Month: May 2020

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GM and SAIC's China sales rebound in April as market recovers

May 3, 2020 admin Comments Off on GM and SAIC's China sales rebound in April as market recovers

General Motors’ sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world’s biggest auto market recovers from the coronavirus. GM’s joint venture with SAIC Motor Corp , which manufactures Buick, Chevrolet and Cadillac vehicles, said its sales in China grew 13.6% compared to a year earlier. Meanwhile, SGMW, a separate GM venture with SAIC and Guangxi Automobile Group which produces no-frills minivans and has started to make higher-end cars, said its sales jumped 13.5% to over 127,000 units last month. …read more […]

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Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

May 3, 2020 admin Comments Off on Roche Gets Emergency FDA Approval For Covid-19 Antibody Test, Starts Shipping

Switzerland’s Roche Holding AG (RHHBY) announced on Sunday that its antibody test, which seeks to determine if an individual has been infected with the coronavirus, has received emergency approval by the U.S. Food and Drug Administration (FDA). “We are now able to deliver a high-quality antibody test in high quantities, so we can support healthcare systems around the world with an important tool to better manage the COVID-19 health crisis,” said Severin Schwan, CEO of the Roche Group. ”I am in particular pleased about the high specificity and sensitivity of our test, which is crucial to support health …read more […]

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Americans without bank accounts must wait for federal checks

May 3, 2020 admin Comments Off on Americans without bank accounts must wait for federal checks

As the coronavirus crisis took hold, Akeil Smith’s employer slashed her work as a home health aide to 25 hours per week. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, Smith is among millions of others without traditional bank accounts who must wait weeks for paper checks. “I live check to check, and right now I need more groceries,” Smith, 35, told The Associated Press as she stood inside Payomatic, a small check-cashing store in a predominantly black Brooklyn neighborhood. …read more […]

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U.S. processes over $500 billion in small business loans to stem coronavirus fallout

May 3, 2020 admin Comments Off on U.S. processes over $500 billion in small business loans to stem coronavirus fallout

The U.S. Small Business Administration has processed over 3.8 million loans for more than half a trillion dollars since the launch of the Paycheck Protection Program on April 3 to deal with the economic fallout of the coronavirus outbreak, according to a joint statement by the SBA and the Treasury Department.

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Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

May 3, 2020 admin Comments Off on Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

Roche has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200503:nGNE71pdqt on Sunday.

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