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Drug developer Novavax Inc on Wednesday acquired Praha Vaccines, a unit of India's Cyrus Poonawalla Group, for about $167 million as it looks to boost capacity to produce its COVID-19 vaccine candidate.

U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for the first time added a warning to some of his tweets prompting readers to fact check the president's claims.

Kenya is rolling out voluntary public testing for the novel coronavirus in its biggest slum, where some residents say being declared virus-free boosts their chances of getting a job.

Here's what you need to know about the coronavirus right now:

The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA.

Kenya's government is facing growing criticism over quarantine centres it set up to curb the spread of the coronavirus, with witnesses saying some are squalid and expose residents to the risk of catching COVID-19.

The French government on Wednesday cancelled a decree allowing hospital doctors to administer hydroxychloroquine as a treatment to patients suffering severe forms of COVID-19, the illness caused by the new coronavirus.

New diagnoses of one of the deadliest cancers fell by one-third in March and April as U.S. physicians and patients halted appointments and screenings during the COVID-19 outbreak.

Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors has picked LG Chem as one of the battery suppliers for its upcoming new electric vehicles, a group spokesman said on Wednesday.

A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.

Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.

Malaysian health authorities on Wednesday reported 15 new coronavirus cases, raising the cumulative total to 7,619 cases.

South Korea reported the highest daily number of new coronavirus cases in 49 days on Wednesday, as one of the country's largest e-commerce companies battled an outbreak linked to a now-shuttered logistics facility.

China's top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.

The Philippines' health ministry on Wednesday reported 18 new coronavirus deaths and 380 additional infections, the highest single-day increase in cases in more than seven weeks.

Falling numbers of active coronavirus cases in Australia and New Zealand are paving the way for the easing of travel restrictions between the two countries, health officials said on Wednesday, even as Australia recorded its youngest coronavirus death.

Russia said on Wednesday 161 people with the coronavirus had died in the past 24 hours, bringing the nationwide death toll to 3,968.

Two children who are the first suspected cases in South Korea of a rare, life-threatening syndrome linked with the new coronavirus, are recovering following treatment, health authorities said on Wednesday.

U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections.

A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.