AMC shares drop over 35 per cent after stock sale announcement June 3, 2021 AMC shares plummeted by over 35% today, prompting the NYSE to briefly halt the stock shortly after open. Shares in AMC turned negative premarket as AMC filed to sell 11.5m in shares. In an SEC filling, the company said: “In accordance with the terms of the Distribution Agreement, we may, through our sales agents, offer [...]
Digital healthcare giant Babylon enters into $4.2bn SPAC deal June 3, 2021 Babylon, a digital-first healthcare company founded in 2013, today entered into a definitive merger agreement with SPAC Alkuri Global that will see the combined company trade on Nasdaq. The transaction, expected to close in the second half of 2021, reflects an initial pro forma equity value of $4.2bn and an enterprise value of $3.6bn. This [...]
Working from home and face masks measures may remain after 21 June, Hancock says June 2, 2021 Health secretary Matt Hancock has not ruled out retaining guidance on face masks and working from home after 21 June in a bid to allow the majority of coronavirus restrictions to be lifted. Speaking at the Jenner Institute in Oxford, Hancock cautioned that it was too early to make a definitive call on moving to [...]
Government in negotiations for ‘Covid variant vaccine’ June 2, 2021 The Government has entered negotiations to secure a “variant vaccine” adapted to tackle the variant first identified in South Africa, Health Secretary Matt Hancock said this afternoon. In a speech delivered at the Jenner Institute in Oxford, Hancock said: “There is yet more to do, the work isn’t over yet – we’re still procuring all [...]
Expansion of Pfizer manufacturing capacity in Belgium approved by EMA body June 2, 2021 The Committee for Human Medicines, part of the European Medicines Agency (EMA), has recommended the approval of additional manufacturing and filling lines at Pfizer’s manufacturing site in Puurs, Belgium. According to the EMA, the move would result in a “significant and immediate impact on the supply” of the Covid-19 vaccine developed by BioNTech and Pfizer. [...]
Morgan Stanley pushes further into the cloud via new Microsoft partnership June 2, 2021 Morgan Stanley and Microsoft today announced a cloud partnership to accelerate the bank’s IT improvements and explore the application of the cloud in financial services. The partnership will see cooperation between the Microsoft Azure and Morgan Stanley Technology teams, focussed on solving problems in financial services. This will include developing and co-designing new digital infrastructure [...]