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India's Zydus Cadila signs pact with Gilead to make remdesivir
Indian drugmaker Zydus Cadila said on Friday it signed a non-exclusive agreement with Gilead Sciences Inc to manufacture and market antiviral drug remdesivir, the first treatment to show improvement in COVID-19 trials. (Reporting by Anuron Kumar Mitra in Bengaluru)
[ reuters.com ] companyNews,Amazon implements one-year moratorium on police use of facial recognition software
Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the use of racially biased surveillance technology amid ongoing protests in the United States. (Reporting by Ayanti Bera in Bengaluru; Editing by Anil D'Silva)
[ reuters.com ] companyNews,Brazil petrochemical producer Braskem has signed naphta supply contracts with Petrobras for Bahia, Rio Grande do Sul units- filing
Brazil's braskem says 5-year contracts will supply at least 650,000 tonnes of naphta- filing Brazil petrochemical producer braskem says has signed naphta supply contracts with petrobras for its units in bahia and rio grande do sul- filing (Reporting by Tatiana Bautzer)
[ reuters.com ] companyNews,AstraZeneca approaches Gilead about potential merger - Bloomberg News
AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc about a potential merger, Bloomberg News reported https://bloom.bg/3h2GU9e on Sunday, citing people familiar with the matter. (Reporting by Rama Venkat in Bengaluru Editing by Raissa Kasolowsky)
[ reuters.com ] companyNews,Facebook's Zuckerberg says working on products to promote racial justice
Facebook Inc has started a workstream for building products to advance racial justice in response to the ongoing protests in the country, Chief Executive Officer Mark Zuckerberg said on Friday. (Reporting by Ayanti Bera in Bengaluru; Editing by Anil D'Silva)
[ reuters.com ] companyNews,AMC Entertainment raises going concern doubts
AMC Entertainment Holdings Inc, the world's largest movie theater operator, said on Wednesday it has "substantial doubts" about its ability to keep running its business for a "reasonable period of time" due to the COVID-19 impact. (Reporting by Neha Malara in Bengaluru)
[ reuters.com ] companyNews,Argentine bonds up 3.5% after new debt restructuring proposals unveiled
Argentine over the counter bonds ended 3.5% higher on Friday after new debt restructuring proposals from the government and its creditors were unveiled. (Reporting by Walter Bianchi; Editing by Sandra Maler)
[ reuters.com ] companyNews,Fortuna Silver's Mexican unit says will restart San Jose mine
The Mexican unit of Canadian miner Fortuna Silver will restart operations at its San Jose mine in the southern state of Oaxaca after receiving government authorization to do so, the company said in a statement on Wednesday. (Reporting by Raul Cortes Fernandez)
[ reuters.com ] companyNews,Quest Diagnostics launches workforce testing for coronavirus
Quest Diagnostics Inc on Wednesday launched services to support large-scale testing for the new coronavirus, as companies look to bring employees back to offices safely. The company said it was scaling up its COVID-19 lab operations to accommodate expected demand. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli)
[ reuters.com ] companyNews,Novavax buys Praha Vaccines for $167 mln to boost COVID-19 vaccine production
Drug developer Novavax Inc on Wednesday acquired Praha Vaccines, a unit of India's Cyrus Poonawalla Group, for about $167 million as it looks to boost capacity to produce its COVID-19 vaccine candidate. The acquisition includes a biologics manufacturing facility in Czech Republic, the company said, adding that the facility is expected to provide an annual capacity of over 1 billion doses of antigen starting in 2021 for its COVID-19 vaccine candidate, NVX-CoV2373. (Reporting by
[ reuters.com ] companyNews,Cboe Global to reopen options trading floor on June 8
Exchange operator Cboe Global Markets said on Tuesday it plans to reopen its options trading floor in Chicago and resume trading operations on the floor on June 8. (Reporting by C Nivedita in Bengaluru; Editing by Aditya Soni)
[ reuters.com ] companyNews,Uber India cuts 600 jobs amid coronavirus outbreak
Ride hailing company Uber Technologies Inc's Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus lockdown that has brought businesses to a grinding halt, Uber India President Pradeep Parameswaran said on Tuesday. (Reporting by Chandini Monnappa in Bengaluru; Editing by Vinay Dwivedi)
[ reuters.com ] companyNews,Panama's Copa Airlines says it plans to resume flights on June 26
Panama's Copa Airlines on Monday said in an email to customers that it plans to resume flights on June 26, after the Central American country's government extended a ban on international travel for 30 more days. (Reporting by Diego Ore; writing by Julia Love, Editing by Franklin Paul)
[ reuters.com ] companyNews,Brazil's BRF ends stock buyback program after purchasing 4,836,000 shares
Brazilian food company BRF SA said in a securities filing on Monday it ended a stock buyback program after purchasing 4,836,000 shares representing 0.60% of its capital stock. (Reporting by Ana Mano Editing by Nick Zieminski)
[ reuters.com ] companyNews,Test please ignore
Test please ignore (Reporting By BalaSubramanya Aithal)
[ reuters.com ] companyNews,UK PM Johnson plans to cut Huawei's involvement in UK's 5G network - The Telegraph
British Prime Minister Boris Johnson is planning to reduce Chinese telecoms equipment maker Huawei Technologies Co Ltd's involvement in Britain's 5G network in the wake of the coronavirus crisis, the Daily Telegraph newspaper reported. (Reporting by Kanishka Singh in Bengaluru; editing by Diane Craft)
[ reuters.com ] companyNews,Alibaba group holding to invest 10 billion yuan in artificial intelligent system
Alibaba Group Holding Ltd will invest 10 billion yuan ($1.41 billion) into an AI (artificial intelligence) and IoT (Internet of Things) system centered around its Tmall Genie smart speaker, the company announced on Wednesday. ($1 = 7.1039 Chinese yuan renminbi) (Reporting by Josh Horwitz, editing by Louise Heavens)
[ reuters.com ] companyNews,Disney's Mayer to become TikTok CEO
Walt Disney Co said on Monday its top streaming executive, Kevin Mayer, will leave to become the Chief Executive Officer of Bytedance's popular video app TikTok. (Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj Kalluvila)
[ reuters.com ] companyNews,AmEx says employees can work from home through 2020
American Express Co employees that are able to work from home should continue to do so for the rest of the year, Chief Executive Officer Steve Squeri said in a video message on LinkedIn as he spoke about a return-to-office plan. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Vinay Dwivedi)
[ reuters.com ] companyNews,Hc2 holdings nears settlement with activist MG Capital for board seats-sources
HC2 Holdings Inc is nearing a settlement with activist investor MG Capital that would bring four newcomers onto the six-member board of the company being run by former hedge fund manager Philip Falcone, sources familiar with the discussions said on Wednesday. (Reporting by Svea Herbst-Bayliss; Editing by Sandra Maler)
[ reuters.com ] companyNews,