Biogen is slashing the price of its Alzheimer's treatment in half months. The drug debuted to widespread criticism for an initial cost that could reach $56,000 annually. The company will cut the wholesale acquisition cost of the drug by about 50% next month.
Meta shareholders are pushing the Facebook and Instagram parent company to take a harder line against “harmful content’ on its site. A group of shareholders slammed Meta in a letter made public on Monday, criticizing the company for profiting from unsavory posts. The mounting shareholder pressure comes as Meta faces outrage over damning reports about its products’ effects on teen mental health.
Venture capital funds poured a record $30 billion into crypto investments in 2021. That's nearly four-times the 2018 record of about $8 billion, Bloomberg reported. Much of that fundraising came from US venture capital, the report said. The number is in part thanks to investors funding "anything and everything"
Official Spanish-language Prime Video channel was suspended on Sunday. No public reason given for suspension, but it followed a segment on talk show Esto es un Late. Host Henar Alvarez lifted up her shirt partway, apparently joking that it was one way to end the hours-long broadcast.
Oracle announced it was buying electronic healthcare records company Cerner in a deal valued at $28.3 billion. With this deal, Oracle moves in a major way into the healthcare vertical, a growing market. It should help bolster Oracle’s fledgling cloud infrastructure business, which is languishing in the single digits.
Meta is taking legal action against bad actors who allegedly impersonated Facebook, Messenger, WhatsApp, and Instagram to conduct a phishing scam. The company claims that since 2019, the defendants created over 39,000 websites in an attempt to replicate Meta’s services.
Elon Musk's SpaceX is leading the private spaceflight industry. Jeff Bezos' Blue Origin and Sir Richard Branson's Virgin Galactic are also in the game. In 2021, the heads of these private companies will finally make good on their promises to the public. The goal is to launch civilians, astronauts and, in two cases, themselves into the uppermost reaches of Earth’s atmosphere.
SenseTime has kept its target of selling 1.5 billion shares in the initial public offering. The final price is due to be announced on Thursday. The planned listing was postponed last week after the US Treasury Department placed SenseTime on a list of "Chinese military-industrial complex companies"SenseTime denies the allegations.