Macron says France will be among first to get Sanofi vaccine
PARIS (Reuters) – French President Emmanuel Macron said on Tuesday France would be among the first countries to get access to a potential vaccine being developed by French drugmaker Sanofi.
Polonium And The Piano Player: A new podcast about one of the world’s most notorious assassinations
A searing new insight into one of the world’s most notorious assassinations – the poisoning of Alexander Litvinenko – is the focus of Sky News’ new four-part podcast series, with the first episode out now.
On 1 November 2006, ex-KGB spy Litvinenko was attacked with one of the deadliest substances known to man: polonium-210.
At the time, he was in the piano bar of the five-star Millennium Hotel in London’s Mayfair.
3M, MIT Researchers Developing Rapid COVID-19 Diagnostic Test
3M Co. is teaming with researchers at Massachusetts Institute of Technology or MIT to develop a new rapid antigen test that detects the COVID-19 virus.
The research, being conducted at the pilot lab facility at 3M’s headquarters in St. Paul, Minnesota, is to learn if a simple-to-use, diagnostic device can produce highly accurate results within minutes and is feasible to mass manufacture.
According to the company, the test would detect viral antigens and deliver highly accurate results within minutes through a paper-based device. The test could be administered at the point-of-care and would not need to be sent to labs for testing.
3M and MIT researchers are prepared to collaborate with the U.S. government’s Rapid Acceleration of Diagnostics Tech or RADx Tech program to demonstrate the test’s capability and to deploy it as quickly as possible. The project received $500,000 in validation funding from RADx Tech and is eligible for further investment in later stages of the development funnel.
RADx Tech program is an aggressively-paced COVID-19 diagnostics initiative from the U.S. National Institute of Health or NIH’s National Institute of Biomedical Imaging and Bioengineering.
NIH selected the rapid COVID-19 test for accelerated development and commercialization support, after rigorous review by an expert panel.
The company added that RADx Tech’s phased innovation funnel is initially supporting a four-week period of intense research to demonstrate the test concept works and can be commercialized on a large scale.
UK's long relationship with Huawei may soon be over
Boris Johnson set to curb Chinese tech giant’s 5G plan.
A 20-year partnership between the United Kingdom and its biggest mobile operator could soon be over.
Prime Minister Boris Johnson is set to ban Chinese firm Huawei from involvement in Britain’s 5G network.
He has been under pressure from the United States, which says the company is a security risk.
Stock Alert: IMV Touches New 52-week High On COVID-19 Vaccine Progress
Shares of IMV Inc. (IMV) are surging more than 100 percent or $3.02 in Tuesday’s morning trade at $6.01, after earlier touching a new 52-week high of $6.82.
Tuesday, IMV announced rapid progress in developing its candidate vaccine to prevent COVID-19 infection. The clinical-stage immuno-oncology company said that Health Canada has agreed to the design of a phase 1 clinical study to assess the safety and immunogenicity of DPX-COVID-19 in 84 healthy adults across two age cohorts: adults between 18 and 55 years old inclusive; and aged 56 years and above.
Two dose levels of DPX-COVID-19 will be tested (25µg or 50µg). IMV said it plans to commence phase 1 clinical trials this summer, with results in the fall of 2020. Once results are published, it intends to initiate phase 2 clinical trials in the second half of the year.
IMV has traded in a range of $1.35 to $6.82 in the past 52 weeks.
Virgin Atlantic agrees private-only $1.5 billion restructuring plan
British airline Virgin Atlantic said on Tuesday it had agreed a private-only restructuring package with shareholders and creditors worth £1.2 billion ($1.5 billion) to secure its future beyond the coronavirus crisis.
Virgin Atlantic said the restructuring plan was supported by a majority of shareholders, and is expected to come into effect in late summer 2020.
Wells Fargo swings to loss on higher provisions to cover soured loans
July 14 (Reuters) – Wells Fargo & Co swung to a loss in the second quarter after setting aside $9.5 billion to cover potential loan losses due to the coronavirus pandemic, the bank said on Tuesday.
The lender, which has been struggling to recover from a series of misselling scandals, reported a net loss of $2.4 billion, or 66 cents per share, for the quarter ended June 30, compared with a profit of $6.2 billion, or $1.30 per share, in the year-earlier period. (Reporting by Noor Zainab Hussain in Bengaluru and Imani Moise in New York; Editing by Lauren Tara LaCapra and Anil D’Silva)
Iran nuclear deal 5 years on: Uncertainty after US withdrawal
The Iran nuclear agreement still survives five years after it was signed in Vienna, but the biggest test is yet to come.
The signing of Iran nuclear deal in 2015 was meant to end the country’s international isolation but the withdrawal of the US has led to increasing tension between Washington, Tehran and the other signatories.
Al Jazeera’s James Bays reports from the United Nations.
Tesla Loses German Autopilot Case, Competition Center Says
Tesla Inc.’s ads for its Autopilot driver-assistance system was rebuffed by a German court, which said the carmaker is misleading consumers, according to the non-profit organization that brought the case.
The court ruled the carmaker can no longer use the ads in Germany because they improperly claimed the vehicles have full potential for autonomous driving, theCenter for Protection Against Unfair Competition said in a statement Tuesday. The Munich Regional Court also ruled that Tesla’s promotion of its cars having the ability to perform automatic city driving by the end of 2019 was misleading, the group said.
Representatives for Tesla didn’t immediately respond to an emailed request for comment. The carmaker can appeal.
The case is: LG Muenchen, 33 O 14041/19.