In a move that facilitates a monumental leap forward in returning supersonic speeds to aviation, as well as a cooperative sustainability initiative, United Airlines recently announced a commercial agreement with Denver-based aerospace company Boom Supersonic to add aircraft to its global fleet. The price of each Overture aircraft is $200 million, which airlines will customize…
Category: Business
Bristol Myesrs Squibb & Exscientia In $1.2 billion Artificial Intelligence Drug Discovery Deal
Bristol Myers Squibb (BMS) has announced a new collaboration agreement with Exscientia to use artificial intelligence (AI) to discovery drug candidates across a number of therapeutic areas. The collaboration will leverage Exscientia’s AI technology to accelerate the discovery of small molecule therapeutic drug candidates in multiple therapeutic areas, including oncology and immunology. As part of…
MediaTek Beat Qualcomm As 2020’s Biggest Smartphone Chipset Vendor
Almost mirroring the old Intel and AMD rivalry, Qualcomm and MediaTek have traditionally been at it since the smartphone market exploded years ago. MediaTek was regarded as having more affordable options, though often with inferior performance. To its credit, it has been improving both in performance and features and it seems that its investments have…
Make Your Driveway Safe By Using Asphalt And Repair The Damages
The driveway is a safety hazard if not regularly checked for the possible damages that may cause accidents. Many home dealers only take their driveway for granted and they do not really mind if there are the damages. Contrary to common beliefs, driveways also need a lot of repairs to make sure that it is…
Designing the Best Cooling Unit for Your Business
It can be a quite daunting task when it comes to choosing a commercial air conditioner for your business and this is the reason why we have compiled a complete list while finding the best AC for your business. Knowing your space Without having a proper understanding of the space which your unit will be…
Glaxo’s Buyout of Cancer Drugmaker Tesaro Seen as Too Expensive
GlaxoSmithKline Plc Chief Executive Officer Emma Walmsley bolstered a thin roster of new treatments by agreeing to buy drugmaker Tesaro Inc. for $5.1 billion, gaining a foothold in the field of cancer for a price analysts deemed high. After announcing a deal to pay $75 a share for Tesaro, about 62 percent more than the…
Saudi Arabia, BP Eye Solar Power in India
In what may further reduce India’s solar power tariffs, Saudi Arabia is interested in partnering with India for developing complementary supply chains as well as deploying finance and new technologies here. Also, Lightsource BP is betting big for developing solar power projects here through its partnership with the National Investment and Infrastructure Fund of India…
Sears Inching Closer to Bankruptcy
Sears Holdings is readying a bankruptcy filing that could come as soon as this week, the Wall Street Journal reported on Tuesday citing people familiar with the situation. The Journal reported that the company has hired M-III Partners to help with the bankruptcy proceedings. M-III has been working with Sears for more than two years,…
3 Reasons Every Business Should Think About Location Intelligence
The ease-of-use of mobile apps like Google Maps and Strava (which is now being used for urban planning) has inspired a lot of companies to start thinking differently about location technology. Consequently, many IT professionals are being asked, and discovering how, to create location-based applications. “IT is now being required to build spatially-aware or enabled…
The Most Important Turning Points in Microsoft History
With the possible exception of the earliest pioneers of Silicon Valley, such as IBM, Xerox, and Bell Labs, it’s hard to think of a company that has had a more profound, lasting impact on the world of technology than Microsoft. However, despite its role in fundamentally shaping the landscape of modern computing, Microsoft has an…
How Amazon Steers Shoppers to Its Own Products
It started with a simple battery. Around 2009, Amazon quietly entered the private label business by offering a handful of items under a new brand called AmazonBasics. Early offerings were the kinds of unglamorous products that consumers typically bought at their local hardware store: power cords and cables for electronics and, in particular, batteries —…
10 Most Famous Leveraged Buyouts
Leveraged buyouts use the targeted company’s assets as collateral to secure the credit necessary to purchase the company. They are also commonly known as hostile takeovers because the management of the targeted company may not want the deal to go through. More leveraged buyouts tend to occur when interest rates are low, reducing the cost…
Alternate Investments 