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An engineer works in the general laboratory during a media tour of a new factory built to produce a COVID-19 coronavirus vaccine

WANG ZHAO/AFP/Getty Images

A briefing document published today by the U.S. Food and Drug Administration makes it clear that President Trump won’t be able to push through a Covid-19 vaccine before November’s election.

The FDA posted the 38-page briefing on its website, ahead of an Oct. 22 meeting of the agency’s outside scientific advisors on development and authorization of Covid vaccines. Inside, the agency reports that it has advised vaccine developers not to apply for an emergency use authorization until they’ve followed-up on clinical trial participants for an average of two months after the last shot.

A two month follow-up would make it late November for the vaccine being tested by


(ticker: PFE) and


(BNTX), writes Raymond James analyst Steven Seedhouse in a Tuesday

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A pedestrian crosses a road in front of residential buildings in Beijing, China.

Qilai Shen | Bloomberg | Getty Images

SINGAPORE — Rising debt of Chinese property developers are in the spotlight again, as liquidity issues at top developer China Evergrande trigger investor concerns.

China’s property prices rebounded quickly as the economy reopened after the worst of the pandemic passed. Still, authorities are expected to officially rein in on borrowing costs of developers — outlining rules that cap the ratios of their debt in relation to their cash flows, assets and capital levels.

A leaked document last month regarding the cash flow of Evergrande, China’s second-largest developer by sales, has further highlighted concerns of the liquidity flows of Chinese developers.

Analysts warn it’s also raised the pressure on the developers’ ability to repay their debts in the bond markets going into 2021.

China’s property developers are among the biggest junk

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SPOKANE, Wash. — Although it was established in 1873 near some of North America’s most productive forests, Spokane has rarely focused on new timber products in construction. But that is starting to change.

In the city’s downtown, Eastern Washington University has moved into the Catalyst Building, a five-story, 150,000-square-foot structure, the first tall wood office building in Washington State. Sunshine pours through the $40 million building’s large windows and bathes the wood beams and laminated wood floor and ceiling panels.

Built by Katerra, a construction company based in Menlo Park, Calif., Catalyst is the newest of 384 large “mass timber” buildings in the United States. The first was built in Montana in 2011, and according to industry figures, 500 more are under construction or planned.

The cross-laminated wood panels used for Catalyst were manufactured at Katerra’s 270,000-square-foot automated plant on the outskirts of the city. The $150 million plant is

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By Clare Jim

HONG KONG, Sept 22 (Reuters)China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance sheets is on.

Dubbed “the three red lines”, Chinese regulators outlined caps for debt-to-cash, debt-to-assets and debt-to-equity ratios last month at a meeting with 12 major property developers in Beijing. Though not yet officially announced, developers expect the rules to be applied sector-wide as soon as Jan. 1, 2021.

The move has sent shock waves through the industry, sources at four Chinese property developers told Reuters.

“Every company is worried…so everyone is using their own methods, and it’s all about off balance sheet: off balance sheet projects and off balance sheet debts,” an executive at a mid-sized developer told Reuters.

“Liquidity is still abundant, both

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GRAND RAPIDS, MI — Last year, as construction cranes dotted the skyline and workers hammered away on new projects, Grand Rapids marked a new milestone: an estimated $560 million committed to new construction citywide.

That total, included in nearly 3,000 building permits filed in 2019, seems unlikely to be replicated this year. Amid the coronavirus pandemic, the number building permits filed with the city between January and August is down 18 percent when compared with the same time last year, city data show.

The value of the projects outlined in those permits is also down.

Permits filed between January and August of 2019 were valued at $390 million, compared with $199 million during the same time this year.

The coronavirus pandemic and the ensuing economic restrictions and fallout have greatly hampered the development industry.

“We’re having a more difficult year, but it’s not the kind of year that’s unheard of,”

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Crown Point City Hall — Stock

CROWN POINT — Panda Express representatives will have to literally go back to the drawing board before returning next month to the Plan Commission.

The Plan Commission deferred for 30 days a site development request from Valentino Mancini, project manager and an architect for Panda Express.

Project representatives are seeking the city’s approval for a 2,300-square-foot restaurant proposed for property on Broadway north of 109th Avenue.

Several on the Plan Commission, including planner Dan Rohaley, said he wasn’t happy with the architectural changes made following the meeting last month and presented on Monday.

“It still looks like a box,” Rohaley said.

City Councilwoman Laura Sauerman, a Plan Commission member, also voiced her concerns.

“I’m disappointed with the architectural changes because they are not as we

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Google Cloud Platform is launching its Business Application Platform, which couples API management with no-code application development, automation and analytics.

The end game for Google Cloud is to cultivate citizen and business line developers in enterprises.

According to Google Cloud, the Business Application Platform builds on its Apigee API management and AppSheet no-code tools. Google Cloud said it will be adding features for multi-cloud architecture, artificial intelligence and machine learning.

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The launch is being outlined at Google Cloud NextOnAir, its virtual conference. “Our focus is to add no code with a lot of enterprise capabilities,” said Amit Zavery, head of platform at Google Cloud, who added that API connections and managed services will enable both technical and line of business developers. 


Along with the Business Application Platform, Google Cloud launched the beta of the API Gateway, a managed offering to build and monitor APIs for its workloads and

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The National Solar Energy Federation of India (NSEFI) has requested the Telangana Government to exempt solar power developers from payment of Entry Tax for the capital goods imported into the State for setting up solar power projects..

The NSEFI called upon the State Government to “Direct the concerned to exempt developers from payment of Entry Tax for the capital goods, imported into Telangana and which were used for setting up of the solar power projects by the developers.” The levy of Entry Tax is around 12.5 per cent on the capital goods coming from other States and the imports are exempted.

Subrahmanyam Pulipaka, Chief Executive Officer, in the letter addressed to Chief Minister K Chandrashekar Rao and to R K Singh, Union Minister of State, Ministry of New and Renewable Energy, and Indu Shekhar Chaturvedi, Secretary Ministry of New and Renewable Energy, requested immediate action as the tax could set-back

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By JILL SCHRAMM, Minot Daily News

MINOT, N.D. (AP) — Whether it’s the history, the solid building construction or simply a love for downtown, developers are taking interest in Minot’s core district.

Multiple renovation projects are in the works.

At 21 E. Central Ave., a three-story building with about 6,000 square feet on each floor is being converted into office space, with remodeling of the first floor for a potential tenant such as a food and beverage business. Building owner Kevin Black plans to locate his business, Creedence Energy, on the second floor.

Ryan and Jessica Ackerman with Aksal Group have completed some remodeling of their properties along First Street Southeast but continue to develop the buildings into future leasable space.

The building at 18 2nd St. NE, where Escape Point has been located on the second floor, is undergoing renovation of its first floor to make additional business space

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