Avacta Appoints COVID-19 Rapid Antigen Test Manufacturing Partner

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Avacta appoints BBI Solutions as manufacturing partner for the rapid SARS-CoV-2 antigen test being developed with Cytiva

Avacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and reagents, is pleased to announce that it has appointed BBI Solutions, part of BBI Group (“BBI”), to manufacture the saliva-based rapid SARS-CoV-2 antigen test that is being developed with Cytiva.

BBI Solutions is a leading global developer and manufacturer of raw materials and finished test products for the in-vitro diagnostics market, with manufacturing sites in five different countries, spanning four continents.

The manufacturing agreement between Avacta and BBI comprises the accelerated development and validation of a scaled-up manufacturing process that has the potential to ramp up to a production capacity of millions of tests per month. Avacta, Cytiva and BBI are in the process of the technology transfer of the prototype and related manufacturing procedures for the saliva-based rapid SARS-CoV-2 antigen

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World Insurance Associates Acquires Airways International Insurance Services

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World Insurance Associates LLC (WIA) acquired Airways International Insurance Services LLC (AIIS) of Mickelton, N.J., on May 1, 2020. Terms of the transaction were not disclosed.

Alex Morris founded Airways International Insurance Services in 2006 after more than 30 years of experience in the aerospace Industry. AIIS offers a range of products and services for the aviation and marine industries, in addition to sound professional advice and contract reviews. Alex and the AIIS team are licensed pilots with more than 65 combined years of industry and professional underwriting experience.

WIA is headquartered in Tinton Falls, N.J., and is a full-service insurance brokerage providing asset and lifestyle protection with risk management, insurance and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 64 acquisitions and serves its customers from 46 offices in 12 states.

Giordano, Haleran & Ciesla provided legal counsel to WIA, and legal

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Millennials Slammed by Second Financial Crisis Fall Even Further Behind

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By Janet Adamy 

The economic hit of the coronavirus pandemic is emerging as particularly bad for millennials, born between 1981 and 1996, who as a group hadn’t recovered from the experience of entering the workforce during the previous financial crisis.

For this cohort, already indebted and a step behind on the career ladder, this second pummeling could keep them from accruing the wealth of older generations.

Jaclyn Jimenez put herself through college working for her father’s manufacturing company, but couldn’t find anything comparable when she graduated amid the economic slump of 2008. Even though she lowered her sights, she was turned down for roles from office assistant to drugstore worker. As credit-card debt piled up, she took a job selling wedding gowns at a bridal salon, then leveraged that experience to land a sales position at Nordstrom. She was finally gaining traction, she says, having worked her way up to

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Cuba to Scrap ‘Too Restrictive’ Private-Sector Activities List as Economic Pressures Grow | Investing News

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HAVANA (Reuters) – Cuba’s Communist government said late on Thursday it would scrap a list that sets out a tight definition of business activities permitted in the island nation’s fledgling private sector, a move seen boosting self-employment, small firms and start-ups.

The move follows a string of measures loosening restrictions on the private sector over the past month as the government turns to limited reforms to tackle an economic crisis in the wake of key ally Venezuela’s implosion, increased U.S. sanctions and the coronavirus pandemic.

Labor Minister Marta Elena Feito said during a televised roundtable that the pandemic had proven the list was too restrictive, citing unauthorized production of personal protective equipment by private sector workers.

Cuban economists and private sector backers welcomed the move, but said much would depend on implementation. Cubans must still apply for a license to work in the private sector, giving authorities a high degree

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