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Nokia (NYSE:NOK) And Ericsson (NASDAQ:ERIC) Edge Huawei After Winning Contract To Build Singapore’s 5G Network

Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC) have edged Chinese telecom giant Huawei to build Singapore’s 5G networks. Despite losing, the Chinese company may be part of the broader ecosystem build-up but at a limited capacity. Nokia and Ericsson win to build Singapore’s 5G Network Infocomm Media Development Authority gave the final approval to local telcos to […]

General Motors Company (NYSE:GM) Is Making An Electric Van Giving A Nod To The EV Trend

General Motors Company (NYSE:GM) is reportedly working on an electric van that is targeted towards the business community and will be ideal for delivery services. The announcement about the American automobile manufacturer’s decision to launch an electric van highlights the growing interest in EVs by traditional automobile manufacturers. It also means more competition for Tesla […]

Moderna Inc. (NASDAQ:MRNA) Releases Positive Data For Its Coronavirus Vaccine Candidate In Human Trials

Moderna Inc. (NASDAQ:MRNA) has released positive data from its first human trials for its COVID-19 vaccine candidate, demonstrating that the healthy volunteers who received the vaccine developed antibody responses. Moderna’s vaccine in humans shows positive immunity response The company which had partnered with the National Institute of Health in developing the vaccine indicated that there […]

Abbott Laboratories’ (NYSE:ABT) ID NOW test May Be Giving Inaccurate Test Results Due To “User Error”

The US FDA has warned that Abbott Laboratories’ (NYSE:ABT) rapid COVID-19 test might be having accuracy issues that might be due to user error. The FDA cited various studies that have raised concerns about the test’s accuracy when employed in making a quick diagnosis. Abbott’s rapid test could be giving inaccurate results Alex Azar, the […]

Johnson & Johnson (NYSE:JNJ) Targets at least 1 Billion Vaccines in 2021

Johnson & Johnson (NYSE:JNJ) is working on a vaccine with a goal of 1 billion tests in 2021. According to Dr. Paul Stoffels, the Chief Scientific Officer at J&J, the company “is increasing its manufacturing and preparing for clinical trials in September.” The clinical trials should provide sufficient data to facilitate development of the vaccines […]

Elon Musk’s Tesla Inc (NASDAQ:TSLA) Could Move out of a California County amid Tussle with Health Officials

Tesla Inc (NASDAQ: TSLA) could move out of Alameda County if its CEO, Elon Musk, has his way. In a number of tweets on May 9, 2020, Musk expressed his frustration with the shelter-in-place ordinance of Alameda County. According to Musk, the measures put in place by the Alameda County Public Health Department (ACPHD) are […]

Verizon Communications Inc (NYSE:VZ) and Comcast Corporation (NASDAQ:CMCSA) Speak Out On The No-Disconnect Pledge

The COVID-19 pandemic has brought the world almost to a standstill. The world economy is in jeopardy, and the education sector crippled in a way that has never been witnessed before. However, with time more and more companies continue joining the fight to combat the deadly virus. Verizon Communications Inc (NYSE:VZ) and Comcast Corporation (NASDAQ:CMCSA) […]

Australia Makes It Mandatory For Facebook Inc. (NASDAQ:FB) And Google (NASDAQ:GOOGL) To Share Ad Revenue

Facebook Inc. (NASDAQ:FB) and Google (NASDAQ:GOOGL) will be compelled to compensate Australian media outlets for their news content after the country’s treasurer ordered the creation of a code of conduct. The decision could be timely as media outlets have been hit with declining ad revenues because of coronavirus and have been forced to downsize and […]

American Airlines Group Inc (NASDAQ:AAL) And Southwest Airlines Co (NYSE:LUV) Agree To Receive Stimulus Packages Of $5.8 Billion And $3.2 Billion From The US Treasury

According to a communiqué from US Treasury Department on Tuesday, major Airlines like American Airlines Group Inc (NASDAQ:AAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings Inc, and Delta Air Lines, Inc. have agreed to accept billions of dollars of aid. The US government is offering grants and low-interest loans to the major airlines in the […]

Alphabet Inc (NASDAQ:GOOGL)’s Google Partners With The New York State For An Unemployment System Online: Provides Websites For Coronavirus Information

Alphabet Inc (NASDAQ:GOOGL)’s Google has partnered with the state of New York to develop an unemployment system online. It is on the backdrop of the state’s labor department’s unemployment insurance filing system struggles to handle unprecedented volumes because of the outbreak of coronavirus pandemic. Google expects to extend this service to other states as well. […]

Russ Weiner Is Selling Rockstar Energy Drinks To PepsiCo, Inc. (NASDAQ:PEP) For Almost $4 billion

Rockstar Energy Beverages founder Russ Weiner has made $3.85 billion following a deal to sell the business to PepsiCo, Inc. (NASDAQ:PEP) even as markets continue to struggle. Weiner sells Rockstar drinks The 49-year-old founder of the energy beverage company almost two decades ago to compete with Red Bull. The company offers a range of energy […]

Twitter Inc. (NYSE:TWTR) Asks Its Employees To Work From Home To Combat Spread Of Coronavirus

Twitter Inc. (NYSE:TWTR) has taken measures to combat the spread of the coronavirus buy asking its employees across the globe to work from home. However, the company has not indicated how long it expects employees to work from home. Twitter urges employees to work from home The company which has around 5,000 employees globally indicated […]

Food Lovers Need A Membership To Enjoy Delicious Treats At Costco Wholesale Corporation (NASDAQ:COST) With Effect From March 16, 2020

Costco Wholesale Corporation (NASDAQ:COST) is famous for serving the customers with delicious and yummy pizza, hot dogs and a lot more. Anyone can purchase delicious snacks from its food court and devour instantly to satisfy their taste buds. It’s awesome treats satisfy the customers’ say from a child to a grandfather. Costco makes membership mandatory […]

Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN), and Apple Inc. (NASDAQ: AAPL) Increase Spending In lobbying

Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN), and Apple Inc. (NASDAQ: AAPL) reportedly spent significant amounts in 2019 on lobbying the federal government. This is according to the company’s necessary filings to the government yesterday. Spending by tech companies continues to grow The latest revelations show how the tech giants have been trying to […]

Uber Technologies Inc (NYSE:UBER) Abides To New AB5 Law In California: Uber Users Need To Pay Computed Price At the End Of The Trip

Uber Technologies Inc (NYSE:UBER) has announced an end to price protection for the trip and making changes to the App adhering to the new law – AB5 in California. As per the new law, the users need to pay the final calculated price at the end of the trip than the estimated price. Californian authorities […]

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