Lundbeck also known as H. Lundbeck A/S is a Danish international pharmaceutical company founded in 1915 and headquartered in Copenhagen, Denmark. It specializes in research, development, manufacturing, marketing, and sale of pharmaceuticals across the world. According to reports, Lundbeck has announced plans to acquire Longboard a U.S.-based pharmaceutical for $2.6 billion USD to boost its…
Boeing To Layoff 17,000
Boeing, the American multinational company that designs, manufactures, and sells airplanes, rockets, satellites, and security systems, has announced plans to lay off 17,000 employees, which amounts to 10% of its global workforce, in a cost-cutting initiative as the company plans to stay competitive and address its financial woes following a $5 billion USD loss in…
TD Bank To Pay $3 Billion Fine
TD Bank Group, also known as Toronto-Dominion Bank, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. It was founded in 1955 through a merger of the Bank of Toronto and the Dominion Bank. It is also the 10th largest bank in the United States. According to reports, TD Bank pleaded…
ByteDance To Layoff Over 700
ByteDance, the parent company of the social media platform TikTok, has announced plans to lay off more than 700 workers from its Malaysian unit as part of a restructuring initiative towards greater use of artificial intelligence in content moderation. According to reports, the layoffs are part of a broader plan to improve its moderation operations…
Elon Musk To Unveil Tesla’s Cybercab Robotaxi
Elon Musk is set to unveil Tesla’s robotaxi known as the Cybercab today at the “We Robot” event at 7 p.m. Pacific Time at Warner Bros. Hollywood studio in California. According to reports, the Cybercab features a sleek design with butterfly doors and only 2 seats and will likely be without a steering wheel or…
Russia To Ban Discord Application
Russia’s communications regulator, Roskomnadzor, has announced plans to ban Discord, a popular communication platform, due to non-compliance with the country’s laws. According to reports, Roskomnadzor accused the platform of posting extremist content, including child sexual abuse material, which is not in line with the country’s localization laws. The report further mentions that the Russian military…
GSK: $2.2 Billion United States Courts Settlement
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…