Vermont Business Magazine Vermont Commissioner of Health Mark Levine, MD, issued the following statement about the development and future distribution of a possible COVID-19 vaccine: While we look forward to a safe and effective COVID-19 vaccine, we hear the fears expressed by many that political pressure is being applied to rush approval of a vaccine before it has been properly tested.Let me be clear. We stand with science.The Vermont Department of Health is keeping a close watch on the vaccine development process to be sure we can trust that science – not politics – governs the process.Even though we do not yet know when a safe and effective vaccine will be widely available, we are doing everything in our power to plan now, so when the vaccine is provided, we will be ready to deliver it to Vermonters quickly and equitably.This unprecedented global pandemic has all eyes focused on finding a vaccine as quickly as possible. But the tremendous pressure to rapidly do so must not outweigh the importance of its efficacy and safety.We stand together with health departments across the country, as well as with the national Association of Immunization Managers, in our insistence that any vaccine made available to the public must first meet all U.S. Food and Drug Administration (FDA) safety standards, and be recommended by the Advisory Committee on Immunization Practices (ACIP), an independent national advisory committee.In a recent phone call with members of our department, representatives of the FDA, CDC and the Surgeon General’s Office, reaffirmed their commitment to a process that respected scientific integrity and will be trustworthy.It is my position that we “trust but verify.” All newly developed vaccines must be continually monitored for safety and efficacy. A comprehensive system must be fully utilized to ensure the safety of any COVID-19 vaccine.As we wait for a vaccine, we must keep up our prevention practices – especially as we come into the fall and flu season: keep those masks on, keep a 6-foot distance, avoid crowded spaces, wash your hands a lot, stay home and away from others when you’re sick.Source: BURLINGTON, VT – Vermont Department of Health. 9.11.2020
INDUSTRY: ‘The acquisition of Faiveley Transport is an excellent strategic fit, expanding our geographic presence, broadening our product and service capabilities, and strengthening our technology and innovation initiatives’, said Wabtec Executive Chairman Albert J Neupaver on November 30, when the US-based group completed its purchase of the Faiveley family’s 51% stake in Faiveley Transport.’The combination of two rail industry leaders creates compelling growth opportunities and synergies, and strengthens the diversity of our revenue base’, he said. ‘We are pleased to welcome the Faiveley family as long-term Wabtec shareholders with representation on our board of directors.’The Faiveley family stake was acquired for US$212m in cash and 6·3 million shares of Wabtec common stock. Wabtec is to launch a tender offer for the remaining public shares in December and expects to complete it in early 2017. Faiveley Transport shareholders will have the option of receiving €100 or 1·1538 Wabtec common shares per share. The total purchase price for 100% of Faiveley Transport is US$1·7bn. The US$1·2bn cash portion will be funded from US$325m of cash on hand, the proceeds of a recent US$750m senior notes offering and the company’s existing revolving credit facility and term note.Wabtec President & CEO Raymond T Betler said the acquisition provided Wabtec with ‘many complementary products, a strong presence in the European and Asia Pacific transit industries, and solid relationships with blue-chip, global customers’.Wabtec expects the combined business to have revenues of US$4·2bn in 2017, and the transaction to be accretive to earnings per diluted share in 2017. It expects at least US$50m in annual synergies from the merger by year three, following restructuring and one-time costs. Wabtec’s Transit Group which is responsible for worldwide passenger-sector activities will operate under the Faiveley Transport brand, with its headquarters in Paris. Faiveley Transport Chairman & CEO Stéphane Rambaud-Measson becomes President & CEO of the Transit Group and a corporate Executive Vice-President, reporting to Betler. ‘The passenger transit business typically provides a steady flow of new projects and aftermarket growth opportunities, and we are well positioned in key global markets such as Europe and Asia Pacific’, said Rambaud-Measson.
With head coach Neil Lennon sent to the stand in the 90th minute, they held on, however, for what could prove to be a crucial three points as they stretched their lead over Falkirk in second to nine points.It was a nervy start from both sides, with Hibs putting themselves under pressure by conceding a corner within the first two minutes that United failed to capitalise on.Moments later, Easter Road full-back Lewis Stevenson fizzed a drive wide from 30 yards out and then John McGinn flashed a snap volley into the side netting.Some indecisive defending from the home side almost allowed the alert pair of Grant Holt and Cummings in on separate occasions but neither keeper was too troubled in the opening quarter. Hibernian stretched their lead at the summit of the Championship to nine points – and 10 over opponents Dundee United – on a potentially pivotal night in the title race with a 1-0 win at Tannadice.Jason Cummings’ emphatic strike seven minutes from the break, which made him the first Hibs player to score 20 or more in three consecutive seasons since the great Joe Baker in the 1950s, won it for the league leaders.Lewis Toshney’s red card with 31 minutes gone left United with a mountain to climb and going behind minutes later gave them an even bigger task.But two bookings in the space of just three minutes for goal-scorer Cummings, one for throwing the ball away and the second for handling the ball into the net, made it a more tense climax for the visitors than it should have been. United were granted an excellent opportunity in the 25th minute when referee Don Robertson penalised David Gray on the edge of the box but the Hibs skipper blocked Alex Nicholls’ effort from the edge of the box.The home side then suffered a massive blow in the 32nd minute when Toshney was sent off. The midfielder, already booked for a barge on Andrew Shinnie, was deemed guilty of a lunge on the same player.The loss of their defensive pivot put United on the back foot and seven minutes later Hibs were ahead.Shinnie was the creator with a superb defence-splitting ball that sent Cummings through on goal and the striker hammered his finish beyond Cammy Bell’s despairing dive.A goal up and with a man advantage, Hibs were always going to be the dominant force after the break. But, whilst they enjoyed long spells of possession, they struggled to find the second goal they craved.They should have had it in the 66th minute but Martin Boyle scooped over the bar from 12 yards out from Gray’s low cross.Shinnie then saw his net-bound shot blocked by Frank van der Struijk before Cummings’ red gave United heart in the closing stages.But the Hibs defence held firm amidst 12 yellow cards.