One in 10 companies owned by private equity managers is in ‘critical care’ due to the coronavirus pandemic, raising concerns that hedge funds could suffer loss of performance and damage to reputation. Private equity managers reported that half of the companies they owned moderately or very affected by the global health crisis.
Hundreds of people critical for the UK fight against Covid-19, including medical staff and community volunteers, received awards in the Queen’s Birthday Honors List. The recipients included Felicia Kwaku, associate director of nursing at King’s College Hospital in south London.
Leading global health and development organizations launch $ 10 billion research fund to fight brain disease and mental illness – a huge problem exacerbated by the coronavirus pandemic. The Global Healthy Brains Initiative aims to do for mental health what the Global Fund to Fight AIDS, Tuberculosis and Malaria has achieved by reducing infectious disease.
Boston Red Sox backup pitcher Phillips Valdez in action against the Atlanta Braves
John Henry, owner of Liverpool Football Club and Boston Red Sox baseball team, is in talks to publicly list his athletic holdings as part of a merger with a blank check company. The potential of a listing comes in the form of deductibles struggling with the effects pandemic, resulting in substantial losses this season.
Apple CEO Tim Cook set to unveil new handsets, probably called the iPhone 12 and equipped with 5G, during a virtual event scheduled for Tuesday. “You have people who have hung on to their devices, especially during the pandemic,” said Wayne Lam, an independent analyst. “So it’s going to be of utmost importance to them and to the industry.”
Freeport Indonesia said it recorded a slump in the cases of Covid-19 at its Grasberg mine in Papua in the third quarter, the country’s official media reported over the weekend. The gold mine, which employs 30,000 people, has recorded 724 cases and 5 deaths. Seventy employees positive for Covid-19 are now in isolation, the Antara news agency reported.
Instacart, the U.S. grocery delivery company, has polled investment banks for advice on a public listing as it seeks to leverage a business boom during the pandemic. The San Francisco-based company said it had raised $ 200 million in new funds, bringing its valuation to $ 17.7 billion.