AbCellera draws $300 million in government funding – Business News

Posted on May 30, 2023
Photo: Nelson Bennett. Francois-Philippe Champagne, Canadian minister of Innovation, Science and Industry, was in Vancouver Wednesday announcing $225 million in federal funding for AbCellera.Federal and provincial officials announced $300 million in funding today for the new $700 million biotech campus built by AbCellera (Nasdaq:ABCL )in Mount Pleasant. AbCellera has emerged as one of BC’s most successful biotech companies. The company’s prospects are worried during the COVID-19 pandemic because it makes the therapeutic antibodies used in the development of drugs used to treat COVID-19. Its antibodies have been used to treat more than 2.5 million patients. The company landed a…

Netflix to start charging US customers an extra $8 for sharing accounts outside the house

Posted on May 29, 2023
Netflix on Tuesday outlines how it intends to crack down on the rampant sharing of account passwords in the US, its latest bid to reel in more subscribers to its video streaming service amid a slowdown in growth. In an email to its 70 million US customers on Tuesday, Netflix said it would limit viewing of its programming to people living in the same household. Those who subscribe to Netflix’s standard or premium plans — which cost $15.50 US to $20 US per month — will be able to allow another person living outside their household to use their password…

UK’s Prudential Regulation Authority Publishes Annual Business Plan | Cadwalader, Wickersham & Taft LLP

Posted on May 29, 2023
The UK’s Prudential Regulation Authority (“PRE“) has published its Business Plan for 2023/23 setting out its strategic priorities and anticipating its new, secondary objective to facilitate international competitiveness and economic growth which is currently being considered in Parliament in the Financial Services and Markets Bill (“FSM Bill”). The Business Plan covers four strategic priorities for the coming year: 1. Maintain and build on the safety and soundness of the banking and insurance sector and ensure continuing resilience The focus here is on financial resilience, and the PRA leads with its recent consultation on the UK’s implementation of Basel 3.1 standards…

FDA issues marketing denial for 6,500 flavored e-cigarettes

Posted on May 29, 2023
[1/3] Flavored e-cigarette products are seen on a store shelf in Raleigh, North Carolina, US, June 23, 2022. REUTERS/Arriana MclymoreMay 12 (Reuters) – The US Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette products. The health regulator said these companies cannot market or distribute the products in the US and retailers who sell them risk FDA enforcement action. Any company that wants to legally market a new tobacco product in the United States must receive a written marketing order from the FDA.…

Vault Announces the Launch of the All-in-One Online Financial Platform for Canadian Small Businesses and Entrepreneurs

Posted on May 29, 2023
Article content Business owners now have access to a full suite of financial products and services to manage their businesses across borders, without fees or minimum balances TORONTO — Vault, the all-in-one online financial platform for small-to-medium sized businesses (SMBs), announces its official launch and widespread availability across Canada. Founded in late 2021 by Saud Aziz and Ahmed Shafik, Vault’s mission is to revolutionize the financial experience for Canadian entrepreneurs and SMBs by providing them with a one-stop-shop to manage their money more efficiently and effectively while saving on costly banking fees.Article content Vault’s platform is all online. Business…

Used car markets in ‘uncharted territory’ as high prices remain sticky, Edmunds says

Posted on May 28, 2023
With the spring car-buying season in full swing, those looking for a deal in the used-car market are not likely to find one. According to a new report, “Used Market Enters Uncharted Territory Post-Pandemic,” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago. “After experiencing a meteoric rise in value, used-vehicle prices have slightly inched back toward Earth with the return of…

5 Steps to the Best Travel Management Process Flow

Posted on May 28, 2023
If corporate travel management is part of your daily grind, then you probably receive dozens of emails a week with travel requests, questions about itineraries, issues booking flights, last-minute changes, cancellations, and a whole slew of scheduling complications, especially when it’s comes to group booking. Rather than answering a million emails (and risk dropping the ball or missing out on seats because you couldn’t get to the email fast enough), why not move travel management outside of your email inbox altogether? Why not track it—as in, see what trips need to be booked and finalized, which ones are ongoing, which…

Free Resources: Managing Remote Teams

Posted on May 28, 2023
The global pandemic has completely changed the way we work with and relate to our teams in order to remain productive during these challenging times. Rick and the global IE team got together to present you with a free webinar on best practices for managing remote teams. There were a lot of great takeaways here, and we were so glad to be able to share this with you! Here’s a quick recap of some of the key strategies we discussed:Leadership as a coaching mindset: ask, listen, support Leverage technology to support and deepen relationships Connection, impact, and responsiveness Adaptive…