COVID-19 Related News

COVID-19 Related News

Chapter News, COVID-19 News

New Consumer Agenda: European Commission to empower consumers to become the driver of transition

Today, the European Commission launched the New Consumer Agenda to empower European consumers to play an active role in the green and digital transitions. The Agenda also addresses how to increase consumer protection and resilience during and after the COVID-19 pandemic, which brought significant challenges affecting the daily lives of consumers. More concretely, the Agenda puts forward priorities and key action points to be taken in the next 5 years together with Member States at European and national levels. This will,...
COVID-19 News, Member News

Portolano Cavallo | Foreign investment control in the life science sector: the scope of the Italian Government’s powers also in the context of the current COVID-19 pandemic

This article is part of Portolano’s bimonthly “INFORM@ Life Sciences” Newsletter. Click here to subscribe. | Some recent cases in the news, as well as steps taken to increase the regulatory powers of the government in the current emergency situation via the Decreto Liquidità, have prompted us to draft this overview of measures that provide the government with special powers that it may exercise to prohibit or impose conditions upon extraordinary corporate transactions of foreign parties involving Italian target companies...
Chapter News, COVID-19 News

Coronavirus: EU Commission approves contract with BioNTech-Pfizer alliance to ensure access to a potential vaccine

Today, the European Commission approved a fourth contract with pharmaceutical companies BioNTech and Pfizer, which provides for the initial purchase of 200 million doses on behalf of all EU Member States, plus an option to request up to a further 100 million doses, to be supplied once a vaccine has proven to be safe and effective against COVID-19. Member States can decide to donate the vaccine to lower and middle-income countries or to re-direct it to other European countries. Today's...
Chapter News, COVID-19 News

President von der Leyen on the authorisation of the contract for vaccines with Pfizer and BioNTech

Statement by President von der Leyen on 10 November, 2020 | "A safe and effective vaccine is our best chance to beat coronavirus and return to our normal lives. In the past months, the European Commission has been working tirelessly to secure doses of potential vaccines. And tomorrow we authorise a contract for up to 300 million doses of the vaccine developed by German company BioNTech and Pfizer. This is the most promising vaccine so far. Once this vaccine becomes available, our plan...
Chapter News, COVID-19 News

OECD | COVID-19 and the climate crisis: Combining green budgeting and tax policy tools for a better recovery

It has been said that the best preparation for tomorrow is doing your best for today. When the President of the French Republic confirmed France’s participation in the Paris Collaborative on Green Budgeting in December 2017, he could hardly have known that, less than three years later, green budgeting would become a central tool for developing France’s “green recovery” from a global pandemic. At the meeting of the Paris Collaborative on Green Budgeting earlier this month, French Treasury officials showcased to...
COVID-19 News, Member News

CLA | SBA Begins Effort to Assess Economic Necessity for PPP Loans Over $2 Million

Key insights SBA Forms 3509 (for-profit) and 3510 (nonprofit) shed light on how the SBA is likely to assess economic necessity for borrowers with PPP loans of $2 million or more. The loan necessity forms do not introduce any new eligibility standards, but provide previously unknown details on factors to be addressed in the economic necessity assessment. If you are a borrower with a PPP loan of $2 million or more, now is the time to begin to assemble...
Chapter News, COVID-19 News

Coronavirus: Von der Leyen presents new preparedness and response measures

President of the European Commission Ursula von der Leyen warned today, 28 October 2020, that situation with COVID-19 was very serious in nearly all EU countries, and called for responsibility to be taken at all levels to slow down the spread of the virus. “Our goal is clear: We need to contain the virus until we have treatments, vaccination and other means to protect everyone's health,” she said. Speaking to the media following the weekly meeting of the College of Commissioners,...
COVID-19 News, Member News

Brussels airport largest European pharmaceutical hub

While pharmaceutical companies are working feverishly on the development of COVID-19 vaccines, Brussels Airport is preparing, as Europe's No. 1 pharmaceutical hub, for the fast and safe transport of billions of doses all over the world. Air transport of medical equipment requires speed and a constant temperature. Of all European airports, Brussels Airport has the most adequate equipment for large-scale distribution: self-developed mobile cool boxes on batteries and solar panels, high-tech containers and no less than 30,000m² of temperature-controlled storage...