Companies Battling Against COVID19
General Motors Will Help Build Ventilators to Battle Covid-19
Leveraging ts logistics, purchasing and manufacturing expertise, General Motors will help health-care equipment maker Ventec increase output of ventilators.
The auto maker is leveraging its logistics, purchasing and manufacturing expertise to assist health care equipment maker Ventec to increase output.
Iconic American auto maker General Motors is joining forces to build ventilators in America’s battle with the Covid-19 pandemic.
The company said Friday evening that it was leveraging its logistics, purchasing, and manufacturing expertise to assist health-care equipment maker Ventec to increase output.
“With GM’s help, Ventec will increase ventilator production,” said Ventec Life Systems CEO Chris Kiple in a joint news release. “By tapping their expertise, GM [ticker: GM] is enabling us to get more ventilators to more hospitals much faster. This partnership will help save lives”
Earlier in the week, President Donald Trump said he had invoked the Defense Protection Act to help spur production of needed medical equipment in the battle against the virus. General Motors said on Thursday that it was exploring partnerships.
“We are working closely with Ventec to rapidly scale up production of their critically important respiratory products to support our country’s fight against the COVID-19 pandemic,” said GM CEO Mary Barra in the same news release. “We will continue to explore ways to help in this time of crisis.”
Ventec’s leading product is a device that integrates a ventilator, oxygen concentrator, cough assist, suction, and nebulizer into one system.
GM and Ventec are also working with Stopthespread.org, a coordinated private sector response to the Covid-19 outbreak.
In addition to manufacturing partnerships, the organization is suggesting ways to mitigate the economic impact, like accelerated payments to small businesses.
General Motors shares are down about 50% year to date, worse than the comparable drops of the Dow Jones Industrial Average and S&P 500 over the same span.
Governments, central banks and the WHO will not defeat coronavirus alone; the private sector must play a key role.
- As companies respond to COVID-19, business leaders who back moral statements with practical action will stand out.
- Protecting employees and redeploying their unique capabilities to meet society’s immediate needs could build more loyal workforces and public good will while helping to fight a global crisis.
The many layers to the COVID-19 crisis are unfolding in front of our eyes. Our political leaders, financial institutions and global governance structures are being severely tested. Their job is made all the harder by low levels of public trust and broken social contracts in many parts of the world.
Top Best Donations Made For COVID19 Epidemic
JPMorgan said it will to donate $50 million to groups and organizations that provide support and supplies to people affected by the coronavirus all over the world, according to a report by Reuters.
The first $15 million will go to groups directly dealing with how the virus is affecting people directly, with $5 million to institutions that handle community development, to dole out low- or no-interest loans. The bank has earmarked $3 million to international groups that provide the same service.
The bank plans to donate $2 million to the COVID-19 Solidarity Response Fund run by the United Nations and the World Health Organization (WHO). It will also give $1 million each to Feeding America, GlobalGiving Foundation and the China Foundation for Poverty Alleviation.
There will be $2 million going to nonprofits, and $35 million to “medium-to-long term challenges communities are likely to face as the COVID-19 crisis continues to unfold.”
Amazon will also be donating money to help with the crisis, and it’s one of the only companies seeing growth during the pandemic, according to a report by TechCrunch.
The company is going to donate $1 million between four organizations in Washington, D.C. that are fighting the coronavirus: ACT for Alexandria, Arlington Community Foundation, Community Foundation for Northern Virginia and the Greater Washington Community Foundation.
The foundations focus on people who have been the most affected, like the homeless, the elderly and people who work hourly jobs that have been put on hold due to the COVID-19 outbreak.
Amazon is also going to give cash to food banks in the region, which will use the money to provide necessities for families and persons in need.
Amazon also recently created a $5 million Neighborhood Small Business Relief Fund to aid businesses facing economic troubles, and has contributed another $1 million to a Seattle fund for people dealing with the virus. Amazon has a large presence in Seattle, and the city is one of the hardest hit by the pandemic.
Bunkered down at home or not, celebrities all over the world are stepping up to do what they can to combat the coronavirus pandemic by making charitable donations to those in need.
As the numbers of those infected with COVID-19 rose to over 500,000 worldwide as of Thursday evening, the world’s biggest performers have either made sizable donations or have utilized their already-existing businesses to provide relief.
One of country music’s biggest stars, Brad Paisley, and his wife Kimberly Williams-Paisley own a free grocery store in Nashville they are using to deliver groceries.
“Jersey Shore” star Jenni “JWoww” Farley is also helping to bring food to those in need.
Farley, 34, has partnered with Eat Clean Bro, a meal delivery service, to donate 500 prepared meals to Jersey Shore University Medical Center in New Jersey, according to a statement obtained by Fox News.
