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☆ Britain's NICE to speed up reviews of COVID-19 treatments
▼ + stars: | 2023-02-16 | by ( Maggie Fick | ) www.reuters.com time to read: +3 min

LONDON, Feb 16 (Reuters) - Britain's agency that determines if medicines should be used in the National Health Service (NHS) said on Thursday it is speeding up how it decides if COVID-19 therapies are still effective against circulating variants. The new review process will enable the agency to update its recommendations on the cost-effectiveness of COVID treatments so they can be made available more swiftly to patients, it said. "The rapidly evolving nature of COVID-19 means we need to have a way of establishing the cost effectiveness of existing medicines against current variants in an agile way," the National Institute for Health and Care Excellence (NICE) said. It said there is no evidence of Evusheld's clinicial effectiveness against current variants and those likely to be circulating in the next 6 months. The announcement comes as demand for COVID treatments appears set to drop this year, due to population immunity from high rates of vaccination and previous infections.

☆ California’s heavy rains deliver hope of a lifeline for one devastated industry – rice
▼ + stars: | 2023-02-16 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +8 min

After years of drought, California has received an epic amount of rain already in 2023. The Sacramento Valley is the hub of California’s rice production. During the seed planting and growing season, which runs from March through August, farmers flood rice fields with up to five inches of water. The way the rice business goes is how the economy goes,” Ponciano said. “After harvest season, the sky over the rice fields would be filled with geese and ducks,” he said.

☆ Boies, co-counsel move to grab control of all private FTX cases
▼ + stars: | 2023-02-13 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Judicial Panel on Multidistrict Litigation, that the judge overseeing their Miami cases, U.S. District Judge Michael Moore, has already proven in their brand ambassador cases that he can steer FTX cases quickly and efficiently. Not everyone pursuing claims on behalf of FTX customers agrees with Boies and Moskowitz. (To be clear, these private cases are different from cases that could be brought by a court-appointed receiver or trustee in FTX’s Chapter 11 bankruptcy.) If the cases go to California, the California slate is a likelier candidate. It will be a few months before any ruling on the Boies and Moskowitz consolidation petition.

☆ Maps: The devastating earthquakes in Turkey and Syria
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +12 min

Terrain map showing the 7.8- and 7.5-magnitude earthquakes near the eastern border of Turkey and Syria. A woman stands near rubble and damage in Gaziantep, Turkey, Feb. 7, 2023. REUTERS/Firas Makdesi A section of the earthquake damaged D420 road in Demirkopru, Turkey, Feb. 8, 2023. REUTERS/Umit Bektas A man walks past a partially-collapsed building in Pazarcik, Turkey, Feb. 9, 2023. REUTERS/Suhaib Salem People inspect the damage as rescuers search for survivors in Hatay, Turkey, Feb. 8, 2023.

☆ Twitter restored in Turkey after meeting with government officials
▼ + stars: | 2023-02-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Elon Musk Twitter page seen on mobile with his poll to step down as head of TwitterAccess to Twitter was restored in Turkey late Wednesday after network restrictions left people in the country unable to use the site, according to internet monitoring site NetBlocks. NetBlocks said on Twitter Wednesday that its network data showed access to the platform being restored "following hours of filtering." Elon Musk, Twitter's CEO, tweeted the company was "informed by the Turkish government that access will be reenabled shortly." Twitter was blocked for many Turks on Wednesday after a series of earthquakes hit Turkey and Syria on Monday. Nine hours apart and measuring a magnitude of 7.8 in Turkey and 7.5 in Syria on the Richter scale, the quakes were the region's strongest in nearly a century.

☆ Turkey's devastating earthquake comes at a critical time for the country's future
▼ + stars: | 2023-02-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

One major emerging markets guru, Mark Mobius of Mobius Capital Partners LLP, remains bullish despite the earthquake disaster and economic problems. "When it comes to investing in Turkey, we still believe it's a viable place to invest," Mobius said. Mobius did note the glaring issue of Turkey's earthquake preparation, which may soon come to haunt Erdogan's election chances. NATO and Turkey's powerful role on the global stageInternationally, Turkey's future affects the war in Ukraine, given Erdogan's role as a mediator between Ukraine and Russia. Russian President Vladimir Putin is expected to meet Turkey's President Recep Tayyip Erdogan on Thursday.

