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Executive Perspective: Asda chairman says British government must do more to help poor during cost of living crisis, cut VAT sales tax; former Marks & Spencer CEO Stuart Rose says economic crisis is of similar proportions to the COVID-19 pandemic

Tesla’s share of global EV market drops to 10% in April from previous market share of 27% due to nearly three-week COVID-19 lockdown at Shanghai, China, plant; employees working 12-hour shifts, six days a week to restore EV production at plant

Fitch: Covid-19 vaccine sales saw strong start to 2022, with Pfizer and Moderna posting stronger-than-expected Q1 sales; 2022 sales could be comparable to significant 2021 numbers, but estimates for 2023 should see more pronounced decrease in market size

Moderna building US$1.35B research, manufacturing center in Britain to develop vaccines for new COVID-19 variants, other respiratory diseases; plant to open in 2025 on site to be determined soon, have capacity of 250 million doses annually

Mount Sinai Hospital develops blood assay that measures a person’s immunity to COVID-19 virus SARS-CoV-2 in less than 24 hours; test measures duration, magnitude of immunity, is scalable, allowing for broad use in general population

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