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Omicron scrambles what we know about immunity

  Forget the debate over how scared we should be of omicron. What matters is putting our energy into solutions that work — taking action that matters on a personal level and demanding effective actions from world leaders. Scientists are already scrambling to learn how well our existing vaccines will work against this new coronavirus variant. That can help predict ...

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Does Elliott’s activism travel from spreadsheet?

  Elliott Management Corp is a master at forcing companies to do something about the gap between a lowly share price and their value on paper. But the activist hedge fund’s campaign targeting UK utility SSE Plc runs up against an awkward reality: Stock markets don’t always obey spreadsheets. SSE is a fiendishly complicated firm with a simple problem. It ...

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Garuda Indonesia ruling to decide $9.8b debt recast fate

  Bloomberg PT Garuda Indonesia is entering a court-supervised debt restructuring process after a Jakarta court accepted a debt petition filed against the airline in a test of how far Indonesia’s government will go to rescue a state-owned company. Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments ...

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