Current Affairs

Chinese firm buys Canada mRNA vaccine tech in US$500M deal

Chinese biopharma firm Everest Medicines Ltd. will license an mRNA COVID-19 vaccine from Canada’s Providence Therapeutics Holdings Inc., as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots.

Everest will gain rights to Providence’s vaccine in Greater China and countries including Indonesia, Singapore, and Thailand, it said in a statement Monday. It will pay US$100 million cash upfront for access to the vaccines and mRNA technology, and up to US$100 million in profit-sharing, the statement said. The deal includes another payment of up to US$300 million in stock if further products are developed using Providence’s mRNA technology platform.

While almost 1 billion people have been fully vaccinated in China, the country is still lacking an mRNA shot, with most of the population inoculated with inactivated vaccines from Sinopharm Group Co. and Sinovac Biotech Ltd., which studies have found to be less effective. A deal by Fosun Pharmaceutical Group Co. to sell BioNTech SE’s mRNA shot in mainland China has yet to be approved by regulators, suggesting it may not be easy to bring in a foreign mRNA vaccine, partly because of political sensitivities…read more.

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Mapped: The World’s Fastest Growing eCommerce Markets

While the overall retail industry struggled amidst the global pandemic, eCommerce sales managed to reach unprecedented heights. In 2020, retail eCommerce sales grew by 27.6%, reaching a total of $4.28 trillion worldwide.

In 2020, Latin America’s eCommerce market saw the most growth of any region, surpassing Asia-Pacific’s growth for the first time since 2010.

The pandemic played a big role in Latin America’s growth. The region’s two major economic hubs Buenos Aires, Argentina and São Paulo, Brazil had to endure strict pandemic-induced lockdowns, which ultimately led to significant growth of the eCommerce market.

Restrictions in Buenos Aires were on and off from late March until early November 2020, and after restrictions were lifted, citizens were encouraged to practice “intelligent” social distancing and be more cautious when socializing.

At the country level, Argentina was the fastest growing eCommerce market in 2020, with a 79% increase in online sales compared to 2019—almost double the worldwide country average…read more.

Amazon likely front-runner for multiyear NFL Sunday Ticket deal, sources say

Amazon is in talks to acquire the rights for the National Football League’s “Sunday Ticket” package and is seen as the front-runner by others involved in talks with the league, according to people familiar with the matter.

Amazon has a serious interest in the multiyear package of out-of-market games, said the people, who asked not to be named because the discussions are private. Amazon in May agreed to pay about $1 billion per year to become the exclusive provider of Thursday Night Football games beginning next year. That deal made Amazon Prime Video the first-ever streaming service to own an exclusive NFL broadcast package.

An Amazon spokesman declined to comment on “Sunday Ticket” discussions…read more.

Facebook Launches Smart Glasses With Ray-Ban

A brief history of smart glasses:

  • Google Glass: ✖️
  • Snap Spectacles: ✖️ (so far)
  • Facebook’s “Ray-Ban Stories”: We’re about to find out.

Facebook launched its first-ever line of smart glasses in partnership with Ray-Ban yesterday. The glasses, which start at $299, contain tiny microphones, cameras, and speakers to keep ’em stylish.

With the glasses, you can…

  • Listen to music and podcasts and make calls.
  • Take videos and photos using just your voice…then, of course, upload them to the Facebook social media platform of your choice…read more.