Recently, China has made a bold move by introducing guidelines to phase out U.S. microprocessors from companies like Intel and AMD, along with sidelining Microsoft’s Windows operating system and foreign-made database software in government personal computers and servers. This shift in procurement guidance aims to prioritize domestic options over foreign ones. According to a report
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In recent times, the tech industry giants are grappling with unprecedented challenges as antitrust regulators on both sides of the Atlantic are intensifying their crackdown on alleged anti-competitive practices. This has put companies like Apple and Alphabet’s Google in the spotlight, with the possibility of facing break-up orders, a scenario previously unseen in the industry.
Activist investor Nelson Peltz recently made headlines for his critical remarks about Disney’s movie choices, specifically targeting the emphasis on female and Black actors in films such as “The Marvels” and “Black Panther.” Peltz questioned the need for films that are solely focused on delivering a message, rather than quality storytelling. He expressed his concerns
Rahul D. Ballal, a director at Enliven Therapeutics, Inc. (NASDAQ:ELVN), recently made significant transactions involving the company’s common stock. On March 20, 2024, Ballal sold 13,278 shares at prices ranging from $19.005 to $19.405, resulting in a total sale amount of approximately $254,462. Additionally, on the same day, Ballal acquired 13,278 shares through the exercise
In a recently disclosed Form 4 filing with the Securities and Exchange Commission, Gregory Stone, the Chief Ocean Scientist at TMC the metals Co Inc. (NASDAQ:TMC), sold a substantial amount of company shares. The transactions were conducted over several dates, culminating in the sale of 64,489 common shares and generating over $70,000 in proceeds for
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) recently closed a $50 million securitization of residual interests from its previous securitizations. This specialty finance company focuses on providing indirect automobile financing to individuals with limited credit histories or past credit problems. Their business model involves purchasing retail installment sales contracts from franchised automobile dealerships, mainly secured by late
JPMorgan recently decided to adjust the shares price target for Pinduoduo Inc., a well-known Chinese e-commerce platform. Despite maintaining an Overweight rating, the firm lowered the price target from $195 to $190. This change came on the heels of Pinduoduo’s fourth-quarter earnings report, which showcased a notable performance with a 3.5% increase in share price
Elon Musk’s groundbreaking brain-chip startup, Neuralink, recently livestreamed a monumental moment – their first patient successfully implanted with a chip that enabled him to play online chess using only his mind. Noland Arbaugh, a 29-year-old individual paralyzed below the shoulder due to a diving accident, showcased the incredible capabilities of the Neuralink device by effortlessly
A bipartisan group of U.S. lawmakers recently sent a letter to the Biden administration, urging for higher tariffs on Chinese drones. This call for action is aimed at addressing the mass proliferation of Chinese-made drones in the U.S. market, which the lawmakers believe poses a clear national and economic security threat. The lawmakers specifically targeted
Airgain Inc. (NASDAQ:AIRG), a key player in the radio and TV broadcasting and communications equipment industry, recently witnessed a significant stock transaction executed by its Chief Financial Officer, Michael Elbaz. Elbaz sold 3,782 shares of common stock at $5.38 per share, totaling $20,347 on March 15, 2024. These sales were necessary to cover tax liabilities