NEW BRUNSWICK, New Jersey: Johnson & Johnson said on Monday (Jul 6) it was slashing the price of its version of tuberculosis drug bedaquiline to US$340 from US$400, for a six-month treatment, in low- and middle-income countries, to scale up its use during the COVID-19 pandemic. J&J’s bedaquiline, marketed under […]
Business
Wall Street’s main indexes were set to open higher on Monday, with the Nasdaq eyeing another record level, as bets on China leading the revival from a coronavirus-driven downturn helped investors look past a surge in new cases of COVID-19 at home. REUTERS: Wall Street’s major indexes climbed on Monday […]
The Trump administration on Monday released the names of hundreds of thousands of businesses which took money from a high-profile US$660 billion pandemic aid program, letting the public see for the first time how the majority of the cash was spent and whether it helped save jobs. WASHINGTON: The Trump […]
BEIJING: Sina Corp, the owner of media social platform Weibo, said on Monday (Jul 6) it had received a go-private offer of US$41 per share in cash from a holding company led by its Chief Executive Officer Charles Chao. The transaction stands at a value of about US$2.7 billion, according […]
SAO PAULO: Brazilian health insurer Hapvida said in a securities filing on Monday it has suffered a cyber attack potentially involving access to the personal information of its customers. Hapvida said, after a preliminary assessment of the security breach, that the attackers did not access customers’ medical records or financial […]
REUTERS: Uber Technologies Inc on Monday said it would acquire Postmates Inc for US$2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service. The all-stock deal, still subject to regulatory […]
WASHINGTON: US services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels, but a resurgence in coronavirus cases that has forced some restaurants and bars to close again threatens the emerging recovery. The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index jumped […]
JAKARTA: Indonesia’s Lion Air Group is slashing 2,600 jobs as the coronavirus pandemic hammers Southeast Asia’s biggest carrier, a company spokesman said on Monday (Jul 6). The layoffs – about 9 per cent of the airline’s 29,000 employees – would mainly affect contract workers, it said. The job cuts come […]
LONDON: Britain’s decision to grant Huawei a limited role in building its 5G network is not “fixed in stone” and a government update on the Chinese company will be published before July 22, a government minister and official said on Monday. British relations with China have already been strained by […]
REUTERS: Facebook’s WhatsApp messaging service said on Monday (Jul 6) it had “paused” processing law enforcement requests for user data in Hong Kong. WhatsApp is “pausing” such reviews “pending further assessment of the impact of the National Security Law, including formal human rights due diligence and consultations with human rights […]