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SiriusXM CFO Says Satellite Radio Faces Uncertain Coronavirus Impact
Even if people aren’t commuting in their cars as much while they shelter in their homes during the coronavirus pandemic, satellite radio powerhouse and Pandora owner SiriusXM has yet to take a big hit to its bottom line judging by its recently released first-quarter earnings. But while listening of Pandora and SiriusXM offerings is up for stay-at-home consumers, David Frear, senior executive vp and CFO of SiriusXM, warned Tuesday that his industry faces an uncertain future. “I haven’t talked to anybody who has a good picture of what the recovery will look like,” he told the J.P. Morgan Global Technology, Media and Communications Conference during a session that was webcast. Frear said the COVID-19 crisis has driven new- and used-car sales down sharply, relative to y...
Songwriter Diane Warren Signs With BMG Ahead of ‘Historic’ New Album
BMG has signed Diane Warren. The music company will represent Warren for publishing and recording, and will release a collection of the legendary songwriter’s new works, performed and recorded by a starry lineup of guests, Billboard can confirm. Under the new arrangements, announced this morning, BMG will administer Warren’s entire songwriting publishing catalog (excluding the U.S. and Canada) under her Realsongs umbrella and release the album of new material, at a date yet to be announced. Several other projects are in the planning phase, a rep tells Billboard. “I’m thrilled with my new deal at BMG. I love the BMG team. They have hit the ground running,” Warren says in a statement. “There is so much already happening that I know this year is going to be ...
Taraba discharge six coronavirus patients
The six are among the 17 COVID-19 cases so far recorded in the state. The state commissioner for Information and member of the state’s technical Committee on COVID-19, Danjuma Adamu, disclosed this at a briefing in Jalingo, the state capital. He explained that the six patients who recovered from the CoronaVirus were discharged Tuesday to reunite with their family. He further explained that those still in isolation are receiving the appropriate care needed. He further urged members of the public to observe all precautionary measures as the government is doing all it takes to contain the spread of the virus. Newsmen reports that Taraba still has 11 active COVID-19 cases. Get more stories like this on Twitter
NAFDAC explains position on claims for coronavirus remedies
The National Agency for Food and Drug Administration and Control (NAFDAC) has said that the rush to mitigate the mortality and morbidly resulting from the COVID-19 pandemic has resulted in acceleration of product development, repurposing of formulations, off label use of therapeutics and the search for a vaccine to prevent COVID-19. The agency however noted that it has only received application from one company for a product the company is presenting (for approval) to the Agency for the treatment of the symptoms of Covid-19, and not for the cure of Covid-19 as a disease. In a statement yesterday in Abuja, Director General of NAFDAC, Prof Mojisola Christianah Adeyeye stated that in a bid to discover a cure for Covid-19 disease, the public has witnessed quite a number of claims from differen...
Official: Why 471 persons died in Yobe in three weeks
Dr. Mohammed Lawan, Yobe Commissioner for Health, on Tuesday gave reasons for the 471 deaths recorded across different communities in the State in the past three weeks amidst fears that the deadly COVID-19 virus may has been claiming lives in the State without notice. Lawan, who is the Vice Chairman of the state’s COVID-19 Committee, however, said the deaths which occurred between the last days of April till date was not due to the global pandemic, according to preliminary report of the investigative response team constituted by the government. According to him, 90 per cent of the deaths had no multiple case definition symptoms of Coronavirus disease, while further noting that most of those that died were elderly people. According to him, “57 per cent of the total deaths had an underlying ...
Godwin Emefiele: Central bank ready to support home grown vaccine
Bloomberg Governor, Central Bank of Nigeria (CBN,), Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight COVID-19 in Nigeria. Emefiele, who spoke at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja, said the pandemic has had an unprecedented effect on the global economy, impacting all nations big and small. According to him, so far, the Coalition Against COVID-19, (CACOVID) has raised over N27billion to fund this initiative. He said the donation received so far are being used to build well-equipped isolation centres across the 36 states of the federation. ”’The ThisDay Dome Testing, Treating, Tra...
