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Flash News Moderna $MRNA Moderna announced that it will strategically focus on securing up to 10 new product approvals over the next three years, a plan that includes increasing sales of its existing vaccines and reducing annual research and development spending by $1.1 billion by 2027. Disney $DIS Walt Disney Co and sports streaming provider FuboTV are nearing a deal to combine their online TV businesses, Bloomberg News reported on Monday, citing people familiar with the matter. Disney will merge its Hulu + Live TV business into FuboTV, creating a new business that will be 70% owned by Disney and the rest by FuboTV, the report said. United States Steel Corporation $X United States Steel Corporation and Japan's Nippon Steel Corp have filed a lawsuit challenging President Joe Biden's decision to block their proposed acquisition, saying the move violates constitutional guarantees of due process.
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Flash News Tesla $TSLA Tesla will fix software in 77,650 Model 3 and Model Y cars made in China due to security risks, China's market regulator said on Tuesday. Pfizer $PFE Sangamo Therapeutics announced on Monday that Pfizer has ended its collaboration to jointly develop a gene therapy for hemophilia A (HemoA), sending Sangamo shares down 50% on Tuesday. Wizz Air $WIZZ.L Wizz Air said on Tuesday it had signed a new support deal with RTX-owned defense and aerospace firm Pratt & Whitney amid engine problems, adding it expected 40 of its planes to remain grounded through fiscal year 2026.
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Flash News Alphabet $GOOG A subsidiary of Polish e-commerce platform Allegro filed a lawsuit against Google owner Alphabet, Google Ireland and Google LLC on Monday, seeking 2.33 billion zlotys ($568 million) in damages, citing allegations of anti-competitive practices, it said Allegro in his statement. Nvidia $NVDA NVIDIA Corporation plans to build a new headquarters in Taiwan, local news site Commercial Times reported on Monday, citing a government official familiar with the matter. Synopsys $SNPS EU antitrust regulators are poised to approve the $35 billion acquisition of U.S. software company Synopsys by Ansys, based on its promise to sell two assets, people with direct knowledge of the matter said on Monday.
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Flash News T-Mobile $TMUS US mobile operator T-Mobile said on Friday it will buy back up to $14 billion worth of stock by the end of 2025 as part of its previously announced plan to return up to $50 billion to shareholders over the next three years. Tesla $TSLA American automaker Tesla launched the "Actually Smart Summon" function in China. The autonomous driving feature, available in Tesla cars with enhanced Autopilot and fully autonomous driving, allows vehicles to drive autonomously from parking lots to a nearby location within the driver's line of sight. Boeing $BA Boeing said it plans to spend $1 billion to boost production of its 787 Dreamliner wide-body jets as the U.S. planemaker works to meet an earlier target of producing 10 planes a month by 2026.
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Mint Zora in the moon
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Flash News Alphabet $GOOG Google is investing more than $800 million in clean energy developer Intersect Power, along with TPG Rise Climate and other investors. The investment is part of Google's efforts to expand the capacity of its domestic data centers to meet growing demand for AI-powered cloud services. TSMC $TSM Sales of Taiwan Semiconductor Manufacturing Co. in November they increased by 34%. A key chip maker for Apple Inc. and Nvidia Corp. reported monthly sales of NT$276.1 billion (US$8.5 billion). Combined sales in October and November rose 31.4%, based on Bloomberg calculations. Micron Technology $MU The US Department of Commerce has confirmed a major subsidy exceeding $6.1 billion for Micron Technology, a leading manufacturer of memory chips. The funding is part of a strategic move to boost semiconductor manufacturing in the United States.
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FLASH NEWS Intel $INTC Intel Corp announced the appointment of two veteran semiconductor industry leaders to its board of directors. Eric Meurice, who has extensive experience in the industry, including significant stints as President, CEO and Chairman of ASML Holding, is one of the new appointees. Apple $AAPL Apple unveiled plans to invest $1 billion in a factory in Indonesia to make components for smartphones and other devices. The announcement came from Indonesia's investment minister on Thursday, following a recent ban on iPhone 16 sales in the country. TSMC $TSM Taiwan Semiconductor Manufacturing Co is in talks with Nvidia Corp to make its Blackwell artificial intelligence chips at a new plant in Arizona, three sources familiar with the matter said.
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FLASH NEWS Meta $META Meta Platforms will face trial in Spain in October 2025 over a 551 million euro ($582 million) complaint filed by more than 80 media companies accusing it of unfair competition in advertising, a Madrid court said on Friday. Amazon $AMZN Amazon employees in India, along with workers in other countries, went on strike on Black Friday over poor wages and working conditions. In India, about 200 warehouse workers and delivery drivers protested in New Delhi, demanding higher basic pay and better working conditions. Brookfield $BN Canadian asset manager Brookfield and Brazilian mall operator Iguatemi SA are nearing a deal to sell two malls in São Paulo, multiple sources familiar with the matter said.
