Global Markets: 101.5 million-year-old microbes revived

By MarketsFarm

WINNIPEG, July 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– The European Union will spend US$73.9 million to acquire enough doses of the drug remdesivir from pharmaceutical company Gilead to treat 30,000 COVID-19 patients. Health Canada has also just approved the drug for treating the virus.

– Belarus has detained more than 30 Russians believed to be part of a private military group, according to a state-owned news agency. The mercenaries were apprehended near Minsk less than two weeks ahead of a presidential election in the country. They face accusations of entering Belarus to destabilize the situation. Incumbent president Alexander Lukashenko has held power for 26 years and is running for his sixth-consecutive term.

– Scientists studying the South Pacific ocean floor have succeeded in reviving microbes that had been in a dormant state for 101.5 million years, according to reports. The microbes, which may be the world’s oldest known living organisms, were reportedly present in samples drilled from the research vessel JOIDES Resolution about 74.5 metres under the sea floor, below 5.7 kilometres of water.

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