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The Hungarian and Czech prime ministers will meet Israeli Prime Minister Benjamin Netanyahu on Thursday to discuss policies to fight COVID-19 as a third wave of the coronavirus pandemic sweeps central Europe. "The main topic of the meeting will be the effort to curb the pandemic," Hungarian Prime Minister Viktor Orban's press chief said in a statement. Netanyahu, who has said 90% of eligible Israelis have either received at least one dose of the Pfizer/BioNTech vaccine or recovered from the virus, has made Israel's vaccination programme a showcase of his campaign for re-eection on March 23.
The developers of Russia's Sputnik V vaccine against COVID-19 on Tuesday questioned the neutrality of the European Medicines Agency (EMA) after an EMA official urged EU members to refrain from approving the Russian vaccine for now. Christa Wirthumer-Hoche, the head of EMA's management board, told a talk show on Austrian broadcaster ORF on March 7 that she advised European Union countries against granting Sputnik V a national emergency authorisation while EMA was still reviewing the Russian vaccine's safety and effectiveness.
(Bloomberg) -- Russia is pushing ahead with plans to make its Covid-19 vaccine in Europe, securing a deal to produce the Sputnik V shot in Italy amid additional talks in Germany and France.Adienne Pharma & Biotech SA signed an agreement to manufacture the vaccine at its production site in the Milan region, Antonio Francesco Di Naro -- the founder and president of the Lugano, Switzerland-based company -- told Bloomberg in an interview.The deal with Russia’s sovereign wealth fund RDIF is the first European production agreement for the vaccine. While Russia was first to approve a vaccine for the general public and promoted it as a way to help end the pandemic globally, it has been slower than some rivals to scale up output.The shot is under review by authorities in the European Union, which has struggled to ramp up inoculations amid a lack of supply. The sluggish rollout has prodded some countries to consider their own purchasing deals in a challenge to the bloc’s solidarity.“There are many Italian regions which are enthusiastic about having Sputnik, they would also want to produce it,” Kirill Dmitriev, chief executive officer of the state-run Russian Direct Investment Fund, told Italian Rai3 television on Sunday. “We have a partnership in Germany. We’re talking to several French companies.”Russia has had contact with IDT Biologika GmbH, according to a report by German broadcaster MDR. The company, based in the German state of Saxony-Anhalt, wasn’t immediately available to comment. IDT signed a letter of intent last month to help AstraZeneca Plc boost supply of its vaccine.Dmitriev, who is in charge of Sputnik’s international roll-out and backed its development, said in the Italian TV interview that production in the country could start in June. The timing depends on approval from Italian regulators, and Di Naro said he couldn’t set production targets as of now.The deal comes as Prime Minister Mario Draghi pledged to speed up Italy’s fledgling vaccination campaign amid a new rise in infections from the disease that’s led to more than 100,000 fatalities in the country.Draghi blocked the export of AstraZeneca’s vaccine earlier this month after the company sharply reduced planned deliveries to the EU. He was the first European leader to use the recently-introduced powers, highlighting the sensitivity in the region over the supply of Covid-19 shots.European Commission President Ursula von der Leyen on Monday lashed out at manufacturers for failing to uphold their commitments as countries in Europe struggle to step up the pace of inoculations.The bloc has administered 9.35 doses per 100 people, compared with nearly 28 for the U.S. and more than 35 for the U.K., according to Bloomberg’s Coronavirus Vaccine Tracker.The European Medicines Agency said March 4 that it started a rolling review of Sputnik V to test compliance with safety and quality standards, the first major step in gaining approval for use in the European Union. The Russian vaccine started to gain broader international recognition after The Lancet medical journal published peer-reviewed results of interim trials showing 91.6% efficacy.Despite the progress, it’s unclear what role political tension would play in the distribution of the Sputnik vaccine in Europe. Tensions between Russia and the EU have deteriorated further in recent months, especially after the jailing of opposition leader Alexey Navalny.In a sign of the tensions, the shot’s developer took to Twitter to demand an apology from an EMA official over comments that “raise serious questions about possible political interference” in the agency’s review.Christa Wirthumer-Hoche, EMA’s management board chairwoman, told Austrian broadcaster ORF late Sunday that national emergency authorizations are like “Russian roulette.”(Recasts, adds comments from Russian sovereign wealth fund chief)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The European Parliament has voted to strip the immunity from prosecution from Carles Puigdemont and two other Catalan separatist lawmakers Spain has charged with sedition. The chamber announced on Tuesday that EU lawmakers had voted clearly in favour of waiving the immunity of Catalonia's former regional head of government and two former cabinet members, Toni Comin and Clara Ponsati. Puigdemont and Comin, who are in self-imposed exile in Belgium, formally became members of the European Parliament in June 2019, while Ponsati, who is in Scotland, was officially a member from January 2020.
