Blog Posts by Deepak Shenoy

  • Japan’s Ministry of Health, Labour and Welfare Approves Gilead’s Harvoni®, the First Once-Daily Single Tablet Regimen for the Treatment of Genotype 1 Chronic Hepatitis C

    – Harvoni Achieved Cure Rates (SVR12) of 100 Percent in Japanese Phase 3 Study –

    – Eliminates Need for Interferon and Ribavirin for Patients with Genotype 1 Hepatitis C –

    FOSTER CITY, Calif.--(BUSINESS WIRE)--

    Gilead Sciences, Inc. (GILD) today announced that the Japanese Ministry of Health, Labour and Welfare (MHLW) has approved Harvoni® (ledipasvir 90 mg/sofosbuvir 400 mg), the first once-daily single tablet regimen for the treatment of chronic hepatitis C genotype 1 infection in adults. Harvoni combines the NS5A inhibitor ledipasvir with the nucleotide analog polymerase inhibitor sofosbuvir, approved by the MHLW under the trade name Sovaldi® in March 2015. Harvoni is indicated for the suppression of viremia in patients with genotype 1 chronic hepatitis C virus (HCV) infection with or without compensated cirrhosis, with a treatment duration of 12 weeks.

    “Today’s approval significantly advances the standard of care for chronic hepatitis C in Japan, as it eliminates the need for interferon and ribavirin, which can be difficult to take and to tolerate,

    Read More »from Japan’s Ministry of Health, Labour and Welfare Approves Gilead’s Harvoni®, the First Once-Daily Single Tablet Regimen for the Treatment of Genotype 1 Chronic Hepatitis C
    Contact:
    Gilead Sciences, Inc.
    Investors:
    Patrick O’Brien, +1 650-522-1936
    Media (U.S.):
    Cara Miller, +1 650-522-1616
    Media (Japan):
    Seiko Noma, +81-3-6837-0790

  • China lifts ban on giant Valemax ships

    The Chinese government has lifted a three-year ban on huge iron ore carriers that had forced Brazil's Vale to ship the commodity to its largest market via the Philippines.

    China's transport ministry and National Development and Reform Commission on Friday said that four ports would be opened to the 400,000-tonne vessels, better known as Valemaxes.

    The boats were designed to help the Brazilian iron ore miner better compete with Anglo-Australian rivals Rio Tinto and BHP Billiton, which benefit from shorter shipping distances to China.

    Late last month the Valemax carrier Yuan Zhuo Hai was permitted to anchor off Qingdao port in eastern Shandong province. Qingdao was one of the four ports cleared on Friday to receive the vessels, along with Dalian, Tangshan and Ningbo.

    Prior to the lifting of the ban, Valemaxes had to transfer their China-bound cargos to smaller vessels in regional ports such as Subic Bay in the Philippines.

    China's transport ministry implemented the

    Read More »from China lifts ban on giant Valemax ships
  • ATHENS (Reuters) - A new opinion poll on Greece's bailout referendum pointed to a closely balanced result in the vote that could decide the country's future in Europe.

    The poll, conducted by the ALCO polling institute and published in the Ethnos newspaper on Friday, reflected a sharp swing from a previous opinion poll that showed the No vote backed by the left-wing government strongly ahead.

    The new poll gave a slight lead for the Yes vote in favour of the bailout at 44.8 percent against 43.4 percent for the No vote. 11.8 percent were undecided.

    Previously, the only full survey to be released since the referendum was announced showed the "No" vote ahead, but falling sharply after the announcement that banks would be shut.

    The latest poll was published a day after the International Monetary Fund delivered a stark warning of the huge financial hole facing Greece.

    The IMF, part of the lenders' "troika" behind successive

    Read More »from New opinion poll shows Yes vote slightly ahead in Greece
  • AMSTERDAM, BRUSSELS, LISBON, Portugal, LONDON & PARIS--(BUSINESS WIRE)--

    Regulatory News :

    Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX), the leading exchange in the Eurozone, today announced trading volumes for June 2015 and enterprise-wide activity for the first half year. During the first six months of 2015, Euronext continued to assert its position as the largest Eurozone financing centre, posting the strongest six-month performance since the end of 2011 supported by favourable economic conditions.

