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Novartis, US agree to malaria drug trial against COVID-19

SWISS drugmaker Novartis on Monday (20) reached an agreement with the US regulators to hold a randomised trial of generic malaria drug hydroxychloroquine against COVID-19 disease in 440 hospitalised patients.

The decades-old medicine has received US Food and Drug Administration (FDA) emergency use authorisation for COVID-19 disease, but so far there is no scientific proof it helps those afflicted.


"We recognise the importance of answering the scientific question of whether hydroxychloroquine will be beneficial for patients with COVID-19 disease,” said John Tsai, Novartis's top drug developer.

The drug, also used to treat lupus and rheumatoid arthritis, has been promoted by president Donald Trump, with some worried the administration's advocacy for an unproven medicine for COVID-19 has short-circuited the oversight process.

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British Petroleum (BP)

Government plans to raise more revenue by closing overseas tax loopholes

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BP pays £1.2bn in UK taxes as government moves to close oil sector loopholes

  • BP says it paid £1.2 billion in UK taxes during 2025.
  • Government plans to raise more revenue by closing overseas tax loopholes.
  • Debate intensifies over North Sea investment and Britain's energy future.

BP has revealed it paid £1.2 billion in UK taxes during 2025, placing the oil giant at the centre of a growing debate over how Britain taxes energy companies at a time of rising profits, changing energy policies and mounting pressure on public finances.

The disclosure comes as the government moves to tighten tax rules affecting oil and gas firms, including changes designed to prevent companies from reducing their UK tax liabilities through overseas corporate structures. The plans are expected to raise hundreds of millions of pounds and have renewed attention on the contribution major energy companies make to the UK economy.

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