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VMware (NYSE: VMW) has named Rangarajan (Raghu) Raghuram as its new CEO, effective June 1.
What Happened: Raghuram, who will also become a member of the Palo Alto, California-headquartered company’s board of directors, replaces Pat Gelsinger, who left in February to become CEO at
Intel Corporation (NASDAQ: INTC). Zane Rowe, VMare executive vice president and chief financial officer, served as interim CEO since Gelsinger’s departure.
Raghuram joined the company in August 2003 as director of product management and rose through the corporate ranks, most recently serving as executive vice president and chief operating officer for products and cloud services.
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Walmart Inc. (NYSE: WMT), has acquired the Phoenix-headquartered telehealth provider MeMD for an undisclosed sum.
What Happened: Founded in 2010 by Dr. John Shufeldt, MeMD’s platform enables medical and mental health visits to five million members nationwide via computer, phone and mobile devices. The acquisition will enable Walmart Health to expand its in-person primary care services with access a nationwide network of urgent, behavioral and primary care providers.
“Telehealth offers a great opportunity to expand access and reach consumers where they are and complements our brick-and-mortar Walmart Health locations,” said Dr. Cheryl Pegus, executive vice president for health and wellness at Walmart. “Today, people expect omnichannel access to care, and adding telehealth to our Walmart Health care strategies allows us to provide in-person and digital care across our multiple assets and solutions.”
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Pfizer Inc. (NYSE: PFE) and
BioNTech SE - ADR (NASDAQ: BNTX) have started the process to seek full approval from the U.S. Food and Drug Administration (FDA) for a COVID-19 vaccine.
What Happened: The companies’ vaccine was made accessible in the U.S. last December when the FDA issued an Emergency Use Authorization (EUA). Since then, more than 170 million doses of the vaccine have been delivered nationwide.
Because the EUA is only a temporary grant, the companies have initiated a Biologics License Application (BLA), which requires the submission of nonclinical and clinical data to support licensure of the vaccine for use in individuals ages 16 and older. The BLA incorporates the most recent analyses from the vaccine’s Phase 3 clinical trial, where its efficacy and safety profile were tracked for up to six months after the second dose.
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Britain’s
Royal Mail Group plc (Pink: ROYMY) is releasing a series of commemorative stamps celebrating Paul McCartney while forecasting a profitable fiscal year aided by parcel deliveries during the pandemic.
What Happened: The new stamps encompass McCartney’s solo career and make no mention of his Beatles years.
The series consists of eight stamps featuring a selection of McCartney’s album cover art from his 1970 solo debut album “McCartney” to his most recent release, 2020 s “McCartney III,” released by Universal Music Group, a subsidiary of
Tencent Holdings (Pink: TCEHY) and
Vivendi (Pink: VIVHY).
Also included are four black-and-white stamps of McCartney in recording sessions during the past five decades.
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ViacomCBS (NASDAQ: VIAC) is ratcheting up plans for its Paramount+ by diverting the Mark Wahlberg film “Infinite” from theatrical to streaming release and planning to present one new feature film per week over the service beginning in 2022.
What Happened: “Infinite,” directed by Antoine Fuqua from D. Eric Maikranz’s science-fiction novel The Reincarnationist Papers, was filmed in the autumn 2019 and was scheduled for an August 2020 release before the COVID-19 pandemic forced the cancellation of the studio s theatrical slate.
ViacomCBS’s Paramount subsidiary put the film on its 2021 calendar for a Sept. 24 premiere before the parent company canceled the U.S. theatrical opening and shifted it to Paramount+.