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May 16th - Despite geopolitical tensions and a flood of synthetic diamonds, Zimbabwes main state-owned diamond miner plans to produce 5 million carats of diamonds this year, up from 3.8 million carats in 2025. Douglas Zambangor, CEO of United Diamonds Zimbabwe, told lawmakers in the eastern town of Mutare that the countrys diamond industry has experienced a more severe downturn than the international market due to a series of local problems. While international rough diamond prices have fallen by 26% to 35%, Zimbabwean diamonds have plummeted from a peak of $79 per carat to $22 per carat due to product mix issues, geopolitical tensions, synthetic diamonds, market collusion, and an unfavorable sales framework. The international diamond market remains sluggish, especially for unique rough diamonds, with prices projected to range between $22 and $34 per carat by 2026. In contrast, other producers are averaging $100 per carat for high-quality rough diamonds.May 16th - According to sources, FIFA Secretary General Matthias Grafström will meet with officials from the Iranian Football Federation in Istanbul, Turkey, on the 16th. FIFA will "assure" Iran that it will be able to participate in the 2026 FIFA World Cup. US Secretary of State Rubio previously stated that Iranian footballers will be welcomed at this World Cup, but also warned that the US may still ban Iranian team members with ties to the Islamic Revolutionary Guard Corps from entering the country.May 16 - According to sources cited by Irans state news agency, Pakistani Interior Minister Naqvi arrived in Tehran a few hours ago to meet with Iranian officials.May 16th - On May 16th local time, in the first round of the WorldSSP class of the 2026 World Superbike Championship (WSBK) Czech Republic, Valentin Debis, the No. 53 French rider from Chinese motorcycle manufacturer "Zhang Xue Motorcycle", won the championship.On May 16, the head of the Iranian Parliaments National Security Committee stated that Iran has prepared a mechanism to manage traffic in the Strait of Hormuz along designated routes, with details to be released soon. Only commercial vessels and parties cooperating with Iran will benefit from this process. Necessary fees will be charged to cover the professional services provided under this mechanism. The passage will remain closed to operators of the "Freedom Project."

Pfizer seeks U.S. approval for a reformulated Omicron vaccination booster

Aria Thomas

Aug 23, 2022 10:55

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Pfizer Inc (NYSE:PFE) and its German partner BioNTech stated on Monday that they had submitted an application for U.S. approval of a COVID-19 vaccine booster modified to target the Omicron form and that doses would be available for distribution immediately following regulatory clearance.


The request to the Food and Drug Administration was for a bivalent vaccine containing both the widespread BA.4/BA.5 variants and the original coronavirus strain. It is intended for persons older than 12 years.


Pfizer indicated that it was set to fulfill a $3.2 billion contract with the United States government for 105 million doses, including Omicron-tailored injections, in September.


Albert Bourla, the chief executive officer of Pfizer, said in a statement, "We are prepared to immediately begin distribution of the bivalent Omicron BA.4/BA.5 boosters if approved."


Countries, including the United Kingdom, the United States, and members of the European Union, have prepared fall vaccination campaigns to protect against future outbreaks. The United Kingdom was the first nation to approve a bivalent immunization developed by Moderna last week (NASDAQ:MRNA).


Bourla announced on Twitter that Pfizer plans to finalize its submission to the European Medicines Agency in the next few days (NYSE:TWTR).


Similar to how annual changes to influenza vaccinations are handled, the FDA requested in June that COVID-19 vaccine producers modify injections to target the two sub variants and noted that it would not require new human testing studies for approval.


According to mid- to late-stage studies, Pfizer's older BA.1-tailored vaccine demonstrated a superior immune response against the subvariant.


This month, it is anticipated that a study of the BA.4/BA.5 vaccine in adults aged 12 and older would commence.