Daniel Sammartino can be considered a serial entrepreneur. After a long stint at Techint, where he served as CEO of Techint Engineering and Construction, this gold-medal and Harvard-educated civil engineer created Kheiron with a group of investors. He is the world leader in horse cloning. And now with ProinPharma and together with a group of scientists he has developed a platform based on messenger RNA, ribonucleic acid, which is the only genetic material of some viruses. This is how they obtained a vaccine against Covid-19 in its various expressions that is unique in Latin America. The start-up has already verified the results in the immune response of mice that created neutralizing antibodies against the virus. These antibodies are responsible for blocking the virus from entering cells, providing protection to the vaccinated individual. The young company has other developments. These include a worldwide patent-pending dengue vaccine and another flu vaccine. In the meantime, it is looking for strategic partners to pass the testing and authorization periods, as well as essential clinical trials in humans, which require investments of millions. The ProinPharma establishments, at the cutting edge of technology judging by their level of equipment, are located in the Monte Castro district, in the City. The current investment group led by Sammartino is the same one that owns, among others, the Dos Lagos Villas & Marinas real estate complex in Villa la Angostura and the Sophiania and SuperUco wineries.
The ART Union has warned about rising interest rates in labor lawsuits. It is that a decision of the National Chamber of Labor Appeals (CNAT) has changed the form of application of the interest rates that until last September were used in those processes, both for accidents at work and for dismissals or fines. They ensure that the current mechanism multiplies the costs. This change in tariffs was part of the agenda of the legal actions against Sergio Massa last Thursday at the UIA conference. There they told him that a lawsuit filed in 2015 over a claim of, say, $100,000 would now pay $3,023,000. “Had this figure been updated due to wage developments or inflation, the final value would be approximately $1,945,000,” they told him. The minister’s response was not disclosed.
Fernando Landa, engineer by profession and president of the Chamber of Exporters (CERA) raised a more than worrying scenario for the port of Buenos Aires and for the Buenos Aires-Dock Sud complex which handles over 80% of the containers entering and leaving the country by water. According to Landa, the current limitation of the draft of the port, of 10.05 meters, and the trend of the new ships, “lead to question the current trajectory of the port of Buenos Aires, which leads to its complete transformation into a feeders of other ports in the region. In other words, it forces transhipments and this will be associated with lower export volumes. “Any additional transhipment with a trading partner is linked to 40% lower bilateral exports,” he predicted.
A survey by consulting firm KPMG, one of the global big four among Argentine CEOs, has attracted attention for its results. There it is stated that “they have the confidence to grow despite the difficult context that is being experienced internally and the continuous geopolitical threats in the world. The level of confidence in growth remains high and leaders foresee expansion for the next three years”. 94% trust the growth prospects of their company and the country. That improvement is 2 points higher than last year’s survey and is 3 points higher than the weighting of its South American counterparts and 9 points higher than the global results. In relation to trust in the country, the Argentine figure exceeds 88% in South America and 85% globally. KPMG executives attribute this to CEOs trusting a policy shift in 2023.
The deployment of Jumeirah Hotels and Resorts caused astonishment, the luxury multinational of Dubai Holding, to attract Argentine tourists to its chain. The receptions offered at the Four Seasons Mansion coincided with the introduction of the Qatari dollar, which makes spending abroad more expensive. But for the group’s senior leadership team, the high-end guests they receive from Argentina are “more about the event to be celebrated than the expenses to be faced”. Latin America accounted for 7% of tourist arrivals in Dubai this year and is the country that has grown the most, led by Brazilians, Mexicans, Colombians and Argentines. Jumeirah Hotels can be found in Dubai, London, Capri, the Maldives and various countries in Asia, including China. When asked about a possible landing, they said they are analyzing Patagonia.
Source: Clarin
