Deutsche Bank targets 200 billion euros of sustainable investment by 2025

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FILE PHOTO: Deutsche Bank CEO Christian Sewing speaks during the bank’s annual news conference in Frankfurt, Germany, January 30, 2020. REUTERS/Ralph Orlowski

LONDON (Reuters) – German lender Deutsche Bank (DBKGn.DE) plans to pump at least 200 billion euros ($216.8 billion) into so-called sustainable financing and investments by 2025, its first formal targets for doing so.

The money will include loans provided by the bank, bonds placed on behalf of its clients and assets managed by its private bank. It does not include assets managed by its fund arm, DWS, it said in a statement late on Tuesday.

The

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Remdesivir will need a ‘sustainable model’, Gilead CEO says

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Gilead Sciences is working to make experimental antiviral drug remdesivir accessible and affordable to coronavirus patients, but the company will eventually need to transition to a more “sustainable model,” CEO Daniel O’Day said Friday.

“We understand our responsibility both to patients and also to shareholders and we’ll be balancing that,” he said during an interview with CNBC’s “Squawk Box.”

Gilead has said it is prepared to donate 1.5 million doses of its drug to patients hospitalized with Covid-19. However, O’Day said the research and manufacturing of the drug require investment.

Gilead spent $50 million on the research and development of

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