Approval of Merck’s treatment for individuals with high blood pressure brought on by pulmonary artery constriction was approved by the U.S. Food and Drug Administration, giving the multinational pharmaceutical company access to yet another potentially game-changing medication. Merck’s stock rose more than 4% during extended trading. About 40,000 Americans suffer with pulmonary arterial hypertension (PAH), which…
The global automotive industry is being significantly impacted by a little electric vehicle. The price of the EV and its potential to upend local auto sectors across the globe are what are creating waves, not the vehicle itself. The little, all-electric Seagull hatchback, which retails for less than $10,000 (69,800 yuan), is said to turn…
Apple is the target of a historic lawsuit brought by the US, which claims the tech giant is monopolising the smartphone market and stifling competition. The Justice Department claims in the lawsuit that the business exploited its dominance over the iPhone app store to “lock in” developers and users. It charges the company with using…
Looks like Donald Trump is struggling to come up with the $464 million fraud fine. Could he be saved by the stock market? After a majority of Digital World Acquisition Corp. shareholders decided on Friday to acquire the company, Trump Media—which operates the social media platform Truth Social—is about to go public. At the current…
The first human to receive a replacement kidney from a genetically modified pig is a 62-year-old man with end-stage renal illness, according to recent announcements from specialists at Massachusetts General Hospital in Boston. According to a statement from the hospital, the four-hour procedure on March 16 “marks a major milestone in the quest to provide…
A combination between Digital World Acquisition Corporation and Donald Trump’s social media business was approved by shareholders on Friday. The acquisition may eventually bring in $3 billion or more for the former president. About 2.5 years have passed since the so-called special purpose acquisition business declared its intention to merge with Trump Media & Technology…
Gwynne Shotwell, the president of SpaceX, announced during a press conference on Tuesday that the company has begun selling satellite lasers—which are utilised for quick in-orbit communications—to other satellite companies. With fewer ground stations, SpaceX’s network can provide more global internet coverage thanks to its hundreds of Starlink satellites in low-Earth orbit, which communicate with…
AstraZeneca, an Anglo-Swedish pharmaceutical company, announced on Tuesday that it will acquire Canadian drug researcher Fusion Pharmaceuticals Inc. for $2 billion in cash as part of its bet on cancer medicines of the future. With this acquisition, AstraZeneca gains a footing in the market for radiopharmaceutical medications, which has drawn interest from investors since Novartis’…
In the 1940s, McDonald’s was a physical establishment with employees working at counters, paper menus listing the burgers and fries, and cashier employees accepting payments from customers. It wouldn’t be too much of a stretch to refer to McDonald’s as a tech company that also happens to sell burgers given how pervasive technology is in…
In an effort to reduce the cost of electric vehicles overall, Chinese manufacturer Nio and battery giant CATL struck a partnership deal on Thursday to create longer-lasting batteries. William Li, the founder and CEO of Nio, told reporters in Beijing that the company will work together to use their respective technologies to reduce what is…
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