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Market Watch: Ford partners with GE, 3M to build ventilators, COVID-19 protective equipment
Category: Business News
A car maker, industrial conglomerate and Post-it Notes maker said Tuesday they are working together to help ease the COVID-19 national emergency, as they look to boost production of equipment to help prevent the spread of the novel coronavirus. “This is such a critical time for America and the world. It is time for action […]
Source: Market Watch
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Bloomberg: After 350% Jobless Jump, Norway Unemployment Is Worst Since WWII
Category: Business News
Norway’s unemployment rate shot up to the highest level since World War II, as the economic shutdown brought on by the coronavirus sends the richest Nordic economy into shock. The number of Norwegians seeking unemployment benefits rose almost 350% in the past two weeks, after companies temporarily laid off tens of thousands of workers to cope with the loss […]
Source: Bloomberg
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CNBC: Amazon AWS launches $20 million initiative to help fight the coronavirus
Category: Business News
Amazon AWS announced Friday it’s setting aside an initial $20 million to help accelerate research and development of diagnostic solutions. That includes, but won’t be limited to, helping push forward a more accurate, faster coronavirus COVID-19 test. “One area where we have heard an urgent need is in the research and development of diagnostics, which consist of rapid, […]
Source: CNBC
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Press Release: Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements with other central banks
Category: Business News
The Federal Reserve on Thursday announced the establishment of temporary U.S. dollar liquidity arrangements (swap lines) with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank (Denmark), the Bank of Korea, the Banco de Mexico, the Norges Bank (Norway), the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and […]
Source: The Federal Reserve
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Press Release: Roche initiates Phase III clinical trial of Actemra/RoActemra in hospitalised patients with severe COVID-19 pneumonia
Category: Business News
Basel, 19 March 2020- Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced we are working with the Food & Drug Administration (FDA) to initiate a randomised, double-blind, placebo-controlled Phase III clinical trial in collaboration with the Biomedical Advanced Research and Development Authority (BARDA), a part of the US Health and Human Services Office of the […]
Source: Roche
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