AbbVie in talks to acquire Gilgamesh Pharmaceuticals
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
All Nippon Airways finalizes takeover of Nippon Cargo Airlines
All Nippon Airways has finally acquired Nippon Cargo Airlines, the company announced late Sunday, ending a two year saga and creating the world's 14th largest airline group by tonnage transported. ANA postponed completing the deal eight times because of delays in regulatory reviews. Chinese competition authorities approved the deal, with conditions, in early July. The Japan Fair Trade Commission approved the transaction in January. The acquisition will help All Nippon Airways, which operates six Boeing 767 freighter aircraft and two Boeing 777 freighters, in addition to managing cargo carried by the company's passenger aircraft, expand its international air cargo network and related products to better support shippers. In 2023, ANA had nine 767 cargo jets in the fleet. Nippon Cargo Airlines owns and controls 15 Boeing 747 jumbo freighters: eight 747-8s it flies on its own, plus five older 747-400s operated on its behalf by U.S.-based Atlas Air and two 747-400s crewed by ASL Airlines Belgium. Japanese ocean and transport company Nippon Yusen Kabushiki Kaisha, also known as NYK Line, agreed in March 2023 to sell NCA to ANA, saying it faced challenges making the investments necessary to maintain the fleet as operating margins contracted. The companies took much longer than expected to finalize the deal because of difficulty receiving all approvals from nations where the companies operate, according to a high-level source with one of the companies. After initial delays, executives anticipated deal closure to happen in February 2024. Earlier this year, ANA said it expected to complete the transaction on May 1. 'The strategic integration of NCA's freighter network and specialized cargo expertise with the ANA Group's existing infrastructure will greatly improve our capability to serve our customers' needs,' said Koji Shibata, president and CEO of ANA Holdings. 'We are committed to leveraging this expanded capacity and combined knowledge to deliver exceptional value in our cargo transport solutions globally.' The final transfer of NCA shares to ANA occurred on Friday. Financial terms were not disclosed. ANA international cargo revenue for the fiscal year first quarter ended June 30 slipped 2% to $286.2 million despite a 2.5% increase in traffic volume. Demand fell for shipments from China to North America, but ANA offset the decline with more shipments from the rest of Asia to North America. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. RELATED READING: Amazon launches dedicated cargo service to Colombia with 21 Air The post All Nippon Airways finalizes takeover of Nippon Cargo Airlines appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Medscape
9 minutes ago
- Medscape
Food Insecurity Linked to Rapid Mental Health Deterioration
TOPLINE: Food insecurity predicted and was associated with increased symptoms of anxiety and depression within 1 month, new research showed. However, mental health improved rapidly when food security was restored. METHODOLOGY: Researchers conducted a secondary analysis of Changing Cost of Living Study data for 240 adults from France and 244 adults from the UK between 2022 and 2023. Food insecurity was measured using three items from the United Nations Global Food Insecurity Experience Scale with a 1-week reference period, yielding scores from 0 (food secure) to 3 (severe food insecurity). Anxiety and depression were measured using the seven-item Generalized Anxiety Disorder questionnaire (GAD-7) and eight-item Patient Health Questionnaire (PHQ-8) scores, respectively, with reference periods of 2 weeks. Additionally, analyses were conducted 'within individuals' (how a single individual's characteristics change) and 'between individuals' (how individuals differ from each other). TAKEAWAY: Within-individual analysis showed that food-insecure vs food-secure months were associated with increased concurrent symptoms of anxiety (mean standardized GAD-7 score, 0.15; P < .001) and depression (mean standardized PHQ-8 score, 0.11; P = .005). Between-individual analysis showed an even stronger association between food insecurity and poor mental health, with nearly fivefold higher mean standardized scores on the GAD-7 (0.71) and sevenfold higher scores on the PHQ-8 (0.76; P < .001 for both) than those of the within-individual analysis. The associations between food insecurity and poor mental health persisted even after controlling for sex, age, time, and mental health in the previous month. Additional data showed that eliminating food insecurity could potentially reduce clinically-relevant anxiety and depression symptoms by 20.79 and 19.47 percentage points, respectively, in affected populations. IN PRACTICE: 'The effects were rapid, occurring within a month of becoming food insecure, and were equally rapidly reversed,' the investigators wrote. 'Consistent with Granger causality, food insecurity in the current month predicted poorer mental health in the following month after controlling for current mental health,' which supports the hypothesis that food insecurity may cause anxiety and depression symptoms, they added. SOURCE: The study was led by Melissa Bateson, Biosciences Institute, Newcastle University, Newcastle upon Tyne, England. It was published online on July 16 in PLOS Mental Health. LIMITATIONS: The study panels were not nationally representative, and all measurements relied on self-reported data, potentially introducing a reporting bias. Additionally, the intensive longitudinal design of the study did not permit causal inferences comparable to those from experimental studies. DISCLOSURES: The study was funded by Agence Nationale de la Recherche, UK Prevention Research Partnership, National Institute for Health and Care Research, and University of York Cost of Living Research Group. The investigators reported having no relevant conflicts of interest. This article was created using several editorial tools, including AI, as part of the process. Human editors reviewed this content before publication.
Wall Street Journal
10 minutes ago
- Wall Street Journal
UBS to Pay $300 Million to Settle Credit Suisse Obligations Under DOJ Dea
UBS Group said it reached an agreement with the U.S. Justice Department to pay $300 million to resolve outstanding consumer-relief obligations Credit Suisse committed to. Swiss bank UBS, which in 2023 acquired Credit Suisse, said Monday that its Credit Suisse Securities (USA) LLC subsidiary entered into an agreement with the DOJ to resolve all outstanding obligations under a previous settlement. The obligations stem from a 2017 agreement between Credit Suisse and the DOJ related to the bank's legacy residential mortgage-backed securities business.
