Tag: virus

Pfizer Shots Get Fast Track; Florida Cases Rise: Virus Update

(Bloomberg) —

Pfizer Inc. and BioNTech SE received permission from the U.S. Food and Drug Administration to fast-track two vaccine candidates, boosting their shares.

Hong Kong reported 41 new local cases, another record high, and tightened social-distancing measures amid fears of a resurgence after weeks of near-normal activity. More than half a million residents defied the fresh outbreak and government warnings to vote in an unofficial primary.

India added more than 50,000 over the weekend, with deaths topping 1,000.

Key Developments:

Global Tracker: Cases top 12.9 million; deaths surpass 569,600Covid-19 reinvades U.S. statesDeath rate in majority-Black countries is getting worseThe

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Royal Mail to cut 2,000 jobs as virus hits business

Royal Mail is to cut 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis.

The cuts, about a fifth of the company’s management roles, aim to save about £130m in costs from next year.

Royal Mail said the pandemic accelerated the trend of more parcels and fewer letters being sent, and it had not adapted quickly enough to that.

The company’s challenges have included former boss Rico Back making a surprise exit from the business in May.

The job losses will hit senior roles hardest, with half of them set to go, and will

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