Category: krplluwtg

June 23, 2021

Pharmalittle: Serum Institute threatens to sue Covid-19 vaccine trial participant; U.S. agency prepares for Covid-19 vaccine fraud

first_img Good morning, everyone, and how are you today? We are doing just fine, thank you, courtesy of sunny skies and mild breezes hovering over the Pharmalot campus. Moreover, the short person is quietly hunched over a laptop and the official mascot has left for a much-needed constitutional. This makes it possible for us to tend to the matters at hand. We will, however, take a brief detour today to chat about drug pricing with former Gilead Sciences chief operating officer Jim Meyers at 1 p.m. ET, and STAT+ subscribers are invited to tune in. Meanwhile, here are a few tidbits. Hope your day goes well and you remain safe. Remember, wear a mask. …The European Commission is likely to give final authorization for the roll-out of Covid-19 vaccines days after the European Medicines Agency issues approvals, Reuters tells us. The EMA plans to decide on whether to approve the vaccine being developed by Pfizer (PFE) and BioNTech (BNTX) by Dec. 29, and the shot being developed by Moderna (MRNA) by Jan. 12. Under EU rules, EMA recommends the authorization of a drug or vaccine and the EU Commission authorizes them on the basis of EMA scientific advice. Pharmalittle: Serum Institute threatens to sue Covid-19 vaccine trial participant; U.S. agency prepares for Covid-19 vaccine fraud Alex Hogan/STAT GET STARTED [email protected] @Pharmalot Log In | Learn More Ed Silverman By Ed Silverman Dec. 1, 2020 Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTEDcenter_img About the Author Reprints Tags STAT+ Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Pharma What’s included? What is it?last_img read more

June 19, 2021

Onsung Speaks of Re-defector NSA Link

first_imgNewsEconomy SHARE By Kang Mi Jin – 2013.05.20 9:16pm Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] News 60-year old Kang Kyong Suk, one of three “re-defectors” involved in a press conference held in Pyongyang on May 17th stated, “Returning defectors live well so I came back.” However, an inside source has since told Daily NK that Kang was probably working in South Korea as a spy for the National Security Agency (NSA).The source from Onsung County in North Hamkyung Province, where Kang lived prior to travelling to the South, explained, “Kang, who had been a missing person, reappeared in Namyang on or around April 23rd. From before that, people who looked like NSA agents had been coming and going to her home.”“Her family did not get punished at all even though she had defected,” the source noted. “On the contrary, her son-in-law and son were both promoted. That’s why a lot of people in Namyang assume she was an NSA spy. People think she got orders to go to South Korea for espionage and just came back.”According to the source, Kang’s son-in-law had been working at a military base in Jagang Province, but following her re-defection he moved to a better position in Chongjin, whilst her eldest son had been working at an office dealing with fuel distribution in Onsung County, but is now working for a Chinese joint venture construction company.The source said that Kang also has a long history of aiding in the activities of the security forces in the area, by both reporting on the “anti-socialist” acts of others and seeking out new informants for the NSA. However, there are other interpretations of the situation, the source acknowledged, saying, “Some people think there was no punishment because she had a love child with a Namyang NSA officer who had received the Labor Hero award.” But, the source went on, “Life had been easy for her thanks to her work, so most people struggle to believe that she really defected.”Reporting on the press conference, the North Korean media asserted that South Korean agents had lured the three re-defectors to enter the South under false pretences. This was the same claim made in previous cases of re-defection. The participants claimed that South Korean interrogators told them of their aim, which is to force North Korea’s collapse and impose liberal democracy on it.In November last year, Daily NK revealed inside source testimony alleging that another “re-defector” had been working for the NSA in South Korea (see linked article). Sources also assert that an increasing number of espionage agents have been entering South Korea disguised as defectors since Kim Jong Eun came to power in late 2011, and that the NSA is simultaneously working to bring people back to North Korea in order to feed into propaganda on the superiority of the North Korean system. There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHORcenter_img News Onsung Speaks of Re-defector NSA Link Facebook Twitter North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

