The U.S. Food and Drug Administration on Wednesday approved bluebird bio’s gene therapy for patients with a rare disorder requiring regular blood transfusions, and the drugmaker priced it at a record $2.8 million. The approval sent the company’s shares 8% higher and is for the treatment of beta-thalassemia, which causes Read more…
The Japanese government has been hit in the pocket by an unusual problem — its young people aren’t drinking enough. Since the pandemic began, bars and other premises selling alcohol have been hit hard by Covid-19 restrictions, causing sales — and liquor tax revenues — to plummet in the world’s Read more…
For decades, buying property was considered a safe investment in China. Now, instead of building a foundation of wealth for the country’s middle class, real estate has become a source of discontent and anger. From a report: In more than 100 cities across China, hundreds of thousands of Chinese homeowners Read more…
Apple is aiming to hold a launch event on Sept. 7 to unveil the iPhone 14 line, Bloomberg News reported Wednesday, citing people with knowledge of the matter, rolling out the latest version of a product that generates more than half its sales. The new iPhones will kick off a Read more…
Redwire says it would launch the first commercial space greenhouse in Spring next year to boost crop production research outside Earth and support exploration missions. The space infrastructure company’s project will help deliver critical insights for NASA’s Artemis missions and beyond, said Dave Reed, Redwire’s manager for the greenhouse project. Read more…
Germany plans to keep its remaining nuclear power plants open for longer in a major U-turn as it scrambles to keep the lights on this winter with less Russian gas. Officials have concluded the plants are needed due to gas shortages and they can be kept open without safety concerns, Read more…
Clean energy accounted for more than two-thirds of the new US electrical generating capacity added during the first six months of 2022, according to data recently released by the Federal Energy Regulatory Commission (FERC). Wind (5,722 megawatts) and solar (3,895 MW) provided 67.01% of the 14,352 MW in utility-scale (that Read more…