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July 11, 2020
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Systemic racism slows down economic growth, Dallas Fed chief says

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
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Systemic racism slows economic growth: Dallas Fed chief Kaplan

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
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Japan’s Fujifilm to spend $928 million to double capacity of Danish drug facility

Reuters
FILE PHOTO: Fujifilm’s company logo (top) is seen at its exhibition hall nearby the headquarters of Fujifilm Holdings Corp in Tokyo, Japan June 12, 2017. REUTERS/Kim Kyung-Hoon/File Photo (This June 10 story corrects second paragraph to say facility makes antibody drugs, not viral vaccines) TOKYO (Reuters) – Fujifilm Holdings Corp......
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J&J moves up start of coronavirus vaccine human trials to July

Reuters
(Reuters) – Johnson & Johnson moved up the start of human clinical trials for its experimental vaccine against the highly contagious coronavirus by two months to the second half of July, as the drugmaker rushes to develop a prevention for COVID-19, the company said on Wednesday. The Johnson & Johnson......
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Gilead shares rise 5% on report of AstraZeneca’s interest in megamerger

Reuters
(Reuters) – Shares of U.S. drugmaker Gilead Sciences Inc (GILD.O) rose over 5% in premarket trading on Monday after a report it had been approached by Britain’s AstraZeneca (AZN.L) for a possible merger to form one of the world’s largest drug companies. AstraZeneca’s shares fell 2.4% on the FTSE 100......
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AstraZeneca shares down 2% after report it approached Gilead over tie-up

Reuters
(Reuters) – Shares in Britain’s AstraZeneca (AZN.L) fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences (GILD.O) about a possible merger to form one the world’s largest drug companies. If combined, the two companies would have a market capitalisation of about $232......
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Pfizer declines about 8% after setback to breast cancer treatment

Reuters
FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo (Reuters) – Shares of Pfizer Inc (PFE.N) fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker’s breast cancer treatment was unlikely to meet......
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Merck to buy Austrian vaccine maker as it jumps into COVID-19 race

Reuters
CHICAGO (Reuters) – Merck & Co Inc (MRK.N), which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines. It also announced a partnership with privately held......
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Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up

Reuters
NEW YORK (Reuters) – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. FILE PHOTO: The floor of the New York Stock Exchange (NYSE) stands empty as the building prepares to close indefinitely due to......
Reuters - Business

Roche buys U.S. gene sequencing tech company Stratos Genomics

Reuters
FILE PHOTO: General view of the Roche building in Welwyn Garden City, following the outbreak of the coronavirus disease (COVID-19), Welwyn Garden City, Britain, May 14, 2020. REUTERS/Paul Childs ZURICH (Reuters) – Pharmaceutical group Roche (ROG.S) has acquired U.S.-based Stratos Genomics to further develop DNA-based sequencing for diagnostic use, it......
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U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine

Reuters
BENGALURU/LONDON (Reuters) – The United States has secured almost a third of the first 1 billion doses planned for AstraZeneca’s experimental COVID-19 vaccine by pledging up to $1.2 billion, as world powers scramble for medicines to get their economies back to work. While not yet proven to be effective against......
Reuters - Business

Johnson & Johnson to stop selling talc baby powder in U.S. and Canada

Reuters
(Reuters) – Johnson & Johnson on Tuesday announced it would stop selling its talc Baby Powder in the United States and Canada, saying demand had dropped in the wake of what it called “misinformation” about the product’s safety amid a barrage of legal challenges. J&J faces more than 19,000 lawsuits......
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Fujifilm shares fall after report Avigan not showing clear efficacy in some coronavirus trials

Reuters
TOKYO (Reuters) – Shares of Fujifilm Holdings Corp (4901.T) fell on Wednesday after Kyodo news reported that so far there has been no clear evidence of efficacy for its drug Avigan in treating the novel coronavirus in some clinical trials. FILE PHOTO: A tablet of Avigan (generic name: favipiravir) approved......
Reuters - Business

Johnson & Johnson to stop selling talc-based baby powder in U.S. and Canada

Reuters
(Reuters) – Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada, making the decision after a consumer products “portfolio reassessment related to COVID-19.” The U.S. healthcare conglomerate said it would wind down sales of the product, which......
Reuters - Business

Johnson & Johnson to stop selling talc-based Johnson’s Baby Powder in U.S., Canada

Reuters
FILE PHOTO: Bottles of Johnson’s baby powder are displayed in a store in New York City, U.S., January 22, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Johnson and Johnson on Tuesday said it would stop selling its talc-based Johnson’s Baby Powder in the United States and Canada as part of a......
Reuters - Business

Trump signs deal with company in effort shift drug manufacturing to U.S.: New York Times

Reuters
U.S. President Donald Trump speaks with restaurant executives and industry leaders during a coronavirus disease (COVID-19) pandemic meeting in the State Dining Room at the White House in Washington, U.S., May 18, 2020. REUTERS/Leah Millis (Reuters) – The United States will announce on Tuesday that it has signed a $354......
Reuters - Business

Coronavirus vaccine from Moderna appears safe, shows promise in data from eight people

Reuters
(Reuters) – Moderna Inc’s (MRNA.O) experimental COVID-19 vaccine, the first to be tested in the United States, produced protective antibodies in a small group of healthy volunteers, according to very early data released by the biotech company on Monday. The data comes from eight people who took part in a......
Reuters - Business

Canada’s Trudeau to look at possible further aid for airlines, after Air Canada layoffs

Reuters
FILE PHOTO – Air Canada signage is pictured at Vancouver’s international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms WINNIPEG, Manitoba (Reuters) – Canadian Prime Minister Justin Trudeau said on Saturday that he would look at possible ways to help airlines further, but announced no new measures......
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Merck KGaA says profit could slip as fertility treatments shunned

Reuters
FRANKFURT (Reuters) – Merck KGaA (MRCG.DE) said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV screens and is putting couples off seeking the German group’s fertility treatments. FILE PHOTO: A logo of drugs and chemicals......
Reuters - Business

U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin

Reuters
FILE PHOTO: Treasury Secretary Steven Mnuchin addresses the daily coronavirus response briefing as U.S. President Donald Trump listens at the White House in Washington, U.S., April 2, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy......

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