June 18, 2021

Quadrus reduces fees across multiple series

first_img Facebook LinkedIn Twitter Mackenzie Financial Corp. and mutual fund dealer Quadrus Investment Services Ltd. on Wednesday announced reduced fees to several mutual funds within the Quadrus Group of Funds mutual fund suite.“These reductions are in response to market trends and ongoing efforts to find efficiencies to benefit our clients,” the companies say in a news release. HSBC changes strategy, lowers fees for global equities fund Related news Funds across multiple series experienced fee reductions between 0.05% and 0.30%Today’s reductions arrive on top of last year’s introduction of a fee rebate program for clients with consolidated assets of $100,000 in Quadrus Group of Funds. As clients continue to grow their assets, fees decrease again when they reach $500,000 of consolidated assets.Also readQuadrus introduces rebate program for clientsA complete list of the affected funds is available in the companies’ news release. Keywords MERs and management feesCompanies Quadrus Investment Services Ltd., Mackenzie Financial Corp. center_img Unitholders approve changes to NEI funds Financial accounting business sheet calculator awrangler/123RF Share this article and your comments with peers on social media Desjardins to close four ETFslast_img read more

June 18, 2021

Innovation and consolidation boosts credit union performance

first_imghand drawing creative business strategy with light bulb as concept everythingpossible/123RF Keywords Credit unionsCompanies DBRS A combination of consolidation and technology investment is helping Canada’s credit unions increase operating profits and leverage, DBRS Ltd. says.In a new report, the Toronto-based rating agency says that, since 2016, credit unions have been growing their revenues faster than expenses, generating improved bottom line performance and positive operating leverage. James Langton Facebook LinkedIn Twitter Related news Credit unions shine on ESG risks: DBRS Big banks fail to inhale lucrative pot sector DBRS says that some of this performance improvement is due to ongoing consolidation, which has driven increased economies of scale.The number of credit unions in Ontario, British Columbia, Alberta and Saskatchewan has dropped from 306 in 2008 to 177 at the end of 2017, the firm notes. Yet, despite the consolidation, the number of credit union branches has not changed, DBRS says, sustaining their ability to service remote communities.“Though the total number of branches did not change, over time, less-productive branches were closed or consolidated and new branches were opened in higher-activity urban areas. In this way, branch rationalization has also contributed to credit union efficiency,” it says.At the same time, the increasing adoption of digital technologies is also contributing to improved operating efficiency, DBRS reports.“Credit unions have been early adopters of technology and continue to invest in technology to enhance operational capacity,” it says, noting that they were first to introduce online banking back in 1995.And, in 2018, credit unions led the way in enabling voice-activated banking through Amazon’s Alexa.While technology spending has boosted costs, it also provides credit unions with scale that “helps generate marginal revenues without incurring significantly higher costs once technology investments have been made.” Share this article and your comments with peers on social media Margins rise at Canada’s credit unions: DBRSlast_img read more

June 16, 2021

Proposed Transition of some Aged & Disability Services

first_imgProposed Transition of some Aged & Disability Services Council will consider a proposal to transition some of its aged and disability services to external local providers at its upcoming Council Meeting on Tuesday 8 December.The proposal is in response to Federal Government reforms for the aged and disability sector, which have had a major impact on many services that Council delivers or organises for its residents.The Federal Government currently provides funding for Council to deliver a number of services under the Commonwealth Home Support Programme (CHSP).Reforms are currently underway to create a simplified, national and integrated aged care system, in an effort to provide older Australians with quality, choice and control over the way services are delivered for them.They are also being designed to better support older people, who prefer to live at home, with a fuller range of services.Further reform is expected to significantly affect Council’s ability to provide some of these services in the future.Council is also funded by the Victorian Government to provide similar services for younger residents.Council is also likely to also cease to be a provider of many of these services and will work with the Victorian Government to ensure a new provider is in place.The proposal being considered by Council on 8 December includes the following recommendations:Transferring delivery of the following services to an alternative sustainable provider at a future point in time:Domestic assistancePersonal careRespite careSocial support individualProperty maintenance and home modificationsUnder the proposal, Council would continue to deliver of the following services:Food servicesTransport servicesSocial support groupHealthy Active Ageing ProgramThe Council Meeting will be streamed live from 7pm and can be viewed through this link: https://www.yarraranges.vic.gov.au/Council/Council-meetings/Council-meeting-online-streamClick here to read the full report within the agenda item. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:aged care, commonwealth, council, disability, disability sector, Federal, federal government, future, Government, Impact, local council, older people, property, quality, reform, sustainable, Transport, Victoria, Yarra Ranges, Yarra Ranges Shire Councillast_img read more

