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[ad_1] When Johnson & Johnson, distributors, and a smaller group of states announced their offerings settlement in JulyThe companies said they wanted an undetermined majority of plaintiffs to sign to ensure the litigation ends. The Friday morning announcement marks at least 90 percent of governments that have met a sufficient threshold or are eligible to …
Continue reading “Companies End $26 Billion Deal with States and Cities”
[ad_1] WASHINGTON — The Department of Justice plans to file a lawsuit on Thursday by a subsidiary of UnitedHealth Group to block the $13 billion acquisition of a health tech company, two people familiar with the matter said, in the Biden administration’s latest move to put pressure on corporate consolidation. The agency plans to argue …
Continue reading “Justice Department Plans to Block UnitedHealth Group’s $13 Billion Deal”
[ad_1] As of Friday, New York had already received about $78.5 million in this tax; state budget office It is initially estimated to receive in the first three months of 2022. That estimate was recently increased to $108 million, and the state also expects to collect about $200 million in license fees from operators. “It’s …
Continue reading “NY Debut of Online Sports Betting: $2.4 Billion Bet in 5 Weeks”
[ad_1] WASHINGTON – The Justice Department said on Tuesday it has confiscated over $3.6 billion in stolen Bitcoin and arrested a married couple accused of laundering cryptocurrency stolen by hackers six years ago. The couple, 34-year-old Ilya Lichtenstein and 31-year-old Heather Morgan, were previously accused of conspiring to launder 119,754 Bitcoins stolen. stolen in 2016 …
Continue reading “Ministry of Justice Seizes $3.6 Billion in Bitcoin and Arrests Marrieds”
[ad_1] “We’ve been grappling with industry changes in the way advertising on iOS is targeted, optimized and measured, which has had a more significant impact on our business than we anticipated,” Snap’s chief operating officer Jeremi Gorman said in an analyst call in October. Still, the company’s revenue rose 57 percent year-on-year to $1,067 million, …
Continue reading “Meta Says Apple’s Privacy Changes Could Cost the Company $10 Billion”
[ad_1] Mark Zuckerberg says his company is going all in metaverse last year. On Wednesday, he showed how much he should spend for it. Meta, the company that Mr. Zuckerberg founded as Facebook, said its Reality Labs division, which produces virtual reality glasses, smart glasses and other products yet to be released, lost more than …
Continue reading “Meta Spends $10 Billion on Metaverse in 2021, Cuts Profits”
[ad_1] There’s a lot of uncertainty surrounding Google’s parent company Alphabet these days: a global pandemic, inflation fears plaguing the US economy, restless employees challenging management, and regulators and politicians seemingly determined to hurt them. But one thing hasn’t changed. Alphabet continues to make money. most of them. Alphabet on Tuesday hit $20.64 billion, up …
Continue reading “Alphabet’s profit rose 36 percent in the fourth month to $20.64 billion”
[ad_1] Apple has weathered the supply chain grunts that fueled the global electronics market and other industries at the end of 2021, announcing an 11 percent increase in revenue and a 20 percent profit increase in its most recent quarter on Thursday. Apple, the world’s most valuable public company, beat Wall Street analysts’ expectations, easing …
Continue reading “Apple’s profit jumped to $34.6 billion in the holiday quarter.”
[ad_1] In a defeat for the European Union’s tech antitrust efforts, a top court on Wednesday awarded a $1.2 billion fine against him. Intel on its applications to beat a competitor in the semiconductor industry more than a decade ago. Court aforementioned The European Commission, the 27-nation bloc’s main antitrust regulator, made significant mistakes about …
Continue reading “EU court awarded Intel $1.2 billion antitrust fine.”
[ad_1] Intel has selected Ohio for a new chip manufacturing complex that will cost at least $20 billion, accelerating its efforts as users to increase US computer chip production. grappling with an ongoing shortage is a vital component. A person with knowledge of the matter said the new site near Columbus, Intel, will initially have …
Continue reading “Intel to Invest At least $20 Billion in New Chip Factories in Ohio”
[ad_1] SEATTLE — Microsoft said Tuesday it plans to buy powerhouse but troubled video game company Activision Blizzard for around $70 billion, betting video games will become an increasingly central part of people’s digital lives. The biggest blockbuster acquisition ever for Microsoft and the gaming world would have catapulted the company into a leading spot …
Continue reading “Microsoft To Buy Activision Blizzard For About $70 Billion”
[ad_1] The transaction could be seen as a victory for Activision’s long-time CEO Bobby Kotick, and some critics have sought to dispel that controversy. Mr. Kotick negotiated a huge premium for investors – Microsoft is paying $95 per share, about 45 percent above his company’s share price before the announcement – and will continue to …
Continue reading “Microsoft To Buy Activision Blizzard For About $70 Billion”