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FAA still not ready to approve Boeing 737 Max 7

The Federal Aviation Administration (FAA) informed Boeing that the work required to certify the 737 MAX 7 has not yet been completed. Boeing has a December deadline to win approval for planes.

30 September 2022
Amazon and major publishers win dismissal of antitrust lawsuits

On Thursday, a federal judge dismissed two antitrust lawsuits against Amazon.com Inc. and five major publishers accusing them of plotting to fix the price of e-books and traditional books in the US.

30 September 2022
Google rejects the idea of co-funding network costs

Alphabet's Google responded categorically Monday to an attempt by European telcos to get the company to co-fund network costs. Company’s comments mentioned the idea originated a decade ago and the organization is already investing millions in Internet infrastructure.

28 September 2022
16 Wall Street companies fined over staff messages

16 financial companies, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, were fined Tuesday by U.S. regulators. The firms have to pay a total of $1.8 billion in fines after it turned out that employees discussed company business on personal mobile phones.

28 September 2022
FDA authorizes multiple shipments of Moderna's Covid booster amid shortages

The U.S.Food and Drug Administration (FDA) said it authorized an additional five batches of updated Covid shots from Moderna Inc after deeming them safe.

27 September 2022
Boeing will compensate 200 million dollars to settle charges related to 737 MAX

Boeing Co will pay 200 million dollars to settle civil charges leveled by the U.S. Securities and Exchange Commission. According to legal action, the company had provided the investors with the wrong information concerning the state of the airplane 737 MAX.

26 September 2022
Regulatory clarity for crypto will be driving force for next bull run

According to a former head of risk at Credit Suisse CK Zheng, the next bull market in crypto will be triggered by the regulatory clarity for crypto in the United States. The crypto growth is expected to be seen in early 2023.

22 September 2022
UnitedHealth gets approval to acquire Change Healthcare

The Department of Justice's (DoJ) antitrust suit against UnitedHealth was dismissed Monday. A federal judge ruled against the DoJ in blocking UnitedHealth's $13 billion acquisition of Change Healthcare.

21 September 2022
Merck to begin testing lower dose HIV drug after FDA approval

Merck & Co Inc. has announced a start of last-stage trials for its HIV drug, known as islatravir. The event comes months after the U.S. Food and Drug Administration (FDA) suspended the study, citing safety issues.

21 September 2022
UK to conduct a thorough investigation of Microsoft’s Activision deal

UK antitrust authority has launched an investigation into Microsoft's acquisition of video game giant Activision Blizzard. The deal, as experts say, is estimated at $68.7 billion. This purchase raises concerns as a lower market competition may take place.

19 September 2022