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May 24, 2022

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BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

AstraZeneca says EU regulator approves COVID shot as booster

Reuters
May 23 (Reuters) – Drugmaker AstraZeneca (AZN.L) said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the bloc’s drugs regulator as a third-dose booster in adults following a committee endorsement last week. The vaccine can now be used as a booster following the two-dose......

U.S. FDA authorizes Pfizer’s COVID booster shot for young children

Reuters
May 17 (Reuters) – The U.S. Food and Drug Administration on Tuesday authorized the use of a booster shot of Pfizer (PFE.N) and BioNTech’s COVID-19 vaccine for children aged 5 to 11, making everyone in the country over the age of 5 eligible for a third shot. The U.S. Centers......

N.Korea reports first COVID outbreak, orders lockdown in “gravest emergency”

Reuters
North Korea declares ‘gravest national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state has declined offers of vaccine No North Korean civilians are believed vaccinated SEOUL, May 12 (Reuters) – North Korea reported its first COVID-19 outbreak on Thursday, calling it the “gravest national emergency”......

Blow to Roche’s cancer immunotherapy prospects as 2nd trial fails

Reuters
The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register Drug candidate tiragolumab previously flunked trial in March Anti-TIGIT class of drugs has attracted several rivals Roche says trial will continue......

Pfizer to pay $11.6 bln for Biohaven to tap migraine market

Reuters
May 10 (Reuters) – Pfizer Inc (PFE.N) said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co (BHVN.N), making a big bet its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards of both companies have approved the......

Omicron as severe as previous COVID variants, large study finds

Reuters
A woman takes a coronavirus disease (COVID-19) test at a pop-up testing site as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 27, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – The Omicron variant of the......

Moderna says its vaccine for ages under 6 will be ready for U.S. review in June

Reuters
A vial labelled “Moderna COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 1 (Reuters) – Moderna Inc’s (MRNA.O) chief medical officer said on Sunday the company’s vaccine for children under 6 years old......

All Blue Capital in $773 mln bid for Zymeworks

Reuters
April 28 (Reuters) – Investment firm All Blue Capital has approached Zymeworks Inc (ZYME.N), a developer of antibody therapies for cancer, with a $773 million acquisition offer. In a regulatory filing late on Thursday, All Blue said it had made a non-binding offer for $10.50 per share in cash, which......

U.S. to widen COVID antiviral pill distribution

Reuters
Pfizer’s coronavirus disease (COVID-19) pill Paxlovid is packaged in Ascoli, Italy, in this undated image obtained by Reuters on November 16, 2021. Pfizer/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 26 (Reuters) – U.S. President Joe Biden’s administration is aiming to expand access to......

Oil rises as investors focus on lower supply from Russia, Libya

Reuters
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access......

Britain gives first European approval to Valneva COVID shot

Reuters
Shares rally more than 20% UK govt cancelled plans to buy shot last year EU drug regulator assessing shot for possible approval LONDON/PARIS, April 14 (Reuters) – Britain approved Valneva’s (VLS.PA) COVID-19 vaccine on Thursday, becoming the first European country to clear the use of the French firm’s shot in......

Alzheimer’s drugmakers seek accelerated FDA review despite U.S. coverage decision

Reuters
April 8 (Reuters) – Eisai Co Ltd (4523.T) and Eli Lilly and Co (LLY.N) on Friday said they still plan to seek accelerated U.S. approval for experimental Alzheimer’s drugs even after the Medicare health plan decided to severely limit coverage of medicines approved in that manner. On Thursday, after a......

U.S. FDA aims to decide on strain selection for COVID boosters by June

Reuters
April 6 (Reuters) – The U.S. Food and Drug Administration said it is aiming to come up with a decision on coronavirus strain selection for the composition of future COVID-19 boosters by June, as a panel of its advisers met on Wednesday to discuss the issue. “We should be thinking......

U.S. FDA advisers to discuss additional COVID vaccine shots, booster design

Reuters
People wait in line to be tested for coronavirus disease (COVID-19) at the Tower Theatre in Oklahoma City, Oklahoma, U.S., January 11, 2022. REUTERS/Nick Oxford Register now for FREE unlimited access to Reuters.com Register April 4 (Reuters) – The U.S. Food and Drug Administration’s expert advisers will discuss the timing......

Take Five: Q2 to test resilient stocks, peak inflation

Reuters
April 1 (Reuters) – As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide insights on rate setters’ thinking. Resilience in stocks and Russia’s rouble could be put to the test. Here’s......

U.S. FDA considering additional round of boosters in the fall -official

Reuters
WASHINGTON, March 29 (Reuters) – The U.S. Food and Drug Administration will weigh the benefits of authorizing a round of boosters of either the Pfizer/BioNTech or Moderna COVID-19 vaccine to a broader population in the fall, a top official said on Tuesday. The agency authorized on Tuesday a second booster......

WTO chief welcomes COVID shot patent plan, drugmakers balk

Reuters
March 16 (Reuters) – The World Trade Organization (WTO) praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, though drugmakers said the move risked undermining the industry’s ability to respond to future health crises. The United States, the European Union, India......

Yum China dives as U.S. regulators take issue with audit

Reuters
A woman walks out a KFC restaurant in Beijing February 25, 2013. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Yum China says may de-list in 2024 Four other U.S. listed Chinese firms face de-listing SHANGHAI, March 11 (Reuters) – Shares in Yum China (9987.HK), and......

Hang Seng slumps to 68-month closing low; hopes on Sino-U.S. talks lift A-shares

Reuters
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Hang Seng -1.6% CSI300 +0.3%, SSEC +0.4% China, U.S. regulators expected to reach consensus soon -source Hang Seng Tech......

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