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• US biotech giant Pfizer is in talks to acquire cancer drugmaker Seagen in a potential multi-billion dollar deal, the Wall Street Journal reported, the latest potential deal for a big drug company aimed at adding a promising class of targeted cancer therapies. Seagen has a market value of some $30 billion and would be expected to command a premium over that. The deal, if it happens, would also need to overcome the potential for a stringent antitrust review.
28 Şub 2023
• Twitter is offering free ad space to brands that advertise on its platform in a bid to woo brands back to the social media platform, the Wall Street Journal reported on Friday. Twitter is offering to match advertisers' ad spending up to $250,000 (€230k), the report said. The company’s ad business deteriorated after Elon Musk’s takeover. via WSJ In other news: Former employees who were laid off by Twitter won’t be able to pursue claims against the company vi...Devamını Oku
16 Oca 2023
• Credit Suisse Group may receive an around $500 million investment in the lender’s CS First Boston spinout from Saudi Arabia’s Crown Prince Mohammed bin Salman, the Wall Street Journal reported. Other investors could include former Barclays chief executive Bob Diamond’s Atlas Merchant Capital, according to the report. via WSJ A step back: The Saudi National Bank, 37% owned by the nation’s sovereign wealth fund, is already an anchor investor in Credit Suisse’...Devamını Oku
06 Ara 2022
• Amazon is set to cut costs by redeploying staff from unprofitable units to better-performing areas following a months-long review of its business, the Wall Street Journal reported on Thursday, sending its shares up 11%. The devices unit —which houses the voice assistant Alexa— is under close evaluation after it posted an operating loss of more than $5 billion a year, according to the report. Amazon
11 Kas 2022
• Meta is preparing for large-scale layoffs this week and is expected to notify employees as soon as Wednesday, the Wall Street Journal reported. The layoffs can affect many thousands of employees, in what could be the largest job cuts in the tech industry following their rapid growth during the pandemic.
08 Kas 2022
• Triller launched its new metaverse platform, Metaverz, which the short-video company said will provide virtual spaces where users can gather to watch live music and sporting events, such as Bare Knuckle Fighting Championship or the Triller Fight Club, and interact with artists and other fans. Its first event will take place on Oct. 22 with DJ Sam Feldt performing an electronic set. Triller A step back: Triller's Metaverz will compete with deeper-resourced r...Devamını Oku
18 Eki 2022
• Electric pickup manufacturer Rivian is laying off 6% of its workforce to ramp up production without raising more funds, according to the Wall Street Journal. The company had to cut its production forecast in half to 25,000 in 2022 as it is struggling with revenues despite being one of the best-funded electric vehicle startups with investors like Ford and Amazon.
29 Tem 2022
• Volkswagen is looking to revive its off-road vehicle brand Scout as an electric vehicle, the Wall Street Journal reported, noting that the rebranding would push both an electric sport-utility vehicle and an electric pickup truck on the market. Looking ahead: The newly-branded Scout vehicles are expected to be in production by 2026, and VW forecasts annual sales of 250,000 units in the US.
12 May 2022
• Google offered to remove Google News Showcase content from Germany’s search results in an attempt to end a competition investigation started by Germany’s antitrust watchdog in June over a concern that Google’s deal-making power could favor some news providers over others in the market, creating an unfair advantage over competitions. The watchdog’s investigation will now consult with news publishers to assess Google’s proposal. What is Google News Showcase: The pla...Devamını Oku
13 Oca 2022