Daily Management Review
Business & Finance

Music Streaming Services In U.S. Will Now Have To Pay More To Artists

Very soon music streaming companies like Spotify and Apple Inc. would have to pay more to songwriters and music publishers in royalty payments. This was decided upon by the U.S. copyright authorities. The increased payments are to be progressively implemented over the next five years. This...

Google Search May Hold The Key To Bitcoin’s Next Breakout

There seems to be a very accessible way to track the next big move for Bitcoin, says the first analyst to follow the cryptocurrency.   The key is to look into Google search and wallet growth, said DataTrek Research's co-Founder, Nick Colas, recently.   "By looking at the number of...

Sanofi buys Belgium's Ablynx for € 3.9 billion

The deal is another sign of M&A activity in the global biotech sector. Earlier, Ablynx rejected a purchase offer for € 2.6 billion from the Danish Novo Nordisk. Sanofi will pay € 45 per share in cash to Ablynx with a 21.2% premium on the closing price on Friday. The French company said that...

Pfizer & Merck’s Joint Venture In Diabetes Drug Gets EMA Committee’s Recommendation

Steglatro will be treating type II diabetes orally. One panel of European Medicines Agency, shortly called EMA, has come up with a recommendation of “granting marketing approval” towards a drug for diabetes that has been jointly developed by Merck & Co and Pfizer Inc.   The said...

Shell Goes On A Renewable Acquisition Spree Gaining Momentum In The Clean Energy Race

Shell and its peers are eyeing the renewable energy sectors on a “greater scale” to “effectively operate and leverage their trading skills” in the market. In last recent weeks’ time, the company of “Royal Dutch Shell” has acquired assets ranging from “solar power to electric car charging points”...

UBS, Deutsche Bank, HSBC to be fined by U.S. CFTC for spoofing and manipulation: Reuters

According to the news agency Reuters, European lenders UBS, HSBC and Deutsche Bank are set to be fined by the U.S. derivatives regulator for millions of dollars each for the so-called “spoofing” and manipulation in the future market in the U.S.   Sources reportedly told Reuters that the...

Google Would Be Happy To Pay More Tax, Says Its CEO

Google would be happy to pay more tax, declared the chief executive of the company as he also called on the authorities to reform the existing taxation system.   There is need for reformation in the existing tax system so that the concerns about some companies not paying up their fair...

Trump Tariff On Solar Panels Forces SunPower’s U.S. Expansion To Be Put On Hold

SunPower Corp wants its solar panels be exempted from the additional federal tariffs on imported solar panels that the Trump administration had imposed this week and has withheld its announced investment of $20 million in expansion plans for its U.S. factory as well as hundreds of new jobs until...

Why did Apple promise to invest $ 350 billion in the US economy?

Apple has announced huge plans to invest in the US economy. To begin with, the company will pay $ 38 billion in the implementation of the new tax legislation, and later plans to spend tens of billions to create jobs, new factories and data centres in the United States. Apple outlined its plans in...

CoinMarketCap's founder caused the latest collapse of Bitcoin

The rate of bitcoins and dozens of other crypto-currencies fell sharply on January 8, causing their total market capitalization to decline by more than $ 100 billion. The starting point for this global collapse was the apartment in a new residential building in Long Island City, New York. There...
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