Eli Lilly and Co said on Friday it will acquire Versanis, a privately held biotech company developing a novel obesity drug, for potentially up to $1.93 billion, as it seeks to expand its presence in the lucrative weight-loss market. The…
LONDON: Standard Chartered has agreed to sell its subsidiaries in five sub-Saharan African countries to Nigeria’s Access Bank, as part of its plan to exit some of its less profitable markets in the region. The deal, which is expected to…
Did you forget to file your taxes in 2020 when the Covid-19 pandemic hit? If so, you might be missing out on a big chunk of money from the IRS. The good news is that you still have time to…
UK Apple Pay users can now turn their smartphones into contactless card readers for the first time, thanks to the new Tap to Pay feature. The feature, which was already available in the US, uses NFC technology and lets you…
eBay Inc., a global commerce leader, announced that it has completed its acquisition of Certilogo, a company that provides AI-powered digital IDs and authentication for apparel and fashion goods. Certilogo, based in Milan, uses digital technology to help brands and…
Exxon Mobil has announced that it will acquire Denbury Inc., a company that specializes in carbon capture, utilization and storage (CCUS) solutions, for $4.9B in an all-stock deal. The deal values Denbury at $89.45 per share, a slight premium to…
Elon Musk, the billionaire founder of Tesla, SpaceX and Twitter, revealed his latest venture on Wednesday: xAI, an artificial intelligence startup that aims to create a “maximally curious” AI that tries to understand the true nature of the universe. Musk,…
Collective, a platform that provides back-office services for solopreneurs, has raised $50 million in a funding round led by Google’s AI fund, Gradient Ventures. The company plans to use the funds to launch its new AI-driven financial management offering, which…
Samsung has launched its largest OLED TV ever, the 83-inch S90C, but it has a surprising twist: it uses an OLED panel from its rival LG. The TV, which is priced at $5,400 in the US, is the first Samsung…
Geely Automobile Holdings, China’s largest privately owned car maker, and Renault SA, France’s second-biggest car maker, have announced a joint venture to invest up to 7 billion euros in developing and producing gasoline engines and hybrid technology for automobiles. The…
Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple, has backed out of a $19.5bn deal with Vedanta Resources to build a semiconductor plant in India. The companies had announced the joint venture in August 2022,…
HONOR has launched its latest flagship smartphone, the HONOR 90, in Europe after debuting it in China last month. The phone boasts a 6.7-inch quad-curved AMOLED display with a 120Hz refresh rate, HDR10 Plus support, and several eye-protection features. It…