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Philips buys American cardiac care company BioTelemetry in $2.8 billion deal

Once a sprawling conglomerate, Philips has become purely focused on healthcare after spinning off its lighting and consumer electronics divisions in recent years.
“The acquisition of BioTelemetry fits perfectly with our strategy to be a leading provider of patient care management solutions for the hospital and the home”, Philips Chief Executive Frans van Houten said.

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Cyber technology shares soar as security attacks pile up

“This news increases the awareness in regards to the federal government’s susceptibility to cyber attacks from Russia and other foreign entities,” said Daniel Morgan, portfolio manager at Synovus Trust in Atlanta.

Morgan added that technology security companies are “all perceived to benefit from an increase in spending and awareness” he expects will happen as the U.S. government looks to prevent future hacks.

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‘Covid vax must prevent infection, progression and transmission’

“It is possible that the first vaccines, including those being released now, maybe more effective in preventing disease progression and hospitalisation and less effective in preventing transmission,” explained study senior author Jeremy Farrar from SAGE.

“Knowledge of their performance in pre-approval trials and in surveillance trials after licensure will enable further modifications such that improved second and third-generation vaccines may be available later in 2021 and beyond,” Farrar added.

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Over 4.5 cr people in India will be forced to migrate from homes by 2050 due to climate disasters

The report  ”Costs of climate inaction: displacement and distress migration” assessed climate-fuelled displacement and migration across five South Asian countries — Bangladesh, India, Nepal, Pakistan and Sri Lanka — and calculates a devastating likelihood of over 6 crore people being homeless and displaced by 2050 in South Asia alone.

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India may need to spend $1.8 billion on COVID-19 vaccines in first phase, documents show

India, which has the world’s second highest caseload of coronavirus behind the United States, plans to inoculate 300 million people over the next six to eight months, likely with vaccines from AstraZeneca, Russia’s Sputnik, Zydus Cadila and India’s own Bharat Biotech.

The Indian government has not provided any estimate of the cost of its vaccine programme, though it has said all resources will be provided to protect the population.

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