Government Archives - Page 9 of 268

2 minute read

Verastem Oncology Begins FDA Submission for Accelerated Approval of New Cancer Treatment, Seeks Priority Review for Innovative Ovarian Cancer Drug Combo

May 24, 7:05 AM

Verastem Oncology (NASDAQ:VSTM), a biopharmaceutical company committed to advancing new medicines for patients with cancer, today announced that it has initiated the rolling submission of a New Drug Application (NDA) to

VSTM

2 minute read

Cadbury-, Oreo-Maker Mondelez Receives 337.5M Euro Fine From EU For Anti-Competitive Practices

By Shivani Kumaresan

May 23, 12:29 PM

Mondelez International Inc has been fined €337.5 million ($365.7 million) by the EU for obstructing cross-border trade of chocolate, biscuits and coffee.

MDLZ

2 minute read

US DOJ Sues Ticketmaster Parent In New Antitrust Suit, Live Nation Responds: ‘It Ignores Everything That Is Actually Responsible’

By Adam Eckert

May 23, 11:51 AM

Live Nation shares traded down in early trading on reports suggesting the DOJ and a group of states were preparing to file an antitrust lawsuit against the entertainment giant. The lawsuit has now officially been filed.

LYV

2 minute read

US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia

By Shivani Kumaresan

May 23, 9:14 AM

The U.S. Commerce Department has awarded Absolics Inc a $75 million grant to build a 120,000 square-foot facility in Covington, Georgia, under the CHIPS and Science Act. This investment will boost U.S. semiconductor technology by advancing glass substrate technology for semiconductor packaging. Expected to create 1,200 jobs, this initiative supports the $52.7 billion government effort to enhance semiconductor manufacturing and development.

AMAT

3 minute read

Most Americans Think Economy Is In Recession Under Biden Despite Hard Data Telling Different Story: ‘We’re Not Feeling It Where I Live’

By Shanthi Rexaline

May 23, 1:19 AM

Incidentally, after emerging from a COVID-19-induced recession in the third quarter of 2020, the U.S. economy has shown positive growth for much of Biden's tenure.

SPY

2 minute read

Biden Says AI Companies ‘Must Earn Our Trust,’ Calls For ‘Responsible Innovation’

By Benzinga Neuro

May 22, 11:19 AM

Biden further added that he would do everything in his power to ensure the responsible use of AI, including AI-generated audio.

Biden Plans Release Of 1 Million Barrels Of Gasoline To Curb Northeast Prices: ‘Because He’s Unable To Drill Properly,’ Trump Says

By Piero Cingari

May 22, 10:46 AM

US Energy Secretary announced release of 1 million barrels of gasoline to lower prices in Northeastern US before July 4. Trump criticizes move.

DVN

2 minute read

Uber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know

By Anusuya Lahiri

May 22, 7:48 AM

Uber and Lyft drivers in Minnesota will receive higher pay thanks to a new law, with rates aligned with state study recommendations. Bill offers compromises but could increase costs for riders.

AWAY