1. Johnson & Johnson: – Resuming the use of Johnson & Johnson (NYSE:JNJ)’s COVID-19 vaccine in the United States will require clear guidelines for the medical community on how to best treat patients that develop a rare type of blood clot, as well as alerting vaccine recipients to be aware of the telltale symptoms, according to heart doctors and other medical experts.
U.S. health regulators recommended last week that use of the J&J vaccine be paused after six cases of rare brain blood clots, accompanied by low platelet levels, were reported in women following vaccination, out of some 7 million people who have received the shot in the United States. A panel of expert advisors to U.S. health agencies will meet later this week to determine whether the pause should continue, with a decision expected as early as Friday.
2. Citigroup: – Citigroup (NYSE:C) plans to expand its investment banking business in China and will soon apply to set up local underwriting, sales and trading and futures trading businesses by the end of June, a person with direct knowledge of the matter told Reuters.
The move comes after the U.S. bank revealed last week it would sell its retail banking assets in 13 markets, including mainland China.
Citigroup’s applications to regulators are being finalized and should be officially lodged shortly, the source said.
3. Goldman Sachs: – British digital bank Starling said on Monday that Goldman Sachs (NYSE:GS) had invested 50 million pounds ($69 million) in the UK lender.
The investment is an extension of Starling’s oversubscribed 272 million pound funding round, valuing the bank in excess of 1.1 billion pounds, Starling said in a statement.
“Goldman Sachs will bring valuable insight as we continue with the expansion of lending in the UK, as well as our European expansion and anticipated M&A,” Starling’s founder and Chief Executive Anne Boden said.
4. Microsoft: – Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation’s prime minister said on Monday.
The announcement on what would be the U.S. tech giant’s biggest investment in Malaysia comes after the country in February gave conditional approvals for Microsoft, Google, Amazon and state telecoms firm Telekom Malaysia to build and manage hyper-scale data centers and provide cloud services.
It also comes after the country saw foreign direct investments (FDI) plunge by 68% last year, the biggest decline in Southeast Asia.
5. Alphabet: – Translation tools from Alphabet (NASDAQ:GOOGL) Inc’s Google and other companies could be contributing to significant misunderstanding of legal terms with conflicting meanings such as “enjoin,” according to research due to be presented at an academic workshop on Monday.
Google’s translation software turns an English sentence about a court enjoining violence, or banning it, into one in the Indian language of Kannada that implies the court ordered violence, according to the new study,
“Enjoin” can refer to either promoting or restraining an action. Mistranslations also arise with other contranyms, or words with contradictory meanings depending on context, including “all over,” “eventual” and “garnish,” the paper said.