‘Jersey Shore’ star Jenni ‘JWoww’ Farley teamed up with Eat Clean Bro, a meal delivery service, to donate 500 prepared meals to Jersey Shore University Medical Center. (Reuters)
Angelina Jolie has also donated $1 million to an organization called No Kid Hungry, per an online statement.
No Kid Hungry focuses on feeding the children of low-income families and has mobilized in recent weeks, donating $2 million to charities across the country and issuing emergency grants to schools, food banks and more.
On Monday, Ryan Reynolds took to his Twitter with the news that he and wife Blake Lively are donating $1 million total to be split between two organizations.
“Covid-19 has brutally impacted older adults and low income families. Blake and I are donating $1 million to be split between FEEDING AMERICA and FOOD BANKS CANADA,” Reynolds wrote on Twitter. “Take care of your bodies and hearts. Leave room for joy. Call someone who’s isolated and might need connection.”
Kylie Jenner has also donated $1 million in order to purchase protective gear for medical professionals.
The U.K. has announced a £210 million ($253 million) donation to speed up a coronavirus vaccine and the prime minister, Boris Johnson, has called on other world leaders to do the same.
There is an $8 billion shortfall in funding for coronavirus, Mark Henderson, director of communications at Wellcome Trust, told me this week. Developing a vaccine alone would cost $2 billion.
“To date, this is the largest single contribution by any country to the key international fund to find a coronavirus vaccine,” the Prime Minister’s office said in a statement. The pledge was announced following a virtual G20 meeting, the day before Johnson himself tested positive for COVID-19.
As the novel coronavirus continues to rapidly spread around the world, a growing number of sport stars and teams have donated millions of dollars to help medical workers and hospitals fight the global pandemic.
The outbreak of COVID-19 has already wreaked havoc on the sporting calendar, forcing the postponement of the 2020 Tokyo Olympic Games and the suspension of many major professional sports. Several sportspeople have also tested positive for the disease.
Many countries are bracing themselves should their health services buckle as services have in those countries already badly affected. Despite the many wonderful acts of charity being witnessed in communities in lockdown, we know imminent hardship will take a toll on social cohesion.
As the limits on our go-to crisis-management tools become clear, it is increasingly apparent that we need the private sector to join the coronavirus front line. There’s a reason the White House has asked Walmart and others to help with drive-thru testing and Downing Street wants manufacturers to shift production lines to building ventilators. Governments, central banks and the WHO will not defeat this disease alone.
Responsible capitalism, which seeks to move corporate culture beyond shareholder primacy, now faces its biggest test yet. Today’s CEOs are knee-deep in invidious choices as they attempt to absorb losses, steady cashflow and balance the competing needs of their investors, customers, staff and suppliers. There are no firm answers, just best judgements and countless unknowns over supply chains, volatile markets and the impact of travel bans and social distancing. It will be impossible to keep everyone happy.
Yet, perhaps, there is opportunity too. In recent years we have seen that employees and consumers increasingly reward businesses that use their powers for good. Companies which uphold clear values to advance a bigger societal mission regularly exhibit stronger financial performance. We saw this clearly at Unilever during my 10 years as CEO when putting purpose at the heart of our business model delivered a 300% shareholder return. As companies respond to coronavirus, false virtuousness will be easy to spot. Business leaders who back moral statements with practical action will stand out.
Firstly, some businesses can redeploy their unique capabilities to meet society’s immediate needs. Think war-time effort: Luxury goods giant LVMH is producing hand sanitizer in its perfume factories, for use in French hospitals; Johnson & Johnson has donated a million surgical masks to Chinese health workers; IKEA is helping to kit-out hospitals in affected areas. These acts will not be forgotten by their recipients and will build good will among the wider public for a long time to come.
Pakistan’s ministry develops hand sanitizers to battle against COVID-19
- All provincial governments are advised to contact PCSIR in the provincial Head Quarters for mass supplies.
In wake of the spike in rates of hand sanitizers due to the emerging shortage of the product across the country amid coronavirus concerns, the Pakistan Council of Scientific Research (PCSIR), a department that falls under the umbrella of the Ministry of Science and Technology has develop hand sanitizers, which are now available on a mass level.
Pakistan has confirmed its two coronavirus-related deaths as two patients died in Khyber Pakhtunkhwa from the novel coronavirus, KP Health Minister Taimur Saleem Jhagra tweeted. The second announcement came less than two hours after a COVID-19 death was reported from Mardan district, which was the first death from the virus in Pakistan. The second fatality was a 36-year-old patient from Hangu, who was being treated at Peshawar’s Lady Reading Hospital.