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CNBC: Thermo Fisher ships coronavirus tests, aims to produce 5 million tests a week by April

Category: Business News

The first batch of government-authorized coronavirus tests from Thermo Fisher Scientific have shipped off and the “dramatic ramp up” in production has begun, CEO Marc Casper told CNBC Monday. “We have already about 1.5 million tests in stock. We began shipping them yesterday and today,” Casper said in a “Mad Money” interview with Jim Cramer. “But we’re ramping […]

Source: CNBC


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CNBC: Eli Lilly CEO aims to start testing coronavirus cure ‘this summer’

Category: Business News

Eli Lilly CEO David Ricks told CNBC on Friday that his company aims to start testing a treatment for the globally spreading coronavirus in the coming months. The pharmaceutical giant on Thursday announced that it has teamed up with the privately held AbCellera Biologics to co-develop a medicine for COVID-19, the disease caused by the virus […]

Source: CNBC


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EuropeanCEO: Norsk Hydro Hilde Merete Aasheim shows her mettle

Category: Business News

The prominence given to environmental issues of late has placed a harsh spotlight on the commodities sector. The planet’s raw materials are finite, and harvesting them can often be cheaper than recycling. The environmental cost is usually ignored. Nevertheless, the aluminium industry has not performed too badly in terms of sustainability. A staggering 75 percent of all […]

Source: EuropeanCEO


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San Diego Union-Tribune: Thermo Fisher set to produce test kits that can diagnose COVID-19 in four hours

Category: Business News

Thermo Fisher Scientific, the world’s largest manufacturer of laboratory equipment, has announced that it has received emergency authorization to produce coronavirus test kits that can diagnose within four hours. The company — based out of Waltham, Mass., with West Coast headquarters in Carlsbad — said the Food and Drug Administration’s approval late Friday will allow […]

Source: San Diego Union-Tribune


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Bloomberg: Jones Act waiver floated as a stimulus for U.S. oil companies

Category: Business News

U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports. A temporary waiver of that law, known as the Jones Act, “can allow American producers to move domestic […]

Source: Bloomberg


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