Visa’s bid to acquire fintech startup Plain Inc facing antitrust review

Visa Inc’s $5.3 billion acquisition of fintech startup Plaid Inc is facing antitrust scrutiny following the U.S. Justice Department filing a court petition on Tuesday demanding more information on the transaction. The DoJ is reviewing the proposed deal to check whether it violates provisions of antitrust law. It has filed a petition with a U.S. district…

Pfizer Not Yet Ready To Unveil Data On Late-Stage Trial Of Its Covid-19 Vaccine

Data for the late stage trial of its vaccine candidate against Covid-19 is not yet ready to be published, said drug maker Pfizer Inc on Tuesday. The company is developing the vaccine in partnership with Germany’s BioNTech SE. Any interim efficacy analyses had not yet been conducted by the independent monitor that is tasked with…

Dubai Airports CEO Says Trillions Of Dollars Could Be Lost Without Common Travel Protocols

The global economy could lose out on trillions of dollars because countries and governments are yet to get together to draw a consensus about how to safely restart travel in the midst of the novel coronavirus pandemic, said the chief executive of Dubai Airports. “We don’t have an agreed testing procedure for a reliable, accurate…

US Sanctions Hit Huawei, Its Sale Growth Slows

Chinese telecom and smartphone maker Huawei reported a drop in its sales growth following the tightening of restrictions against the Chinese tech company by the United States which has cut off the company’s access from the key technologies to a much greater extent. In the first nine months of 2020 it generated 671.3 billion yuan…