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GM and SAIC's China sales rebound in April as market recovers

May 3, 2020 admin Comments Off on GM and SAIC's China sales rebound in April as market recovers

General Motors’ sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world’s biggest auto market recovers from the coronavirus. GM’s joint venture with SAIC Motor Corp , which manufactures Buick, Chevrolet and Cadillac vehicles, said its sales in China grew 13.6% compared to a year earlier. Meanwhile, SGMW, a separate GM venture with SAIC and Guangxi Automobile Group which produces no-frills minivans and has started to make higher-end cars, said its sales jumped 13.5% to over 127,000 units last month. …read more […]

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Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

May 3, 2020 admin Comments Off on Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

Switzerland’s Roche Holding AG (RHHBY) announced on Sunday that its antibody test, which seeks to determine if an individual has been infected with the coronavirus, has received emergency approval by the U.S. Food and Drug Administration (FDA). “We are now able to deliver a high-quality antibody test in high quantities, so we can support healthcare systems around the world with an important tool to better manage the COVID-19 health crisis,” said Severin Schwan, CEO of the Roche Group. ”I am in particular pleased about the high specificity and sensitivity of our test, which is crucial to support health …read more […]

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Americans without bank accounts must wait for federal checks

May 3, 2020 admin Comments Off on Americans without bank accounts must wait for federal checks

As the coronavirus crisis took hold, Akeil Smith’s employer slashed her work as a home health aide to 25 hours per week. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, Smith is among millions of others without traditional bank accounts who must wait weeks for paper checks. “I live check to check, and right now I need more groceries,” Smith, 35, told The Associated Press as she stood inside Payomatic, a small check-cashing store in a predominantly black Brooklyn neighborhood. …read more […]

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Intel in talks to buy Israel's Moovit public transit app for $1 billion – media

May 3, 2020 admin Comments Off on Intel in talks to buy Israel's Moovit public transit app for $1 billion – media

Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday. Moovit has raised $133 million from investors including Intel, BMW iVentures and Sequoia Capital. Officials at Intel Israel and Moovit declined to comment on the report. …read more […]

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Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

May 3, 2020 admin Comments Off on Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

Thomas Schinecker, Roche’s head of diagnostics, said the company aims to more than double production of tests from about 50 million a month to significantly more than 100 million a month by the end of the year. Governments, businesses and individuals are seeking such blood tests to learn who may have had the disease, who may have some immunity and to potentially craft strategies to help end national lockdowns. Basel-based Roche, which also makes molecular tests to identify active COVID-19 infections, said its antibody test has a specificity rate exceeding 99.8% and sensitivity of 100%, meaning tests would …read more […]