Johnson & Johnson Hunts Dengue Fever Drug and 2 Other Dow Movers to Watch
Johnson & Johnson (NYSE:JNJ): Current price $86.86
The iconic U.S. company is searching for drugs with which to treat dengue fever by partnering with academic researchers in Belgium and the Wellcome Trust medical charity. Presently, there exists no drug treatment or vaccine for the mosquito-borne viral disease, which is also known as “breakbone fever” due to the excruciating pain it can cause.
The collaboration between J&J’s Janssen division and researchers at the University of Leuven, who get support from Wellcome, will build on the discovery of a series of chemical compounds which are quite potent in preventing the replication of dengue virus.
McDonald’s Corp. (NYSE:MCD): Current price $94.97
Early Thursday, fast-food workers staged work stoppages at McDonald’s and Burger King while demonstrating at other stores in sixty cities in their latest action in an almost year-long campaign to raise wages in the service sector. The strikes spread rapidly across the United States and have shut down restaurants in Milwaukee, New York, Chicago, Detroit, St. Louis, Raleigh and Seattle, said organizers.
The workers want to form unions in the nearly union-free sector without employer retaliation, and bargain for higher pay, demanding wages of $15 per hour, up from $7.25, which is the federal minimum wage. Community organizer Martin Rafanan in St. Louis said that local employees of McDonald’s and Wendy’s can not get by on the current salaries, remarking that, “If you’re paying $7.35 an hour and employing someone for 20, 25 hours a week, which is the average here, they’re bringing home about $10,000 a year. You can’t survive on that.”
E.I. DuPont de Nemours & Co. (NYSE:DD): Current price $56.80
DuPont has unveiled The Power of Shunya, which is a growth strategy that targets solving demographic challenges faced by India. The firm intends to address problems emerging from the nation’s growing population — in particular, its increasing youth and urbanization that is causing a soaring middle class — by embracing the power of zero.
The strategy seeks to boost DuPont’s links with Indian businesses, government agencies and academic institutions for developing sustainable solutions with zero negative impact upon society. DuPont employs integrated science and tech to give innovative solutions for adequate, safe, and nutritious food supplies and better access to uninterrupted and renewable energy.