Micron's Weak Outlook Sparks Concerns of Chip Down Cycle

A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street’s outlook was an […]

BioNTtech in Conflict with Regulator Over New COVID Vaccine Approval - WAS

The launch of German drugmaker BioNTech’s vaccine adapted to the Omicron coronavirus variant may be delayed due to a disagreement with the regulator over the approval process, the Welt Am Sonntag (WAS) newspaper reported on Saturday. The regulator should still decide by the end of June whether or not to approve the new vaccine but […]

Some Omicron Sub-variants Escaping Antibodies from Sinopharm Shot - Chinese Study

A small Chinese study detailed in The Lancet Infectious Diseases journal showed neutralising antibodies against some Omicron sub-variants were largely undetectable after two doses of a Sinopharm COVID-19 vaccine, with a booster shot only partly restoring them. The study comes as China, which has approved only locally developed COVID shots including the Sinopharm vaccine, strives […]

Asia stock markets mixed after Wall St high, virus surge

Asian stock markets were mixed Thursday after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. Tokyo and Seoul declined while Shanghai and Hong Kong advanced. Wall Street gained Wednesday for its 70th record high of 2021. Optimism was tempered by data showing new U.S. virus cases have risen […]

Apple temporarily shuts stores worldwide to fight virus

By KELVIN CHAN Associated Press LONDON (AP) — Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic. “In our workplaces and communities, we must do all we can to prevent the spread of COVID-19,” CEO Tim […]