Sunday, July 13, 2025

Polaris of Enlightenment

EU signs new vaccine deals with Pfizer

Published 9 July 2023
– By Editorial Staff
EU President Ursula von der Leyen.
1 minute read

The European Commission is signing new vaccine deals with Pfizer and a number of other pharmaceutical companies for “future global health emergencies” that will allow pharmaceutical companies to “rapidly start production” in the event of a new emergency.

The new agreements differ from previous ones on covid vaccines and covers mRNA, vector and protein-based vaccines, Reuters reports. The reason for the new contracts is that Europe needs to be better prepared for future health crises.

The agreements require companies to be ready to respond to a crisis by keeping their facilities up to date and monitoring their supply chains, “including stockpiling where necessary,” the Commission said in a statement. In other words, the companies would “rapidly start production” in case of an emergency.

Pfizer will be responsible for producing mRNA vaccines, Spain’s Reig Jofre (RJFE.MC) and Laboratorios Hipra SA will produce protein-based vaccines, while Bilthoven Biologicals B.V. of the Netherlands will provide vector vaccines.

EU Commission President Ursula von der Leyen has long been keen on buying from pharmaceutical giants, including up to 2.4 billion doses of Pfizer’s criticized Comirnaty vaccine. Exactly how much of EU citizens’ money was spent on this was long kept from EU citizens, but leaked documents later revealed that it was €15.50 per dose for one of the shipments.

It is not clear what financial arrangements are included in the new agreement reached by EU leaders.

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Swedish food giant Axfood reports strong operating profit

Published today 10:02
– By Editorial Staff
1 minute read

The Swedish food retail market continues to grow despite economic uncertainty. Axfood, one of the country’s largest players, reports profit growth of just over eleven percent for the second quarter and continues to gain market share from competitors.

Swedish consumers are spending increasingly larger amounts on food, and grocery chains are benefiting from this development. Axfood, which operates Willys, Hemköp and since November last year also City Gross, reports operating profit that rose 11.7 percent during the year’s second quarter compared to the same period in 2024.

The result exceeded financial analysts’ forecasts, while revenue growth of 9.3 percent fell slightly below market expectations. In total, the group had revenue of nearly €2.1 billion during the quarter.

Automation delivers lower costs

Behind the strong profitability development lie extensive investments in modern logistics solutions and automation. According to the company, the investments have led to improved efficiency and strengthened competitiveness.

Going forward, the efficiency measures are expected to generate cost savings of €7.3 million annually. Axfood simultaneously confirms its investment plans of €146-155 million during 2025 as well as the goal of opening 10-15 new stores.

Facts: Axfood

Axfood is controlled by the family company Axel Johnson AB, which owns 50.1 percent of the shares. Behind Axel Johnson AB stands the Ax:son Johnson family with Antonia Ax:son Johnson as the main owner, and since January this year the group has been led by Caroline Berg, who is Antonia's daughter.

The Axel Johnson Group, which has 150 years of history, owns in addition to Axfood also the IT company Dustin, restaurant wholesaler Martin & Servera, investment company Novax and industrial group Axel Johnson International. In total, the wholly and partially owned companies in the group have a turnover of around €13.8 billion and have approximately 27,000 employees.

Bitcoin reaches new record highs – institutions drive development

Alternative economic systems

Published 11 July 2025
– By Editorial Staff
Bitcoin has surged and is expected to rise even further.
2 minute read

The cryptocurrency Bitcoin has risen to historic peak levels in recent days and is now trading at nearly $118,000. Increased interest from institutional investors and Donald Trump’s crypto-friendly policies are cited as driving factors behind the sharp rise.

The leading cryptocurrency Bitcoin continues its impressive development and reached a new peak of $118,780 on Thursday. By Friday morning, the currency was trading at $117,688, representing an increase of approximately 26 percent since the beginning of the year.

The upswing has been particularly pronounced recently. On a weekly basis, Bitcoin has risen around eight percent, while Thursday’s trading alone contributed a six percent increase.

Institutions take their place in the crypto market

Behind the recent sharp price increase lie several interacting factors. Many market analysts highlight President Donald Trump’s positive attitude toward cryptocurrencies as an important catalyst, not least his stated ambition to establish a strategic crypto reserve for the United States.

But perhaps the most significant development is institutional investors’ growing engagement in the crypto sector. Major financial players have increasingly begun including Bitcoin and other digital assets in their portfolios over the past year, which has helped legitimize the market.

Bitcoin’s new record level is driven by relentless institutional accumulation. Major players are increasing supply and reducing liquidity on exchanges, says Joshua Chu, co-chairman of the Hong Kong Web3 Association, to news agency Reuters.

Next target: $150,000

The question many market participants are now asking is how far Bitcoin’s price increase can continue. According to crypto experts that consulting firm Fast Company has spoken with, the $120,000 level could constitute an important psychological barrier for the currency.

If Bitcoin succeeds in establishing itself above this level, it could, according to analysts, open up for further price increases, potentially up to $150,000 per unit.

