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Investors sue AstraZeneca over share price drop on covid-19 vaccine testingprice drop on covid-19 vaccine testing

In the three days after the release of the test results in late November, AstraZeneca’s stock price dropped 5%, according to the lawsuit filed Tuesday by the public employees’ retirement system in Monroe County, Michigan.

Alleging “wrongful acts and omissions” by the company and its chief officers, the pension fund is asking to be allowed to sue on behalf of a class of all investors injured by the share price decline.

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Global insurance industry cross border deals total $5.27bn in Q4 2020

The value marked a decrease of 42.2% over the previous quarter and a rise of 47.2% when compared with the last four-quarter average of $3.58bn.

In terms of number of cross border deals, the sector saw a rise of 47.06% over the last four-quarter average with 25 deals against the average of 17 deals.

In value terms, North America led the activity with cross border deals worth $2bn.

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Governments, insurers should work together on global risks-executives

“Public-private partnerships are the only way to tackle climate risk,” insurance broker Willis Towers Watson  CEO John Haley said at a virtual meeting of the World Economic Forum.

Zurich Insurance CEO Mario Greco said insurers did not have the capacity to tackle climate and cyber risks alone, but neither should such problems be outsourced wholly to governments.Governments and insurers in Europe and the United States are considering state-backed reinsurance programmes for future pandemics, though some insurance sources have said progress has been slow, as governments focus their attention on dealing with the current crisis.

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Fresh Covid-19 rules: Swimming pools for all, more can watch films in halls

According to these new guidelines, to be effective for February 1, there shall be no restriction on inter-state and intra-state movement of people and goods including those for cross land-border trade under treaties with neighbouring countries.
Social, religious, sports, entertainment, educational, cultural, religious gatherings have already been permitted up to a maximum of 50 per cent of the hall capacity, with a ceiling of 200 people in closed spaces; and keeping of the size of the ground or space in view, in open spaces.

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