Ousted HHS vaccine official warns Congress of ‘darkest winter in modern history’


Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018.

Toya Sarno Jordan | Bloomberg via Getty Images

Covid-19 has the potential to eclipse the 1918 flu pandemic that killed more than 50 million people and could make 2020 the “darkest winter in modern history” if U.S. leaders can’t mount a more coordinated response to contain the outbreak, according to ousted federal vaccine scientist Dr. Rick Bright. 

“We face a highly-transmissible and deadly virus which not only claims

Read More

Generali, Descartes develop partnership for parametric insurance


Generali Global Corporate & Commercial and Descartes Underwriting have announced a strategic partnership to offer parametric insurance products.

Generali’s P&C unit Global Corporate & Commercial (GC&C) will enhance its offer and existing capabilities by partnering with Descartes – an insurtech company specialising in weather risk modelling and data-driven risk transfers – acting as a risk advisor and backed by private equity firm BlackFin Capital Partners.

“With an exponentially increasing number of data sources and ever-increasing data quality, insurers have to seize the opportunity to define concrete measures to close the growing protection gap, e.g. by pursuing new ways to insure

Read More

Exxon (XOM) earnings Q2 2020


Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020.

Andrew Harrer | Bloomberg | Getty Images

Exxon said on Friday that it lost $1.1 billion during the second quarter amid “global oversupply and COVID-related demand impacts.” It was the oil giant’s second straight quarter of losses.

The company lost 70 cents per share on an adjusted basis, while revenue came in at $32.61 billion. In the same quarter a year ago, Exxon earned 73 cents per share, on revenue of $69.09 billion.

Analysts expected the company to report a

Read More

Renault sells its stake in Chinese joint venture to partner Dongfeng Motor


FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe/File Photo

PARIS (Reuters) – French carmaker Renault (RENA.PA) said on Tuesday it was selling out of its stake in a Chinese joint venture with Dongfeng Motor Corporation (0489.HK) to Dongfeng, which Renault said would help it maximise synergies with Japanese partner Nissan (7201.T).

Renault has been one of many leading global automotive companies that has been hit hard by the impact of the coronavirus, which has led to factory closures and

Read More