U.S. opioid lawsuits nears USD 26 Bn settlement with pharma giants

US state attorneys general recently announced being on the verge of a USD 26 billion settlement with drug maker Johnson & Johnson and the nation’s three leading drug distribution firms. Johnson & Johnson would pay USD 5 billi....

Bukalapak to raise USD 1.5 billion during Indonesia’s largest-ever IPO

The Indonesian e-commerce platform, Bukalapak is reportedly planning to secure about USD 1.5 billion in its largest IPO on 6th August 2021, presaging a plethora of domestic tech listings. The company will upsize its offering of 25.77 billio....

J&J seeks to shift liabilities from talc litigations to bankrupt entity

Multinational corporation, Johnson & Johnson (J&J) is reportedly planning to unload liabilities from its ongoing baby powder lawsuits into a newly formed business entity that would then file for bankruptcy protection. According to ....

WHO warns of rising COVID-19 cases in the United States, Latin America

The World Health Organization (WHO) has reportedly cautioned about surging COVID-19 cases in Latin America and the United States, a spike that could potentially pose a threat to the entire region. WHO officials said that as the Delta Coron....

Aquafarming startup Aquaconnect bags USD 4 Mn in pre-Series A funding

Chennai-based aquaculture startup, Aquaconnect has reportedly raised USD 4 million in a pre-Series A funding round led by Flourish Ventures and Rebright Partners. The event also saw participation from new companies like 6G Capital and AgFun....

McDonald’s offering tuition, childcare benefits to entice new employees

The move comes as several restaurants are facing worker shortages during their recovery efforts. McDonald’s and its franchisees will co-fund the added benefits through a multimillion-dollar investment. McDonald's franchisees....

Texas Instruments launches new MCU portfolio with enhanced performance

American technology company, Texas Instruments Inc. has recently introduced a high-performance microcontroller (MCU) portfolio, coined Sitara AM2x MCUs, featuring improved analytics, real-time control, and networking applications. Using th....

Taiwan's Foxconn and TSMC sign USD 350 Mn deal to buy COVID-19 vaccines

Foxconn and Taiwan Semiconductor Manufacturing Co. recently announced to have signed a USD 350 million deal for buying 10 million doses of the COVID-19 vaccine from Germanys BioNTech SE. Taiwan's government has been trying for months t....

Israel's AnyVision raises USD 235 Mn funding from SoftBank, Eldridge

Artificial intelligence-based facial recognition startup AnyVision recently announced that SoftBank and Eldridge led its USD 235 million funding round, as it witnesses increasing buyers for AI surveillance despite the ethical concerns and d....

WHO approves two arthritis drugs to help reduce COVID-19 death risk

The World Health Organization has recommended the use of two arthritis drugs, Kevzara from Sanofi and Actemra from Roche, along with corticosteroids for reducing the death risk associated with COVID-19. The announcement was made after the d....

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