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Woodside Energy Completes $1.2 Billion Acquisition of Tellurian, Rebrands Driftwood LNG Project

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for $1.2 billion on Wednesday. Woodside rebranded the Driftwood LNG venture as Woodside Louisiana LNG last week after Tellurian shareholders approved the transaction. The business wants the actual investment decision FID ready for the purchased project by the first quarter of 2025. The project may strengthen the United States position as the worlds largest producer of LNG, with a total approved capacity of 27.6 million tonnes annually. Since Tellurian has been looking for partners to fund the LNG project, the acquisition is anticipated to ease its financial difficulties. Read More..

B2B Tech News | 2 months ago        

AstraZeneca Enters $1.92 Billion Licensing Deal with CSPC to Boost Cardiovascular Pipeline

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Gro

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Group Ltd 1093.HK. $100 million in upfront payment, milestone, and royalty payments are all part of the agreement. With patients with elevated "bad cholesterol" levels in mind, CSPC will create a new small molecule Lipoprotein a disruptor. Access to YS2302018, an oral disruptor designed as a lipidlowering treatment, CSPCs preclinical candidate, will be granted to AstraZeneca. The oral small molecule PCSK9 inhibitor AZD0780 from AstraZeneca, intended for individuals with dyslipidaemia that statins cannot effectively treat may be administered in conjunction with this asset to address significant risk factors for chronic cardiovascular illnesses. Read More..

B2B Tech News | 2 months ago        

Berkshire Hathaway Cuts Bank of America Stake, Netting Over $10 Billion Amid Economic Uncertainty

Under Warren Buffetts leadership, Berkshire Hathaway has sold off nearly $10 billion in Bank of America BofA shares, drastically lowering its holding

Under Warren Buffetts leadership, Berkshire Hathaway has sold off nearly $10 billion in Bank of America BofA shares, drastically lowering its holding in the latter company. Amidst concerns about a possible U.S. recession and a challenging future for the banking industry, Buffetts shares have decreased from 13.1% worth around $45 billion to 10.1%, which has alarmed other shareholders. While rivals like JPMorgan Chase have had modest increases, BofAs stock has decreased by about 7% since the original sale. According to analysts, if Buffetts divestment continues, BofAs shares may face more pressure. CEO Brian Moynihan has commended Buffetts contribution to the banks revival since 2011, even if his latest sales are credited with stabilising BofA. Read More..

B2B Tech News | 2 months ago        

Nissan Motor Invests in ChargeScape to Enhance EV Charging Services in North America

To improve services for its electric vehicle EV drivers in the United States and Canada, Nissan Motor of Japan said on Monday that it will invest an u

To improve services for its electric vehicle EV drivers in the United States and Canada, Nissan Motor of Japan said on Monday that it will invest an undisclosed sum in ChargeScape. This business specialises in battery charging technology. After the transaction, Nissan will become a 25% shareholder in ChargeScape, becoming equal investors with BMW, Ford, and Honda. ChargeScape, which competes with more recent arrivals like BP Pulse and ChargePoint and more established businesses like Tesla, focuses on optimising EV battery charging. With the ability to delay charging during periods of high demand in exchange for cash incentives and eventually sell energy back to the power grid, this investment aligns with Nissans aim to adopt bidirectional charging technology. Read More..

B2B Tech News | 2 months ago        

Italy Explores Enhancements to Digital Services Tax Amid Caution Over U.S. Retaliation

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because man

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because many impacted IT companies have US headquarters. Targeting companies like Meta, Google, and Amazon, the current tax brings in about €400 million $439 million annually. Among these talks is the meeting between Italian Prime Minister Giorgia Meloni and U.S. Commerce Secretary Gina Raimondo. Due to postponed international agreements, the 3% tax that was supposed to be imposed on digital enterprises with considerable local sales has been delayed since its introduction in 2019. While aiming to increase its budget deficit to 3.3% of GDP to finance stimulus measures, Italy also intends to correct tax inefficiencies. Read More..

B2B Tech News | 2 months ago        

Super Micro Computer Reports Shipping Over 100,000 GPUs Per Quarter Amid AI Boom

Super Micro Computer announced that it would sell over 100,000 graphics processors every quarter and introduced new liquid cooling technologies, raisi

Super Micro Computer announced that it would sell over 100,000 graphics processors every quarter and introduced new liquid cooling technologies, raising company shares by 14% following a previous dip. Super Micro, wellknown for its servers fitted with Nvidia chips, has profited from the surge in hardware demand brought on by the generative AI boom. The business installed these GPUs with liquid cooling systems for large AI factories, increasing productivity and reducing energy use. Super Micros shares have increased by 66% this year despite previous difficulties, such as interest from short sellers. Super Micros competitive advantage in the expanding AI industry is reinforced by the inventive cooling techniques noteworthy power savings and increased GPU density. Read More..

B2B Tech News | 2 months ago        

Chevron Divests $6.5 Billion Canadian Assets to Canadian Natural Resources in Strategic Move

Chevron is selling its holdings in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources for $6.5 billion as part of its

Chevron is selling its holdings in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources for $6.5 billion as part of its divestment plan targeted at raising $10 billion to $15 billion by 2028. Anticipated to conclude by December 6, the allcash deal fortifies Chevrons financial standing during its continuous rivalry with Exxon, especially in light of Exxons $53 billion offer for Hess. In 2023, Chevrons Canadian properties produced 84,000 barrels of oil equivalent per day boepd. After the acquisition, Canadian Natural would own 90% of the Athabasca project. It aims to invest $400 million next year and boost dividends by 7%, with an expected 122,500 boepd rise in output by 2025. Read More..

B2B Tech News | 2 months ago        

Andrew Ngs AI Fund Makes First India Investment in Healthcare Startup Jivi

The Gurugrambased healthcare business Jivi is the first venture Andrew Ngs AI Fund has backed in India. Jivi is an artificial intelligence platform th

The Gurugrambased healthcare business Jivi is the first venture Andrew Ngs AI Fund has backed in India. Jivi is an artificial intelligence platform that helps with administrative work, health report generation, diagnosis, and therapy suggestions. The amount invested and the stake that was obtained were not made public. This is happening at a time when it is anticipated that Indias AI market will more than quadruple, reaching $22 billion by 2027, with a large share coming from goods and companies. Sequoia Capital and Softbank Groupbacked AI Fund have made prior investments in platforms such as Podcastle and Octagon AI. Earlier this year, Ng—renowned for his leadership positions at Google and Baidu—joined the board of Amazon. Read More..

B2B Tech News | 2 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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