Bloomberg European Union officials were expected to talk with Gilead Sciences Inc executives on Monday to hammer out a deal to secure its antiviral drug remdesivir to combat the coronavirus, according to a person familiar with the matter. Health Commissioner Stella Kyriakides was expected to speak with Gilead about purchasing the drug on behalf of 16 EU members, including Germany, ...

Bloomberg The risk of a second wave of the coronavirus hitting the European Union makes the speedy approval of the bloc’s 750 billion-euro ($844 billion) relief fund crucial to an economic rebound, Slovenia’s finance minister said. The impact of Covid-19 and the subsequent lockdowns that have sent the EU spiralling into its worst recession in decades will persist into 2021, ...

Bloomberg Prime Minister Boris Johnson is preparing to begin phasing out the use of Huawei Technologies Co. equipment in the UK’s 5G telecommunications networks as soon as this year, reports said. A report from the National Cybersecurity Centre concluded that new US sanctions mean Huawei will have to use untrusted technology, making security risks impossible to control, according to the ...