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The 2020 Bentley Continental GT first edition

Mack Hogan | CNBC

Bentley Motors sold a record number of its luxury sedans and SUVs last year as the rest of the auto industry struggled to contain losses from the coronavirus pandemic, the 101-year-old automaker said Tuesday.

The Volkswagen-owned company sold 11,206 vehicles in 2020 – despite a seven-week closure of its plant in England during the height of the Covid-19 pandemic last spring. The company sold 11,006 cars in 2019.

Bentley sells some of the most expensive and rarest cars in the world. Its entry-level SUV, the Bentayga, starts at around $ 180,000 while its most exclusive model, the Mulliner Bacalar, sells for around $ 2 million.

Adrian Hallmark, Bentley CEO, said he was “cautiously optimistic” about business in 2021, “so much remains uncertain,” a press release said. He said last year’s sales record was a “strong gauge” of the company’s potential as it will evolve into an all-electric automaker by 2030.

Sales in America rose 4.2% and remained Bentley’s primary market in 2020. However, the growth resulted from a jump in sales of a whopping 48.5% in China. The two markets accounted for 53% of Bentley’s sales in 2020, according to the company. This offset the sales declines in the UK, Europe and the Middle East in 2020.

Gary Cohn, former President of Goldman Sachs and economic advisor to President Donald Trump, joins IBM as vice chairman.

Cohn announced the move in a tweet Tuesday morning in which he said it was “an honor” to be a member of the company’s board of directors.

IBM shares rose around 1.2% after the news.

CNBC’s Jim Cramer said the announcement was “an exciting move for IBM. Gary can be a change agent.”

In the new role, Cohn will act as advisor to IBM CEO Arvind Krishna, who took over the company in April with a promise to expand its reach into artificial intelligence and cloud computing.

That could make Cohn an unusual choice, given that his experience is mostly in finance and economics. He served Goldman as chairman and chief operating officer for nearly 11 years before accepting Trump’s appointment as director of the National Economic Council.

While at the White House, he helped Shepherds through the record tax cut package in 2017, but later ran into conflict with the president. He left the advisory position in April 2018 and was replaced by former CNBC host Larry Kudlow.

After returning to the private sector, Cohn soon entered the venture capital space and co-founded Cohn Robbins Holding Corp. with Cliff Robbins. Despite accepting the position at IBM, Cohn said he would continue to work with Robbins.

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The medical staff will receive the Pfizer-Biontech Covid-19 coronavirus vaccine in the Favoriten Clinic in Vienna on December 27, 2020 on the occasion of the launch of the Pfizer-BioNTech Covid-19 coronavirus vaccine.

Georg Hochmuth | AFP | Getty Images

The UK’s decision to delay the administration of the second dose of a coronavirus vaccine is controversial as experts, advisors and vaccine manufacturers weigh the strategy.

The UK was one of the first countries in the world to launch a mass vaccination campaign against the coronavirus after approving the Covid-19 vaccine developed by Pfizer and BioNTech in early December. Oxford University and AstraZeneca began rolling out the vaccine on Monday of this week after it was approved for use just before the New Year.

As both vaccines require two doses per person, the UK government initially said that a second dose would be given either three or four weeks after the first dose, depending on which vaccine was given and in line with the dosage regimens tested in clinical trials.

However, a break of up to 12 weeks is now recommended to give more people an initial dose – and initial protection against Covid-19.

Concerns from the vaccine manufacturer

BioNTech and Pfizer have responded to the decision, saying there is no evidence that their vaccine will continue to protect against Covid-19 if the second shot is given more than 21 days after the starting dose.

“Pfizer and BioNTech’s Phase 3 study of the COVID-19 vaccine was designed to evaluate the safety and efficacy of the vaccine on a 2-dose regimen separated by 21 days. The safety and efficacy The majority of study participants received the second dose within the window specified in the study design, “the companies said in a statement to CNBC on Tuesday.

“Although data from the Phase 3 study showed partial protection from the vaccine as early as 12 days after the first dose, there is no data to show that protection is maintained after 21 days after the first dose.”

The companies said it was now “critical to conduct surveillance efforts” with alternative dosing schedules in place.

