Home » Author Archive

Opioid Maker Agrees To $1.4 Billion Settlement

Opioid Maker Agrees To $1.4 Billion Settlement

Reckitt Benckiser Group (RB Group) has reached a $1.4 billion settlement with the U.S. government to end criminal and civil investigations into the marketing of its Suboxone addiction treatment medication. The U.S. Department... 
France Passes Big Tech Tax

France Passes Big Tech Tax

French lawmakers have approved a 3 percent tax on digital companies that make large profits in the country. The tax will be applied to revenue from digital services earned in France by companies that make more than 750 million... 
Heart Health Supplements Shown To Be Ineffective

Heart Health Supplements Shown To Be Ineffective

A large new analysis conducted by researchers at West Virginia University found that there was surprisingly little proof that supplements have the ability to prevent heart disease. According to the results of the study, the majority... 
5G Standard For Connected Cars A Win For Qualcomm

5G Standard For Connected Cars A Win For Qualcomm

A legal battle over the use of 5G technology in vehicles across Europe has resulted in a big win for Qualcomm Inc. (NASDAQ: QCOM). European Union member states have elected to scrap new rules mandating Wi-Fi technology as the... 
Facebook Plans New Attack Against Medical Misinformation

Facebook Plans New Attack Against Medical Misinformation

Facebook Inc. (NASDAQ: FB) has announced a plan to take more aggressive steps to limit the reach of false, sometimes dangerous, medical misinformation on its platform. Facebook, and its image-sharing platform Instagram, have become... 
Walmart Plans Big Investment In China Operations

Walmart Plans Big Investment In China Operations

Walmart Inc. (NYSE: WMT) announced plans to invest more than a billion dollars into its China operations over the next two decades. Roughly 8 billion yuan ($1.2 billion) will be used to create new distribution centers in China.... 
China Accused Of Hacking 8 Tech Firms

China Accused Of Hacking 8 Tech Firms

China has been accused of hacking into the operations of some of the world’s biggest technology service providers. The global hacking campaign, known as Cloud Hopper, has been attributed to China by the United States and its... 
Ford Closing European Factories

Ford Closing European Factories

Ford Motor Company (NYSE: F) has announced that it will close or sell six of its manufacturing plants across Europe by the end of 2020. As part of a major cost-cutting plan, the company is reducing its manufacturing footprint... 
New Airbnb Feature Has Thousands Of High-end Listings

New Airbnb Feature Has Thousands Of High-end Listings

A new feature on Airbnb gives users access to over 2,000 exclusive luxury properties around the world. The feature, named Airbnb Luxe, is for those looking to rent high-end properties, including castles, beachfront villas, entire... 
Insurers Take Obamacare Case To Supreme Court

Insurers Take Obamacare Case To Supreme Court

The U.S. Supreme Court will hear a case brought by a group of insurers against the federal government over $12 billion in payments owed after the passage of the 2010 Affordable Care Act, passed under Democratic former President... 
Google Maps Found To Have Scores Of Fake Listings

Google Maps Found To Have Scores Of Fake Listings

There are millions of fake business listings on Google Maps, according to an investigation by the Wall Street Journal. There have been more than 200 million listings added to Google Maps over the years. According to estimates,... 
Encephalitis Kills More Than 100 Children In India

Encephalitis Kills More Than 100 Children In India

More than 110 children in India have died this month from encephalitis, with more than 430 others requiring hospitalization. Health experts thus far have not been able to establish the root of the outbreak. Doctors and officials... 
Domino’s Testing Self-driving Pizza Delivery

Domino’s Testing Self-driving Pizza Delivery

Domino’s Pizza Inc. (NYSE: DPZ) has announced a new partnership with autonomous-driving tech startup Nuro to deliver pizza by self-driving car in Houston. Domino’s will use Nuro’s fleet of autonomous test vehicles to deliver... 
Amazon Lays Off Dozens Of Game Studios Employees

Amazon Lays Off Dozens Of Game Studios Employees

The final day of E3 ended with bad news for a number of Amazon (NASDAQ: AMZN) Game Studios employees. According to reports, “dozens” of employees were told they were being laid off from the company. Employees affected by the... 
Four Participants Announced For FDA Blockchain Project

Four Participants Announced For FDA Blockchain Project

The United States Food and Drug Administration (FDA) has recruited four companies to participate in a pilot project to use blockchain to identify, track and trace prescription medicines and vaccines distributed within the United... 
Bankruptcy In The Works For Insys Therapeutics

Bankruptcy In The Works For Insys Therapeutics

Insys Therapeutics (NASDAQ: INSY), based in Chandler, Ariz., has filed for bankruptcy protection under Chapter 11 of the federal bankruptcy code. The company said it would continue operating while it comes up with a plan to pay... 
Study: White Meat And Red Meat Equally Bad For Cholesterol Levels

Study: White Meat And Red Meat Equally Bad For Cholesterol Levels

For decades, white meat was thought to have less cholesterol and was better for preventing cardiovascular disease. Now, a new study is showing that cholesterol levels for both white meat and red meat are equal. The study has been... 
The North Face Under Fire For Wikipedia Edits

