Biogen has offered a glimmer of hope saying it intended to take an experimental drug into the final stages of testing following promising results from a clinical trial. Biogen’ share shot up 18 per cent at the open in New York Yesterday, adding about $10bn to its market valuation, after the US biotech company and…
Jack Ma, Alibaba founder, Pony Ma, Tencent CEO and Li Ka-Shing, CK Hutchinson Holdings former chairman, all billionaires have agreed to buy stakes in Xiaomi ahead of its IPO. Xiaomi’s IPO, the biggest since Alibaba’s 2014 IPO will see $30 million investment from Li Ka-Shing and expected to raise over $6.1billion through IPO.
IBM revealed in March 2018, “world’s smallest Computer”, but a team at University of Michigan has brought out even smaller computer that’s “dwarfed by a grain of rice”, measuring just 0.33mm on each side. The University originally held the “world’s smallest” trophy with its 2mm x 2mm x 4mm Michigan Micro until IBM’s smaller-than-salt 1mm…
JD.com a Chinese second largest e-commerce group is bought by Google for $550m, a deal for a less than 1 per cent stake is the latest step in a China Strategy whose core search engine has been effectively blocked in China since 2010. JD.com initially will offer its merchandise over Google’s shopping site before branching…
Sir Marin Sorell the former CEO of WPP who resigned in April 2018 which he founded and grew into the world’s biggest advertising holding group, embroiled in contro0versy over his departure. Ken Auletta states in the last chapter of Frenemies, “Seventy-two and still robust, Martin Sorrell was unlikely to step down any time soon” which…
Oxford BioMedica in a £738.88m deal with Axovant which specialises in treatment for neurological diseases is a subsidiary of Roivant Sciences. Oxford BioMedica, one of Britain’s oldest biotech companies, has sealed an $842.5m ( £738.88m) deal with Axovant Sciences of the US to commercialise its gene therapy for Parkinson’s disease. New of the worldwide deal…
Apple will attempt to frustrate tools used by Facebook to automatically track web users, within the next version of its iOS and Mac operating systems. Apple’ software chief Craig Federighi, said at the WWDC developers conference, “We’re shutting down automatic tracking of web users without the owner’s permission, unlike the web browser Safari which would…
Microsoft today confirmed that it acquired Git-Hub, a popular Git-based code sharing and collaboration service for $7.5billion in Microsoft stock. GitHub raised $350m and the company was valued at £2bn in 2015. Former Xamarin CEO Nat Friedman ( now Microsoft corporate vice president) will become the GitHub’s CEO. Former GitHub CEO Chris Wanstrath will become…
Paypal buys Izettle for £1.66bn ( $2.2bn) to buy Swedish payments start-up iZettle, just before it was set to become the biggest fintech in Europe to list. The US PayPal giant wanted this deal so badly that they are paying double the amount that iZettle, which is aiming at Europe and Latin America, was targeting…
Do you know how the latest technological advances in gene editing, social media, artificial intelligence and robotics are changing our lives and societies, when we are more obsessed about immortality, divinity and bliss. The technology will give us the capacity to edit and direct our lives and our futures. Nigel Shadbolt, a computer science professor…