staff at this university hospital in tokyo started giving out the novavax shot on friday. they will be keeping an eye on how it performs. the vaccine is protein based, not developed using mrna. this means it could be used by people who had an allergic reaction to the pfizer and moderna shots. >> translator: what we are hoping is that the novavax vaccine will have few side effects, so we can safely administer it and give everyone some peace of mind. >> the hospital plans to give the shots to 500 people and track their condition for four weeks. it's already been given out across japan with municipalities expected to receive 5 million doses by the end of july. >>> the u.s. secretary of state but, america's largest gun lobby could stand in the way. the national rifle association opposes stricter controls and is a major funder of the republican party. the group's three day annual meeting stars friday in houston, texas. former president donald trump is scheduled to speak. as details of the recent shooting comes to light, parents are questioning the sed of law enforcement respons

novavax reported the first profitable quarter from the vaccine rollout.ck three is upstart intelligence company it is the disaster of the day. shares are down more than 45%. that's right 45% on disappointing results they topped estimates. expectations were higher guidance was not good. upstart down 46% in the pre-market that is brutal >>> we are rounding the turn here in the 5:00 hour. still ahead on "worldwide exchange." the morning rbi and the top strategists and their year-end price targets and just how wrong r.st about everyone has been so fa numbers you have to see after this as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. p

>> novavax is a vaccine that uses recommit technologies. it's more traditional in the sense that it's a protein vaccine. it's approved in many countries including the eu. it is now going through the fda process, hopefully this will be something that we see get an emergency use authorization and the next couple of weeks. i don't know with that timeline. as it has been delayed somewhat united states. i think it's important. we still have 33% of the u.s. population that's not fully vaccinated. maybe some of them have had hesitancy regarding the nra vaccine or the j.j. vaccine. this is an another way to get the vaccination rate higher. it's another tool to use, especially when we talk about mixing and matching, trying to find out the optimal vaccine mix. >> let's go to jerry and, chester, virginia. >> doctor adalja, thank you for taking my call. i have chronic lung disease. i was wondering, i got my second booster on january 19th of this year. the pfizer vaccine. i was wondering is there, now it's been, what? for months. have they've been talki

um one last company i'll talk about is novavax. novavax is a company outside of washington dc and they spent years developing different vaccines and by early in january 2020 again on the eve of this pandemic. there's stock was about three dollars a share. they only had money to last for a few months and then we're gonna go bankrupt employees. we're sending resumes out. and yet they risked it all and said, hey, we're gonna try to to develop a vaccine for covid. and they developed a really effective one. we don't need it right now. we have so many good ones in the united states, but elsewhere it's gonna prove really a helpful and already it's in some countries in asia and it's gonna be in africa too. so very very much unexpected here in an unexpected achievement. so i'm gonna talk briefly about so i talked already about unexpected heroes now, i'm gonna talk about an unexpected approach and that is mrna and i assume we're all familiar with the term. we know mrna stands for messenger rna, which i'm sure some people are experts in or fa

they will also meet in june to discuss novavax's request for emergency use of its vaccine.g has enforced new restrictions but stopped short of a lockdown. all residents will have to go through three rounds of mandatory testing. still ahead on abc 7 news, a south bay school is doing more than just bringing students together. how this circle of friends is making a difference. spencer: get ready for a week of changing weather patterns coming up. oh, wow barbara corcoran! good morning. sorry, but we don't need any business help now. we're gigillionaires. what? we're gigillionaires now. i don't get it we have at&t business fiber with hyper-gig speeds. -but i just... -so thanks, we're doing great. i'm so happy for you! but i'm just here for my order. oh. entre-pin-eurs? yeah, my bowling team. i like it. there's money in puns. do business like a gigillionaire at&t business fiber, now with speeds up to 5-gigs. limited availability. i'm 53, but in my mind i'm still 35. at&t business fiber, now with speeds up to 5-gigs. that's why i take osteo bi-flex to keep my moving the way i was

iran down and got this a book review by michael novavax and there it was. i got his book eventually read it after some trouble, read it thirsty person off the desert drinking water. and there it was it was reconciled finally someone was telling the truth. and i went to st. louis this is 76 and 78 and working at monsanto, someone said they don't how passionate i am about this thomas guy. nay mentioned he is going to be at washington university lawwh school where he was on a panel with ruth bader ginsburg. and so i go over and i have followed the poor man around. he was trying to live chat leave and i was a stocker. and i admit it. he signed my book, he autographed my book and looked at me awkwardly. i would see him again after he moved to washington won a bunch of black staffers were giving him a hard time and i defended him. he would come over to my office i shared with three others and we would talk. he took my number and i took his. calling him teammates will forget the number if he gives a number burn it you'll never get it. i learned that the hard way.

