\n<p>也就是说，没有迹象表明谷歌会在今年推出可折叠的Pixel。但9to5Google确实表示，它知道两个据称是Pixel 6设备的代号，包括Oriole和Raven。前者可能就是Pixel 6。目前还不清楚谷歌是否会在今年推出Pixel 6 XL手机，或者Pixel Fold是否会充当XL。</p>\n<figure>\n<img src=\"http://n.sinaimg.cn/tech/crawl/36/w550h286/20210312/ccbf-kmeeiut0026862.jpg\"/>\n<h2></h2>\n</figure>\n<div>\n<img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\"/>\n</div>\n</body></html>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pixel 6最新消息透露了一个重要的设计变化</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 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class=\"title\">\nPixel 6最新消息透露了一个重要的设计变化\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 07:57 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.sina.cn/mobile/xp/2021-03-12/detail-ikkntiak8977217.d.html?vt=4><strong>新浪科技综合</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>网友都说新浪众测不讲武德，数码新品说发就发，新奇好物说送就送。不怕你没想法，就怕你不行动，加入新浪众测，和数码大V一起聊产品，谈体验！\n本文来自cnBeta\nPixel 5在规格和功率方面令人失望，但2021年可能会给Pixel粉丝带来比去年的 “旗舰 ”更令人兴奋的设备。首先，去年有传言称，谷歌和三星正在研发一款定制处理器，可以为Pixel手机和其他小工具提供动力。这将使谷歌摆脱高通的束缚，更好...</p>\n\n<a href=\"https://tech.sina.cn/mobile/xp/2021-03-12/detail-ikkntiak8977217.d.html?vt=4\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://k.sinaimg.cn/n/tech/667/w400h267/20210312/ee69-kmeeiut0028374.jpg/w120h90l50t1c61.jpg","relate_stocks":{"GOOG":"谷歌","09086":"华夏纳指-U","QNETCN":"纳斯达克中美互联网老虎指数","03086":"华夏纳指","GOOGL":"谷歌A"},"source_url":"https://tech.sina.cn/mobile/xp/2021-03-12/detail-ikkntiak8977217.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118934971","content_text":"网友都说新浪众测不讲武德，数码新品说发就发，新奇好物说送就送。不怕你没想法，就怕你不行动，加入新浪众测，和数码大V一起聊产品，谈体验！\n本文来自cnBeta\nPixel 5在规格和功率方面令人失望，但2021年可能会给Pixel粉丝带来比去年的 “旗舰 ”更令人兴奋的设备。首先，去年有传言称，谷歌和三星正在研发一款定制处理器，可以为Pixel手机和其他小工具提供动力。这将使谷歌摆脱高通的束缚，更好地控制智能手机。另外，据说谷歌还在研发可折叠的Pixel， 这将标志着该公司在这一智能手机形式上的首次尝试。\n各种报道称，谷歌最快将在6月推出Pixel 5a版本。这款手机的设计在几周前泄露，表明谷歌可能会在新手机中使用目前的Pixel 4a 5G手机设计。9to5Google挖掘了最近发布的Pixel手机的Google Camera应用，发现了一些关于Pixel 5a和Pixel 6的细节。\n相机应用中有代码解释了该应用如何处理打孔自拍相机的位置。这段代码表明，自拍相机的半径只有55像素会比Pixel 4a的65像素小。更有趣的是有关Pixel 6相机的细节，表明自拍相机将支持4K视频录制。这将比目前Pixel 5的功能有很大的提升，目前Pixel 5只支持全高清视频录制。\n代码还显示，Pixel 6摄像头将被放置在屏幕的中上方，而不是像Pixel 5那样放置在左上方。这似乎是一个微小的、无关紧要的细节。打孔自拍摄像头放在哪里并不重要，因为从整体外观和屏占比来看，结果是一样的。但位置的改变也将迫使谷歌对用户界面做出改变。时钟和通知指示器将回到屏幕的左上方。\n更重要的是，自拍的位置对于未来可折叠的Pixel手机至关重要。目前还不清楚谷歌打算采用什么设计。可折叠的Pixel可能会像Galaxy Z Flip一样采用蛤壳式设计，或者谷歌可能会选择普通智能手机/平板电脑Galaxy Z Fold 2的方案。\n如果是后者，谷歌要做一款Pixel Fold类型的手机，那么谷歌在自拍摄像头上有多种选择。如果内部屏幕应该配备自拍摄像头，那么它不能放在可折叠屏幕的正中间，因为那是铰链的位置。这就是为什么Galaxy Z Fold 2的内部自拍摄像头偏离中心的原因。它的中心位置在可折叠显示屏的右半部分。另一方面，如果谷歌只会在外部显示屏上放置自拍摄像头，那么自拍摄像头就不能坐在左上角，也就是铰链的位置。\n也就是说，没有迹象表明谷歌会在今年推出可折叠的Pixel。但9to5Google确实表示，它知道两个据称是Pixel 6设备的代号，包括Oriole和Raven。前者可能就是Pixel 6。目前还不清楚谷歌是否会在今年推出Pixel 6 XL手机，或者Pixel Fold是否会充当XL。","news_type":1,"symbols_score_info":{"03086":0.6,"GOOGL":0.9,"09086":0.6,"GOOG":0.9,"QNETCN":0.6}},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":379177245,"gmtCreate":1618711453487,"gmtModify":1634291332390,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/379177245","repostId":"1179330583","repostType":4,"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327503000,"gmtCreate":1616105800700,"gmtModify":1634527254490,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327503000","repostId":"2120569165","repostType":4,"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325634006,"gmtCreate":1615892973205,"gmtModify":1703494579159,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[难过]&nbsp;","listText":"[难过]&nbsp;","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/325634006","repostId":"2119492044","repostType":2,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":367136178,"gmtCreate":1614918527594,"gmtModify":1703482969525,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/367136178","repostId":"1112359794","repostType":4,"repost":{"id":"1112359794","kind":"news","pubTimestamp":1614911874,"share":"https://www.laohu8.com/m/news/1112359794?lang=zh_CN&edition=full","pubTime":"2021-03-05 10:37","market":"us","language":"en","title":"A Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112359794","media":"Nasdaq","summary":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — ","content":"<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Warning From Warren Buffett: We’re a Long Way From 1981<blockquote>沃伦·巴菲特的警告：我们距离1981年还有很长的路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-05 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. </p><p><blockquote>伯克希尔哈撒韦公司的年度信函一如既往地由现年90岁的首席执行官沃伦·巴菲特撰写，于上周末发布。</blockquote></p><p>Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.</p><p><blockquote>阅读伯克希尔的信，寻找巴菲特的名言和见解的复活节彩蛋，已经成为金融界许多人的年度传统。分析师、基金经理、记者和各类投资者往往会在报告发布的周末阅读，即使他们不持有股票。</blockquote></p><p>Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available&nbsp;here.</p><p><blockquote>你的编辑就是这样一位读者：虽然从来不是股东，但我们已经仔细阅读巴菲特的信件近20年了。我们也有所有的旧信件存档，可以追溯到我们出生之前很久。在我们看来，最好的一封是涵盖1965年的巴菲特合伙信，可以在这里找到。</blockquote></p><p>The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.</p><p><blockquote>与过去几年相比，2021年的信感觉忧郁而克制。考虑到美国和世界在2020年不得不经历的事情，这是有道理的。</blockquote></p><p>Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:</p><p><blockquote>尽管如此，就悲观和黑暗警告而言——这与巴菲特的正常情况相去甚远——这段关于固定收益投资者“黯淡未来”的文章还是很突出：</blockquote></p><p><i>[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.</i></p><p><blockquote><i>现在不是去onds的地方。你能相信最近10年期美国国债的收益（年底收益率为0.93%）比1981年9月的15.8%下降了94%吗？在某些大国和重要国家，如德国和日本，投资者从数万亿美元的主权债务中获得了负回报。全球固定收益投资者——无论是养老基金、保险公司还是退休人员——都面临着黯淡的未来。</i></blockquote></p><p>Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.</p><p><blockquote>根据巴菲特的计算，从1981年9月到2020年底的近四十年时间里，10年期国债的收益率下降了94%。</blockquote></p><p>In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.</p><p><blockquote>关于收益率下降，Semper Augustus总裁兼首席投资官Chris Bloomstran提供了另一个引人注目的统计数据：截至2月27日，美国30年期国债价格在三个月内下跌了16%以上——这一跌幅抹去了整整10年的息票支付。同样根据Bloomstran的说法，10年期债券在此期间放弃了7年的息票。</blockquote></p><p>Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.</p><p><blockquote>想象一下，削减整整十年的政府债券息票，然后在短短12周的时间里，损失了相当于所有付款甚至更多的本金。现在想象一下，努力成为一名政府债券投资者。