Big tech’s record run in early innings


He hit No. 1 on Institutional Investor’s all-star analyst list for software 17 times in a row.

Now as an investment banker, Rick Sherlund is a tech power player who believes the group’s record run is in the early innings.

During Tuesday’s exclusive interview on CNBC”s “Trading Nation,” he delivered a bullish case for tech, emphasizing demand for cutting-edge software as the U.S. battles the fallout from the coronavirus pandemic.

“Software is not only eating the world, it’s leading the market higher,” said the Bank of America Merrill Lynch vice chairman of technology investment banking. “Covid has accelerated the momentum

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Novavax generates promising immune response in early stage trial


Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19.

Andrew Caballero-Reynolds | AFP | Getty Images

Novavax’s potential vaccine to prevent Covid-19 generated a promising immune response in an early-stage clinical trial, the U.S.-based biotech firm announced Tuesday.

The phase one trial included 131 healthy participants between ages 18 and 59 at two sites in Australia. Novavax said 106 participants received one of four dose

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Vietnam braces for fresh wave of coronavirus despite early success in containing outbreak


A propaganda poster on preventing the spread of Covid-19 is seen on a wall as a man smokes a cigarette along a street in Hanoi on April 29, 2020.

Manan Vatsyayana | AFP | Getty Images

Vietnam, once praised for its success in containing the coronavirus outbreak, is now battling a resurgence in cases and has warned that the disease could spread wider across the country.

The Southeast Asian country — which shares a border with China, where the virus first emerged — had not recorded any locally transmitted cases for more than three months before a 57-year-old resident of

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Trump says he still thinks hydroxychloroquine works in treating early stage coronavirus


President Donald Trump said Tuesday he still thinks hydroxychloroquine works against Covid-19, despite mounting evidence that the malaria drug is ineffective in treating the virus. 

Trump was asked by a reporter about a video Trump shared on Twitter that went viral across social media platforms that claimed hydroxychloroquine is “a cure for Covid” and “you don’t need a mask” to slow the spread of coronavirus. The video was later labeled as containing misleading information and has since been taken down.

“I wasn’t making claims,” Trump said of his tweet, noting that he was passing along recommendations from other people, including

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