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...The jab was late to market and suffered from collapsing demand as governments withdrew from procurement deals. The group had a market value of $600mn, as of market close on Friday....
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...US biotech Moderna has put plans to build a vaccine plant in Kenya on hold, in a sign that moves to invest in pandemic preparedness in Africa have dropped down the agenda as sales of Covid-19 jabs decline...
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...Recasting WeightWatchers for the era of weight-loss jabs is akin to Facebook overhauling its social media site for mobile, or Netflix moving from DVDs to streaming, Sistani argued....
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...Musk says Tesla can produce cheaper vehicles next year using existing factories. Meta, on the other hand, has markets spooked....
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...“China has built an industry that can produce excellent cars at truly remarkable price points almost all through the range of products,” said James Anderson, a managing partner at Lingotto Investment Management...
...The auditors of large US companies are required not just to sign off on the annual figures themselves but also on the internal controls and systems that a company used to produce them....
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
...Several biotech companies began to work on vaccines against viral infections — culminating in the successful rush to produce Covid jabs that were approved by regulators in the winter of 2020-21....
...A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...Mandating that carmakers produce more EVs does not guarantee that buyers want them....
...He concluded that assessments on transaction, monitoring and agency costs would compel managers to either produce internally or outsource to another company....
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