Reuters

The European Data Protection Supervisor (EDPS) has launched two investigations into Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp’s (NASDAQ: MSFT) cloud computing services to the E.U. institutions over concerns regarding Europeans’ data transfer to the U.S.,...

A U.S. judge rejected Bayer AG’s (OTC: BAYRY) plan to try and limit the cost of future class action claims that its Roundup weedkiller causes cancer, saying that parts of the plan were “clearly unreasonable,” reports Reuters. The company called into question the...

Eli Lilly and Co (NYSE: LLY) has received a subpoena from the U.S. Department of Justice related to its New Jersey plant that makes its COVID-19 treatment, bamlanivimab, reports Reuters. The subpoena requested certain documents relating to its site in Branchburg, New Jersey. It did...

Republican Senator Josh Hawley opposed Amazon.com Inc’s (NASDAQ: AMZN) $8.45 billion MGM Studios acquisition by labeling the e-commerce retailer “a monopoly platform” in a tweet, Reuters reports. Senate’s antitrust panel chair, Democratic Senator Amy...

General Motors Co (NYSE: GM) announced it resumes production at five global assembly plants, partially ending the global semiconductor chip crisis-induced production halt, Reuters reports. GM will resume production at four plants in the U.S., Mexico, and Canada from next week. Two plants...

A Russian court has penalized Twitter Inc (NYSE: TWTR) 7 million roubles ($95,310) for retaining banned content, Reuters reports. More penalties are expected later in the day. Previously Russia reported Twitter’s compliance at a delayed pace with the country’s...

The European Union took on AstraZeneca Plc (NASDAQ: AZN) in a Brussels court and accused it of diverting doses promised to the bloc to other nations. EU’s lawyer, Rafael Jafferali, asked the court to force the company to pay €10 per dose for each day of delay as...

Belgium is suspending vaccinations with Johnson & Johnson's (NYSE: JNJ) COVID-19 vaccine for people under the age of 41 following the death of a woman from severe side effects after receiving the shot. "The Inter-ministerial conference has decided to temporarily administer...

Japan's Nipro Corporation has signed an agreement to supply AstraZeneca Plc's (NASDAQ: AZN) COVID-19 vaccine in Japan, reports Reuters. Nipro said that the contract was for filling the shot into vials and packaging, due to start in June. Japan's government has...

Mexico Foreign Minister Marcel Ebrard said that the country would begin phase 3 trials for COVID-19 vaccines by Sanofi SA (NASDAQ: SNY) and China's Walvax soon. Mexico's health regulator Cofepris approved trials of the Sanofi vaccine, which uses a recombinant...

LG Corp and State-owned Indonesia Battery Corporation (IBC) have collaborated to build a $1.2 billion new battery plant with 10-gigawatt hours (GWh) capacity, Reuters reports based on Indonesian investment minister. Last year, Tesla Inc (NASDAQ: TSLA) supplier LG Energy...

The Israel government has signed over $1 billion public sector and military cloud service deal with Amazon.com Inc's (NASDAQ: AMZN) Amazon Web Services (AWS) and Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Reuters reports. Last month, AWS...

The Irish Data Protection Commission has offered a month and a half time to Facebook Inc (NASDAQ: FB) to respond to an investigation that may lead to a ban on its transatlantic data transfers based on a High Court order, Reuters reports. Facebook had challenged both the probe and...

Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) estimates a 5G market share hit in China due to Sweden’s exclusion of Chinese vendors from Sweden’s 5G network launches, based on Ericsson’s bond issue prospectus, Reuters reports. Interestingly, Ericsson has been invited...

Volkswagen AG (OTC: VLKAF) (OTC: VWAGY) expect a production hit for three segments of its Mexican unit from June onward due to the semiconductor chip crisis joining the likes of General Motors Co (NYSE: GM), Ford Motor Co (NYSE: F) and Toyota Motor...