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What is the difference between Biotech and Pharma?

The merger between medicine and technology has been on the rise for quite some time, and exponential development in integrating the digital world with the medical one has grown on various frontiers. So, what is the difference between Biotech and Pharma? Biotechnology companies focus on producing medicine originated from living organisms, while pharmaceutical medications are […]

Uber Q3 loss widens on investment losses, revenue up 72%

Uber on Thursday posted a big rebound in third-quarter revenue thanks to riders and drivers returning from pandemic lockdowns, but its bottom-line loss was wider than Wall Street expected. The San Francisco-based ride-hailing company said its third-quarter loss widened to $2.42 billion, or $1.28 per share, from $1.1 billion, or 62 cents per share, in […]

Brazil's awaited 5G tender yields billions in investment

Brazil held its much-anticipated auction for build-out of the nation’s fifth-generation wireless network on Thursday, with the open question of whether China’s Huawei telecommunications company will be involved. The technology promises faster speeds, less lag when connecting to the network and the ability to connect more devices to the internet. But the ambitious auction also […]

UK becomes first country to approve oral pill treating COVID-19

The UK’s medical regulator approved on Thursday the first oral pill treating COVID-19 developed by U.S.-based pharmaceutical companies Merck, Sharp and Dohme, and Ridgeback Biotherapeutics, with the government ordering 480,000 courses due for delivery in November. The pill, called Molnupiravir, will be administered to those recently diagnosed with the virus twice a day. The pill […]

Pfizer says COVID-19 pill cut hospital, death risk by 90%

Pfizer Inc. said Friday that its experimental antiviral pill for COVID-19 cut rates of hospitalization and death by nearly 90% in high-risk adults, as the drugmaker joins the race to bring the first easy-to-use medication against the coronavirus to the U.S. market. Currently all COVID-19 treatments used in the U.S. require an IV or injection. […]

Former Google AI researcher to join FTC

In the growing battle between federal agencies and the Big Tech league, the Federal Trade Commission (FTC) will welcome former Google AI researcher Meredith Whittaker to its force as a senior advisor on artificial intelligence (AI). The researcher revealed on Wednesday on Twitter that it will redirect its career path towards the governmental entity. Whittaker […]

Japan game maker Nintendo sees no quick fix for chips crunch

The shortage in computer chips needed to make the Nintendo Switch machine is a serious problem unlikely to be resolved soon, the president of the Japanese video-game maker said Friday. “The extremely tight situation remains, and the future is uncertain,” Shuntaro Furukawa told reporters. Furukawa said the dearth of computer chips, which is affecting manufacturing […]

Airbnb reports $834 million 3Q profit as revenue soars

Airbnb said Thursday that it earned $834 million on record revenue in the third quarter as more people got vaccinated and went back to traveling. When companies closed offices in response to the COVID-19 pandemic, that freed some employees to work remotely using video technology, and Airbnb said the result was a huge jump in […]

EXPLAINER: Why are foreign tech firms pulling out of China?

Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China as a strict data privacy law specifying how companies collect and store data takes effect. […]