Apple Scores Victory in Monopoly Case Appeal
American tech giant Apple Inc. scored a victory in its appeal to delay implementation of a federal judge’s order to adjust its App Store, the WSJ reported. The Ninth US...
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Italy Slaps Amazon With Historic 1.13B Euro Fine for Supposed Market Dominance Abuse
Italy’s competition watchdog has slapped American retailer Amazon with a historic 1.13 billion euro fine for its supposed market dominance abuse, Reuters reported. The Italian watchdog said it found Amazon...
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AstraZeneca’s COVID-19 Antibody Therapy Scores US EUA
AstraZeneca’s antibody therapy for COVID-19 has secured an emergency use authorization (EUA) in the United States for pre-exposure prevention of COVID-19, the company announced in a statement. AstraZeneca said its...
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Crypto in Line for Major Correction, Poll Reveals
Cryptocurrencies are in line to be the “top contender” for a “major correction” next year, according to results of a recent survey of Natixis Investment Managers reported on Bloomberg. Nearly...
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Tesla’s China-Made Vehicle Sales Slip in November
American carmaker Tesla Inc. saw a decline in sales of China-made units in November, according to China Passenger Car Association (CPCA) data reported on Reuters. The monthly sales of China-made...
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Early Data Reveals Pfizer Vaccine Less Effective Against Omicron Variant
The Pfizer-BioNTech Covid-19 vaccine was observed to be less effective against the severely mutated Omicron variant, according to a report by NBC News on Wednesday. Researchers from the Africa Health...
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Chinese Social Media Giant Weibo’s Share Plunges 7.2% in Hong Kong Market Debut
The shares of Weibo Corp. dropped in their Hong Kong debut, indicating continued investor concern towards the internet sector, according to a report by Bloomberg on Wednesday. Weibo plunged 7.2%...
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Tesla’s Musk Hits Planned Federal Spending for Electric Vehicle Industry
Tesla Chief Executive Officer Elon Musk has denounced a planned measure that encourages federal spending to boost the adoption of electric vehicles, WSJ reported. In a virtual briefing, Musk said...
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Citigroup Chooses Preferred Bidders for More Than $3B in Asian Sales
Citigroup Inc. picks favorites for its consumer assets in Asia as the U.S. lender progress with plans to divest its numerous units, according to a report by Bloomberg on Tuesday....
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Nasdaq to Exceed Rival NYSE in IPOs This Year
Nasdaq Inc. is set to overtake its biggest competition New York Stock Exchange, in terms of initial public offerings this year, according to a Reuters report. Nasdaq has so far...
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Saudi Aramco, BlackRock-Led Consortium Signs $15.5B Gas Pipeline Deal
Saudi Aramco agrees on a deal to sell a 49% stake in its natural gas pipeline unit to a group led by BlackRock $15.5B, according to a report by Seeking...
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Shares of Tesla Falls 3.13% on SEC Probe Over Whistleblower Claims on Solar Panel Defects
The U.S. Securities and Exchange Commission is investigating Tesla after a whistleblower complaint, according to a report by Seeking Alpha on Monday. The whistleblower claimed that the company failed to...
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