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Facebook, Instagram Fall Prey To Data Scraping; Indict Chinese Company

Meta Platforms, Inc (NASDAQ:META) prosecuted Octopus Data, the U.S. subsidiary of a Chinese national high-tech enterprise Shenzhen Vision Information Technology Co. Octopus Data allegedly offered data scraping services for Facebook and Instagram. Meta also prosecuted a Turkey-based individual, Ekrem Ateş, for allegedly setting up automated Instagram accounts to scrape data from 350,000 Instagram…

Why Resolute Forest Products Shares Are Rallying Today?

Why Resolute Forest Products Shares Are Rallying Today?

Through its wholly-owned subsidiary Domtar Corporation, the Paper Excellence Group has agreed to acquire Resolute Forest Products Inc (NYSE:RFP). Fairfax Financial Holdings Limited, a significant stockholder of Resolute with a 40% stake, has supported the acquisition. The transaction brings complementary capabilities in lumber and pulp to Paper Excellence. Resolute will become a wholly-owned subsidiary of…

FDA Expert Panel Favors COVID-19 Boosters Targeting Omicron BA.4, BA.5 Subvariants

FDA Expert Panel Favors COVID-19 Boosters Targeting Omicron BA.4, BA.5 Subvariants

The FDA's independent experts voted to include a SARS-CoV-2 omicron component in COVID-19 vaccines that would be used for boosters in the U.S. beginning in fall 2022. The panel has advised manufacturers to develop modified vaccines that add an omicron BA.4/5 spike protein component to the current vaccine composition to create a…

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Google Settles Lawsuit With App Developers For Hefty Sum - Key Takeaways

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) agreed to settle a lawsuit with app developers for $90 million. The app developers accused Google of exploiting agreements with smartphone makers, technical barriers, and revenue-sharing deals to close the app ecosystem effectively and shunt most payments through its Google Play billing system with a default service fee of…

This Analyst Says US Government Buying More COVID-19 Vaccines At Higher Prices

Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) announced a new COVID-19 vaccine supply agreement with the U.S. government. SVB Leerink says that the new contract implies the price per Comirnaty dose is ~$30.50. Comirnaty U.S. pricing per dose has increased from $19.50 (2020 contracts), to $24 (+23%; 2021 contract), and now to ~$30.50 (+27%). The analysts…

US Government Calls For Additional Doses Of Pfizer/BioNTech COVID-19 Vaccine

Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) have announced a new vaccine supply agreement with the U.S. government. Under the agreement, the U.S. government will receive 105 million doses (30 µg, 10 µg and 3 µg). This may include adult omicron-adapted COVID-19 vaccines, subject to the FDA authorization. The doses are planned to be delivered…

White House Outlines New Monkeypox Vaccine Strategy: What You Need To Know

The White House unveiled the first phase of its national monkeypox vaccine strategy, with plans to send doses to areas with confirmed outbreaks. The U.S. Department of Health and Human Services plans to distribute 296,000 doses of the Bavarian Nordic A/S's (OTC:BVNRY) Jynneos vaccine, an already-developed monkeypox vaccine. The U.S. is releasing 56,000 doses of…

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US Government Offers $75M Support For Lipid Systems Expansion Used In mRNA COVID-19 Vaccines

US Government Offers $75M Support For Lipid Systems Expansion Used In mRNA COVID-19 Vaccines

The U.S. government will provide up to $75 million to expand U.K.-listed Croda International Plc's (OTC:COIHF) U.S. manufacturing capacity of ingredients for lipid systems used in novel therapeutic drugs, such as mRNA vaccines. Croda will also invest up to $58 million. The investment will be used to establish a new lipid facility in Lamar,…

Sanofi-GSK's Beta-Containing COVID-19 Vaccine Shows Efficacy Against Omicron

Sanofi-GSK's Beta-Containing COVID-19 Vaccine Shows Efficacy Against Omicron

Sanofi SA (NASDAQ:SNY) and GSK plc (NYSE:GSK) have announced positive data from their vaccine trial of adjuvanted bivalent D614 and Beta (B.1.351) vaccine candidate. "Sanofi-GSK's vaccine is the first candidate to demonstrate efficacy in a placebo-controlled trial in an environment of high Omicron variant circulation," Sanofi said in a statement. The bivalent vaccine targets the…

Bone Health Focused Radius Health Goes Private In $890M Deal

Bone Health Focused Radius Health Goes Private In $890M Deal

Radius Health Inc (NASDAQ:RDUS) will be acquired by Gurnet Point Capital and Patient Square Capital in a transaction valued at approximately $890 million, including the assumption of debt and assuming full payment of the CVR (Contingent Value Right). Gurnet Point and Patient Square will pay $10.00 per share in cash plus a…

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Alibaba Group Holding Limited (NYSE:BABA), and other tech giants striving to build the emerging metaverse concept have formed a group to foster the development of industry standards. The initiatives look to make the companies' nascent digital worlds compatible. The Metaverse Standards Forum includes leading companies working in the space, from…

Here's Why This Analyst Slashed Twitter's Price Target By 39%

Here's Why This Analyst Slashed Twitter's Price Target By 39%

Rosenblatt analyst Barton Crockett maintained Twitter, Inc (NYSE:TWTR) with a Neutral and cut the price target from $54.2 to $33, below Tesla, Inc (NASDAQ:TSLA) chief's takeover bid. Crockett believed that the absence of the deal would lead to even lower share prices for Twitter. Social media comparables were already hit by a possible weakening ad market likely…

