General view of the Hollywood Sign on November 17, 2020 in Hollywood, California. AaronP/Bauer-Griffin | GC Images | Getty Images After months of rising coronavirus cases, hospitalizations and deaths in California, several Hollywood guilds and labor unions are recommending that in-person production of television shows and independent films be temporarily …
Read More »Moderna increases minimum 2021 Covid vaccine production by 20% to 600 million doses
A medical worker holds a Moderna COVID-19 vaccine vial on the first day that Orange County residents 65 and older are able to be vaccinated at a drive through site at the Orange County Convention Center on December 29, 2020 in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images …
Read More »Biden to invoke Defense Production Act to spur Covid vaccine production
President-elect Joe Biden plans to invoke the Defense Production Act after he takes office next month to boost production of coronavirus vaccines, a member of his Covid-19 advisory team said Monday. “You will see him invoking the Defense Production Act,” Dr. Celine Gounder, a member of Biden’s Covid-19 advisory board, …
Read More »Boeing trims 787 production target, citing pandemic, slower deliveries
Workers assemble a Boeing Co. 787 Dreamliner airplane at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images Boeing has further trimmed its production target for 787 Dreamliner output to five a month in mid-2021 from six as international travel demand suffers in the …
Read More »Ford’s November sales down 21% due to F-150 pickup supply, production
Tight inventory levels of Ford Motor’s F-150 pickup due to pandemic-related plant shutdowns earlier this year and production starting for a redesigned model led to a 20.9% decrease in the automaker’s sales in November, the company said Wednesday. The Detroit automaker reported sales of the popular full-size pickup were nearly …
Read More »Relativity Space closes $500 million for scaling 3D-printed rocket production
Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so. “We’re excited to announce a $500 million Series D funding round at a valuation above $2 …
Read More »Indian drugmakers will be ‘essential’ in Covid-19 therapy production
SINGAPORE — India’s generic drugmakers will have an “essential” role to play in rolling out Covid-19 therapeutics to low- and middle-income countries, a United Nations-backed public health body has said. Charles Gore, executive director of Medicines Patent Pool, which works to improve access to medicines in developing nations, told CNBC …
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