Industry
FDA Gives Green Light to Pfizer's New Hemophilia B Treatment
The FDA has approved Pfizer's pioneering gene therapy, Beqvez, for treating hemophilia B with a $3.5 million price tag before insurance and rebates.
India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures
The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market.
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.
Walmart Founder's Son Rob Walton to Step Down From Board
Walmart announced on Thursday that Rob Walton, the longest-serving member of its board, will step down from his position.
Latest News
Red Lobster seeks buyer to evade bankruptcy amid debts and losses—casual dining industry woes worsened by the pandemic.
Walgreens Boots Alliance Inc. is opening a new pharmacy offering cell and gene therapies for patients with cancer, cystic fibrosis, and Crohn's disease.
Toyota has partnered with Tencent to attract younger drivers in China. Japanese automaker Toyota has announced a partnership with Tencent, a Chinese social media and gaming giant, as it tries to appeal to the tech-savvy younger demographic.
Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.
Elon Musk's Tesla is poised to incur more than $350 million in expenses in the second quarter due to the mass layoffs that started last week.
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
Thrasio, a major aggregator of Amazon third-party sellers, is undergoing drastic leadership changes.
China's space tourism could soon happen as the government considers allowing the Tiangong space station to host tourists.
Stellantis plans to lay off an unspecified number of employees at its American plants in the coming months.