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Major Payment Processors – MasterCard, Visa, Stripe, And eBay Quits Libra Project, A Setback For Facebook, Inc. (NASDAQ:FB)

A week after Paypal Holdings Inc (NASDAQ:PYPL) quits the Libra Project of Facebook, Inc. (NASDAQ:FB), MasterCard, Visa, Stripe, and eBay followed suit. It is a setback for the ambitions of Facebook to introduce a private global currency to facilitate cross border payments. A 28-member organization crumbles The decision of the major payment processors to withdraw […]

Amazon.com, Inc. (NASDAQ:AMZN) Steps Up Efforts To Reduce Climate Impact And Places An Order On Rivian For 100,000 Electric Trucks

To reduce the impact on climate, Amazon.com, Inc. (NASDAQ:AMZN) is gearing up and announced plans to purchase 100,000 electric trucks from Rivian, a Michigan based firm. The ordered vehicles are of emission-free category. It plans to become carbon-neutral by the year 2040. This commitment is ten years earlier than United Nations Paris Agreement. Climate Pledge […]

General Motors Company (NYSE:GM) To Recall 3.4 Million SUVs and Pickups with Brake Problems

General Motors Company (NYSE:GM) is recalling 3.4 million SUVs and pickup trucks in the US to fix a brake issue. GM recalls vehicles to fix a brake problem The company is recalling the Chevrolet Silverado and GMC Sierra 1500. This also includes 2500 and 3500 pickup trucks from 2014 through 2018 models years. The recall […]

Amgen Inc. (NASDAQ:AMGN) Announces The Purchase of Immunology Drug Otezla from Celgene Corporation (NASDAQ:CELG)

Amgen Inc. (NASDAQ:AMGN) has announced the purchase of Celgene Corporation’s (NASDAQ:CELG) leading immunology drug Otezla for around $13.4 billion. Otezla purchase deal to be finalized at the end of the year The company has indicated that the deal will be closed at the end of the year. Following the announcement, Amgen’s stock gained 2.85% to […]

Cann Group Limited (ASX:CAN) Delivers Its First Shipment of Australian Sourced Medical Cannabis

Cann Group Limited (ASX:CAN) released its quarterly activities reports and cash flow statement for the quarter on June 30. The company was the first to receive a medical cannabis cultivation license following legalization of cannabis in Australia. Cann Group Q4 2019 highlights In the company’s quarterly release the company has indicated that it delivered its […]

Elon Musk Reveals That Tesla Owners Will Soon Access YouTube And Netflix Through Their Cars

Technology titan Elon Musk recently announced that Tesla electric car owners might soon be able to stream YouTube and Netflix content through the touch screen displays in their vehicles. The Tesla CEO announced through a tweet this past weekend, revealing that content streaming might be added to the list of features available in Tesla vehicles. […]

Pfizer Inc. (NYSE:PFE) To Merge Its Off-Patent Business With Mylan (NASDAQ:MYL)

There are reports indicating that Pfizer Inc. (NYSE:PFE) wants to merge its off-patent drug operations in a stock deal with generic drug maker Mylan (NASDAQ:MYL) whose market value is estimated at $9.5 billion. Pfizer to get $12 billion from sale of debt The pharmaceutical company is will spin off its new unit so that it […]

Google (NASDAQ:GOOGL) And Amazon Inc. (NASDAQ:AMZN) End Standoff Regarding Video Streaming Service

Amazon Inc. (NASDAQ:AMZN) and Google (NASDAQ:GOOGL) have finally come into an agreement regarding their long standing faceoff regarding video streaming services by making their services and devices to work together. YouTube beginning today will be on Fire TV while Prime Video will find its way to Android TV and Chromecast. Cross platform video streaming service […]

Tesla Reports Record Q2 2019 Deliveries Quelling Fears Regarding Demand Of Model 3

Tesla Inc. (NASDAQ:TSLA) blew past expectations with record deliveries in the second quarter of 2019 and in the process settled concerns regarding the demand for the Model 3 sedan. The electric-car maker delivered around 95,200 vehicles in the period thus exceeding Wall Street estimates and setting a new record of deliveries in a quarter. Record […]

Facebook Could Be Tracking Users To Target Ads

There have been long running allegations that Facebook could be listening to users’ private conversation. According to victims of the allegations, the tech giant displays ads, either via Facebook or Instagram, as if on cue after having a private conversation on a matter related to the ad. Facebook is eavesdropping users But Facebook denies the […]

Merck & Co., Inc. (NYSE:MRK) Gets FDA Nod For ZERBAXA

Merck & Co., Inc. (NYSE:MRK) reported that the U.S. Food and Drug Administration has approved expanded use of its antibiotic to cure hospital-acquired pneumonia in people 18 years and older. This nod comes on the back of the treatment’s late-stage study data, which indicated that Zerbaxa was effective as an antibacterial drug. Zerbaxa was included […]

PotNetwork Holdings Inc (OTCMKTS:POTN) Gets Purchase Order For Over $400,000

PotNetwork Holdings Inc (OTCMKTS:POTN) reported that the company has obtained a purchase order for over $400,000 worth of its premium lineup of CBD products from Yuka E-Commerce. The company stated tis order came through its 100% owned subsidiary Diamond CBD, Inc. Kevin Hagen, the CEO of PotNetwork, expressed that the key to their success has […]

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