Formycon halts a Phase III trial for biosimilar FYB206 after encouraging U.S. FDA feedback, highlighting a strategic pivot to save costs. The decision is
Bain Capital withdrew from seeking a controlling stake in Fujisoft, leaving KKR as the leading bidder. KKR’s increased offer of ¥9,850 outbid Bain’s initial
Blue Origin is reducing its workforce by 10% to streamline operations, mainly affecting its Huntsville engine production hub. This strategic downsizing targets engineering, R&D,
Silicon Valley tech giants like Apple, Amazon, and Google are major forces in global finance and innovation. Apple uses significant stock buybacks to enhance shareholder value and maintain market leadership. Amazon invests in logistics and cloud computing, dominating in both areas with rapid delivery and expansive server farms. Google ventures into new technologies, focusing on autonomous vehicles and renewable energy
Samsung has unveiled a solid-state battery featuring a silver-carbon composite anode, promising to revolutionize electric vehicle (EV) performance. The new battery offers impressive capabilities, such as a 600-mile range on a single charge and 80% recharge in nine minutes. A lifespan of
Katy Perry’s highly publicized space mission with Blue Origin aimed to represent feminist progress but received significant backlash. The criticism centered on the timing of such a spectacle during periods of economic hardship and its perception as tone-deaf. Fast-food chain Wendy’s and
Tung Nguyen’s career in automotive journalism is driven by a lifelong passion for cars, inspired by childhood influences like Transformers and Gran Turismo. His expertise spans over a decade, covering sharp news reporting, immersive features, and complex car reviews, enriching his legacy
The UK aims to lead in renewable energy amidst global economic shifts, countering the US’s renewed focus on fossil fuels. Prime Minister Keir Starmer’s government introduces substantial funding and infrastructure upgrades to attract green energy investors. A $399.4 million commitment to offshore
AbbVie surpassed quarterly earnings expectations, driving a 3.10% stock increase, significantly outpacing the 0.6% rise of the S&P 500 index. Net revenues in Q1 reached $13.3 billion, reflecting an 8% increase, primarily driven by the success of Skyrizi and Rinvoq, which generated
Tesla faces a complex crisis with a 71% drop in quarterly profits, driven by geopolitical tensions and CEO Elon Musk’s political dealings. Musk plans to shift focus back to Tesla, moving away from controversies and his involvement with the Department of Government
Electric vehicles (EVs) in Vermont have surged by 41% in the past year, totaling nearly 18,000 EVs. A significant 12% of new car registrations in Vermont are EVs, reflecting a strong trend towards sustainability. The state supports EV adoption with 459 public
Trump Coin (TRUMP) defied market predictions by soaring 8%, surprising many analysts and traders. The surge followed a significant $310 million token unlock, contradicting expectations of a decline. The TRUMP community is driven by political zeal and meme culture, rather than traditional
A young college student, Owen McIntire, is accused of setting fire to two Tesla Cybertrucks using a Molotov cocktail, causing significant damage to both the trucks and the dealership’s charging stations. The incident was captured through surveillance footage and eyewitness accounts, highlighting