Closure

• BioNTech revealed plans to close manufacturing sites in Germany and Singapore, impacting up to 1,860 jobs, as it shifts from COVID-19 vaccine production to oncology therapies. • The company, which co-developed the mRNA vaccine Comirnaty with Pfizer, will also repurchase up to $1 billion in shares amid a leadership transition. • This restructuring reflects the post-pandemic decline in demand for COVID vaccines, positioning BioNTech to focus on cancer treatments with greater long-term potential.

Experts report more young people with conditions such as bunions after wearing shoes that are too small or narrowParents should care for their children’s feet in the same way as their eyes and teeth, according to footwear specialists who say they are seeing more young people with painful conditions such as bunions.Bunions are bony lumps on the side of the foot. People can be genetically pre-disposed but ill-fitting shoes are seen as an aggravating factor. Continue reading...

• Los Angeles-based SimpleClosure unveiled Asset Hub, a marketplace enabling founders to sell intellectual property, source code, data, and equipment during startup wind-down operations as closures rise across the sector. • The platform addresses investor demand for structured, transparent exit processes that preserve value and minimize operational friction during company shutdowns. • Asset Hub reflects broader industry recognition that failed startups retain valuable IP assets and that organized liquidation marketplaces can recover capital otherwise lost in traditional bankruptcy proceedings.

Parent company of non-profit news website Baltimore Banner announces it acquired paper for undisclosed sumThe Pittsburgh Post-Gazette, which has roots that date back to 1786, was set to close next month, in a major blow to the city and a sign of the distressed state of local news. Not any more.On Tuesday, the Venetoulis Institute for Local Journalism, the parent company of the Baltimore Banner non-profit news website in Maryland, announced it had acquired the Post-Gazette for an undisclosed sum. Continue reading...

Kevin Warsh, seeking to replace Fed chair, Jerome Powell, had to file financial disclosures for Senate approvalKevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures that suggest he holds assets worth well over $100m.The document is required for his nomination to advance through the Senate, beginning with a yet-to-be-scheduled hearing. Continue reading...

Exclusive: closures are part of pledge by Labour to end all use of hotels for asylum seekers by end of this parliamentThe Home Office is to announce the closure of 11 asylum hotels this week as part of its pledge to close all hotels by the end of this parliament.The use of hotels to house asylum seekers has been controversial since it became widespread at the start of the Covid pandemic. Anti-migrant protesters have staged demonstrations outside the hotels, claiming asylum seekers are living a life of luxury in the hotels. Continue reading...

Israel and Hezbollah continue to trade strikes as Trump tells US media he has asked Netanyahu to be more ‘low-key’ in Lebanon. Follow live newsNetanyahu says there is no ceasefire in Lebanon as Israel launches fresh strikesJapan plans to release 20 days’ worth of oil reserves from May, prime minister Sanae Takaichi told a cabinet meeting on Friday, to ensure stable domestic supply as conflict in the region continues disrupts global supply.Japan is dependent on the Middle East for around 95% of its oil. It began releasing reserves on March 16 unilaterally and in coordination with other nations under a plan to make available enough oil to last 50 days. The new release of 20 days worth is additional. Continue reading...

Closure comes weeks after former Australian of the Year and advocate for abuse survivors says she lost speaking engagements because of a ‘smear campaign’ against herFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastChild sexual abuse survivor Grace Tame’s foundation has announced it is closing, citing challenges with long-term funding.The former Australian of the Year set up the foundation in 2021 – the year she carried the national honour for her advocacy for abuse survivors and for law reform. Continue reading...