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The US on Tuesday announced it was providing $1.6 billion in funding for the development and manufacture of a Covid-19 vaccine candidate produced by biotech firm Novavax, the largest amount awarded under Operation Warp Speed. The US also said it was providing $450 million to Regeneron for its experimental Covid-19 treatment and prophylaxis, a combination … Continue reading US awards $1.6 billion to Novavax for Covid-19 vaccine

A recent study has shown that East Asians (Chinese, Japanese, Koreans) are less likely than South Asians (Indians, Pakistanis, Bangladeshis) and whites to attain leadership roles in American organisations. The research focused on three key aspects — prejudice, motivation and assertiveness.

United States’ immigration authority has announced that foreign students pursuing degrees in America will have to leave the country or risk deportation if their universities switch to online-only classes in this fall semester. The agency suggested that students currently enrolled in the US consider other measures, like transferring to schools with in-person instruction.

Indian drug firms like Lupin, Marksans Pharma, Aurobindo Pharma and Alembic Pharmaceuticals are recalling products in the US market, as per the latest enforcement report by the US Food and Drug Administration. While Lupin and Marksans Pharma are recalling diabetes drug, Aurobindo and Alembic are recalling psychiatric medication in the US market.

Novartis AG agreed to pay more than $729 million to settle U.S. government charges it paid illegal kickbacks to doctors and patients to boost drug sales, the US Department of Justice said on Wednesday. The Swiss drugmaker will pay $678 million to resolve claims it organized tens of thousands of sham educational events where it … Continue reading Novartis pays $729 million to settle US kickback charges

India is in advances stages of talks with US, Canada, European and Gulf countries to create individual travel bubbles with them and international flights may soon resume on some routes. Airports Authority of India (AAI) chairman Arvind Singh on Thursday said airlines airlines of each country will be able to operate in that bilateral arrangement … Continue reading ‘India in talks with US, others for travel bubbles’

The Federal Communications Commission on Tuesday formally designated Chinese’s Huawei Technologies Co and ZTE Corp as posing threats to US national security, a declaration that bars US firms from tapping an $8.3 billion government fund to purchase equipment from the companies.

US president Donald Trump’s decision to suspend H-1B visas will hurt many of the biggest American companies. Google, Amazon, Apple, Facebook and IBM were among the top ten recipients of fresh H-1B visas in the 2019 fiscal, according to data from US Citizenship & Immigration Services.

Trump’s visa order temporarily suspends the entry of people arriving on a range of work visas including the H-1B for skilled workers. There are some exemptions to the ban, including those working in the food supply industry and some medical workers. But while the proclamation exempts spouses and children of US citizens, it is silent … Continue reading Indian families hit by US visa order seek answers

Top American lawmakers have urged President Donald Trump to revoke the temporary suspension of H-1B and other non-immigrant visas. The Trump administration on Monday extended the freeze on issuance of “green cards” for new immigrants and suspended range of work visas for foreigners, including all H-1B and H-4 (for H-1B spouses) till the end of … Continue reading US lawmakers urge Trump to revoke H-1B visa ban

Pressure is mounting on India to allow schedule passenger flights by foreign airlines. America on Monday ordered Air India will have to seek prior approval for operating flights to and from the US from July 22 as India “has impaired operating rights of US carriers and has engaged in discriminatory practices with respect to US … Continue reading India mulls ‘travel bubbles’ with US, UK, others

IT industry body Nasscom on Friday sought exemption for technology workers from restrictions that may be imposed in the US, saying such staff is playing an essential role in keeping critical infrastructure operating in America. The statement comes amid reports that the US is considering suspension of a number of employment visas including the H-1B.

WeWork India, the local affiliate of co-working company WeWork Global, said it will get $100 million in funding from its US parent, which will help it navigate the crisis co-working companies have faced due to Covid-19 that has dried up revenue.

The US has launched an investigation against several countries, including India, on the levy of digital service tax, in what is seen as the latest trade offensive by the Trump administration to help Google, Facebook and e-commerce players such as Amazon and Netflix avoid levies. The investigation comes barely two months after India imposed a … Continue reading US launches probe into tax on Amazon, Netflix

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, underscoring the growing attraction of India’s digital economy for US tech giants. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti.

A US pharmaceutical giant has applied to India’s drug regulator seeking marketing authorisation for its anti-viral drug remdesivir, which is being touted as a potential treatment for COVID-19. Gilead Sciences, who is the patent holder of the drug, has the complete data about the pre-clinical and clinical studies for remdesivir.

American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component sourcing — over the next two years. Boeing’s current sourcing from India is about $1 billion annually from 200 suppliers, and it sees “the next billion” as the logical step.

Jio Platforms has raised Rs 11,367 crore or $1.5 billion from US private equity firm KKR as the latest infusion will take the total capital raised by Mukesh Ambani’s telecom and digital services venture to about Rs 78,562 crore or $10.3 billion. The deal will give KKR, which has invested through its Asia and technology … Continue reading ‘KKR to invest Rs 11,367 crore into Jio Platforms’

Apple and Google on Wednesday released long-awaited smartphone technology to automatically notify people if they might have been exposed to the coronavirus. The companies said 22 countries and several US states are already planning to build voluntary phone apps using their software to fight the Covid-19.

The Senate overwhelmingly approved legislation on Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd and Baidu Inc being barred from listing on US stock exchanges amid increasingly tense relations between the world’s two largest economies.

A nationwide class action lawsuit was recently filed before a US federal court, challenging the arbitrary denial of H-1B applications filed for market research analysts. Two US companies — MadKudu and Quick Fitting — filed this lawsuit on behalf of themselves and all US employers who are similarly placed.

Employees on H-1B visas in the US who have lost their jobs will have to pay steep sums for medical insurance for themselves and their families if they opt to continue with the employer-sponsored health cover. But experts also advice that it’s often best to continue with these employer schemes.

A top economic advisor to US Prez Trump on Friday favoured giving tax incentives to American companies to move their economic base from China to America, amidst a new rift in the bilateral relationship over Beijing’s handling of the coronavirus crisis. The US has expressed disappointment over China’s handling of the pandemic which has claimed … Continue reading ‘Give tax benefits to cos to move to US from China’

Several Indians in the US, either on H-1B work visa or green card having children who are American citizens by birth, are being prevented from travelling to India aboard the special repatriation flights being run by Air India. As per regulations visas of foreign nationals and OCI cards were suspended last week as part of … Continue reading Visa bar prevents some Indians in US from returning