Social media platform Reddit has completed its initial public offering (IPO), pricing its shares at the upper end of the market range, thereby achieving a valuation of $6.4 billion. This…
Category: Business
Commission Delays Head Selection for AI Office Pending AI Act Approval
The European Commission has deferred the selection process for the head of the AI Office until the formal adoption of the AI Act, anticipated in May. In the interim, policy…
Absence of National Regulators Hinders DSA Implementation
Despite the Digital Services Act (DSA) coming into effect for all online platforms since February, eight European Union member states have yet to appoint formal national regulators to oversee compliance…
Denmark Secures State-of-the-Art AI Supercomputer and Research Center
Denmark is poised to join the ranks of global leaders in artificial intelligence (AI) with the establishment of one of the world’s most powerful AI supercomputers, thanks to a partnership…
Parliament Proposes Extended Regulatory Safeguards for Pharmaceuticals
The committee on environment and public health has advocated for an extension of regulatory protection for pharmaceutical products, amplifying the European Commission’s proposed new pharmaceutical legislation by one-and-a-half years. Enhancing…
French Regulator Slaps Google with €250 Million Fine in News Publisher Dispute
France’s competition regulator delivers a blow to Google, imposing a hefty €250 million fine in connection with a longstanding disagreement over payments to French news publishers. Failure to Fulfill Commitments…
Resurrecting an $11 Billion Acquisition
The criminal trial in San Francisco federal court, set to begin on Monday, revisits Hewlett Packard’s (HP) ill-fated acquisition of UK software maker Autonomy over a decade ago. The trial…
Uber’s Settlement with Australian Taxi Drivers
Uber has reached a settlement agreement worth A$271.8m ($178.3m; £140m) to resolve a lawsuit filed in Australia by over 8,000 taxi and hire car owners and drivers. Maurice Blackburn Lawyers,…
Europe’s Crypto Revolution
Traditional banks globally face pressure to integrate digital assets like cryptocurrencies into their systems or risk becoming obsolete. Europe, spearheaded by Switzerland, is at the forefront of this financial evolution,…
Novo Nordisk’s Meteoric Rise Driven by Wegovy
Novo Nordisk, a Danish pharmaceutical giant, has witnessed an extraordinary surge in market value propelled by its groundbreaking weight-loss drug, Wegovy. This momentum has positioned the company as a standout…