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Russia has long been involved in the global race for leadership in high-tech medicine. The state had specific grounds to count on success. Overall, it is an excellent intellectual capital left over from Soviet times in the form of a network of quality medical universities, research institutes, and primary clinics […]

Chinese Internet giant sold 3.1% stake in Indian payment company in a block deal Alibaba Group, which owned a 6.26% stake in Paytm at the end of September, sold the stake for 536.95 rupees apiece. Morgan Stanley acted as a consultant on the deal. Shares of Paytm are up about […]

Chinese crypto-entrepreneur wants to buy assets of cryptocurrency lender Genesis’ parent company, which is threatened with bankruptcy Chinese crypto-entrepreneur Justin Sun is willing to spend $1 billion of his own money to buy assets owned by Digital Currency Group (DCG), the parent company of cryptocurrency lender Genesis, which is facing […]

U.S. Department of Energy extended credit for company’s Nevada plant Lithium company Ioneer said it has received a conditional loan commitment of up to $700 million from the Department of Energy as the U.S. seeks to develop new material supply chains that are critical to the energy transition. Ioneer is […]

GlobalLogic, part of the Hitachi Group, announced the acquisition of Hexacta, a Latin American digital engineering and data processing company. The acquisition is part of GlobalLogic’s strategy to expand its offerings and increase its exceptional engineering talent. Hexacta, which has been in the market for more than 20 years, provides […]

The automaker is not giving up production even amid Wall Street concerns about demand for its cars The Wall Street Journal reported that electric-car maker Tesla is exploring the possibility of expanding its plant near Austin. According to Texas regulatory documents, work on the new infrastructure could begin as early […]

The sale will allow customers to recover 51% of the value of their deposits at the time of the bankruptcy filing for cryptocurrency lender Voyager Digital Bankrupt cryptocurrency lender Voyager Digital received initial court approval to sell its assets to Binance.US for $1 billion. U.S. Bankruptcy Judge Michael Wiles in […]

Taiwan chipmaker announces investment cuts amid projected 5% drop in revenue Taiwan-based chipmaker TSMC warned that first-quarter revenue will fall 5% and annual investment will decline as major supplier Apple Inc expects demand to fall due to a slowing global economy. The bearish outlook follows a 78% jump in fourth-quarter […]

The amount of funds raised in different sectors of the crypto market is relatively balanced According to analyst Colin Wu, who cites data from Mesari, venture capitalists have invested $37.7 billion in 1,769 crypto projects, of which the centralized finance (CeFi) sector accounts for 14%, decentralized finance (DeFi) for 18%, […]

Deal will expand AstraZeneca’s heart and kidney drug business AstraZeneca said it has struck a deal to buy U.S. drug developer CinCor Pharma Inc to increase its inventory of heart and kidney drugs. The backbone of the deal is the experimental therapeutic drug CinCor baxdrostat, which is being developed to […]