2022 is set to be a turning point for US financial policy as the Biden Administration’s regulators ready a slew of regulations that are likely to increase the cost of compliance for Wall Street and corporate America. Biden’s top financial… Read More ›
In a significant development a federal judge in California has ruled that plaintiffs who have accused Alphabet Inc’s Google of unlawfully tracking their internet usage while they were on “Incognito” browsing mode, can question its CEO Sundar Pichai for up to… Read More ›
In a statement the CEO of Rivian Automotive Inc RJ Scaringe said, the automaker will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023. He went on to add, the large majority of… Read More ›
In a statement the National Highway Traffic Safety Administration (NHTSA) said, it has opened an “engineering analysis” which covers around 3 million vehicles to evaluate, among other things, the efficacy of recalls initiated by Kia Motors Corp and Hyundai Motor… Read More ›
A study by scientists at South African shows, an infection by the Omicron variant enhances neutralizing immunity against the Delta variant. The yet-to-be peer-reviewed article, found that people who were infected with Omicron, especially those who were vaccinated, developed enhanced… Read More ›
According to US court documents, Credit Suisse has sought information through the U.S. courts which could potentially lead to a situation wherein it can take a legal step against SoftBank Group Corp in Britain in an effort to recover funds… Read More ›
According to a source familiar with the fund raising effort, Jared Kushner’s global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors. Kushner, a former top aide to former US President Donald Trump… Read More ›
In a significant development the SEC has torpedoed two proposals which aimed to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the regulator would have approved the given the deal a green light since it… Read More ›
In a statement footwear label Crocs Inc said, it would acquire privately owned rival Heydude for $2.5 billion. The deal underscores an increased demand in the pandemic-led market for casual shoes. Following multiple lockdowns, consumers ditched dress shoes for more comfortable… Read More ›
In a statement drugmaker AstraZeneca said, a three-dose course of COVID-19 vaccine is effective against the Omicron variant of the coronavirus, citing data from an Oxford University lab study. The results of the study, which is yet to be published… Read More ›
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