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EU could give conditional nod to Moderna vaccine as early as December

by | Nov 20, 2020 | , , , ,

The EU could pay more than $10 billion to buy hundreds of millions of doses of the vaccine jointly developed by Pfizer Inc. and BioNTech as well as that of CureVac NV, Reuters said Friday, citing an EU official it didn’t name. The price it agreed for the Pfizer-BioNTech shot is 15.50 euros ($18.34) per dose, less than what the U.S. is paying, the newswire said.

Johnson & Johnson ordered to pay $120 million damages in New York baby powder case

by | Nov 20, 2020 | , , ,

Johnson & Johnson said it will appeal the verdict, citing “significant legal and evidentiary errors” at the trial.

“We deeply sympathize with anyone suffering from cancer, which is why the facts are so important,” the company said. “We remain confident that our talc is safe, asbestos free, and does not cause cancer.”

Pfizer, BioNTech conclude Phase 3 study of COVID-19 vaccine candidate, say it’s 95% effective

by | Nov 19, 2020 | , , ,

“The study results mark an important step in this historic eight-month journey to bring forward a vaccine capable of helping to end this devastating pandemic. We continue to move at the speed of science to compile all the data collected thus far and share with regulators around the world,” said Dr Albert Bourla, Pfizer Chairman and CEO

Eightfold increase in tobacco smuggling during June-Oct 20 : FICCI CASCAD

by | Nov 19, 2020 | , ,

Commenting on the development, FICCI CASCADE Chairman Anil Rajput said: “There has been an almost eightfold increase over the year, indicating that India continues to be a target for tobacco smugglers in spite of several restrictions. It is clear that criminal enterprises are continuing to seek ways of ensuring infiltration of smuggled goods into the country.”

Govt approves swap of Mitsui Sumitomo’s Max Life stake with Max Financial Services

by | Nov 19, 2020 | , , ,

The transaction entails swapping by MSI of 20.6% stake that it holds in Max Life with a 21.9% stake in MFSL This will result in MFSL’s stake in Max Life increasing to 93.10%.
Commenting on the development, Mohit Talwar, MD, Max Financial and Vice Chairman, Max Group, said, “Once concluded post regulatory approvals, this transaction will mark an important step for Max Financial to consolidate its shareholding in Max Life paving the way for a new beginning in form of a joint venture with Axis Bank.”

U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain

by | Nov 19, 2020 | , , , , ,

Questions remain over how quickly other regulators, especially in China, will lift their flight bans.

The U.S. planemaker’s best-selling jet will make its comeback facing headwinds from a resurgent coronavirus pandemic, new European trade tariffs and mistrust of one of the most scrutinized brands in aviation.

Lloyd’s of London sees global pandemic insurance losses above previous estimate

by | Nov 19, 2020 | , , , , ,

Lloyd’s has proposed a “Black Swan” reinsurance scheme to governments globally to ensure better cover during circumstances such as the pandemic and other disturbances to business, but Carnegie-Brown said it was hard to get government attention on the topic so far.

“The challenge for governments of course is that they are very short-term focused… (it is) very difficult for them to lift their heads above the parapet and think about the future,” Carnegie-Brown said.