U.S. research institution creates biotech joint venture at Mariel

Source : Johannes Werner Wed Sep 26, 03:35 pm EST
While the small Roswell Park biotech joint venture is neither the first U.S. venture at Mariel, and commercialization of the drug is — at best — years and hundreds of millions of dollars worth of testing away, its creation is significant. Innovative Immunotherapy Alliance S.A. is not only the first U.S.-Cuban biotech joint venture, but it is taking shape amid tightening U.S. sanctions. Previous Top Stories

Economy

U.S. food export conference planned for Havana

The event is scheduled a couple of days after the U.S. midterm elections, which may tilt Congress towards U.S.-Cuba normalization Cuba opens railroads to private operators
In test run, ETECSA grants one day of free Internet via mobile phone
Cuba tries to streamline foreign investment applications
Havana Times: Cuba may have a new rationing program
Prensa Latina: Cuba will build biomass power plant, wind park with loand from India
Reuters: Cuban agriculture faces another hard year as produce sales drop
Reuters: Venezuela resumes domestic crude oil exports to Cuba

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Companies

First 'Cuban' IPO raises $39m

Ceiba investments becomes the first publicly trade stock that is pure-play Cuban Chinese oil company may drill in Cuba under farmout deal
Glassmaking joint venture gets approval for $90m Mariel plant
Event to launch France-based Cuba business group
Dallas Business Journal: Southwest Airlines balks at American Airlines' new idea for Cuba routes
Seatrade Cruise: Regent delves deeper with two immersive Cuba cruises
Basball America: Cuba baseball expert Peter Bjarkman remembered for his passion
Miami Herald: American Airlines plans daily service from Miami to Santiago

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Politics

U.S. fines JPMorgan

In the first larger Cuba-related enforcement action yet under the Trump administration, JPMorgan Chase Bank settled alleged violations of U.S. sanctions against Iran and Cuba by paying $5.263 million to the Office of Foreign Asset Controls (OFAC). State Department lowers Cuba travel warning one notch
Analysis: Riding the U.S.-Cuba roller coaster under Trump
New president uses light touch to form his cabinet
Miami Herald: Cuba hardliner to be elevated to key Latin America post
Miami Herald: This Florida murder case was tried in Cuba. And local prosecutors got to watch
Reuters: U.S. embassy cuts hobble influence in Cuba — report
Miami Herald: Report details impact of a stripped-down U.S. embassy in Havana

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LIFESTYLES

Tony Zamora, 1941-2018

Tony Zamora, a shareholder of Cuba Media LLC which publishes Cuba Standard, passed away in June, after losing his battle with cancer LaHabana.com: The anniversary issue

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BLOG TICKER

Cuba Central: It was only a year ago…
Cuba Trade magazine: No easy fixes for Cuba's water accessibility woes
Generation Y: Absence means forgetting
Havana Times: The reform process, what's changed?
Prensa Latina: Cuba will build biomass power plant, wind park with loan from India
Progreso Weekly: To grow old in Cuba, preserve your wings

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Data & Maps

Cuba’s crude oil and natural gas output has practically been stagnating since 2003. In fact, production of oil fields in the old Havana province (now Mayabeque province), including those of Guanabo, Boca de Jaruco, Santa Cruz and Puerto Escondido, decreased by one-third (-32.1%) over the past 10 years, from a record 1.87 million tons of oil, or 32,350 b/d*. Meanwhile, yields in Matanzas province helped offset the decline in Havana/Mayabeque. Oil output at the Seboruco, Varadero-Cárdenas, Cantel and Majaguillar fields grew by one-third (34.4%) in the same period, to a record 1.54 million tons or 26,670 b/d in 2015.

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Hurricane Irma: Costlier than record storm Ike

Assessing the damage two weeks after the storm, official daily Granma said “it wouldn’t be surprising if the cost exceeds that of Ike in 2008, the most destructive hurricane in this century, which was estimated at 7.325 billion pesos”. Today, this figure would be equivalent to 9% of Cuba’s Gross Domestic Product in 2014, or one-fifth of all tax income collected by the government in 2016.

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Cuba's water crisis: It's not all due to climate change

Cuba has one of the largest water reservoir systems in the Hemisphere, per capita and territory. Conceived for a planned economy that no longer exists, Cuba’s current water reservoirs largely exceed the needs of the country. Ironically, there is a chronic water deficit for consumers and in almost every economic sector.

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