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Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

July 22, 2020 admin Comments Off on Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

Bombardier shares rose 6% in morning trade. The Canadian corporate aircraft and train maker has pulled its 2020 forecast and announced job cuts as the health crisis pummels demand for high-margin private jets. The company said it secured a commitment from investment funds and accounts managed by HPS Investment Partners LLC to provide the three-year senior secured term loan. …read more […]

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Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

July 22, 2020 admin Comments Off on Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

Since the start of July, the major cruise lines have ramped up their public-facing efforts to safely resume sailing. Norwegian Cruise Lines and Royal Caribbean have co-founded a Healthy Sail Panel with experts across the medical, public health, and epidemiological fields. Carnival has teamed up with the World Travel and Tourism Council for a July 28 […] …read more […]

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U.S. Makes Vaccine Deal; Covid Grips Asian Nations: Virus Update

July 22, 2020 admin Comments Off on U.S. Makes Vaccine Deal; Covid Grips Asian Nations: Virus Update

(Bloomberg) — The U.S. sealed a pact for an initial 100 million doses of a Covid-19 vaccine Pfizer Inc. is developing with Germany’s BioNTech SE. President Donald Trump warned that the U.S. outbreak will probably get worse before it gets better.The coronavirus tightened its grip on the Asia Pacific region, with deaths reaching a daily high in Indonesia and infections hitting records in Hong Kong and Japan. Australia, once hailed as a virus success, also saw cases set a daily record.Aviation regulators in the European Union and Singapore are working together to establish health measures and facilitate a recovery of …read more […]

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Pfizer, BioNTech Surge On US Gov Deal For 600M Covid-19 Vaccine Doses

July 22, 2020 admin Comments Off on Pfizer, BioNTech Surge On US Gov Deal For 600M Covid-19 Vaccine Doses

Pfizer Inc (PFE) and BioNTech SE (BNTX) have agreed to provide the US government with 100 million doses of their COVID-19 vaccine candidate BNT162, after Pfizer successfully manufactures and obtains approval or emergency use authorization from the US Food and Drug Administration (FDA).The U.S. government will pay the companies $1.95 billion upon the receipt of the first 100 million doses, following FDA authorization or approval. The U.S. government also can acquire up to an additional 500 million doses.Shares in Pfizer are up 5% in Wednesday’s pre-market trading while BioNTech is up 6%.“Expanding Operation Warp Speed’s diverse portfolio by adding a …read more […]

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U.S. Orders Up to 600 Million Doses of Pfizer, BioNTech Covid Vaccine

July 22, 2020 admin Comments Off on U.S. Orders Up to 600 Million Doses of Pfizer, BioNTech Covid Vaccine

(Bloomberg) — U.S. health officials agreed pay $1.95 billion for 100 million doses of a vaccine made by Pfizer Inc. and BioNTech SE, the latest step in an effort to fight the coronavirus pandemic.The companies will receive payment upon the receipt of the doses, following regulatory authorization or approval, according to a statement. The government also can acquire up to an additional 500 million doses.Nations around the world have begun ordering vaccines that are still being tested as part of their efforts to try to blunt the impact of the pandemic that’s roiled economies and killed more than 600,000 people …read more […]

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Ericsson, Deutsche Telekom Sign Multi-Year 5G Deal; Analyst Bullish On ERIC

July 22, 2020 admin Comments Off on Ericsson, Deutsche Telekom Sign Multi-Year 5G Deal; Analyst Bullish On ERIC

Ericsson (ERIC) and Deutsche Telekom AG (DTEGY) have announced an expanded partnership with a new multi-year deal to deploy the service provider’s 5G Radio Access Network (RAN) across Germany.Under the terms of the deal, several mobile sites will be upgraded to the latest 5G technology standard over the next few years using Ericsson Radio System products and solutions. The 5G deal is in addition to a multi-RAN agreement following modernization of Deutsche Telekom’s 2G, 3G and 4G radio networks over the past two years.ERIC’s Spectrum Sharing solution will also be deployed, allowing Deutsche Telekom to dynamically manage 4G and 5G …read more […]