Jefferies Financial Group would rather have its staff back at office working together than in “lonely home silos” to get the most out of the final quarter of the year, Chief Executive Officer Richard Handler said in a letter on Thursday. “As long as COVID continues to be manageable, we need everyone back in our…
Moderna Sues Pfizer and BioNTech Over Alleged Vaccine Patent Infringement
August 26, 2022
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Moderna sued Pfizer and BioNTech on Aug. 26, alleging the companies infringed on its patents for technology utilized by COVID-19 vaccines. Both the Moderna and Pfizer-BioNTech vaccines are built on messenger RNA (mRNA) technology. The problem is that they both use key features that Moderna scientists developed, including the same coronavirus protein encoding, according to…
Exploring the US Labor Shortage and Unemployment
August 23, 2022
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Commentary Businesses across the United States report that they find it hard to find staff and that vacancies are going unfilled. Meanwhile, companies are making cuts, and unemployment is expected to rise. In 2021, more than 47 million workers quit their jobs, considerably more than the 42 million in 2019. Some of these resignations were…
New Survey Says Remote Work Is Here to Stay, but Doubts Remain About Productivity
The Federal Reserve Bank of New York released the results of a new labor survey on Thursday, attesting that many of the remote work opportunities that opened up during the pandemic have remained and are expected to remain into the future, even as skeptics question whether remote employees are as productive as in-person professional workers….
Royal Commission into Australia’s Handling of COVID-19 ‘As Soon As Practicable’: PM
August 21, 2022
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Prime Minister (PM) Anthony Albanese says a Royal Commission will investigate Australia’s handling of the COVID-19 pandemic “as soon as practicable,” but the government will first deal with the current wave of the virus. Speaking to Sky News Australia on Aug. 21, Albanese said that while both federal and state government responses need to be…
Cisco Expects Revenue Growth as Supply Chain Pressures Ease
Cisco Systems Inc. gave a positive forecast for first-quarter sales as a COVID-19 recovery in China eases supply chain shortages and helps it meet demand for networking hardware, sending the company’s shares 5 percent higher in extended trading. The results announced on Wednesday suggest networking equipment makers have started overcoming the component crunch that had…
Remote Work Spurs Digital Nomad Gold Rush
August 18, 2022
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News Analysis Lockdowns and closures related to COVID-19 have unmoored millions of American employees from the office, perhaps permanently, swelling the ranks of so-called “digital nomads” who work and travel simultaneously. The growth of this nebulous population has, in turn, fueled a niche industry catering to the needs and desires of highly mobile employees. The…
Moderna to Commence Construction of World’s First mRNA Factory on Australian College Campus
August 16, 2022
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The U.S. pharmaceutical giant Moderna has finalised arrangements with the Australian and Victorian governments to build the world’s first mRNA production facility located on a university campus. The construction at Melbourne’s Monash University is expected to commence at the end of 2022, with production anticipated to begin by the end of 2024. The company said…
Heathrow Airport Extends Cap on Daily Passenger Numbers to End of October
London’s Heathrow Airport has announced it will extend its cap on passenger numbers for another six weeks, as the UK’s travel sector continues to struggle to cope with the rising demand for travel. The capacity limit of 100,000 daily departing passengers was initially to last until Sept. 11, but the airport said that date has…
Insurance Rates Climb From Fires, COVID, Inflation, Worker Shortage
By Ethan Baron From The Mercury News Inflation, a labor shortage, effects from the lingering COVID pandemic, and increasingly devastating fires are boosting the cost of insurance for homes, cars, and businesses. “Everything,” said Sunnyvale, California, insurance agent Steve Nelson, “has gone up.” The pandemic and high costs of living, especially in the Bay Area,…
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