Other news

The largest New York-based company Pfizer Inc is negotiating the purchase of another pharmaceutical manufacturer Global Blood Therapeutics. According to preliminary data, the deal is valued at $5 billion.

According to the source familiar with the situation, Apple is planning to present its new products on September 7, with the main priority laid on the launch of new line of iPhone 14 with an upgraded camera and a faster operating chip.

In July, Australia witnessed its lowest unemployment level since 1974. At the same time, the country's Reserve Bank (RBA) announced tightening of monetary policy. Partial employment has also been on the turn during the reporting period, falling by 40,900 jobs.

Shareholders of the largest electric car manufacturer in the world have decided to split the deal with a 3:1 ratio. The goal of the share split is to further attract retail investors, as well as bring the market value of Tesla's shares down to $300.

Boeing Co and Northrop signed up for a White House-backed program. The goal of the program is to help promote the adoption of 3D printing and other advanced technologies among U.S. suppliers, presented by medium- and small-sized businesses.

The Federal Reserve System (Fed), acting as the U.S. central bank, announced one more interest rate increase. This measure is applied to curb unprecedented consumer prices growth as of August 17.

Ford continues pursuing the previously chosen course of developing its own line of electrical vehicles, with an initial release of two million vehicles being planned on 2026. The company is planning to spend $50 billion to support this area of production, which is an important element of its green strategy.

Home Depot Inc. posted stronger-than-expected quarterly results on Tuesday. The demand for construction materials and rising prices allowed the leading U.S. home improvement specialty retailer to reduce the bad effects of the decline in foot traffic.

Driverless cars will now be available on and around the Las Vegas Strip. Lyft announced on Tuesday the launch of a service similar to the one the company has provided for the past four years. However, there will be two drivers in the cars — they will take over the controls in case something goes wrong.

On Tuesday, the largest American retailer Walmart published a report for the quarter of 2022. The development prospects turned out to be higher than the expectations of investors, who are concerned about high inflation affecting demand.