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J&J buys Abiomed for $16.6 billion

U.S. Johnson & Johnson inked a deal Tuesday to buy heart pump company Abiomed Inc for $16.6 billion in cash, according to Reuters, as the company seeks to boost its medical device business following a planned spin-off of its over-the-counter drugs unit next year.

2 November 2022
Tesla sends workers from Shanghai plant to boost production in Fremont

Tesla recently announced that the project to expand production capacity at its Shanghai plant had been completed. The American electric car manufacturer is currently sending engineers and production staff from its Shanghai plant in an effort to increase production in Fremont, California.

2 November 2022
Serial production of Tesla’s Cybertruck is postponed to the end of 2023

Tesla, plans to launch Cybertruck into mass production by the end of the year. This model of industrial pickup was first presented in 2019 by the company’s Chief Executive Elon Musk. Its serial production at first was scheduled for 2021.

2 November 2022
Twitter's Blue Tick to cost $8 per month

As reported by Investing.com, the owner of Twitter Inc. Elon Musk announced a new price of Blue Tick for social network users. The verification system would be valued at $8 per month.

2 November 2022
SB Energy will supply solar power to Google

Alphabet Inc. owns Alphabet Google, which announced that it will purchase about three-quarters of the renewable energy at SB Energy Global's facilities in Texas.

2 November 2022
Tesla begins work to expand its plant in Germany

Tesla's Berlin electric car plant in Grunheide is one of the most important factors, it’s playing a major role in the company's development in Europe. To grow steadily, the company needs to expand the plant's territory, thus, cutting down nearby forests has already begun.

1 November 2022
Ford Motor opens $260 million campus in Mexico

A new campus of U.S. automaker Ford Motor began its work this Monday, Reuters reports. The campus is located on the outskirts of Mexico City's Naucalpan. The automaker has invested a large sum of $260 million in its opening.

1 November 2022
Twitter to revise its user verification process

Elon Musk announced Sunday that Twitter would change its user verification procedure. According to Reuters, the American entrepreneur came up with the decision just days after the acquisition of the social media was completed.

1 November 2022
U.S. authorities will test the effectiveness of Paxlovid in treating protracted COVID

As part of the RECOVER initiative, the antiviral drug Paxlovid from Pfizer Inc. was chosen as the first drug to be studied in patients with long-term COVID.

31 October 2022
Uber announces first results of partnership with Hertz

An analyst at the Uber company, which provides taxi services, released the first findings on the company’s partnership with Hertz Global Holdings Inc last week. It has already been a year since the beginning of the companies' cooperation on Tesla’s electric vehicles supply.

31 October 2022