Newsletter: January - Week 2


New Vietnamese billionaire business people of 2017 [ENTRY]

Pham Nhat Vuong and Trinh Van Quyet are famous names of Vietnamese billionaires. In 2017, some business people emerged as new billionaires such as Nguyen Thi Phuong Thao (CEO of Vietjet Air), Ngo Chi Dung (president of VP Bank).

Their family also has become the richest families in Vietnam. The first position is Pham Nhat Vuong (president of Vingroup), the second is Trinh Van Quyet (FLC), the third is Tran Dinh Long (Hoa Phat Group) and the fourth is Ngo Chi Dung.

New words:

1.     Billionaire (noun): tỉ phú đô la

2.     Business people: những nhàdoanh nhân

3.     Famous names: những cái tên nổi tiếng

4.     Emerge (verb): nổi lên

5.     CEO: tổng giám đốc (giám đốc điều hành)

6.     President: chủ tịch

7.     Rich – richer – richest (adjective): giàu – giàu hơn – giàu nhất

8.     Position (noun): vị trí

Source: Vietnamnet English

Chocolate could run out in 2020 [BASIC]

According to Angus Kennedy – editor of industry bible Kennedy’s Confection magazine, chocolate could be used up in 2020 due to the worldwide shortage of cocoa. Cocoa beans and milk powder have increased by 63% and 20% in price respectively since 2016.

In the future, they will create a new kind of chocolate what will be “much sweeter as sugar is the cheaper ingredient and can be used to hide the fact that there is less cocoa powder”. He also says that “Cocoa Butter and cocoa are the most expensive ingredient in the product and will be replaced with the cheaper ingredient like raisins and nougat”. The new chocolate will be “more bendy and sludgy in texture.”

New words:

1.     Run out = use up: Cạn kiệt (hết nguồn dự trữ)

2.     Shortage of something: thiếu hụt

3.     Ingredient (noun): nguyên liệu

4.     Bendy (adjective): mềm dẻo

5.     Sludgy (adjective): đặc quánh

Source: Mirror UK

Biotech CEO Turned Failed Sanofi Drug Into Multibillion Deal [BUSINESS]

In April 2016, John Hood went and told his wife that he had put down a quarter million dollars of their money to try and buy back a drug he’d helped invent, after it had failed in the hands of French drugmaker Sanofi.

There was a catch: Hood had 120 days to find $5 million more to close the deal. If he didn’t, his down payment would be forfeit. “Are you mad at me?” he asked.

Hood got the money from venture capital firm Medicxi Ventures Inc., his wife wasn’t angry, and on Sunday, nearly two years later, Celgene Corp. announced a deal to buy Hood’s company Impact Biomedicines Inc. and the drug for $1.1 billion in cash.

The deal with Celgene came together over 18 sleepless days, Hood said, after an initial contact in October. Among the hardest decisions was whether Impact should have held onto the drug, called fedratinib, and marketed the treatment itself. The company was ready to hire a commercial team this month, Hood said. The drug is being developed for the treatment of myelofibrosis, a bone marrow cancer.

“You have no idea how many times we debated that question,” Hood said in an interview at the J.P. Morgan Healthcare Conference in San Francisco. “We could have launched it.”

Source: Bloomberg 

ENTERTAINMENT – Film “The greatest showman”

It is a 2017 American movie about historical period drama musical. The Greatest Showman is inspired by the story of P.T.Barnum who created the Barnum & Bailey Circus and the lives of its star attractions. The movie has many controversial reviews with positive ones for the cast, music and production value and negative ones for the artistic license. The Greatest Showman has received three nominations – Best Motion Picture, Best Actor, Best Original Song at 75th Golden Globe Awards. 

FUN – Happiness is ….

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