Tech lobby groups urge EU chief to support startups

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Ursula von der Leyen, incoming president of the European Commission, left, speaks during news conference at the European Parliament, in Strasbourg, France, on Tuesday, July 16, 2019.

Bloomberg | Bloomberg | Getty Images

European tech industry groups are stepping up their lobbying efforts to ensure the EU supports start-ups hit hard by the coronavirus crisis.

In a joint letter to European Commission President Ursula von der Leyen, a coalition of start-up communities called for the bloc’s chief to “give startups a central role in your solutions to the COVID-19 outbreak.” 

The group, led by Brussels-based Allied for Startups, warns of

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Auto industry key part of Italy GDP, fair to support FCA if creates jobs: minister

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FILE PHOTO – New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo

MILAN (Reuters) – The auto industry represents a significant share of Italy’s economy and it’s right to support those who create jobs in the country, Deputy Economy Minister Laura Castelli said when asked about Fiat Chrysler’s (FCHA.MI) request for state-backed loans.

The Italian-American group confirmed on Saturday its Italian unit was working with Rome to obtain state guarantees on a 6.3-billion-euro ($6.88 billion) loan facility designed to

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Gilead to begin trials for the inhaled version of remdesivir

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A lab technician visually inspects a filled vial of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California, March 11, 2020.

Gilead Sciences | via REUTERS

Gilead Sciences will begin human trials for an inhaled version of its antiviral drug remdesivir in August, the biotech company said Monday.

Remdesivir, which was granted an emergency use authorization (EUA) from the Food and Drug Administration to treat patients hospitalized with Covid-19, is administered intravenously. The company told investors in April that it was looking to develop easier-to-administer versions of the drug, including an inhaled version.

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