Global actions mixed … Sanofi and GlaxoSmithKline COVID team up
TOKYO (AP) – Global stocks were mixed today, with investors watching for signs of inflation and awaiting expected US economic data later today. At the start of the session, France’s CAC 40 rose 0.3%, while Germany’s DAX fell 0.3%. The UK FTSE 100 fell less than 0.1%. In Asian markets, Japan’s Nikkei closed 0.3% lower, South Korea’s Kospi slipped nearly 0.1% and Hong Kong’s Hang Seng fell 0.2%. The Shanghai Composite Index closed 0.4% higher. Wall Street is expected to open lower, S&P futures down 0.3% and Dow futures down nearly 0.1%.
WASHINGTON (AP) – U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administrative directive. This is in response to the ransomware hack that disrupted gas supplies in several states. Today’s Transportation Security Administration directive will require owners and operators of pipelines across the country to report any cyber incident to the federal government. They will also need to have a cybersecurity coordinator available at all times to work with authorities in the event of an attack like the one that shut down Colonial Pipeline. Georgia-based Colonial Pipeline claims to have paid a ransom of $ 4.4 million to regain access to its data from hackers.
PARIS (AP) – Pharmaceutical companies Sanofi and GlaxoSmithKline announce that they will begin production of another potential vaccine against COVID-19 within a few weeks. They announced the launch today of a major trial of their vaccine candidate. They say 35,000 adult volunteers in the United States, Asia, Africa and Latin America are signed up for the study. It will test candidate vaccine formulas against the original virus that spread from Wuhan, China, and against the variant first seen in South Africa. The companies say that if the trial is successful, regulators could approve the vaccine for use in the last three months of the year.
BEIJING (AP) – China accuses the Biden administration of playing politics and shirking responsibility by calling for a new investigation into the origins of the coronavirus pandemic which was first detected in China in late 2019 A Foreign Office spokesperson says President Joe Biden’s order shows the United States “does not care about the facts and the truth, nor is it interested in a serious search for it. scientific origin. ” Biden has asked US intelligence officials to redouble their efforts to investigate the origins of the pandemic, including any possibility that the trail could lead to a Chinese lab, joining global pressure on China to be more open on the epidemic.
TOKYO (AP) – A doctor representing a Japanese medical body has warned that holding the Tokyo Olympics could lead to the spread of variants of the coronavirus. Dr Naoto Ueyama is the chairman of the Japanese doctors’ unions. He says the IOC and the Japanese government are underestimating the risks. He says it’s very difficult to predict what might happen at the Olympics. He also criticized IOC member Richard Pound for telling a British newspaper that “except Armageddon” the Tokyo Olympics would open on July 23. Ueyama said that “the Olympics should not be held, even to the extent of Armageddon.”