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FLASH NEWS Meta $META Australia approved a ban on social media for children under 16 on Thursday after an emotional debate that gripped the nation and set a benchmark for jurisdictions around the world with one of the toughest regulations targeting big tech companies. Amazon $AMZN Telefónica Germany and Amazon Web Services (AWS) are working on a pilot project to test quantum technologies in the telecom operator's mobile network, executives from both companies said. Microsoft $MSFT The US Federal Trade Commission (FTC) has launched a wide-ranging antitrust investigation into Microsoft, including its software licensing and cloud computing businesses.
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FLASH NEWS MicroStrategy $MSTR MicroStrategy, Inc. once again significantly expanded its Bitcoin holdings, purchasing approximately 55,500 BTC for $5.4 billion in cash between November 18 and 24, 2024. Apple $AAPL India's antitrust authority has rejected Apple's request to suspend an investigative report that found the company violated competition laws, allowing the case to proceed, the regulator's internal order seen by Reuters showed. Samsung Electronics $SMSN.L A federal jury in Marshall, Texas has awarded Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology to improve data processing in high-performance memory products.
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FLASH NEWS Apple $AAPL Apple is set to ask a federal judge to dismiss a US Justice Department case accusing the company of monopolizing the smartphone market. The case claims that Apple's restrictions on third-party apps and devices stifle competition, but Apple says the restrictions are reasonable and necessary for innovation. Alibaba $BABA Alibaba has raised $5 billion in dual-currency bonds, China's biggest e-commerce company said on Wednesday, the biggest deal of its kind in the Asia-Pacific region this year. Qualcomm $QCOM Qualcomm said it was "positive" about the incoming administration of President-elect Donald Trump and was not concerned that proposed US tariffs on China would dampen its business in the country that generates nearly half of its revenue.
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"Streaming history has been rewritten, proving that sports continue to connect viewers across generations and platforms." Netflix said more than 60 million households worldwide watched the highly anticipated boxing match between Jake Paul and Mike Tyson, making it one of the most-watched sporting events on the platform. According to a Netflix spokesperson, this shows that live sports have the ability to attract viewers regardless of generation or platform, despite technical issues.
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FLASH NEWS Meta $META The European Commission on Thursday fined Meta Platforms 797.72 million euros ($840.24 million) for unfair practices in favor of Facebook Marketplace, it said in a statement, confirming an earlier Reuters report. Alphabet $GOOG The US Consumer Financial Protection Bureau (CFPB) has taken steps to bring Google under formal federal oversight, the Washington Post reported, in what could be another regulatory challenge for the tech giant. AMD $AMD Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it focuses efforts on developing artificial intelligence chips in an effort to compete with the industry leader.
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FLASH NEWS Apple $AAPL A Moscow court on Tuesday fined US tech giant Apple 3.6 million rubles ($36,889) for refusing to remove two podcasts that contained "information aimed at destabilizing the political situation in Russia," the news agency said RIA. Bezvavlasy $BEZVA.PR The cosmetic company Bezvavlasy announced in a press release the successful launch of operations on the Romanian market and the completion of the acquisition of the e-shop Cosmo.cz, specialized in the sale of perfumes and fragrances. It also plans to expand to Croatia in December. Morgan Stanley $MS Morgan Stanley has received final approval to start futures trading in China through a newly established unit, making it the second major US player in the world's second largest economy's derivatives market
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I just earned 0.19752863475465066 OP on Boost 👇
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I just completed "Introduction to DAOs with Tally" on Layer3 - https://app.layer3.xyz/quests/introduction-to-daos
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FLASH NEWS Lucid $LCID Electric car maker Lucid Group said on Tuesday it will start taking orders for its Gravity SUV on November 7 as it seeks to boost demand and attract a wider range of customers. Apple $AAPL Apple's week of announcements continued on Tuesday as the company unveiled its latest Mac mini desktop computer and an all-new M4 Pro chip, just ahead of the key holiday shopping season. Tesla $TSLA By 2040, there will be at least 10 billion humanoid robots with prices between $20,000 and $25,000 each, Elon Musk said at the 8th Future Investment Initiative conference, which began on Tuesday in the Saudi capital of Riyadh.
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FLASH NEWS Vale $VALE Brazil has accepted a settlement of 170 billion reais (about $29.9 billion) for the 2015 environmental disaster caused by Vale SA and BHP Group's iron ore mining joint venture. Intel $INTC Intel said Friday it will invest more than $28 billion to build two new chip factories in Licking County, Ohio. The initial phase of the project is expected to create 3,000 jobs for Intel. Eni S.p.A. $E Eni has announced that it will increase its annual share buyback program to 2 billion euros, well above its original plan for this year.
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