Dear members, partners & friends,
if you are here in Massachusetts, we hope you are enjoying the beautiful weather leading into the long Memorial Day weekend. We have officially entered
Phase 1 of reopening Massachusetts, with long ways to go. In Germany, many of you may be taking advantage of a "Brückentag" today and flocking to restaurants, beer gardens and stores that are open for business again.
Quick reminder: Register for our
Supply Chain event
on Wed May 27th -- it's going to be an interesting hour!
And while your grocery expenses may have gone through the roof, they really don't make up for what we are NOT spending any money on. Our
poll results
from last week support what
J.P. Morgan
confirms: Credit Card spending has fallen 40% by the end of March already. Read their full
houshold spending report
here
.
As to this week's poll, we are wondering about
productivity working from home vs. office
-
vote
!
Our newsletter is shorter today -- we will be back with more news next week.
Stay healthy.
Emily Westhoven
Executive Director
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This poll will close on May 28th at noon. We will publish the results in the next newsletter.
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How the does MilliporeSigma manage the global production and supply chain amidst this pandemic?
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Chris Ross
, Head of Integrated Supply Chain Operations at MilliporeSigma, will talk through the importance of managing a global supply chain to assure critical products are available in the fight against COVID-19. The life science business of Merck KGaA, Darmstadt, Germany is supporting projects critical in slowing the progression of COVID-19 and treating people in the future with products and solutions for more than 45 different vaccines, more than 25 testing solutions, and more than 20 monoclonal antibodies, plasma products and antivirals.
Moderating this conversation with Chris Ross will be
David J. Womelsdorf, Senior Partner, Americas Industry Market Leader, Health Science & Wellness at Ernst & Young.
Date
:
Wednesday, May 27th
Time
: 2PM to 3PM ET -- via ZOOM
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The June Stammtisch Goes Zoom!
The Young Professionals return with their monthly Stammtisch
via Zoom. This time, they are planning a special edition that includes virtual Google map tours through your home town or a favorite place that you would like to share.
Sit back, relax and zoom with the YPs -- everyone welcome!
Please register to receive a confirmation email with the Zoom link prior to the Stammtisch.
Date
:
Tuesday, June 9
Time
: 7PM to 8PM
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This past Wednesday, Angelica Carr presented an approach of how to survive and thrive through Covid-19 -- with a specific focus on founders and investors. This webinar was a collaboration with
SACC-NE,
FACCNE and
Swissnex.
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Translating Washington for Germany
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May 20 Newsletter:
European Commissioner Phil Hogan is also seeking to recast the current trade talks with the United States as a “
transatlantic agenda for recovery
,” which would include resolving the dispute over aircraft subsidies (to focus on
competing against China
), resolving outstanding issues over tariffs, as well as establishing joint reserves of medical equipment for current and future pandemic response. ”<<
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In the News | Pressespiegel
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Mass. unemployment rate hit 15% in April
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"The state’s unemployment rate rose to 15.1% in April after Massachusetts lost an estimated 623,000 jobs in a single month due to the Covid-19 pandemic, according to data published Friday."
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Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’
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The path to recovery is not obvious as the economy and job market absorb the biggest shock in generations. Against that backdrop, several said, both Fed policymakers and those in Congress and the White House should be prepared to do more if needed."
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Die Pandemie im Überblick
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Die Maßnahmen zur Eindämmung des Coronavirus werden gelockert – aber in welche Länder darf man nun wieder reisen? Und was gilt in den verschiedenen Bundesländern? Karten und Diagramme geben einen Überblick.
."
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Coronavirus: France, Germany propose €500 billion recovery fund
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Under the proposal, the funds would be given as grants to hardest-hit sectors and regions in the EU. The 27 EU countries would also borrow together on financial markets to raise the funds. The proposed €500 billion in grants would be in addition to the 2021-2027 EU budget that is close to €1 trillion for this period.
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Our Annual Supporters -Thank you!
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GERMAN-AMERICAN BUSINESS COUNCIL of BOSTON
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