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The Latest Breaking News from European Commission

EMA's Advisory Committee Recommends Eiger's Zokinvy In Premature Aging Disorder

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) issued a positive opinion recommending Eiger BioPharmaceuticals Inc's (NASDAQ:EIGR) Zokinvy for Hutchinson-Gilford progeria syndrome (HGPS) and processing-deficient progeroid laminopathies (PL). HGPS and PL are ultra-rare and fatal pediatric diseases that cause dramatically accelerated aging and premature death. The CHMP…

Benzinga

CHMP Supports Approval Of Merck's Keytruda As Adjuvant In Post Surgery Melanoma Setting

European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending Merck & Co Inc (NYSE:MRK) Keytruda in melanoma setting. The opinion covers Keytruda as a monotherapy adjuvant treatment for adults and adolescents aged 12 years and older with stage IIB or IIC melanoma and who have…

Benzinga

Europe's CHMP Backs Approval Of PTC Therapeutics' Gene Therapy In Rare Neurometabolic Disorder

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency has recommended the approval of PTC Therapeutics Inc's (NASDAQ:PTCT) Upstaza (eladocagene exuparvovec, PTC-AADC). Once ratified by the European Commission, Upstaza will be the first approved disease-modifying treatment for aromatic L-amino acid decarboxylase (AADC) deficiency for patients 18 months and older…

Benzinga

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Why Eli Lilly Shares Are Rising Today

Eli Lilly And Co (NYSE: LLY) shares are trading higher by 3.58% at $296.48 after the company announced the CHMP has issued a positive opinion for OLUMIANT for the treatment of adults with severe alopecia areata.

Benzinga

Spain supports Ukraine's EU entry, foreign minister says

Spain supports Ukraine's ambition to join the European Union and the idea of a new European political entity that could, for the time-being, accommodate Ukraine as a fellow-minded democracy, Foreign Minister Jose Manuel Albares told Reuters on Friday.

Reuters

Finland says Russia suspending natural gas supplies

Finland's state-owned energy company says Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin’s demand to pay in rubles

The Independent UK

‘Seized by an over-abundance of caution’: How did easyJet and Ryanair get the rules wrong on passports?

The Man Who Pays His Way: ‘An extraordinary act of financial and reputational self-harm by two of the world’s best airlines’

The Independent UK

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Forrest flays fossil fuel 'greenwashing'

Billionaire Andrew Forrest says any hydrogen made from fossil fuels is part of the problem, and welcomes Europe's moves to boost renewable energy usage.

AAP

EU exploring using oligarchs' frozen assets to rebuild Ukraine -von der Leyen

The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war, European Commission President Ursula von der Leyen said on Thursday.

Reuters

Is the EU's €300 billion plan to get rid of Russian gas good against global warming?

The European Union has outlined its REPowerEU energy plan which will invest 300 billion euros in energy infrastructure by 2030 to end its reliance on Russian oil and gas.

Radio France Internationale

EU sues five countries over failure to implement standards for audiovisual media

The European Commission on Thursday said it had referred Czech Republic, Ireland, Romania, Slovakia and Spain to the EU Court of Justice over their failure to implement the revised directive for audiovisual media services.

Reuters

G7 finance meeting set to be dominated by reconstruction of Ukraine

G7 finance ministers are meeting in Germany on how to help Ukraine pay its bills, with reconstruction after the war, surging global inflation, climate change, supply chains and the impending food crisis high on the agenda.

Radio France Internationale

EU plans 9 billion euros joint borrowing for Ukraine, more for reconstruction

The European Commission proposed on Wednesday an extra 9 billion euros ($9.5 billion) in EU loans to Ukraine in 2022 to keep the country running and to set up a 'RebuildUkraine' Facility of grants and loans, modelled on the EU's own recovery fund.

Reuters

Reports: 4 European nations to build North Sea wind farms

Danish media say four European Union countries plan to build North Sea wind farms capable of producing at least 150 gigawatts of energy by 2050

The Independent UK

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The Guardian - UK

EU plans ‘massive’ increase in green energy to help end reliance on Russia

European Commission says extra €210bn needed over next five years to pay for phasing out of Russian fossil fuels

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

The Independent UK

EU rushes out $300 billion roadmap to ditch Russian energy

The European Union’s executive arm is moving to jump-start plans for the EU to abandon Russian energy amid the Kremlin’s war in Ukraine

Reuters

EU offers 9 billion euro loan to Ukraine, prepares reconstruction -Commission

The European Commission proposed on Wednesday a 9 billion euro ($9.5 billion) loan to Ukraine to keep the country going as it struggles to fend off the Russian invasion and wants to set up a reconstruction facility for after the war.

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Benzinga

Microsoft Makes Amends Post European Commission's Antitrust Complaints

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices. The commission…

The Guardian - AU

Morning mail: Labor lead narrows, Ukraine surrenders Azovstal, Liane Moriarty’s writing trick

Wednesday: Guardian Essential poll has the Coalition closing the gap with Labor. Plus: outrage at Canva’s Russian operations

The National (Scotland)

Welsh FM and EU chiefs urge Boris Johnson to back down from Brexit deal threat

THE European Commission (EC) has urged the UK to “engage” over the Northern Ireland Protocol as the Welsh first minister hit out…

Benzinga

EU Says Final Decision Yet To Be Taken On Terminating Valneva COVID-19 Vaccine Deal

The European Commission said that no final decision had been made about the possible termination of a contract with Valneva SE (NASDAQ: VALN) to supply its COVID-19 vaccine to the European Union.

Benzinga

Why Valneva's Shares Are Plunging Today Premarket

Valneva SE (NASDAQ:VALN) warned it might have to reconsider its FY22 financial guidance after the European Commission informed the company of its intent to terminate an advance purchase agreement (APA) for its VLA2001 COVID-19 candidate vaccine. In November, the company signed the APA with the European Commission to supply up to 60 million doses of…

The Guardian - UK

EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

Reuters

EU, U.S. raise cooperation to counter Ukraine war disruption

The European Union and the United States agreed on Monday to cooperate more closely to counter disrupted supply of industrial commodities and food caused by Russia's invasion of Ukraine and to combat disinformation from Moscow.

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