Merck Shows Takeover Interest In Seagen: WSJ

Merck Shows Takeover Interest In Seagen: WSJ

Merck & Co Inc (NYSE:MRK) is reportedly mulling buying cancer-focused biotech Seagen Inc (NASDAQ:SGEN), Wall Street Journal reported citing people familiar with the matter. If the deal happens, it would be significant, given Seagen's market value of roughly $28 billion. According to the report, some people said other unnamed suitors are also eying Seagen, a…

Pfizer-BioNTech COVID-19 Vaccine Receives FDA Emergency Use Nod For Kids As Young As Six Months

Pfizer-BioNTech COVID-19 Vaccine Receives FDA Emergency Use Nod For Kids As Young As Six Months

The FDA has granted emergency use authorization (EUA) to Pfizer Inc (NYSE:PFE) and BioNTech SE's (NASDAQ:BNTX) COVID-19 Vaccine as a three 3-µg dose series for children six months through 4 years of age. Based on safety, tolerability, and immunogenicity data, the 3-µg dose was carefully selected as the preferred dose for children under five. The EUA…

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TikTok President Reasons Why Copying The Former Will Not Be Conducive For Facebook

TikTok's President of Global Business Solutions and former Meta Platforms, Inc (NASDAQ:META) Facebook veteran Blake Chandlee in a CNBC interview, shared how TikTok massively differed from Facebook. ByteDance Ltd-owned TikTok did not look to mimic Facebook. In contrast, Facebook struggled to win users by restructuring its Facebook and Instagram apps to emulate TikTok's popular short video format.…

Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Key Takeaways From Apple's Antitrust Lawsuit In UK

Market researcher Justin Gutmann prosecuted Apple Inc (NASDAQ:AAPL) on behalf of the U.K. iPhone users for allegedly misleading customers on a controversial power management tool, Bloomberg reports. Gutmann alleged Apple abused its influence to conceal a power management tool in the updates to hide the phone batteries' inefficiency in handling the new software's…

Twitter's Employees Can't Go To 'The Happiest Place On Earth' In 2023, Cost Cutting Measures Hit Company Travel

Twitter Inc (NYSE:TWTR) is ditching a companywide retreat scheduled for January 2023 at Walt Disney Company (NYSE:DIS) Disneyland - 'The Happiest Place On Earth,' Bloomberg reports. Twitter cited cost-cutting measures to reduce corporate travel behind the move. The company's occasional gathering, known as 'OneTeam,' was last held in early 2020 in Houston before the…

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Alibaba, Other Chinese Stocks Brace For Uncertainty As US Looks To Monitor, Restrict Investment In China

Congress pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains, the Wall Street Journal reports. The action would require American companies and investors to disclose new outbound investments with a new interagency panel to review and block investments on national…

ResMed Strengthens Its Out-Of-Hospital Software Solutions Position With Latest Acquisition - Read How

ResMed Inc (NYSE:RMD) has agreed to acquire privately-held MEDIFOX DAN, a Germany-based provider of out-of-hospital software solutions, from Hg, a software and services investor. MEDIFOX DAN's clinical, financial, and operational solutions are similar to ResMed's U.S. SaaS brands, MatrixCare and Brightree. MEDIFOX DAN's German customer base is complementary to the customers of ResMed's U.S.-based…

Spotify To Scoop Company Behind Val Kilmer's Voice In Tom Cruise Blockbuster

Spotify Technology SA (NYSE:SPOT) agreed to acquire Sonantic. Sonantic is a dynamic AI voice platform that creates compelling, nuanced, and stunningly realistic voices from the text. The financial terms of the transaction remain undisclosed. Sonantic technology helped bring Val Kilmer’s voice to life in Tom Cruise’s blockbuster Top Gun: Maverick, the TechCrunch reports. Kilmer was…

Here's What It Will Take For Netflix To Win Streaming War

Analysts grow cautious regarding Netflix, Inc (NASDAQ:NFLX) over brewing competition in the post-Covid world. Needham analyst Laura Martin saw Netflix as unlikely to win the Streaming Wars pending launch of a lower-priced ad-driven tier, adding Sports and News content, bundling with other products, and acquiring an extensive film and TV content library. Every major streaming competitor does one or…

British Antitrust Watchdog Comes After Apple, Google: All You Need To Know

Britain's antitrust body looked to probe the market dominance of Apple Inc (NASDAQ:AAPL), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's mobile browsers. The Competition and Markets Authority's (CMA) probe also encompassed the iPhone maker's restrictions on cloud gaming through its app store. The CMA also took enforcement action against Google over its app store payment practices. The CMA claimed that the two tech…

US Schedules Covid-19 Vaccines For Children Below Five Years

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

Meta Promotes Veteran Officer To Newly Formed Position Of CISO

Facebook parent Meta Platforms, Inc (NASDAQ:FB) named a VP to the newly created position of the chief information security officer, Reuters reports. Guy Rosen confirmed the appointment via a tweet. CEO Mark Zuckerberg reportedly asked Rosen to assume the job citing it as "another step to elevate this security work in our DNA - and…

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