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Tesla Supplier Panasonic Trails Samsung In Battery Patents, But Japan Tops Overall: Study
Monday, September 28, 2020 - 2:38am | 395Japan is the world leader in battery innovations holding more than one-third of the total patents in this space, according to a joint study conducted by the European Patent Office and the International Energy Agency. What Happened: The study found that 2,339 Japanese applications for international...
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Google Continues Antitrust Practices In Shopping Search Even After $2.7B EU Fine: Report
Monday, September 28, 2020 - 1:18am | 430Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google is under fire in the European Union for failing to alter its business practices even after it was fined, the Financial Times reported Sunday. What Happened: A study commissioned by 25 shopping sites that looked at 10.5 billion clicks...
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Spotify CEO Commits $1B To Aid Europe In Fight Against Silicon Valley Selfishness
Friday, September 25, 2020 - 2:01am | 400Spotify Technologies SA (NYSE: SPOT) CEO Daniel Ek wants to give nascent European technology start-ups a boost so that they can grow up to compete with Silicon Valley leviathans, the Financial Times reported Thursday. What Happened: Ek, whose wealth is estimated to be around $3.8 billion...
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JPMorgan Looks To Settle Spoofing Allegations for $1B: FT
Thursday, September 24, 2020 - 4:41am | 373JPMorgan Chase & Co (NYSE: JPM) is negotiating a settlement with authorities in the United States that would resolve allegations related to alleged manipulation of metals and Treasuries markets, the Financial Times reported Wednesday. What Happened: The $1 billion settlement would bring to halt...
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Facebook, Twitter, YouTube Make Peace With Advertisers Over Harmful Content: FT
Wednesday, September 23, 2020 - 5:14am | 422Facebook Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR), and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) online video platform Youtube have reconciled with big advertisers over harmful content, according to a Financial Times report. In a bid to manage a fallout with advertisers...
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Scientists Question Why AstraZeneca COVID-19 Vaccine Trial Remains On Hold In US
Wednesday, September 23, 2020 - 3:50am | 436Scientists are questioning why AstraZeneca Plc’s (NYSE: AZN) COVID-19 vaccine clinical trials remain paused in the United States even as other countries move forward. What Happened: The British pharma company’s trials were temporarily grounded across the globe after one of the...
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YouTube Finds Machines Really Suck At Moderating Content
Monday, September 21, 2020 - 2:58am | 473Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) video-sharing platform YouTube is shifting back to human moderators for monitoring online content after months of increased reliance on artificial intelligence, according to the Financial Times. What Happened: It may seem that using...
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Trump Said TikTok Deal Would Create $5B Patriotic Education Fund. ByteDance Says It Has No Clue
Sunday, September 20, 2020 - 11:16pm | 362President Donald Trump suggested Saturday that the TikTok deal he gave his "blessing" to involved a $5 billion education fund for the United States, but ByteDance claims it didn't hear of this until media reports emerged. What Happened: “They are going to pay $5bn into a...
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TikTok Parent Proposes US IPO Post-Oracle Deal To Gratify Trump
Thursday, September 17, 2020 - 10:45pm | 363ByteDance plans to take TikTok public in the United States after it forms a partnership with Oracle Inc (NYSE: ORCL), the Financial Times reported Wednesday. What Happened: The Chinese parent of TikTok made a commitment to list the short-form video app's shares in the U.S. as a part of its...
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Kodak Shares Jump 24% As Independent Review Finds It Violated No Law
Wednesday, September 16, 2020 - 4:13am | 352Eastman Kodak Company’s (NYSE: KODK) shares jumped in pre-market session Wednesday as the special committee appointed by its board declared the outcome of its independent review on the company’s handling of stock options to the CEO. What Happened: The committee remarked that...
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TikTok To Operate As A US Company Worldwide, With ByteDance As Majority Stakeholder: FT
Wednesday, September 16, 2020 - 2:06am | 430ByteDance-owned short-form video app TikTok will operate as a standalone company based in the United States encompassing its entire global operations, where Oracle Corporation (NYSE: ORCL) would hold a minority stake, the Financial Times reported Tuesday. What Happened: Oracle will also have a...
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Not Just SEC, Justice Department Too Probing Short Seller Allegations Against Nikola: Report
Tuesday, September 15, 2020 - 11:10pm | 372Short seller allegations against Nikola Corporation (NASDAQ: NKLA) have caught the eye of the United States Department of Justice, the Financial Times reported Tuesday. What Happened: The inquiry into the electric vehicle startup is being handled by the U.S. Attorney’s Office for...
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UBS Chairman Plots Merger With Credit Suisse To Create European Banking Titan: FT
Tuesday, September 15, 2020 - 4:03am | 369At a time when the global economy is facing a slowdown, two leading European banks are pondering the possibility of upscaling by merging business operations. What Happened: UBS Group AG (NYSE: UBS) and Credit Suisse Group AG (NYSE: CS) are chalking out a merger plan, according to...
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Video Game Software Maker Unity To Let Investor Bids Dictate IPO Offer Price
Friday, September 11, 2020 - 4:49am | 424Two weeks after Unity Software Inc initially announced its plans to go public, the company filed an amended securities registration form with the details of the offering. The update filed on Sept. 9 disclosed that the company would issue 25 million shares with an initial public offering offer ...
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SoftBank Loses $15B Market Valuation This Week As Investors Concerned Over Exposure To US Tech Stocks
Wednesday, September 9, 2020 - 4:54am | 451Softbank Group Corp (OTC: SFTBY) ADR’s have dropped around 13% since the beginning of the month. According to the Financial Times, the company has lost $15 billion in market cap this week alone, as its shares tank in Tokyo on investor concerns related to its exposure to United States tech...