fbpx

3/19/21: What’s Going On

News from around the business world.
(StanislavSukhin)
(StanislavSukhin)
Share on facebook
Share on twitter
Share on linkedin
Share on email

“The European Union’s health agency said the Covid-19 vaccine produced by AstraZeneca PLC was “safe and effective” and didn’t increase the risk of blood clots, a decision that prompted four major bloc members to say they would resume inoculation campaigns. France, Italy, Spain and Portugal said they would start vaccinating residents again after the European Medicines Agency on Thursday said new expert analysis concluded that the benefits of using a Covid-19 vaccine produced by AstraZeneca outweigh its potential risks.”

“Tech companies led by Mozilla are urging the Federal Communications Commission to swiftly reinstate net neutrality rules stripped away under the Trump administration. In a letter to FCC Acting Chairwoman Jessica Rosenworcel Friday, ADT, Dropbox, Eventbrite, Reddit, Vimeo and Wikimedia joined Mozilla, the maker of the Firefox web browser, in calling net neutrality ‘critical for preserving the internet as a free and open medium that promotes innovation and spurs economic growth.’”

“Chinese ride-hailing giant Didi Chuxing Technology Co. is accelerating plans for an initial public offering to as early as next quarter to capitalize on a post-pandemic turnaround. Didi, the largest investment in SoftBank Group Corp.’s portfolio, is targeting a valuation above the $62 billion it secured during its last funding round. The company moved up plans from a previous target of late 2021 after its Uber-like car-hailing business bounced back with China’s success in bringing Covid-19 under control.”

Companies Raising Capital
NameAmountDescriptions
OpenSea$23 MillionNFT Marketplace
Fortify$20 MillionCreators Of A Composite Manufacturing 3D Printer
Fort$13 MillionRobotics Safety Software

“Restaurant and hotel bookings are up. Airplane tickets are selling fast. Consumers spent more on gyms, salons and spas in recent weeks than they have since the coronavirus pandemic began. The U.S. economic recovery is picking up steam as Americans increase their spending, particularly on in-person services that were battered by the coronavirus pandemic.”

“China’s government is restricting the use of Tesla Inc.’s vehicles by personnel at military, state-owned enterprises in sensitive industries and key agencies, citing concerns that the American electric-vehicle maker’s cars could be a source of national security leaks.”

“The N.F.L. signed new media rights agreements with CBS, NBC, Fox, ESPN and Amazon collectively worth about $110 billion over 11 years, nearly doubling the value of its previous contracts.”

“Endeavor Group Holdings, the entertainment conglomerate that owns Ultimate Fighting Championship, talent agencies IMG and William Morris, and produces content, including Premier League soccer and movies such as La La Land, has filed confidential paperwork for an initial public offering with the Securities and Exchange Commission.”

“Instagram is planning a new version of the photo-sharing app that will be designed especially for children. The existing app is off limits to children under 13 and Instagram said in a blog post this week that it was working to strengthen protections for its youngest users.”

“Property and casualty insurer Chubb on Thursday offered to acquire smaller rival Hartford Financial Services Group in a $23.24 billion cash-and-stock deal. Chubb’s $65 per share offer represents a premium of 13.2% to Hartford’s last close of $57.41.”

“NASA’s plans for a lunar mission this year remain on track after it said a deep-space rocket made by Boeing Co. passed a key engine test on Thursday.”

Share on facebook
Share on twitter
Share on linkedin
Share on email

Responses

Related Posts