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Finland Joins NATO, Doubles Border Length, Russia Issues Warning
- Finland’s Minister of Foreign Affairs signs the instrument of accession, making Finland the 31st member of the North Atlantic Treaty Organization (NATO) Security Alliance.
- The move is a strategic and political blow to Russia’s Vladimir Putin, who has repeatedly complained about NATO’s expansion against Russia and used it as part of his justification for aggression against Ukraine.
Dogecoin Fans Ask Elon Musk To Take It To The Moon As Official Twitter Currency
- Cryptoverse has new demands on Twitter chief Elon Musk After a recent logo tweak: make dogecoin (DOGE/USD) The official currency of the microblogging platform.
- One such call was made. David GoeksteinIt operates Gokhshtein Media, a cryptocurrency media company.
Richard Branson’s space dream crashes as Virgin Orbit files for bankruptcy
- Richard Branson’s Virgin Orbit Holdings speech filed for Chapter 11 bankruptcy the day after it warned of significant doubt about its ability to continue as a going concern for at least 12 months.
- Virgin Orbit filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware on Tuesday.
- The company listed between $100 million and $500 million in assets and liabilities per filing.
Meet an astronaut on his way to the moon 50 years after mankind’s last landing
- NASA and the Canadian Space Agency named four astronauts who would be part of them Artemis II Monday mission.
- NASA astronaut Reed Wiseman, Victor Gloverand Christina Hammock Kochand CSA astronauts Jeremy Hansen NASA said in a statement that it will be part of the Artemis II mission, which will orbit the Moon for 10 days.
Nio rejects Elon Musk’s ruthless move: Tesla says it can’t fix EV prices in China
- Nio Co., Ltd. Nio CEO William Lee Chinese EV makers said they would not participate in the price war, but added that Elon Musk’s Tesla Inc. TSLA We cannot determine EV prices in China.
- At a recent industry conference, Mr. Li said Nio won’t be in the EV price war because gross margins are too low.
- Blind price cuts would create ruthless competition domestically, he added during a speech at an industry conference.
Ron DeSantis angers Disney CEO over ‘don’t call him gay’ retaliation
- walt disney company DIS CEO Bob Iger strike back at Florida’s Republican governor Ron DeSantis on Monday in apparent retaliation against the entertainment giant.
- Iger said at the company’s annual shareholder meeting that Disney may have mishandled its position on Florida’s so-called “don’t say gay” bill, but will speak to the company, according to Reuters. He said he had the right.
- “Trying to punish companies for exercising their constitutional rights seems really wrong to me,” Iger said.
Lockheed Martin, F-35 Joint Program Office Inc., £147m contract to support UK’s F-35 fleet
- Lockheed Martin LMT The F-35 Joint Program Office (JPO) also signed the Lightning Air System National Capability Enterprise (LANCE) 23-27 contract to support the UK’s F-35 fleet.
- The contract, valued at approximately £147 million, will ensure and enhance the availability of the UK F-35 fleet and its ability to conduct combat missions around the world.
Natura sells Aesop to L’Oréal for $2.5B.A plan to focus on strategic priorities
- French skin care giant L’Oréal LRLCY Agreed to acquire Australian luxury beauty brand Aesop. Natura & Co Holding SA NTCO.
- The proposed transaction values Aesop at $2.525 billion.
- Founded in 1987, Aēsop currently operates approximately 400 points of sale in the Americas, Europe, Australia, New Zealand and Asia.
- The brand, which became part of Natura in 2012, posted sales of $537 million in 2022.
TechCrunch
Spotify pulls the curtain down on Spotify Live, highlighting battle with live audio
- Spotify Technology SA spot is shutting down its live audio app Spotify Live, a company spokesperson confirmed Monday.
- The company says it will continue to explore live functionality on its central platform.
- After a period of experimentation, Spotify decided to discontinue the Spotify Live app.
- Based on that learning, it no longer makes sense as a standalone app, highlighting the company’s struggle with live audio.
wall street journal
US Department of Justice slaps anti-competitive charges against Activision Blizzard related to esports league
- Department of Justice indicted Activision Blizzard ATVI to limit competition for Activision players; overwatch and call of duty Suppression of professional esports leagues and the wages of esports players in these leagues.
- The complaint alleges that Activision’s two esports leagues and the independently owned teams in each league implemented a so-called competitive balance tax and penalized the teams. overwatch and call of duty If a team’s player compensation exceeds a threshold set by Activision, the respective league.
Reuters
US court upholds Bayer in lawsuit against Merck over talc debt
- Merck MRK Continued asbestos-related liability related to the talc product line to which it is sold Bayer AG Bailey As part of a $14.2 billion deal closed in 2014.
- Under the deal, Bayer acquired Merck’s existing OTC business.
- Delaware Chancery Court Vice President Nathan Cook said the acquisition agreement “clearly and unequivocally” made Merck liable for claims related to products sold before the transaction was completed. rice field.
Despite tensions, German insurer renews insurance cover for Russian-owned Nordstream pipeline
- Allianz SE Alligy and Munich Re Germany has renewed insurance coverage for damage to the Russian-controlled Nord Stream 1 gas pipeline.
- Russia holds a 51% stake in Nord Stream 1 through a subsidiary of state-owned energy group Gazprom.
- Russia’s foreign ministry has reportedly accused European countries of trying to cover up the findings of the Nord Stream gas pipeline explosion last September.
After denials, Pfizer and Merck slightly cut prices for COVID-19 treatment in China
- Pfizer Japan Inc PFE and Merck MRK has reportedly lowered the price of its respective COVID-19 treatment in China.
- Pfizer has cut the price of Paxrovid by about 100 yuan ($14.54) to 1,790 for a box of 30 tablets. Meanwhile, Merck has lowered the price of his 40-capsule bottle of oral medication molnupiravir by 74 yuan to 1,426 yuan.
bloomberg
Walmart’s job cuts affect 2,000 positions at its e-commerce warehouse
- of Walmart WMT Job cuts at five US e-commerce fulfillment centers are reported to affect more than 2,000 jobs.
- However, affected employees will be given assistance to find other roles at the company.
- The job cuts include more than 1,000 jobs at a warehouse in Fort Worth, Texas, approximately 600 jobs at a fulfillment center in Pennsylvania, 400 jobs in Florida, and 200 jobs in New Jersey.
Photo via Wikimedia Commons
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