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Games receives

Epic Games Receives Strategic Investment from Sony Corporation – Business Wire

TOKYO & CARY, N.C.–()–Sony Corporation (“Sony”) and Epic Games, Inc. (“Epic”) are pleased to announce that Sony has agreed to make a strategic investment of $250 million to acquire a minority interest in Epic through a wholly-owned subsidiary of Sony. The investment cements an already close relationship between the two companies and reinforces the shared mission to advance the state of the art in technology, entertainment, and socially-connected online services.

The investment allows Sony and Epic to aim to broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem to create unique experiences for consumers and creators. The closing of the investment is subject to customary closing conditions, including regulatory approvals.

“Epic’s powerful technology in areas such as graphics places them at the forefront of game engine development with Unreal Engine and other innovations. There’s no better example of this than the revolutionary entertainment experience, Fortnite. Through our investment, we will explore opportunities for further collaboration with Epic to delight and bring value to consumers and the industry at large, not only in games, but also across the rapidly evolving digital entertainment landscape,” said Kenichiro Yoshida, Chairman, President and CEO, Sony Corporation.

“Sony and Epic have both built businesses at the intersection of creativity and technology, and we share a vision of real-time 3D social experiences leading to a convergence of gaming, film, and music. Together we strive to build an even more open and accessible digital ecosystem for all consumers and content creators alike,” said Tim Sweeney, Founder and CEO of Epic.

About Sony Corporation

Sony Corporation is a creative entertainment company with a solid foundation of technology. From game and network services to music, pictures, electronics, semiconductors and financial services – Sony’s purpose is to fill the world with emotion through the power of creativity and technology. For more information, visit: http://www.sony.net/

About Epic Games

Founded in 1991, Epic Games (epicgames.com) is a leading interactive entertainment company and provider of 3D engine technology. Epic operates Fortnite, the world’s largest game with over 350 million accounts and 2.5 billion friend connections. Epic also develops Unreal Engine, which powers the world’s leading games and is being adopted across industries such as film and television, architecture, automotive, and manufacturing for visualization and simulation. Epic has over 2,200 employees across 35 offices worldwide with headquarters in Cary, North Carolina. Follow @EpicGames for updates.

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AstraZeneca receives

AstraZeneca receives $1 billion in US funding for Oxford University coronavirus vaccine – CNBC

AstraZeneca has received more than $1 billion from the U.S. Health Department’s Biomedical Advanced Research and Development Authority (BARDA) to develop a coronavirus vaccine from the University of Oxford. 

The British-Swedish drugmaker has agreed to initially supply at least 400 million doses of the vaccine and secured total manufacturing capacity to produce 1 billion doses, with first deliveries in September. 

AstraZeneca’s development program of the vaccine includes a phase three clinical trial with 30,000 participants and a pediatric trial.

Pascal Soriot, CEO of AstraZeneca, said the drugmaker would do everything in its power to make the vaccine “quickly and widely available.” 

The coronavirus has now infected over 5 million and killed 328,227 people worldwide, according to data compiled by Johns Hopkins University. 

On Sunday, the British government announced it was putting £65.5 million ($79 million) in fresh funding toward the development of the Covid-19 vaccine, with 30 million doses expected to be rolled out as early as September. 

The University of Oxford announced it had partnered with AstraZeneca in April, to allow the drugmaker to develop and distribute the vaccine being researched by the Jenner Institute and Oxford Vaccine Group. 

Human trials began last month on over 1,000 volunteers in the south of England and AstraZeneca said in this latest announcement that data from the trials was “expected shortly which, if positive, would lead to late-stage trials in a number of countries.” 

Although, given that no trial data has been released, we do not yet know if the vaccine will be effective and AstraZeneca has said it recognizes that it may not work. 

On Monday, U.S. drugmaker Moderna released positive data from its phase one human trial on its potential vaccine, in development with the U.S. government. 

Health-care publication STAT then reported Tuesday that vaccine experts were skeptical of Moderna’s new data. However, Moderna Chairman Noubar Afeyan told CNBC Wednesday that the drugmaker would never put out coronavirus vaccine data that was different from “reality.” 

Moderna said earlier in May that it was wrapping up the phase one trials and was moving to start phase two trials, expecting phase three to begin in July. If the vaccine was found to be safe to use, Moderna said it could be ready for the market in early 2021. 

BARDA has also provided funding for one of the two vaccines being developed by French pharmaceuticals company Sanofi, which it is working on with U.K. drugmaker GlaxoSmithKline, according to Reuters in a report which said there are more than 90 vaccines being developed around the world, with eight in clinical trials. 

— CNBC’s Chloe Taylor and Berkeley Lovelace Jr. contributed to this article.

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