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Pharma lobby blasts 'stupid' pandemic patent plans
Pharma lobby blasts 'stupid' pandemic patent plans
by  AFP

Stripping patent protection from Covid-19 treatments is a "mind-bogglingly stupid" idea, the head of a leading pharmaceutical lobby said Wednesday, warning that the move would put industry innovation at risk. Therefore, an IP waiver "potentially undermining what worked so well in this pandemic is basically mind-bogglingly stupid", Cueni said.

Crisis-hit Egypt's currency halved in value since March
Crisis-hit Egypt's currency halved in value since March
by  AFP

The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement. The currency plunged to 31.95 pounds to the dollar in state banks on Wednesday, before settling at 29.7 in the afternoon, according to the central bank.

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