June 12, 2021

Senate Passes Omnibus Tax Legislation

first_imgThe Senate on Friday, December 6, passed the Omnibus legislation which seeks to establish a transparent and coherent regime to govern all tax incentives.The Bills passed are the Fiscal Incentives (Miscellaneous Provisions) Act; and the Income Tax Relief (Large Scale Projects and Pioneer Industries) Act 2013.The Fiscal Incentives (Miscellaneous Provisions) Act 2013 sets out the reforms to be carried out to corporate tax including the introduction of an Employment Tax Credit (ETC), changes to the capital allowance regime, and revision of provisions governing the utilisation of tax losses.The Bill also deals with “grandfathering” and transitional arrangements relating to change from the old to the new incentives regime.In terms of the Income Tax Relief (Large-scale Projects and Pioneer Industries) Act, it sets out provision for the designation of large scale projects and pioneer industries that would qualify for tax credit under the Income Tax Act.Other elements of the framework for the new Omnibus Incentive Regime namely, the Customs Tariff (Revision) (Amendment) Resolution 2013; and Stamp Duty (Amendments of Schedule) Order 2013, were approved in the House of Representatives.In his remarks, Minster of Justice, Senator Mark Golding, noted that the Omnibus legislation represents the most far reaching set of revisions of Jamaica’s tax incentive systems.“The principal philosophy behind the Government’s tax reform in relation to incentives is based on the view that a comprehensive reform of Jamaica’s many tax incentive regimes requires implementation of a more accessible, broad based competitive tax regime, which can act both as a catalyst for investment and economic growth and which applies across all economic sectors,”  Senator Golding said. “We are working and I don’t think it’s helpful to make this particular legislative exercise as being the totality of tax reform whether of substantive tax law or of administrative issues. That is not what this is about. But it is a very major piece of the tax reform, the incentive system,” Senator Golding added.The passage of the Bills forms part of the Government’s economic reform programme, and is one of the pivotal structural benchmarks of the administration’s four-year Extended Fund Facility (EFF) negotiated with the International Monetary Fund (IMF), aimed at reducing the country’s debt and spurring economic growth. RelatedDebate on CCJ Bills Begins December 3 RelatedHouse Passes Bill to Provide Easier Access to Loans for Businesses Advertisements Story HighlightsThe Senate on Friday, December 6, passed the Omnibus legislation which seeks to establish a transparent and coherent regime to govern all tax incentives.Minster of Justice, Senator Mark Golding, noted that the Omnibus legislation represents the most far reaching set of revisions of Jamaica’s tax incentive systems.He noted that a new tax incentive scheme is being designed to eliminate the existing sector based incentive programme and to transition to a generally competitive business tax regime.center_img Senate Passes Omnibus Tax Legislation ParliamentDecember 7, 2013Written by: Latonya Linton He noted that a new tax incentive scheme is being designed to eliminate the existing sector based incentive programme and to transition to a generally competitive business tax regime.“The Jamaican economy has not been well served by the existing regime of sector based incentives.  The consensus is that such incentives may have been partly responsible for Jamaica’s lacklustre record of growth by encouraging the misallocation of limited economic resources in our country,” Senator Golding said.“The fundamental shift in policy direction calls for a general competitive regime of corporate taxation, in other words, one that provides broad base incentives for investments and employment creation,” he added.He also explained that the Omnibus Tax legislation will ensure that an equitable rules-based system is created for all players within the industry and not just those who have “access to ministerial decision-makers.”For her part, Senator Sophia Frazer-Binns welcomed the passage of the legislation. “I believe that the implementation of these legislations coupled with the tangible encouragement that the government has been giving to the Micro, Small and Medium-sized Enterprises, that we can only have and experience more growth and development so that generations to come will be much better off,” Senator Frazer Binns said.Opposition Senator, Dr. Nigel Clarke noted that while the bill may improve on the current tax incentive system “it certainly does not transform” the tax system.“The tax incentive regime is not complete until the administrative weakness and complexes are addressed,” he stated.In his response, Senator Golding agreed that “there was more work to be done” to improve the system. RelatedSenate to Offer Sign Language Interpretation Come January FacebookTwitterWhatsAppEmail last_img read more

