Amazon-backed Acko enters the unicorn club with USD 255 Mn funding

Insurtech startup Acko becomes the latest Indian startup to achieve unicorn status, following over three dozen others in the world's second-largest internet market this year. The Bangalore-based business has announced to have secured U....

Philippines likely to get early access to Merck & Co.’s COVID-19 pill

The Philippines might receive early access to Merck & Co., Inc.’s anti-viral therapy drug, molnupiravir, which is an unapproved drug, to be used for treating COVID-19 patients. The pills are likely to be distributed in hospitals f....

Moderna to supply 110 million COVID-19 shots to the African Union

The African Union is reportedly set to purchase nearly 110 million shots of COVID-19 vaccines from American pharmaceutical biotech company, Moderna, Inc. The agreement, which is partially brokered by the White House, will delay the delivery....

Ford, GM Q3 results to reflect varying chip shortage impact on industry

U.S. automotive giants Ford Motor Company and General Motors Company are likely to outline both positive as well as negative impacts of the global semiconductor chip shortage in their Q3 earnings report. According to reliable sources, both....

Australia to start offering COVID-19 booster shots when curbs ease

In an effort to prevent the resurgence of COVID-19 cases, Australia is reportedly planning to offer booster shots once the lockdown restrictions ease. The announcement comes after the country experienced a spike in cases during the second w....

FDA approves mix-and-match boosters for Pfizer, Moderna, and J&J jabs

The FDA (Food and Drug Administration) has reportedly approved booster shots for Johnson & Johnson and Moderna COVID-19 jabs, after authorizing a third Pfizer-BioNTech shot earlier in September. The U.S. regulatory body has also announ....

Tesla Q4 results uncertain over China factory, supply chain concerns

EV leader Tesla has fared better than others amid the global chip shortage, however, supply-chain issues loom over the company. Investors are carefully monitoring the company’s quarterly results to get an overview of its performance i....

Indian fintech startup CRED raises USD 251 million in Series E funding

Bangalore-based fintech startup CRED has reportedly secured USD 251 million in Series E funding round led by Tiger Global Management LLC and Falcon Edge Capital LP. This is the company’s third funding round in 2021. If sources are to....

Power Global to invest USD 25 Mn to build battery-making unit in India

United States-based startup Power Global is reportedly planning to invest USD 25 million to develop a lithium-ion battery manufacturing unit as well as battery swapping infrastructure in India in the coming years. The company is constructi....

Melbourne to ease lengthy COVID-19 lockdown as vaccination rate rises

The Australian city of Melbourne is reportedly gearing up to lift the world’s longest stay-at-home orders, backed by increasing rate of vaccinations in the state of Victoria. The city has been under lockdown for nearly 262 days since ....

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