Tag: rush

Plastic Surgeons and Cannabis Startups Rush to Grab Coronavirus Trademarks

Plastic Surgeons and Cannabis Startups Rush to Grab Coronavirus Trademarks

Photo Illustration by Sarah Rogers/The Daily Beast / Photos Getty
Photo Illustration by Sarah Rogers/The Daily Beast / Photos Getty

The Healing Cabinet is a boutique cannabis dispensary supply company based near Santa Cruz. But in the weeks since the novel coronavirus swept across the country, it’s gotten into a different business: hand sanitizer.

THC, as the company is cleverly acronymed, is now selling a product branded as “COVID Killer,” an ethyl alcohol-based disinfectant marketed by a sister company called DHM Group. According to its Instagram page, COVID Killer is now available at Ace Hardware stores in the area.

Whether it remains in local retail or goes national, DHM is determined to protect its brand. Two weeks ago, the company applied for a trademark with the U.S. Patent and Trademark Office, hoping to claim sole ownership of the COVID Killer tagline. And they’re not the only ones who have branding on the mind as the pandemic lingers. 

Trademark applications filed

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How much do retirement homes cost?

CLO issuance falls 48% as rush of loan downgrades threatens investor distributions

By Kristen Haunss

NEW YORK, April 17 (LPC) – Issuance of US Collateralized Loan Obligations (CLOs) fell 48% in the first quarter as the coronavirus pandemic shut down global economies leading to a rush of loan downgrades that could cut off distributions to the fund’s most junior investors.

More than 140 companies, including 24 Hour Fitness and YRC Worldwide, have been downgraded to Caa1 or lower from Moody’s Investors Service or CCC+ or lower from S&P Global Ratings. The ratings dropped from a single B rating between February 20 and Wednesday, according to data compiled by Refinitiv LPC. A Caa1/CCC+ grade is just a few steps above default.

Defaults and a significant number of loans rated CCC can trigger tests within the CLO and cut off distributions to equity holders.

Analysts are saying payments could stop as soon as this month.

The US$680bn US CLO market is the biggest buyer

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Ventilator Tycoon Adds $3.7 Billion to Wealth on Demand Rush

Ventilator Tycoon Adds $3.7 Billion to Wealth on Demand Rush

(Bloomberg) — As the coronavirus pandemic wrecks economies, markets and fortunes, three founders of a company that makes ventilators have added a combined $7.3 billion to their wealth this year.

Shenzhen Mindray Bio-Medical Electronics Co. shares have climbed 41%, fueled by a surge in demand for the life-saving devices. Covid-19, the disease caused by the virus, has flooded hospitals worldwide with patients struggling to breathe.

Chairman Li Xiting, a Singapore citizen and the city-state’s richest man, has added $3.7 billion to his net worth this year and has a $12.7 billion fortune, according to the Bloomberg Billionaires Index. That puts him among the top five gainers in the world. Jeff Bezos — the world’s richest person — is up $3.4 billion, while Bill Gates is down $15.3 billion.

The global health crisis has exposed a shortage of ventilators — the equipment health-care providers rely on to keep critically sick patients

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Military Medical School to Graduate Students Early, Rush to COVID-19 Response

Military Medical School to Graduate Students Early, Rush to COVID-19 Response

For the first time in its 48-year history, the Uniformed Services University of the Health Sciences will graduate its fourth-year medical school students and graduate-level nurses early to support the U.S. military’s war on COVID-19.

Roughly 170 medical students and 60 graduate nursing students will depart USUHS in Bethesda, Maryland, between April 1 and April 17, to support the Defense Department’s coronavirus pandemic response.

The medical students, who are not yet licensed because they have not completed the required internships, will work under the supervision of licensed physicians in positions “appropriate within the limits of their duty stations,” such as screening patients and taking health histories, USUHS President Dr. Richard Thomas said in an interview Thursday with Military.com.

The nurses — all of whom have experience and will graduate with advanced degrees — will proceed directly to their assigned duty stations.

“For COVID-19, there’s a lot of extra work for

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U.S. companies, labs rush to produce blood test for coronavirus immunity

U.S. companies, labs rush to produce blood test for coronavirus immunity

By Chad Terhune, Allison Martell and Julie Steenhuysen

(Reuters) – As the United States works overtime to screen thousands for the novel coronavirus, a new blood test offers the chance to find out who may have immunity – a potential game changer in the battle to contain infections and get the economy back on track.

Several academic laboratories and medical companies are rushing to produce these blood tests, which can quickly identify disease-fighting antibodies in people who already have been infected but may have had mild symptoms or none at all. This is different from the current, sometimes hard-to-come-by diagnostic tests that draw on a nasal swab to confirm active infection.

“Ultimately, this (antibody test) might help us figure out who can get the country back to normal,” Florian Krammer, a professor in vaccinology at Mount Sinai’s Icahn School of Medicine, told Reuters. “People who are immune could be the

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