</blockquote></p><p>For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.</p><p><blockquote>对于长期美国国债持有者来说，痛苦正在增加，因为在疫苗乐观情绪、被压抑的需求和财政刺激海啸的推动下，美国经济正在通货再膨胀。疯狂的经济增长即将到来，随之而来的是通货膨胀。</blockquote></p><p>If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.</p><p><blockquote>如果你原谅这种廉价的押韵，利率“更长时间地降低”的口号现在看起来“越来越错误”。根据Bespoke Investment Group的数据，美林10年期以上国债指数2021年的抛售已经产生了自1988年有记录以来第三差的百分比——而且这一年还很年轻。</blockquote></p><p>Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.</p><p><blockquote>然后，巴菲特回顾1981年，近40年来收益率下降了94%，这也清醒地提醒人们钟摆已经摆了多远。下图来自FRED，显示了10年期国债收益率从1980年到今天的40年历程。</blockquote></p><p>It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”</p><p><blockquote>很难比10年期国债收益率更能生动地说明雷·达里奥·评级的“长期债务周期”。</blockquote></p><p><img src=\"https://static.tigerbbs.com/36263398704c16a502896748461035c5\" tg-width=\"808\" tg-height=\"566\" referrerpolicy=\"no-referrer\">The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.</p><p><blockquote>长期债务周期是一种周期性模式，即使债务和杠杆水平上升，利率和通胀压力也往往会下降，持续数十年。</blockquote></p><p>At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.</p><p><blockquote>在1981年开始的长期债务周期之初，通货膨胀率极高，而债务和杠杆水平却很低。</blockquote></p><p>Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.</p><p><blockquote>利率在1981年达到顶峰，因为那一年美联储主席保罗·沃尔克最终以投资者可以承认的方式“打破了通胀的后盾”。</blockquote></p><p>Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.</p><p><blockquote>沃尔克通过多年痛苦的高利率消除通货膨胀的努力是清理债务和杠杆的一部分。20世纪80年代初，美国经历了不止一次，而是两次衰退，相隔约14个月，因为借贷价格飙升。</blockquote></p><p>But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.</p><p><blockquote>但沃尔克成功的反通胀运动，加上低债务和杠杆水平，正是让新的长期债务周期开始的原因。</blockquote></p><p>The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.<img src=\"https://static.tigerbbs.com/078f1f48bf80854f84c01fc648e7b5f4\" tg-width=\"809\" tg-height=\"563\" referrerpolicy=\"no-referrer\">The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.</p><p><blockquote>如下图所示，1980年以来债务与GDP之比的增加是10年期国债收益率下降的倒影。这是因为，在标准的长期债务周期中，债务水平会随着通货膨胀和借贷成本的下降而上升。巴菲特警告固定收益投资者的“黯淡未来”与长期债务周期达到最远点时会发生什么有关。</blockquote></p><p></p><p>Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.</p><p><blockquote>想象一个巨大的、缓慢移动的钟摆，在40多年的时间里朝着同一个方向摆动。在整个时间窗口内，债券收益率和通胀压力都在下降，尽管债务和杠杆水平在上升。</blockquote></p><p>Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.</p><p><blockquote>一旦钟摆开始向另一个方向摆动，就会出现几十年相反方向的趋势。收益率不是连续几十年下降，而是连续几十年上升（这意味着债券价格下跌）；随着时间的推移，债务和杠杆率占产出的百分比并没有上升到越来越高的水平，而是有一个远不那么令人愉快的几十年时期，债务和杠杆水平在产出中的百分比随着时间的推移被削减（或膨胀），回落到之前的极端水平。</blockquote></p><p>Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.</p><p><blockquote>然后，一旦钟摆一直摆回来，它就会再次向前摆动，这是一种高利率与低利率、低债务水平与高债务水平之间的永久振荡。因为一个国家的经济是不朽的——假设这个国家继续存在——这些建立和倒退的代际模式可以无限重复。</blockquote></p><p>What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.</p><p><blockquote>大多数投资者尚未意识到的是，他们在市场上的整个个人经历——可以追溯到1981年——都是为了长期债务周期中令人愉快的一半。</blockquote></p><p>All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.</p><p><blockquote>他们凭直觉所知道的——除非他们是20世纪70年代的活跃市场参与者——就是利率从左到右的钟摆摆动，债务和杠杆不断上升。</blockquote></p><p>Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.</p><p><blockquote>巴菲特对固定收益投资者的警告提醒我们，我们正走向长期债务周期中不太愉快的一半——在这一时期，利率不断上升，然后进一步上升，因为政府、企业和消费者要么积极减少债务负担，要么看到这些债务的价值膨胀。</blockquote></p><p>Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).</p><p><blockquote>此外，通货膨胀也是这一过程的一部分，因为债务调整几乎总是更多地通过通货膨胀而不是严格的勒紧裤腰带进行：通过印刷机减轻债务负担更容易，印刷机降低了债务与债务的百分比-随着时间的推移产出。这种趋势也解释了为什么在未来一二十年（或三年或四年）内，通胀可能会再次飙升，利率也会随之上升。</blockquote></p><p>Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.<img src=\"https://static.tigerbbs.com/e31778f96af4d69be42e3fed9c5d32a1\" tg-width=\"809\" tg-height=\"564\" referrerpolicy=\"no-referrer\">The bottom line is that very few investors are ready for the world that is coming.</p><p><blockquote>只是为了好玩，我们拿了10年期收益率图表并水平翻转图像（下图），以创建一个视觉画面，如果长期债务周期完美回撤，未来40年可能会是什么样子。当然，事情从来没有那么简单，但作为一种心理练习，尝试想象利率遵循如下所示的路径是值得的。底线是，很少有投资者为即将到来的世界做好准备。</blockquote></p><p>With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.</p><p><blockquote>随着美国为未来一年类似新兴市场的增长水平做准备，“长期走低”变得“越来越错误”——美联储表示，至少就目前而言，长期收益率的上升是可以接受的——股市脆弱领域的混乱可能才刚刚开始。</blockquote></p><p><i>Originally by Beverly Becker for TradeSmith.com</i>.</p><p><blockquote><i>最初由Beverly Becker为TradeSmith.com撰写</i>.</blockquote></p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p><p><blockquote>本文表达的观点和意见是作者的观点和意见，不一定反映纳斯达克公司的观点和意见。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/a-warning-from-warren-buffett%3A-were-a-long-way-from-1981-2021-03-04","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112359794","content_text":"The Berkshire Hathaway annual letter — penned, as always, by CEO Warren Buffett, now 90 years old — came out this past weekend. Reading the Berkshire letter, and hunting for easter eggs of Buffett bon mots and insights, has become a kind of annual tradition for much of the financial world. Analysts, money managers, journalists, and investors of all stripes tend to read it the weekend it comes out, even if they own no shares.Your editor is one such reader: Though never a shareholder, we’ve been perusing the Buffett letters for nearly 20 years. We also have all of the old letters on file, dating back long before we were born. The best one of all, in our view, is the Buffett Partnership letter covering 1965, available here.The 2021 letter felt somber and restrained compared to past years. This makes sense, given what America and the world had to go through in 2020.Still, in terms of pessimism and dark warnings — far from the normal fare for Buffett — this passage on the “bleak future” for fixed-income investors stood out:[B]onds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at year end – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such as Germany and Japan, investors earn a negative return on trillions of dollars of sovereign debt. Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.Per Buffett’s calculation, over the course of almost four decades — from September 1981 to year-end 2020 — the yield on the 10-year note fell by 94%.In regard to falling yields, here is another remarkable stat per Chris Bloomstran, the president and chief investment officer of Semper Augustus: As of Feb. 27, the price of the U.S. 30-year Treasury bond had fallen by more than 16% in three months — a drop that erased 10 full years’ worth of coupon payments. Also per Bloomstran, the 10-year gave up 7 years’ worth of coupons in that time.Imagine clipping coupons on your government bonds for a full decade — then taking a hit on the principal worth all of the payments and then some, over the course of just 12 weeks. Now imagine trying to be a government bond investor moving forward.For holders of long-dated U.S. Treasuries, the pain is increasing because the U.S. economy is reflating, powered by vaccine optimism, pent-up demand, and a tsunami of fiscal stimulus. Economic growth of the rip-roaring variety is coming, with inflation to follow on the heels of that.If you’ll pardon the cheap rhyme, the interest-rate mantra “lower for longer” now looks “wrong and wronger.” Per data from Bespoke Investment Group, the 2021 sell-off in the Merrill Lynch 10+ Year Treasury Index has already produced the third-worst percentage since records began in 1988 — and the year is still young.Then, too, Buffett’s harkening back to 1981, and a 94% decline in yields over nearly 40 years, is a sobering reminder of how far the pendulum has swung. The chart below, via FRED, shows the four-decade journey of the 10-year yield from 1980 to today.It is hard to beat the 10-year yield for a vivid illustration of what Ray Dalio calls “the long-term debt cycle.”The Long-Term Debt Cycle is the cyclical pattern by which interest rates and inflation pressures tend to fall, even as debt and leverage levels rise, for decades at a time.At the beginning of the long-term debt cycle — which had its genesis in 1981 — inflation was sky-high, while debt and leverage levels were low.Interest rates peaked in 1981 because that was the year Paul Volcker, Chairman of the Federal Reserve, finally “broke the back of inflation” in a way investors could acknowledge.Volcker’s efforts to kill off inflation, through a multi-year period of painfully high interest rates, were part of what cleaned out the debt and the leverage. The United States went through not one, but two recessions in the early 1980s, spaced about 14 months apart, as the price of borrowing went through the roof.But Volker’s successful anti-inflation campaign, coupled with low debt-and-leverage levels, was the very thing that allowed a new long-term debt cycle to kick off.The build-up of debt to GDP from 1980 onward, as shown in the FRED chart below, is a sort of inverted image of the falling 10-year yield. That is because, in a standard long-term debt cycle, debt levels go up as inflation and borrowing costs go down.The “bleak future” that Buffett warned of for fixed income investors relates to what happens when the long-term debt cycle reaches its farthest point.Think of a giant, slow-moving pendulum that swings in the same direction over a 40-plus-year period. Over that entire window of time, bond yields and inflation pressures are falling, even as debt and leverage levels rise.Once the pendulum starts to swing the other way, a multi-decade trend in the opposite direction occurs. Instead of falling for decades on end, yields go into a pattern of rising for decades on end (which means bond prices fall); and instead of debt and leverage building up to ever-higher levels as a percentage of output over time, there is a far less pleasant multi-decade period where debt and leverage levels are cut back (or inflated away) to a lesser percentage of output over time, rolling back the previous extreme.Then, once the pendulum has swung all the way back, it swings forward yet again, a kind of permanent oscillation between high interest rates versus low, coupled with low debt levels versus high. And because a nation’s economy is immortal — assuming the nation continues to exist — these generational patterns of build-up and roll-back can repeat ad infinitum.What a majority of investors haven’t yet realized is that their entire personal experience in markets — going all the way back to 1981 — is geared toward the pleasant half of the long-term debt cycle.All that they know on a gut-feel basis — unless they were active market participants in the 1970s — is that left-to-right pendulum swing where interest rates fall, as debt and leverage rise and rise.Buffett’s warning to fixed-income investors is a reminder we are headed for the less-pleasant half of the long-term debt cycle — the multi-decade period where interest rates rise and rise, and then rise some more, as governments, corporations, and consumers either actively reduce their debt loads or see the value of those debts inflated away.Then, too, inflation is a part of the process because the debt adjustment almost always happens more via inflation than hardcore belt-tightening: It is just easier to reduce the debt load via printing press, which reduces the percentage ratio of debt-to-output over time. That tendency also explains why inflation will likely roar higher again — with interest rates rising up with it — over the next decade or two (or three, or four).Just for fun, we took the 10-year yield chart and flipped the image horizontally (below), to create a visual picture of how the next 40 years might look if the long-term debt cycle retraced its steps perfectly. It’s never that simple, of course, but as a mental exercise, it’s worthwhile trying to imagine interest rates following a path like the one below.The bottom line is that very few investors are ready for the world that is coming.With “lower for longer” becoming “wrong and wronger” as the U.S. prepares for emerging-market-like levels of growth in the year ahead — and the Federal Reserve signaling it is fine with a jump in long-term yields, at least for now — dislocations in vulnerable areas of the stock market are likely just beginning.Originally by Beverly Becker for TradeSmith.com.