June 4, 2021

Jasper CEO urges operators to do more with Internet of Things

first_imgHome Jasper CEO urges operators to do more with Internet of Things Related Telenor targets IoT boost through unification Bharti Airtel makes enterprise IoT play Satellite IoT network provider bags €26M funding Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more VIDEO INTERVIEW: Mobile operators can play a more central role in the burgeoning Internet of Things (IoT) market if they play their cards right on networks and partnerships, according to Jahangir Mohammed, chief executive of Jasper, a cloud-based IoT software platform provider.“Operators could make their networks more useful and easy to use, as well as package software [on top of the network] to help enterprises transform,” he told Mobile World Live in a recent interview. “The true power of [the] Internet of Things is that it can help enterprises transform from a product business to a connected services business.”A bigger role will involve partnerships with the likes of Jasper, which plays in the service software space. Operators, he added, could do more in marketing and selling applications that enterprises might find useful.One of the IoT areas Mohammed sees holding out much promise is remote services, which can help enterprises make the transition he talks about. He gave the example of a copier machine manufacturer who can move from a business model based on a one-time equipment fee to one based on a charge per page.Another growing IoT category is the connected car. “In the next five years, pretty much every car sold will be connected,” said the Jasper boss. He sees home automation and security, and smart grids for more efficient energy distribution, as other hot IoT areas.“IoT is in early stages but momentum is growing and it’s going mainstream,” said Mohammed. “The growth we’ve seen in the last two years and what we’re seeing in the next two years is really amazing.”Watch the full video interview here. Author Previous ArticleTelkom Indonesia looks to buy stake in NZ’s Spark — reportNext ArticleBT delays consumer 4G because of Wi-Fi handover glitch – report Ken Wieland Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 06 OCT 2014 IoTJasperServicesTechnologylast_img read more

June 4, 2021

T-Mobile, Sprint win merger battle with US states

first_img Previous ArticleSenegal MVNO plots mobile money launchNext ArticleApple Pay tipped to cement mobile payment leadership A group of US state attorney generals vowed to continue exploring options to prevent a merger of T-Mobile US with Sprint, after the operators beat their legal challenge to the proposed $26 billion deal.A coalition of 14 state attorney generals argued in court the deal would harm competition and raise prices for consumers. However, a judge today (11 February) ruled the transaction “is not reasonably likely to substantially lessen competition”.Indeed, he stated the deal would “allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future”.The judge also noted he was not convinced “Sprint possesses the financial and operational means to survive in the near term as a national wireless carrier” without the merger.T-Mobile COO and CEO-elect Mike Sievert in a statement hailed the decision as a “big win”. The deal could be closed as early as 1 April, he said adding the companies were now “laser-focused on finishing the few open items that remain, but our eye is on the prize”.The operators previously secured approvals from the Federal Communications Commission and Department of Justice.However, New York Attorney General Letitia James, who helped lead the state campaign against the deal, indicated the attorney generals could still seek ways to stymie the deal, with an appeal of the court ruling one possibility.James declared the ruling “a loss for every American”, insisting “there is no doubt that reducing the mobile market from four to three will be bad for consumers, bad for workers, and bad for innovation”.In addition to a potential reaction from attorney generals, T-Mobile and Sprint must still secure approval from the California Public Utilities Commission, the last of 19 state-level regulators not to have a say on the merger. Subscribe to our daily newsletter Back Tags Diana Goovaerts Deutsche Telekom, SoftBank tipped for T-Mobile trade mergerSprintT-Mobile US Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Related T-Mobile US chief predicts market rebound Amazon reels in MGM Home T-Mobile, Sprint win merger battle with US states AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 FEB 2020 Authorlast_img read more