the fda has announced a meeting next month to talk about the novavax request for emergency use authorizationthe request has been pending since january. officials in beijing have enacted sweeping new reforms but have stopped short of a full lockdown. new variations of the covid virus or causing concern globally, which is made getting hold of cover treatments even more challenging. i spoke with a special correspondent about the confusion when it comes to test to treat options. >> this one is going viral for good reason. no one should have to navigate this kind of maze to get paxlovid or any other early therapeutic. time is always of the essence, even on weekends. look at the steps she had to go through to get her high risk teenager paxlovid, including going to multiple drugstores. going to urgent care and trying to get a prescription. she recognizes she is privileged and has knowledge that others may not have the time and resources to go and advocate for themselves. kristen: i was going to ask you about paxlovid. the whole test to treat means you go to the pharmacy, you test positive, the phar

the fda has announced a meeting next month to talk about novavax's request for emergency use authorization request has been pending since january. officials in beijing have enacted sweeping new restrictions as cases surge, but stop short of a whole lockdown. nearly all of the city's 22 million residents will have to go through three rounds of mandatory covid testing. kumasi: new zealand has reopened to tourists after a two-year lockout because of the pandemic. tourists from the u.s., u.k., canada and 50 other countries are able to get back into new zealand after restrictions were dropped. you can see emotional reunions at the airport in auckland yesterday, for today, actually. one man traveled all the way from ohio to meet his partner at the airport. >> it has been two years in suspension wondering if or when or if the mama was even going to come. kumasi: more than 3 million tourists visited annually before the pandemic. the real test will be when the southern hemisphere summer starts in december. waking up to a sideshow. the early morning noise of fireworks and screeching tires in san fra

and novavax reported the first profitable quarter thanks to the vaccine rollout. speaking of saddam hussein, i was reading the stuff putin was saying yesterday hemarbles. >> or he thinks he can make people believe anything. >> i was just reading it >>> shares of upstart plunging it cut the forecast for the full year warning that the macro environment would weigh on loan v volume the revenue range is short of the $335 million analysts expected that guidance is overshadowing it was victory day over world war ii he is drawing all the parallels like it is the same thing happening today. they had to preempt. >> victory day they originally thought he would say he had taken ukraine. >> he did not say he was going to ramp thing up either. i don't know >>> in the meantime, the picture we had been talking about. andy warhol's picture of marilyn monroe sold for $195 million at christi's last night becoming the most expensive work of the american art ever sold. a bold opening salvo for au auctioning season. they plan to sell $2 billion of art in the next two weeks. the buyer

jim mentions upstart we can probably through plug in there as well and novavax. >> these are stocks thatre being -- they're still being pushed down. the cathy woods stocks are just annihilated. she's given it all back. when she buys something, it is always right and people are tired of that people are very tired of that. and i think it's really important to point out that a lot of people who were negative on the market are -- just feel for a trade it's worth it. just a trade i think it's important when you get these situations where you're chattering with people who are really good that you like and they say it's a trade, you don't want it make seem like they're drawing a line in the sand. bio haven, i've had them on a number of times. this gets rid of my migraine in 15 minutes i was getting 27 migraines a month. but this thing changed my life and i've had him on -- i've had vlad on a number of times. pfizer bought a stake. this is a miracle drug that most people are not aware of. when you have this m&a -- >> we're going to talk about this we're going to talk about this deal after our ne

super micro, western digital, along with novavax, roku, they're all headed higher on the week so it looksmore of a stock picker's market, but the nasdaq extending its losses >>> let's bring in wedbush joe colina to talk about the week we've had and the weeks to come. a lot has been made of relative strength in cloud, or at least enterprise demand. i wonder if you think that's at risk now, if asset values and budgets get a harder look going into the second half good morning thanks for having me on. i think one theme of earning season has corporate cloud demand has been robust so i think cloud demand is not going away we'll still see shifting to the cloud in the years ahead, but clearly you want to stick to a more valued names in that basket i was looking at my screen yesterday, and snowflake was probably the most inbound that i got from my clients. there were three stocks that were trading north of 40 times sales -- snowflake, cloudflare, and look at them today there's just no appetite for these stocks still trading at elevated valuations just kind of amazing how quickly, you know, sentime

and next month they will also review a covid vaccine for adults made by maryland based novavax. >> alsorning with soaring inflation driving up prices on many every day items, lot of americans are choosing to simply go without things they can no longer afford in order to keep things in check. the federal reserve is already raised certain interest rates. and another hike could come this week nbc's sam brock is in miami for us hey sam, good morning. >> hi hoda good morning what people are understandably worried about right now about spending nearly $7 for a loaf of bread. 70 dollars to fill up your gas tank not to mentions that rents are rising astronomically right now. but consumer demand remains strong job growth is healthy. signs hopefully that we can weather this storm this morning as the economy is shrinking, so too are peoples wallets. trained from everything by soaring staples like milk and egg to fuel for your car it is forces people to make difficult choices. a mother of two just had a new $200 rent hike kick in >> -- enough to get me where i need to be and get back home as far as

which is baffling for wall street, but it's clear that the vaccine itself is not a blockbuster and novavaxket. stuart: i've got a question about crypto. crypto investment, i'm told, are concerned after the stablecoin dropped in value. my first question is why should i care, second sku explain it? >> okay, you should care because obviously this gives ammunition to elizabeth warren's in d.c. and janet yellen because they have been calling for more regulation over these so-called stablecoins and this [inaudible] stuart: okay, i think that -- i'm sorry, susan we had an audio problem there and i'm not sure whether we can fix it or not so keep going, please. i understand we're okay now. go. >> well, okay, so stablecoins, i'm going to try to explain what a stablecoin is to you first, okay? so it's a dollar in the bank, meaning it should be, you put a dollar in, it should be backed by collateral of a dollar in the bank and that's how you move money across crypto exchanges, to buy and sell different cryptocurrencies; however, in this case, a dollar only meant $ 0.70 last night. that's a big deal. i