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18°
Wednesday, jan 8
Tag:
Gaithersburg, MD
Business
Popular Italian Restaurant Chain Files For Bankruptcy, Closing Multiple Locations
Buca di Beppo is Buca di bankrupt. The popular Italian eatery chain announced it had filed for Chapter 11 this week and would close several underperforming locations, including restaurants in Pennsylvania, New Jersey, and Maryland. Like many other restaurant chains, Buca di Beppo said the business hadn't bounced back since the COVID-19 pandemic. Customer spending is lower than expected, and supply costs remain high, according to court documents. It's a common tale for several "fast-casual" dining restaurants that have failed to thrive in recent years. Revenue for…
News
Covid-
19: New
Us-m
ade Vaccine Has 90 Percent Efficiency Rate, Can Be Stored In Refrigerators
An American biotech company announced that it has concluded the latest phase of clinical trials for its COVID-19 vaccine, which has proven to be highly effective. Novavax announced on Monday, June 14 that its vaccine has an overall efficacy rate of 90.4 percent in a Phase 3 trial that took place across the United States and Mexico. The Novavax vaccine can be stored in standard refrigerators, making it easier to distribute. Additional analysis of the trial is ongoing, according to the company, and will be submitted to peer-reviewed journals for publication. The company said that the vacc…