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A recent Phase I clinical trial performed at the University Medical Center Hamburg-Eppendorf for a Middle East respiratory syndrome (MERS) vaccine has produced positive results that give hope that a vaccine candidate for COVID-19 can be developed using the same technique. This provides evidence that a coronavirus vaccine can be made that is both safe and triggers […]
Clinical trials disrupted by COVID-19 are slowly resuming
The COVID-19 pandemic has been disrupting clinical trials globally, but as countries reopen, these trials are now resuming. As of 28th May, over 130 COVID-19 disrupted clinical trials were resuming, with the US leading the way in the number of trials resumed by site locations at 69% of the resumed trials, says GlobalData, a leading data […]
Prolonged turbulence in the meat industry caused by COVID-19 detrimental to consumer confidence
Following the news (June 3rd) that Brazilian labor prosecutors have filed a petition with a local court demanding the closure of a JBS SA pork plant due to the outbreak of novel Coronavirus, a decision that is still pending according to news reports; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, […]
Neurodiagnostic companies offering one-time use products will experience faster recovery amid pandemic
Following the news that Brain Scientific will be offering a disposable version of its electroencephalogram (EEG) headset, the NeuroCap, in addition to enhanced features; Sheryl Tang, Medical Deices Analyst at GlobalData, offers her view: “Neurodiagnostic procedures have dropped significantly due to the COVID-19 impact for several reasons, including the suspension of elective and non-essential procedures. […]
Slack’s lukewarm growth crushes expectations it would profit from increased working from home, says GlobalData
Following the announcement of Slack’s results for the first quarter of fiscal year 2021; Laura Petrone, Senior Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite the rapid adoption of remote working tools during lockdowns, the much expected surge in demand for the Slack platform, which is designed to increase virtual […]
Financial markets collapsing will hit US’s high-risk portfolios hard
The US’s strong reliance on the riskier investments of equities and mutual funds will lead to a sharp decline in 2020 as the economy falls into recession. Forecasts show that the total market value is to decline by 15.1% in 2020, down from growth of 1.7% predicted before the pandemic, according to GlobalData, a leading […]
easyJet could be impacted if it returns to flying too soon
Following easyJet’s announcement that it hopes to resume 75% of routes in August, having grounded all flights since mid-April; Rheanna Norris, Associate Analyst at GlobalData, a leading data and analytics company, offers her view on this news: “The UK 14-day quarantine period for any international returning travelers will make travelers reluctant to book flights in […]
Global payments industry deals total $2.26bn in April 2020
Total payments industry deals for April 2020 worth $2.26bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 112.2% over the previous month and a drop of 49.8% when compared with the last 12-month average of $4.51bn. In terms of number of deals, the sector saw a drop of 38.5% […]
Lasting effects of COVID-19 will force Airbus to take more production cuts and lay-offs
Following the recent news that Airbus will extend production cuts for two years; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Airbus’ situation: “Airbus is planning to extend production cuts of its main commercial platforms by 40% overall for two years. These cuts will further […]
COVID-19 to temporarily setback blockchain implementation in global pharmaceutical supply chains
Even though blockchain stands out as a potential solution to improve pharmaceutical supply chains, COVID-19 may become a hindrance rather than a trigger in the technology’s future implementation and uptake, says GlobalData, a leading data and analytics company. Urte Jakimaviciute, MSc, Senior Director of Market Research at GlobalData, comments: “A blockchain-based distributed ledger can provide […]
UK will see more car sales as crisis eases, but it is far from over
Following the news that UK new car sales in the month of May fell by 89% on last year as the market was effectively frozen under lockdown rules; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With dealerships shuttered across the country, the stark May sales result came […]
Global deal activity showcased second consecutive week of decline
A total of 969 deals were announced globally during the week ended May 31, 2020, which is a decrease of 5.9% over 1,030 deals announced during the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Global deal activity has remained inconsistent due to volatile market conditions since the COVID-19 […]
France will aid its aerospace industry to preserve its export competitive edge
Following the recent news that the French Government is preparing a €1bn crisis fund for aerospace suppliers; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Among all European countries, it is no surprise to find France as one of the most active in […]
Travel insurers face extended disruption after summer holidays cancellations
Travel insurers will face severe disruption as holiday cancellations will continue well beyond the end of national lockdowns. GlobalData’s 2019 UK Insurance Consumer Survey found that 86.0% of respondents cited that their reason for purchasing travel insurance was for holidays. Although lockdown measures are being eased, travel disruption continues. A large proportion of flights are being […]
Telecoms operators that fail to digitize their business will face a challenging year
Harsh economic times resulting from COVID-19 will make 2020 a challenging year for telecom operators. Post-crisis, consumer and enterprise telecom service appetites and habits will not go back to pre-crisis levels. According to GlobalData, a leading data and analytics company, consumers of all ages have had to become more digitally-literate, which means telecom services companies will […]
Healthcare sector witnessed 10.1% decline in deal activity during week ended May 31
The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) declined by 10.1% during the week ended May 31, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Though the healthcare sector has been relatively resilient compared to other sectors amid […]
Cruise companies should continue to invest in sustainable technology
Over a third (34%) of respondents globally have said they are still interested in news about a brand’s sustainability initiatives, despite the ongoing COVID-19 pandemic, according to GlobalData’s Coronavirus (COVID-19) Consumer Survey. This highlights the importance of cruise companies not taking their focus off of sustainability targets that they have worked so hard towards. Ben […]
Retail sector witnessed 3.2% decline in deal activity during the week ended May 31
The number of deals announced in the global retail sector declined by 3.2% during the week ended May 31, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The retail sector is among the worst hit due to COVID-19. The sector has been witnessing inconsistent deal […]
Five bio/pharmaceutical companies that accepted PPP loans are developing COVID-19 therapies
Paycheck Protection Program (PPP) loans from the US Government were taken out by at least 49 publicly traded bio/pharmaceutical companies from the $659bn loan program, according to GlobalData, a leading data and analytics company. Of these, five are working on COVID-19 therapies. The SBA loans were originally intended to aid small businesses to cover payroll, […]
Another delivery deferral threatens chances of come back for the B737 MAX
Following today’s (Wednesday 3 June) news that SMBC Aviation Capital is deferring 68 B737 MAX deliveries; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The deferral of 68 B737 MAX from leasing company SMBC Aviation Capital is another blow for Boeing, adding to […]