VENTURE CAPITAL POST

The firm Morgan Stanley Smith Barney was fined $1.5 million for technical failures including a broken online link, preventing clients from checking fund prospectuses online for nine months.

The World Health Organization has prequalified a tool for the quick diagnosis of hepatitis C. Since treatment for hepatitis C has become affordable and available in low and middle-income countries, the organization believes that the prequalification of an effective diagnostic tool will improve the number of patients cured.

An investigation on spread-betting revealed that 82% of users lost money. In response, the Financial Conduct Authority proposed for stricter rules for the industry.

President-elect Donald Trump met with SoftBank CEO Masayoshi Son on Tuesday. The telecom mogul confirmed his plan to invest $50 billion in the U.S., with the aim of creating 50,000 jobs.

Swiss pharmaceutical giant Roche has experienced an improved revenue this year. However, it also saw a decline in market cap as its invetors remain cautious on broader industry factors.

International scientists and physicians met in Texas for the San Antonio Breast Cancer Symposium, a collaborative effort among cancer experts to present the latest researches on breast cancer.

The Green Climate Fund, a financial mechanism to support projects related to climate change, has been severely underfunded despite large donations from various wealthy nations. The problem has hindered the organization from successfully implementing its projects.

German sportswear manufacturer Adidas unveiled its latest eco-friendly innovation, the Futurecraft Biofabric sneakers. Unlike other products made of synthetic materials, the company's prototype sneaker is biodegradable with the help of a special enzyme.

Numerous studies have revealed the dangers of smoking e-cigarettes, with some reports citing that the effects of e-ciagrettes are of the same magnitude as that of traditional cigarettes. While some orgaizations encourage smokers to switch from tobacco to e-cigarettes, there are also many who call for the regulation of the use of e-cigarettes because of the harm it poses to people's health.

France spearheads the efforts to prevent the destruction of cultural heritage sites by establishing a fund committed for the cause. France has allocated $30 million for the protection of historical sites endangered by militant attacks and wars. Supporters of the initiative plan to establish $100 million.

The government revealed its intention to invest in the country's early childhood sector. This move is in line with the government's aim to achieve sustainable educational development.

Quadria Capital, a healthcare focused private equity firm, is in the process of closing out deals in four companies in Southeast Asia. Its investments are mostly on pharmaceutical and healthcare corporations.

Reports by SuperData indicated a downward sales projection for PlayStation VR. Contrary to the high estimated sales the firm released earlier this year, the projected units that would be sold by the end of this year dropped to 750,000.

Shortage in low-skilled farm workers threatens to double in 2025, worsening the already challenged agricultural sector. The growing labor gap in the sector was brought about by different factors that include globalization, physicality of work and aging work force, and the existing immigration policy.

Self.made billionaire Sean Parker continues his vision on advancing medical researches. His Parker Institute for Cancer Immunotherapy collaborated with the Cancer Research Institute in an effort to use algorith in uncovering neoantigens.