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":187613352,"gmtCreate":1623751830476,"gmtModify":1634029058581,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/187613352","repostId":"1167457915","repostType":4,"repost":{"id":"1167457915","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623750756,"share":"https://www.laohu8.com/m/news/1167457915?lang=zh_CN&edition=full","pubTime":"2021-06-15 17:52","market":"us","language":"en","title":"Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167457915","media":"Benzinga","summary":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announ","content":"<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的疗效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 B 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Novavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax Vs. Pfizer Vs. Moderna: How COVID-19 Vaccines Stack Up<blockquote>Novavax与辉瑞与Moderna：COVID-19疫苗如何叠加</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-06-15 17:52</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It was \"better late than never\" for&nbsp;<b>Novavax, Inc.</b>NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.</p><p><blockquote>“迟到总比不到好”<b>诺瓦瓦克斯公司。</b>NVAX，这家生物制药公司终于抽出时间宣布了NVX-CoV2371（其针对新型冠状病毒病的候选疫苗）3期研究美国和墨西哥部分的中期结果。</blockquote></p><p> Here's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namely<b>Pfizer Inc.</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>Moderna, Inc.</b>MRNA, both of which have authorized vaccines in the market.</p><p><blockquote>以下是Novavax候选疫苗和领跑者的比较视角，即<b>辉瑞公司。</b>PFE 0.05%-<b>BioNTech SE</b>BNTXand<b>莫德纳公司。</b>MRNA，两者都有授权疫苗上市。</blockquote></p><p> <b>Vaccine Type:</b>&nbsp;Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.</p><p><blockquote><b>疫苗类型：</b>Novavax的NVX-CoV2371是一种基于重组纳米颗粒蛋白的COVID-19疫苗，与该公司专有的Matrix-M佐剂包装在一起。</blockquote></p><p> The Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern&nbsp;vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.</p><p><blockquote>辉瑞-BioNTech和Moderna的产品是mRNA疫苗，或通过使用一种称为mRNA的遗传密码来发挥作用的现代疫苗，这种遗传密码指示我们的免疫细胞制造刺突蛋白，刺突蛋白存在于导致新冠肺炎的病毒表面。</blockquote></p><p> This spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.</p><p><blockquote>这种刺突蛋白虽然无害，但能够触发我们的免疫系统产生抗体，防止未来的感染。</blockquote></p><p> Novavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle&nbsp;that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.</p><p><blockquote>Novavax的疫苗是一种蛋白质佐剂，含有冠状病毒本身的刺突蛋白，但配方为纳米颗粒，不会导致疾病。然后，注射的疫苗刺激免疫系统产生抗体和T细胞免疫反应。</blockquote></p><p> <b>The Vaccine Doses:</b>&nbsp;The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.</p><p><blockquote><b>疫苗剂量：</b>这三家公司的疫苗都需要接种两剂。辉瑞的每剂由30 mcg和Moderna的100 mcg组成，而Novavax的每剂疫苗由5 mcg NVX-CoV2371和50 mcg Matrix-M1佐剂组成，它们是共同配制的。</blockquote></p><p> The interval between the two doses —&nbsp;the priming and booster dose —&nbsp;is 21 days each for Pfizer and Novavax and 28 days for Moderna.</p><p><blockquote>辉瑞和Novavax的两种剂量（初免剂量和加强剂量）之间的间隔为21天，Moderna为28天。</blockquote></p><p> <b>The Target Population:</b>&nbsp;The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants&nbsp;ages 16 years and older. The trial enrolled 43,448 participants.</p><p><blockquote><b>目标人群：</b>辉瑞-BioNTech最初的后期试验在16岁及以上的参与者中评估了疫苗。该试验招募了43,448名参与者。</blockquote></p><p> Moderna'sPhase 3 COVE study enrolled 30,000 participants&nbsp;ages 18 years and up.</p><p><blockquote>Moderna的3期COVE研究招募了30,000名18岁及以上的参与者。</blockquote></p><p> Since then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.</p><p><blockquote>此后，这两家公司获得了各自疫苗用于青少年的授权。</blockquote></p><p> Bothcompanieshave also initiated studies in the pediatric population.</p><p><blockquote>两家公司还启动了针对儿科人群的研究。</blockquote></p><p> Novavax's study enrolled 29,960 participants&nbsp;18 years of age and older&nbsp;across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.</p><p><blockquote>Novavax的研究在美国和墨西哥的119个地点招募了29,960名18岁及以上的参与者。PREVENT-19的安慰剂对照部分继续在12岁至18岁以下的青少年中进行，最近完成了2,248名参与者的招募。</blockquote></p><p> <b>Vaccine Logistics:</b>&nbsp;Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.</p><p><blockquote><b>疫苗物流：</b>辉瑞公司最近获得了FDA的授权，可以将未稀释、解冻的疫苗瓶在2°C至8°C的冰箱中储存长达一个月。</blockquote></p><p> Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five&nbsp;days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.</p><p><blockquote>以前，解冻、未稀释的疫苗瓶可以在冰箱中储存长达五天。Moderna的疫苗在首次使用前可以在2至8°C的冰箱中储存长达30天。</blockquote></p><p> NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.</p><p><blockquote>NVX-CoV2373在2°-8°C下储存稳定，允许使用现有的疫苗供应链渠道进行分销。它被包装在10剂小瓶中的即用型液体制剂中。</blockquote></p><p> <b>Vaccine Efficacy:</b>&nbsp;Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven&nbsp;days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.</p><p><blockquote><b>疫苗效力：</b>辉瑞-BioNTech去年12月发布的3期试验中期数据显示，该疫苗耐受性良好，在第二剂疫苗接种后7天或更长时间内，在预防新冠肺炎方面表现出95%的疗效。第二次给药后长达六个月发布的更新顶线结果证实疗效为91.3%。</blockquote></p><p> The vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.</p><p><blockquote>该疫苗被发现对美国疾病控制和预防中心定义的严重疾病100%有效，对FDA定义的严重新冠肺炎95.3%有效。在实验室研究中，它也被证明对英国菌株有效。</blockquote></p><p> Moderna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.</p><p><blockquote>Moderna的疫苗对新冠肺炎的有效性为94.1%。该公司于5月宣布了其2期研究的初步数据，显示向先前接种疫苗的个体给予50微克剂量的mRNA-1273或mRNA-1273.351作为加强剂，增加了针对新型冠状病毒病毒和两种令人担忧的变异体的中和抗体滴度反应，B.1.351，首次在南非发现，P.1，首次在巴西发现。</blockquote></p><p> Novavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.</p><p><blockquote>Novavax的研究疫苗对中度和重度疾病表现出100%的保护作用，不涉及令人担忧的变异体或感兴趣的变异体。</blockquote></p><p> Against variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.</p><p><blockquote>针对关注变异体和感兴趣变异体，疗效为93.2%，在高危人群（定义为65岁以上或65岁以下，患有某些合并症或经常暴露于新冠肺炎的情况）中，疗效为91%。</blockquote></p><p> Overall efficacy was 90.4%, meeting the primary endpoint.</p><p><blockquote>总疗效为90.4%，达到主要终点。</blockquote></p><p></p><p> <b>Cantor Fitzgerald On Novavax's Vaccine:</b>A differentiating factor for NVX-2373&nbsp;is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.</p><p><blockquote><b>坎托·菲茨杰拉德谈Novavax的疫苗：</b>Cantor Fitzgerald分析师Charles Duncan在周一早间报告中表示，NVX-2373的一个与众不同之处在于，它对VoC/VoI表现出93.2%的疫苗效力，这证明了对多种新型冠状病毒毒株的保护作用。</blockquote></p><p> \"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.