That announcement came after nearly four months of intense talks complicated by concerns about the sharing of intellectual property as Renault sought tie-ups with companies outside their alliance. The deal will see the French carmaker reduce its stake in Nissan to 15% from around 43%. That will see Renault put around 28% of the Japanese automaker in a French trust, crucially making the two more equal partners. While Renault bailed out Nissan two decades ago, it is the smaller automaker by sales. "One almost wonders what's the point of them having any stake in either one, any stake at all," Richter said.

☆ Explainer: Why was the Turkey-Syria earthquake so bad?
▼ + stars: | 2023-02-06 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

[1/2] A damaged vehicle is seen on top the rubbles after an earthquake in Iskenderun, Turkey February 6, 2023. The epicentre was about 26 km east of the Turkish city of Nurdagi at a depth of about 18 km on the East Anatolian Fault. During the 20th century, the East Anatolian Fault yielded little major seismic activity. But in 1822, a 7.0 quake hit the region, killing an estimated 20,000 people. The East Anatolian Fault is a strike-slip fault.

☆ Here's where to look for the next developments in the fight against Alzheimer's disease
▼ + stars: | 2023-01-17 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +10 min

The Centers for Disease Control and Prevention estimates 5.8 million Americans were living with the disease in 2020 . BIIB 6M mountain Biogen's stock is trading well above its lows Leqembi treats Alzheimer's disease by targeting amyloid-beta plaques in the brain. Attention shifts to Eli Lilly Shares of other Alzheimer's drug developers have often mirrored Biogen's moves. Small drug developers Smaller Alzheimer's drug developers have also been boosted by research developments. Still in an early stage of its research, Prothena has traded as a proxy for developments in Alzheimer's treatment.

☆ Blockdaemon CEO discusses blockchain adoption following the fall of FTX and what 2023 holds for crypto
▼ + stars: | 2023-01-02 | by ( Mai Tejapaibul | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlockdaemon CEO discusses blockchain adoption following the fall of FTX and what 2023 holds for cryptoCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Konstantin Richter, the founder and CEO of Blockdaemon, breaks down whether crypto's adoption rate will slow down following the collapse of FTX.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolana soars, and Bahamian regulator says it seized $3.5 billion of FTX assets: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Konstantin Richter, the founder and CEO of Blockdaemon, breaks down whether crypto's adoption rate will slow down following the collapse of FTX.

☆ Hungary's Richter expects to pay $74.44 million in windfall taxes in 2022
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

Companies Richter Gedeon Vegyeszeti Gyar Nyrt FollowBUDAPEST, Dec 27 (Reuters) - Hungarian drugmaker Richter expects (GDRB.BU) to pay about 28 billion forints ($74.44 million) worth of extra taxes this year, it said on Tuesday, hit by tax hikes on big businesses to plug budget holes. Prime Minister Viktor Orban's government announced on Friday that a windfall tax imposed on drug producers based on net revenues in 2022 and 2023 would increase progressively, rising to 8% on net revenues exceeding 150 billion forints ($398 million). The 2022 tax take represents some 14% of Richter's nine-month net profit, which more than doubled from the same period a year earlier, boosted by favourable exchange rate effects. "The tax is expected to be accounted under Other expenses thus will proportionally lower the Company's operating profit and free cash-flow for 2022," Richter said in a statement. "Other elements of financial targets set for 2022 and released in the public domain are kept unchanged."

☆ Hungary imposes windfall tax on drug producers to plug budget gap
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +1 min

BUDAPEST, Dec 24 (Reuters) - Hungary's government has imposed a windfall tax on drug producers based on net revenues generated in 2022 and 2023, as it tries to plug holes in the state budget. According to a government decree late on Friday, the rate increases progressively, and will be 8% on net revenues exceeding 150 billion forints ($398 million). Nationalist Prime Minister Viktor Orban earlier this year imposed big windfall taxes on a range of sectors including banks, insurers, energy and airlines. That rattled investors and recalled memories of similar taxes that the populist Orban had used to fix the budget after he swept to power in 2010. The decree said the new tax will be 1% on net revenues below 50 billion forints, and 3% on the part of revenues between 50 billion and 150 billion, jumping to 8% on net revenues exceeding 150 billion forints.

