Over a month and a half before the World Health Organization officially declared a pandemic, BioNTech CEO Uğur Şahin met with his wife, BioNTech’s co-founder and chief medical officer Özlem Türeci, and together they agreed to redirect most of the company’s resources to developing a vaccine. Up until that point, BioNTech was little-known internationally and primarily focused on developing novel cancer treatments. The founders were confident in the potential of their mRNA technology, which they knew could trigger a powerful immune response. That confidence wasn’t necessarily shared by the broader medical community. No mRNA vaccine or treatment had ever been approved before. But the couple’s timely breakthrough was actually decades in the making. CNBC spoke with Şahin and Türeci about how they, along with Pfizer, created a Covid-19 vaccine using mRNA.
California’s Port of Los Angeles is struggling to keep up with the crush of cargo containers arriving at its terminals, creating one of the biggest choke points in the global supply-chain crisis. This exclusive aerial video illustrates the scope of the problem and the complexities of this process. Photo: Thomas C. Miller
Today consumers want to buy more sustainable products, employees want to work for firms that share their values, and in the investment world, ESG funds are all the rage. How are companies responding to these shifting demands and can businesses really do well by doing good?
00:00 – Can companies do well by doing good? 00:50 – Environment and climate change 06:50 – Employee wellbeing 09:51 – Workforce diversity 15:50 – Ethical supply chains 19:26 – Environmental Social Governance
Read more of our business coverage: https://econ.st/2XfyBBX
Americans are leaving their jobs in droves. In August 4.3 million Americans quit their jobs. While some people have left the workforce entirely, job security and better pay are top concerns for others. Dubbed “The Great Resignation”, the exodus of workers has created hiring challenges for companies and left millions of jobs unfilled. More than half of U.S. workers surveyed said they plan to look for a new job in the coming year, according to Bankrate’s August jobseeker survey. Some 56% of respondents said adjustable working hours and remote work were a priority. Working women have faced an additional burden, juggling childcare duties, virtual schooling and their careers. So, what does the realignment of the workforce mean for employees and businesses? And what steps should you take before quitting your job?
Molnupiravir (MK-4482, EIDD-2801) is an investigational oral antiviral medicine that significantly reduced the risk of hospitalization or death at a planned interim analysis of the Phase 3 MOVe-OUT trial in at risk, non-hospitalized adult patients with mild-to-moderate COVID-19. At the interim analysis, molnupiravir reduced the risk of hospitalization or death by approximately 50%; 7.3% of patients who received molnupiravir were either hospitalized or died through Day 29 following randomization (28/385), compared with 14.1% of placebo-treated patients (53/377); p=0.0012. Through Day 29, no deaths were reported in patients who received molnupiravir, as compared to 8 deaths in patients who received placebo.
A selection of three essential articles read aloud from the latest issue of The Economist. This week, the first big energy shock of the green era, how covid-19 will move from pandemic to endemic (11:29) and our Charlemagne columnist assesses the odds of “Polexit” versus a “dirty remain” (17:21).
A selection of three essential articles read aloud from the latest issue of The Economist. This week, the world economy’s shortage problem, Abiy Ahmed against the world (9:39) and how fast-fashion label Shein models a new style of Chinese multinational (16:50).
Inflation rates have been rising all over the world, surprising many economists. While the rich world is paying higher prices for durable goods such as cars, in emerging markets soaring food prices are a greater worry.
What is causing this unexpected bout of inflation, and will it last?
Video timeline: 00:00 – What’s happening with inflation? 00:53 – What is inflation? 01:42 – Inflation rates are rising 02:47 – How much is too much inflation? 03:13 – Inflation in the rich world 05:19 – Inflation in emerging markets 06:04 – How to curb inflation 07:27 – Why you shouldn’t worry Find The Economist’s briefing on inflation: https://econ.st/3ofFxtJ
Think of autopilot like cruise control on a car. Autopilot is used on nearly every flight, but it’s not obvious just what it does. American Airlines Capt. Sonya Laxo explains the tech behind autopilot, how it’s used and why it isn’t really “auto.” Photo Illustration: Laura Kammermann
People in the U.S. frequently pay more for slower internet service than people abroad, according to a report from the Open Technology Institute. Lawmakers in Washington are attempting to address the high price of internet service, as well as the lack of access for many low income families, by deeming internet access infrastructure. Here’s why high speed internet is so expensive in the U.S., why so many Americans struggle to gain access and what policymakers can do about it.”