</p><p><blockquote>该分析师表示：“总体而言，这些结果增强了我们对新型冠状病毒候选疫苗‘2373具有差异化临床和物流特征的信念。”</blockquote></p><p> Showing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.</p><p><blockquote>他说，在两项3期临床试验中显示出对新毒株的功效，而不是从培养皿中进行的中和抗体测定中推断出潜在功效，这将NVX-CoV2373与其他获得紧急使用授权的疫苗区分开来。</blockquote></p><p> This profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.</p><p><blockquote>Cantor表示，这一概况降低了'2373新型冠状病毒预防性候选疫苗的监管/商业风险，并且随着2020年3月报告的NanoFlu 3期积极数据，应该会提高Novavax平台的整体形象。</blockquote></p><p> <b>Vaccine Safety Data:</b>Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from&nbsp;BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.</p><p><blockquote><b>疫苗安全性数据：</b>辉瑞-BioNTech的疫苗显示出良好的耐受性和安全性，BNT 162 B 2最常见的不良事件是注射部位的短暂、轻度至中度疼痛、疲劳和头痛，这些通常在两天内消退。</blockquote></p><p> For Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.</p><p><blockquote>对于Moderna，最常见的不良反应包括注射部位疼痛、疲劳、肌痛、关节痛、头痛和注射部位红斑/发红。在第二次给药后，mRNA-1273组中引起的不良反应的频率和严重程度增加。</blockquote></p><p> Preliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.</p><p><blockquote>Novavax试验的初步安全性数据显示，该疫苗总体耐受性良好。严重和严重不良事件的数量较少，并且在疫苗组和安慰剂组之间平衡。</blockquote></p><p> In assessing reactogenicity seven&nbsp;days after dose one&nbsp;and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.</p><p><blockquote>在第1剂和第2剂后7天评估反应原性时，注射部位疼痛和压痛（通常严重程度为轻度至中度）是最常见的局部症状，持续时间少于3天。疲劳、头痛和肌肉疼痛是最常见的全身症状，持续时间不到两天。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","NVAX":"诺瓦瓦克斯医药","PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167457915","content_text":"It was \"better late than never\" for Novavax, Inc.NVAX, as the biopharma finally got around to announcing interim results from the U.S. and Mexico leg of the Phase 3 study of NVX-CoV2371, its vaccine candidate against the novel coronavirus.\nHere's a comparative perspective of the vaccine candidates from Novavax, and the frontrunners, namelyPfizer Inc.PFE 0.05%-BioNTech SEBNTXandModerna, Inc.MRNA, both of which have authorized vaccines in the market.\nVaccine Type: Novavax's NVX-CoV2371 is a recombinant nano-particle protein-based COVID-19 vaccine that is packaged with the company's proprietary Matrix-M adjuvant.\nThe Pfizer-BioNTech and Moderna products are mRNA vaccines, or modern vaccines that work by using a genetic code called mRNA that instructs our immune cells to make spike protein, which is found on the surface of the virus that causes COVID-19.\nThis spike protein, though harmless, is capable of triggering our immune system to produce antibodies that offer protection against future infection.\nNovavax's vaccine is a protein adjuvant that contains the spike protein of the coronavirus itself, but formulated as a nanoparticle that cannot cause disease. The injected vaccine then stimulates the immune system to produce antibodies and T-cell immune responses.\nThe Vaccine Doses: The vaccines from each of the three companies require two doses. Each dose consists of 30 mcg for Pfizer and 100 mcg for Moderna, while for Novavax, each vaccine dose consists of 5 mcg of NVX-CoV2371 and 50 mcg of Matrix-M1 adjuvant that are co-formulated.\nThe interval between the two doses — the priming and booster dose — is 21 days each for Pfizer and Novavax and 28 days for Moderna.\nThe Target Population: The original late-stage trial of Pfizer-BioNTech evaluated the vaccine in participants ages 16 years and older. The trial enrolled 43,448 participants.\nModerna'sPhase 3 COVE study enrolled 30,000 participants ages 18 years and up.\nSince then, these two companies have obtained authorizations for their respective vaccines to be used in adolescents.\nBothcompanieshave also initiated studies in the pediatric population.\nNovavax's study enrolled 29,960 participants 18 years of age and older across 119 sites in the U.S. and Mexico. The placebo-controlled portion of PREVENT-19 continues in adolescents from 12 to less than 18 years of age and recently completed enrollment with 2,248 participants.\nVaccine Logistics: Pfizer recently secured FDA authorization for storing undiluted, thawed vaccine vials in the refrigerator at 2°C to 8°C for up to one month.\nPreviously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to five days. Moderna's vaccine can be stored refrigerated between 2° and 8°C for up to 30 days prior to first use.\nNVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing vaccine supply chain channels for its distribution. It is packaged in a ready-to-use liquid formulation in 10-dose vials.\nVaccine Efficacy: Interim data from Pfizer-BioNTech's Phase 3 trials released in December showed the vaccine was well-tolerated and demonstrated 95% efficacy in preventing COVID-19 in those without prior infection seven days or more after the second dose. Updated top-line results released for up to six months after the second dose confirmed efficacy at 91.3%.\nThe vaccine was found 100% effective against severe disease as defined by the U.S. Centers for Disease Control and Prevention, and 95.3% effective against severe COVID-19 as defined by the FDA. It was also proved effective against the U.K. strain in lab studies.\nModerna's vaccine showed efficacy of 94.1% against COVID-19. The company announced in May initial data from its Phase 2 study showing that a single 50 mcg dose of mRNA-1273 or mRNA-1273.351 given as a booster to previously vaccinated individuals increased neutralizing antibody titer responses against SARS-CoV-2 and two variants of concern, B.1.351, first identified in South Africa, and P.1, first identified in Brazil.\nNovavax's investigational vaccine demonstrated 100% protection against moderate and severe disease not involving variants of concern or variants of interest.\nAgainst variants of concern and variants of interest, the efficacy was 93.2% and in high-risk populations, defined as over 65 or under 65 years with certain comorbidities or having circumstances with frequent COVID-19 exposure, the efficacy was 91%.\nOverall efficacy was 90.4%, meeting the primary endpoint.