☆ Messi or Ronaldo? Football's hottest debate rages on in Qatar
▼ + stars: | 2022-12-08 | by ( Philip O'Connor | ) www.reuters.com time to read: +2 min

I think he's more versatile than Messi, who has a wonderful left foot, but Ronaldo is the better footballer and athlete," England fan David Barley told Reuters. Both are playing at their fifth World Cup but neither has yet won the trophy. It's probably Messi, but overall I prefer Ronaldo - I'm a Portugal fan, Sporting is my team, so Ronaldo," American fan Melo Barrows said. "Messi, Messi, absolutely Messi," he said. He's a good player, he scores also, he assists -- what a player, he's the best player of all time."

Dec 6 (Reuters) - The protester who ran onto the field during the World Cup game between Portugal and Uruguay holding a rainbow flag has told Reuters that FIFA president Gianni Infantino intervened to ensure he was set free by Qatari authorities. "Gianni Infantino is intelligent - Falco is free, no problem in Qatar," he explained in a Zoom interview from his home in Italy. "The police from Qatar are very like gentlemen, very friendly, asked me if I wanted water, coffee, a croissant. Ferri said he was in custody for around half an hour when the FIFA president suddenly appeared. "I'm forever trying to fight for a new world, I want no war in the world.

☆ Earthquake rattles Greece, felt in Athens
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: 1 min

ATHENS, Nov 29 (Reuters) - An earthquake with a preliminary magnitude of 5.0 shook central Greece on Tuesday and was felt as far as Athens, according to witnesses, but there were no immediate reports of casualties or serious damage. The quake occurred at 2006 GMT and its epicentre was 57 km (35 miles) northeast of Athens, according to the European-Mediterranean Seismological Centre. Earlier on Tuesday, an earthquake measuring 4.7 on the Richter scale shook the island of Evia, in central Greece, damaging old buildings in the area and forcing authorities to shut down schools protectively. Greece is often rattled by earthquakes, most causing no serious damage. Reporting by Renee Maltezou; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Hungary complains to EU about Ukrainian law's impact on some firms
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

Peter Szijjarto told a news briefing that Hungary would ask Brussels to take steps to ensure that Ukrainian authorities "should not make the operations of EU companies impossible". "These companies have not violated any rules, their only "sin" is that they also have a presence in Russia," he added. Szijjarto said Hungary would not be against a potential extension of the full customs free status for Ukrainian products that is in place in the EU until July 2023. Hungarian drugmaker Richter said earlier this month that due to a change in Ukrainian legislation meant that marketing authorization for some products may be revoked if a manufacturer operates and pays taxes in Russia. Richter said in its third-quarter earnings report that it planned to appeal a decision to suspend 35 of its products.

☆ This startup wants to use light-based chips to make driverless cars safe. Check out the pitch deck Scantinel Photonics used to raise its $10 million Series A.
▼ + stars: | 2022-11-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Scantinel Photonics has raised $10 million in Series A funding from PhotonDelta. The German startup uses photonics chips to make autonomous driving more precise and safe. The startup says the game-changer is its use of photonics chips. These photonics chips are used to make LiDAR solutions and devices — which are integrated into AVs, and key in helping vehicles to sense objects and estimate distances on the road. Scantinel says it is pioneering a "new wave of LiDAR technology" that's more immune to interference and precise in its imaging, said managing director Dr. Michael Richter.

☆ Tremors felt in Indonesia capital after earthquake in West Java
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/3] People gather as they are evacuated outside a building following an earthquake in Jakarta, Indonesia, November 21, 2022. REUTERS/Ajeng Dinar UlfianaJAKARTA, Nov 21 (Reuters) - A magnitude 5.6 earthquake rattled the Indonesian capital Jakarta for several seconds on Monday, the weather and geophysics agency (BMKG) said. The epicentre was on land in Cianjur in West Java, about 75 km southeast of Jakarta, and at a depth of 10 km (6.2 miles), BMKG said, adding there was no potential for a tsunami. Muchlis, who was in Cianjur when the quake hit, said he felt "a huge tremor" and the walls and ceiling of his office building were damaged. The United States Geological Survey (USGS) recorded the earthquake at a magnitude of 5.4 on the Richter scale.

