ROUNDUP 4: Biontech / Pfizer vaccine also approved in USA – pressure from Trump
MAINZ / NEW YORK / WASHINGTON – The drug from the Mainz-based pharmaceutical company BioNTech and its US partner Pfizer is the first corona vaccine to receive emergency approval in the USA. The vaccine can now be used in people aged 16 and over, the US FDA announced on Friday evening (local time).
Pharmaceutical company Astrazeneca plans to buy Alexion for $ 39 billion
CAMBRIDGE / BOSTON – There is a billion-dollar takeover in the pharmaceutical industry: The British drug manufacturer AstraZeneca wants to buy its US competitor Alexion for a total of 39 billion US dollars, as the two companies announced on Saturday in Cambridge and Boston. Astrazeneca wants to pay a total of 175 dollars per Alexion share in cash and in its own papers. The boards of directors of both parties would have approved the takeover. With the takeover, Astrazeneca wants to expand its business with drugs for rare diseases, in which Alexion specializes. The US company currently has annual sales of around $ 5 billion.
ROUNDUP 2 / Pre-Christmas quake at BVB: Off for coach Favre
DORTMUND – At the beginning of his term of office celebrated as a do-it-yourselfer, at the end driven out as a procrastinator – the separation from Lucien Favre caused a pre-Christmas tremor at Borussia Dortmund (BVB (Borussia Dortmund)). Less than 24 hours after the 1: 5 debacle against VfB Stuttgart, the Revierclub drew the consequences and prematurely terminated the collaboration with the 63-year-old Swiss that was actually contractually agreed until summer 2021.
ROUNDUP: Mediengruppe RTL tests live formats for news online
KLN – Mediengruppe RTL Deutschland (RTL) is increasingly testing live formats on the Internet for news. In addition to the news broadcaster website ntv.de, users at rtl.de have also been informed “for quite some time” via specially produced live streams of news-relevant events, as a media group spokesman said at the request of the German Press Agency.
FDP politician: Altmaier jointly responsible for Wirecard share deals
BERLIN – FDP finance politician Florian Toncar has accused Economics Minister Peter Altmaier (CDU) of being jointly responsible for questionable share deals in connection with the Wirecard scandal. Toncar criticized on Sunday that his ministry had set up completely unusable rules for employee transactions with the Apas auditors. “But even these were not checked, the ministry almost blindly trusted the Apas.” Altmaier had to dismiss Apas boss Ralf Bose immediately if he didn’t want to become a central figure in the Wirecard scandal.
ROUNDUP / ‘Colonia’ is too stupid: NRW prohibits beer from Hesse
KLN – Kln likes to pride itself on its tolerance, also in matters of taste. This is even sung about in the hymn-like Schunkler “Viva Colonia” by the carnival band Hhner. It says, translated into High German: “We are multicultural, we are multicultural.” But the spa sometimes stops with a beer. This can be recognized by the spell beam that now hits a fabric that is called, of all things, like the song of the hens: “Colonia”.
ROUNDUP / Insurance: compulsory protection against pandemics
MNCHEN – The insurance industry, which has come under pressure in the Corona crisis, is urging mandatory protection against future pandemics, which should be borne jointly by the insurance industry and the state. The aim should be “to provide protection, especially for small and medium-sized companies for possible future pandemics, with foresight, more predictable and faster right from the start,” said Klaus-Peter Rhler, member of the board of the market leader Allianz in Munich.
Analysis: China’s car market is best able to cope with Corona
DUISBURG / HANNOVER – China rushes ahead, Germany lags behind: According to an analysis, the automobile market in the People’s Republic is likely to develop best after the Corona crisis. Due to the expected growth and the successful containment of the pandemic to date, industry observer Ferdinand Dudenhffer expects the situation for German manufacturers to stabilize, especially in the most important sales market in the Far East. At home, however, according to the prognosis, the pressure could increase additionally.
ROUNDUP 2: State entry at Thyssenkrupp ‘off the table’ – union outraged
ESSEN – At Thyssenkrupp, a serious conflict is emerging between management and employee representatives over state participation in the steel division of the ailing group. IG Metall reacted indignantly to the rejection of the group’s board of directors from the state. He thinks the no is “irresponsible”, said IG Metall board member Jrgen Kerner. “We will continue to pursue a state entry with high pressure.” Kerner is Deputy Chairman of the Supervisory Board of Thyssenkrupp AG.
Kreise: Some European banks should be allowed to pay dividends
FRANKFURT – The European regulatory authorities may want to allow some banks to distribute dividends again, according to circles. Regulators were considering whether to cap dividend payments for the strongest banks in the first nine months of around 20 percent of profits, Bloomberg news agency learned on Friday from people familiar with the matter. The aim is to keep capital in the financial system.
Varta major shareholder announces first dividend since going public
ELLWANGEN – The shareholders of the battery company Varta are to participate in the strong business performance for the first time through a dividend, according to the will of major shareholder and supervisory board chairman Michael Tojner. “So far we have reinvested all profits one hundred percent in the company,” Tojner told the “Frankfurter Allgemeine Sonntagszeitung” (“FAS”). “Now is the time for shareholders to participate. There should be a significant dividend next year.” He will work for this with the support of the board of directors. The Austrian entrepreneur holds almost 57 percent of the shares in Varta through the investment company Montana Tech. Varta went public again in 2017.
Banking supervision EBA warns of increasing risks in bank balance sheets
FRANKFURT / PARIS – The European Banking Authority (EBA) warns of increasing risks in bank balance sheets as a result of the Corona crisis. In the second quarter of 2020, the volume of non-performing loans (NPL) rose slightly for the first time after years of declines, the authority announced on Friday based on an investigation of 135 banks. However, the amount of deferred loans has grown noticeably, and the banks classified significantly more loans as potentially critical.
ROUNDUP / Corona failure: Volkswagen throttles production at the Wolfsburg plant
WOLFSBURG – Volkswagen (Volkswagen (VW) vz) has to throttle production at the Wolfsburg plant due to corona. “The measure takes effect from the night shift from Monday to Tuesday,” said a company spokesman on Friday. Suppliers in the Braunschweig plant are also affected. The car manufacturer cites a short-term production downtime at a German supplier due to corona infections in the workforce as the reason.
-Krcher pays Corona premium to employees worldwide
-New offers and new prices for rail customers
-Circles: US broker State Street puts asset management in the shop window
-Consumers hardly hoard any medicines in the Corona autumn
-Oracle moves headquarters to Texas too
-Schuble: Debate about public and legal issues is allowed
-The real estate industry fears the cities will lose face
-Marburger Bund appeals to employers: enable home office
-Ikea, Media Markt and Saturn: pick-up service has to stay
-Bahn: timetable change goes according to plan
ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.