The North Face Under Fire For Wikipedia Edits

Outdoor apparel company The North Face, owned by VF Corp. (NYSE: VFC), is getting slammed across the internet and by Wikipedia for a marketing stunt that replaced photos of some of the world’s most iconic adventure destinations... 
Companies Chosen To Deliver NASA Cargo To Moon

Companies Chosen To Deliver NASA Cargo To Moon

NASA has announced the selection of three American firms to send instruments and other scientific equipment to the Moon in anticipation of a crewed lunar mission in the future. According to a press release, the U.S. space agency... 
Breast Cancer Treatment Shown To Increase Lifespan Of Younger Women

Breast Cancer Treatment Shown To Increase Lifespan Of Younger Women

The results of a new clinical trial is providing new hope to women diagnosed with an aggressive and deadly form of breast cancer. Researchers at MD Anderson Cancer Center and UCLA Jonsson Comprehensive Cancer Center found that... 
Abercrombie & Fitch Closing 3 Flagship Stores

Abercrombie & Fitch Closing 3 Flagship Stores

Abercrombie & Fitch Co. (NYSE: ANF) has announced that it will be closing three more of its flagship stores. The company will be closing a Hollister store in the SoHo neighborhood in New York; an Abercrombie store in Milan,... 
Study On E-cigarette Flavorings Shows Increased Heart Risks

Study On E-cigarette Flavorings Shows Increased Heart Risks

Over the past few years, many smokers have switched to e-cigarettes, believing that they are not as risky as smoking regular cigarettes because they are avoiding the cancer-causing chemicals in tobacco smoke. Little is known about... 
Arcadia Group To Close U.S. Topshop Stores

Arcadia Group To Close U.S. Topshop Stores

Arcadia Group has announced plans to close all of its Topshop stores in the United States as part of its filing for bankruptcy protection. The move comes just 10 years after Topshop’s glitzy, celebrity-filled launch in... 
Scientists Create New Heat-absorbing Wood

Scientists Create New Heat-absorbing Wood

Scientists at the University of Maryland have created a new type of wood that radiates heat into space. The hi-tech wood was found to absorb heat and provide a passive cooling effect to buildings using it. The scientists estimated... 
Colorado Caps Insulin Co-pays

Colorado Caps Insulin Co-pays

Colorado has become the first state in the country to pass legislation to cap the amount that residents must pay out-of-pocket to obtain insulin. Colorado Gov. Jared Polis signed a bill into law capping insulin co-pays at $100... 
Judge Rules Against Qualcomm In Monopoly Case

Judge Rules Against Qualcomm In Monopoly Case

A U.S. District Court judge has issued a ruling saying that Qualcomm Inc. (NASDAQ: QCOM) must change how it does business and renegotiate its license deals with its customers. Judge Lucy Koh wrote in her ruling: “Qualcomm’s licensing... 
Taco Bell Hotel Coming This Summer

Taco Bell Hotel Coming This Summer

Taco Bell, owned by Yum! Brands Inc. (NYSE: YUM), has announced its (temporary) entrance into the hotel industry. Starting in June, fans of the brand can reserve a room at The Bell: A Taco Bell Hotel and Resort for stays starting... 
SpaceX Starting Starlink Satellite Network

SpaceX Starting Starlink Satellite Network

SpaceX is ready to take its next step in its plan to overhaul internet delivery. The company will deliver a batch of 60 satellites into low-Earth orbit as the first set for a constellation of satellites the company is calling... 
Disney Reaches Deal For Full Operational Control Of Hulu

Disney Reaches Deal For Full Operational Control Of Hulu

Walt Disney Co. (NYSE: DIS) and Comcast Corp. (NASDAQ: CMCSA) have announced a deal for Disney to purchase Comcast’s stake in Hulu that will allow Disney to take “full operational control” of the streaming service, effective immediately.... 
Japan Testing Train That Travels 249 MPH

Japan Testing Train That Travels 249 MPH

The fastest bullet train in the world is now being tested in Japan. The ALFA-X, projected to hit speeds of up to 249 mph, began a scheduled three years’ worth of testing at the end of last week. The goal for the East... 
Gilead Sciences Will Donate Drugs For HIV Prevention

Gilead Sciences Will Donate Drugs For HIV Prevention

Gilead Sciences (NASDAQ: GILD) has announced a plan to donate drugs that reduce the risk of HIV transmission for up to 11 years. The initiative is expected to last until Dec. 31, 2025, with the possibility of continuing through... 
Walmart Expanding Into Pet Care Industry

Walmart Expanding Into Pet Care Industry

Walmart Inc. (NYSE: WMT) has decided to make a large leap into the pet care industry. According to an announcement from the company, Walmart will be launching a new online pet pharmacy and will be adding veterinary clinics to... 
Apple On A Business Buying Spree

Apple On A Business Buying Spree

Apple Inc. (NASDAQ: AAPL) is reportedly on a business buying spree, snapping up between 20 and 25 companies in the last six months, according to a statement from CEO Tim Cook. That is a significant jump from last year, when... 
New Study Shows Treatment Could End HIV Transmission

