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Guess who is suing AstraZeneca

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It hasn’t been a great month for the AstraZeneca vaccine against COVID19. The vaccine was halted in many countries over blood clot fears.

Australia never received the doses it expected, and even the United States is offering up 60 million AstraZeneca doses to any countries that might want them.

But now, the European Union has taken it a step further – filing a lawsuit against AstraZeneca, raising the stakes in the spat between the drugmaker and the bloc’s 27 governments over vaccine deliveries.

The EU claims AstraZeneca failed to provide a “reliable strategy” to ensure timely delivery of vaccine doses,

.“We want to make sure that there’s a speedy delivery of a sufficient number of doses the European citizens are entitled to and which have been promised on the basis of this contract.”

European Commission spokesman Stefan De Keersmaecker

The main objective is to obtain the contracted number of doses, according to an EU official. Astra delivered just a quarter of the coronavirus vaccine doses that the EU was expecting in the first quarter, while it has revised downward its projections for shipments in this quarter.

The case was filed by the commission on its own behalf and on behalf of all 27 EU member states at the Brussels court.

The drugmaker has fired back:

“AstraZeneca has fully complied with the advance purchase agreement with the European Commission and will strongly defend itself in court.”

astrazeneca statement

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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