    • The June 2015 average daily transaction value on the Euronext cash order book stood at €9,202 million (+54% compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at €587 million, up 106% compared to June 2014.
    • Cash markets saw a material increase in trading activity across
    Read More »from Euronext Announces Strongest Six Month Trading and Listing Activity since 2011
    Contact:
    Euronext
    Caroline Nico (Europe): +33 1 70 48 24 41
    cnico@euronext.com
    or
    Alice Jentink (Amsterdam): +31 20 721 4488
    ajentink@euronext.com
    or
    Pascal Brabant (Brussels): +32 2 620 15 50
    pbrabant@euronext.com
    or
    Sandra Machado (Lisbon): +351 217 900 029
    smachado@euronext.com
    or
    Aichata Tandjigora (Paris): +33 1 70 48 24 43
    atandjigora@euronext.com
  • College Home Run Derby Crowns a New Champion: Jeff Campbell, University of North Dakota

    Records Set at 6th Annual Event

    OMAHA, Neb.--(BUSINESS WIRE)--

    The University of North Dakota’s Jeff Campbell won the 2015 TD Ameritrade College Home Run Derby tonight at TD Ameritrade Park Omaha here in front of a crowd of 20,087 energized fans. The event aired nationally on ESPN.

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150702005930/en/

    Campbell bested Will Craig of Wake Forest University in the final round 10 to five. Led by Campbell and Kel Johnson (Georgia Tech) in the first round, the field set a new record for homers in a round of 79. The previous best was 48 set last year. Craig got to the final round by pummeling 16 in the second round.

    “On behalf of TD Ameritrade employees nationwide, we are pleased to congratulate [NAME] on his victory,” said Katrina Booker, managing director, communications and public affairs for TD Ameritrade.

    Read More »from College Home Run Derby Crowns a New Champion: Jeff Campbell, University of North Dakota
    Contact:
    At Intersport:
    Steve Johnson, 312-467-8663
    VP, Public Relations
    sjohnson@intersportnet.com
    or
    At TD Ameritrade:
    Kim Hillyer, 312-467-8663
    Director, Communications & Public Affairs
    sjohnson@intersportnet.com
  • Chinese university sells graduates online

    A mainland university has launched an e-commerce platform to sell new graduates to prospective employers, reflecting the worrisome downturn in the country's job market.

    The 'Kunming University Talent Shop' was launched on Alibaba's retail platform Taobao on Thursday by He Hua, president of Kunming University, according to the People's Daily Online.

    The site profiles 65 of the university's top graduates with a photograph and a brief summary of their career ambitions and preferred salaries.

    The students are divided into four categories, the news report said: 'One Belt One Road style,' 'Made in China 2025 style,' 'internet style' and 'elite style,' a reference to Beijing's flagship economic growth policies to promote Chinese infrastructure investment and manufacturing power.

    Prospective employers can then bid for the right to offer each student a job contract. Bidding fees start from 1,000 yuan ($160), payable to the site and the money is returned a week later regardless of a job offer,

    Read More »from Chinese university sells graduates online
  • Why investors think Japan has some pretty hot property

    Japan's economy is barely growing, its population is falling and wages have long been stagnant, but investors both inside and outside the country see surprisingly big opportunities in its property market.

    "It has become difficult for general households to keep up with rising housing prices while employment and income are stagnating," Deutsche Bank said in a June note, citing data showing Tokyo condos cost more than nine times annual household income.

    "In demographic terms, we expect the nationwide housing demand to remain weak," it said, citing the steady decline of people in the 25-44 year-old age bracket.

    But that hasn't stopped property prices from marching higher. Japan's residential property price index for March rose 1.5 percent from a year earlier, while the Tokyo index was up 4.7 percent. Tokyo condominium prices were up 8.9 percent over the same period.

    Read More Is the bubble in this property market set to pop?

    The Tokyo condo prices may be getting at

    Read More »from Why investors think Japan has some pretty hot property
  • By Terry Wade and Kristen Hays

    HOUSTON (Reuters) - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

    The agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties and cleanup costs. The company said its total pre-tax charge for the spill now stands at $53.8 billion. (http://link.reuters.com/duz94w)

    BP shares jumped more than 5 percent in New York trading as investors said the British company, often mentioned as a potential acquisition target, could now turn the page on one of the darkest chapters in its century-long history.

    Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states.

    Read More »from BP reaches $18.7 billion settlement over deadly 2010 spill
  • BENGALURU (Reuters) - India's dominant services industry contracted for a second month in June as new business again declined, suggesting Asia's third-largest economy is struggling to maintain growth, a survey showed on Friday.

    Any weakness in the economy, alongside subdued inflation, will likely add to expectations the Reserve Bank of India will ease monetary policy sooner rather than later.

    The Nikkei Services Purchasing Managers' Index, compiled by Markit, dropped to a 15-month low of 47.7 in June from May's 49.6, well below the 50-level that separates growth from contraction.

    Five out of the six industries monitored reported falling activity and the new orders index sank to 47.3, its lowest level since December 2013.

    Weak demand also curtailed factory growth, a sister survey showed on Wednesday.

    "June's Indian service sector data disappointed," said Pollyanna De Lima, an economist at Markit.

    "All

    Read More »from Business activity in India contracts again in June on weak demand
  • Military recruits still not using American-made sneakers

    New Balance says military slow to deliver on promise to outfit recruits in US-made sneakers

    BOSTON (AP) -- New Balance thinks the U.S. military is dragging its feet.

    Last April, the Department of Defense announced military recruits would start using athletic shoes 100 percent made and manufactured in America, in recognition of a law Congress passed in 1941 requiring the department give preference to American-made goods.

    Over a year after the announcement, the Army, Navy, Air Force and Marines have still not purchased a single sneaker that meets the exacting standards of the 1941 law, known as the Berry Amendment.

    Matthew LeBretton, New Balance's vice president of public affairs, is convinced the delays are deliberate "payback" for companies like New Balance that have been vocally lobbying for the change for years.

    "We've pushed and pushed to the point where we're at now, and we're still encountering tremendous resistance," he said. "They're not used to being pushed that way and I think

    Read More »from Military recruits still not using American-made sneakers

Blog Posts by Deepak Shenoy

  • Japan’s Ministry of Health, Labour and Welfare Approves Gilead’s Harvoni®, the First Once-Daily Single Tablet Regimen for the Treatment of Genotype 1 Chronic Hepatitis C

    – Harvoni Achieved Cure Rates (SVR12) of 100 Percent in Japanese Phase 3 Study –

    – Eliminates Need for Interferon and Ribavirin for Patients with Genotype 1 Hepatitis C –

    FOSTER CITY, Calif.--(BUSINESS WIRE)--

    Gilead Sciences, Inc. (GILD) today announced that the Japanese Ministry of Health, Labour and Welfare (MHLW) has approved Harvoni® (ledipasvir 90 mg/sofosbuvir 400 mg), the first once-daily single tablet regimen for the treatment of chronic hepatitis C genotype 1 infection in adults. Harvoni combines the NS5A inhibitor ledipasvir with the nucleotide analog polymerase inhibitor sofosbuvir, approved by the MHLW under the trade name Sovaldi® in March 2015. Harvoni is indicated for the suppression of viremia in patients with genotype 1 chronic hepatitis C virus (HCV) infection with or without compensated cirrhosis, with a treatment duration of 12 weeks.

    “Today’s approval significantly advances the standard of care for chronic hepatitis C in Japan, as it eliminates the need for interferon and ribavirin, which can be difficult to take and to tolerate,

    Read More »from Japan’s Ministry of Health, Labour and Welfare Approves Gilead’s Harvoni®, the First Once-Daily Single Tablet Regimen for the Treatment of Genotype 1 Chronic Hepatitis C
    Contact:
    Gilead Sciences, Inc.
    Investors:
    Patrick O’Brien, +1 650-522-1936
    Media (U.S.):
    Cara Miller, +1 650-522-1616
    Media (Japan):
    Seiko Noma, +81-3-6837-0790

  • China lifts ban on giant Valemax ships

    The Chinese government has lifted a three-year ban on huge iron ore carriers that had forced Brazil's Vale to ship the commodity to its largest market via the Philippines.

