The US to Blacklist 8 Chinese Firms for Supposed Surveillance of Uyghur Muslim Community
The United States government is set to blacklist another eight Chinese firms due to their supposed involvement in surveillance activities of the Uyghur Muslim minority, FT reported. Among the firms...
Read more
Berkshire Hathaway Stake in Apple Is Now Over 50% of Its Equity Portfolio
Berkshire Hathaway’s stake in tech giant Apple Inc. has soared by over 300% from its original value to make it over half of the investment firm’s equity portfolio, Business Insider...
Read more
Entegris to Buy CMC Materials in $6.5B Cash, Stock Arrangement
Entegris Inc will acquire the supplier of materials CMC materials in a cash-and-stock deal valued at nearly $6.5B, according to a press release by Entegris Inc on Wednesday. CMC Materials...
Read more
Pfizer’s Covid-19 Pill 89% Effective at Reducing Hospitalization and Death
Initial laboratory tests presented encouraging signs that Pfizer Inc.’s experimental Covid-19 pill is effective against Omicron, according to a press release by Pfizer Inc on Tuesday. Pfizer stated that a...
Read more
Neogen to Merge With 3M Food Safety Business in $5.3 Bln Transaction
International food safety firm Neogen Corp. has entered into an agreement to merge with 3M’s Food Safety business in a $5.3 billion transaction, the firm announced in a statement. Neogen...
Read more
Toyota to Invest $70 Billion in Electrifying Its Vehicles by 2030
Toyota Motor Corp pledged 8 trillion yen ($70B) to electrify its automobiles by 2030, as it makes entry to the zero-emissions cars, according to a report by Reuters on Tuesday....
Read more
Harley-Davidson Inc. Soars on $1.77B SPAC Deal for its Electric-Motorcycle Unit
Shares of Harley-Davidson Inc. rose more than 10% on Monday on listing plans for its electric-motorcycle division through a blank-cheque company, according to Reuters. The deal, valued at $1.77 billion,...
Read more
Pfizer to Buy Drug Developer Arena Pharmaceuticals for $6.7 Billion
Pfizer Inc acquires drug developer Arena Pharmaceuticals for $6.7B in cash, adding a prospective treatment for intestine diseases, according to a report by Reuters on Monday. The $100 per share...
Read more
Share Buybacks Soar to Record, More Companies Are Joining the Wave
Buybacks rebound with companies in the S&P 500 having repurchased record $234.5B in shares in Q3, according to a report by The Wall Street Journal on Sunday. The surge in...
Read more
American Executives Record Historic Share Sales in 2021
Officials of major American firms are unloading their stock holdings at historic levels ahead of possible adjustments in US tax regulations, WSJ reported. Data from InsiderScore found that a total...
Read more
Meta Develops New AI System to Combat Harmful Content
Meta has developed an artificial intelligence technology that can adjust faster to new types of harmful content such as posts against COVID-19 vaccinations, CNet reported. With the Few-Shot Learner technology,...
Read more
Fitch Downgrades Evergrande to ‘Restricted Default’ After Missed Overseas Payment
Fitch becomes the first rating agency to declare that Evergrande’s foreign bonds are in default after the developer failed to make payment, according to a report by FT on Thursday....
Read more
