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Troubled times awaiting AstraZeneca

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As the rollout of COVID-19 vaccines ramps up around the world, the European Union is preparing to launch legal action against AstraZeneca.

astrazeneca could be taken to court

According to Reuters, the European Commission is working on legal proceedings against the drugmaker following the company cutting vaccine deliveries to the EU.

The move is set to further strain relationships and would further step a plan to allow the EU to cut ties with the Anglo-Swedish pharmaceutical giant.

AstraZeneca has been accused of repeatedly cutting vaccine supplies to the EU, resulting in major delays to the vaccine rollout across Europe.

AstraZeneca is under a contract to supply 180 million doses in the second quarter of this year but in a major blow, back in March, AstraZeneca revealed they could only deliver one-third of that total.

They cited manufacturing issues as one of the main reasons for the delay. 

EU states will still need to decide if they’ll participate in the legal action, .according to an official from the European Commission.

However, earlier in March Brussels sent a legal letter to the company highlighting their intention of potential court proceedings.

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NASA astronauts phone home, confident Boeing’s Starliner will return to Earth safely

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Stranded NASA astronauts express confidence in Boeing’s Starliner spacecraft, assuring its capability to safely transport them back to Earth from the International Space Station.

The astronauts, over a video call to NASA, highlighted Starliner’s enhanced safety features and testing protocols as reassuring factors for their safe return.

“I have a real good feeling in my heart that this spacecraft will bring us home, no problem…”, said Sunita “Suni” Williams, one of the stranded NASA astronauts.

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Leaders

Franchising vs. Independent: key differences to choosing the right SMB model

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With latest Australian Federal budget, many SMB’s are weighing their options when selecting a suitable business model.

Franchising provides brand recognition, operational support, and economies of scale but involves ongoing fees.

Independent businesses offer full control and profit retention but face higher costs and regulatory challenges.

For risk and reward, the franchising model reduces risk through established practices and support but involves ongoing fees and profit-sharing with the franchisor.

On the alternative, independent businesses retain full control of profits but face higher risks and responsibilities in managing the business.

Sonia Shwabsky, CEO at Kwik Kopy Australia, joins to share her key insights on SMB’s. #featured

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Money

Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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