Business News

Business

GSK Announces Groundbreaking $1.15 Billion Acquisition of IDRx to Revolutionize GIST Treatment

GSK plc has agreed to acquire IDRx, Inc. for up to $1.15 billion, including a highly selective KIT tyrosine kinase inhibitor, IDRX-42, for GIST treatment, promising to address a si...

Business

Apple Faces 2% Drop in iPhone Sales in 2024 as Xiaomi and Vivo Surge Ahead

In 2024, Apple's iPhone sales dropped by 2%, reducing its global market share to 18%. Meanwhile, Xiaomi and Vivo saw significant growth. The smartphone market overall grew by 4%, w...

Business

Blue Origin Postpones Inaugural New Glenn Rocket Launch Due to Technical Glitch

Blue Origin announces a delay in the first launch of its New Glenn rocket due to a technical issue, following two weather-related postponements. The company is working to resolve t...

Business

Aragen Life Science Secures $100 Million Boost from Quadria Capital for Strategic Expansion

Aragen Life Science secures a $100 million investment from Quadria Capital, aiming to expand its capabilities and infrastructure to meet global pharmaceutical outsourcing demands. ...

Business

China's Automotive Market Surges: A 4.5% Increase in Sales for 2024

In 2024, China's automotive market saw a 4.5% increase in vehicle sales, reaching 31.43 million units. New energy vehicles led with a 35.5% growth, highlighting the sector's rapid ...

Business

Elon Musk Advocates for Transparency: Calls for 'Facebook Files' Release on COVID-19 Content Moderation

Elon Musk supports the release of 'Facebook Files' to reveal government communications with Facebook on COVID-19 content moderation, echoing the transparency seen with the 'Twitter...

Business

Wall Street Giants and TSMC Set to Unveil Q4 Earnings: A Week of High Stakes

This week, major financial institutions and tech giants, including JPMorgan, BlackRock, Wells Fargo, Goldman Sachs, Citigroup, TSMC, UnitedHealth, Bank of America, Morgan Stanley, ...

Business

Stock Market Plummets: BSE Sensex Drops 800 Points, Nifty50 Tests 23,200 Amid Rupee's Record Low

The Indian stock market faced a sharp decline with BSE Sensex and Nifty50 indices dropping significantly. The rupee hit a record low against the US dollar, influenced by rising cru...