Reports claim that Alibaba Group Holding (BABA) together with a Chinese affiliate will invest $443 billion in a blacklisted firm suspected of helping Beijing track and detain Uighur minorities.
In Northern Europe, Carrefour continues to expand its food supply business as it has announced plans for a new distribution centre in Belgium. The aim behind the deal with Food-X Technologies to open CFC in Belgium by mid-2021 is to service both home delivery and click and collect customers.
An antitrust case against Facebook Inc. (FB) may be launched by the United States Federal Trade Commission before the end of the year.
Celanese Corporation (CE) announced that the selling prices of certain acetyl products will be raised effective immediately, or as otherwise allowed by contract.
On Tuesday, Pfizer Inc. (PFE) said that only mild to moderate side effects were found in late-stage clinical trials of volunteers treated with its COVID-19 vaccine.
ByteDance-owned short-form video app TikTok would function as a separate US-based company covering all of its global activities, where Oracle Corporation (ORCL) will retain a minority interest.
Apple Inc. (AAPL) attracts criticism from Spotify Technology SA (SPOT) on anti-competitive conduct issues. Spotify is unhappy about releasing the services package of the iPhone manufacturer and calling on antitrust authorities to interfere.
JPMorgan Chase & Co ‘s (JPM) attempts to get their workers back to their jobs have experienced a reversal following a positive COVID-19 case.
Allegations of short selling against Nikola Company (NKLA) have caught the attention of the U.S. Department of Justice.
In its initial public offering, Snowflake Inc. (SNOW) received some $3.4 billion.
In 2020, Zoom Video Communications (ZOOM) saw tremendous growth as one of the companies taking advantage of the work from the home transition.
Illinois released its cannabis sales figures for the month of August on Tuesday. The Prairie State hit a record high of over $95 million in legal cannabis retail when medical and adult-use revenue are combined.
The special committee appointed by Eastman Kodak Company’s (KODK) board reported to the CEO the result of its independent review regarding the handling of stock options by the company.
Applied DNA Sciences (APDN) and Evvivax, S.R.L., a Takis Biotech spin-out are set to launch a veterinary clinical trial of one of the company’s five candidates for LineaDNA vaccine.
Abbott Laboratories (ABT) got the OK from FDA to use its rapid COVID-19 test. The BinaxNow COVID-19 Ag Card rapid test would significantly increase access to rapid testing and assist in relieving the load on overcrowded labs. The latest test is extremely compact, inexpensive and yields results in just 15 minutes.