    China's transport ministry and National Development and Reform Commission on Friday said that four ports would be opened to the 400,000-tonne vessels, better known as Valemaxes.

    The boats were designed to help the Brazilian iron ore miner better compete with Anglo-Australian rivals Rio Tinto and BHP Billiton, which benefit from shorter shipping distances to China.

    Late last month the Valemax carrier Yuan Zhuo Hai was permitted to anchor off Qingdao port in eastern Shandong province. Qingdao was one of the four ports cleared on Friday to receive the vessels, along with Dalian, Tangshan and Ningbo.

    Prior to the lifting of the ban, Valemaxes had to transfer their China-bound cargos to smaller vessels in regional ports such as Subic Bay in the Philippines.

    China's transport ministry implemented the

    Read More »from China lifts ban on giant Valemax ships
  • ATHENS (Reuters) - A new opinion poll on Greece's bailout referendum pointed to a closely balanced result in the vote that could decide the country's future in Europe.

    The poll, conducted by the ALCO polling institute and published in the Ethnos newspaper on Friday, reflected a sharp swing from a previous opinion poll that showed the No vote backed by the left-wing government strongly ahead.

    The new poll gave a slight lead for the Yes vote in favour of the bailout at 44.8 percent against 43.4 percent for the No vote. 11.8 percent were undecided.

    Previously, the only full survey to be released since the referendum was announced showed the "No" vote ahead, but falling sharply after the announcement that banks would be shut.

    The latest poll was published a day after the International Monetary Fund delivered a stark warning of the huge financial hole facing Greece.

    The IMF, part of the lenders' "troika" behind successive

    Read More »from New opinion poll shows Yes vote slightly ahead in Greece
  • AMSTERDAM, BRUSSELS, LISBON, Portugal, LONDON & PARIS--(BUSINESS WIRE)--

    Regulatory News :

    Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX), the leading exchange in the Eurozone, today announced trading volumes for June 2015 and enterprise-wide activity for the first half year. During the first six months of 2015, Euronext continued to assert its position as the largest Eurozone financing centre, posting the strongest six-month performance since the end of 2011 supported by favourable economic conditions.

    • The June 2015 average daily transaction value on the Euronext cash order book stood at €9,202 million (+54% compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at €587 million, up 106% compared to June 2014.
    • Cash markets saw a material increase in trading activity across
    Read More »from Euronext Announces Strongest Six Month Trading and Listing Activity since 2011
    Contact:
    Euronext
    Caroline Nico (Europe): +33 1 70 48 24 41
    cnico@euronext.com
    or
    Alice Jentink (Amsterdam): +31 20 721 4488
    ajentink@euronext.com
    or
    Pascal Brabant (Brussels): +32 2 620 15 50
    pbrabant@euronext.com
    or
    Sandra Machado (Lisbon): +351 217 900 029
    smachado@euronext.com
    or
    Aichata Tandjigora (Paris): +33 1 70 48 24 43
    atandjigora@euronext.com
  • College Home Run Derby Crowns a New Champion: Jeff Campbell, University of North Dakota

    Records Set at 6th Annual Event

    OMAHA, Neb.--(BUSINESS WIRE)--

    The University of North Dakota’s Jeff Campbell won the 2015 TD Ameritrade College Home Run Derby tonight at TD Ameritrade Park Omaha here in front of a crowd of 20,087 energized fans. The event aired nationally on ESPN.

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150702005930/en/

    Campbell bested Will Craig of Wake Forest University in the final round 10 to five. Led by Campbell and Kel Johnson (Georgia Tech) in the first round, the field set a new record for homers in a round of 79. The previous best was 48 set last year. Craig got to the final round by pummeling 16 in the second round.

    “On behalf of TD Ameritrade employees nationwide, we are pleased to congratulate [NAME] on his victory,” said Katrina Booker, managing director, communications and public affairs for TD Ameritrade.

    Read More »from College Home Run Derby Crowns a New Champion: Jeff Campbell, University of North Dakota
    Contact:
    At Intersport:
    Steve Johnson, 312-467-8663
    VP, Public Relations
    sjohnson@intersportnet.com
    or
    At TD Ameritrade:
    Kim Hillyer, 312-467-8663
    Director, Communications & Public Affairs
    sjohnson@intersportnet.com
  • Chinese university sells graduates online

    A mainland university has launched an e-commerce platform to sell new graduates to prospective employers, reflecting the worrisome downturn in the country's job market.

