Bill Gates lays out a possible timeline for a ‘stop-gap’ COVID vaccine
2020-08-05
His philanthropy has already poured millions into vaccine development and manufacturing. …Continue Reading
A big wrinkle in a Microsoft-ByteDance deal: Deciding how much TikTok is worth
2020-08-05
TikTok, whose sale is being pushed by the Trump administration, has never had a standalone valuation. …Continue Reading
7-Eleven’s Japanese parent pushes U.S. expansion with $21 billion deal for Speedway
2020-08-03
Speedway is the second-largest gas station chain in the U.S. …Continue Reading
Instacart shoppers are battling order-grabbing bots
2020-08-01
Third-party apps are grabbing the lucrative orders before human shoppers can even click. …Continue Reading
U.S. pledges $2.1 billion for up to 600 doses of Sanofi, GlaxoSmithKline vaccine
2020-07-31
The deal follows billions of dollars of U.S. commitments to other experimental vaccines—all still needing to show their effectiveness in testing. …Continue Reading
Former Malaysian prime minister sentenced to 12 years in 1MDB trial
2020-07-28
The High Court sentenced him for abuse of power, money laundering and criminal breach of trust. …Continue Reading
LVMH takes profit hit as pandemic forces buyers to cut back on luxury
2020-07-28
The halt to international travel and closure of boutiques slowed consumer purchases at brands like Louis Vuitton. …Continue Reading
Firm controlled by India’s richest man displaces Exxon as world’s No. 2 energy company
2020-07-27
Its shares have jumped 46% this year. …Continue Reading
Bill Gates says a COVID-vaccine maker he backed can produce 200 million doses by June
2020-07-27
The firm is pursuing its own vaccine and is manufacturing doses of the AstraZeneca-Oxford inoculation. …Continue Reading
Goldman Sachs reaches $3.9 settlement with Malaysia over role in 1MDB scandal
2020-07-24
The settlement is in return for Malaysia dropping all criminal and regulatory proceedings against the bank. …Continue Reading
Swedish epidemiologist says COVID-19 immunity likely lasts six months—even without antibodies
2020-07-22
“We don’t see cases of people falling ill twice from Covid-19.” …Continue Reading
Two college friends-turned-prolific hackers allegedly tried to steal COVID vaccine data for China
2020-07-22
A U.S. indictment against the pair revealed the details of their sprawling cyberspying operation. …Continue Reading
EU leaders agree on $860 billion coronavirus recovery fund
2020-07-21
“I am very relieved,” Angela Merkel said. “We have come up with a response to the biggest crisis the EU has faced.” …Continue Reading
Startups are already moving data and employees out of Hong Kong over its new security law
2020-07-21
Entrepreneurs now face a wave of concern from overseas clients and suppliers about the law’s implications. …Continue Reading
Jeff Bezos is now personally worth more than the market valuation of Exxon, Nike, and McDonald’s
2020-07-21
He recorded the largest-ever single-day jump for an individual on Monday …Continue Reading
Shares of tiny U.K. firm up 2,581% for year after drug reduces risk of worst COVID-19 symptoms
2020-07-20
The probability of a patient requiring ventilation or dying dropped 79% when they received the drug. …Continue Reading
Crown jewel of Jack Ma’s Alibaba empire plans simultaneous IPOs
2020-07-20
It was valued at $150 billion in its last funding round. …Continue Reading
China to sanction Rubio and Cruz in retaliation for U.S. legislation over Xinjiang
2020-07-13
The move by Beijing to sanction four U.S. senators is largely symbolic …Continue Reading
The world’s wealthy are worried they wouldn’t survive another pandemic
2020-07-13
Even those at the top are considering moving closer to family, curtailing travel—and even moving out to the country …Continue Reading
Thailand advances one of the first coronavirus vaccines developed outside rich nations
2020-07-13
It’s already produced satisfactory antibodies in monkeys and mice. …Continue Reading
How India became an unlikely M&A hotspot
2020-07-09
It accounts for more than 12% of Asia-Pacific deals this year, the highest ratio since at least 1998 …Continue Reading