Business News

AstraZeneca gets partial immunity in low-cost EU vaccine deal

spike 4 weeks ago

Filling and packaging tests for the large-scale production and supply of the University of Oxford’s COVID-19 vaccine candidate, AZD1222, taking place at a site southeast of Rome, Italy, on September 11, 2020.

VINCENZO PINTO | AFP | Getty Images

European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told
Reuters.

The deals reflect different strategies by two of the world’s top drugmakers for protecting themselves as a debate rages about liabilities for vaccines aimed at ending the pandemic.

AstraZeneca

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Trump to sign executive orders on preexisting conditions, surprise medical billing

spike 4 weeks ago

U.S. President Donald Trump speaks while hosting an event commemorating the repatriation of Native American remains and artifacts from Finland in the Oval Office of the White House in Washington, September 17, 2020.

Kevin Lamarque | Reuters

President Donald Trump will sign a series of executive orders aimed at protecting people with preexisting conditions and preventing surprise medical bills, senior administration officials said Thursday.

Trump is expected to discuss the executive orders, which are part of his “America First” health-care plan, during his visit to Charlotte, North Carolina later Thursday, the officials said.

Health and Human Services Secretary Alex Azar

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Dogs that are trained to sniff out the coronavirus are being deployed at Helsinki Airport

spike 4 weeks ago

The coronavirus sniffer dogs named Kössi (L) and Miina cuddle with trainer Susanna Paavilainen at the Helsinki airport in Vantaa, Finland where they are trained to detect the Covid-19 from the arriving passengers, on September 22, 2020.

ANTTI AIMO-KOIVISTO | AFP | Getty Images

Dogs that have been trained to detect the coronavirus have started working at Helsinki Airport this week in a pilot project, with the hope that their sensitive noses can speed up the process of identifying potential carriers of the virus.

The director of Finland’s Helsinki-Vantaa airport, which is run by Finavia, said it was one of

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Pandemic slashes sales at Olive Garden’s Times Square location by 94%

spike 4 weeks ago

An Olive Garden restaurant located in Times Square, New York.

Adam Jeffery | CNBC

During a typical year, Olive Garden’s Times Square restaurant rakes in $15 million in sales.

But the coronavirus pandemic and local restrictions on dining have wiped out the business of the chain’s best location, cutting its average weekly sales from $300,000 to less than $18,000.

Darden Restaurants CEO Gene Lee told analysts on the company’s fiscal first-quarter call that sales have slowed down to just $2,500 a day for the takeout-only location. Olive Garden accounts for roughly half of Darden’s overall revenue.

And the Olive Garden

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