Moderna Raises COVID-19 Vaccine Manufacturing Target

Moody’s Acquires Catylist; Terms Not Disclosed – Quick Facts

Moody’s Corp. (MCO) announced Monday that it has acquired Catylist, Inc., a provider of commercial real estate (CRE) solutions for brokers. The terms of the transaction were not disclosed.

The acquisition advances Moody’s Analytics (MA) CRE platform, substantially enhancing its coverage of property-level data and expanding its range of analytical solutions to the broker market.

The acquisition of Catylist complements Moody’s analytical capabilities and augments its growing suite of CRE tools that integrate rich and relevant data with powerful analytics.

Combined with Moody’s existing CRE capabilities, Catylist’s powerful proprietary tools, research, and market information enable customers to analyze inventory, pricing, and vacancy trends.

The acquisition builds on Moody’s 2018 purchase of Reis, Inc., a leading CRE data and analytics provider. The acquisition was funded with cash on hand and is not expected to have a material effect on Moody’s 2020 financial results.

Genworth Financial Decides To Focus Efforts On Executing Contingency Plan

Genworth Financial, Inc. (GNW) and China Oceanwide Holdings Group Co., Ltd. issued an update on the pending transaction. The companies have not extended the current December 31, 2020 end date under the merger agreement. Oceanwide will continue to work towards closing the deal, and Genworth said it remains open to completing the transaction if Oceanwide completes the remaining steps.

Genworth Financial noted that it is focusing on executing its contingency plan, including a potential partial IPO of the company’s U.S. Mortgage Insurance business, designed to meet its near-term liabilities of approximately $1.0 billion of debt due in 2021.

James Riepe, non-executive chairman of the Genworth Board, said: “When we considered our most recent extensions of the merger agreement, Genworth’s Board believed we were on a path to a near-term closing based on the information we were provided. Given the most recent update, we do not believe a closing can occur in the near term. Thus, the management team will fully focus its efforts on executing our contingency plan.”

New York City bomb scare: Car with ‘battery hooked up to propane tanks’ sparks evacuation

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A suspicious car, thought to be a Tesla, has sparked a major police response near Queens Place Mall.

A bomb squad has been deployed to the scene and roads closed off.

Witnesses reported seeing wiring between the car and gas tanks.

This is a developing story, more to follow…

Slack is down on the first workday of 2021

  • Slack is down for many users, with issues loading channels and sending messages on the workplace chat platform.
  • A company spokesperson told Business Insider that Slack is aware of the issues and is working to resolve them.
  • Visit Business Insider's homepage for more stories.

Slack appears to be down for many users Monday morning.

DownDetector is currently showing over 15,000 reports detailing issues.

Slack tweeted on Monday morning that customers may have trouble loading channels and connecting to the messaging platform.

In a statement to Business Insider, a Slack spokesperson said, "Our teams are aware and are investigating the issue. We know how important it is for people to stay connected and we are working hard to get everyone running as normal. For the latest updates please keep an eye on @slackstatus and"


This story is developing…

Trump Designates Elad Roisman As Acting SEC Chairman

The U.S. Securities and Exchange Commission said Monday that President Donald Trump has designated Elad Roisman as acting Chairman of the agency.

Roisman was sworn in as a Commissioner of the SEC on September 11, 2018. Before joining to the Commission, he served as Chief Counsel on the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Last week, Jay Clayton resigned as chairman of the Securities and Exchange Commission.

Clayton previously had said that he would step down by the end of the year. He began his tenure in May 2017.

Reports said last week that Trump would likely appoint either Hester Peirce or Elad Roisman, SEC’s Republican commissioners, as acting chairman. President-elect Joe Biden would pick a permanent successor to Clayton.

Moderna Raises COVID-19 Vaccine Manufacturing Target

Moderna Inc. (MRNA) said it raised its lower end of global manufacturing plan for 2021 to 600 million doses of its COVID-19 vaccine from the prior estimation of 500 million doses. It is continuing to invest and add staff to build up to potentially 1 billion doses for 2021.

The company, which received the emergency use authorization from the U.S. Food and Drug Administration for its vaccine on December 18, said it expects about 100 million doses to be available in the United States by the end of the first quarter of 2021, with 200 million doses total available by the end of the second quarter.

The company reported that about 18 million doses have been supplied to the U.S. Government to date.

Additional vaccine doses have also been supplied to the Canadian government following authorization by Health Canada’s Interim Order on December 23.

Moderna said it has partnered with Lonza Ltd. for production inside and outside the United States. Fill-finish services are provided by Catalent Inc. in the U.S., and by ROVI and Recipharm outside the U.S.

The U.S. Government has agreed to purchase 200 million doses of the Moderna COVID-19 Vaccine with options for potential purchase of 300 million additional doses. The Canadian Government has agreed to purchase 40 million doses.