At the same time, market experts remind that Bitcoin has historically undergone both sharp rises and deep falls. According to analysis company Tradingview, there are signs suggesting that a correction may be on the way, which could push the price below $107,000. Such a movement would, however, according to the same analysis, be technically driven and expected to be followed by further upswings.

The second-largest cryptocurrency Ether has also shown strength and is currently trading around $2,957, after previously moving up toward $2,998 – the highest level in five months.

Nvidia becomes first company to reach four trillion dollars in market value

The future of AI

Published 10 July 2025
– By Editorial Staff
NVIDIA founder and CEO Jensen Huang presents DGX Spark – the world's smallest AI supercomputer.
2 minute read

Graphics card giant Nvidia made history on Wednesday when the company became the first publicly traded company ever to exceed four trillion dollars in market value. The milestone was reached when the stock rose to $164.42 during trading on July 9.

The California-based tech company has experienced a meteoric rise driven by its dominant position in AI chip manufacturing. Over the past five years, the stock has risen by a full 1,460 percent, while this year’s increase stands at nearly 18 percent.

Nvidia’s success is based on the company’s near-monopolistic control over the market for AI processors. The company’s GPU chips form the backbone of machine learning, data centers, and large language models like ChatGPT.

The company’s chips have become indispensable for tech giants Microsoft, Amazon, Meta, and Alphabet, all of which are investing billions in AI infrastructure. This has made Nvidia one of the main winners in the ongoing AI revolution.

Jensen Huang’s wealth explodes

The stock surge has had a dramatic impact on co-founder and CEO Jensen Huang’s personal wealth. According to Bloomberg estimates, his net worth is now $142 billion, an increase of more than $25 billion this year alone.

Huang owns approximately 3.5 percent of Nvidia, making him the company’s largest individual shareholder. The wealth increase places him among the world’s ten richest people, with his fortune closely tied to Nvidia’s stock price.

Heaviest weight in S&P 500

Nvidia now has the highest weighting in the broad US stock index S&P 500, having surpassed both Apple and Microsoft. The breakthrough has led to optimism for continued growth, with some analysts predicting that the market value could rise further.

Loop Capital’s Ananda Baruah sees Nvidia at the “forefront” of the next “golden wave” for generative AI and estimates that the company could reach a market value of over six trillion dollars within a few years.

Nvidia’s historic success reflects the broader AI euphoria that has gripped financial markets, where investors are betting that artificial intelligence will reshape the entire economy over the coming decades.

Swedish government allocates hundreds of millions to World Bank’s aid fund

Published 3 July 2025
– By Editorial Staff
According to Swedish politician Alexander Dousa, the Swedish aid billions should provide "better conditions for companies to invest, trade, grow and hire in the world's poorest countries".
2 minute read

The Moderate Party-led Swedish government has decided to contribute €730 million to the International Development Association (IDA), the World Bank’s initiative to support low-income countries in the developing world.

The decision, made by the government following a commitment in December last year, means the funds will be disbursed gradually between 2026 and 2034.

According to the government, IDA’s financing model allows each unit of aid funding to leverage between 3.5 and 4 times that amount in loans and grants for recipient countries. The upcoming replenishment of the fund is expected to deliver a total of $100 billion in support to 1.9 billion people across 78 of the world’s poorest countries over the next three years.

– We are currently living in a time characterized by increased economic and geopolitical uncertainty, which particularly affects the world’s low-income countries. Sweden is therefore contributing to a record-breaking replenishment of the fund with a total of 8.2 billion SEK (€730 million), says Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa (Moderate Party) in a press release.

He claims this is an “important investment in the future” – not only for poor countries but also for Sweden.

– Every Swedish aid crown to IDA generates three to four times its value in World Bank lending to support sound economic reforms and better conditions for businesses to invest, trade, grow, and employ people in the world’s poorest countries, it is stated.

“Reliable partnership”

The Swedish government takes pride in continuing to be “one of the most generous donors to IDA” and affirms that the World Bank is an “important partner for Sweden”.

Swedish Minister of Finance Elisabeth Svantesson (Moderate Party), who currently chairs the Development Committee of the World Bank and IMF, the institutions’ highest advisory body on development issues, takes the opportunity to praise the organization.

– The substantial replenishment of IDA demonstrates donors’ confidence in the World Bank as an effective and reliable partner. I am particularly pleased with the institution’s focus on job creation and growth-promoting reforms during this time of global economic uncertainty and low growth.

The International Development Association (IDA) is part of the World Bank and provides grants and concessional loans to the world's poorest countries. Its stated goal is to reduce poverty by financing projects in areas including public administration, education, health, and infrastructure. The allocation of funds is based on each country's needs, capacity, and willingness to implement reforms in economic, social, and institutional areas.

IDA has repeatedly faced criticism for linking its aid to demands for political reforms that are perceived as externally imposed. Critics argue that this undermines national sovereignty and forces governments to implement reforms that lack both popular support and grounding in local needs and priorities.

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