Thursday , May 28 2020

International News

Chinese Alzheimer’s drug gets US approval for stateside trial

Bloomberg A Chinese drugmaker has received approval from the Food and Drug Administration (FDA) to start clinical trials in the US for a breakthrough Alzheimer’s drug as it seeks global validation for the controversial therapy. Shanghai Green Valley Pharmaceutical Co got clearance on April 8 for the US part of ...

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Australia starts virus contact tracing app as restrictions ease

Bloomberg Australia launched mobile-phone software to help trace people infected with the coronavirus as parts of the country start to loosen restrictions on movement. The COVIDSafe app records digital handshakes between smartphones via Bluetooth, and if someone catches the virus, health authorities can track who has been within 1.5 metres ...

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Argentina set to start roadshow in bid to restructure $76b debt

Bloomberg Argentina and the province of Buenos Aires will start setting up virtual meetings this week with institutional investors as they continue the process of restructuring more than $76 billion in debt, according to people familiar with the plan. The national government will call on about 20 institutions and funds ...

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Bayer warns of liquidity risk as virus slows roundup talks

Bloomberg Bayer AG raised the specter of “considerable liquidity challenges” as it engages in high-stakes negotiations over Roundup litigation in the US and grapples with the pandemic. The number of plaintiffs claiming that the weedkiller caused their cancers rose to 52,500 from 48,600 in February, Bayer said in its first-quarter. ...

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Germany’s Rhine River is running dry amid drought

Bloomberg Germany’s spring showers haven’t materialised this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their destination. Typically one of the wettest months, Europe’s biggest economy has received just 5% of its normal April rainfall so ...

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