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Business News

Location American Business News for 3 August 2021
Cinemark Holdings Inc Ranked Among Today's Top Shorts The Dow Jones gained 94 points, or 0.4%, the S&P 500 added 0.2%, and the Nasdaq rose 0.1%. Find opportunities with today's best short plays from Q.ai's deep learning algorithms.
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Meet Haris Khurshid: 29-Year-Old Entrepreneur Who Launched A Fund To Help Millennials Invest Better Story of how Haris Khurshid has launched a fund to help Millennials invest better.
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WorkJam, a platform used by companies such as Kroger and Shell to engage with frontline workers, has raised $35 million.
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Film Chronicles Special Friendship Between Paralympian David Brown and His Guide Ahead of the Tokyo Paralympics, Swiss sportswear brand On tells a moving story of trust, friendship and resilience in a film spotlighting the world's fastest blind sprinter and his running guide. Untethered follows Paral...
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Tencent's Pony Ma Loses $3 Billion After State Media Calls Online Games 'Spiritual Opium' Chinese internet tycoon Ma Huateng, also known as Pony Ma, lost $3.2 billion in one day after state media lambasted online games in an unusually harsh editorial, fueling fears that his gaming giant Tencent and others cou...
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The U.S. Is Losing The Legal War Against China China, Russia and others have been employing a sophisticated version of legal warfare, or 'lawfare,' against the U.S., while Washington has largely ceded the legal battlefield. Here's what the U.S. can do to change that.
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Sanofi Snaps Up mRNA Specialist for $3.2 Billion

Wall Street Journal - 3 Aug 2021 09:39
Sanofi Snaps Up mRNA Specialist for $3.2 Billion French healthcare company Sanofi agreed to acquire Translate Bio, a big vote of confidence that the new technology underpinning two successful Covid-19 vaccines holds promise beyond the pandemic.
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Tencent Plummets as China Takes Aim at Online Videogames

Wall Street Journal - 3 Aug 2021 05:40
Shares of Tencent and rivals suffered double-digit drops Tuesday after Chinese state media called online gaming "opium for the mind," fueling investor concerns of a regulatory crackdown.
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Bank of America Sees Benefits in Adopting Bitcoin as Legal Tender in El Salvador Bank of America has outlined some benefits to be had from adopting bitcoin as legal tender in El Salvador. The opportunities include low-cost remittances, financial digitization, more choices, and greater investments fro...
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McDonald's to require masks for customers, staff in high transmission areas McDonald's is requiring all customers and staff to wear masks again in US locations with high or substantial COVID-19 transmission, the company said Monday.
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Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply wi...
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Resolve and Zeiss partner on the spatial biology tools that help scientists and doctors peer inside the inner workings of cells.
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TikTok to Convert Creator Accounts to Personal Accounts TikTok is getting rid of creator accounts and instead making its creator tools available to personal accounts. The video creation platform said in an email to creators that a new Creator Tools section in personal account...
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Tyson Foods mandates vaccines for its U.S. work force.

The New York Times - 3 Aug 2021 16:03
More than 56,000 of Tyson's 120,000 employees have been vaccinated. Frontline workers have until Nov. 1 to be fully inoculated.
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Blizzard President J. Allen Brack Steps Down After Workplace Protests The video game studio's parent company, Activision Blizzard, has been accused of fostering a "frat boy workplace culture."
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Facebook Acquisition Review Shows EU's New Antitrust Power

Wall Street Journal - 3 Aug 2021 15:53
Facebook Acquisition Review Shows EU's New Antitrust Power The company has hit a new obstacle in Europe for its planned takeover of a New York-based startup, showing how antitrust muscle-flexing is increasingly affecting deals an ocean away.
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Tyson Foods Mandates Vaccines for Its U.S. Work Force

The New York Times - 3 Aug 2021 15:51
Tyson Foods Mandates Vaccines for Its U.S. Work Force More than 56,000 of Tyson's 120,000 employees have been vaccinated. Frontline workers have until Nov. 1 to be fully inoculated.
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NFT Sector Far from Dead or Even Resting, Exploding Across the Board A fragment of Financial Freedom - Chapter 2 by Buddyart00. Despite what may have been presumed, non-fungible token (NFT) activity is far from dead, and actually seems to be picking up speed - with rich investors, or whal...
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Marriott Posts Quarterly Gains, Sees Business Travel Picking Up in the Fall The hotel chain expects demand for business and group stays to rise in the fall as it anticipates more workers returning to offices on a hybrid basis.
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Q2 Earnings: Exxon, Shell And BP Are Still Oil Companies Big Oil companies and others are under tremendous pressure to not just talk about getting to net zero by 2050 or 2040 or whatever distant year they pick, but to make significant investments and take concrete steps along ...
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Facing Severe Droughts, Developers Seek to Reuse the Water They Have Water recycling in office buildings is seen as a promising sustainability effort, as well as a smart hedge against rising costs and future shortages.
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As Housing Prices Rise, So Will The Temptation To Impose Controls Maybe we'll avoid the temptation of price controls for housing and other rising costs, but if the past is any indicator will see them in the next year for housing.
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