The recent ruling by a U.S. court allowing scientific evidence to be presented in lawsuits related to the discontinued heartburn drug Zantac has sent shockwaves through the pharmaceutical industry. British pharmaceuticals giant GSK saw its shares plummet by 9% after the ruling, highlighting the potential financial implications for the company and others involved in the
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The recent successful landing of a Chinese spacecraft on the far side of the moon has sparked excitement and curiosity about what discoveries lie ahead. This mission, part of the Chang’e moon exploration program, aims to collect soil and rock samples to shed light on the differences between the far side and the more familiar
The concept of the “Internet of Bodies” (IOB) is rapidly evolving, bridging the gap between technological devices and the human body. According to academic and author Andrea M. Matwyshyn, the IOB refers to a network of human bodies that rely on internet and related technologies for their integrity and functionality. As we move forward, the
Over the past three years, Beijing has made significant strides in allowing robotaxis to operate closer to the heart of the city. This latest development involves the testing of robotaxis with human staff onboard along a 40-minute route between the Beijing South Railway Station and the suburb of Yizhuang. According to Ning Zhang, the vice
The annual Bilderberg Meeting is set to kick off in Madrid, Spain, with an elite list of participants from the business and political worlds. Among the attendees are the CEOs of artificial intelligence heavyweights such as Google DeepMind, Microsoft AI, Anthropic, and Mistral AI. This exclusive gathering will also include business executives like Citigroup CEO
Pinduoduo’s (PDD) strategic positioning as a value-for-money e-commerce platform combined with the rapid expansion of its Temu marketplace has solidified its position as China’s most valuable company in the e-commerce segment. This has been evident in the company’s recent first-quarter results, which showcased an impressive 109% increase in share value over the past year, surpassing
Gold prices have been making headlines recently, reaching record highs with spot gold hitting $2,449.89 per ounce. While the prices have dipped slightly, they are still trading near the peak, and analysts predict a further strengthening in the next year. The surge in gold prices can be attributed to various factors, including a weaker U.S.
The Asia-Pacific markets experienced a boost on Monday as China’s industrial profits surged during the first four months of the year. Official data revealed a 4.3% year-on-year increase in China’s industrial profits from January to April, according to the National Bureau of Statistics. This positive growth in profits contributed to a rise in the mainland
Morgan Stanley’s Asia equity analyst, Yang Liu, and a team have recently updated their forecasts for the U.S.-listed Chinese company, Tuya. According to their analysis, they have raised the price target on Tuya to $3.50, indicating a potential increase of more than 75%. This optimistic outlook comes after Tuya’s quarterly results were released, showing a
China recently conducted two days of war games around Taiwan, where it simulated attacks with bombers and practiced boarding ships. These exercises were condemned by Taiwan as a “blatant provocation”. The drills, known as “Joint Sword – 2024A”, were held in response to Taiwan’s new president’s inauguration speech, where he emphasized the independence of Taiwan