Reuters

A bipartisan group of U.S. lawmakers pleaded the Federal Trade Commission to press with a lawsuit against Facebook Inc (NASDAQ: FB), Reuters reports based on a Senator Amy Klobuchar's office statement. Klobuchar, Senator Mike Lee, and Representatives David Cicilline and Ken...

Federal judge Beth Labson Freeman agreed to prosecute Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google for allegedly recording private conversations of people who accidentally triggered its voice-activated Voice Assistant on their smartphones, Reuters reports. The...

Swiss technology group ABB Ltd (NYSE: ABB) plans to list its e-mobility division on the stock market next year in a deal that could value the business at about $3 billion, Reuters reports. The e-mobility business, which makes fast chargers for electric cars and buses, benefits from...

Novartis AG (NYSE: NVS) could get into the field of messenger ribonucleic acid (mRNA) technology, reported Reuters, citing Chairman Joerg Reinhardt in a newspaper interview. In the Aargauer Zeitung interview, Reinhardt also highlighted the company's interest in anti-infective...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) backed cloud-based logistics platform, ShipBob, has raised $200 million in a Bain Capital Ventures led late-stage funding round, Reuters reported. The funding round more than doubled its valuation, lifting it to unicorn status of $1 billion...

The European Commission (EC) picked four antibody treatments and a repurposed Eli Lilly And Co's (NYSE: LLY) rheumatoid arthritis drug for an initial portfolio of preferred medications to treat COVID-19, reports Reuters. The selection of drugs is part of the E.U. Strategy...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) Vision Fund II backed Chinese grocery app, Dingdong has downsized its U.S. initial public offering size to almost 25% of its previous plan, Reuters reports. It plans to sell 3.7 million American Depositary Shares (ADSs) priced between $23.50...

What Happened: The world’s largest interdealer broker TP ICAP Group PLC (LON: TCAP), plans to launch a digital asset exchange after partnering with Standard Chartered PLC (LON: STAN) and Fidelity Investments. According to a report from Reuters, the platform will allow...

Serum Institute of India's (SII) CEO Adar Poonawalla said he was trying to resolve EU travel problems facing Indians inoculated with SII's licensed version of AstraZeneca Plc's (NASDAQ: AZN) COVID-19 vaccine. "I have taken this up at the highest levels and hope...

Qualcomm Inc (NASDAQ: QCOM) plans to collaborate with over 40 carriers and telecommunications gear providers committed to the faster variant of 5G networking technology, Reuters reported. The companies include China Unicom (Hong Kong) Ltd (OTC: CHUFF), Chunghwa Telecom Co...

Billionaire investor Daniel Loeb's hedge fund, Third Point-backed cybersecurity firm SentinelOne Inc (NYSE: S), aims to raise $1.02 billion from the sale of 32 million shares at $31 - $32 per share in an upsized initial public offering, Reuters reported. The company is targeting...

According to the U.S. Federal Aviation Administration, the Boeing Co (NYSE: BA) 777X will not obtain certification until mid-to-late 2023, Reuters reports. The FAA said the 777X is not yet ready for the certification step.  On May 13, the FAA rejected a request...

According to the Chinese regulators, Tesla Inc (NASDAQ: TSLA) will 'recall' nearly 300,000 China-made and imported vehicles.  What Happened: Tesla will recall Model 3 and Model Y cars to update its Autopilot software remotely because drivers were accidentally turning it...

United States crypto firm Athena Bitcoin plans to install 1,500 Bitcoin (CRYPTO: BTC) ATMs in El Salvador as the country is set to adopt the cryptocurrency as a legal tender by early September. What Happened: According to a Friday Reuters report, El Salvador’s President Nayib...

India's IT minister Ravi Shankar Prasad slammed Twitter Inc (NYSE: TWTR) for denying access to his account for almost an hour amid a dispute between the U.S. company and Prime Minister Narendra Modi's administration over new IT rules, Reuters reported. On Koo, a domestic...