Astellas Pharma, Japan’s third-largest drugmaker by sales, has announced its biggest-ever acquisition with the purchase of US-based Iveric Bio for around $5.9 billion. The deal marks the company’s fifth major overseas acquisition since 2019, as it looks to shore up its pipeline with new treatments following the loss of patent protection for its main products….
G7 agrees on “risk-based” regulation for AI, ChatGPT in focus
Digital ministers from the Group of Seven (G7) nations have agreed on Sunday to adopt “risk-based” regulations on artificial intelligence (AI), in a move that sets a landmark for how major countries govern AI amidst privacy concerns and security risks. The G7 ministers said that such regulations should “preserve an open and enabling environment” for…
Qube Holdings expands into New Zealand and Australian resources industry with strategic acquisitions
SYDNEY, AUSTRALIA: Qube Holdings Limited, an Australian logistics company, has announced the acquisition of a 50% stake in Pinnacle Corporation Limited, a New Zealand-owned and operated group of companies, as well as 100% of Kalari Proprietary Limited, a leading logistics provider to the Australian mining and resources industry. Qube Holdings is a diversified logistics and…
Camplify Holdings settles final consideration for acquisition of Mighway and SHAREaCAMPER
SYDNEY, AUSTRALIA: Camplify Holdings Limited (ASX: CHL), an Australian-based RV and camper sharing platform, has announced the completion of the acquisition of Mighway and SHAREaCAMPER from Tourism Holdings Limited (THL). The final purchase price for the transaction is $7.37 million AUD, payable in CHL shares. The payment was divided into two tranches, with the first…
Kazia Therapeutics CEO Dr James Garner Resigns, Dr John Friend Assumes Role
SYDNEY, AUSTRALIA: Kazia Therapeutics Limited , an oncology-focused drug development company, today announced that Chief Executive Officer and Managing Director, Dr James Garner, has resigned from the company Dr John Friend, Chief Medical Officer of Kazia, will immediately assume the role of Chief Executive Officer, and will in due course join the Board as Managing…
Southern Cross Media announces CEO succession with John Kelly to succeed Grant Blackley
Southern Cross Media Group Limited (ASX: SXL) (SCA) has announced that its current CEO and Managing Director, Grant Blackley, will step down on June 30, 2023. The current Chief Operating Officer, John Kelly, has been appointed to succeed him, effective July 1, 2023. Mr. Blackley will spend the next two months providing a comprehensive transition…
Clean TeQ Water CEO Willem Vriesendorp has tendered his resignation
SYDNEY, AUSTRALIA: Clean TeQ Water Limited advised that Willem Vriesendorp has tendered his resignation as Chief Executive Officer (CEO) of the Company to pursue other opportunities. The Board has accepted his resignation effective immediately. Mr Vriesendorp will continue with the Company in an advisory role over the coming period to ensure a smooth transition. The…
Greenwing Resources CEO, Craig Lennon will step down
SYDNEY, AUSTRALIA: Greenwing Resources Ltd (ASX: GW1) announced that Craig Lennon will step down as the Chief Executive Officer (CEO) at close of business on 30 June 2023. The Greenwing Resources Board will now commence an executive search for CEO candidates with appropriate resource and project development experience. Greenwing Chairman, Rick Anthon said: “During his…
US Bitcoin mining costs soar to $17,000 per BTC due to rising electricity rates and operational costs
The cost of Bitcoin mining has surged to over $17,000 per coin in the United States, up from the $5,000-10,000 range a year ago, due to rising electricity rates across the country. This, combined with Bitcoin’s poor performance in 2022, has led to significant losses for miners. However, in Q1 of 2023, the hashprice rose…
Samsung’s Next-Generationg Galaxy Z Fold 5 and Galaxy Z Flip 5 to Offer Larger Cover Display and Teardrop Hinge Design”
Samsung, one of the leading manufacturers in the smartphone industry, is gearing up to launch its latest line of foldable devices, the Samsung Galaxy Z Fold 5 and Samsung Galaxy Z Flip 5. The market for foldable devices has become increasingly competitive in recent years, with companies such as Huawei, Motorola, and Xiaomi all releasing…
Tencent Cloud Launches Digital Human Production Platform for High-Definition Deepfakes
Tencent Cloud, a subsidiary of Chinese multinational conglomerate Tencent, has launched a new service called the “digital human production platform,” which is essentially a Deepfakes-as-a-Service (DFaaS) offering. The platform allows users to create high-definition digital humans using just three minutes of live-action video and 100 spoken sentences, along with a fee of $145. The digital…
Pakistani equity market holds ground on IMF program hopes, positive corporate results
Pakistan’s equity market remained steady in April 2023, thanks to the additional clarity provided on the potential resumption of the International Monetary Fund (IMF) program. According to recent reports, Pakistan shared a revised financing plan with the IMF, which includes assurances of USD 2.0 billion from Saudi Arabia and USD 1.0 billion from the UAE….