There is reasonable confidence with Biogen CEO Michel Vounatsos about getting the approval for the drugmaker’s experimental Alzheimer’s drug from the United States Food and Drug Administration. “We worked in full transparency with the regulator,” Vounatsos said in a television interview while also emphasizing that all of the data about the drug that the company…
While the revenues for the United States based aircraft maker Boeing beat market estimates, its earnings were lower than what the market was expecting for the third quarter of the year. There was however an increase in the value of the shares of the company following positive messaging about the possibility of the return of…
Fortress’ efforts to gather patents essentially amounts to anti-competitive behavior since these acquisitions were driven by the notion that they will be cheaper than what technology companies would be willing to pay to avoid lawsuits. U.S. semiconductor giant, Intel Corp, has filed an antitrust lawsuit against Japan’s SoftBank Group Corp-owned investment company alleging that the…
Toyota aims to sell more EVs than gasoline powered vehicles by 2025. On Wednesday, the head of Toyota Motor’s Lexus brand stated, the carmaker plans on launching its first all-battery electric vehicle in 2020. The development comes midst a race among luxury car brand to bring battery-operated cars in the market as they compete to…
DoD’s funding will enable SkyWater Technology to make chips which can work in hostile conditions such as outer space. SkyWater Technology, a U.S. semiconductor maker stated, it will be receiving up to $170 million from the U.S. Department of Defense to make smaller and faster semiconductors with new materials that can work in outer space.…
A revamped version with a better price points and lower operating costs, Bombardier is aiming to gain some marketshare from Brazil’s Embraer.
The Gulfstream G700 poses a direct challenge to Bombardier’s Global 7500. Gulfstream, a U.S. planemaker unveiled its widely-expected G700 long-range jet in a direct challenge to Bombardier Inc’s Global 7500 flagship aircraft. Gulfstream Aerospace, a unit of General Dynamics Corp, stated the G700 would be powered by Rolls-Royce Holdings PLC’s Pearl 700 engines. It expects…
The entire pharma industry in the United States is put on trial from Monday in a federal court over cases of claims filed by thousands of American communities alleging that the pharma companies had colluded to conspire and orchestrate the now infamous opioid epidemic in the country. The case that will be held in Cleveland…
A research note from Loop Capital Markets said that there is increased pressure on the profit margins of the grocery industry. And therefore despite an increase in the growth in sales for the industry, the suggestion of taking a neutral view on the industry was made by the research firm. Within the grocery industry of…
It is not right for Facebook to censor politicians or the news in a democratic set up, believes the social media giant’s founder Mark Zuckerberg. He said this while delivering a speech in Washington DC and assumed importance because the social media company had been facing criticism for not putting a ban on political advertisements…
