Daily Management Review
Business & Finance

Red Sea Tensions Are Apparently Causing A Chinese Shipping Company To Halt Travelling To Israel

As tensions in the vital maritime route continue to increase, Israel's state media announced that the Chinese state-owned shipping behemoth Cosco has stopped shipments to Israel via the Red Sea.   As per Globes, an Israeli financial news outlet, Cosco's decision's details are still unknown....

This Year's CES Will Be Dominated By AI, Even Without Altman From OpenAI There

Sam Altman, the CEO of OpenAI, will not be present at next week's CES trade event in Las Vegas. However, as device manufacturers scramble to find consumer applications for the technology, the generative artificial intelligence frenzy his business touched off last year will be on full display....

MarketWatch: Nvidia’s papers top Wall Street's list of favorites for growth potential in 2024

Consensus estimates from analysts indicate that the securities' price could increase by 37% in the upcoming year. Experts predict that the business will continue to hold the top spot in the data center graphics processor market while expanding its capabilities to accommodate artificial intelligence...

AstraZeneca to buy China's Gracell for $1.2B

Chinese biotech Gracell Biotechnologies will be acquired by Swedish-British company AstraZeneca for a reported $1.2 billion. In total, AstraZeneca will pay $1 billion, plus an additional $200 million upon the achievement of specific regulatory requirements. It is anticipated that the deal would...

Bayer wins first court victory in Roundup herbicide case

A trial court in San Benito County, California, has rendered a decision in support of Bayer Chemical Corporation, a company that was accused of causing cancer through its Roundup herbicide. The plaintiff's cancer was not deemed to be related to the usage of this herbicide, according to the court....

Blue Origin bids to buy aerospace company United Launch Alliance

American aerospace companies Boeing Co. and Lockheed Martin have received offers from Jeff Bezos' Blue Origin and private equity firm Cerberus to buy launch vehicle manufacturer United Launch Alliance (ULA), the Wall Street Journal writes. The amounts of the bids made by Cerberus and Blue Origin...

Toshiba leaves Tokyo Stock Exchange, goes private

On December 20, the Tokyo Stock Exchange delisted Toshiba's industrial conglomerate's shares, according to the Financial Times. After being listed on the stock exchange for 74 years, the corporation accepted a buyout offer in March worth 2 trillion yen, or $14 billion, from a group of investors...

Chile's SQM and Australia's Hancock to buy lithium producer Azure for $1.1B

Australia's wealthiest woman, Gina Rinehart, owns Hancock Prospecting Pty., which is owned by the Chilean business Sociedad Quimica & Minera de Chile SA (SQM), and together they have made a formal offer to purchase Australian lithium producer Azure Minerals Ltd. For the business, they made an...

Asian Consumers Of Fertiliser Avoid China, A Major Exporter, As Restrictions Get Tighter

Asian fertiliser customers are looking for alternatives to Chinese suppliers due to worries that the largest exporter in the world has become an increasingly untrustworthy provider as a result of shipments being halted to safeguard its own market, according to importers and analysts.   China...

Pfizer Rests Its Forecast For COVID Related Sale For 2024 Causing Shares To Fall

Pfizer predicted that its revenues in 2024 may fall by as much as $5 billion from Wall Street estimates. Top officials claimed that this move gave a more trustworthy picture of the company's COVID-19 business than they had given this year, which caused shares to drop to a 10-year low.  ...
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