\nCantor Fitzgerald On Novavax's Vaccine:A differentiating factor for NVX-2373 is that it showed vaccine efficacy of 93.2% against VoC/VoI, which demonstrates protection across a broad range of SARS-CoV-2 strains, Cantor Fitzgerald analyst Charles Duncan said in a Monday morning note.\n\"Overall, these results enhance our conviction for a differentiated clinical and logistics profile from the SARS-CoV-2 vaccine candidate ‘2373,\" the analyst said.\nShowing efficacy against new strains in two Phase 3 clinical trials, rather than extrapolating potential efficacy from a neutralizing antibody assay conducted in a petri dish, differentiates NVX-CoV2373 from other vaccines that have emergency use authorization, he said.\nThis profile, according to Cantor reduces regulatory/ commercial risk for the ‘2373 SARS-CoV-2 prophylactic vaccine candidate and, with positive Phase 3 data for NanoFlu reported in March 2020, should raise the profile for Novavax's platform as a whole.\nVaccine Safety Data:Pfizer-BioNTech's vaccine showed a favorable tolerability and safety profile, with the most common adverse events from BNT162b2 being transient, mild to moderate pain at the injection site, fatigue and headache, and these generally resolved within two days.\nFor Moderna, the most common adverse reactions included injection site pain, fatigue, myalgia, arthralgia, headache, and erythema/redness at the injection site. Solicited adverse reactions increased in frequency and severity in the mRNA-1273 group after the second dose.\nPreliminary safety data from Novavax's trial showed the vaccine to be generally well-tolerated. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups.\nIn assessing reactogenicity seven days after dose one and dose two, injection site pain and tenderness, generally mild to moderate in severity, were the most common local symptoms, lasting less than three days. Fatigue, headache and muscle pain were the most common systemic symptoms, lasting less than two days.","news_type":1,"symbols_score_info":{"NVAX":0.9,"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":2200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":371145504,"gmtCreate":1618923936508,"gmtModify":1634289884846,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/371145504","repostId":"1183974181","repostType":4,"repost":{"id":"1183974181","kind":"news","pubTimestamp":1618923331,"share":"https://www.laohu8.com/m/news/1183974181?lang=zh_CN&edition=full","pubTime":"2021-04-20 20:55","market":"fut","language":"en","title":"It’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183974181","media":"Barrons","summary":"Dreamstime\nDoge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO an","content":"<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/918e4e9df0517f6827d07217a0ef49f9\" tg-width=\"620\" tg-height=\"413\"><span>Dreamstime</span></p><p><blockquote><p class=\"t-img-caption\"><span>梦想时间</span></p></blockquote></p><p> Doge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.</p><p><blockquote>总督日到了，这是自Coinbase IPO和比特币涨至60,000美元以来加密货币领域发生的最大事件。</blockquote></p><p> Mainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.</p><p><blockquote>主流投资者如果没有听说过总督日，也是情有可原的。它是由狗狗币爱好者创建的，因为日内交易者试图将这种加密货币的价格（交易价格约为39美分）推高至1美元。</blockquote></p><p> Dogecoin was created as a joke, but&nbsp;the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from&nbsp;Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.</p><p><blockquote>Dogecoin是作为一个笑话创建的，但收益是非常真实的。在比特币和其他加密货币崛起以及特斯拉首席执行官Elon Musk定期向其5000多万粉丝发布推文的刺激下，狗狗币今年已从一枚硬币的几分之一升至超过40美分。</blockquote></p><p> That puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the&nbsp;GameStop&nbsp;of crypto markets.</p><p><blockquote>这使得所有狗狗币的市值约为500亿美元。这仍然是比特币1万亿美元市值的一小部分。这有点像加密货币市场的游戏驿站。</blockquote></p><p> Doge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.</p><p><blockquote>Doge Day开局不利，Dogecoin在周二早盘交易中下跌约3%。这是有道理的，如果说在加密货币市场有什么意义的话。金融资产价格总是在对实际事件的预期中波动，交易者通常会根据消息卖出。</blockquote></p><p> Maybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.</p><p><blockquote>也许狗狗币最终可以触及1美元，但交易者可能无法通过宣布狗狗日来实现这一目标。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Doge Day. What That Means for Dogecoin and Other Cryptocurrencies.<blockquote>今天是总督日。这对狗狗币和其他加密货币意味着什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-04-20 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/918e4e9df0517f6827d07217a0ef49f9\" tg-width=\"620\" tg-height=\"413\"><span>Dreamstime</span></p><p><blockquote><p class=\"t-img-caption\"><span>梦想时间</span></p></blockquote></p><p> Doge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.</p><p><blockquote>总督日到了，这是自Coinbase IPO和比特币涨至60,000美元以来加密货币领域发生的最大事件。</blockquote></p><p> Mainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.</p><p><blockquote>主流投资者如果没有听说过总督日，也是情有可原的。它是由狗狗币爱好者创建的，因为日内交易者试图将这种加密货币的价格（交易价格约为39美分）推高至1美元。</blockquote></p><p> Dogecoin was created as a joke, but&nbsp;the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from&nbsp;Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.</p><p><blockquote>Dogecoin是作为一个笑话创建的，但收益是非常真实的。在比特币和其他加密货币崛起以及特斯拉首席执行官Elon Musk定期向其5000多万粉丝发布推文的刺激下，狗狗币今年已从一枚硬币的几分之一升至超过40美分。</blockquote></p><p> That puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the&nbsp;GameStop&nbsp;of crypto markets.</p><p><blockquote>这使得所有狗狗币的市值约为500亿美元。这仍然是比特币1万亿美元市值的一小部分。这有点像加密货币市场的游戏驿站。</blockquote></p><p> Doge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.</p><p><blockquote>Doge Day开局不利，Dogecoin在周二早盘交易中下跌约3%。这是有道理的，如果说在加密货币市场有什么意义的话。金融资产价格总是在对实际事件的预期中波动，交易者通常会根据消息卖出。</blockquote></p><p> Maybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.</p><p><blockquote>也许狗狗币最终可以触及1美元，但交易者可能无法通过宣布狗狗日来实现这一目标。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/its-doge-day-what-that-means-for-dogecoin-and-other-cryptocurrencies-51618920970?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/its-doge-day-what-that-means-for-dogecoin-and-other-cryptocurrencies-51618920970?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183974181","content_text":"Dreamstime\nDoge Day is here and it’s the biggest thing to happen to crypto since the Coinbase IPO and Bitcoin’s rise to $60,000.