European

Johnson & Johnson Announces European Commission Approval of Agreement to Supply 200 Million Doses of Janssen’s COVID-19 Vaccine Candidate

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NEW BRUNSWICK, N.J., Oct. 8, 2020 /PRNewswire via COMTEX/ —
Agreement provides option for European Union Member States to secure up to 200 million additional doses for a total of up to 400 million doses
NEW BRUNSWICK, N.J., Oct. 8, 2020 /PRNewswire/ — Johnson & Johnson (NYSE: JNJ) (the Company) today announced the European Commission (EC), acting on behalf of the European Union (EU) Member States, has approved an Advance Purchase Agreement in which the Janssen Pharmaceutical Companies will supply 200 million doses of its COVID-19 vaccine candidate to EU Member States following approval or authorization from regulators. The EU Member States also have the option to secure up to 200 million additional doses.
“The COVID-19 pandemic continues to threaten communities worldwide and we have a responsibility to ensure access to our COVID-19 vaccine as soon as

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European Producers Club Calls for 25% Streamer Investment Quota in Europe

The European Producers Club, a lobby of Europe’s biggest independent film and TV producers, has called on European Union governments to ensure that global OTT services are obliged to invest at least 25% of their European Union turnover into European works.

80% of that should be reserved for independent producers and at least 50% dedicated to local content produced by independent producers, it added.

Presented by Morena Films’ Alvaro Longoria, EPC President, the call came during a 2020 San Sebastian European Film Forum on Tuesday where the European Audiovisual Observatory’s Gilles Fontaine put losses to Europe’s film and TV sectors induced by COVID-19 at €10 billion ($12 billion) just for 2020. That figure did not include mark-ups in production costs due to halted or postponed shoots, he added.

Global streamers’ potential industry investment proved, however, to be the biggest through-line in debate.

“We will need to make sure that U.S

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Olympic Casino’s asset grab unnerves European junk bond investors

By Yoruk Bahceli

AMSTERDAM (Reuters) – A sleight of hand by the owner of an Estonian gaming company is alarming investors worried that tactics used by private equity firms in the United States to shift assets away from creditors are coming to Europe.

Olympic Entertainment, owned by private equity firm Novalpina Capital, told bondholders on June 18 it had moved some assets – all its online operations and a Lithuanian business – into an entity not bound by its credit agreements, according to an email seen by Reuters.

The company, which operates the Olympic Casino brand, distributed shares in the separate entity to a parent company controlled by Novalpina, the email said, effectively paying the London-based firm a dividend.

Olympic Entertainment, which had 114 casinos at the end of 2018 in Estonia, Latvia, Lithuania, Slovakia, Italy and Malta, did not respond to requests for comment.

Olympic’s asset shift means holders

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WHO issues ‘worst is yet to come’ warning; European Union to extend American travel ban

As coronavirus cases climbed in the U.S. and across the globe, the World Health Organization director general warned “the worst is yet to come” and European Union leaders were ready to extend the ban on American travelers for at least two more weeks.

Adjustments were being made to help slow spreading of the disease. Jacksonville, Florida, which is scheduled to host the GOP convention, is mandating masks, though it’s not clear for how long. Broadway stages will remain dark through 2020.

Also, a drug company’s steep price for remdesivir, a drug that has proved to shorten recovery times for severe COVID-19 patients by about 31%, is drawing criticism.

Some good news? The nation’s leading infectious diseases expert remains “cautiously optimistic” that a vaccine could be widely available by year’s end.

Here are the most significant developments of the day:

  • Worldwide coronavirus cases surpassed 10 million, while more than 504,000 across

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