industries - CybAI news

16 Aug

Medical Device Maker Nova Biomedical Is Exploring a Sale

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Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Source link lol

16 Aug

Pfizer, BioNTech Covid-Flu Combination Shot Misses on Trial Goal

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A combination Covid-flu vaccination developed by Pfizer Inc. and BioNTech SE missed on one of its goals in a final-stage trial, a disappointment for the companies trying to make further use of the technology that succeeded in the pandemic. The vaccine failed to show it was at least as effective as a standard shot in generating an immune response against the influenza B strain, the companies said in a statementBloomberg Terminal Friday. The shot performed better with influenza A and Covid and were comparable to other vaccinations in the trial. Source link lol

15 Aug

Qualcomm Extends Sponsorship of Manchester United Until 2029

stp2y0 CommentsRAG modelseurope, Football, industries, INTEL CORP, MANCHESTER UNITED PLC-CL A, MICROSOFT CORP, Mobile Phones, QUALCOMM TECHNOLOGIES INC, smartphone, Software Company, TEAMVIEWER SE, Technology

Qualcomm Inc., the biggest maker of chips that run mobile phones, extended a new sponsorship deal with Manchester United Football Club until 2029, saying the tie-up is already boosting its Snapdragon brand.The logo for Snapdragon — a lineup of processors that run devices — has already been seen more than 2 billion times because of the partnership, the company said in a statementBloomberg Terminal Thursday. The US technology company acquired the rights to put the name on the front of Manchester United’s shirts and place labels of partners, including Microsoft Corp., on the back. Source link lol

15 Aug

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

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Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol

15 Aug

SEC Says It Fined 26 Firms in Latest WhatsApp Probe Fallout

stp2y0 CommentsRAG modelsAMERIPRISE FINANCIAL INC, BANK OF NEW YORK MELLON CORP, Commodity Futures, industries, LPL FINANCIAL HOLDINGS INC, RAYMOND JAMES FINANCIAL INC, regulation, ROYAL BANK OF CANADA, Technology, TORONTO-DOMINION BANK, TRUIST FINANCIAL CORP, US Securities and Exchange Commission

Twenty-six financial firms agreed to pay about $393 million in total fines after the US Securities and Exchange Commission said they failed to keep their employees’ electronic communications, the latest fallout from the regulator’s so-called WhatsApp investigations.The SEC said that Ameriprise Financial Inc., Edward D. Jones & Co., LPL Financial Holdings Inc., Raymond James Financial Inc. will pay $50 million each to settle cases with the agency. A Royal Bank of Canada unit will pay $45 million, while parts of Toronto-Dominion Bank, Truist Financial Corp. and Bank of New York Mellon Corp. were also among those agreeing to penalties, the…

14 Aug

EON Boosts Spending on Energy Transition as Europe Electrifies

stp2y0 CommentsRAG modelsDecarbonization, Earnings, europe, germany, Government, industries, infrastructure, Leonhard Birnbaum, Markets, regulation, Taxes, Technology, Utilities

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol

14 Aug

FanDuel-Parent Profit Beats, Won’t Match DraftKings Surcharge

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Flutter Entertainment Plc shares soared as much as 11% in extended trading after the company, the operator of the FanDuel online sportsbook, reportedBloomberg Terminal second-quarter sales and profit that beat analysts’ expectations.Flutter, which recently moved its stock listing to the New York Stock Exchange from London, generated revenue of $3.61 billion in the quarter, exceeding estimates of $3.37 billion. Adjusted earnings rose to $2.61 a share, exceeding expectations of $1.70. Source link lol

13 Aug

Nubank Posts Record Revenue, Profit While Boosting Credit

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Nu Holdings Ltd., one of the world’s largest digital banks, beat analyst estimates in the second-quarter while posting record revenue and profit despite headwinds from weaker local currencies in Latin America.Nubank, as the company is known, recorded $2.8 billion in revenue in the quarter through June 30 compared with a median estimate of $2.66 billion in a Bloomberg survey. Net income more than doubled from a year earlier to $487 million, surpassing analyst expectations of $418 million. Source link lol

13 Aug

Mercedes, BMW Reveal Battery Makers Amid Fire Fears in Korea

stp2y0 CommentsRAG modelsBAYERISCHE MOTOREN WERKE AG, BLOOMBERGNEF, business, china, Government, hyperdrive, HYUNDAI MOTOR CO, Incheon, industries, KIA CORP, Markets, media, MERCEDES-BENZ GROUP AG, South Korea, Technology

The South Korean units of Mercedes-Benz Group AG and BMW AG disclosed the names of the companies that supply their electric-vehicle batteries for the first time after an EV explosion in the country prompted a nationwide safety investigation. The German carmakers revealed the battery suppliers for their EV models Tuesday on their websites, after Hyundai Motor Co. and Kia Corp. shared the names of their battery makers in recent days. At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers, and offer free inspections to owners. Source link…

09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

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Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol