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Health

J&J names Joaquin Duato as CEO efficient January 3, changing Alex Gorsky

Johnson & Johnson announced on Thursday evening that Joaquin Duato will become the company’s new CEO effective January 3, replacing previous chairman Alex Gorsky.

Duato will also be appointed to the company’s board of directors following his move to the C-suite role. Previously, he was Vice Chairman of the company’s Executive Committee.

“I have had the pleasure to work closely with Alex for many years and I thank him for his outstanding leadership,” said Duato in a statement. “I am pleased that I will continue to benefit from his guidance and his findings in the future.”

Gorsky, who was CEO for nine years and will now serve as Executive Chairman, said in a statement that “the time is right for me personally as I am more focused on my family for family health reasons.”

Joaquin Duato, Executive Vice President and Worldwide Chairman of Pharmaceuticals at Johnson & Johnson on Tuesday, January 31, 2017.

Andrew Harrer | Bloomberg | Getty Images

Johnson & Johnson shares fell nearly 1% during extended trading.

During Gorsky’s time at the helm, J&J faced a wave of lawsuits over its talc-based baby powder and other products and was named in state opioid lawsuits.

Last month, a group of attorneys general reached a $ 26 billion settlement with three of the country’s largest US drug dealers and J&J after claims the companies fueled the deadly opioid epidemic.

According to the settlement proposal, distributors McKesson, Cardinal Health and AmerisourceBergen are expected to pay a total of $ 21 billion, while J&J is expected to pay $ 5 billion over a nine-year period.

J & J’s vaccine was originally touted as a blessing by federal health officials when it was approved by the Food and Drug Administration in late February, as it only requires one dose and can be stored at refrigerator temperatures for months.

Since then, it has suffered from poor perception of its overall effectiveness, concerns about rare side effects, and production delays.

In April, the FDA announced it was adding a warning label to J & J’s Covid vaccine, listing blood clotting as a rare side effect. In July, the FDA announced it was adding another warning to the J&J label, stating that the shot was linked to a serious but rare autoimmune disease called Guillain-Barre Syndrome.

Reuters contributed to this report.

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Entertainment

Ballet Tech Names a New Inventive Director

Ballet Tech, the nonprofit group that brought ballet training to thousands of promising New York school children, has a new leader. The organization announced on Friday that the dancer Dionne D. Figgins will succeed its founder Eliot Feld as artistic director in August.

“We are delighted to have found in Dionne the ideal person to work with the staff, board of directors and the community of Ballet Tech to advance the fundamental ideas,” said Patricia Crown, chairwoman of the board of the Ballet Tech Foundation.

When the pandemic broke out, Figgins was preparing to appear in Miami in the musical “A Wonderful World” about Louis Armstrong. But when performances were canceled, she began teaching dance online at the Jones-Haywood School of Ballet in Washington. It was this experience that convinced her to move from the stage towards the studio and classroom.

“I was really inspired by the determination of my students,” she said. “I was inspired by how much they put into the room and it really made me realize that this is a room that I should be in all the time.”

Figgins began her career at the Dance Theater of Harlem, where she played leading roles in George Balanchine’s “Four Temperaments” and “Agon”, among others. She is also a Broadway actress and has appeared in several productions including “Motown: The Musical” and “Memphis”.

In 2012 she co-founded Broadway Serves with Dana Marie Ingraham and Kimberly Marable, a nonprofit dedicated to creating charitable opportunities for theater professionals.

Field, 78, shared his plans to retire last year, citing his desire to “pass the baton on to a new generation of leaders.” “I wish to wish my good hopes and goodwill to Dionne in completing the work that I have half done,” he said in a statement.

Part of this work is Feld’s goal of recruiting students from all of the city’s public elementary schools. Figgins said in an interview that “part of my mission is to get these other schools involved in what is happening at Ballet Tech so they at least know that this is an option.”

The educational initiative that resulted in Ballet Tech began in the late 1970s as an offshoot of Feld Ballet, the founder’s professional company. Public schoolchildren in grades 3 to 5 were invited to try it out and students who were gifted for dancing were able to continue their education in Feld’s studio near Union Square in Manhattan.

Ballet Tech, which founded its own public school for grades four through eight in 1996, estimates that in more than 40 years it has auditioned around 900,000 students and enrolled more than 20,000 in non-teaching classes.

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Politics

Biden commemorates Pleasure Month, names Pulse Nightclub a nationwide memorial

President Joe Biden commemorated Pride Month at the White House Friday and designated the location of the 2016 Pulse Nightclub shooting a national memorial.

Biden signed a bill honoring the 49 people killed in a mass shooting at a gay nightclub in Orlando, Florida on Nov.

The bill passed the Senate by vote earlier this month and the House of Representatives passed its own version in May.

The president also announced the appointment of Jessica Stern, leader of New York’s human rights group OutRight Action International, as special envoy to the State Department. Stern will help guide U.S. diplomatic efforts to advance the human rights of LGBTQI + people around the world.

Biden signed the bill along with survivors of the shooting and the victim’s family members, as well as members of the Florida Congressional Delegation and the Congressional Equality Caucus.

“The site of the deadliest attack on the LBGTQ + community in American history is now a national memorial,” said Biden.

The President, along with Secretary of Transportation Pete Buttigieg, made remarks who broke barriers by becoming the first openly gay man to serve in the Cabinet. The president was introduced by 16-year-old transgender advocate Ashton Mota. In attendance were LGBTQ + advocates, elected state and local officials, and members of Congress.

“The fact that we are here shows how much change is possible in America,” said Buttigieg on the podium.

Biden is also urged that the Senate pass the Equality Act, a landmark bill on LGBTQ + rights that would create legal protection for LGBTQ + Americans. The bill was passed by the House of Representatives on February 25, but faces an tougher battle in the evenly divided Senate.

He also condemned the recent proliferation of anti-LGBTQ + laws passed in several states. According to the National Center for Transgender Equality, 23 states reviewed more than 50 bills targeting transgender youth during the 2021 legislature.

“More than a dozen of them have already passed … let’s get that straight, this is nothing more than bullying disguised as legislation,” Biden said.

Biden also outlined the steps his government has taken to advocate for equality for LGBTQ + Americans. This includes, among other things, the recognition of Pride Month in a proclamation from 1.

“Representation is important, recognition is important. Another thing that matters is results, ”Biden said at the White House. “I am proud to lead the most professional LGBTQ equality administration in US history.”

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Business

CBS Information Names 2 Outsiders to Succeed Its President

Two years ago, CBS selected the ultimate insider to lead its broadcast news division: Susan Zirinsky, whose tenure on the network spanned decades into the days of Walter Cronkite.

Now the network is turning to two outsiders – one from the world of newspaper and digital publishing – to restore the fate of a news company that has lagged its rivals at ABC and NBC.

CBS said Thursday that Neeraj Khemlani, a vice president of Hearst publishing house, and Wendy McMahon, a former ABC executive, would succeed Ms. Zirinsky. The two will serve as presidents and co-directors of CBS News, a division that is being expanded to include local broadcasters on the network.

In the gossip world of television news, no executive has been rumored to be a candidate for the top CBS role.

Mr. Khemlani worked for CBS News from 1998 to 2006 as a producer on “60 Minutes”. He moved to Yahoo’s news division before taking on a number of executive positions at Hearst in 2009.

Like CBS, Hearst is a giant of the last century’s media empires, and Khemlani’s tenure has included digital partnerships and other efforts to modernize the company. Ms. McMahon is more into the broadcast business. In her last role, she oversaw ABC local broadcasters and newsrooms.

In business today

Updated

April 15, 2021, 6:56 p.m. ET

“These are non-traditional decisions for non-traditional times,” said Andrew Heyward, President of CBS News from 1996 to 2005, in an interview.

Thursday’s announcement surprised many CBS News employees. George Cheeks, the executive director of CBS Entertainment Group who led the double appointment, made it clear in a memo on Thursday that he was aiming for some sort of transition.

“This is an opportunity to create a news and information structure that positions CBS for the future,” he wrote.

The two new executives contrast with Ms. Zirinsky, an experienced producer. As the first woman to run CBS News, she installed a new evening newscaster, Norah O’Donnell. the morning landlady Gayle King signed a new contract; and urged her team to chase shovels. Ratings haven’t shrunk too much during her tenure, but they haven’t grown too much either: CBS still ranks third on the morning and evening news.

Ms. Zirinsky is expected to take on a new production role in the network this year. Mr. Khemlani and Ms. McMahon are starting next month.

“I don’t think CBS News needs any help with journalism,” said Heyward, who is now a professor at Arizona State University’s Walter Cronkite School of Journalism and Mass Communication. “CBS will benefit from new thinking on how to reinvent itself for a new generation of news consumers with new consumer habits.”

Mr. Cheeks, who rose to his role as head of the CBS entertainment group in March 2020, marks the first time a vaunted news operation is being shaped. He is also trying to address a scandal that recently hit the CBS television group. Two top executives, Peter Dunn and David Friend, were put on administrative leave in January after accused of creating a hostile work environment and making derogatory remarks to black and female colleagues. Both were fired last week.

Journalists and producers from CBS News will now be reporting to two leading companies on both coasts. Mr. Khemlani will be based in New York, which is where the news division’s headquarters are located, and Ms. McMahon will be based in Los Angeles, although she is expected to work in both cities, a CBS spokesman said.

Mr. Cheeks believes in sharing top positions between executives and he has firsthand experience with this arrangement. He was named co-president of Universal Cable Productions with Dawn Olmstead in early 2018, and later that year he was named co-chair of NBC Entertainment with Paul Telegdy.

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Business

Carl Icahn names former GE exec Kekedjian to guide Icahn Enterprises: WSJ

Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016.

David A. Grogan | CNBC

Carl Icahn has named former General Electric CEO Aris Kekedjian to head his eponymous investment firm Icahn Enterprises, the billionaire businessman told the Wall Street Journal in an interview published on Sunday.

Kekedjian, GE’s chief investment officer until 2019, will take over as chief executive and chief operating officer of Icahn Enterprises on Monday, Icahn said.

Keith Cozza, the company’s current CEO, and SungHwan Cho, the company’s chief financial officer, are leaving, Icahn said. One reason for the departure is the company’s move from New York to Florida. The newspaper reported that Icahn Enterprises will appoint a new CFO at an unspecified date in the future.

Icahn Enterprises and Kekedjian did not immediately return requests for comments from CNBC.

Icahn Enterprises is a holding company with significant investments in energy, automobiles, real estate, and other sectors.

The company is publicly traded and has a market capitalization of more than $ 13 billion. Icahn, 85, chairman of Icahn Enterprises, is expected to eventually hand over the reins of the company to his son Brett.

Categories
Health

Why Do Virus Variants Have Such Bizarre Names?

20H / 501Y.V2.

VOC 202012/02.

B.1.351.

Those were the charming names that scientists had suggested for a new variant of the coronavirus identified in South Africa. The intertwined sequences of letters, numbers, and dots are of great importance to the scientists who developed them, but how is anyone else going to keep them straight? Even the easiest to remember B.1.351 refers to a completely different lineage of the virus if a single point is overlooked or misplaced.

Virus naming conventions were fine as long as variants remained esoteric research topics. But they are now the source of fear for billions of people. They need names that roll off the tongue without stigmatizing the people or places associated with them.

“What is challenging is to develop names that are unique, informative, without geographical references, and pronounced and memorable,” said Emma Hodcroft, molecular epidemiologist at the University of Bern in Switzerland. “It sounds a bit simple, but it really is a big question to convey all of this information.”

She and other experts said the solution was to develop a single system that anyone could use, but link it to the more technical ones that scientists rely on. The World Health Organization has set up a working group of a few dozen experts to find an easy and scalable way to achieve this.

“This new system will give worrying variants a name that is easy to pronounce and retrieve, and will minimize unnecessary negative effects on nations, economies and people,” the WHO said in a statement. “The proposal for this mechanism is currently undergoing internal and external partner review prior to its completion.”

The WHO’s leading candidate to date is disarmingly simple, according to two members of the working group: numbering the variants in the order in which they were identified – V1, V2, V3, etc.

“There are thousands and thousands of variants and we need a way to label them,” said Trevor Bedford, evolutionary biologist at the Fred Hutchinson Cancer Research Center in Seattle and a member of the research group.

Naming diseases has not always been that complicated. Syphilis, for example, comes from a poem from 1530 in which a shepherd, Syphilus, is cursed by the god Apollo. However, the compound microscope, invented around 1600, opened up a hidden world of microbes that allowed scientists to name them by their shapes, said Richard Barnett, a science historian in the UK.

Nevertheless, racism and imperialism infiltrated disease names. In the 1800s, as cholera spread from the Indian subcontinent to Europe, British newspapers called it “Indian Cholera” and depicted the disease as a figure in a turban and robes.

“Naming can very often reflect and expand a stigma,” said Dr. Barnett.

In 2015, WHO published best practices for disease naming: avoidance of geographic locations or names of people, animal or food species, and terms that create inappropriate fear, such as “fatal” and “epidemic”.

Scientists rely on at least three competing systems of nomenclature – Gisaid, Pango, and Nextstrain – each of which makes sense in its own world.

“You can’t track anything you can’t name,” said Oliver Pybus, an Oxford evolutionary biologist who helped design the Pango system.

Scientists name variants when changes in the genome coincide with new outbreaks, but they only draw attention to them when their behavior changes – for example if they are more easily transmitted (B.1.1.7, the variant first observed in the UK)) or if they at least partially bypass the immune response (B.1.351, the variant proven in South Africa).

Indications of the origin of the variant are coded in the mixed up letters and numbers: For example, the “B.1” indicates that these variants are related to the outbreak in Italy last spring. (As soon as the hierarchy of variants becomes too deep to accommodate another number and point, newer variants are given the next letter available alphabetically.)

Updated

March 2, 2021, 3:28 p.m. ET

However, when scientists announced that a variant called B.1.315 – two digits away from the variant first seen in South Africa – was spreading in the US, the South African Minister of Health was “quite confused between this and B.1.351 “Said Tulio de Oliveira, geneticist at the Nelson Mandela School of Medicine in Durban and a member of the WHO working group.

“We have to develop a system that not only evolutionary biologists can understand,” he said.

Since there are no easy alternatives, people have referred to B.1.351 as “the South African variant”. But Dr. de Oliveira asked his colleagues to avoid the term. (Look no further than the origins of this virus: call it the “China Virus” or the “Wuhan Virus”, which is causing xenophobia and aggression against people of East Asian origin worldwide.)

So serious is the potential harm that some countries have been discouraged from reporting if a new pathogen is discovered within their borders. Geographical names are also quickly becoming obsolete: B.1.351 is now represented in 48 countries, so calling it a South African variant is absurd, added Dr. de Oliveira added.

And practice could distort science. It’s not entirely clear that the variant originated in South Africa: it was identified there in large part thanks to the diligence of South African scientists, but if it is classified as a variant of that country, it could mislead other researchers, their possible route to South Africa from one another from overlooked country that sequenced fewer coronavirus genomes.

In the past few weeks, proposing a new system has become a kind of spectator sport. Some suggestions for name inspiration: hurricanes, Greek letters, birds, other animal names like squirrels or aardvarks, and local monsters.

Áine O’Toole, a graduate student at the University of Edinburgh who is part of the Pango team, suggested colors to indicate how different constellations of mutations are related.

“You could end up in dusty pink or magenta or fuchsia,” she said.

Sometimes it can be enough to identify a new variant by its characteristic mutation, especially if the mutations are given bizarre names. Last spring, Ms. O’Toole and her coworkers named D614G, one of the earliest known mutations, “Doug”.

“We kind of didn’t have a lot of human interaction,” she said. “That was our idea of ​​humor in Lockdown # 1.”

Other nicknames followed: “Nelly” for N501Y, a common thread in many new variants, and “Eeek” for E484K, a mutation that is said to make the virus less susceptible to vaccines.

But Eeek has appeared in multiple flavors around the world, underscoring the need for flavors to have different names.

The numbering system considered by the WHO is straightforward. However, new names must overcome the ease and simplicity of geographical designations for the general public. And scientists need to strike a balance between labeling a variant fast enough to forestall geographic names and being careful not to name insignificant variants.

“What I don’t want is a system where we have this long list of variants that all have WHO names, but really only three of them are important and the other 17 are not important,” said Dr. Bedford.

Whatever the final system, it must also be accepted by various groups of scientists as well as the public.

“If you don’t really become a lingua franca, things get more confusing,” said Dr. Hodcroft. “If you can’t come up with something that people can easily say, type, and remember, they’ll just go back to using the geographic name.”

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Business

Wired names Gideon Lichfield as its new prime editor.

Condé Nast has named Gideon Lichfield as Wired’s new global editor-in-chief.

Anna Wintour, Condé Nast’s chief content officer and Vogue’s global editor-in-chief, announced this in an internal memo on Tuesday.

“I am so happy that he is bringing his expertise to Wired and I am very much looking forward to the future of the title,” Ms. Wintour wrote in the memo. She said Mr. Lichfield will be responsible for both Wired US and Wired’s international editions, including in the UK, Italy and Japan.

Mr. Lichfield comes to Wired with extensive experience in technology and business journalism, most recently at MIT Technology Review, where he was Editor-in-Chief since 2017. In 2012 he helped launch the digital news site Quartz and was previously with The Economist.

Mr. Lichfield said in a Condé Nast press release that he was “thrilled to have the opportunity to work with Wired’s great journalists and develop his legacy”.

“Wired is iconic and vital in shaping the place of technology in culture,” he said.

It will begin on March 22nd.

The statement found that Wired saw web traffic grow 15 percent over the past year, reaching 44 million people a month across all platforms.

Nicholas Thompson, who became Wired Editor-in-Chief in 2017, was named Chief Executive of The Atlantic in December.

The Shuffle at Wired is the latest in a string of industry shifts as a multitude of publications look for top editors. Vox Media announced The Atlantic’s Swati Sharma as the new Editor-in-Chief of Vox.com in February. The Los Angeles Times, Washington Post, Reuters, and HuffPost continue their search.

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Business

New York Occasions Names Cliff Levy to a Prime Modifying Position

The New York Times announced on Wednesday a return to its leadership team in the newsroom with the appointment of its Subway editor, Clifford J. Levy.

Levy, 53, a two-time Pulitzer Prize winner, has been running the subway counter since 2018. Previously, he was deputy editor-in-chief of the Times’ online platforms and worked as head of the Moscow office and investigative reporter.

In a message to the newsroom on Wednesday, Dean Baquet, the editor-in-chief, and Joseph Kahn, the editor-in-chief said Mr. Levy would temporarily advise the audio division, home of the podcast “The Daily,” before moving on to a broader role. The audio division is overseen by Sam Dolnick, a deputy editor-in-chief and member of the Sulzberger family who control The Times, and Lisa Tobin.

Mr. Levy’s promotion comes a month after The Times released a correction for “Caliphate,” a 12-part audio series designed to shed light on the Islamic State. In an editor’s note, The Times said the podcast had too much faith in the misrepresentation or exaggeration of one of its main topics, Shehroze Chaudhry, a Canadian who claimed to have participated in atrocities by the Islamic State. On the day the note was published, Mr. Baquet described the problems with “Caliphate” as “institutional failure” and said his mistakes should not be blamed on “a reporter”.

“I or someone else should have done the same type of test because it was a big, ambitious piece of journalism,” Baquet said in a December interview with Michael Barbaro, the host of “The Daily”. “And I did not do this type of test, nor did my senior officers have extensive experience reviewing investigative reports.”

In their note on Wednesday, Mr. Baquet and Mr. Kahn said, “Cliff will spend the coming weeks learning the rhythms of ‘The Daily’ and the wider audio team, then helping Sam, Lisa and the Masthead better integrate with the daily Operation of the audio department in the wider newsroom. “

Business & Economy

Updated

Jan. 27, 2021, 11:46 ET

“One of his priorities is the development of new procedures for checking ambitious audio series,” the communication continues.

