Search results for "covid-19"

U.S., EU, India, S.Africa Rech Compromise on COVID Vaccine IP Waiver Text

The United States, European Union, India and South Africa have reached a consensus on key elements of a long-sought intellectual property waiver for COVID-19 vaccines, according to a proposed text reviewed by Reuters. Sources familiar with the talks described the text as a tentative agreement among the four World Trade Organization members that still needs […]

Pfizer-BioNTech Seek U.S. OK for Second COVID Booster for 65 and Older

Pfizer Inc and its German partner BioNTech SE on Tuesday filed an application with U.S. regulators seeking emergency use authorization for a second booster shot of their COVID-19 vaccine for people aged 65 and older. The submission to the U.S. Food and Drug Administration includes data collected in Israel, where a second booster is authorized […]

Yum China, BYD Say China's COVID Curbs Have Impacted Operations

Chinese businesses from automaker BYD to KFC operator Yum China say their operations have already been hit by the country’s latest COVID-19 curbs, with more disruption expected as case numbers rise. The impact on companies comes as China battles its worst outbreak since the start of the coronavirus pandemic in early 2020. It posted a […]

Asia Stocks Extend Losses as Ukraine War, China's COVID Surge Hit Sentiment

Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years that could come this week. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.97%, led by pronounced […]

Bharat Biotech Says No Impact of Russia-Ukraine Conflict on Supply Chains

Indian vaccine maker Bharat Biotech said on Friday the Russia-Ukraine conflict had not impacted the company’s supply chains so far. Unlike several Western companies including McDonald’s, Microsoft, Coca-Cola and Starbucks that have stopped sales or operations in Russia, no Indian company has publicly withdrawn from the region. A few Indian pharmaceutical companies have a presence […]

Sherlock Bio Raises $80 Million to Develop CRISPR-based Diagnostics

Sherlock Biosciences said on Tuesday it had raised $80 million in new funding to help bolster sales of its CRISPR-based COVID-19 test and develop new diagnostics based on the breakthrough gene editing technology. The latest round for Sherlock, which was the first to gain authorization for a CRISPR-based COVID-19 test in 2020, was led by […]

Moderna Plots Vaccines Against 15 Pathogens with Future Pandemic Potential

Moderna Inc said on Monday it plans to develop and begin testing vaccines targeting 15 of the world’s most worrisome pathogens by 2025 and will permanently wave its COVID-19 vaccine patents for shots intended for certain low- and middle-income countries. The U.S. biotechnology company also said it will make its messenger RNA (mRNA) technology available […]

China's Tencent to Reduce Transaction Fees on WeChat Payments for SMEs

Chinese social media giant Tencent Holdings Ltd will reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, the company said in a statement on Thursday. The reductions will apply beginning Sept. 1, 2021, and extend up to Sept. 30, 2024, the company added. In order to qualify for the […]

After Decades in A Spin, Sonic's Break-Out Leaves Sega Hoping for More

Japan’s Sega Sammy Holdings Inc is hoping to ride the fast-moving coattails of Sonic the Hedgehog as the character enjoys a renaissance amid a global scramble for entertainment content. This year sees the release of a sequel to a record-breaking Hollywood movie and a Netflix series, along with a title that Sega hopes will revive […]