RemeGen Co. Ltd. ("RemeGen" or "the Company") (9995.HK, SHA: 688331), a commercial-stage biotechnology company, is celebrating World Lupus Day 2024, which falls on May 10, by sharing the latest developments of the world's first approved dual-target new fusion protein drug Telitacicept (RC18). RemeGen continues to raise global awareness of lupus, highlighting its impact on millions of people living with the disease around the world.
Japan's economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll showed, which will probably set back Bank of Japan efforts to raise interest rates. Cabinet Office data due out at 8:50 a.m. on May 16 (2350 GMT on May 15) is expected to show the economy's contraction would be equivalent to monthly decline of 0.4%, according to the poll of 17 economists. The decline followed growth of 0.4% annualised in the last three months of 2023, with the main pillars of GDP collapsing and leaving no growth engine for the January-March quarter.
China firmly opposes the abuse of export control tools such as the U.S. entity list, a foreign ministry spokesperson said on Friday, after the U.S. added 37 Chinese firms to a trade restriction list over national security concerns. China and Russia have the right to carry out normal economic and trade cooperation, and such cooperation should not be disturbed, spokesperson Lin Jian told a regular press conference. He said the United States continues to politicise economic and trade issues and further increase tariffs, abusing the so-called 301 tariff review process, "which is adding insult to injury."
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