Growing complacency about Covid-19 and politicisation of the pandemic response will cost lives as the world is hit by new waves of the virus in the coming months, Pfizer’s chief executive has warned. Albert Bourla said people were growing “tired” of the measures introduced to slow the spread of the virus, while “politicians want to…
Read more
Growing complacency about Covid-19 and politicisation of the pandemic response will cost lives as the world is hit by new waves of the virus in coming months, Pfizer’s chief executive has warned. Albert Bourla said people were growing “tired” of the measures introduced to slow the spread of the virus, while “politicians want to claim…
Read more
Short sellers are reaping a bumper harvest in the tech sector sell-off. S3 Partners, a technology and data analytics firm, estimates that $1 in every $5 shorted in US markets in the last quarter was in information technology stocks. In the year to date, short positions in the IT sector have generated a 34 per…
Read more
A provocative speech on climate change that led to HSBC suspending an executive has split the asset management industry. “Who cares if Miami is six metres underwater in 100 years?” asked Stuart Kirk, head of responsible investing at HSBC Asset Management, during an FT conference last week. “Amsterdam has been six metres underwater for ages,…
Read more
Prologue, a company backed by some of Silicon Valley’s largest venture capital firms, wants to build a big business out of small stakes in dozens of start-ups. First, it needs to navigate a tech crash. Andreessen Horowitz and Sequoia Capital have invested $23mn in Prologue, making it one of most well-funded new challengers to famed…
Read more
The UK will on Wednesday introduce legislation to accelerate the genetic engineering of crops in England — to the delight of plant scientists and dismay of some environmental campaigners and organic farming bodies. “Outside the EU we are free to follow the science,” said George Eustice, environment secretary. “Precision technologies allow us to speed up…
Read more
Shares in MSP Recovery, a healthcare litigation company that went public in one of the largest ever blank-cheque deals, fell by 53 per cent on its first day of trading, casting doubt over its staggering valuation. The Coral Gables, Florida-based company started trading on the Nasdaq exchange on Tuesday, a day after completing a reverse…
Read more
Health insurance companies haven’t adequately implemented changes to the prior authorization process that insurers and providers devised in 2018, according to survey results the American Medical Association published Tuesday. Four years ago, the AMA, AHIP, the Blue Cross Blue Shield Association and other healthcare groups agreed to encourage reviews of medical services and drugs subject…
Read more
The No Surprises Act shielded private health insurance enrollees from an estimated 2 million surprise bills during the first two months of the year, according to a report health insurance industry groups released Tuesday. AHIP and the Blue Cross Blue Shield Association surveyed more than 80 commercial health insurance companies, 31 of which responded. Those…
Read more
Tedros Adhanom Ghebreyesus has been re-elected as director-general of the World Health Organization, setting him up for another five years in the top job at the global health body. Tedros was elected to a second term in a secret ballot on Tuesday, after running unopposed. In a break from tradition, his country of origin, Ethiopia,…
Read more