What is a stock split? A stock split is when a company decides to increase the number of shares by dividing its existing shares into additional shares. According to Business Insider stock splits don't provide any economic value to the company. They just reduce the stock's price, making it more affordable. Stock splits are often good signs for shareholders, attracting new investors and eventually leading to a share-price rise.
On Friday, US stocks made gains as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. Business Insider reports S&P 500 closed at a record high. On Thursday Pres. Donald Trump said he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election. The US reported 125,082 new coronavirus cases on Thursday. That brought the seven-day average to 163,831, according to the COVID Tracking Project. Deaths topped 254,000, and hospitalizations jumped above 90,000. The stock market's "fear gauge" fell as low as 19.51 on Friday, dropping amid low trading volumes to its lowest level since the pandemic began.
AstraZeneca and the University of Oxford are facing criticism over their COVID-19 vaccine trial results. According to Business Insider the criticism comes after AstraZeneca admitted to a mistake in the vaccine dosage. During the vaccine trial, some patients got two full doses of the vaccine. Others had a half-dose in their first shot, followed by a full dose. On Wednesday, an AstraZeneca executive described the "mistake" as "serendipity.
Former President Barack Obama threw some geographic shade at the Trump administration in an interview with Stephen Colbert on Tuesday. Business Insider reports Obama praised President-elect Joe Biden's foreign policy picks for the incoming administration. Obama said that he was looking forward to seeing an administration where people 'know where countries are.' In June 2017, President Donald Trump reportedly mispronounced Nepal and Bhutan as "Nipple" and "Button.
Rudy Giuliani is up against numerous calls for his license to practice law to be revoked. But the bar to disbarment is set very high, and legal experts are divided as to whether Giuliani's conduct has been egregious enough to merit such a harsh punishment. According to Business Insider, President Donald Trump's personal attorney has been criticized for frivolous, dishonest litigation.
A study led by the Cedars-Sinai Department of Neurosurgery has identified certain regions in the retina - the lining found in the back of the eye - that are more affected by Alzheimer's disease than other areas. The findings may help physicians predict changes in the brain as well as cognitive deterioration, even for patients experiencing the earliest signs of mild impairment. "These clues can occur very early on in the progression of Alzheimer's disease - several decades before symptoms appear," said Maya Koronyo-Hamaoui, Ph.D., associate professor of Neurosurgery and Biomedical Sciences and co-corresponding author of the study. The findings of the new study, published in the journal Alzheimer's and Dementia: Diagnosis, Assessment and Disease Monitoring, were from a clinical trial involving people older than 40 who were showing signs of cognitive decline. In the trial, investigators used a non-invasive technique known as sectoral retinal amyloid imaging to capture retinal images in participants. The retina, which is directly connected to the brain, is the only central nervous system tissue accessible for patient-friendly, high-resolution, and non-invasive imaging. The images were then analyzed using a new process that could identify certain peripheral regions in the retina that corresponded better to brain damage and cognitive status. Both studies show promise for diagnosing and treating Alzheimer's disease, a condition affecting more than 5.5 million people in the U.S., said Keith Black, MD, professor, and chair of the Department of Neurosurgery.
“We can see the end is coming but we can’t really get complacent until the end is really here,” said Thomas Unnasch, Ph.D., a distinguished university professor at the University of South Florida. He specializes in emerging infectious diseases.
More than 8.6 million Florida residents have already cast a ballot in the 2020 presidential race, and for some of them, including new citizen Carlos Flores and ex-felon Yraida Guanipa, it was the first time they voted in a U.S. election. This report produced by Yahaira Jacquez.