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Payments technology company, Circle Internet Financial, increased job postings from 51 in January to 481 in February 2021. The growing circulation of Circle’s USD Coin (USDC), along with wide usage of public blockchains for payments, commerce and financial applications, presents an opportunity for global expansion, finds GlobalData, a leading data and analytics company. Circle is […]
COVID-19 booster shots becoming more likely as variants could reduce effectiveness of vaccines
If new SARS-CoV-2 variants continue to develop, they could affect not only the effectiveness of COVID-19 vaccines, but also the natural immunity that COVID-19 survivors have developed – making annual booster shots required for COVID-19 immunity, says GlobalData, a leading data and analytics company. Johanna Swanson, Product Manager at GlobalData, comments: “Of the several natural variants […]
FDA retaining oversight of genetically modified animals for therapeutics will reassure the public
The Trump administration’s decision to relax oversight of genetically modified (GM) animals for food prioritizes big businesses and the livestock industry, while overriding FDA scientists in decisions around GM animal use, says GlobalData, a leading data and analytics company. As oversight of GM animals for food will move from the FDA to the USDA due […]
MANTA and MANTA-RAy safety readouts boost Jyseleca’s prospects in the US
Following Galapagos’ announcement of pooled interim results from its ongoing MANTA and MANTA-RAy safety studies for Jyseleca (filgotinib); Rose Joachim, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Interim data from MANTA and MANTA-RAy should ease fears that Jyseleca may negatively impact sperm health in men with inflammatory bowel disease […]
Immunotherapy for microsatellite stable colorectal cancer holds promise
During Colorectal Cancer Awareness month, it is important to highlight that precision medicine approaches are gaining traction in this indication. Positive results from any of the ongoing late-stage trials in microsatellite stable (MSS) colorectal cancer patients could see immunotherapy gaining a foothold in this indication, says GlobalData, a leading data and analytics company. Jessica McCormack, […]
COVID-19 has accelerated digital transformation timeline for pharmaceutical industry
Even though the pharmaceutical sector used to display a more conservative stance toward the adoption of new technologies, the COVID-19 pandemic acted as a trigger that forced the pharmaceutical sector to accelerate the digital transformation timeline, says GlobalData, a leading data and analytics company. According to a GlobalData survey, 35% of pharmaceutical industry professionals believe […]
UK auto sector looks to second half of year for real recovery
Following the news that the UK’s new car market was down 35.5% in the month of February, according to data released by the Society of Motor Manufacturers and Traders (SMMT); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “February’s weak car sales result was no great surprise given […]
COVID-19 pandemic continues to significantly impact clinical research
With the COVID-19 pandemic recently passing one year in duration, clinical research continues to be significantly affected. Sponsors have had to modify trial designs to prevent the suspension, termination, or withdrawal of planned and ongoing clinical trials. The adaptation and usage of decentralized trials and virtual technologies have been strongly accelerated in order to mitigate […]
Deal activity in AI space showcased growth during 2016-2020 despite fluctuating Y-o-Y trend, says GlobalData
Venture capital (VC) funding and mergers and acquisitions (M&A) activity in the artificial intelligence (AI) space showcased a fluctuating trend during 2016-2020. However, despite the fluctuation in deal activity, there is a significant growth in 2020’s deal volume and value compared with 2016, according to GlobalData, a leading and data analytics company. VC funding deal […]
BRF partnership with Aleph Farms has potential to disrupt Brazil’s food industry
Following today’s news that BRF has partnered with Aleph Farms to bring cultivated meat to Brazil, Jim Toy, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Following Aleph’s joint venture with Mitsubishi Corporation in Japan, Aleph’s latest partnership with BRF now gives them potential to disrupt the food industry in […]
US promises to vaccinate everybody by June, but vaccine hesitancy might prevent reaching herd immunity soon
Following the news of President Biden’s announcement that the US will have enough COVID-19 vaccine supply for all US-Americans by the end of May; Philipp Rosenbaum, PhD, Senior Healthcare Analyst at GlobalData, a leading data and analytics company, offers his view: “Getting every US-American adult vaccinated by the May will require a big effort from […]
COVID-19 has reduced banking channel’s ability to sell critical illness policies
The COVID-19 pandemic has forced insurers to digitalize and this is particularly complicated in life insurance, which has led to the banking channel, in particular, losing market share, according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK Insurance Consumer Survey indicates that one of the life insurance markets to have seen an […]
Turkish defense spending remains top priority for government in 2021 despite COVID-19 impact
The Turkish Government’s defense expenditure is set to steadily increase between 2019 and 2025 as the government prioritizes its defense industry. Defense expenditure reached a high in the 2020 fiscal year totaling US$14.8bn, which is a 6.5% increase from the previous year. This increased growth is expected to steadily continue as the Turkish budget is […]
Pandemic may allow VR to shake off ‘gimmick’ image in tourism
The impact of COVID-19 may allow VR to permanently shake off its image of being a gimmick in the tourism sector. Hype behind the technology in recent years has often been greater than actual usage, especially for leisure purposes. However the longer this pandemic impacts travel for, the higher the chance that consumers and organizations […]
As others exit, Toyota scents opportunity in Europe’s city car segment, says GlobalData
Following the news that Toyota has confirmed it will produce a third model on its TNGA-B vehicle platform, aimed at Europe’s A-segment (city cars); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The very compact city car niche in Europe had looked all but dead, but Toyota’s move […]
UK Government wields its ‘fiscal firepower’ to encourage consumer spending
Following today’s unveiling of the Budget 2021 where Chancellor Rishi Sunak declared significant help for small businesses and consumers; George Henry, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The government has announced a swathe of measures designed to encourage consumer spending in both online and retail channels. According to […]
Infrastructure bank and green energy pledges will boost UK’s construction industry
Following today’s Budget 2021 announcement by the UK Chancellor outlining the government’s infrastructure spending plans; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view: “The UK’s Budget 2020 plans are expected to provide a significant boost for the construction industry following a difficult year in 2020. The plans include the […]
An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA
With delays and COVID-19 restrictions hampering oil and gas project timelines in 2020, 2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: […]
UAE signing MoU will allow its armed forces to be less dependent on international conglomerates
Following the news that the United Arab Emirates (UAE) Ministry of Defense and Tawazun Economic Council signed a Memorandum of Understanding (MoU) for cooperation on research and development (R&D) activities during the International Defence and Exhibition (IDEX) 2021; Tushar M, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a major development towards […]
Allianz turns to insurtech to offer wary travelers instant claims
Allianz’s partnership with Blink, an insurtech start-up that offers quick and automatic pay-outs and re-bookings through its digital app, will allow the insurer to modernize its travel insurance offering and win consumers over once the heavily-disrupted travel industry is up and running again, says GlobalData, a leading data and analytics company. GlobalData’s 2020 UK Insurance […]