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 E-commerce leviathan Amazon has reported a record-breaking quarterly profit, with the company reportedly raking in an astonishing U$108 bn of revenue between January and March. Net income has more than tripled, coming in at U~$8.1 bn, reports The Wall Street Journal. Despite the stellar results, Amazon has said that it expects second quarter sales to “reach between “$110 billion and $116 billion, which would mark three consecutive quarters with more than $100 billion in revenue.” Results aside, Jeff Bezos has said that the company is focusing on improving the way it handles its vast w...

‘While the finances of millions were smashed last year, the rich grew ever wealthier’, writes BizNews founder Alec Hogg. 'While the finances of millions were smashed last year, the rich grew ever wealthier', writes BizNews founder Alec Hogg. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for a half price 30 day trial (card details required). Cyril Ramaphosa: The Audio Biography Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.

A study has found that an antibody drug produced by Regeneron Pharmaceuticals has reduced the risk of developing symptomatic Covid-19 by up t0 81%. According to the company, there were no hospitalisations of Covid-19 volunteers within the study, compared with four in the placebo group. The Wall Street Journal reports that the study has also shown the drug’s ability to reduce the risk of death or hospitalisation by about 70%. “So far, 21.3% of the U.S. population has been fully vaccinated, and 35.3% has received at least one shot”. Regeneron’s president, George D. Yancopoulos, has said...

The AstraZeneca vaccine has seen its fair share of controversy this year. Locally, the AstraZeneca batch destined to vaccine health workers was deemed as ineffective and sold off, with government selecting to obtain the more effective Johnson and Johnson vaccine. Recently, however, concerns across Europe over the shot causing blood clots saw numerous countries suspending the rollout. After a prompt investigation, European health officials declared the vaccine safe to use. In the UK, the vaccine has been reserved for those over 30 years, with The Wall Street Journal reporting that ‘the...

Alec Hogg: Our first scrape with censorship over keynote The world’s dominant video hosting platform removed the 27 minute video, seen over 500 000 times. Its message from Nick Hudson clearly resonated with many. The world’s dominant video hosting platform removed the 27 minute video, seen over 500 000 times. Its message from Nick Hudson clearly resonated with many. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for a half price 30 day trial (card details required). Cyril Ramaphosa: The Audio Biography...