The British pharmaceutical giant GSK made a significant stride in the fight against seasonal influenza by announcing positive results from a mid-stage trial of its mRNA-based flu vaccine. This promising development signals a critical step towards late-stage clinical trials, as GSK aims to enhance its vaccine portfolio and address current limitations in flu protection. The…
Wells Fargo, once one of the most formidable players in the U.S. banking sector, now faces another regulatory setback, further complicating its efforts to emerge from a long-standing compliance crisis. The recent regulatory rebuke concerning the bank’s insufficient efforts to combat money laundering is a blow to its ongoing struggle to restore credibility after the…
In a dramatic move that signals a broader crackdown on global accounting firms operating in China, PwC’s mainland China unit, PwC Zhong Tian LLP, has been handed a six-month suspension and fined a record 441 million yuan ($62 million) by Chinese regulators. This decision, stemming from PwC’s audit work for the debt-ridden property developer China…
As central banks across the globe begin lowering interest rates to ease economic pressures, Brazil’s central bank is taking a different approach. According to a recent Reuters poll, the Banco Central do Brasil (BCB) is expected to raise its benchmark Selic rate by 25 basis points next Wednesday, countering the global trend of rate cuts.…
The proposed tariffs by the European Commission on Chinese-made electric vehicles (EVs) have sparked concerns among European car manufacturers about potential retaliatory measures from China. The European Commission’s plan to impose additional duties of up to 38.1% on Chinese EVs could significantly impact European automakers, especially as they navigate a competitive market already challenged by…
European automakers are grappling with a series of evolving challenges that could reshape the future of the industry. While Volvo Cars recently made headlines by revising its ambitious electrification plans, the broader implications of this shift reveal a complex landscape for the auto industry. This article explores how recent developments impact the industry beyond individual…
Terns Pharmaceuticals recently reported promising results for its oral obesity drug, TERN-601, which showed a 4.9% reduction in body weight in an early-stage study. This marks another significant step in the development of oral treatments for obesity, as pharmaceutical companies increasingly shift their focus to more convenient alternatives to injectable medications. The results propelled Terns’…
PayPal is taking a significant step into the U.S. point-of-sale (POS) market by integrating its debit card with Apple’s mobile wallet and offering consumers 5% cashback rewards. This move marks a strategic shift for the global online payments giant, as it aims to compete directly with tech companies and banks in the in-person payment space.…
For the first time in history, more people in the UK are turning to online platforms than television for their daily news, according to an annual survey by the communications regulator Ofcom. The shift underscores the growing dominance of digital news sources as 71% of the population reported using online services for news, compared to…
China’s youth unemployment crisis is reshaping not only the job market but also the social narrative around work, particularly among the highly educated young people who are struggling to find employment. With job scarcity at an all-time high, many young Chinese are turning to social media to document their experiences, offer advice, and redefine what…
business-gurus.com 