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Healthcare Billing Tech Provider Cedar Cares Valued At $3.2B In Latest Funding Round: Bloomberg
Tuesday, March 9, 2021 - 8:31am | 249Read More...Health-care billing technology provider Cedar Cares Inc has reportedly raised $200 million in financing from the latest funding round, valuing it at $3.2 billion, Bloomberg reports. The $200 million investment was led by Tiger Global Management, followed by Andreessen Horowitz,...
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Fintech Focus For March 9, 2021
Monday, March 8, 2021 - 6:49pm | 1938Read More...Quote To Start The Day: “If I look at trading when I started, I would say a phone or occasionally a computer got broken at least once a week, or once every two weeks,” Dunn, Citigroup’s global co-head of rates trading, said during a virtual roundtable last week, held ahead of...
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JD Could Withdraw Fintech Arm IPO Amidst Regulatory Crackdown: Report
Monday, March 8, 2021 - 8:23am | 592Read More...Chinese e-commerce major JD.Com Inc’s (NASDAQ: JD) fintech unit, JD Technology, will likely withdraw its IPO application on Shanghai’s technology-heavy Star Market amidst China’s widespread crackdown on the extensive online finance industry, Bloomberg reports...
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Bitcoin Volatility On Path To Drop Below Amazon's, Analysts Say
Friday, March 5, 2021 - 2:38pm | 364Read More...What Happened: Annual Bitcoin volatility will drop below that of Amazon Inc. (NASDAQ: AMZN) in a few years if past patterns prevail, according to analysts from Bloomberg. In a Crypto Market Outlook report, analysts found that the Bitcoin volatility regression line is on track to...
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Legal Tussle With Amazon Puts Microsoft's $10B JEDI Contract In Jeopardy: Bloomberg
Friday, March 5, 2021 - 2:20pm | 810Read More...Microsoft Corp (NASDAQ: MSFT) could lose the $10 billion contract to provide cloud computing services to the Pentagon, a deal the government has threatened to discard altogether after years of legal tussle, Bloomberg reports. What Happened: The U.S. Defense Department intended...
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SoftBank Strategy Chief To Depart Within Less Than Three Years: Bloomberg
Friday, March 5, 2021 - 12:32pm | 493Read More...Japanese investment conglomerate SoftBank Group Corp’s (OTC: SFTBF) (OTC: SFTBY) Chief Strategy Officer Katsunori Sago is planning to depart within less than three years at the company, as other executives gain importance, Bloomberg reports. The Goldman Sachs...
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China's Key Data Sharing Mandate Wreak Double Whammy For Tech Industry Amidst Increased Antitrust Probe: Bloomberg
Friday, March 5, 2021 - 11:07am | 765Read More...China’s instruction to technology giants regarding key data sharing acts as a double whammy for its tech companies recuperating from increased antitrust scrutiny, Bloomberg reports. The U.S. reportedly delayed license approval to American companies for selling chipmaking...
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Pfizer's Plant For Boosting COVID-19 Vaccine Production Has Been Rebuked For Repeat Quality Offenses: Bloomberg
Friday, March 5, 2021 - 10:08am | 385Read More...Pfizer Inc’s (NYSE: PFE) McPherson, Kansas plant used to accelerate production of its COVID-19 vaccine was cited by federal inspectors last year for repeated quality-control violations, reports Bloomberg. The FDA inspectors visited the plant at the end of 2019 into January...
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WHO, SII Warn Of Raw Materials Shortage For COVID-19 Shots, Cites US Law As 'Serious' Limit:' Bloomberg
Friday, March 5, 2021 - 10:01am | 416Read More...The head of Serum Institute of India (SII) and the World Health Organization’s chief scientist said that COVID-19 vaccine makers are amid a global shortage of the raw materials to manufacture the shots, Bloomberg reported. SII’s CEO Adar Poonawalla told a World Bank panel that a U...
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Blackstone Explores Minority Stake Acquisition In India's Sify: Bloomberg
Friday, March 5, 2021 - 6:33am | 415Read More...Investment firm Blackstone Group Inc (NYSE: BX) is in talks for acquiring a minority stake in India’s ICT service & solution provider Sify Technologies Ltd (NASDAQ: SIFY), Bloomberg reports. Sify has reportedly sought a valuation between $1 billion to $...
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Study Reports Some Cases Of Delayed Rash After Moderna COVID-19 Vaccine Dose: Report
Thursday, March 4, 2021 - 9:22am | 332Read More...According to a New England Journal of Medicine report, some people experienced delayed skin rashes after receiving Moderna Inc’s (NASDAQ: MRNA) COVID-19 shot, writes Bloomberg. Researchers reported details on 12 cases of reactions that appeared eight or more days after...
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Walmart's Indian Subsidiary Flipkart Explores US Listing Via SPAC: Bloomberg
Thursday, March 4, 2021 - 9:06am | 325Read More...Walmart Inc (NYSE: WMT)-owned Indian online retailer, Flipkart, is contemplating going public in the U.S., including special purpose acquisition company (SPAC) merger as one option, Bloomberg reports. Flipkart has reportedly approached several SPACs and could seek a valuation of a...
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CMA To Probe Apple Over App Store Antitrust Allegations: Bloomberg
Thursday, March 4, 2021 - 8:54am | 335Read More...U.K. antitrust regulator, the Competition and Markets Authority, opened a probe into Apple Inc’s (NASDAQ: AAPL) alleged leading position in the supply of apps on iPhones and iPads in a bid to restrict competition, Bloomberg reports. The investigation is preceded by Brexit...
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Amazon To Debut 2,500-Square-Foot Cashierless Store In London: Bloomberg
Thursday, March 4, 2021 - 7:57am | 286Read More...Amazon.Com Inc (NASDAQ: AMZN) to launch cashierless stores in the U.K.in a bid to expand its automated checkout technology outside the U.S., Bloomberg reports. The initiative will mark the debut of its first brick-and-mortar store outside the U.S. It is a 2,500-square-foot Amazon...
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Novavax Partners With Poland's Mabion For COVID-19 Vaccine Production: Bloomberg
Wednesday, March 3, 2021 - 1:37pm | 252Read More...Poland-based biotech firm Mabion has signed a preliminary agreement to manufacture Novavax Inc's (NASDAQ: NVAX) COVID-19 vaccine, reports Bloomberg. The polish company will get 40 million zlotys ($11 million) in loans and equity from a state-run fund to support doubling its...
