LATEST ARTICLES

Airbnb CEO pledges to take more responsibility for impact to housing

SAN FRANCISCO (Reuters) - Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. “Every year I think you have a sense you have even more responsibility than the year before,” Chesky said in...

Sangamo in $3 billion gene-editing deal with Gilead

(Reuters) - U.S. drugmaker Gilead Sciences Inc will use Sangamo Therapeutics Inc’s gene-editing technology to develop cancer treatments in a deal potentially worth about $3 billion to Sangamo, the companies said on Thursday. The deal is the latest by a major drugmaker looking to develop lucrative gene therapies that have the potential to treat ailments by directly targeting disease-causing...

Intel did not tell U.S. cyber officials about chip flaws until made public

(Reuters) - Intel Corp did not inform U.S. cyber security officials of the so-called Meltdown and Spectre chip security flaws until they leaked to the public, six months after Alphabet Inc notified the chipmaker of the problems, according to letters sent by tech companies to lawmakers on Thursday. Current and former U.S. government officials have raised concerns that the...

U.S. health officials reverse stance on AstraZeneca’s flu vaccine

(Reuters) - AstraZeneca Plc said on Wednesday an advisory committee of the U.S. Centers for Disease Control and Prevention recommended the use of its FluMist Quadrivalent vaccine in the upcoming flu season, reversing its earlier position. In 2016, the agency advised doctors not to use the nasal spray citing data that demonstrated it was not effective at preventing influenza....

Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Microchip maker Broadcom Ltd (AVGO.O) cut its bid for Qualcomm Inc (QCOM.O) on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors NV (NXPI.O) to $44 billion. Qualcomm responded that Broadcom had made “an inadequate offer even worse,” setting up a showdown on March 6,...

Daimler to start serial production of eActros truck in 2021

STUTTGART (Reuters) - Daimler (DAIGn.DE) said on Wednesday it aims to start serial production of an electric heavy truck with a range of 200 km (124 miles) in 2021, Daimler Trucks chief Martin Daum said. A year ago, Daimler had said its eActros could be ready for serial production in 2020. Ten customers, including supermarket chain Edeka and logistics...

With medicine running out, Venezuelans with transplants live in fear

CARACAS (Reuters) - Yasmira Castano felt she had a fresh chance at life when she received a kidney transplant almost two decades ago. The young Venezuelan was able to finish high school and went on to work as a manicurist. But late last year, Castano, now 40, was unable to find the drugs needed to keep her body from...

Qualcomm deals blow to Broadcom’s bid with sweetened NXP deal

(Reuters) - U.S. semiconductor company Qualcomm Inc (QCOM.O) on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV (NXPI.O), its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd (AVGO.O). The new deal puts pressure on Broadcom to decide if it will stick with a stipulation in its bid that...

Uber CEO sees commercialization of flying taxis in 5-10 years

TOKYO (Reuters) - Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialization of the Uber Air flying taxi service happening within five to 10 years. The U.S. ride-hailing app maker has said it expects flying vehicles to eventually become an affordable method of mass transportation. Khosrowshahi was speaking at an investor forum in...

Israeli visual aid company OrCam valued at $1 billion

JERUSALEM (Reuters) - Israel’s OrCam, which has developed a visual aid for the blind, has completed a funding round that values the company at $1 billion, putting it on track for a planned initial public offering (IPO), its chief executive said on Tuesday. The company raised $30.4 million by selling an approximate 3 percent stake to investors including Israel’s...