Extra Crunch roundup: antitrust jitters, SPAC odyssey, white-hot IPOs, more



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Johnson & Johnson partners with BARDA to fund $1 billion in COVID-19 vaccine research

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Pharmaceutical giant Johnson & Johnson is partnering with the Biomedical Advanced Research and Development Authority of the U.S. Department of Health and Human Services to fund over $1 billion in COVID-19 vaccine and antiviral treatment research and development, the company said on Monday. The partnership is an expansion of an existing agreement between BARDA and J&J's Janssen Pharmaceutical Companies division. With the agreement, the company is setting a goal of providing a global supply of more than one billion doses of the vaccine, which J&J expects to have in clinical trials by September 2020 at the latest. from Yahoo Tech https://ift.tt/2JDqGEd
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Is it feast or famine for food delivery startups during the coronavirus pandemic? The UK's Deliveroo has confirmed it's axing more than 350 staff -- or around 15% of its global headcount. A Deliveroo spokesman blamed the cuts on the coronavirus crisis, saying the public health emergency has put pressure on the business to reduce long-term costs. from Yahoo Tech https://ift.tt/3cT72QQ
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Twitter Q1: sales up 3% to $808M as it swigs to a loss on COVID-19, mDAUS hit record 166M

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