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Gain in U.S. Factory Gauge Belies Labor, Supply Constraints

(Bloomberg) A gauge of U.S. manufacturing quickened in May, propelled by stronger growth in orders which factories are having trouble satisfying because of supply shortages and labor constraints. A measure of factory activity rose to 61.2 from 60.7 a month earlier, according to data released Tuesday by the Institute for Supply Management. Readings above 50 indicate expansion, and the May figure was about in line with projections. The. ....

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Astra CEO Lands Mega-Deal, Defends Vaccine in Sydney Quarantine

Astra CEO Lands Mega-Deal, Defends Vaccine in Sydney Quarantine
Bloomberg
12/14/2020
Suzi Ring
(Bloomberg) Pascal Soriot, the head of AstraZeneca Plc, spent around two weeks in a Sydney hotel room with guards outside the door, stuck in quarantine after entering Australia.
During that time, he helped put the finishing touches on a $39 billion acquisition, while also parrying concerns over the much-anticipated Covid-19 vaccine AstraZeneca developed with the University of Oxford. That two such important developments should emerge while he was in confinement shows how crucial this moment is for the drugmaker and for Soriot s legacy. Not even the chief executive officer of one of Britain’s most valuable companies can escape the pandemic’s grasp. But Soriot didn’t let it slow him down. ....

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