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Shares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company's new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax's stock almost doubled on Friday after it announced the licensing agreement with Sanofi. Under the agreement, Sanofi will take a less than 5% stake in Novavax. Sanofi, one of the world's largest vaccine makers, will co-market Novavax's Covid vaccine in most countries starting in 2025. The deal also allows Sanofi to use Novavax's Covid shot and flagship vaccine technology, Matrix-M adjuvant, to develop new vaccine products.
Persons: Novavax, Sanofi, John Jacobs Organizations: French, Sanofi, Novavax, CNBC Locations: Novavax
Melinda French Gates, one of the world’s most influential philanthropists and the ex-wife of Microsoft co-founder Bill Gates, announced Monday that she was resigning from the foundation that she and her husband founded. In a post on X, Ms. Gates said she was “immensely proud” of the work of the Bill and Melinda Gates Foundation, which she and Bill Gates started in 2000. As one of the biggest donors at the World Health Organization, it exerts a considerable level of influence over the policies in developing countries, especially in health and education. Mr. and Ms. Gates announced their plans to divorce in May 2021, after 27 years of marriage. The foundation at the time said they would remain co-chairs of the organization.
Persons: Melinda French Gates, Bill Gates, Gates, Melinda Gates Organizations: Microsoft, Melinda Gates Foundation, World Health Organization
Melinda French Gates announced she's resigning as co-chair of the Bill & Melinda Gates Foundation. Advertisement"The time is right for me to move forward into the next chapter of my philanthropy," she wrote in a statement on X. She added that she'll have "an additional $12.5 billion to commit to my work on behalf of women and families" thanks to an agreement with her ex-husband, Microsoft founder and billionaire Bill Gates. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Persons: Melinda French Gates, she's, Melinda Gates, Bill Gates Organizations: Melinda Gates Foundation, Microsoft, Business
Melinda Gates, co-founder of the Bill and Melinda Gates foundation arrives at the Elysee Palace in Paris, France on July 01, 2021. Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, announced on Monday she would resign as co-chair of the Bill & Melinda Gates Foundation next month. Bill Gates in a separate statement said, "I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work." French Gates has also devoted significant amounts of time and money towards gender equality initiatives worldwide. In 2015, she founded Pivotal Ventures, a separate entity from the Gates Foundation, which focused on removing barriers to access and opportunity for minorities and women in the U.S.
Persons: Melinda Gates, Melinda French Gates, Bill Gates, French Gates, Gates, Melinda Organizations: Microsoft, Melinda Gates Foundation, Ventures, Gates Foundation Locations: Paris, France, French, Africa, South Asia, U.S
How I think about Jim Simons' legacy, and a trade on one of the most successful retailers, Costco, follows. First, a contrarian view in Costco: Costco (COST) is one of the best performing retailers over the past year. Last week, Costco released their four-week retail sales results for the period between Monday, April 8th and Sunday, May 5th. There is only one thing I don't like about Costco, the price. The weak form suggests past market prices, which are generally observable, are fully reflected in stock prices.
Persons: Jim Simons, that's, Jim, James Surowiecki, Francis Galton, Eugene Fama Organizations: Costco, Fund Locations: Costco, U.S, New York, Surowiecki
Melinda French Gates to resign from Gates Foundation
  + stars: | 2024-05-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMelinda French Gates to resign from Gates FoundationContessa Brewer joins CNBC's 'Halftime Report' to report on Melinda Gates' plans to leave her role at the Gates Foundation.
Persons: Melinda French Gates, Gates Foundation Contessa Brewer, CNBC's, Melinda Gates Organizations: Gates Foundation
Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.
Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, , Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, , Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, , Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary
If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.
Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, , SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, , European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes
In a bitter public feud, hip-hop stars Drake and Kendrick have exchanged personal slurs. Since March, the two have traded increasingly personal and aggressive diss tracks. AdvertisementAfter weeks of the bitter public feud between Drake and Kendrick Lamar finally looks like it's over — or at least dying down. And the rap stars didn't hold back trading a series of increasingly aggressive and unpleasant diss tracks. Ultimately, it seems unlikely that either rapper will end up suing for defamation over the slur-laden diss tracks.
