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Remdesivir: the rise and fall of a Covid wonder drug

In May, when President Donald Trump announced the emergency approval of remdesivir, the first antiviral to treat Covid-19, he hailed its developer Gilead as a “great American company” with “the hot thing”. Six months later, Mr Trump is on his way out, shares in the California biotech are down 29 per cent from their April… Continue reading Remdesivir: the rise and fall of a Covid wonder drug

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Schools digest: Top 2020 books, financial literacy, Generation Covid

A weekly digest of content available through the FT free schools programme for students aged 16-19, their teachers and schools around the world. Register and create your own account here. Noticeboard FT teacher advisers sought: Join our network by sharing FT articles you have found useful in the classroom with suggested questions we can publish. Email: schools@ft.com Students… Continue reading Schools digest: Top 2020 books, financial literacy, Generation Covid

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Markets cheered by third dose of good news over Covid vaccine trials

Your level-headed briefing on how the coronavirus pandemic is affecting the markets, global business, our workplaces and daily lives, with expert input from our reporters and specialists across the globe. For updates visit our live blog. Please send your reactions and suggestions to covid@ft.com. We would like to hear from you. The FT is offering… Continue reading Markets cheered by third dose of good news over Covid vaccine trials

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Self-employed migrate to salaried work as UK’s Covid pinch tightens

Samantha quit her care sector job three weeks before the UK’s coronavirus lockdown began in March. After years fitting night shifts around family life and college, she had qualified as a massage and beauty therapist; turned her Kent garage into a salon; built a list of regular clients and finally felt she was earning enough… Continue reading Self-employed migrate to salaried work as UK’s Covid pinch tightens

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Qantas plans to demand proof of Covid vaccination from international passengers

Qantas plans to insist that passengers on international flights have been vaccinated against Covid-19 before boarding its planes once any jab is rolled out. Alan Joyce, the Australian airline’s chief executive, said he thought a vaccine would become “a necessity” for international travel. “We are looking at changing our terms and conditions to say for… Continue reading Qantas plans to demand proof of Covid vaccination from international passengers

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Australia’s richest person hits out at government’s Covid largesse

Gina Rinehart, Australia’s richest person, has lashed out at the country’s politicians for their high levels of spending in response to Covid-19 and warned the mining industry could face future tax hikes as a result. The iron ore magnate, whose wealth is believed to have soared to A$29bn (US$21bn) over the past year due to… Continue reading Australia’s richest person hits out at government’s Covid largesse

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Financial conditions loosen to levels hit before Covid roiled markets

Global financial conditions have eased to levels seen before the coronavirus crisis rocked markets in March, reflecting central banks’ success in soothing investor jitters. A measure of financial stress compiled by the US Treasury department has dropped to roughly minus 3, the lowest level since late February. It peaked at 10 in the midst of March’s financial-market… Continue reading Financial conditions loosen to levels hit before Covid roiled markets

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G20 leaders pledge to ensure global access to Covid vaccines

G20 leaders pledged to “spare no effort” to ensure cheap, global access to Covid-19 vaccines, even as they failed to make specific commitments on the distribution of early doses. After a virtual G20 summit hosted by Saudi Arabia, leaders said they fully supported collaborative efforts to purchase and distribute coronavirus vaccines even though the US… Continue reading G20 leaders pledge to ensure global access to Covid vaccines

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Delta casts doubt on NY-London Covid ‘air corridor’

Delta Air Lines has cast doubt on hopes of opening an air “corridor” on the lucrative route between New York and London, saying it would be easier to relaunch transatlantic flights to “just about any” other European capital. The route has been among the busiest and most profitable for carriers including British Airways and Virgin… Continue reading Delta casts doubt on NY-London Covid ‘air corridor’

Business news

Propane supplies feel heat as Covid drives dining outdoors

Supplies of propane tanks are running out in the United States, with demand increasing 75% per year, as the coronavirus pandemic spurs outdoor entertainment. Hardware stores, gas stations, and big box retailers cannot keep portable steel tanks in stock. Scarcity is another way the pandemic rocked the energy markets, with depressed or reshaped demand for… Continue reading Propane supplies feel heat as Covid drives dining outdoors