Richard Branson to sell up to $500 million in Virgin Galactic shares to help his other businesses

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Richard Branson to sell up to $500 million in Virgin Galactic shares to help his other businesses

Virgin Group founder Sir Richard Branson is preparing to sell up to $504.5 million of his stake in Virgin Galactic. Branson intends to use the proceeds of the sale for Virgin Group’s “portfolio of global leisure, holiday and travel businesses that have been …
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Genentech lures Regev from Broad Institute to lead research and early development

Roche has named Aviv Regev as the new head of Genentech research and early development (gRED). Regev, who currently works at the Broad Institute, will take over as head of gRED when Michael Varney retires at the end of July. In Regev, Genentech …
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Covid-19 Impact: Auto dealerships stare at shutdowns, job losses

MUMBAI: Bleak demand outlook coupled with shift of sales and promotion activities to online platforms by most auto manufacturers is worrying dealerships, many of which now stare at stressed financials and significant job losses across India. According to …
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World's second-oldest airline, Avianca, driven to bankruptcy by coronavirus

Avianca, Latin America’s second-largest airline, filed for bankruptcy protection after failing to meet a bond payment deadline. Its pleas for coronavirus aid from Colombia’s government have so far been unsuccessful. If the airline fails to come out of bankruptcy, …
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HHS: States to dispense Gilead's remdesivir to hospitals

The Department of Health and Human Services on Saturday said the states with the greatest number of COVID-19 cases have been allotted doses of Gilead Sciences Inc.’s GILD, -0.15% remdesivir based on their case counts. Some clinical groups last week …
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