Avacta Group plc (AIM: AVCT), the developer of innovative cancer therapies and diagnostics based on its proprietary Affimer® and pre|CISION™ platforms, is pleased to announce that it has entered into a license agreement with Biokit, a Werfen Company, to incorporate Affimer reagents into a Biokit in-vitro diagnostic (IVD) product.
Syndax Pharmaceuticals reported a better-than-expected loss in the fourth quarter and outpaced analysts’ expectations for revenues. Shares of the clinical-stage biopharmaceutical company dropped 1.2% to close at $23.30 on March 8. Syndax (SNDX) incurred a loss of $0.44 per share in 4Q, compared to the $0.49 loss per share estimated by analysts. Total revenue came in at $380,000, topping analysts’ expectations of $200,000. The company’s research and development expenses were $15.5 million in the quarter, up 63.2% year-over-year. Total operating expenses stood at $20.2 million, up 38.4%. (See Syndax stock analysis on TipRanks) Syndax CEO Briggs W. Morrison said, “We expect 2021 will be a year of immense progress across our two highly promising programs aimed at addressing key areas of unmet need, coupled with a sharp focus on pipeline expansion.” “Notably, we plan to present data from the Phase 1 portion of our ongoing AUGMENT-101 trial of SNDX-5613, our selective menin inhibitor, in patients with acute leukemias,” Morrison added. For 2021, the company projects research and development expenses to be in the range of $90 million to $100 million. Total operating expenses are anticipated to range from $110 million to $120 million. For 1Q, research and development expenses are forecasted to be in the range of $25 million to $30 million, with total operating expenses in the range of $30 to $35 million. Following the 4Q results, Stifel Nicolaus analyst Konstantinos Aprilakis maintained a Buy rating and a price target of $39 (67.4% upside potential) on the stock as the analyst is “enthusiastic about the menin space.” Aprilakis expects “the company to continue finding success with SNDX-5613, its lead asset and menin/MLL inhibitor for potential use in acute leukemias, and axatilimab, an anti-CSF-1R antibody currently being developed in cGVHD.” Syndax shares have exploded almost 108% over the past year, while the stock still scores a Strong Buy consensus rating based on 3 unanimous Buys. That’s alongside an average analyst price target of $35.33, which implies 51.6% upside potential to current levels. Additionally, Syndax scores an 8 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Hibbett 4Q Profit Exceeds Estimates As E-commerce Sales Boom; Shares Tank 4% Big Lots’ 4Q Profit Beats Analysts’ Estimates As Comparable Sales Rise; Shares Gain 2% Cooper’s 1Q Results Beat The Street Consensus; Street Says Buy More recent articles from Smarter Analyst: McAfee To Divest Enterprise Business For $4B In Cash, Stock Gains 13% National Cinemedia Sinks 10% On Worse-Than-Feared 4Q Loss, Sales Plunge 89% Shift Technologies’ 1Q Sales Outlook Tops Estimates After 4Q Beat; Shares Pop 10% DuPont Inks $2.3B Deal To Snap Up Laird Performance Materials; Shares Gain
The organisation has introduced changes after an outcry over its all-white acting line-up last year.
