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After UK, New COVID-19 Strain Found in Australia, the Netherlands, and Denmark
December 22, 2020 01:54 AM GMT| By Kunal SawhneyJust as the world celebrated the launch of new COVID-19 vaccines, a new virus mutation detected which is highly contagious. The new strain initially detected in parts of the UK, was also found in a few other nations. With the emergence of th.....
Lockheed Martin (NYSE: LMT) snaps a $4.4-Bn deal for Aerojet Rocketdyne
December 21, 2020 08:34 AM GMT| By Kunal SawhneyIn a move to beef up its technological advancement in aerospace, US-based defence technology company Lockheed Martin Corporation (NYSE: LMT) is going to acquire Aerojet Rocketdyne Holdings, Inc. in an all-cash deal estimated at around $4.4 billion......
Amazon asks CDC for early COVID-19 vaccination of its essential workers
December 21, 2020 07:04 AM GMT| By Edita Ivancevicroposal gets accepted, all workers should receive their jabs in Phase 2a. Amazon is trying to persuade the Centre for Disease Control and Prevention (CDC) to give all Amazon essential workers early access to the coronavirus vaccine. In a letter...
The Roku-WarnerMedia deal: What’s in store for Americans
December 21, 2020 05:18 AM GMT| By Edita Ivancevicst subscriptions for HBO Max, which currently has around 12.7 million subscribers. The streaming service HBO Max is finally available on the Roku (NASDAQ: ROKU) devices. The breakthrough joint-service started on 17 December. WarnerMedia, the co...
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US Congress Strikes USD 900 Billion Stimulus Deal for Coronavirus
December 21, 2020 05:09 AM GMT| By Team Kalkine MediaThe relentless coronavirus pandemic has forced the US Congress to provide further stimulus to the ailing economy. After marathon negotiations, the stimulus deal finally saw the light of day on Sunday, 20 December 2020, when the US lawmakers agreed .....
What’s Facebook & Apple’s latest feud all about?
December 21, 2020 02:18 AM GMT| By Edita Ivancevicll hurt small and middle-sized businesses that largely depend on personalised ads. Public disputes between tech giants Apple (NASDAQ:AAPL) and Facebook (NYSE:FB) are no secret, but tensions in recent days have escalated over new privacy policies...
Alarm Bells in the UK Over new COVID-19 Virus Mutation
December 21, 2020 01:48 AM GMT| By Hina ChowdharyViruses show mutation regularly, and researchers have found multiple mutations among different samples of the novel coronavirus, the virus that causes COVID-19. Some of the mutants do not have any effect on the spreads of virus or severity of sympt.....
Tesla’s (NASDAQ: TSLA) Inclusion in S&P 500: 10 key things to know
December 20, 2020 12:23 AM GMT| By Kunal SawhneyCalifornia-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) is scheduled to be included in the broader benchmark S&P 500 from 21 December, which will make it Wall Street’s sixth largest company by market capitalization. The S&a...
Cyberpunk 2077 removed from Sony’s PlayStation Store, online buyers offered refunds
December 19, 2020 01:29 PM GMT| By Kunal SawhneySony Interactive Entertainment (SIE) has removed the much-anticipated Cyberpunk 2077 game from the PlayStation Store. The company is now offering refunds to the customers who had purchased the game through its online stores. It happened just a week.....
Microsoft’s plan of in-house chip deals a heavy blow on Intel’s stock
December 19, 2020 01:26 PM GMT| By Hina ChowdharyThe shares of Intel dropped significantly over 6% by the market close on 18 December 2020. The technology industry and stock market participants have been recently showing concerns over Intel’s future revenue prospects as Microsoft plans...
FDA greenlights Moderna’s COVID-19 vaccine
December 19, 2020 05:22 AM GMT| By Hina ChowdharyFor a world striving to emerge out of COVID-19 gloom, the light at the end of the tunnel just got brighter. Adding to the hope for the future, another vaccine to prevent the coronavirus has got the green light to hit the sales counters. Just a wee.....
Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 19, 2020 04:11 AM GMT| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US banks can now buy back shares post green signal from Fed
December 19, 2020 03:26 AM GMT| By Hina ChowdharyShare repurchases or share buybacks are heavily preferred by US companies as a part of shareholder returns. Federal Reserve has given a green signal on share repurchases by US bank for the first quarter of 2021. The decision comes after the late.....
COVID-19 blues hit Coca Cola, thousands to lose jobs
December 19, 2020 03:23 AM GMT| By Kunal SawhneyCoca Cola has sprung to limelight after announcing its plan to lay off 2,200 workers around the globe. The Company had to take this step as a part of its restructuring plan, which was necessitated because of unpalatable COVID-19 repercussions. In .....
US lawmakers to get Covid-19 vaccine soon, Moderna vaccine gets advisory backing
December 18, 2020 12:16 PM GMT| By Team Kalkine MediaSummary US lawmakers are expected to get inoculated with the Pfizer-BioNTech vaccine in next few days The Office of the Attending Physician has informed the Members of the House about the eligibility criteria Meanwhile, an external panel has a.....
Cannabis Companies Tilray And Aphria Announce £2.8bn Merger
December 18, 2020 10:09 AM GMT| By Hina ChowdharyCanada cannabis companies Aphria Inc and Tilray Inc have agreed to merge their business to form the world’s largest weed firm by sales. Tilray and Aphria have announced an all-share deal giving the new company a stock market valuation of C$4......
Ahead of an IPO, Robinhood agrees to pay US$65 million to settle SEC charges
December 18, 2020 09:47 AM GMT| By Edita IvancevicRobinhood, a financial service company, will pay US$65 million (A$85 million) to settle the government lawsuit in regard to not disclosing full information of its dealings with high-speed traders, and also not providing the best deal prices to its .....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 07:15 AM GMT| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
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Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 04:58 AM GMT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
Bitcoin hits fresh all-time high, pips $23,000 for the first time in history
December 17, 2020 01:42 PM GMT| By Team Kalkine MediaSummary Bitcoin has hit a fresh all-time high over $23,000. In the last 24 hours, the crypto asset has leapfrogged 3,000-mark levels and is nearing $24,000 According to the data available with Binance, Bitcoin has gained over 170 per cent in t.....
