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How do you like them apples?Apple just became the first American public company to cross trillion in value.The iPhone maker achieved that big number on Thursday when the stock passed 7.04 a share. Apple is now up more than 20% this year.Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.Even though some think Apple needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X -- particularly in China and Japan -- and surging services revenue from the App Store.Related: Apple is showering its investors with cashApple is benefiting from investor euphoria surrounding the tech sector broadly as well -- and it could soon have company in the trillion dollar club.Amazon, Google owner Alphabet and Microsoft have all rallied to near record highs this year, too. Amazon is worth nearly 0 billion while Google and Microsoft are each now worth more than 0 billion.Apple is not the first publicly traded company in the world to surpass the trillion dollar mark though.Oil giant PetroChina briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward. PetroChina, which is also listed on the New York Stock Exchange, is now worth about 5 billion.The-CNN-Wire 1375
I found out that my TV Dad #TomSelleck has generously accepted the #2020TipChallenge at Elios Upper East Side!Love ya dad. ??I didn’t start it but I’m proud to be part of it. To those who gave even the smallest extra amount this year — THANK YOU.#spreadloveandlovewillspread pic.twitter.com/1NcEswVbsO— Donnie Wahlberg (@DonnieWahlberg) December 24, 2020 368
If you weren't able to make it to the failed Fyre Festival, the U.S. Marshals are making it possible for you to own a piece of merchandise from the botched 2017 music festival.Consumers will be able to purchase t-shirts, baseball caps, and other merchandise online through the U.S. Marshals' auctioneer, Gaston & Sheehan. 333
In a memo sent to state governors, the federal government says that states should be prepared to begin distribution of COVID-19 vaccines to the public this fall.The memo signed by CDC head Robert Redfield told governors that the federal government has contracted with the McKesson Corporation to assist in distributing the vaccine to local and state health departments, medical facilities, doctor officers, and other vaccine providers.In the letter, Redfield requested governors to waive any regulatory barriers that would prevent McKesson from operating distribution facilities. Redfield said the goal is to have these facilities operational by November 1.According to McKesson, the company provides “next-day deliveries” to pharmacies and has a nationwide network of distribution centers.While there is urgency for both public health and economic reasons for a vaccine, some experts have expressed concern over the speed of a vaccine and whether the expedited timeline is long enough to demonstrate efficacy. Dr. Anthony Fauci told NBC News on Wednesday that he believes a “safe and effective” vaccine could be ready by the end of the year."I believe that by the time we get to the end of this calendar year, that we will feel comfortable that we do have a safe and effective vaccine," he told NBC News.On Monday, a third vaccine candidate entered “Phase 3” trials in the US. AstraZeneca is testing its COVID-19 vaccine candidate for 30,000 participants. The AstraZeneca vaccine would come in two separate doses, according to the National Institutes of Health.Even though a vaccine could be ready by year’s end, trials will be expected to continue for over a year to monitor for possible side effects.According to the FDA, a typical Phase 3 trial would take one to three years.“NIH is committed to supporting several Phase 3 vaccine trials to increase the odds that one or more will be effective in preventing COVID-19 and put us on the road to recovery from this devastating pandemic,” said NIH Director Francis S. Collins, M.D., Ph.D. “We also know that preventing this disease could require multiple vaccines and we’re investing in those that we believe have the greatest potential for success.” 2208
In April, President Donald Trump announced that the United States would withdraw from the World Health Organization, accusing the organization for failing to oversee the onset of the coronavirus as it began to spread in China.In recent days, President-elect Joe Biden said he intends on returning the United States to the WHO.The United States is the largest contributor to the WHO, which was formed in 1948 by the United Nations According to the WHO, the United States provided 14.67% of funding to the organization.One of the WHO’s top missions is to stop the spread of preventable diseases. While polio has been eradicated in the United States, the WHO says it expects to spend .6 billion from 2019 through 2023 on polio eradication. Nearly 36% of the WHO’s budget alone goes toward polio eradication.Besides polio eradication, the WHO says funds from the US are used for outbreak and crisis response, vaccines of preventable diseases and reproductive health. The WHO says 19% of its budget goes toward crisis and outbreak response.But this has been an area of scrutiny for the WHO. Leading the criticism is Trump."Today I'm instructing my administration to halt funding of the WHO while a review is conducted to assess the WHO's role in severely mismanaging and covering up the spread of the coronavirus," Trump said in April.The WHO was arguably slow for declaring the virus a "pandemic," as it was not until March 11 when the WHO declared COVID-19 a global pandemic. 1482