(Bloomberg) -- U.S. stock futures climbed Tuesday, while government bonds across the globe rallied before U.S. debt auctions that have the potential to spark volatility. The dollar fell.Contracts on the tech-heavy Nasdaq 100 climbed 1.8%, signalling a rebound after an overnight slump in technology stocks amid a rotation to value. European shares opened modestly lower, dragged down by miners. Benchmark Treasury yields fell 5 basis points while those on German and French peers dropped 2 basis points.The U.S. Treasury will offer $120 billion in coming days that will gauge demand amid the largest short bet on U.S. government debt on record. The auctions will kick off with a sale of $58 billion of three-year notes Tuesday. Investors have been paring exposure to Treasuries, anticipating that a growth break-out will quicken inflation and bring forward expectations for Federal Reserve rate increases.Rising long-term borrowing costs are also unsettling equity markets while reflation bets prompt a shift into value and cyclical segments and away from stay-at-home tech stocks.“We do believe that at this point we will see gyrations just because the market is pricing in quite a lot of positive news,” said Jun Bei Liu, a portfolio manager at Tribeca Investment Partners. Bond yields are only starting to normalize and the 10-year Treasury yield won’t climb to 2% quickly, she added.Elsewhere, China’s CSI 300 equity gauge dropped again after state-related funds stepped in to alleviate an earlier plunge.Bitcoin fluctuated around the $54,000 level after hitting a two-week high on more signs of institutional interest. Oil fluctuated near $65 a barrel.Here are some key events to watch:EIA crude oil inventory report is due WednesdayThe U.S. February consumer price index will offer the latest look at price pressures Wednesday.The U.S. government auctions 3-, 10- and 30-year Treasuries this week.The European Central Bank holds its monetary policy meeting and President Christine Lagarde is set to do a briefing Thursday.StocksFutures on the S&P 500 Index advanced 1% as of 8:34 a.m. London time.The Stoxx Europe 600 Index climbed 0.1%.The MSCI Asia Pacific Index gained 0.4%.The MSCI Emerging Market Index dipped 0.2%.CurrenciesThe Bloomberg Dollar Spot Index sank 0.4%.The euro climbed 0.4% to $1.1889.The British pound climbed 0.5% to $1.3888.The onshore yuan strengthened 0.1% to 6.517 per dollar.The Japanese yen strengthened 0.1% to 108.78 per dollar.BondsThe yield on 10-year Treasuries fell five basis points to 1.55%.The yield on two-year Treasuries decreased less than one basis point to 0.16%.Germany’s 10-year yield fell two basis points to -0.30%.Japan’s 10-year yield increased less than one basis point to 0.127%.Britain’s 10-year yield declined two basis points to 0.737%.CommoditiesWest Texas Intermediate crude was little changed at $65.06 a barrel.Brent crude increased 0.1% to $68.33 a barrel.Gold strengthened 0.9% to $1,699.03 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
U.S. special envoy for climate John Kerry traveled to Brussels on Tuesday to discuss transatlantic cooperation with European officials in the wake of President Joe Biden's decision to rejoin the global effort to curb climate change. Like EU Commission President Ursula von der Leyen, Biden has said that fighting global warming is among his highest priorities. Biden had the United States rejoin the Paris climate accord in the first hours of his presidency, undoing the U.S. withdrawal ordered by predecessor Donald Trump.
OP Mortgage BankStock exchange release9 March 2021 at 10.35 am EET OP Mortgage Bank's Report by the Board of Directors and Financial Statements as well as Corporate Governance Statement for 2020 published OP Mortgage Bank has published its Report by the Board of Directors and Financial Statements along with its Corporate Governance Statement for 2020. Both reports can be found attached in PDF format and they are available at op.fi > OP Financial Group > To the media > Publications > OP Mortgage Bank’s publications. The reports are part of OP Financial Group’s Annual Report that has been published at https://www.op-year2020.fi/en. OP Mortgage Bank Board of Directors For more information, please contact: Sanna Eriksson, Managing Director, tel. +358 (0)10 252 2517 DISTRIBUTION Euronext Dublin (Irish Stock Exchange)LSE London Stock ExchangeOAM (Officially Appointed Mechanism)Major mediaop.fi
iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative, market-leading online entertainment service in China, is pleased to announce that it has launched Cloud Show, China's first interactive, immersive, online, virtual performance product. Cloud Show features both real and virtual scenes enabled by multiple audiovisual technologies to deliver users a unique and fresh extended reality (XR) entertainment experience.