The final analysis of data from the Pfizer / BioNTech clinical trials found the vaccine to be 95% effective given seven days after the second dose in preventing Covid-19.

For the Oxford University / AstraZeneca candidate, the interim analysis of the late-stage study results was somewhat more nuanced, as the vaccine doses to the study participants showed an anomaly. When the vaccine was given in two full doses, it was found to be 62.1% effective, but when some study participants received half a dose followed by a full dose of 90%. In both dosing regimens, the two shots were given one month apart. AstraZeneca was not immediately available for comment on the UK’s decision to postpone the second dose.

Reasons for the decision

The decision to extend the dosage window is made as UK hospitals struggle with increasing admissions. The coronavirus is running amok in the UK, with a new, transmissible strain of the virus spreading exponentially in London and the South East, and now appearing in other parts of the country.

To date, the country has recorded over 2.6 million cases of coronavirus and more than 75,000 deaths, according to Johns Hopkins University. The UK recorded 58,784 new cases on Monday and has now reported more than 50,000 new coronavirus cases for seven days in a row. On Monday, British Prime Minister Boris Johnson announced a third nationwide lockdown for England.

Against this dire backdrop, the UK Medicines Agency, Joint Vaccination and Immunization Committee and the UK’s four chief medical officers agreed to move the gap between the first and second vaccine dose to “protect the greatest number of people in India” the shortest Time. “

There are signs that other Britain may follow suit. The German Ministry of Health is now asking an independent vaccination commission for advice on whether the British strategy on dose delay should be adhered to. Denmark has reportedly already approved a delay of up to six weeks between the first and second vaccinations.

‘Finely balanced’

So far, more than a million people in the UK have been vaccinated with the Pfizer / BioNTech vaccine, according to government figures, and some, like the first recipient of this vaccine outside of a clinical trial, have received their second dose.

But now, thousands of others in the top priority category are being told to wait up to 12 weeks for their second dose.

The British Medical Association described the move as “grossly unfair” to thousands of high-risk patients in England, but the UK’s Independent Scientific Advisory Group on Emergencies (SAGE) said in a statement released on Sunday that it was a “very difficult and finely balanced” move be decision. “

In response to the BMA’s concerns, SAGE said, “Under normal circumstances, we would advocate continuing our previous plans to give two doses of the Pfizer BioNTech vaccine 21 days apart. However, these are not normal circumstances, and so it is are other important public health considerations. “

The UK is prioritizing vaccination of elderly care home residents, their carers, people over 80, and frontline health and social workers.

The country has pre-ordered 40 million doses of the Pfizer / BioNTech vaccine, enough for 20 million people, and signed a contract with AstraZeneca for 100 million doses, enough for 50 million people. There are around 66 million people in Great Britain.

VMware is committed to achieving gender equality as part of its list of goals to achieve this decade, COO Sanjay Poonen told CNBC’s Jim Cramer on Monday.

The cloud computing and virtualization software company has set 30 goals to be met by 2030 and it is one of the most important initiatives to address workforce composition.

“We want more diversity in the workplace. We are committed to ensuring that 50% of our managers are women,” he said in an interview with “Mad Money”.

VMware, a global company that offers services to connect apps to data from anywhere, employs 31,000 people, according to FactSet. According to the most recent figures released in January 2020, 74% of VMware’s workforce is male and nearly 26% female. The leadership roles in the company reflect the gender gap. Around 24% of these positions go to women and almost 76% to men.

The racial split of VMware’s US workforce is even worse: only 3% of roles are occupied by African Americans, 5.8% by Hispanic or Latin American workers, and 31% by Asians. The figures for management positions are 1.5%, 3.8% and 26%, respectively.

Workforce diversity became a hot topic again in 2020 following protests against the widespread murders of black Americans like George Floyd and Breonna Taylor, which rocked the nation amid a global pandemic.

“We want to hire a woman for every man we hire and really see a more diverse workforce with underrepresented minorities and women,” Poonen said.

VMware stock was down 1.1% on Monday, the first day of trading of the new year, to $ 138.68. Shares were down 7.6% in 2020, ending the year at $ 140.26.