Industry News

GM to double the size of its test fleets, says it’s ready to mass produce self-driving cars

Amidst the rapidly advancing battle among the tech companies and automotive giants regarding who among them would be the first to deploy self-driving cars on the road for everyday use, General Motor’s self-drivin...


Yahoo reveals explicit details of the 2013 data theft, claims 3 billion of its accounts to have been hacked

The international tech conglomerate, Yahoo, has once again made it to the front page, claiming that a mammoth 3 billion of its accounts have been hacked in a major data theft in 2013. This news comes along the heels of...


Disney and Altice reach a contract agreement in principle to avert blackouts

Following the recent spat regarding the carriage dispute between themselves, Walt Disney and Altice have once again made it to the headlines with their preliminary contract agreements. Reportedly, the companies have re...


U.S. FDA officially authorizes Lilly’s Verzenio drug to treat patients with common advanced breast cancer

The all-pervasive regulatory body – the U.S. Food & Drug Administration (FDA) has scarcely approved a novel drug pill – called Verzenio, conceptualized and manufactured by Eli Lilly and Company to treat...


Western Digital files an auxiliary arbitration in a bid to block Toshiba’s prospective multi-billion-dollar chip sale

Western Digital, one of the largest computer hard disk drive manufacturers in the world, has announced that it intends to seek an injunction with the International Court of Arbitration to block the sale of Toshiba'...


Axovant’s intepirdine drug fails to meet the efficacy goals of Phase 3 MINDSET Alzheimer Trial

Axovant Sciences Limited, one of most globally renowned pharmaceutical firms, has recently declared that its Phase 3 MINDSET clinical trial of intepirdine, a drug that has been deemed to improve memory, learning, &...


Astrazeneca, Moderna depict successful results in early-stage trials of mRNA AZD-8601

Taking a profound leap ahead with regards to messenger RNA therapies, Astrazeneca, in conjunction with Moderna Therapeutics, has developed a heart drug that has apparently made it through the early stage in clinical tria...


Lyft lays down climate change goals, plans to provide around 1 billion autonomous electric rides annually by 2025

Lyft, the renowned transportation network company headquartered in San Francisco, California, has recently announced its plans to set up climate impact goals with a view to play its part in reducing carbon dioxide emissi...


Uber to team up with Luxe, renowned transport company plans to acquire talent & assets from the car valet firm

While Uber is still wrestling with a string of controversies including discrimination allegations and sexual harassments, this ride hailing giant is in between the last stage talks to acquire an engineering team from L...


Amazon brings forth another powerful service offering, the chase to get even more challenging for Walmart and other retail firms

Renowned global cloud computing and e-commerce giant, Amazon, Inc., has brought to light, another superb service offering via its discounted Prime membership program, for customers who receive U.S. government assistanc...


Audi to expand its business space in the United States, utility car sales set to soar across the country

Audi, the reputed German automaker and a major player in global automotive market, has reportedl...


Russia confident of oil market demand-supply balance by Q1 2018

In the Astana Expo 2017 that was recently held in Kazakhstan, Russia’s energy minister Alexander Novak took the liberty of stating that the global oil market is likely to reach an impasse, with the supply-demand ...


Russia confident of oil market demand-supply balance by Q1 2018

In the Astana Expo 2017 that was recently held in Kazakhstan, Russia’s energy minister Alexander Novak took the liberty of stating that the global oil market is likely to reach an impasse, with the supply-demand ...


Jaguar invests around USD 25 million in Lyft, both parties to team up and work on autonomous-driving technology

Renowned British multinational automaker Jaguar, has reportedly invested around USD 25 million in Lyft, the global transportation network company headquartered in San Francisco, California, to expand their self-driving a...


Hexcel to acquire French composite maker Structil, deal to boost advanced composite solutions for aerospace & industrial applications

Hexcel Corporation, a leading materials company headquartered in Connecticut has recently announced its decision to acquire Structil SA including all its exclusive shares. The acquisition is expected to close in 2017, ...


Novo Nordisk collaborates with Innate Pharma, French drug maker acquires rights to antiC5aR antibody

Novo Nordisk, renowned firm operating in global pharmaceutical market, has sold the exclusive rights of IPH5401, the first class clinical stage antiC5aR antibody that outlines a therapeutic approach toward immuno-oncol...


