Kennametal Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense. The Infrastructure segment generally serves customers that operate in the earthworks and energy sectors supporting primary industries, such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. It provides wear-resistant products, application engineering and services backed by material science serving customers across various sectors. The Company's product offerings include a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products and super alloys.

Closing Price
$28.26
Day's Change
0.59 (2.13%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.24
Day's Low
27.81
Volume
(Light)
Volume:
352,548

10-day average volume:
672,111
352,548

NYT: Trump identifies five drugmakers most likely to produce a viable COVID-19 vaccine

3:07 pm ET June 3, 2020 (MarketWatch)
Print

The Trump administration has reportedly named five drugmakers that it expects to be the most likely to produce a viable COVID-19 vaccine, according to The New York Times (https://www.nytimes.com/2020/06/03/us/politics/coronavirus-vaccine-trump-moderna.html), which cited people familiar with the matter. This includes AstraZeneca (AZN.LN) in combination with Oxford University, Johnson & Johnson (JNJ), Moderna Inc. (MRNA), Merck & Co. Inc. (MCK), and Pfizer in combination with BioNTech SE (BNTX). With the exception of Merck, Pfizer, and BioNTech, shares of those companies were up in afternoon trading on Wednesday. Inovio Pharmaceuticals Inc. (INO), an early vaccine contender, was not included in the Times' report. Its stock was down 10.8%. Much of the nation's hopes for an economic recovery are tied to the development of a vaccine that can successfully prevent people from becoming infected with COVID-19. The administration has tirelessly promoted the idea that a vaccine can be developed by the end of the year; however, executives at J&J and Merck have pointed out that the research and development process can take years to develop a safe, efficacious vaccine. Merck CEO Ken Frazier recently told the Financial Times a 12- to 18-month timeline is "very aggressive."

-Jaimy Lee; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 03, 2020 15:07 ET (19:07 GMT)

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