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Waiving intellectual property protections for Covid-19 vaccines will not help to address the global supply shortage, the co-founder of a Massachusetts-based biopharmaceutical company told CNBC. The push for patent waivers is “political theater” and does not inherently allow others to create safe and effective vaccines, which are already very difficult to make, said Jake Becraft,
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Centers for Disease Control and Prevention Director Dr. Rochelle Walensky is seen during a Senate Health, Education, Labor and Pensions Committee hearing to discuss the on-going federal response to COVID-19, at the U.S. Capitol in Washington, D.C., May 11, 2021. Greg Nash | Pool | Reuters CDC Director Dr. Rochelle Walensky defended the agency’s decision
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Thomas Fields, founder of GRIND basketball. Source: GRIND The term has become popular in pro basketball, but Thomas Fields really did “trust the process” as he lured money from investors, including Mark Cuban, to expand his company. Fields is the founder of GRIND, a sports equipment company, and convinced the Dallas Mavericks owner to buy
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A shortage of semiconductors is inflicting pain on the automotive industry, forcing companies to cut production and leaving dealers with reduced inventory. Industry analysts estimate the shortage could cost the entire industry $60 billion. That includes automakers, suppliers and dealers, among others. In early 2020, automakers were reeling from production slowdowns due to Covid-19 pandemic
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Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX Elon Musk’s SpaceX on Thursday revealed in filings to the Federal Communications Commission its plan for the next step in testing its massive Starship rocket, in a flight that would splash down off the coast of Hawaii. SpaceX has conducted multiple test
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In this article TSLA BTC.CB= ETH.CM= XRP.CM= Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when
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Prime Minister Narendra Modi is under growing pressure to call for another nationwide lockdown in India as the overwhelmed health-care system struggles to fight a devastating second Covid-19 wave. But one member of Modi’s economic advisory council says state governments should have the final say in social restrictions instead. “All things considered, the current policy
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Kathrin Jansen, Pfizer Inc, poses for a portrait in one of her labs in Pearl River, New York. Carlo Allegri | Reuters The mRNA technology used to develop the Pfizer–BioNTech Covid-19 vaccine could also help create “more potent” seasonal flu shots, Kathrin Jansen, head of Pfizer’s vaccine research and development, told CNBC. How well flu
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World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a press conference organised by the Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, caused by the novel coronavirus, on July 3, 2020 at the WHO headquarters in Geneva. FABRICE COFFRINI | AFP | Getty Images A World Health Organization official said Monday
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