May 25, 2021

News / Box trade demand will finally surpass supply growth in 2020, says Danaos

first_imgThe Danaos-owned CMA CGM Rabelais © Atgimages Athens-based non-operating containership owner Danaos Corporation said today it expected container trade demand would surpass supply growth next year.During its third-quarter results presentation, chief executive John Coustas was bullish on the sector’s outlook, attributing the improving prospects to a combination of low orderbooks and the indirect windfalls for shipowners from the IMO’s 0.5% sulphur cap on marine fuel that comes into effect on 1 January.“We are aligned with the shipping analyst reports, and our expectation is that container trade demand growth will outpace supply growth for the first time in almost 10 years,” said Dr Coustas.He noted that the IMF was currently forecasting global GDP growth at 3.5% for next year, while analysts predict container trade expansion slightly higher, at 4%, compared with the growth in capacity, which is not expected to exceed 3%. By Mike Wackett 05/11/2019center_img “Market participants, mainly liner companies, have generally remained reluctant to place newbuilding orders until the US-China trade talks are settled and the IMO regulations come into effect,” he said.The lack of newbuild deliveries next year, together with the decrease in the containership fleet due to the retrofitting of scrubbers, would, according to Dr Coustas, continue to underpin the charter market next year.NYSE-listed Danaos reported that the containership charter market had “strengthened considerably during the last six months”, particularly for vessels over 5,500 teu – albeit, it said, there had also been an improvement in charter rates for panamax vessels.“Larger vessel classes have seen the greatest downtime (due to scrubber retrofitting) and we expect this to continue through 2020 and help to contribute to a healthy charter market. This coincides with improving underlying market demand supply fundaments,” said Danaos.During Q3, Danaos operated an average of 55 ships, ranging from 2,200 teu to 13,100 teu, which were generally fixed long-term with liner shipping companies.Fleet utilisation during the quarter stood at 98.7%, which compares with 97.4% for the same period the previous year.Net income for Q3 was $37.9m from operating revenue of $111.8m, and $110.7m for the nine-month period from $337m of revenue. As at 30 September, the total contracted revenue covered by charter parties stood at $1.4bn.As a consequence of improved daily hire rates, the asset value of Danaos’s fleet has increased from $1.1bn in January to $1.38bn, according to the latest data from vesselsvalue.com. As an example, the asset value of the 13,100 teu Maersk Exeter, on long-term charter to Maersk, has jumped from $75m to $85m.In terms of adding ships to its fleet, on 2 October, Danaos completed the purchase of the 2005-built 8,100 teu Conti Champion from German shipowner Reederei NSB for a price of $25m. The vessel is expected to be delivered by the end of May and it is understood that a long-term charter has already been agreed with a major container line.last_img read more

May 24, 2021

More Atlanta Hawks Drama, GM Ferry Cited for Racial Remarks

‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Party Share Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility Related Stories For Whom The Bell Rings 1:48 | Play story Add to My ListIn My List There’s more fallout for the Atlanta Hawks.After an offensive email from majority owner Bruce Levenson was revealed, now comes additional information about racial remarks from general manager Danny Ferry.WABE’s Rose Scott has the latest.Broadcast version of this story.1:48Like all the NBA teams this off season, the Hawks were looking to add players through the free agent market.On a scouting conference  call, Hawks general manager Danny Ferry says he was only repeating comments from other sources about free agent Luol Deng.Ferry admits to saying, “He’s a good guy overall. But he is not perfect. He’s got some African in him. And I don’t say that in a bad way.”Deng was born in Sudan.While unfortunate, it’s not uncommon that all kinds of remarks are made about players says Joe Perez of Sports Business Daily.“I think people say things all the time that if were made to be made public a lot of people would be disappointed, upset…angry.”In a document first reported by local television station Fox Five, Ferry comments are detailed by Hawks co-owner Michael Gearon Jr.Ferry also said of Luol Deng, “He’s like a guy who would have a nice store out front but will sell you counterfeit stuff out of the back.”According to letter, Ferry went on to describe a person of African descent as a two-faced liar and cheat.Ferry’s comments were so inflammatory that co-owner Michael Gearon Jr. wanted Ferry fired.Given all the drama with the Hawks regarding Bruce Levenson and his racially charged email, Joe Perez believes , there’s no way Ferry will keep his job and especially with a new owner.“The Hawks reputation will be staked on whether or not they keep Danny Ferry around.  The new owner is not going to want to have to say, all right, people are going to take us seriously depending on if Danny Ferry is employed here. That’s not a good look.”Ferry has apologized and will reportedly be disciplined by ownership.Hawks owners and Danny Ferry have yet to respond to WABE’s interview request. read more