The US Federal Trade Commission requested that a judge halt Microsoft's acquisition of Activision Blizzard. The U.S. Federal Trade Commission (FTC) is requesting an injunction to prevent Microsoft from completing its acquisition of Activision Blizzard (publisher of Call of Duty, Overwatch, World of Warcraft, and other games). The regulator asked a federal judge to grant an injunction with a...

Participation of foreign banks in Chinese initial public offerings has reached its lowest level in 14 years. They currently only make up 1.2% of the value of new products, down from more than 40% in 2009. According to statistics from financial markets platform Dealogic, foreign banks' involvement in initial public offerings in mainland China has reached its lowest point in at least 14 years....

According to a statement posted on the website of the French finance ministry on Thursday, France has completed the nationalization of energy business EDF. The company has also totally stopped selling its assets on the stock exchange. "In accordance with the Financial Markets Authority's conclusion from May 26, 2023, the state completed the process for withdrawing EDF shares today. As a result,...

A Canadian rival of OpenAI has secured $270 million from investors, including Oracle and Nvidia. Now, the artificial intelligence start-up company called Cohere is worth more than $2 billion. Canadian firm Cohere, which creates artificial intelligence technologies, has raised $270 million in funding. A number of institutional and strategic investors, including US chip and video card manufacturer...

According to the Guardian newspaper, the UK Advertising Standards Authority (ASA) has prohibited various commercials from the UK-Dutch Shell, Spain's Repsol, and Malaysia's Petronas because they misled customers on the environmental performance of the businesses. The ASA said that Shell neglected to disclose to consumers that a large portion of its business relies on fossil fuels, such as...

According to Reuters, which cited its own sources, the Italian energy major Eni is in secret negotiations to acquire the oil and gas company Neptune Energies. The transaction could cost between $5 billion and $6 billion. "Italian energy giant Eni has entered into exclusive talks to acquire privately backed gas and oil producer Neptune Energy after improving its previous offer to just under $6...

U.S. pharmaceutical company Merck filed a lawsuit against the U.S. Department of Health and numerous other governmental organizations in the U.S. District Court for the District of Columbia. According to the company, a provision in the United States' inflation-control law that permits the price of some medications to be negotiated under the country's national health insurance (Medicare) program...

The value of the Elon Musk’s company Neuralink, which creates chips for brain implantation, has surpassed $5 billion, reports Reuters. The Neuralink startup, makes chips for brain implantation, is currently valued at roughly $5 billion. The value is based on shares of Neuralink traded privately in recent months, prior to the company's announcement that U.S. regulators had cleared human trials...

Pixar animation studio has laid off 75 employees. This is the first round of layoffs at the business in ten years, according to Reuters. Among those let go are actor and director Angus MacLane and producer Galyn Susman. They worked on the studio's most recent big release, the Lightyear animated movie. The $200 million budget animation failed as it only made $226.7 million at the global box office...