This significant move comes at a time when lawmakers are reviewing U.S. tax policies to bring back accumulated profits from overseas at lower tax rates. Apple’s Chief Executive Officer, Tim Cook has disclosed that Apple plans on creating… Read More ›
Regulations & Legal
Prescription drug market to touch $610 billion in 2021
The biggest drivers of growth are likely to be cancer drugs and those that target hypertension and mental health. As per the findings of a report released by QuintilesIMS Holding, the market for prescription drugs is set to grow in… Read More ›
SEC approves the listing of quadruple-leveraged ETFS in the U.S
The development comes in the wake of attorney Jay Clayton heading the SEC. In a significant development, the Securities and Exchange Commission (SEC) has approved the trade of quadruple-leveraged exchange-traded funds in the United States. This indicates a first for… Read More ›
Consumers await 10th Anniversary launch of iPhone, hold back on new purchases
Apple’s 10th anniversary iPhone is expected to feature 3D facial recognition capability, wireless charging and a curved display. In a surprising turn of events, Apple Inc has reported a fall in iPhone sales for its second quarter, which indicates that… Read More ›
Joseph Otting could replace Thomas Curry as Comptroller of the Currency
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
Public records show public investments funds flowing into Trump’s business interests
With this potential violation of the U.S. constitution, Trump appears to be risking everything by choosing not to divest. As per two senators, U.S President Donald Trump is setting a unparalleled precedent by flirting with potential violations to the U.S…. Read More ›
The U.S. International Trade Commission will probe patent violations over usage of thermoplastics by Japanese and German automakers
If it is of any indication, shares of companies against whom the complaint has been filed by Intellectual Ventures II, have largely remained unmoved. Trade authorities in the United States have disclosed that they will soon begin an investigation into… Read More ›
Fox and Blackstone Group to bid for Tribune Media Co
Their joint bid comes in less than 2 weeks after the U.S. Federal Communications Commission voted to lift the 2016 limit on the number of television stations broadcasters can buy. Sources familiar with the matter at hand have disclosed that… Read More ›
Germany to help transform Saudi Arabia’s economy
Oil-exports-dependent Saudi Arabia is pushing to diversify its economy. With German Chancellor Angela Merkel’s visit to the country, Saudi Arabia has let it be known that it wants to partner German companies, including, Siemens and SAP, to further the kingdom’s… Read More ›
United Ireland will leave Britain to join the European Union
This is the position taken by legal experts and is accepted by the current British government led by Theresa May. According to diplomats attending a Brexit summit, the EU leaders should give a formal undertaking to ensure that the British… Read More ›