“The Daily” has become a central part of The Times, with four million listeners every weekday.

Times editors who hold the title of assistant editor-in-chief or assistant editor-in-chief are at the top of the editorial board, referred to by the editorial staff as senior masthead editors because their names appear along with the publisher at the top of page A2 of the print edition. AG Sulzberger and Mr. Baquet.

The number of names on Page 2 has increased in the last few months as 64-year-old Baquet approaches retirement age. Traditionally, Top Times editors have made high-profile posts before they are 66.

Carolyn Ryan, who heads the newsroom’s recruiting, strategy and high-profile journalism, became deputy editor-in-chief in October. The promotion followed her stations in charge of the newspaper’s political coverage, the subway division, and the Washington office.

With the return of Mr Levy to the crew, the newspaper has five assistant senior editors. The others are Rebecca Blumenstein, Steve Duenes and Matthew Purdy.

Mr. Kahn, the managing editor, ranks second after Mr. Baquet in the Times imprint. In December, national editor Marc Lacey was promoted to deputy editor-in-chief and one of seven journalists to hold the title. In the new role, Mr. Lacey is responsible for the live reporting.

While Mr. Levy was in charge of subway coverage, The Times won a Pulitzer Prize for a series by Brian M. Rosenthal that exposed predatory loans and other problems in the New York taxi industry. Mr Baquet and Mr Kahn said in their note on Wednesday that the search for a new subway editor was underway.

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World News

HSBC names 2 international locations that tackled Covid and can profit in 2021

SINGAPORE – Singapore and Vietnam successfully battled coronavirus in 2020 and are likely to maintain the situation for next year, an economist said this week.

“These two countries are probably the most positive,” said HSBC Global Research’s Joseph Incalcaterra when asked which Southeast Asian countries can keep Covid under control and smoothly introduce vaccines.

Singapore “has brought its previous outbreaks under control and … at a time when most countries in the world are actually tightening restrictions, Singapore is going the opposite way,” ASEAN’s chief economist told CNBC’s “Squawk Box Asia” on Tuesday.

The city-state entered the third phase of its reopening this week and now allows gatherings of eight out of five people. Tourist attractions can increase their operating capacity from 50% to 65% once they are approved by the authorities.

People swim on a beach in East Coast Park on December 25, 2020 in Singapore.

Suhaimi Abdullah | Getty Images News | Getty Images

Incalcaterra said Singapore also has an effective vaccination strategy.

“Thanks to a relatively small population, the prospects for Singapore for 2021 are extremely good by comparison,” he said.

Prime Minister Lee Hsien Loong said there will be enough vaccines for “everyone in Singapore” by the third quarter of 2021. The country was the first in Asia to receive a shipment of Pfizer BioNTech vaccines on December 21, 2020.

HSBC’s Incalcaterra also praised Vietnam’s handling of the virus, saying its response to the pandemic enabled the country to maintain its reputation as a “very good destination” for foreign direct investment. The country has been viewed as an alternative manufacturing hub for companies looking to move out of China.

“We have seen that FDI remains very resilient in Vietnam this year,” he said.

Overall, however, Southeast Asia is unlikely to benefit from a vaccine in the near future due to logistical difficulties in rural parts of the region. “It is very unlikely that a significant portion of the population will be vaccinated in 2021,” he said.

Deep damage

Separately, Incalcaterra said Southeast Asia had been “hit very hard” this year. “From a domestic perspective, the traditional consumer motor of these economies is no longer intact.”

“We really don’t have a good view of the short-term recovery considering how deep the damage is,” he added.

While electronic exports have been “relatively bright,” HSBC is focusing on how quickly consumption and investment in the region can recover.

He said countries had “very ambitious infrastructure programs” to make the region a “reliable base for manufacturing”. These projects have stalled because of the coronavirus.

“Until the virus is under control … we won’t see this investment engine regain traction,” he said. “I think this is the biggest short-term obstacle to growth in Southeast Asia.”