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Alphabet, the parent company of Google, has petitioned a judge in the United States to dismiss a case brought forth by American authorities. The accusation revolves around Alphabet’s alleged monopolization of the online advertising market, with the tech giant arguing that the prosecution lacks substantial evidence. Commencing last year, the lawsuit focuses on Google’s ability to command exceptionally high margins for online advertisements. Additionally, it is claimed that…
In a display of their formidable financial strength and resilience, the first quarter of this year witnessed Meta, Alphabet, and Microsoft soaring to unprecedented levels of profitability, solidifying their positions as leading forces in the tech industry. Each company reported staggering profits, showcasing their ability to navigate complex market dynamics and capitalize on emerging opportunities. Meta, the parent company of Facebook, led the charge with an astounding net…
British pharmaceutical company GlaxoSmithKline (GSK) has filed a lawsuit against biotech firm BioNTech and pharmaceutical company Pfizer in the United States. GSK alleges that the two companies infringed on patents related to mRNA technology, which was used in the development of COVID-19 vaccines. The patents in question are GSK’s rights to technological innovations developed “more than ten years” before the COVID-19 pandemic, according to the British company. GSK…
The amount of wine consumed internationally reached its lowest level in 27 years in 2023, according to the International Organisation of Vine and Wine (OIV). The organisation attributes this decline to the increased price of wine. Based in Paris, the OIV estimates that 221 million hectoliters of wine were consumed last year, which is 2.6 percent less than in 2022. A hectoliter is 100 liters, roughly equivalent to…
In a significant development in the world of cryptocurrency, American prosecutors are advocating for a three-year prison sentence for Changpeng Zhao, the renowned founder of Binance, widely recognized as the largest digital currency trading platform globally. Zhao, often referred to by his nickname ‘CZ’, has long been a prominent figure in the crypto industry. The charges against Zhao stem from alleged violations of anti-money laundering regulations. Prosecutors assert…
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