Today, the Trump Administration officially left the Paris Climate Agreement. And in exactly 77 days, a Biden Administration will rejoin it, Biden tweeted on Wednesday night, reflecting his decision to reverse one of the key policies of the Trump administration on day one.

Threat of crackdown on U.S. insurers fades as political ‘Blue Wave’ sputters

Nov 5, 2020

That bodes well for the insurance industry, which had feared a Democratic sweep would allow progressives to reprise regulations introduced after the 2008-2009 financial crisis and push a disruptive healthcare overhaul.

Health insurance stocks jumped on Wednesday, as fears of a dramatic change faded. The S&P 500 managed care index .SPLRCHMO rose 9.8% as investors and insurance trade groups cheered an expected Republican hold on the Senate.

European Development Finance group to exit fossil fuel investments by 2030

Nov 5, 2020

The move comes a week before the world’s 450 DFIs meet for the first time at a major conference in France to discuss accelerating their efforts to help in the fight against climate change as well as to boost sustainable development more broadly.

A key factor will be how open lenders in coal-reliant Asia are to any toughening of policy.

India sees early vaccine launch as AstraZeneca deliveries run late

Nov 5, 2020

An Indian government-backed vaccine could be launched as early as February – months earlier than expected – as last-stage trials begin this month and studies have so far showed it is safe and effective, a senior government scientist told Reuters.

Bharat Biotech, a private company that is developing COVAXIN with the government-run Indian Council of Medical Research (ICMR), had earlier hoped to launch it only in the second quarter of next year.

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