Trump vs. the skeptics: Reopening fight highlights polar opposite outcomes
A muddled, middle-ground scenario is also possible — one in which red states open faster and many blue states go slowly, a phenomena that is already showing up to some extent and giving the entire process a distinctly partisan overlay. Americans will need to wait weeks after the first state reopenings, throughout the incubation period for Covid-19, to gauge which approach is more likely to play out and determine the economic and political future of the nation for months and perhaps years to come. “There is a path here where the market just keeps going up and whatever second wave exists is within the capacity of the health care system to handle and the supply curve of available pharmaceutical treatments bends upward and we get closer to a vaccine,” said Michael Cembalest, chairman of market...
House of Reps order release of Benue coronavirus index case
The House of Representatives has resolved to come to the rescue of Benue State’s coronavirus index case, Susan Idoko, who has accused the government of refusing to release her from isolation despite “not” being infected with the disease. The action of the House followed the unanimous adoption of a motion moved by a member, Blessing Onuh, at plenary on Tuesday. It was entitled, ‘Urgent Need to Look into the Release of Mrs Susan Idoko Okpe, Nee Lawani, Who was Quarantined by the Government Following Misinformation and Diagnosis.’ Adopting the motion, the House resolved to “mandate the Nigeria Centre for Disease Control, through the Federal Ministry of Health, to critically evaluate her as a matter of urgency and if proved otherwise, should be allowed to go home.” The parliament also tasked t...
Scores flee as bandits sack Niger communities
File Photo Bandits on Tuesday sacked three communities in the Shiroro Local Government Area of Niger State. It was learnt that Galkogo, Farindoki and Rafin seyin communities, made up of about 1,500 people, were forced to abandon their homes as a result of the attack. A source close to one of the affected communities said it began about 12 noon. It was gathered the bandits, numbering about 60, blocked all the entry routes into the communities to prevent the people from escaping. “It is possible the bandits just wanted to show force and at the same time disrupt movement today, being our major market day in Zumba town. “Nobody could go to market today from these three communities because they blocked every road in and out as people scampered to safety, all the vehicles that were heading to Zu...
Nigeria’s coronavirus deaths jump to 158
Nigeria has recorded 158 Coronavirus deaths, with Lagos and Kano topping the chat. According to the Nigerian Centre for Disease Control, NCDC, on Tuesday, Lagos and Kano both have 33 coronavirus deaths each. Borno recorded 16 deaths while Sokoto rakes in 13 deaths from the deadly pandemic. Katsina ramps up 11 deaths, while FCT has seven and Ogun and Zamfara have five deaths each. Others are: Edo and Osun, four deaths; Bauchi, Kaduna, Kebbi, Rivers and Delta recorded three deaths respectively; Jigawa, Oyo, Akwa Ibom recorded three cases each, while Gombe, Kwara, Nasarawa, Yobe, Ondo and Ekiti have recorded one case each. Get more stories like this on Twitter
Chinese nationals arrested for alleged N50 million bribe
The Economic and Financial Crimes Commission has apprehended two Chinese nationals for allegedly offering bribe to the head of its Sokoto zonal office and his investigating team. The Chinese, Meng Wei Kun and Xu Kuoi of China Zhounghao Nigeria Limited, a construction company, were arrested in an operation that lasted four days. Parading the suspects on Tuesday, the zonal office head, Abdullahi Lawal, told newsmen the duo offered him and his investigating team the sum of one million naira to compromise him in an ongoing investigation into the company’s operations. “On May 7, 2020, I was contacted by the Managing Director, China Zhounghao Nig. Ltd, Mr Meng Wei Kun, in respect of an ongoing investigation against their company. I and my investigating team were offered the sum of N100m to compr...
Kwara records 10 fresh cases of coronavirus
The Nigeria Centre for Disease Control (NCDC) says 10 more people have tested positive to Coronavirus (COVID-19) in Kwara. This brings the total of confirmed cases of Coronavirus to 44, with nine patients discharged and one death recorded in the state. The State before now has 34 cases of the disease. The Special Assistant on New Media to the state governor, Mr Fafoluyi Olayinka, confirmed this on Tuesday in his verified official social media account. Olayinka said that the number of active cases as at 8 p.m is 34, while nine have so far been discharged and one death recorded. Get more stories like this on Twitter
