Hartford Rejects Chubb Limited’s Acquisition Proposal – Quick Facts
The Hartford said its board of directors has unanimously rejected Chubb Limited’s
unsolicited proposal to acquire the company. The Board determined that entering into
discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders.
The board of Hartford reaffirmed its commitment in the continued execution of the company’s strategic business plan.
The Hartford Financial Services Group, Inc. (HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut.
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Ortho Clinical Diagnostics Gets FDA EUA For Updated VITROS SARS-CoV-2 Antigen Test – Quick Facts
Vitro diagnostics company Ortho Clinical Diagnostics (OCDX) announced Tuesday that it received authorization from the U.S. Food and Drug Administration (FDA) to update key claims for the VITROS SARS-CoV-2 Antigen Test, the first high-volume SARS-CoV-2 antigen assay to receive Emergency Use Authorization (EUA) in the United States.
The test has now received the FDA’s EUA for new improved sensitivity data, updated specimen collection methods and additional viral transport media.
Authorized for use in the U.S. in January 2021, Ortho’s VITROS SARS-CoV-2 Antigen Test offers reliable detection of SARS-CoV-2 in patients suspected of COVID-19 by their healthcare provider within seven days of the onset of symptoms with high sensitivity and specificity.
Opinion: Elgin Baylor was the most underappreciated of all NBA superstars
No appreciation of Elgin Baylor should go without mentioning that Baylor might be the most underrated NBA star ever.
For his career, he averaged 27.4 points and 13.5 rebounds – one of two players to average those numbers. Wilt Chamberlain is the other.
And Baylor, who died Monday at the age of 86, did it as a 6-foot-5 small forward.
In 1960-61, he averaged 34.8 points and 19.8 rebounds and followed that in 1961-62 with 38.3 points and 18.6 rebounds per game. Until knee trouble hampered Baylor in his final two NBA seasons, he averaged at least 24 points and 10 rebounds in 11 of his first 12 seasons.
He was the first person to score 70 in an NBA game, and it took Chamberlain to break Baylor’s record.
JERRY WEST REMEMBERS ELGIN BAYLOR: 'A great, great player and a better teammate'
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Toronto Dominion Bank To Buy Headlands Tech Global Markets For Undisclosed Terms- Quick Facts
The Toronto Dominion Bank (TD.TO) and Headlands Tech Holdings, LLC on Tuesday announced a definitive agreement under which Toronto Dominion will acquire Chicago-based quantitative fixed income trading company Headlands Tech Global Markets, LLC. The financial terms of the deal were not disclosed.
The acquisition is expected to widen TD Securities’ automated trading infrastructure and capabilities.
The acquisition is expected to be completed by mid-2021 and once done, Toronto Dominion anticipates the deal to have minimum impact on its capital. Headlands Tech Global Markets’ 15 employees, including Co-CEOs Martin Mannion and Matthew Schrager, will join TD Securities upon completion of the deal.
Commenting on the deal, Bob Dorrance, Chairman, Chief Executive Officer and President, TD Securities, said, “This acquisition further strengthens our electronic bond trading infrastructure and underscores our commitment to delivering data-driven innovation and growing our global platform. Headlands Tech Global Markets’ platform and people will expand our U.S. capabilities in the municipal and corporate bond markets.”
D Securities served as financial advisor to Toronto Dominion Bank in this transaction.
Pfizer to reportedly develop new vaccines on its own using mRNA technology
- Pfizer plans to tap the mRNA technology to make new vaccines for other viruses following the success of its Covid-19 shot, which was developed jointly with BioNTech, WSJ reported.
- Pfizer/BioNTech and Moderna's Covid-19 vaccines, authorized for emergency use in the United States, use mRNA technology.
- The success of the technology is prompting drug developers to consider its use in other areas of medicine beyond vaccines.
Pfizer plans to tap the mRNA technology to make new vaccines for other viruses following the success of its Covid-19 shot, which was developed jointly with German partner BioNTech, The Wall Street Journal reported on Tuesday.
The drugmaker said it was ready to pursue mRNA on its own following its experience in the past year working on the COVID-19 vaccine, the WSJ reported, citing an interview with Pfizer Chief Executive Officer Albert Bourla.
It did not, however, disclose any details about the viruses it was targeting.
Pfizer and BioNTech did not immediately respond to Reuters requests for comment.
Pfizer/BioNTech and Moderna's Covid-19 vaccines, authorized for emergency use in the United States, use mRNA technology.
The success of the technology is prompting drug developers to consider its use in other areas of medicine beyond vaccines, attracting billions of dollars in investment.
Betsy DeVos Raked In Vast Outside Income As Education Secretary
Billionaire Betsy DeVos fattened her fortune considerably from various business interests during her four-year run as education secretary under former President Donald Trump.
DeVos, who is reportedly worth more than $2 billion, reported outside earnings from dividends, interest and rents of at least $225 million and “potentially well over $414 million” during her time in the Cabinet role, according to an analysis of her financial disclosures by watchdog group Citizens for Responsibility and Ethics in Washington.
“It is impossible to know the exact amount because DeVos’s income is reported in broad ranges, but we do know for a fact that she made nine figures during her four years in office,” the group, known as CREW, said in a statement Monday.
At the most modest end of her reported income, DeVos would have raked in more than $158,000 each day of her 1,422 days in the position. That works out to more than $6,500 per hour.
DeVos, who pledged to donate her government salary to charity, resigned from her job after the U.S. Capitol riot on Jan. 6. She cited Trump’s divisive rhetoric as an “inflection point.”
Critics, however, said DeVos’ condemnation of the then-president was too little, too late.
Last month, CREW reported that Ivanka Trump and Jared Kushner earned between $172 million and $640 million in outside income during their time in the Trump administration.