With her house in shambles, the Queen of England turns to the one person who may be able to fix it. #Colbert #ALateShow #ColdOpens
The global fertilizer catalyst market size is expected to reach USD 3.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.4% from 2021 to 2027. The market is expected to be driven by the growing application in the production of fertilizers and the need for improving process efficiencies.
Fans are making demands on social media following Winfrey’s bombshell interview with Harry and Meghan
A previous version of this article gave an incorrect dollar valuation of the company. Italy’s billionaire Agnelli family has snapped up a stake in Christian Louboutin, valuing the French luxury shoe maker, which is known for its signature red soled women’s shoes, at €2.3 billion ($2.7 billion). Exor, the Agnelli’s European holding company, will invest €514 million to buy a 24% stake in the Paris-based brand to become its largest shareholder, the two companies said in a joint statement.
(Bloomberg) -- Public Power Corporation is planning to sell Europe’s first sustainability-linked high-yield bond this week, adding more weight to a fast-growing trend in the region’s loan market.The company held investor calls on Monday and plans to conclude its meetings for a 500 million-euro ($594 million) planned bond sale on Wednesday. The new issue is expected to be rated B/BB- by S&P and Fitch.Sustainability-linked debt sales have taken off in Europe’s leveraged loan market in recent months. Those deals included so-called margin ratchets which will see those companies pay less if they hit specific goals, or more if they miss their targets. PPC’s new bond carries a penalty only however, with a higher coupon of 50 basis points if it fails to reduce its CO2 emissions by 40% by December 2022 from 2019.“The issuance aligns with our overall environmental strategy, which is to reduce our carbon footprint and mitigate the impacts of climate change,” a company spokesperson said in an emailed statement. “PPC’s environmental strategy is in line with the European Union’s and Greece’s medium and long-term objectives for climate neutrality by 2050.”European investors have seen a glut of leveraged loan debt this year with pricing tied to how the company performs against sustainability-linked targets. At least eight such deals have priced in 2021 so far, including Kloeckner Pentaplast, Flender GmbH and Asda Group Ltd, up from three in all of 2020. Still, some investors are griping about how easily borrowers can achieve their targets.Read more: Junk Firms Are Posing as Green Warriors to Reduce Debt CostsHSBC, Goldman Sachs and Citibank are global coordinators on the PPC deal.(Adds company comment in fourth paragraph. Previous version removed incorrect company name in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
It was "like they were fetching water," 40-year-old Tirhas recalls.
The father of Meghan Markle has said he hopes a comment allegedly made by a member of the royal family about the colour of her son’s skin was “just a stupid question”. Speaking on Good Morning Britain, Thomas Markle said he had “great respect” for the royal family and did not think they, or the British people, were racists. The Duchess of Sussex said in an interview with Oprah WInfrey, which aired in the UK on Monday, that her son Archie had been denied the title of prince because there were concerns within the royal family about “how dark his skin might be when he’s born”.
Mar. 9—WILLMAR — Held to 15 second-half points, Willmar was unable to keep pace with Fergus Falls as the Otters collected the Central Lakes Conference boys basketball victory Monday night, 54-42. Fergus falls was led by Dominic Aguilar, who had five 3-pointers en route to a game-high 25 points. Aguilar also had three assists and a pair of steals. Jacob Rosendahl was the Cardinals' top scorer ...
Mar. 9—MONTEVIDEO — The Montevideo girls basketball team got the most out of its sophomore twin towers against Minnewaska on Monday night. The 6-foot duo of Avery Koenen and Hailey Dirksen combined for 42 points in the Thunder Hawks' 65-59 West Central Conference victory over the Lakers from Montevideo High School. Koenen finished with a game-high 24 points and 17 rebounds and Dirksen poured ...