\nMainstream investors can be forgiven if they haven’t heard of Doge Day. It was just created by Dogecoin enthusiasts as the day traders attempt to push the price of the cryptocurrency, which trades at around 39 cents, to $1.\nDogecoin was created as a joke, but the gains are very real. Spurred by the rise of Bitcoin and other cryptocurrencies and regular tweets from Tesla CEO Elon Musk to his 50 million-plus followers, Dogecoin has gone from a fraction of a cent to more than 40 cents a coin this year.\nThat puts the market value of all the Dogecoins out there at roughly $50 billion. That’s still a fraction of Bitcoin’s $1 trillion market value. It’s a little like the GameStop of crypto markets.\nDoge Day is off to an inauspicious start, with Dogecoin down about 3% in early Tuesday trading. That makes sense, if anything can be said to make sense in the crypto markets. Financial asset prices always move in anticipation of actual events, and traders typically sell on the news.\nMaybe Dogecoin can eventually hit $1, but traders probably can’t make it happen by declaring Doge Day.","news_type":1,"symbols_score_info":{"XBTmain":0.9,"GBTC":0.9,"BTCmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":345809851,"gmtCreate":1618294386173,"gmtModify":1634293890836,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345809851","repostId":"1190290079","repostType":4,"repost":{"id":"1190290079","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618294235,"share":"https://www.laohu8.com/m/news/1190290079?lang=zh_CN&edition=full","pubTime":"2021-04-13 14:10","market":"us","language":"en","title":"Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190290079","media":"Benzinga","summary":"Which is the better choice — buying regular shares of Tesla Inc (NASDAQ:TSLA) and other companies or","content":"<p>Which is the&nbsp;better choice — buying regular shares of&nbsp;<b>Tesla Inc</b>&nbsp;(NASDAQ:TSLA) and other companies or buying the securities in a token format?</p><p><blockquote>哪个是更好的选择-购买的普通股<b>特斯拉公司</b>（纳斯达克：TSLA）和其他公司还是以代币形式购买证券？</blockquote></p><p> <b>About Tokenized Shares:</b>Shares of several companies such as the Elon Musk-led automaker Tesla,&nbsp;<b>GameStop Corp</b>&nbsp;(NYSE:GME), and&nbsp;<b>Amazon.com, Inc</b>&nbsp;(NASDAQ:AMZN)&nbsp;are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.</p><p><blockquote><b>关于代币化股份：</b>Elon Musk领导的汽车制造商特斯拉等多家公司的股票，<b>游戏驿站公司</b>（纽约证券交易所代码：GME），以及<b>亚马逊公司</b>（纳斯达克股票代码：AMZN）现在可以作为“代币化股票”提供。简而言之，这些是指代表公司或实体股权的数字代币的创建和发行。</blockquote></p><p> <b>Where To Buy These Shares:</b>Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up&nbsp;Tesla as the first token listing.</p><p><blockquote><b>在哪里购买这些股票：</b>代币化股票可通过Bittrex和FTX等多家交易所购买。周一，币安还推出了这些类型的股票，将特斯拉作为第一个代币上市。</blockquote></p><p> Binance is pricing the stocks and carrying out settlements in&nbsp;<b>Binance USD</b>&nbsp;(BUSD) stablecoin.&nbsp; Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.</p><p><blockquote>币安正在对股票定价并进行结算<b>币安美元</b>(BUSD)稳定币。当地法规可能适用，限制购买股票代币。例如，币安在土耳其、中国和其他一些受限制的司法管辖区不提供此类代币。</blockquote></p><p> <b>Why Tokenized Shares:</b>A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker&nbsp;through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.</p><p><blockquote><b>为什么代币化股票：</b>代币化股票的一个据称优势是更大的灵活性。例如，币安将允许投资者交易至少百分之一的股票代币。这意味着，如果投资者购买特斯拉的普通股票，他们将需要支付近700美元，他们可以通过股票代币以低至7美元的价格投资这家汽车制造商。特斯拉股价周一收盘上涨近3.7%，至701.98美元。</blockquote></p><p> Some exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.</p><p><blockquote>Bittrex等一些交易所允许每周7天、每天24小时交易。对于普通股票来说，这是不可能的，因为普通股票必须在市场运作的特定时间进行交易。这也带来了所谓的流动性好处，因为这些代币股票可以随时出售。</blockquote></p><p> <b>Corporate Actions And Token Stocks:</b>As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.</p><p><blockquote><b>公司行动和代币股票：</b>根据Bittrex和币安等交易所的规定，代币股票的持有者有权获得股息和因基础证券所有权而产生的其他利益。</blockquote></p><p> “Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.</p><p><blockquote>币安在一份声明中表示：“股票代币持有者有资格获得基础股权的资本回报，包括潜在的股息和股票分割，就像他们持有传统股票一样。”</blockquote></p><p> <b>Should You Buy Tokenized Shares:</b>Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.&nbsp; The exchange said dividends on such tokens would be paid out subject to tax withholding.</p><p><blockquote><b>您是否应该购买代币化股票：</b>Bittrex在其网页上表示，预计“这些股票不会行使投票权”，但为其代币股票提供动力的公司可能会自行决定这样做。该交易所表示，此类代币的股息将在预扣税的情况下支付。</blockquote></p><p> “It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.</p><p><blockquote>Bittrex在其网站上表示：“每个用户都有责任了解他们收到的任何股息的税务后果。”</blockquote></p><p> Another issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.</p><p><blockquote>另一个问题是适用的费用，虽然一些交易所可能不收取佣金，但当用户首先购买加密货币时，费用或溢价可能会逐渐增加。然而，加密货币的现有持有者现在有了一个新的股票入口。</blockquote></p><p> Regulatory clarity on cryptocurrencies is still an issue, alongside&nbsp;concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according&nbsp;to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.</p><p><blockquote>加密货币的监管清晰度仍然是一个问题，此外还有之前加密货币资产被盗和黑客攻击等担忧。据Block称，美国证券交易委员会前主席杰伊·克莱顿(Jay Clayton)在10月份表示，所有股票有一天都可能被代币化。目前，包括特斯拉在内的一些股票肯定可以作为代币股票进行交易。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?<blockquote>以代币而不是实际股票购买特斯拉股票是更好的选择吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-04-13 14:10</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Which is the&nbsp;better choice — buying regular shares of&nbsp;<b>Tesla Inc</b>&nbsp;(NASDAQ:TSLA) and other companies or buying the securities in a token format?</p><p><blockquote>哪个是更好的选择-购买的普通股<b>特斯拉公司</b>（纳斯达克：TSLA）和其他公司还是以代币形式购买证券？</blockquote></p><p> <b>About Tokenized Shares:</b>Shares of several companies such as the Elon Musk-led automaker Tesla,&nbsp;<b>GameStop Corp</b>&nbsp;(NYSE:GME), and&nbsp;<b>Amazon.com, Inc</b>&nbsp;(NASDAQ:AMZN)&nbsp;are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.</p><p><blockquote><b>关于代币化股份：</b>Elon Musk领导的汽车制造商特斯拉等多家公司的股票，<b>游戏驿站公司</b>（纽约证券交易所代码：GME），以及<b>亚马逊公司</b>（纳斯达克股票代码：AMZN）现在可以作为“代币化股票”提供。简而言之，这些是指代表公司或实体股权的数字代币的创建和发行。</blockquote></p><p> <b>Where To Buy These Shares:</b>Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up&nbsp;Tesla as the first token listing.