Boeing’s focus will be on developing thermal power and its corresponding control systems. The Pentagon has disclosed, Boeing Co has been awarded a a $409 million Air Force contract for developing next-generation thermal power and control systems as part of a government and industry joint effort to develop revolutionary and innovative technologies.
The purchase will bolster its cancer fighting pipeline. Drug manufacturer Bristol-Myers Squibb disclosed it would be acquiring privately held IFM Therapeutics for $300 million. The acquisition, backed by Novartis, will boost its cancer portfolio, since it will be able to access IFM’s preclinical cancer programs. Incidentally, IFM investors are also eligible to additional contingent payments…
While there is an element in luck in the way geologists locate these deposits, the new method is more structured and thorough. As per the results of a study, scientists are scouring through huge tracts of data, looking for clues for the deposits of minerals, including, oil, gas, copper and gold. The techniques adopted by…
Although the company is continuing with its investments in shale oil in countries, including Argentina, faced with rising consumer demand for EVs, BP is weighing its options to see how it can meaningful participate and survive in this changing market. London-based BP is holding partnering talks with electric vehicle manufacturers to offer battery re-charging docks…
Hackers have stolen 1.5TB of data, including un-broadcasted episodes of Game of Thrones, from HBO, a unit of Time Warner Inc, leading some to believe that perhaps being fans of the show they couldn’t handle the suspense! In a startling development, U.S Cable giant HBO has disclosed that hackers have been able to steal its…
Chinese miners are pushing for the split. In a significant development, the underlying code for bitcoins is likely to split on Tuesday and create a clone called “Bitcoin Cash”; this is likely to provide windfall gains to the holders of the cryptocurrency. This initiative is being led by a small group of mostly Chinese…
It aims to achieve 100% coverage by 2022. The British government is studying the pros and cons of the proposal and may consider a legislative approach to achieve the target. British telecommunication giant BT is set to invest $778 million (600 million pounds) to further the aims of the British government to provide faster…
The wireless carrier is ramping up its fibre optic network ahead of the launch of its fixed 5G wireless technology. As per sources familiar with the matter at hand, Verizon Communications Inc is said to be in talks to acquire WideOpenWest Inc’s fiber optic network in the Chicago area and has offered more than $200…
The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…
This is going to be a landmark bill. In a significant development, an influential U.S. House committee has overwhelmingly approved a revised bipartisan bill on a 54-0 vote that will speed the deployment of self-driving autonomous vehicles in the country and bar states from blocking autonomous vehicles. The bill allows automakers to obtain…
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