top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


6 Oct 2021

Singapore to Close Deal for Supply of New Merck Covid Pill

The Index Today

Singapore has announced it will be working with Merck & Co. on an agreement for the supply and purchase of molnupiravir, a new Covid-19 oral drug which could help reduce the risk of hospitalization and death caused by the virus.
According to a statement released by Merck, molnupiravir will be supplied to Singapore upon the completion of certain regulatory measures. The breakthrough drug is known to reduce risk of death by at least 50%. This means, patients who have contracted the virus can be treated before even being hospitalized.
Pang Lai Li, Merck’s managing director said in a statement, “MSD believes a range of medicines and vaccines will be needed to make an impact on the pandemic. This agreement is another example of Singapore’s forward-looking strategy of pandemic management and the government’s commitment to investing in innovative medicines and vaccines to combat the pandemic.”
According to reports, Singapore has a high vaccination rate and aims to lower covid infection rates which have put immense pressure on its healthcare system. The country is slowly shifting its covid-zero strategy to a “living with the virus” strategy.

Clay pottery with table linens
bottom of page