Persons: Drake, Kendrick, , Kendrick Lamar, Lamar, Cole, didn't, Taylor, J, Prince Williams, Arturo Holmes, Matt Ford, Kendrick's, Daliah, Lamar —, Sapar, defamers, Saper, , Harvey Weinstein, Adonis, Sophie Brussaux, that's, They're, It's Organizations: Service, Metro, The Met Museum, New, Saper, intel Locations: LA, New Republic
Learn moreGrand Prix de France, or the French Grand Prix, is back for another year. We've got all of the details on where to watch the MotoGP race, including a free live stream. Where to watch MotoGP in the USMax is the streaming home of MotoGP in the US. Shop at MaxWhere to watch MotoGP in AustriaAll MotoGP races air on ServusTV in Austria. How to watch MotoGP from anywhereIf you're outside Austria at the moment, you can still access the free French MotoGP live stream with a VPN.
Persons: We've, Marco Bezzechi, Jorge Martin, Francesco Bagnaia, Max, HBO Max, it's, ExpressVPN Organizations: Business, Prix de France, Bugatti Circuit, MotoGP, HBO, Warner Bros, Austria Locations: Le Mans, France, ServusTV, Austria
We'll show you how to live stream the Eurovision Grand Final from anywhere, including free options. Where to watch Eurovision Grand Final in the USEurovision live streams on Peacock in the US. Shop at Peacock TVWhere to watch Eurovision Grand Final in the UKIn the UK, Eurovision airs on the BBC. Where to watch Eurovision Grand Final in SpainIn Spain, Eurovision streams for free through RTVE Play. Where to watch Eurovision Grand Final in IrelandIn Ireland, Eurovision live streams for free on RTÉ One through the RTÉ Player.
Persons: Peacock, ExpressVPN Organizations: Business, Eurovision, BBC, France France TV, Ireland, YouTube Locations: Sweden, France, Spain, Italy, Germany, Ireland, France France
CNN —Rafael Nadal said he is unsure whether he will be able to play at the French Open for likely the final time later this month, after he was defeated in the second round of the Italian Open by Hubert Hurkacz on Saturday. “The decision (to appear at the French Open) as you can imagine, is not clear in my mind today,” the 22-time grand slam winner said afterwards, according to the ATP Tour. 9 Hurkacz in Rome, in what was likely his last appearance at a tournament he has won a record 10 times. Nadal has won the Italian Open 10 times during his career. Nadal told reporters on Saturday that there were two ways for him to approach this year’s French Open.
Persons: CNN — Rafael Nadal, Hubert Hurkacz, Roland Garros, ” Nadal, Nadal, Guglielmo Mangiapane, , Organizations: CNN, ATP Locations: Rome
Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.
Persons: Angela Alsobrooks, who’s, , Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, , Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, , Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, , GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Novavax on Friday said it has signed a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize the company's Covid vaccine starting next year and develop combination shots targeting the coronavirus and the flu, among other efforts. Part of the deal allows Sanofi to use Novavax's Covid shot and flagship vaccine technology, Matrix-M adjuvant, to develop new vaccine products. Novavax is also entitled to royalty payments on Sanofi's sales of its Covid vaccine and combination shots targeting coronavirus and the flu. Under the deal, Sanofi will also take a less than 5% stake in Novavax.
Persons: Novavax, Sanofi, John Jacobs, Jacobs Organizations: Dutch Health Service Organization, French, CNBC, Health, Pfizer, Moderna, Sanofi Locations: The Hague, Netherlands, Novavax
Discover Le Havre, Where Impressionism Was Born
  + stars: | 2024-05-10 | by ( Elaine Sciolino | ) www.nytimes.com   time to read: 1 min
As the fog of dawn lifted one morning in mid-November 1872, Claude Monet looked out the window of his hotel room in the French city of Le Havre and furiously painted his vision of its industrial harbor. He flung his brush with quick strokes and played with the water, stretching it with rays of color. In one sitting, he created “Impression, Sunrise,” a painting of a vivid orange sun with its reflection shimmering in the sea. In 1874, Monet, who grew up in Le Havre on the Normandy coast, included the painting in an exhibition of 30 artists’ work organized in response to the Paris Salon, an annual showcase of academic art. “I thought to myself, this has made an impression on me so there must be impressions somewhere in there.”
