GSK plc, a British multinational pharmaceutical and biotechnology company, has agreed to pay $2.2 billion USD to settle around 80,000 Zantac lawsuits in the United States. According to reports, the discontinued version of Zantac, a popular heartburn medication, was pulled due to fears that a key ingredient, ranitidine, could turn into a substance that may…
Honda To Recall 2,000,000 Vehicles
Honda has issued a recall of approximately 2 million vehicles in North America due to a steering gearbox assembly issue that can make driving more difficult and increase the risk of a crash. There have been reports of 13 crashes and 11 instances where drivers lost control due to steering issues. Affected vehicles include 2022-2025…
Rio Tinto: $6.7 Billion Arcadium Acquisition Deal
Rio Tinto Group is a British-Australian multinational company and the world’s second-largest metals and mining corporation. It was founded in 1873 and is headquartered in London, England, and Melbourne, Australia. According to reports, Rio Tinto has announced plans to acquire Arcadium Lithium in a deal valued at $6.7 billion USD, positioning it as the world’s…
X Social Media Back Online In Brazil
The Supreme Court in Brazil has lifted the ban on X Social Media platform owned by Elon Musk, allowing it to resume operations in the country after it was banned five weeks ago on August 30 and was reported by Incognito blog. According to reports, this decision comes after X paid the fines, agreed to…
Foxconn: World’s Largest Chip Facility In Mexico
Foxconn, the multinational electronics manufacturer, announced that it is building the world’s largest manufacturing facility in Mexico to produce Nvidia’s GB200 chips designed for the Blackwell platform. According to reports, this partnership between Foxconn and Nvidia is aimed at accelerating the artificial intelligence industrial revolution as the demand for AI-driven chips has increased. The report…
Porsche To Recall 27,527 Vehicles
Porsche has issued a recall of 27,527 vehicles in the United States due to a potential issue with the high-voltage battery pack that may experience a short circuit and increase the risk of a fire. According to reports, affected vehicles include 2021-2024 Porsche Taycan models. Dealers will install diagnostic software in the vehicles and perform…
Israel: 365 Days Of War
One year and one day today, after the Israel – Gaza war that began on October 7, 2023, which involved a series of air strikes and militant groups that breached the Gaza–Israel barrier, attacking Israeli civilian communities and military bases. Which led to a war declaration. According to reports, 365 days later and no end…
Apollo: $3.6 Billion Barnes Group Acquisition Deal
Apollo Global Management has announced plans to acquire Barnes Group, the aerospace parts maker, in a deal valued at $3.6 billion USD to benefit from long-term aerospace trends at a time when travel demand is surging. According to reports, the deal is expected to close before the end of the first quarter of 2025 and…
ChargeScape Welcomes Nissan To Its Charging Technology
Nissan has announced plans to invest in ChargeScape, a leading electric vehicle charging infrastructure, and integrate the company’s charging technology into its electric vehicles in the United States and Canada. According to reports, after the transition Nissan will own a 25% stake in the company, becoming an equal investor in the joint venture alongside BMW,…
Blue Owl: $1 Billion IPI Partners Acquisition Deal
Blue Owl Capital Inc. also known as Blue Owl is an American alternative investment asset management company founded in 2021 and headquartered in New York City. It offers private market solutions to various clients, including institutional investors, financial advisors, growth tech companies and insurance companies. According to reports, Blue Owl has announced plans to acquire…