WHO set to review Moderna’s jab, Apple to spend $1 billion on a replacement campus, BP to supply renewable power to US homes, Tesla looks to recycle more components in China, Check Point Software beats expectations, and Honest Co and Betway unveil plans to travel public.
Moderna’s coronavirus vaccine are going to be reviewed by technical experts later in the week to make a decision whether it should be added to the planet Health Organisation’s emergency-use list.
Jabs made by Pfizer, AstraZeneca and Johnson & Johnson are added to the WHO’s list, which is meant to send a sign to countries round the world about which vaccines are safe and effective.
Officials told Reuters the vaccine are going to be reviewed by April 30, with a final judgment expected one to four days after.
Apple has released plans to spend up to $1 billion on building a replacement campus in North Carolina which will house up to three ,000 workers and make a replacement engineering hub built around jobs within the likes of machine learning, AI and software design.
The new campus will follow on from plans to spend an equivalent amount on a replacement campus in Texas back in 2019. It forms a part of Apple’s ambition to rent 20,000 more people across the US by 2026.
Apple said it’s also raised its spending target within the US to $430 billion by 2026 from the previous $350 billion target set back in 2018.
BP has applied for a licence to provide homes with renewable electricity as a part of its plans to shift to greener energy.
The company has applied to supply electricity to residential properties in California, Ohio, Illinois, Pennsylvania and Texas in what would be its entry into the retail power market. this is often expected to draw renewable energy from its onshore wind farms, solar farms and a gas plant in Indiana.
Canadian Pacific and Kansas City
Hundreds of freight rail companies have written to voice their support for a mixture between Canadian Pacific Railway and Kansas City Southern after rival Canadian National Railway launched a bid last week.
Canadian Pacific made a $25 billion bid for Kansas City Southern in hopes of making the primary combined rail network spanning Canada, the US and Mexico. However, Canadian National made a rival bid worth over $30 billion. Canadian Pacific has said it’ll not raise its bid but still believes it’s the simplest option for Kansas City.
Around 416 rail shippers have written to the US Surface Transportation Board voicing their support for Canadian Pacific to shop for Kansas City, while only 135 letters had been received supporting the proposed combination with Canadian National.
Tesla intends to create facilities at its factory in Shanghai which will repair and recycle key components like electric motors and batteries, consistent with paperwork filed in China.
It is thought to be in response to new rules in China requiring key components for electric vehicles to be recycled, and a part of wider plans to localise supply chains. No timeframe or details on capacity are revealed.
Tesla sold around 35,000 electric vehicles that were made in China last month and is beginning to export them into Europe.
Check Point Software Technologies
Check Point Software Technologies beat expectations within the half-moon because of increased demand for its cloud platform and network security products as people work from home during the pandemic.
The company reported a forty five rise in revenue to $508 million while diluted earnings per share came in at $1.52 compared to $1.42 a year earlier. That beat expectations for revenue of $502 million and EPS of $1.50.
It reported double-digit growth from its cloud platform and said security products benefited from the necessity for ‘holistic security architecture’ among businesses and institutions.
Nestle is in discussions about buying The Bountiful Company as a part of plans to expand into the health and nutrition sector.
The Swiss food giant is preparing to shop for all or a part of the corporate but didn’t release further details. Analysts expect The Bountiful Company to fetch a tag of between $5 billion to $7 billion.
The company makes the likes of Osteo Bi-Flex joint care supplements and Puritan Pride vitamins.
Consumer goods firm Honest Co announced it’s planning on going public within the US with a valuation of around $1.5 billion.
The company, founded by actress Jessica Alba, revealed it had seen a surge in demand during the pandemic with revenue jumping by around 28% to $300 million in 2020. However, the corporate remains within the red with a net loss of $14.5 million after narrowing from a $31.1 million loss the year before.
Honest Co sells a good range of products starting from sunscreen to baby products. it’s hoping to sell shares for between $14 and $17 each.
Sports Entertainment Acquisition Corp
Online bookmaker Betway plans to travel public by merging with SPAC Sports Entertainment Acquisition during a merger which will value Betway’s owner, Super Group, at around $4.75 billion.
The valuation excludes the $450 million held by Sports Entertainment in trust. the corporate plans to trade under the ticker ‘SGHC’ if the deal goes ahead.