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...

Parents face child endangerment charge after their kid suffered a minor injury at ZooAmerica in HersheyparkThe parents of a toddler who suffered a minor injury at a Pennsylvania theme park zoo after squeezing through a fence near a wolf enclosure and making contact with one of the animals have been charged with endangering the welfare of children, with police accusing them of paying attention to their cellphones at the time.In a news release, police said that the parents both walked about 25ft to 30ft (7.6 meters to 9.1 meters) away from the child to a seating area with benches and appeared to be paying attention to their cellphones when they noticed what was happening Saturday at ZooAmerica in Hersheypark. Continue reading...

• Following the closure of a rural Texas hospital, a local health center has expanded services to prevent care deserts for patients now traveling miles across county lines. • The initiative addresses immediate gaps in primary and emergency care in underserved areas, maintaining access for vulnerable populations. • Rural hospital closures exacerbate public health challenges, with this response demonstrating community health centers' role in continuity.

• Bank mergers are surging in the US, driving increased branch closures particularly in rural areas as institutions cut costs to compete with online banks. • Ohio leads with six closures announced in 2026, including Cincinnati, Cleveland, and Columbus; Texas follows with four, while South Dakota, Delaware, Illinois, and Florida each report three. • Closures echo a decade-long trend, with 15% of US bank branches shuttered between 2015 and 2024 per Statista data.

• U.S. equity markets closed for Good Friday, but S&P 500 futures fell 0.3%, Dow futures dropped 0.2%, and Nasdaq futures declined 0.4% early Friday after a robust March jobs report showing 178,000 additions and unemployment at 4.3%. • WTI crude surged 11.4% to $111.54 per barrel on Thursday amid fears of prolonged Iran conflict, while Brent crude jumped 7.8% to $109.03, with President Trump vowing continued U.S. attacks without an end timetable. • A BMI report warns extended Middle East conflict threatens infrastructure, disrupts Strait of Hormuz oil flows, and delays postwar recovery, spilling price impacts into later 2026.

New measures will protect Tata and British Steel but allow foreign pre-made parts into the UK, say industry bossesSteel bosses have warned ministers that a “back door” in new trade rules could hit British manufacturers and lead to job cuts and factory closures by allowing a vast array of foreign products to still enter the UK tax-free.The loophole means pre-made steel parts ranging from bridge sections, columns and door frames, all the way to smaller rods and tubes used in buildings, will escape recently announced import tariffs, the Guardian understands. Continue reading...

Scheme for accusers of store’s former owner Mohamed Al Fayed to close before end of retailer’s internal investigationHarrods has been accused of being “neither fair nor just” over its decision to close a compensation scheme for survivors of alleged sexual abuse by the luxury department store’s former owner Mohamed Al Fayed.Kingsley Hayes, partner at KP Law, which is representing nearly 280 survivors, questioned why the scheme was being closed on Tuesday 31 March, before Harrods had completed an internal investigation into what happened and who knew about it. Continue reading...

• A STAT national survey reveals NIH funding interruptions are causing layoffs, lab closures, and driving early-career scientists away from research careers due to federal budget and priority changes. • Harvard researcher Josiemer Mattei had her diabetes prevention trial in Puerto Rico terminated in May 2025 when the administration cut over $2.8 billion in grants across the university, forcing her to scramble to relocate the study to avoid losing patients and data. • The NIH remains committed to fully spending its 2026 budget but lags significantly behind prior years in grant awards and disbursements, with researchers reporting taking 95% pay cuts to avoid staff layoffs.

Taith programme, set up after UK’s post-Brexit withdrawal from Erasmus+, faces uncertain future over fundingA “life-changing” international learning programme set up in Wales after Brexit is at risk of being closed down.Taith, which means “journey” in Welsh/Cymraeg, was established by the Senedd in 2022 after the UK pulled out of the Erasmus+ student exchange programme. Its reach is much wider: many participants get involved through schools, youth groups or adult education centres, and nearly half come from underrepresented backgrounds. Data suggests Taith has already funded approximately twice as many projects in Wales as Erasmus+ did, working with less money. Continue reading...

• Federal grant funding for FQHCs stayed flat from 2019-2023 while health care costs rose over 25%, leading to negative margins of 2.1% by 2024. • An estimated 11.8 million Americans will lose Medicaid coverage due to $344 billion cuts over the next decade, overwhelming FQHCs with uninsured patients. • Recent closures include a New Hampshire rural site in 2025 and six South Carolina locations last year due to shortfalls.

Crude oil benchmarks hover near $100 per barrel, up 70% since early January, with forecasts of $150 highs if the Strait of Hormuz remains disrupted. U.S. fuel prices have risen nearly 35% from January lows, though domestic supplies prevent shortages. Energy producers like Exxon Mobil and Chevron hit record highs, while the Dow Jones fell 6% in a month amid stagflation concerns. Prolonged conflict could reverse Fed rate cuts and pressure consumer sectors further.

Lawmakers in nine states introduced more than fifteen tariff disclosure bills in 2026, requiring businesses to display tariff costs on receipts or vehicle labels amid midterm election pressures. Oregon's HB 4061 would provide grants to small businesses affected by federal tariffs, while both Democrats and Republicans target algorithmic pricing software in states like Illinois (HB 4717), Ohio (SB 328), Tennessee (SB 1807), and Utah (SB 293). These measures aim to address constituent concerns over rising living costs by promoting transparency in pricing practices potentially enabling price collusion. Additional bills in Colorado (HB 1210) and Maryland (HB 148) extend restrictions to workplace algorithms used for wage setting.