3CL Protease Inhibitor NLC-001 Added to COVID-19-focused Joint Venture Between Todos Medical and NLC Pharma

  •  NLC-001 is a proprietary blend of plant extracts administered orally as dietary supplement
  •  US FDA granted Certificate of Free Sale for NLC-001 on August 28, 2020
  •  JV evaluating potential of NLC-001 to treat COVID-19 in clinical studies in Israel
  •  Todos evaluating commercialization options for NLC-001 Worldwide

NEW YORK, REHOVOT, Israel and SINGAPORE, Sept. 17, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Todos Medical Ltd. (OTCQB: TOMDF), an in vitro diagnostics company focused on developing and distributing comprehensive solutions for COVID-19, and developing blood tests for the early detection of cancer and Alzheimer’s disease, today announced that NLC Pharma has added the dietary supplement NLC-001 to its joint venture with Todos Medical. NLC-001 is an orally administered proprietary blend of plant extracts that includes a powerful potential 3CL protease inhibitor that could help support and maintain healthy immune function. The 3CL protease plays a vital role in the intracellular replication

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4 million jobs added to Nepal’s economy in past decade, a report says

Kathmandu, Sept. 11 — Nepal’s economy added nearly four million jobs over the past decade, and average job quality increased significantly, according to the World Bank’s Nepal Jobs Diagnostic report released on Thursday. This is because Nepal’s economy has been gradually shifting from largely subsistence agriculture to more modern industry and services.

By 2018, there were 3.8 million wage jobs in Nepal, and another 2.8 million Nepalis were employed in wage jobs in other countries, the report said. Of the total jobs added to the economy since 2008, nearly half were wage jobs.

Most international migrants are male, two-thirds are under age 35, and 85 percent have less than a secondary education. International migrants earn much higher wages than their counterparts at home despite the mostly unskilled nature of the work.

External migration acts as a pressure valve by accommodating excess male labour supply but does not provide a viable

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The Week in Business: Jobs Added, but at a Slower Pace

Happy Labor Day weekend! I hope you are enjoying some rest, even if it’s just a staycation. Here’s the business and tech news you need to know for the (short!) week ahead. — Gillian Friedman

The United States added 1.4 million jobs in August, as employers continued to bring back workers but at a slower pace from the 1.7 million jobs added in July and down significantly from the additional 4.8 million jobs in June. And while the unemployment rate fell to 8.4 percent, from 10.2 percent in July, payrolls are still more than 11 million jobs below their pre-pandemic level. The jobs report on Friday provided some of the first data on the state of the economy as emergency federal spending, including the $600 weekly supplement to unemployment benefits, came to an end. But because the data was

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Canada added 245,800 jobs in August

Canada’s job market continues to recover, adding 245,800 jobs in August.

According to Statistics Canada, the vast majority (205,800) were full-time positions.

“Unlike July, job growth was titled toward full-time work, a sign that business conditions are gradually getting back to normal,” said Indeed economist Brendon Bernard.

“The boost from the reopening of previously shuttered sectors continued, with accommodation and food service, as well as other services, making outsized contributions to job growth, alongside a pop in education employment.”

The unemployment rate improved to 10.2 per cent, a decline of 0.7 percentage points. It hit an all-time high of 13.7 per cent in May.

After a string of gains in May, June, and July, employment is within 1.1 million of its pre-COVID February level. The number of workers affected by COVID-19 stood at 1.8 million, down from 5.5 million April peak.

Fewer people worked from home for the fourth straight

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The U.S. Added 1.4 Million Jobs In August, But The Recovery Is Slowing Down

TOPLINE

 The U.S. added 1.4 million jobs in August, the Labor Department said Friday—the new data shows that while the labor market is making modest gains, the pace of recovery has slowed significantly thanks to the expiration of federal stimulus benefits.

KEY FACTS

Friday’s numbers were in line with the 1.4 million new jobs economists were expecting. 

The economy added 1.8 million jobs in July, and 4.8 million jobs in June, and the unemployment rate fell from 10.2% to 8.4% after skyrocketing to 14.7% in April. 

During the Great Recession, the unemployment rate peaked at 10.6% in January 2010. 

Despite Augusts’ gains, the economy is still down 11 million jobs from February, before the coronavirus shutdowns began to take a

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Economy added 1.4M jobs in August as unemployment fell to 8.4% amid persistent COVID-19 outbreaks

The U.S. economy added 1.4 million jobs in August as businesses shuttered by the COVID-19 pandemic continued to reopen and bring back workers, more than offsetting a fresh wave of layoffs by firms that have exhausted their federal loans.

Could coronavirus lead to a global recession? Here are the signs to look out for

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The unemployment rate fell sharply to 8.4% from 10.2% in July, the Labor Department said Friday.

Economists surveyed by Bloomberg had estimated that 1.35 million jobs were added last month.

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August’s payroll gains were healthy but mark the second straight monthly slowdown in hiring after employers added a record 4.8 million positions in June and 1.8 million in July. That’s a troubling sign considering the nation has recouped slightly less than half the unprecedented 22 million

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100K temp jobs added in August as economy looks to bring back flexible workers

TipRanks

Billionaire Ken Griffin Snaps Up These 3 “Strong Buy” Stocks

As fears of a tech bubble and stretched valuations become the talk of the town, investors are turning to Wall Street titans for guidance, namely Ken Griffin. Founding hedge fund Citadel in 1990, the firm now boasts over $35 billion worth of assets under management.As a 19-year-old sophomore at Harvard University, Griffin began trading from his dorm room with a fax machine, computer and phone. Now, the CEO of Citadel, whose net worth stands at $15.5 billion, is known as one of the Wall Street greats. Looking at the fund’s performance during the COVID crisis, it’s even more clear why Griffin has legendary status.Unlike the average hedge fund, which had a negative return of between 3-4% in the first half of 2020, Citadel’s flagship Wellington fund saw its returns land between 13-14% for the same period.Bearing this in mind,

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ADP says privately sector added 428,000 new jobs in August

The numbers: Private-sector companies added or regained 428,000 jobs in August, ADP said Wednesday, but the modest gain won’t dispel worries about a slowdown in hiring over the summer as the U.S. recovers from the coronavirus.

Wall Street economists had forecast an increase of 1 million private-sector jobs, according to Econoday. See ADP report

The increase in hiring last month topped a revised 212,000 increase in July, the giant payroll processor said. Initially ADP had reported that just 167,000 new jobs were created in that month.

The economy has recouped fewer than half of the 20 million-plus jobs lost in the early stages of the coronavirus pandemic.

What’s worse, a number of companies such as American Airlines
AAL,
+0.99%

and MGM
MGM,
+4.17%

have recently announced new layoffs with their businesses still struggling months after the pandemic began.

Read:Fed’s Clarida says new inflation-fighting strategy has roots in failure of

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