Voter Participation Center on COVID-19‘s Impact on Voting, Need to Invest in Vote By Mail
As COVID-19 continues to impact voting, and elected leaders make additional calls for investments in vote by mail, Page Gardner, founder and board chair of the Voter Participation Center, released the following statement today. The Voter Participation Center and its partner organization, the Center for Voter Information, run the nation’s largest mail-based voter registration and turnout programs, and work to help members of the Rising American Electorate - young people, unmarried women and people of color - register and vote. This month, the organizations are sending nearly 12 million pieces of registration mail to prospective voters in 20 states.
Coronavirus pandemic's impact on voting
“We are pleased to see additional calls, including by House Speaker Nancy Pelosi this week, for robust funding to increase voter participation amid the COVID-19 crisis, but there is more work to do. With this pandemic impacting 2020 elections across the country, the ability to vote by mail is more important than ever. To ensure strong voter participation, everyone should have the ability to request a vote-by-mail or absentee ballot.
"While we are deeply concerned about the coronavirus and the need to keep voters safe, we are equally worried about communicating with voters regarding any changes that could disrupt voting in many states. These changes could leave historically disadvantaged voters on the sidelines of our democracy and fundamentally weaken America’s system of democracy. We strongly encourage every state to offer an accessible mail-in voting option, but also to provide safe ways for voters to participate in primary and general elections in person. That will mean spending more resources to ensure safety at the polls, and to eliminate the long lines at polling locations.
Additional Funding For The U.S. Postal Service
“It's vital that the U.S. Postal Service also receives additional funding to ensure that every ballot is delivered expeditiously, and counted. Any lack of funding will threaten the very fundamentals of our democracy and further disenfranchise the Rising American Electorate, a critical voting bloc of unmarried women, people of color and young people. Mail is a nearly universal tool we can use to reach people at this time of crisis, especially as door-to-door voter registration and engagement is on hold, and ensure all voices are heard. The Voter Participation Center and the Center for Voter Information are working to fill any in-person organizing gaps with enhanced and expanded mail, digital and text programs to reach as many citizens as possible and make sure they can register to vote.”
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Is Biotech ripe for investment yet?
It’s a great time to be looking for opportunities in biotech as the sector is near the bottom, says MPM Capital’s Dr Christiana Bardon. Biotech has…
It’s a great time to be looking for opportunities in biotech as the sector is near the bottom, says MPM Capital’s Dr Christiana Bardon.
Biotech has been in correction over the past eight months
What many see as a sharp decline in biotech, Dr Bardon dubs an overdue correction after a prolonged period of “too much enthusiasm” due to the COVID pandemic. Speaking with CNBC’s Leslie Picker, she said:
The long-term prospects for this industry look as great as ever. The demographics of the aging population means we’ll need new drugs, the support of regulatory environment, and finally the third fundamental is innovation at record high levels.
The iShares Biotech ETF is down 25% from its high in August 2021, but Dr Bardon is focused on the long term. She sees an upward trend in biotech over the next thirty years.
Dr Bardon is particularly interested in Oncology within Biotech
According to the Harvard-trained medical doctor, investors should focus on areas within Biotech that are committed to addressing unmet medical needs, such as Oncology. She added:
Oncology continues to be an exciting area of Biotech. Within Oncology, we’re seeing incredible innovation primarily because of the genomics revolution. And then the regulatory environment is very supportive of cancer drug development.
Dr Bardon sees the U.S. as a global leader in biotech and reiterates that it was this industry that helped the world pull out of the Coronavirus crisis.etf pandemic coronavirus
ironSource CEO: gaming is more than just a COVID play
The VanEck Video Gaming and eSports ETF (ESPO) is up nearly 100% since the start of the pandemic, and ironSource Ltd (NYSE: IS) CEO Tomer Bar Zeev doesn’t see an end to this trend in the near future. Highlights from Zeev’s interview on CNBC’s ‘TechCheck’.
The VanEck Video Gaming and eSports ETF (ESPO) is up nearly 100% since the start of the pandemic, and ironSource Ltd (NYSE: IS) CEO Tomer Bar Zeev doesn’t see an end to this trend in the near future.
Highlights from Zeev’s interview on CNBC’s ‘TechCheck’
Zeev agrees that video gaming and eSports was a beneficiary of the global pandemic but says the segment is now much more than just a COVID play. On CNBC’s “TechCheck”, he said:
When COVID started, we saw an uptick of roughly 10% in the time that users spent within games. As the world reopened, it pretty much stayed the same. So, we think it’s the new norm. We don’t think we’ll see any change in that regard.
According to Statista, much of the increase in hours spent on video games was attributed to the new gamers in 2020 who turned to the industry in search of indoor means of entertainment amidst COVID restrictions.
Gaming is bigger than film and music combined
According to Zeev, gaming is the fastest-growing segment within the app economy, and it will continue to lead the industry on growth in gaming library as well as relevant platform software.
The gaming ecosystem within the app economy is growing super-fast. Gaming is the biggest part of the app economy, it’s bigger than the film industry and the music industry combined. So, it makes perfect sense that it will grow all around. It will continue to lead the app economy.
Earlier this week, Take-Two Interactive said it will buy Zynga Inc for $12.70 billion in cash and stock to expand its footprint in mobile gaming. Zeev expects such consolidation to continue as companies move to benefit from the fast-growing gaming economy.
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Omicron is not a threat for the retail sector in the short-term
Investors are responding rather strongly to reports of a new COVID variant of concern the WHO designated “Omicron” on Friday. But the former Walmart CEO Bill Simon is confident it doesn’t pose much of a threat for the retail sector in the short…
Investors are responding rather strongly to reports of a new COVID variant of concern the WHO designated “Omicron” on Friday. But the former Walmart CEO Bill Simon is confident it doesn’t pose much of a threat for the retail sector in the short term.
Simon’s remarks on CNBC’s ‘Closing Bell’
Bill expects consumer strength and holiday season to help the retail sector absorb this news with minimal reaction. On CNBC’s “Closing Bell”, he said:
People were out shopping today, looking for deals. Stores were crowded, prices were very good and aggressive, particularly in the big-box chains. So, in the short run, with the Black Friday weekend and everything else going on, I don’t think you’ll see much of a reaction.
He refrained from commenting on the long-term impact of the new variant on the retail sector and said it would depend on how the situation unravels. The SPDR S&P Retail ETF is down more than 3.0% on Friday.
Retail has been divided into winners and losers
During the same interview, BMO Capital Markets’ Simeon Siegel said the retail sector was no longer moving in unison; the pandemic had split it into winners and losers.
The question is, who has the pricing power versus who saw fewer promotions. All of them will deal with externalities, whether it’s the variant or the supply chain. But what brands actually structurally improved their business through the pandemic; that’s the dynamic.
According to Siegel, the recent earnings season already made this division evident. On the one hand, we had companies like Capri Holdings that jumped about 20% after reporting results for the latest quarter, and on the other, there was Nordstrom that was down the same after its quarterly report.
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