CureVac settles patent dispute litigation with Pfizer and BioNTech
As part of the settlement, CureVac and GSK will receive a combined payment of $740 million and single-digit royalties on sales of COVID-19 vaccines in the U.S. going forward.
CureVac will also grant BioNTech and Pfizer a non-exclusive license to manufacture, use, import and sell mRNA-based COVID-19 and influenza products in the U.S.
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The Independent
30 minutes ago
- The Independent
A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts
A top official at the Federal Reserve said Saturday that this month's stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher. Bowman and a fellow dissenter lost out after nine other Fed officials voted to keep interest rates steady, as the Fed has been doing all year. The Fed's chair, Jerome Powell, has been adamant that he wants to wait for more data about how President Donald Trump 's tariffs are affecting inflation before the Fed makes its next move. At a speech during a bankers' conference in Colorado on Saturday, Bowman said that 'the latest labor market data reinforce my view' that the Fed should cut interest rates three times this year. The Fed has only three meetings left on the schedule in 2025. The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected. It also said that hiring in prior months was much lower than initially thought. On inflation, meanwhile, Bowman said she is getting more confident that Trump's tariffs 'will not present a persistent shock to inflation' and sees it moving closer to the Fed's 2% target. Inflation has come down substantially since hitting a peak above 9% after the pandemic, but it has been stubbornly remaining above 2%. The Fed's job is to keep the job market strong, while keeping a lid on inflation. Its challenge is that it has one main tool to affect both those areas, and helping one by moving interest rates up or down often means hurting the other. A fear is that Trump's tariffs could box in the Federal Reserve by sticking the economy in a worst-case scenario called 'stagflation,' where the economy stagnates but inflation is high. The Fed has no good tool to fix that, and it would likely have to prioritize either the job market or inflation before helping the other. On Wall Street, expectations are that the Fed will have to cut interest rates at its next meeting in September after the U.S. jobs report came in so much below economists' expectations. Trump has been calling angrily for lower interest rates, often personally insulting Powell while doing so. He has the opportunity to add another person to the Fed's board of governors after an appointee of former President Joe Biden stepped down recently.
The Sun
31 minutes ago
- The Sun
I thought pregnancy would leave me glowing but I ended up unrecognisable – my face left me in tears
A WOMAN has revealed the dramatic change she underwent during pregnancy, with her face looking completely unrecognisable. Farah Faizal (@ayyitslala) thought she was going to look glowing during her pregnancy, but ended up crying over her changing appearance. 2 2 In a viral video, that has racked up 116 million views, Farah shared some snaps of herself before she was pregnant. The brunette beauty looks stunning, with clear skin and gorgeous features. However, she then shared a number of clips of how she looked during her pregnancy, and she is completely unrecognisable. Her nose had almost tripled in size, and her face was extremely red and swollen. "Survived nine months of chaos, cried over my face more than I'd like to admit, and now I'm officially someone's mum", she said. "Healing in progress…" Sharing a snap of herself one month after giving birth, Farah's skin looks a lot less red and swollen, and her nose is beginning to shrink in size. She revealed that she went to the doctor about her condition and has been healing herself with creams and laser treatment. Thankfully, Farah revealed that her husband was extremely supportive during her pregnancy, and helped her through every "breakdown". "He constantly reminded me that I was beautiful strong and loved", she said. I thought I was glowing in my pregnancy until my NOSE popped at week 25 - people say it looks like I've used a filter More than 40% of women experience acne during pregnancy, which is caused by hormonal changes. Many women also experience their noses growing in size. "Although 'pregnancy nose' is not a medical term, many women's noses do appear to be bigger toward the end of pregnancy, and they may also experience more frequent nasal drainage than prior to pregnancy," says Jessica Madden, M.D., IBCLC, a board-certified neonatologist, pediatrician, lactation consultant, and the medical director of Aeroflow Breastpumps. How to reduce pregnancy nose Face yoga instructor Angela Rosoff has revealed her free techinque to reduce the size of your nose during pregnancy. She starts with cleansing her face before applying a "light facial oil or serum." Next, she gets into position by pressing her index fingers on either side of her nose. "Start the compression," she said. "Place your fingers at the base of your nose, near the nostrils. "Compress and release. Gently press the sides of your nose together and hold for two to three seconds, then release." She then repeats the process 10 to 15 times, finishing off by massaging around the nose in soft, circular motions.
The Guardian
an hour ago
- The Guardian
Amsterdam nightclub scheme becomes flashpoint in Dutch city planning rows
Amsterdam was once famous for its alternative nightlife but now a planned new multi-storey building that will be home to a club, cafe and apartments has become a flashpoint in the battle between preserving heritage buildings and rowdy entertainment. In the latest urban planning tussle to hit one of Europe's most densely populated countries, neighbours of Amsterdam's planned 'Institute for Night Culture' (INC) fear it will shake their foundations. Last week the Netherlands' highest administrative court, the Council of State, granted planning permission for the project despite residents' concerns about lost sunlight, increased bike traffic and potential damage to historic structures. When the INC, a non-profit initiative, was announced last October, the architect David Mulder van der Vegt said it would be 'this hidden place, this underworld where all kinds of people … will meet'. The city gave it a €50,000 subsidy and the deputy mayor Touria Meliani said it would be an experimental antidote to a growing 'monoculture' in the city's nightlife. But, reflecting tensions that are rife in city planning as the Netherlands aims to build almost a million houses by 2030 and decide whether to build more layers in cities, the plans were far from unanimously welcomed. Walther Schoonenberg, an architecture historian and secretary of the Friends of Amsterdam City Centre (VVAB), said the project, which envisages deep cellar construction, could threaten structural integrity, when one in 10 Dutch houses already face subsidence. 'Very little is known about the state of the foundations and every time digging starts, it turns out they are in poor condition,' he said. 'There are a number of risks, but the Council of State has set them aside.' Others, however, believe extensive Dutch planning procedures are slowing down vital development. 'These sorts of legal cases take years,' said Madeline Buijs, the head of research at Colliers, a real estate advice firm. 'And of course that means delays to new housing.' Such delays have a financial cost too, economists say. When developers have to factor in time for appeals, this in effect becomes a 'tax on development', said Matthijs Korevaar, of Erasmus University Rotterdam. 'Dutch cities are well planned, and part of that is the long and careful procedure to be able to build,' he said. 'Trading off the benefits for insiders versus outsiders is always political.' Historic housing had not always been protected, he said: the Halvemaansteeg, or 'half moon alley', on which the new nightlife centre is to be built would have been turned into a canal in the 17th century if the city had not balked at the cost. As populations expand, urban residents may have to accept taller cities where views and sunlight are not protected, according to Cees-Jan Pen, a professor studying urban development at the Fontys University of Applied Sciences in Eindhoven. 'Everyone wants to solve the housing crisis – just not in front of their own door,' he said. 'But we need to build a little higher, a couple of extra layers. And building in existing cities is more sustainable, too.' A spokesperson for the INC, which is due to open in 2028, said the risks should be minimal. 'The construction method for the basement has also been successfully used in recent years in other projects in the historic centre of Amsterdam,' he said. 'External experts have confirmed in a second opinion that with the proposed construction method, potential risks can be managed well.'
