Author Archives
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Pfizer Inc acquires 9.9% stake in Shanghai-based CStone Pharmaceuticals for $200 million, eyes collaboration
On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
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Alex Schultz named as Facebook’s Chief Marketing Officer
In a statement Facebook Inc said, it has appointed Alex Schultz, a company veteran, as its new chief marketing officer. Schultz “runs product growth, analytics and internationalization” at Facebook Inc. A former eBay Inc employee, Schultz is set to replace… Read More ›
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NextEra Energy interested in acquiring peer Duke Energy Corp
According to sources familiar with the matter at hand, NextEra Energy Inc, a power producer, has recently made a takeover approach towards its peer Duke Energy Corp. Despite Duke, which has a market value of more than $60 billion, rebuffing… Read More ›
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Negotiators begin drafting EU-UK legal framework
On Tuesday, according to a report from The Times, negotiators from the European Union have signaled their willingness on creating a joint legal framework with the UK. EU’s chief negotiator Michel Barnier said, he is ready to begin work on… Read More ›
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World’s top executives want re-calibration of work-life: survey results
According to the results of a survey released on Monday, nearly eight out of ten corporate executives are re-evaluating their work-life balance after experiencing poor mental health during the Wuhan coronavirus pandemic. The survey which included many top executives from… Read More ›
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Tesla secures lithium ore supply chain, signs deal with Australian miner Piedmont Lithium
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
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Investors crowd South Korea’s Big Hit Entertainment, IPO oversubscribed by 1000+ times
On Monday, Big Hit Entertainment, the management label of South Korean hugely popular K-Pop group BTS, priced its initial public offering (IPO) at the top of its range, with buyers hoping to gain from South Korea’s biggest IPO in the… Read More ›
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Impact of COVID-19 in U.S. beef supply chain
In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
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Food safety and sovereignty: companies commit themselves to Europe
Agriculture has always been one of the pillars of the European economy thanks to a long agricultural tradition, as well as natural, infrastructural and human-related advantages. The industry is developing constantly, with EU trade in agricultural products more than doubled… Read More ›
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BlackRock and Vanguard add new ETFs with soaring demand for ESG equity products
In a significant development, some of the world’s biggest asset managers, including BlackRock Inc and Vanguard Group Inc have introduced new exchange-traded funds that exclude fossil fuel companies including coal, oil and companies from other industries, after a number of… Read More ›
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