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 ›
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 ›
Gilead Science settles DoJ probe over U.S. kickbacks for Medicare patients with $97M
In a statement, the U.S. Department of Justice stated, Gilead Sciences Inc has agreed to settle allegations that it improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations and has agreed to pay… Read More ›
United Airlines will avail U.S. Treasury loans: CEO
During a news conference on Capitol Hill, Scott Kirby, the CEO of United Airlines stated, the airlines intends to avail U.S. Treasury loans, which have been available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Speaking to the… Read More ›
Online prescription drug platform GoodRx sell shares above IPO target range
According to a source familiar with the matter at hand, GoodRx Holdings Inc has priced its initial public offering (IPO) at $33 per share, above its target range. The U.S.-based online prescription drug platform had planned to sell 34.6 million… Read More ›
U.S. auto parts maker Garrett Motion Inc files for Chapter 11 bankruptcy
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
HSBC & StanChart among other financial institutions transferred more than $2 trillion of illicit money
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
Ericsson’s acquisition of Cradlepoint for $1.1 billion is its biggest in more than a decade
On Friday, Swedish telecoms giant Ericsson said, it has agreed to acquire U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal. The deal is Ericsson’s largest acquisition in more than a decade. The acquisition will provide Ericsson access to… Read More ›
U.S.-China investment slides to 9-year low
According to a research report, investment flows between the United States and China touched its nine-year nadir during the first half of 2020 due to increasing Chinese belligerence-induced tensions which could see more Chinese companies come under U.S. pressure to… Read More ›