Persons: Claude Monet, Le Havre, Monet, Louis Leroy, , Organizations: Paris Salon Locations: French, Le, Le Havre, Normandy
Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Array's first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Victoria's Secret — Shares rose almost 6% after the intimate apparel maker reported better-than-expected preliminary first-quarter results and reaffirmed its guidance. Mettler-Toledo posted first-quarter adjusted earnings of $8.89 per share on revenue of $925.9 million.
Persons: Sanofi, Sweetgreen, LSEG, Array's, FactSet, Natera, Insulet, JFrog, Yun Li, Michelle Fox, Brian Evans, Hakyung Kim, Darla Mercado Organizations: French, Taiwan Semiconductor Manufacturing, Unity Software, LSEG, Technologies, Akamai Technologies, Revenue, , Norton, Citi, Toledo —, Mettler Locations: Toledo
CNN —French football superstar Kylian Mbappé confirmed he will leave Paris Saint-Germain (PSG) at the end of the season, the 25-year-old said in a video posted on social media Friday. Mbappé said he will not extend his contract with the French club and that he will play his final match at the Parc des Princes on Sunday when PSG hosts Toulouse. “I have always known, but I think I needed this, a new challenge after seven years,” Mbappé said. I haven’t always lived up to the love you all gave me for seven years but I never want to cheat. Mbappé did not mention where he will play next year but earlier this year, he reportedly agreed to join Real Madrid.
Persons: Kylian Mbappé, Germain, Mbappé, , ” Mbappé, haven’t, , Mauroy Organizations: CNN — French, Paris Saint, PSG, Parc des Princes, Sunday, Toulouse, “ PSG, AS Monaco, Real Madrid, Olympique Lyonnais, Stade Pierre Locations: Paris, Parc des, It’s, Villeneuve, d’Ascq, France
The union for French air traffic controllers reached a deal to avoid a strike. Les Echos reported it includes authorization to turn up to work three hours late, and leave early. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrench air traffic controllers have been given the legal right to turn up three hours late for work, and leave three hours early, Les Echos reported. That's because the National Union for Air Traffic Controllers (SNCTA) reached an agreement that includes ending a practice called "clearances" — where staff could leave work during quiet periods, according to the French newspaper.
Persons: Les Echos, Organizations: Service, National Union for Air Traffic, Business Locations: Paris
I'm from Athens, Greece, and I travel around the islands all the time staying at luxury resorts. Some of my favorite spots in Crete are Stella Island Resort and ACRO Suites. And if you're looking for luxury, I've found some of the best resorts in the country. One&Only Aesthesis Resort, AthensOne&Only is a global brand, but the chain's first luxury resort in Greece is located in Glyfada, right by the sea. AdvertisementStella Island Resort, Heraklion, CreteStella Island is an adults-only resort that's great for solo women, couples, or honeymooners.
Persons: Sani, , I've, Mari, Cavo, Fani Mari, Halkidiki Sani, Milos Cove, Milos, Milos —, Aphrodite, Porto, Sven Hansche Organizations: Service, Delta Air Lines, UNESCO, Cavo, Porto Heli Porto Heli, Porto Cheli Locations: Athens, Greece, Crete, Stella, Mystras, Mykonos, Glyfada, Kea, Antiparos, Heraklion, Crete Stella, Maldives, Agia Pelagia, Kiev.Victor, Zakynthos, Peloponnese, UNESCO, Spetses
All-inclusive hotels are making a big play for luxury travelers. In the wake of the pandemic, demand for all-inclusive resorts skyrocketed, according to a report by JLL Research Hotels & Hospitality. It was then that travelers discovered that the all-inclusive resorts of the past — known for bottom-shelf booze and quantity-over-quality dining — had changed. The numbers are even higher in Mexico, where upper upscale and luxury all-inclusive resorts accounted for more than half (55%) of its all-inclusive resorts in 2022. "In addition to elements that you receive by booking an all-inclusive resort, private and additional amenities help to elevate that experience."
Persons: Travelers —, Karina Arguello, Kelly Connor, they're, Saint Vincent, Cooper Organizations: JLL Research, Hospitality, Travelers, Marriott, Hilton, Westin, Casino, Med, AAA Club Alliance, Royal Locations: Dominican Republic, Mexico, JLL, DoubleTree, Maldives, Mauritius, Italy, France, Tignes, Caribbean, New Jersey, Grenadines, Royal Curacao, They're
For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.
Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, , Baker, Pierre Balmain, , sparkles, , Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s
BRUSSELS, Belgium — European diplomats have already started key negotiations on who will take the main jobs at the European Union following elections next month. Voters across the 27-member EU are heading to the polls between June 6 and 9 to choose the next set of representatives in the European Parliament. The very top EU jobs, which aren't directly elected, then get dished out in the weeks following. Diplomats within the EU are already trying to figure out who will be leading the three big institutions in the coming years: The European Commission, the European Council and the European Parliament. "Von der Leyen has a lot of support from European heads of state," one of the three sources told CNBC via telephone.
Persons: aren't, Ursula von der Leyen, Von der Leyen, Emmanuel Macron, Christine Lagarde Organizations: European, Voters, EU, Parliament, Diplomats, European Commission, European Council, CNBC, European Central Bank Locations: BRUSSELS, Belgium, policymaking, Brussels
American Airlines announced a charter flight to France for 70 World War II veterans. AdvertisementDozens of World War II veterans will enjoy a free flight to France to commemorate the 80th anniversary of the D-Day landings. American Airlines announced Wednesday that it will fly 70 veterans aboard a chartered Boeing 787-9 Dreamliner. It will fly 60 World War II veterans directly to Normandy for the third year in a row. AdvertisementOne of the veterans being flown by AA is Frank Perry — a former pilot with Piedmont Airlines, which later became part of American.
Persons: , Frank Perry —, Felix Maurizio, We're, David Seymour Organizations: American Airlines, Forth, Service, Boeing, Fort Worth Airport, Delta Air Lines, AA, Piedmont Airlines, Army Air Corps, US Navy, Omaha Beach Locations: France, Dallas, Forth Worth, Paris, Normandy, Omaha
A hiker discovered the 400-year-old remains of a wealthy man on a glacier in the Swiss Alps. © Valais History Museum, Sion; Michel MartinezAll these items dated to around 1600 AD. Archaeologists uncover mule bones on the Theodul glacier in Switzerland, near Zermatt. © Valais History Museum, Sion; Michel MartinezHe wasn't a soldier-for-hire after all, a 2015 paper concluded. Andenmatten steps out of a freezer where artifacts are stored in the basement of the Valais History Museum archives.
Persons: Michel Martinez, They're, Pierre, Yves Nicod, Nicod, Ambroise Héritier, Morgan McFall, Johnsen, Sophie Providoli, It's, you've, haven't, Philippe Curdy, Romain Andenmatten, Spain's, Emilio Morenatti, Paul HANNY, Ötzi, Andenmatten Organizations: Service, . Business, Business, AP, Johnsen Archaeologists Locations: Swiss, Switzerland, Italy, Valais, Sion, du Valais, Zermatt, Germany, Aosta, Russia, Vilanova, Sau, Catalonia, Spain, Florida, Austria
Beethoven’s genome was made publicly available, inviting researchers around the world to investigate lingering questions about Beethoven’s health. Meanwhile, scientists continue to figuratively go over the authenticated locks of Beethoven’s hair with a fine-tooth comb, teasing out surprising insights. But at the time the researchers did not test Beethoven’s newly authenticated hair samples for lead. Because the researchers don’t have hair samples from earlier in Beethoven’s life, it’s impossible to understand when the lead poisoning started, Meredith said. But Rifai said he saw comparable lead levels when he conducted research in two villages in Ecuador where the main trade is to glaze tiles with lead from batteries.
Persons: Ludwig van Beethoven’s, Beethoven, , Christian Reiter, Hiller, Thayer, Anton Halm, William Meredith, Nader Rifai, Meredith, Rifai, Paul Jannetto, he’d, Johann Adam Schmidt, Beethoven’s, , ” Meredith, Friedrich Schiller’s, Joy, it’s Organizations: CNN —, Center of Forensic Medicine, Medical University of Vienna, Harvard Medical School, Boston Children’s Hospital, Mayo Clinic, Beethoven, Symphony, Ninth, Ninth Symphony Locations: United States, Ecuador, Vienna
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