Gilead Sciences, Inc. [NASDAQ: GILD] has started the human testing of the inhaled version of coronavirus drug remdesivir. The company aimed to make the treatment possible which not involve hospitalization. FDA has given an emergency authorization to Gilead Sciences, Inc. for the use of investigational drug remdesivir for the treatment of COVID-19 in May. According …
Amazon. com, Inc [NASDAQ: AMZN] announced it has invested $308 million (23.10 billion rupees) in its Indian unit, Amazon Seller Services. Amazon aimed to strengthen the business of Amazon Seller in the time of pandemic when people preferred to shop online. Due to the coronavirus pandemic, the company’s India unit saw a surge in online …
Amazon Inc. [NASDAQ: AMZN] Invest $308 Million In Amazon Seller Services Read More »
The Allstate Corp. [NYSE: ALL] has agreed to buy National General Holdings Corp. for about $4 billion in cash or $34.50 per shares. The deal is anticipated to close in early 2021. The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%. National General offers a …
Allstate Corp. [NYSE: ALL] Scoops Up National General Holdings Corp. For $4 Billion Read More »
Uber Technologies Inc. [NYSE: UBER] confirmed its deal to acquire Postmates Inc. on Monday for $2.56 billion in stock. Earlier, the news that Uber has decided to acquire Postmates was circulating on the internet. Today Uber confirmed the news that it has struck deal with Postmates Inc. Like other transportation businesses, the ride hailing business …
Uber Inc. [NYSE: UBER] Confirms Deal To Buy Postmates Inc. For $2.65 Billion Read More »
Dominion Energy Inc. and Duke Energy Corp. annuounced that they have decided to cancel the $8 billion Atlantic Coast Pipeline project. Both the companies declared that the cost of project initially estimated at $4.5 to $5.0 billion but later its cost increased to $8 billion. Despite a favorable US Supreme Court ruling in June, the …
Facebook Inc. [NASDAQ: FB] has decided to close two of its apps named Lasso which is similar to TikTok. It allows users to create and make short videos. While Hobbi is similar to Pinterest [NYSE: PINS] which allows users to collect images and ideas related to their hobbies. The decision to close the two apps …
Facebook Inc. [NASDAQ: FB] Plans To Close Lasso And Hobbi Read More »
The Securities and Exchange Commission declared today that pharmaceutical company Alexion Pharmaceutical, Inc. [NASDAQ: ALXN] has accepted that it will pay $21 million to resolve the SEC charges. Alexion has violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). According to charges, two subsidiaries of Alexion Inc. …
Alexion, Inc. [NASDAQ: ALXN] Agrees To Pay $21 Million To Resolve SEC Charges Read More »
CEO of Ryanair Holdings Plc, Michael O’Leary, announced Wednesday that Irish airline has decided to cut 3,500 jobs if it cannot make the decision of staff pay cuts. Earlier, it has lowered more than 250 staff from its office around Europe. It was also planning to reduce upto 3,000 of its pilots and cabin staff. …
Ryanair [NASDAQ: RYAAY] Plans To Reduce 3, 500 Jobs If Pay Cuts Not Decided Read More »
Wirecard AG [WDI.DE] resumed its operations after FCA of UK provide an authorization to Wirecard to re-start payment & e-money services. FCA has ceased the functions of Wirecard AG after alleged $7.2 billion accounting scandal in its parent company. British watchdog has said that it is going to continue to keep an eye on the …
Wirecard AG Start Operation After FCA Lift Restrictions Read More »
