Thursday, 28 Mar 2024

New India Assurance to provide ₹50 lakh coverage to over 22 lakh healthcare providers

LVMH Q1 Revenue To Decline 10%-20% – Quick Facts

LVMH (LVMHF.PK,LVMUY.PK) said it can be reasonably expected that the first quarter consolidated revenue will decrease in a range between 10 and 20% from same period last year. The Group will publish its consolidated revenue for the first quarter on April 16th after the close.

“In the short term, the measures taken by public authorities to combat the Covid-19 pandemic have resulted in the closure of production sites and stores in several countries which will have an impact on the group’s results. This impact cannot be accurately calculated at this time without knowing the timing of a return to normal in these countries,” the company stated.

Target Apologizes For Selling N95 Masks Amid Shortage; Donates To Health Dept.

Retailer Target Corp. apologized for selling N95 masks, which are critical to fight coronavirus or Covid-19, in Seattle stores amid severe shortage in hospitals, noting that it was an “error.” The company pledged to donate the masks to the health department.

The company tweeted, “Today in select Seattle stores, N95 masks were available for purchase in error. We’re removing & donating them to the WA State Dept. of Health. We’re also reviewing inventory for additional masks to be donated.”

Target issued apology after a photo of the masks at a store appeared on social media.

Washington Governor Jay Inslee also responded to the photo, saying that his office stepped in to get the masks to health care workers who need them.

N95 mask, which blocks at least 95 percent of very small test particles, comes under personal protective equipment or PPE that are used to fight against respiratory diseases, including coronavirus or COVID-19. The Centers for Disease Control and Prevention or CDC does not recommend that the general public wear N95 respirators to protect from such illness. They are, rather for healthcare workers.

The country is facing severe shortage of PPE as the coronavirus cases skyrocket and the doctors and nurses are forced to work without masks or reuse them.

CytoDyn Issues Update On Treatment With Leronlimab Under FDA’s IND Program

CytoDyn Inc. (CYDY.OB) said, with three additional critically ill patients, a total of ten COVID-19 patients are receiving leronlimab treatment under an Emergency Investigational New Drug, granted by the U.S. FDA. The results of the three additional patients are expected in the current week.

Jacob Lalezari, Interim Chief Medical Officer of CytoDyn, stated: “The preliminary results observed in patients who were severely ill with COVID-19 and treated with leronlimab are encouraging. Although the data set is still small, we saw fairly rapid and positive laboratory responses in all 4 patients treated, and in three of the 4 patients these laboratory results were associated with a favorable clinical outcome.”

Raytheon, United Technologies Receive All Regulatory Approvals To Close Merger

Raytheon Company (RTN) and United Technologies Corp. (UTX) have received the necessary regulatory approvals for their all-stock merger of equals. The companies expect to close the merger prior to the opening of trading on the NYSE on April 3, 2020. United Technologies will be renamed Raytheon Technologies Corporation, and its common stock will trade on the NYSE under the ticker, RTX.

The last full day of trading in the shares of Raytheon is expected to be April 2, 2020. The first day of trading for Raytheon Technologies shares is expected to be April 3, 2020.

China Yuchai International Ltd Bottom Line Rises In Q4

China Yuchai International Ltd (CYD) reported earnings for its fourth quarter that advanced from last year.

The company’s earnings came in at $41.83 million, or $0.74 per share. This compares with $38.73 million, or $0.67 per share, in last year’s fourth quarter.

The company’s revenue for the quarter rose 25.4% to $814.62 million from $649.66 million last year.

China Yuchai International Ltd earnings at a glance:

-Earnings (Q4): $41.83 Mln. vs. $38.73 Mln. last year.
-EPS (Q4): $0.74 vs. $0.67 last year.
-Revenue (Q4): $814.62 Mln vs. $649.66 Mln last year.

Testing times | Michael Gove, Tony Blair & Rosena Allin-Khan

Michael Gove says the UK is now testing 10,000 people a day for coronavirus.

But he refuses to be drawn on when lockdown measures are likely to be lifted. Former Prime Minister Tony Blair calls for testing of almost the entire UK population. Labour MP Dr Rosena Allin-Khan makes the same plea on testing, just after finishing a night shift in A&E.

Prince Charles recovers from coronavirus and is out of self-isolation

Prince Charles is out of self-isolation after testing positive for coronavirus.

The 71-year-old heir-to-the-throne is in good health, his spokesman said.

His spokesman said in a statement: ‘Clarence House has confirmed today that, having consulted with his doctor, The Prince of Wales is now out of self-isolation’.

This is a breaking news story and will be updated shortly.

Double Angel Ballpark stands as something greater than baseball




New India Assurance to provide ₹50 lakh coverage to over 22 lakh healthcare providers

Doctors, nurses, paramedics, sanitation workers and a few others will be covered under the insurance.

State-owned New India Assurance has agreed to provide insurance cover of ₹50 lakh to about 22 lakh healthcare providers, who are on the frontline of battle against coronavirus.

“As announced by Finance Minister Smt @nsitharaman on March 26, @NewIndAssurance has issued detailed guidelines for providing insurance cover of Rs 50 lakh per person for 22.12 lakh health care providers across the country,” a tweet by the Finance Ministry said on Monday.

This was part of the ₹1.70 lakh Pradhan Mantri Garib Kalyan package announced by the Finance Minister last Thursday.

Doctors, nurses, paramedics, sanitation workers and a few others will be covered under the insurance.

Ms. Sitharaman had said the insurance cover will be there for three months.

Related Posts