Daily Management Review
Business & Finance

Chinese Xiao-i demands $ 1.4 billion from Apple for patent infringement

Chinese Shanghai Zhizhen Network Technology Co., which owns a patent for a voice assistant in China, has filed a lawsuit against Apple Inc., demanding damages from the American company in the amount of 10 billion yuan ($ 1.43 billion) in connection with patent infringement. The voice assistant,...

Siemens Healthineers to buy Varian for $16.4B

Siemens Healthineers (SH) has agreed to purchase all shares of the American pharmaceutical company Varian Medical Systems. For each share, the German manufacturer will pay $ 177.5, which is 24% higher than its value at the close of trading on Friday. In total, the deal is valued at $ 16.4 billion....

Apple Easily Beats Quarterly Estimates In Cvoid-19 Times, But Delay In New iPhones

With people working and learning from home amid stay at home orders and lockdowns to prevent the spread of the novel coronavirus pandemic and turning to its products and services, United States based tech giant Apple Inc comfortably beat estimates for its quarterly performance with year on year...

Alphabet's First-Ever Sales Drop Offset By Google Ad Revenue Growth

Google managed to avert its first quarterly drop in ad sale revenues in its 16 years as a public company as the company reported recovery of its ad sales have recovered after slumping in March at the height of the novel coronavirus pandemic, said Google’s parent company Alphabet on Thursday....

Investors rate TikTok as 50% more expensive than Snap

Investors in parent company TikTok valued the app at $ 50 billion, nearly 50% more than Snap, which owns the Snapchat messenger. Investors in Chinese company ByteDance, which owns TikTok, have valued the service at $ 50 billion, Reuters reported. They gave such an assessment as part of the...

America’s Big Tech Accused By Law Makers Of Stifling Rivalry To Get Market Dominance

Much of the heat of Democrat and Republican lawmakers in the United States congressional hearing, who questioned four America's most prominent tech CEOs, fell on Google and Facebook as the bosses of these two tech giants were criticized the most for their alleged abuse of their power in the market...

Bloomberg: Google is negotiating promotion of its products on Samsung gadgets

Google's parent company, Alphabet Inc., and South Korean electronics manufacturer Samsung are discussing promotion of Google products on Samsung devices, Bloomberg reported. According to the agency’s sources, Google will be able to tighten control over the search engine on Samsung devices. While...

Other Developed Countries To Be Charged The Same As The US For Its Vaccine, Says Pfizer

Compared to what it has charged the United States for its vaccine against the novel coronavirus that is still undergoing development, Pfizer Inc has said that the price for its vaccine candidate will not be lowered for other developed countries, the company said.   Pfizer finalized a deal...

Facebook Files Case Against EU Antitrust Regulator Over Excessive Of Data Requests

Antitrust regulators of the European Union have been sued by the social media giant Facebook for allegedly seeking more information from Facebook than what the social media platform deemed necessary.   Facebook alleged that the antitrust regulators of the EU had sought from the company...

Indian Reliance bypasses ExxonMobil to become the world's second energy company

Indian Reliance Industries Ltd bypassed American ExxonMobil Corp. and ranked second in the list of the largest energy companies in the world by market capitalization. Saudi Aramco remained in first place. On Friday in Mumbai, shares of the company, controlled by Asia's richest man Mukesh Ambani,...
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