DAILY DOSE: January 7, 2021
Posted on 01/07/2021
1. German biotech firm CureVac is partaking in an alliance with Bayer AG in a bid to help it get regulatory approval for its experimental COVID-19 vaccine and distribution.
2. In a series of civil cases against the Bank of China, a court ruling in Nanjing ordered the bank to return 20% of the client’s initial investments and be liable for all other losses related to the investment product known as Yuan You Bao. This has to do with speculative oil futures product sold to Chinese investors.
3. “Heart of Gold” musician Neil Young made a deal to sell 50% of his song catalog to Hipgnosis Songs. The deal could value the catalog at around US$ 90 million to US$ 105 million. Hipgnosis was founded by Merck Mercuriadis in 2018. Neil Young’s catalog includes some 1,180 songs, according to a statement announcing the deal.
4. Due to U.S. President Trump being temporarily banned from Twitter and Facebook, his social media lead Dan Scavino tweeted this out at 12:49 AM · Jan 7, 2021 from Washington, DC.
Statement by President Donald J. Trump on the Electoral Certification:
“Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th. I have always said we would continue our…
..fight to ensure that only legal votes were counted. While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!”
5. Vivint Smart Home Inc., based in Provo, Utah, has agreed to pay the United States US$ 3.2 million to resolve allegations under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) that Vivint employees made false statements to secure financing for customers’ purchases of Vivint’s home monitoring products, the Justice Department announced.