☆ A year after hitting a record, here are the biggest Nasdaq-100 winners and losers
▼ + stars: | 2022-11-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

On Nov. 19, 2021, the Nasdaq-100 index — which is made up of the 100-largest Nasdaq Composite stocks — hit a record closing high of 16,573.34. DocuSign and Zoom Video have fallen more than 80% and 67%, respectively, since the Nasdaq-100 reached its record high. Megacap stocks such as Meta Platforms , Tesla and Amazon have also plunged over the past 12 months, in part due to their high valuations. Vertex Pharmaceuticals has rallied 69.5% since the Nasdaq-100 closed at a record. O'Reilly Automotive, T-Mobile and Gilead Sciences are also among the big Nasdaq-100 winners over the year since the Nasdaq closed at an all-time high.

☆ Goldman upgrades Biogen, says it’s poised to address early Alzheimer’s market next year
▼ + stars: | 2022-10-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Biogen shares have a lot more potential upside for investors thanks to positive new data around the company's early Alzheimer's drug, Goldman Sachs said Wednesday. The upgrade followed the company's earnings call, which had a big focus on the drug, lecanemab, an anti-amyloid antibody that is in phase 3 trials. Goldman also raised its revenue estimates for the drug to $14 billion in 2035, compared with prior estimates of $2 billion. "The company is now poised to address the early Alzheimer's disease market in 2023+ following the recent topline lecanemab Ph3 (CLARITY-AD) data," Goldman analyst Salveen Richter said in a note. "With BIIB shares now trading at ~$270 post the topline CLARITY-AD data, there is roughly ~$80/share reflected in the stock for Alzhiemer's disease," Richter said.

☆ Finnish seismologists detect five blasts in Russian waters
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

HELSINKI, Oct 25 (Reuters) - Finnish seismologists detected five underwater blasts in Russian waters in the Baltic Sea last week, the Helsinki University Institute of Seismology said on Tuesday. Four explosions were recorded on Thursday and one on Friday in Russian territorial waters in the Gulf of Finland, Tiira said, adding it had been clear that the observations had been caused by blasts and not by other seismic activity. "It can be seen in the shape of the signal and in the content of its frequency," he said. The institute did not know what had caused the blasts but that similar disturbances had been detected during previous naval drills and sweeping of old mines from the sea bottom, Tiira said. "We have detected explosions in that same area before, but not very often, not even every year," he said.

☆ All you need to know about the Nord Stream gas leaks — and why Europe suspects 'gross sabotage'
▼ + stars: | 2022-10-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

An initial crime scene investigation last week into what caused the gas leaks on the Nord Stream 1 and 2 pipelines reinforced suspicions of "gross sabotage." The explosions triggered four gas leaks at four locations — two in Denmark's exclusive economic zone and two in Sweden's exclusive economic zone. Neither of the Nord Stream pipelines was transporting gas at the time of the blasts, although they both contained pressurized methane — a potent greenhouse gas. A satellite image of the Nord Stream leak in the Baltic Sea, captured on Sept. 26, 2022. Environmental impactThe unexplained Nord Stream gas leaks pose serious questions about the incident's environmental impact.

☆ US Navy may analyze underwater audio recordings of Nord Stream gas pipelines' suspected attack, report says
▼ + stars: | 2022-10-06 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

The US has considered analyzing underwater audio recordings of the Nord Stream pipelines' damage, per CNN. It depends in part on the quality of Sweden and Denmark's sound recordings, sources told CNN. The Navy told CNN it was prepared to help investigations into the Nord Stream pipeline damage. Satellite images taken above the Nord Stream pipelines at the time of the event are difficult to examine because of cloudy weather, according to the European Space Agency. Examining underwater audio of the explosions could provide crucial information for the investigation, the sources told CNN.

☆ Hundreds of pounds of TNT were used to damage the Nord Stream pipelines, Sweden and Denmark tell the UN
▼ + stars: | 2022-10-01 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Leaks in the Nord Stream pipelines were caused by hundreds of pounds of explosives, the UN heard. Denmark and Sweden told the Security Council that TNT was used deliberately to damage the pipelines. More countries have said sabotage was to blame, but Russia suggested the US was responsible. Methane appears to be leaking from the pipelines, with Sweden and Denmark now suggesting they were caused by a massive explosion. But in a statement released on Telegram on Thursday, Moscow suggested that Washington had the most to gain from Nord Stream shutting down.

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