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Yahoo BusinessSep 20, 2020
Oracle Boosts Cloud Ambitions With Help From TikTok and Trump
(Bloomberg) -- Oracle Corp.'s deal to attain a 12.5% stake in TikTok Global and provide computing services to the video-sharing app furthers the software maker's years-long plan to become a cloud computing heavyweight.Executive Chairman Larry Ellison leaned on his company's close ties to the Trump administration to land the partnership with the newly formed company, which will help fulfill an ambitious strategy outlined with fanfare half a decade ago to become a credible cloud rival to Inc. and Microsoft Corp.Retailer Walmart Inc. will buy as much as 7.5% of TikTok Global, which will be headquartered in the U.S. and pursue a public listing in less than a year, the companies announced Saturday in a statement.While other Silicon Valley giants have kept U.S. President Donald Trump at arm's length, Oracle has embraced him, which may have helped the company gain preliminary U.S. approval for the deal. Ellison spoke directly with the president Friday, two days after Trump said that he "conceptually" didn't like the TikTok proposal, which would leave computer code and ownership mostly in the hands of its Chinese parent Bytedance Ltd.There's little to indicate the investment structure of the deal has dramatically changed since then, but Trump nonetheless gave his blessing Saturday. The deal does call for the addition of 25,000 jobs, the creation of a $5 billion education fund, a mostly U.S. led board and several precautions aimed at safeguarding the data of American users.There are very few leader

Yahoo BusinessSep 20, 2020
Moderna Reveals Efficacy Criteria For Key Covid-19 Vaccine Trials
Moderna (MRNA) has taken the rare step of publishing the clinical protocols for its late-stage Covid-19 vaccine trials. The company also announced that it is planning to produce roughly 20M doses of its vaccine candidate, mRNA-1273, this year.According to the published protocol, Moderna is carrying out a Phase 3, randomized, stratified, observer-blind, placebo-controlled study to evaluate the efficacy, safety and immunogenicity of mRNA-1273 against the SARS-CoV-2 vaccine in adults aged 18 and over.The study will target adults who have no known history of SARS-CoV-2 infection but whose locations or circumstances put them at risk of catching the virus.Its primary endpoint is to demonstrate the efficacy of mRNA-1273 to prevent the first occurrence of Covid-19 starting 14 days after the second dose.Here Covid-19 is defined as symptomatic disease based on the following criteria: at least two of fever (= 38ºC), chills, myalgia, headache, sore throat, new olfactory and taste disorder(s), or at least one of the following respiratory signs/symptoms: cough, shortness of breath or difficulty breathing, or clinical or radiographical evidence of pneumonia; and a positive coronavirus test.It will also evaluate the safety and reactogenicity of 2 injections of mRNA-1273 given 28?days apart.Secondary endpoints include evaluating the efficacy of mRNA-1273 to prevent severe Covid-19, asymptomatic Covid-19, to evaluate vaccine efficacy (VE) to prevent death caused by the virus, and to evaluate the efficacy of
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