GlobalFoundries Inks Deal to Boost Chip Supply to Ford as Shortages Bite
Chip manufacturer GlobalFoundries Inc has agreed to work together with Ford Motor Co. to boost chip supply to the automaker, according to the company’s press release. The non-binding agreement involves...
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CONE Stock Soars Nearly 5% On the Take-Private Deal With GIP and KKR
Investment firm KKR & Co. Inc and Global Infrastructure Partners agreed to acquire CyrusOne Inc for nearly $15B, according to a report by Markets Insider on Monday. The agreed $90.50...
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Shell Moves Tax Base to UK and Discards Dual Share Structure
Royal Dutch Shell Plc. announced a huge revamp of its legal and tax structure that will see the firm move away from the Netherlands, according to a report by Bloomberg...
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Elon Musk Sells More Tesla Shares Worth Around $700 Million
Billionaire Elon Musk sold more shares valued at nearly $700M, as the Tesla boss capitalizes on the company’s rally past $1T, according to a report by Reuters on Friday. The...
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AstraZeneca to Start Making Profits from COVID-19 Vaccine in 2022
Anglo-Swedish pharmaceutical firm AstraZeneca will start to price its COVID-19 vaccine to make it profitable starting next year, the company announced. AstraZeneca said it will move away from its nonprofit...
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Xpeng Shares Jump Double Digits on Sneak Peek of New SUV
Chinese carmaker Xpeng Inc. saw a double-digit jump after releasing a sneak peek of its new sports utility vehicle scheduled to be officially launched next week, CNBC reported. The latest...
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Toshiba Lines Up a Split into Three Firms, Rejects Proposal to Go Private
An aggressive plan to divide Toshiba into three companies set Japan’s Oldest conglomerate on a new clash course with investors, according to a report by Financial Times on Friday. A...
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Didi Plans to Relaunch Apps as Investigation Nears End-Reuters
Didi Global is to relaunch its apps in China by the end of the year in the prospect of the probe into the company coming to an end, according to...
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Musk Sells $5Bln in Tesla Stock After Twitter Poll
Tesla CEO Elon Musk disposed of nearly $5 billion in shares just days after he polled Twitter users on the sale of 10% of his stake, according to a report...
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European Union General Court Upholds 2017 Antitrust Ruling Against Google
Tech giant Google was hit by another blow after the European Union upheld an earlier ruling that fined the firm $2.8 billion for antitrust issues, CNBC reported. The General Court...
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How Tesla Share Sale Provides Musk With Sizable Liquidity Infusion
Tesla Chief Executive Officer Elon Musk is set to raise some $17 billion from the sale of his 10% personal holdings in the company to help avoid the payment of...
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Valneva Surges Over 20% After Signing EU Deal to Supply 60 Million Doses
French vaccines company Valneva stock price soars over 20% after getting EU approval and signing a 2-year deal to supply its vaccine, according to a report by Reuters on Wednesday....
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