</p><p><blockquote><b>在哪里购买这些股票：</b>代币化股票可通过Bittrex和FTX等多家交易所购买。周一，币安还推出了这些类型的股票，将特斯拉作为第一个代币上市。</blockquote></p><p> Binance is pricing the stocks and carrying out settlements in&nbsp;<b>Binance USD</b>&nbsp;(BUSD) stablecoin.&nbsp; Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.</p><p><blockquote>币安正在对股票定价并进行结算<b>币安美元</b>(BUSD)稳定币。当地法规可能适用，限制购买股票代币。例如，币安在土耳其、中国和其他一些受限制的司法管辖区不提供此类代币。</blockquote></p><p> <b>Why Tokenized Shares:</b>A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker&nbsp;through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.</p><p><blockquote><b>为什么代币化股票：</b>代币化股票的一个据称优势是更大的灵活性。例如，币安将允许投资者交易至少百分之一的股票代币。这意味着，如果投资者购买特斯拉的普通股票，他们将需要支付近700美元，他们可以通过股票代币以低至7美元的价格投资这家汽车制造商。特斯拉股价周一收盘上涨近3.7%，至701.98美元。</blockquote></p><p> Some exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.</p><p><blockquote>Bittrex等一些交易所允许每周7天、每天24小时交易。对于普通股票来说，这是不可能的，因为普通股票必须在市场运作的特定时间进行交易。这也带来了所谓的流动性好处，因为这些代币股票可以随时出售。</blockquote></p><p> <b>Corporate Actions And Token Stocks:</b>As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.</p><p><blockquote><b>公司行动和代币股票：</b>根据Bittrex和币安等交易所的规定，代币股票的持有者有权获得股息和因基础证券所有权而产生的其他利益。</blockquote></p><p> “Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.</p><p><blockquote>币安在一份声明中表示：“股票代币持有者有资格获得基础股权的资本回报，包括潜在的股息和股票分割，就像他们持有传统股票一样。”</blockquote></p><p> <b>Should You Buy Tokenized Shares:</b>Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.&nbsp; The exchange said dividends on such tokens would be paid out subject to tax withholding.</p><p><blockquote><b>您是否应该购买代币化股票：</b>Bittrex在其网页上表示，预计“这些股票不会行使投票权”，但为其代币股票提供动力的公司可能会自行决定这样做。该交易所表示，此类代币的股息将在预扣税的情况下支付。</blockquote></p><p> “It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.</p><p><blockquote>Bittrex在其网站上表示：“每个用户都有责任了解他们收到的任何股息的税务后果。”</blockquote></p><p> Another issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.</p><p><blockquote>另一个问题是适用的费用，虽然一些交易所可能不收取佣金，但当用户首先购买加密货币时，费用或溢价可能会逐渐增加。然而，加密货币的现有持有者现在有了一个新的股票入口。</blockquote></p><p> Regulatory clarity on cryptocurrencies is still an issue, alongside&nbsp;concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according&nbsp;to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.</p><p><blockquote>加密货币的监管清晰度仍然是一个问题，此外还有之前加密货币资产被盗和黑客攻击等担忧。据Block称，美国证券交易委员会前主席杰伊·克莱顿(Jay Clayton)在10月份表示，所有股票有一天都可能被代币化。目前，包括特斯拉在内的一些股票肯定可以作为代币股票进行交易。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190290079","content_text":"Which is the better choice — buying regular shares of Tesla Inc (NASDAQ:TSLA) and other companies or buying the securities in a token format?\nAbout Tokenized Shares:Shares of several companies such as the Elon Musk-led automaker Tesla, GameStop Corp (NYSE:GME), and Amazon.com, Inc (NASDAQ:AMZN) are now available as “tokenized stocks.” In short, these refer to the creation and issuance of digital tokens that represent equity shares in a company or entity.\nWhere To Buy These Shares:Tokenized stocks are available through a number of exchanges like Bittrex and FTX. On Monday, Binance also introduced these types of stocks putting up Tesla as the first token listing.\nBinance is pricing the stocks and carrying out settlements in Binance USD (BUSD) stablecoin.  Local regulations may apply, restricting the purchase of share tokens. Binance, for example, does not offer such tokens in Turkey, China, and some other restricted jurisdictions.\nWhy Tokenized Shares:A purported advantage of tokenized shares is greater flexibility. Binance, for example, will allow investors to trade a minimum of one-hundredth of a stock token. This means, if an investor purchased a regular share of Tesla, they would have to pay nearly $700, they could invest in the automaker through a share token for as little as $7. Tesla shares closed almost 3.7% higher at $701.98 on Monday.\nSome exchanges like Bittrex allow for 24-hour trading, seven days a week. This is not possible in the case of regular stocks, which must be traded during particular hours when the markets operate. This gives a supposed liquidity benefit as well since these token stocks can be sold at any time.\nCorporate Actions And Token Stocks:As per exchanges like Bittrex and Binance, holders of token stocks are entitled to dividends and other benefits arising out of ownership of the underlying securities.\n“Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares,” said Binance in a statement.\nShould You Buy Tokenized Shares:Bittrex says on its webpage that it is not anticipated “that the shares will exercise their voting rights” but the company powering its token shares may do so at its discretion.  The exchange said dividends on such tokens would be paid out subject to tax withholding.\n“It will be up to each user to understand the tax consequences of any dividends they receive,” said Bittrex on its website.\nAnother issue is the applicable fee, while some exchanges may not charge a commission, the fee or premium can creep in when users purchase cryptocurrencies in the first place. However, existing holders of cryptocurrencies now have a new gateway to stocks.\nRegulatory clarity on cryptocurrencies is still an issue, alongside concerns such as previous theft and hacking of cryptocurrency assets. The former Chairman of SEC, Jay Clayton, said in October that all stocks could become tokenized one day,according to the Block. For now, some stocks are definitely available for trading as token shares including that of Tesla.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345177525,"gmtCreate":1618294173567,"gmtModify":1634293891638,"author":{"id":"3561208971324104","authorId":"3561208971324104","name":"geminikewei","avatar":"https://static.tigerbbs.com/de0ff46ffab22b77b0e572d5aafa6c9a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561208971324104","authorIdStr":"3561208971324104"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/345177525","repostId":"1194635432","repostType":4,"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}