    The 'Kunming University Talent Shop' was launched on Alibaba's retail platform Taobao on Thursday by He Hua, president of Kunming University, according to the People's Daily Online.

    The site profiles 65 of the university's top graduates with a photograph and a brief summary of their career ambitions and preferred salaries.

    The students are divided into four categories, the news report said: 'One Belt One Road style,' 'Made in China 2025 style,' 'internet style' and 'elite style,' a reference to Beijing's flagship economic growth policies to promote Chinese infrastructure investment and manufacturing power.

    Prospective employers can then bid for the right to offer each student a job contract. Bidding fees start from 1,000 yuan ($160), payable to the site and the money is returned a week later regardless of a job offer,

    Read More »from Chinese university sells graduates online
  • Why investors think Japan has some pretty hot property

    Japan's economy is barely growing, its population is falling and wages have long been stagnant, but investors both inside and outside the country see surprisingly big opportunities in its property market.

    "It has become difficult for general households to keep up with rising housing prices while employment and income are stagnating," Deutsche Bank said in a June note, citing data showing Tokyo condos cost more than nine times annual household income.

    "In demographic terms, we expect the nationwide housing demand to remain weak," it said, citing the steady decline of people in the 25-44 year-old age bracket.

    But that hasn't stopped property prices from marching higher. Japan's residential property price index for March rose 1.5 percent from a year earlier, while the Tokyo index was up 4.7 percent. Tokyo condominium prices were up 8.9 percent over the same period.

    Read More Is the bubble in this property market set to pop?

    The Tokyo condo prices may be getting at

    Read More »from Why investors think Japan has some pretty hot property
  • By Terry Wade and Kristen Hays

    HOUSTON (Reuters) - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

    The agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties and cleanup costs. The company said its total pre-tax charge for the spill now stands at $53.8 billion. (http://link.reuters.com/duz94w)

    BP shares jumped more than 5 percent in New York trading as investors said the British company, often mentioned as a potential acquisition target, could now turn the page on one of the darkest chapters in its century-long history.

    Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states.

    Read More »from BP reaches $18.7 billion settlement over deadly 2010 spill
  • BENGALURU (Reuters) - India's dominant services industry contracted for a second month in June as new business again declined, suggesting Asia's third-largest economy is struggling to maintain growth, a survey showed on Friday.

    Any weakness in the economy, alongside subdued inflation, will likely add to expectations the Reserve Bank of India will ease monetary policy sooner rather than later.

    The Nikkei Services Purchasing Managers' Index, compiled by Markit, dropped to a 15-month low of 47.7 in June from May's 49.6, well below the 50-level that separates growth from contraction.

    Five out of the six industries monitored reported falling activity and the new orders index sank to 47.3, its lowest level since December 2013.

    Weak demand also curtailed factory growth, a sister survey showed on Wednesday.

    "June's Indian service sector data disappointed," said Pollyanna De Lima, an economist at Markit.

    "All

    Read More »from Business activity in India contracts again in June on weak demand
  • Military recruits still not using American-made sneakers

    New Balance says military slow to deliver on promise to outfit recruits in US-made sneakers

    BOSTON (AP) -- New Balance thinks the U.S. military is dragging its feet.

    Last April, the Department of Defense announced military recruits would start using athletic shoes 100 percent made and manufactured in America, in recognition of a law Congress passed in 1941 requiring the department give preference to American-made goods.

    Over a year after the announcement, the Army, Navy, Air Force and Marines have still not purchased a single sneaker that meets the exacting standards of the 1941 law, known as the Berry Amendment.

    Matthew LeBretton, New Balance's vice president of public affairs, is convinced the delays are deliberate "payback" for companies like New Balance that have been vocally lobbying for the change for years.

    "We've pushed and pushed to the point where we're at now, and we're still encountering tremendous resistance," he said. "They're not used to being pushed that way and I think

    Read More »from Military recruits still not using American-made sneakers

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