Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday. Moovit has raised $133 million from investors including Intel, BMW iVentures and Sequoia Capital. Officials at Intel Israel and Moovit declined to comment on the report....
Thomas Schinecker, Roche's head of diagnostics, said the company aims to more than double production of tests from about 50 million a month to significantly more than 100 million a month by the end of the year. Governments, businesses and individuals are seeking such blood tests to learn who may have had the disease, who may have some immunity and to potentially craft strategies to help end national lockdowns. Basel-based Roche, which also makes molecular tests to identify active COVID-19 infections, said its antibody test has a specificity rate exceeding 99.8% and sensitivity of 100%, meaning tests would show very few false positives and no false negatives....
(Bloomberg) -- Spain recorded the fewest deaths from coronavirus in more than six weeks, as the nation begins gradually relaxing Europe’s strictest lockdown regime after weeks of confinement.Russia reported more than 10,000 new cases, its highest number of the outbreak. Japanese Prime Minister Shinzo Abe plans to extend the national state of emergency until May 31.Roche Holding AG received emergency-use authorization from the U.S. Food and Drug Administration for its new test determining if someone has been exposed to Covid-19.Key DevelopmentsVirus Tracker: global cases top 3.4 million; deaths 243,000Roche antibody test gets FDA emergency-use approvalCovid exit strategy needs a worldwide vaccineSingapore to ease limits on some businesses, schoolsOne U.K. shopkeeper knows why the rescue fell flatBuffett says Berkshire reverses course on airlinesBeating the virus in a crowded Brazilian favelaSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on...
Billionaire Warren Buffett said Saturday that its investment conglomerate Berkshire Hathaway (BRK.A) has sold all of its stakes in U.S. airlines after air travel was shut off in an effort to contain the fast spread of the coronavirus pandemic.Buffett, who is a fond investor in the airlines industry, disclosed that Berkshire has divested its entire holdings in the U.S. four largest airline carriers: American Airlines Group Inc (AAL), United Airlines Holdings Inc (UAL), Delta Air Lines Inc. (DAL), and Southwest Airlines Co. (LUV). “We made that decision in terms of the airline business. We took money out of the business basically even at a substantial loss […] and that was my mistake,” Buffett said. “We will not fund a company where we think that it is going to chew up money in the future.”Buffett’s Berkshire, which has accumulated $137 billion in cash and cash equivalents, as of the end of the...
Three publicly traded Texas-based hospitality firms that collectively received nearly $59 million in coronavirus relief funding and are tied to hotelier Monty Bennett announced Saturday they would return the funds after Bennett earlier said he would not turn back the money. Ashford Inc., Ashford Hospitality Trust, and Braemar Hotels & Resorts released a statement saying […]...
(Bloomberg) -- Spain recorded the fewest deaths from coronavirus in more than six weeks, as the nation begins gradually relaxing Europe’s strictest lockdown regime after weeks of confinement.Russia reported more than 10,000 new cases, its highest number of the outbreak. Germany had the lowest daily total since March, while U.S. infections rose faster than their one-week average.Warren Buffett said Berkshire Hathaway has sold its entire stake in four major airlines as a result of the economic fallout from the virus. Trump donor Monty Bennett, whose hotels won small-business loans to help mitigate the effects of the outbreak, agreed to return the money.Key DevelopmentsVirus Tracker: global cases top 3.4 million; deaths 243,000Covid exit strategy needs a worldwide vaccineSingapore to ease limits on some businesses, schoolsOne U.K. shopkeeper knows why the rescue fell flatBuffett says Berkshire reverses course on airlinesFrom Houston to New York, muni finances in tattersBeating the virus in a crowded...