New Study Shows Treatment Could End HIV Transmission

A landmark European study is showing that compliance with HIV treatment can be effective in preventing sexual transmission of the disease to non-HIV infected persons. According to the results of the study, the risk of passing... 
Facebook Removes “Dangerous Individuals” From Platforms

Facebook Removes “Dangerous Individuals” From Platforms

Facebook Inc. (NASDAQ: FB) has barred a number of high-profile people from its platforms after designating them as “dangerous”. All of the accounts, fan pages, and groups associated with the individuals have been purged from... 
Marriott Launching Property Rental Service

Marriott Launching Property Rental Service

Marriott International Inc. (NASDAQ: MAR) will be rolling out a new Airbnb-like rental service, called Homes & Villas by Marriott International. Stephanie Linnartz, Marriott’s chief commercial officer, said in a release... 
Hundreds Of California University Students Quarantined For Measles Exposure

Hundreds Of California University Students Quarantined For Measles Exposure

Nearly 300 students and staff at two major southern California universities are under quarantine after potentially being exposed to measles. The order was issued in connection with the University of California, Los Angeles, and... 
China Announces Plans For Moon Base

China Announces Plans For Moon Base

China plans to build the first-ever moon base within the next ten years. The China National Space Administration (CSNA) intends to build a scientific research station near the Moon’s south pole. Zhang Kejian, the head of... 
Harley-Davidson Reports Plunge In Earnings

Harley-Davidson Reports Plunge In Earnings

Motorcycle manufacturer Harley-Davidson Inc. (NYSE: HOG) reported a sharp drop in quarterly net income for the first quarter of its fiscal year. The company reported that net income for the quarter was $127.9 million, compared to... 
Google Makes Changes To Protect Accounts From Phishing Attacks

Google Makes Changes To Protect Accounts From Phishing Attacks

Alphabet’s (NASDAQ: GOOGL) Google unit has announced that it will no longer be allowing sign-in attempts that don’t take place within a dedicated web browser. According to the company, the change will start in June and... 
Sleep Myths Debunked By New Study

Sleep Myths Debunked By New Study

Many popular notions about sleep have little basis in fact, but we tend to accept them as fact. Now, researchers at NYU Langone Health’s School of Medicine have conducted a study to debunk the most common sleep myths. The results... 
Walmart Launching Subscription Box For Kids

Walmart Launching Subscription Box For Kids

Walmart Inc. (NYSE: WMT) is teaming up with KIDBOX for a subscription service that will create and deliver packages of kids’ clothing and accessories to customers across the nation. KIDBOX is an online subscription... 
Dental Whitening Strips May Be Damaging Your Teeth

Dental Whitening Strips May Be Damaging Your Teeth

A newly released study has found that the active ingredient in most over-the-counter dental whitening strips may be damaging teeth more than previously believed. The study, led by Kelly Keenan, an associate professor of chemistry... 
Dutch Regulators Open Probe Into Apple’s Business Practices

Dutch Regulators Open Probe Into Apple’s Business Practices

Apple Inc. (NASDAQ: AAPL) is facing an antitrust probe in the Netherlands into whether Apple abuses a dominant market position by favoring its own apps over those of its rivals. A statement from Netherlands’ Authority for Consumers... 
Walmart Adding Thousands More Robot Workers

Walmart Adding Thousands More Robot Workers

Shoppers might soon encounter robots gliding up and down the aisles of their local Walmart (NYSE: WMT) store. Walmart has announced that it will be expanding the use of robots in stores as part of its effort to control labor costs.... 
Study: 20 Minutes In Nature Reduces Stress

Study: 20 Minutes In Nature Reduces Stress

A study by the University of Michigan is suggesting that taking a short walk in nature may be helpful in preventing burn-out from stress. According to the new study, spending 20 minutes in nature can significantly lower a person’s... 
Google’s AI Ethics Panel Cancelled

Google’s AI Ethics Panel Cancelled

Google has cancelled its AI ethics panel one week after it was announced. The move comes after a week of controversy regarding the company’s selection of members. The participants of its Advanced Technology External Advisory... 
Kellogg And Ferrero Agreed To $1.3 Billion Deal

Kellogg And Ferrero Agreed To $1.3 Billion Deal

Kellogg Co. (NYSE: K) has reached a deal to sell its Keebler cookies brand and numerous other assets to Nutella maker Ferrero for $1.3 billion. According to reports, the deal is expected to close by the end of July. Ferrero retained... 
Nestle Sued Over Spring Water Claims

Nestle Sued Over Spring Water Claims

A federal judge in Connecticut has advanced a class-action lawsuit claiming that Poland Spring water doesn’t come from an actual spring. The bottled water company’s owner, Nestle SA, advertises the brand as “100% Natural Spring... 
Ebola Cases In Congo Outbreak Rise To More Than 1,000

Ebola Cases In Congo Outbreak Rise To More Than 1,000

The health ministry of the Democratic Republic of Congo has reported that the number of cases in the latest Ebola outbreak has now surpassed 1,000. The number of cases stands at 1,009, of which 944 are confirmed and 65 probable. The...