Panos Panay, Chief Product Officer of Microsoft, has confirmed that he will be leaving the company and joining Amazon. Panay made the announcement on social media platform X, formerly known as Twitter. This move comes just ahead of Amazon’s annual devices event.
Google Faces Allegations of Ad Auction Manipulation in Antitrust Trial
In a federal antitrust trial, Google, a subsidiary of Alphabet Inc, is facing scrutiny for allegedly adjusting its advertising auctions to meet revenue goals. These changes in the auction process can result in increased ad prices, sometimes up to 5%. Google may also raise the minimum spending on ads, known as reserve pricing.
TSMC Discusses Boosting Chip Packaging Capacity in Arizona
Taiwan Semiconductor Manufacturing Co (TSMC) is in talks with Arizona authorities to add advanced chip packaging capacity at its plants in the state. This move is in response to packaging becoming a bottleneck in semiconductor production, particularly for high-demand products like Nvidia Corp’s AI accelerators. While TSMC plans to expand packaging capacity in Taiwan, supply constraints are expected to persist for another 18 months.
Microsoft Exposes Sensitive Information on GitHub
Microsoft recently addressed a security incident where a URL with an overly permissive access token was shared on a public GitHub repository by one of its employees. Security researchers were able to access specific information in the storage account using this token. The incident was reported by Wiz.io, a group of security researchers.
Novo Nordisk Partners With Aspen Pharmacare to Supply Insulin in Africa
Novo Nordisk has announced a partnership with South Africa-based Aspen Pharmacare to establish human insulin production in South Africa. Under the contract, Novo Nordisk expects to produce 16 million insulin vials next year, which is equivalent to the annual consumption of 1.1 million people.
BeiGene Regains Rights to Develop Cancer Drug From Novartis
BeiGene has regained the rights to develop, manufacture, and commercialize its cancer drug, Tevimbra, from Novartis. Shortly after this announcement, the European Commission approved Tevimbra as a monotherapy for certain types of cancer.
Rocket Lab’s 41st Mission Encounters Technical Issues
Rocket Lab encountered technical issues during its 41st mission, resulting in a setback. The incident occurred after the successful liftoff from Launch Complex 1 and completion of the initial stage burn and separation. Rocket Lab is an aerospace manufacturer and small satellite launch service provider.
European Commission Approves ViiV Healthcare’s HIV Prevention Drug
The European Commission has approved Apretude, an HIV prevention drug developed by ViiV Healthcare. ViiV Healthcare is majority-owned by GSK plc, with Pfizer Inc and Shionogi as shareholders.
AutoZone Reports Strong Q4 Earnings with Solid International Stores Performance
AutoZone has reported strong fourth-quarter sales growth, driven by solid performance in its international stores. Domestic same-store sales increased slightly, while international same-store sales saw significant growth.
BP Appoints Kate Thomson as Interim Finance Head
BP has appointed Kate Thomson as the interim chief financial officer. Thomson, who has been with the company for 19 years, currently serves as the company’s senior vice president of finance for production and operations.
MGM Resorts’ Casino License in New York City Complicated by Bookie Scandal
The chances of MGM Resorts winning two casino licenses in New York City have become complicated due to an alleged bookmaking scandal in Las Vegas. MGM Grand and Resorts World, operators of existing casinos in New York, had been considered front-runners for the licenses.
Department of Defense and Google Partner to Develop AI-Powered Microscope for Cancer Detection
The Department of Defense has partnered with Google to develop an AI-powered microscope to help doctors identify cancer. This technology, known as an Augmented Reality Microscope (ARM), is still in its early stages but shows promise in preliminary research.
Resurgent Huawei Poses Threat to Apple with Semiconductor Breakthrough
Huawei Technologies is becoming a significant threat to Apple in China thanks to a major semiconductor breakthrough that defies U.S. sanctions. Apple is facing several challenges in China, including geopolitical tensions and economic uncertainties.
Google’s Bard AI Chatbot Integrates with Gmail, YouTube, and Google Docs
Google is integrating its Bard artificial intelligence chatbot with popular products such as Gmail, YouTube, and Google Docs. This move comes as the competition in the AI space heats up, with Bard competing against ChatGPT and Bing.
Starbucks Faces Lawsuit Over Missing Fruit in Fruit Drinks
Starbucks is facing a lawsuit accusing the company of not including actual fruit in its Refresher fruit drinks. A federal judge has allowed the lawsuit to proceed, stating that a substantial number of reasonable consumers would expect the drinks to contain the fruit indicated in their titles.
Sources:
– Bloomberg
– Benzinga
– New York Post
– CNBC
– Washington Post
– Reuters
