The Strategist
Companies & CEOs

AstraZeneca pays up to $6B to jointly develop cancer drug with Daiichi Sankyo - 07/28/2020

British AstraZeneca Plc and Japanese Daiichi Sankyo Co. agreed to jointly develop the drug DS-1062. The medicine is considered very promising for the fight against a number of oncological diseases. As follows from the statement of the companies, AstraZeneca will pay $ 1 billion for the possibility of developing and testing the drug and up to $ 5 billion - after receiving the result and all the...

Alibaba founder summoned to Indian court over fired employee's lawsuit - 07/27/2020

A court in India has summoned Alibaba founder Jack Ma to a hearing. The lawsuit was filed by a former employee of the UC Web subsidiary Pushpendra Singh Parmar. He claims he was unfairly fired after he drew attention to the publication of fakes in Alibaba-owned apps, Reuters reports. The ex-UC Web employee claims that the UC Browser and UC News apps were spitting false news "to cause social and...

Facebook offers $650M to settle facial recognition lawsuit in USA - 07/24/2020

Facebook has increased the court deal to $ 650 million to settle a class action lawsuit against Illinois residents over the use of facial recognition technology, Bloomberg reported. Back in January, Facebook executives agreed to pay only $ 550 million. The District Court in San Francisco has expressed doubts about the adequacy of this amount. On Thursday, Judge James Donato said during a video...

Twitter ends second quarter with $ 1.23B loss - 07/24/2020

Despite the quarantine and a 12% increase in daily users, Twitter's top financials were negative in the last quarter. According to the company's report, its revenue in the second quarter of the year was $ 683 million, which is 19% lower than last year. Analysts surveyed by FactSet expected to see this figure at $ 702 million. The company itself explains such a significant reduction by falling ad...

FCA and CNH Industrial offices searched in connection with Dieselgate - 07/23/2020

At the request of the German prosecutor's office, searches were conducted in the offices of Fiat Chrysler and CNH Industrial in Germany, Italy and Switzerland in connection with an investigation into the illegal use of equipment to reduce emissions. According to the Frankfurt prosecutor's office, engines installed in Fiat, Alfa Romeo, Jeep and Iveco cars (manufactured by CNH Industrial) have been...

Coca-Cola reports worst drop in sales in a decade - 07/22/2020

Sales of Coca-Cola Company fell by 28% in the second quarter of this year compared to last year, follows from the manufacturer's financial report. This is the largest quarterly drop in revenue for the company in at least a decade. The company explains such unsuccessful reporting by the COVID-19 pandemic, due to which bars, restaurants and other catering establishments in many countries of the...

Novartis net profit grows by 2% in the first half of 2020 - 07/21/2020

Net profit of the pharmaceutical company Novartis in January-June 2020 increased by 1.6% in annual terms and amounted to $ 4.04 billion, the company said. Earnings per share amounted to $ 1.77 at the end of the reporting period against $ 1.72 a year earlier. Novartis had sales of $ 23.63 billion in six months, up 3.3% from a year ago. In the second quarter, the company's net profit was $ 1.867...

Chinese TikTok refuses to move headquarters to London - 07/20/2020

Chinese company ByteDance, which owns the TikTok app, is considering London as the site for the global headquarters of the social network, writes The Sunday Times, citing a source. According to the newspaper, negotiations with the UK government are now suspended. According to a Reuters source, the issue is still under discussion. According to The Sunday Times, the Chinese company is going to...

American Airlines teams up with JetBlue to deal with sales slump - 07/17/2020

American Airlines announced the signing of a strategic partnership agreement with the American low-cost airline JetBlue. In fact, the companies are forming an alliance that will allow them to sell seats on each other's planes. The merger will give American Airlines customers access to approximately 130 destinations served by JetBlue. Moreover, for the company itself, this is an opportunity to...

Apple to pay up to $500 to owners of slow iPhones - 07/16/2020

Owners of some versions of the iPhone in the United States have received an opportunity to claim compensation from Apple. Due to a dispute in which the company was accused of deliberately slowing down the smartphones, Americans can claim up to $ 500 in compensation. American iPhone owners have received an opportunity to claim up to $500 in compensation from Apple for settlement of a dispute...
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