A guide to the world of business and investment
Meta CEO Mark Zuckerberg and other executives reached a settlement with a group of the company’s shareholders Thursday, ending a long-running, potentially blockbuster $8 billion trial over allegations Facebook knowingly harvested user data. An attorney representing Meta shareholders told Judge Kathaleen McCormick in Delaware’s Chancery Court a settlement was reached with Zuckerberg and other members […]
President Donald Trump announced a $12 billion aid package for farmers, offering much-needed financial assistance to a core constituency hit hard by the administration’s tariff policy, although members of the administration sought to connect recent struggles to Biden-era policies. Up to $11 billion of the aid package will be allotted for an assistance program for […]
Biocon—controlled by Indian pharmaceutical billionaire Kiran Mazumdar-Shaw—is buying the rest of privately held subsidiary Biocon Biologics to consolidate its biosimilars and generics drug businesses. The Bengaluru, India-based company will buy the stakes held by Serum Institute Life Sciences, Tata Capital and Activ Pine by swapping 70.28 Biocon shares for every 100 Biocon Biologics shares, at a […]
VinFast—controlled by Vietnam’s richest person Pham Nhat Vuong—is spending $500 million to triple its EV manufacturing capacity in India within a few years. The expansion will also enable the company’s existing factory in the southern Indian state of Tamil Nadu to produce electric buses, e-scooters and charging infrastructure, New York-listed VinFast said in a statement. The facility, […]
