Tobacco group Philip Morris has agreed to buy London-listed drug specialist Vectura USD 1.44 billion or 1.05 billion pounds. This will give the maker of Marlboro cigarettes access to the respiratory ailment treatment and inhaling device technology of the drugmaker. The move by the company is aimed at an image makeover. This is because the […]

A proposal by the Biden government to foster the quick adoption of sustainable power would significantly reduce global warming pollutants, while saving countless lives from severe environmental degradation. A renewable energy standard that achieves the 80% objective by 2030 will save approximately 317,500 lives in the United States in the next 3 decades due to […]

Hewlett Packard Enterprise has announced that it is acquiring cloud disaster recovery startup Zerto. HPE is paying USD 374 million in cash for acquiring the startup. Interestingly, the development comes at a time when the company has disclosed the news about it acquiring the artificial intelligence startup Determined AI. The deal is expected to add […]

Jeff Bezos resigned as the CEO of Amazon, precisely 27 years after he founded the e-commerce monolith from within the confines of his garage in Washington. Bezos will now be handing over the reins to his longstanding subordinate Andy Jassy. However, he will continue to retain significant clout as the corporation’s executive chairman. Amazon grew […]

A heatwave has engulfed the Pacific Northwest, pushing temperatures well above100 degrees.  This fluctuation in temperature is creating harmful circumstances for the individuals living in the region. This part of the country is not used to higher temperatures or air conditioning. On Monday, the National Weather Service in Seattle established a new record for the […]

Hyundai Motor Group has closed the acquisition deal of Boston Dynamics. Hyundai Motor is a South Korean automaker. It paid USD 880 million to seal the deal. The company in a statement said that three of its affiliates and its chief have acquired Boston Dynamics. The company will now have full control over the robotics […]

The US government has lifted the ban on TikTok, WeChat, and several other applications. President Joe Biden has signed executive order to reverse Donald Trump’s order to ban the Chinese apps. White House said that Biden has revoked and replaced three executive orders. The past orders prohibited transactions with TikTok, WeChat, and other applications with […]

A lot is being talked about Bitcoin these days, especially after it hit an all-time high in April this year. But there some more interesting development related to it. According to El Salvador President Nayib Bukele, his country could become the first sovereign nation to adopt Bitcoin as a legal tender. In a recorded message […]

The family of former Samsung Electronics chairman Lee Kun-hee has announced that they will pay the massive inheritance tax bill of USD 10.78 billion or 12 trillion Korean won. The inheritance tax on the estate, which is valued at over 20 billion, is the largest in the history of not only South Korea but globally. […]

Twitter has updated its option to upload and preview images. The microblogging platform said that it has added support to upload 4K images. This will improve the preview of images tweeted on the platform. The support is being rolled out for both Android and iOS users worldwide. Users can not choose for uploading high-resolution images. […]

Toyota has confirmed its plan about launching a wide range of fully electric and hybrid models of vehicles soon. The Japanese carmaker has yet not revealed the model lines which will receive these technologies. The company also said that in the near future it will bring electrification to its pickup truck lineup. There are reports […]

Amid the ongoing shortage of semiconductor chips, General Motors cut short overtime production at two of its assembly plants in the United States. These two plants of the GM manufacture highly profitable full-size pickups. The decision comes at a time when several industries, including the automobile, are facing a shortage of chips. The plants in […]

SoftBank has signed a USD 2.8 billion deal to acquire a 40 percent stake of Norwegian warehouse automation company AutoStore. The new has been confirmed by AutoStore on its website. The deal is a new addition to the string of investment into robotics and e-commerce over the past few years. As part of this deal, […]

Boeing has some new hurdle in delivering newly produced 787 Dreamliners. The Federal Aviation Administration (FAA) has tightened scrutiny and stated that it will inspect 787 Dreamliners planes itself. This means that the work to inspect four 787 Dreamliner planes will not be delegated to Boeing. The move comes after the production issue was noticed. […]

Tech mogul Elon Musk has changed his official title at Tesla. Tesla is an electric car company. It is based in California. The company is owned by technology enthusiast Musk. Musk has changed his title to Technoking. The revelation was made in the latest filing by the company with the US and Securities and Exchange […]

At a time when the hospitality sector is on the path to recovery, Blackstone Group Inc. and Starwood Capital Group have decided to purchase hotel owner and operator Extended Stay America Inc. They will spend around USD 6 billion on the deal. The two private equity giants are hopeful that the industry will brighter as […]

Global Telecom Power Systems Market: Types, End Users, Growth Rates and Revenue Shares, and Forecast from 2020 to 2029 is a recently produced report by Market.US. The global telecom power systems market is projected to reach a value of US$ 9.7 Billion in 2029, from a value of US$ 3.1 Billion in 2018. The global […]

A Federal Judge has approved a USD 650 million payment settlement by Facebook. The lawsuit had claimed that the company violated Biometric Information Privacy Act. It said that the social media giant created and stored scans of users without seeking their permission. The lawsuit was filed in Cook County Circuit Court in 2015 by Chicago […]

Linear bearings are used in a plethora of industries as it is needed to allow for a smooth range in motion in the movement of cargo over a particular distance. Loads that need not be moved in a straight line and usually implements either a pad, bushing or roller system to operate. One can say […]

A senior manager has filed a lawsuit against Amazon alleging it of practicing discrimination in the hiring process. The lawsuit alleged that the company deliberately paid Black employees, including her, less than what it pays to their White counterparts. Charlotte Newman has joined the list of current and former employees of the tech giant that […]