Daily Management Review
Business & Finance

Pharma companies to pay $26bn in US to settle 'opioid epidemic' case

On Wednesday, 21 July, an agreement was announced between the pharmaceutical company Johnson & Johnson and three of the largest US drug distributors McKesson, AmerisourceBergen and Cardinal Health on one side and several dozen US states and cities on the other. The companies agreed to pay a...

Pandemic Strategies To Be Used By Coca Cola To Prepare For Potential Delta Variant Hit

The strategy that it had successfully adopted during the Covid-19 pandemic – that if focusing on its bigger brands and focusing more on its supply chain, will be relied on by Coca Cola Co to address the impact of a possible new wave of the pandemic believed to be caused by the Delta variant of the...

Landmark Settlement Deal Worth $26bln Arrived At In US Opioid Epidemic Case

A landmark $26 billion settlement has been arrived at with large drug companies and a number of states of the United States over the role of the companies in fuelling a deadly nationwide epidemic of opioid on Wednesday. However the deal still has to be supported by thousands of local governments....

Japanese company's shares fall 10% after message about punishing vaccinated employees

Shares in a major Japanese developer posted a three-year record drop following an article that employees vaccinated against the coronavirus were allegedly at risk of punishment. The company categorically denied the publication, but this did not stop investors from fleeing. Shares in one of Japan's...

Revolut launches booking service with up to 10% cashback

Fintech start-up Revolut is entering the travel market: it has launched a travel booking service. This is the company's first product outside the financial sector. British fintech company Revolut has launched an in-app travel accommodation booking service called Stays, CNBC wrote. Revolut itself...

Questions Being Raised Over Sale Of UK Chip Plant To A Chinese-Owned Firm

The sale of Wales, United Kingdom based chip wafer making factory,  Newport Wafer Fab to a Chinese company has raised questions after reports surfaced that the British chip maker currently had more than a dozen research contracts with the British government.   According to reports...

Robinhood plans to raise $2.3B in IPO

Fintech start-up Robinhood, which has developed a popular app for retail investors, is set to sell about 55 million shares in its IPO, with a price range of $38-42 apiece. This is according to the company's filings with the US Securities and Exchange Commission on Monday. By doing so, the startup...

Chinese State Investors To Auction Controlling Stake Of Revamped Anbang For $5.2 Bln

A combined stake of 98.7 per cent in the Chinese insurance firm Dajia Insurance Group, which had been recently rehashed and formed into a new entity out of the beleaguered Anbang Insurance Group, is planned to be sold by two Chinese state investors of the company which amounts to a total value of...

Honda CEO Says Company Wiling To Join New Alliances For Reducing EV Costs

Japanese auto company Honda Motor Co was open to making new alliances and partnerships for making electric vehicles profitable, said the company’s new chief executive on Friday.   "If through an alliance Honda can accomplish early what it should aim to be, then we'd be willing to form an...

Goldman Sachs chief notes delays in Chinese companies listing

Goldman Sachs CEO David Solomon said China's recent moves to increase oversight of its technology industry will delay the US listing of many Chinese companies. Because of moves by the Chinese government to increase its oversight of technology companies, many Chinese companies will delay their...
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