Roche’s Tecentriq In Combination With Avastin Gets FDA Approval To Treat Liver Cancer

China reports 10 new asymptomatic coronavirus cases

SHANGHAI (REUTERS) – China registered five new coronavirus cases on June 1, down from 16 a day earlier, the National Health Comission said on Tuesday (June 2).

All of the new cases were so-called imported infections from travellers overseas.

The mainland also reported 10 new asymptomatic cases – those who are infected but do not show symptoms – compared with 16 a day earlier.

The total number of confirmed cases now stands at 83,022, while the death toll remained unchanged at 4,634.

Donald Trump Poses with a Bible at Church Photo Op After Police Clear His Path Using Tear Gas

During an address from the White House Rose Garden earlier on Monday, Trump called himself the "president of law and order," and threatened to mobilize the U.S. military in response to ongoing protests across the nation over the killing of George Floyd, an unarmed 46-year-old black man who was killed by a white police officer in Minneapolis on May 25.

"My first and highest duty as president is to defend our great country and the American people," Trump said. "I swore an oath to uphold the laws of our nation and that is exactly what I will do."

Man shot in Aurora on Monday dies at a local hospital.

A man shot in Aurora on Monday was taken to a local hospital where he was pronounced dead.

The shooting happened at about 12:20 p.m. near East 16th Avenue and Akron Street, police said in a news release. Officers found a man suffering from a gunshot wound. He was taken to a local hospital where “he succumbed to his injuries.”

An investigation is ongoing. As of Monday night, police did not have a suspect in custody.

Anyone with information on the shooting is asked to call police at 303-739-6406, or call Denver Metro Crime Stoppers at 720-913-7867 (STOP).

Around 7.3 mln people in Germany on reduced hours over pandemic – Ifo

BERLIN, June 2 (Reuters) – The number of workers in Germany on reduced hours has risen to 7.3 million, a poll of economic institute Ifo showed on Tuesday, as the coronavirus pandemic is affecting almost all sectors.

The number compares with around 1.5 million workers on short-time during the financial crisis in May 2009, Ifo added. (Reporting by Thomas Seythal; editing by Scot W. Stevenson)

FTSE 100 LIVE: Global stocks climb higher as investors shrug off damage from US protests

Asia-Pacific trading on Tuesday saw Japan’s Topix jump 1.4 percent. Indices in Australia and Hong Kong also inched higher and China’s CSI 300 index of Shanghai- and Shenzhen-listed shares was little changed after the central bank said it wanted Rmb400bn ($56bn) to temporarily purchase small business loans from banks. Meanwhile, Wall Street saw the S&P 500 close 0.4 percent higher.

According to the FT, US stocks have prospered from a V-shaped recovery due to the pandemic.

Futures markets also tipped the S&P 500 to drop 0.4 percent when trading begins today.

Traders did not seem to be worried by US President Donald Trump warning he would send in the military to tackle the violent protests that have raged for seven days following the death of an unarmed black man George Floyd.


Carrefour To Buy Wellcome Taiwan From Dairy Farm For EUR 97 Mln – Quick Facts

French grocery retailer Carrefour Group (CRERF, CRRFY,0NPH.L) Tuesday said it has agreed to acquire Wellcome Taiwan from Dairy Farm for 97 million euros in enterprise value.

The deal involves 224 proximity stores in quality locations as well as a warehouse, including ownership of the real estate and land. Wellcome Taiwan posted net sales of around 390 million euros in 2019.

The transaction is subject to customary conditions and is expected to close by end-2020.

With the acquisition, Carrefour would be able to accelerate its development in Taiwan in the fast-growing proximity format. Carrefour is expected to become the local number 2 in this format.

Carrefour currently operates 137 stores in Taiwan, including 69 proximity stores under the Market banner. The company posted net sales of 1.97 billion euros, EBITDA of 209 million euros and recurring operating income of 83 million euros in 2019.

Following the deal closure, Carrefour plans to convert the Wellcome stores to the Market banner within 12 months. The company will then convert Jasons stores to a Carrefour premium banner.

The converted stores will benefit from Carrefour’s commercial policy and purchasing conditions.

Roche’s Tecentriq In Combination With Avastin Gets FDA Approval To Treat Liver Cancer

Swiss drug maker Roche (RHHBY) announced Tuesday that the US Food and Drug Administration has approved Tecentriq (atezolizumab) in combination with Avastin (bevacizumab) to treat the most common, aggressive form of liver cancer.

The approval is for treatment of people with unresectable or metastatic hepatocellular carcinoma or HCC, who have not received prior systemic therapy.

According to the company, Tecentriq in combination with Avastin is the first and only cancer immunotherapy regimen approved for the treatment of unresectable or metastatic HCC.

The approval was based on results from the Phase III IMbrave150 study, which demonstrated that Tecentriq in combination with Avastin reduced the risk of death by 42% and reduced the risk of disease worsening or death by 41%, compared with sorafenib.

Levi Garraway, Chief Medical Officer and Head of Global Product Development, said, “The application was reviewed under the FDA’s Real-Time Oncology Review pilot and Project Orbis initiative, helping to bring this new treatment option rapidly to patients in the United States and around the world.”

Roche’s extensive development programme for Tecentriq includes multiple ongoing and planned Phase III studies, across several types of lung, genitourinary, skin, breast, gastrointestinal, gynaecological and head and neck cancers.

This includes studies evaluating Tecentriq both alone and in combination with other medicines.