BASF & SINOPEC join forces to expand the propionic acid capacity at the Nanjing site in China

BASF SE, the eminent German company dealing with chemicals, plastics, coatings, crude oil, and natural gas, has recently collaborated with SINOPEC, the renowned Chinese oil & gas market player to increase the propi...


Dow Chemical loses lawsuit filed against the dioxin contamination, the verdict by the Michigan appellate court favors property owners

Dow Chemical, the well-known American multinational corporation accumulating a major chunk of worldwide chemicals market, has suffered a major setback with the loss of a crucial lawsuit pertaining to dioxin pollution. No...


Cargill to acquire chicken products manufacturer Pollos El Bucanero to penetrate the Colombian market

The sprawling conglomerate of Cargill, headquartered in Minnesota, has recently acquired Pollos El Bucanero, one of the most prominent producers of chicken and processed meat, based in Colombia, Latin America. Cargill ...


Thailand’s civil-military airport upgrade worth USD 5.7 billion to pose a threat to Singapore’s dominance

Thailand plans to take over the dominant position held by Singapore in aircraft repair, maintenance, and overhaul by upgrading its Vietnam war-torn civil-military airport for a valuation of USD 5.7 billion. The ambitio...


L’Oréal develops lab-produced human skin to restrict product testing on animals, other cosmetic firms follow suit

L’Oréal, the renowned French cosmetics company, has been developing artificial human skin for all its ingredient and product testing procedures prior to their distribution in the market. This Clichy headqu...


Johnson & Johnson settles lawsuit filed by U.S. states, pharma magnate to pay USD 33 million

Johnson & Johnson, the renowned American healthcare giant, has reportedly finalized a settlement of USD 33 million with 43 states, in a bid to resolve the allegations piled against the company for marketing non-pre...


San Diego Gas & Electric partners with Powin to construct a 26 MWh battery storage system in California

Powin Energy Corporation, a leading service provider of battery energy storage solutions for various sectors such as commercial & industrial, utility, and microgrid, has recently signed an agreement with the presti...


Merck and UnitedHealth join forces, collaboration aims to improvise on drug payment plans

UnitedHealth Group, the notable American company operating in global healthcare market, has collaborated with Merck & Co., one of the most renowned pharmaceutical companies across the globe, with an aim to enhance ...


Enterprise Ethereum Alliance includes industry biggies Merck and Toyota in the blockchain network

EEA (Enterprise Ethereum Alliance), an initiative to standardize the business version of Ethereum that focuses on blockchain technology, has recently expanded its portfolio by adding numerous companies to its membershi...


The best bet amid falling energy prices - Three oil stocks that are currently ripe for a deal

Energy prices are reportedly going downhill in the United States, despite the rapid economic growth of the country. Reliable sources state that not a single energy stock mutual fund in the United States has made money ...


FAA’s new UAV regulation will ease the inclusion of UAVs into civil-commercial applications, boosting the demand for small VTOL UAV

VTOL UAVs are are capable of performing vertical take-off and landing and do not require a runway. VTOL UAVs can be further classified into multi-rotors (quadcopters, hexacopters, and octocopters), helicopter-configured UAVs, and tiltrotor VTOL UA...


Global FPSO Industry – 65 FPSOs are expected to commence operations by the year 2020

Key Highlights A total of 65 FPSOs are expected to commence operations by the year 2020. However the start of the several planned FPSOs is estimated to be delayed due to declining upstream capital expenditure. ...


Global Ammonia Industry – Ammonia Capacity to Grow 270.4 mmtpa in 2020

Key Highlights Global Ammonia capacity will experience considerable growth in the next five years, increasing from 224.9 mmtpa in 2015 to 270.4 mmtpa in 2020. Around 79 planned projects are slated to come online in ...


Urine Analyzers Medical Devices Industry Pipeline Assessment 2016

Urine Analyzers are automated or semi automated analytical laboratory equipments used in qualitative and semi-quantitative tests. It is performed on urine samples to determine specific contents of chemicals and proteins in the body. These tests ar...