Sanofi is one of the world’s largest vaccine makers, with billions in reliable annual sales coming from the business. With its $3.2 billion purchase of Translate Bio Inc, the company is coopting a possible disruptor. Translate focuses on messenger RNA, the promising new approach behind the wildly successful Covid vaccines from Pfizer Inc-BioNTech SE and Moderna Inc. Sanofi first partnered ...

Mario Draghi scored big just as he appeared to be on the point of foundering. Six months after taking office, Italy’s prime minister (and former president of the European Central Bank) continues to beat the odds and deliver reforms that have eluded Italy for decades. For 30 years, Italian politicians failed in their efforts to repair the criminal and civil ...

Bloomberg China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth projections as risks escalate. Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak linked to the highly-infectious delta variant spread to nearly ...