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BHP Group Shares Surge Amid Speculation Over Anglo American Takeover Bid

Ahead of the deadline to formally submit a proposal for Anglo American, which recently rejected a $43 billion buyout offer, shares of BHP Group shot u

Ahead of the deadline to formally submit a proposal for Anglo American, which recently rejected a $43 billion buyout offer, shares of BHP Group shot up to a threemonth high. Analysts credit positive market factors, such as Chinas stimulus package for real estate and recordhigh copper prices, for BHPs stock surge. However, they express scepticism over BHPs possibility of pursuing a second proposal, given Anglos lacklustre reaction. By UK takeover regulations, BHP must either make a legally binding bid for Anglo by this Wednesday or wait six months. BHP refrained from commenting, although Anglo has turned down two prior offers in favour of concentrating on copper holdings and selling off other companies. The likelihood of competing bids or Anglo selling assets increases with the length of the purchase process. Read More..

B2B Tech News | 2 months ago        

Sanofi Teams Up with OpenAI and Formation Bio to Revolutionize Drug Development

Sanofi has partnered with Formation Bio and OpenAI to use artificial intelligence AI to improve its drug development efforts. Sanofi hopes to use Open

Sanofi has partnered with Formation Bio and OpenAI to use artificial intelligence AI to improve its drug development efforts. Sanofi hopes to use OpenAIs private data in this partnership to create AI models specifically for its biopharma initiatives, while Formation Bio will provide more technical resources. This action highlights a more significant trend in which big pharmaceutical corporations use AI to identify patients more quickly or lower the sample size needed for clinical trials, speeding up the medication development process and saving significant money. Read More..

B2B Tech News | 2 months ago        

UN Report Global Economy Sees Brighter Outlook, With Growth Forecast Raised

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlo

In contrast to its January prognosis, the United Nations mid2024 report shows a better picture of the world economy. The research shows improved outlooks for the US and several significant emerging economies, including Russia, Brazil, and India. The prior estimate of 2.4% for global economic growth in 2024 has been revised to 2.7%, while the estimate for 2025 has been increased to 2.8%. The research also highlights problems faced by the worlds poorest countries and tiny island governments, including rising interest rates, problems paying off debt, geopolitical unrest, and climatic hazards. Persistent inflation over the 2% target in many wealthy nations indicates underlying economic instability, even though inflation has declined from its high in 2023. Concerns persist for Africa, with economic growth projected at 3.3%, lower than earlier forecasts, attributed to weak prospects in critical economies, debt distress, and high inflation rates. Read More..

B2B Tech News | 2 months ago        

EU Launches Investigations Into Alleged Unfair Trade Practices by Chinese Manufacturers

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquirie

The European Union has opened multiple investigations into possible unfair trade practices by Chinese businesses in several industries. These inquiries include antidumping inquiries into wood flooring imports, flatrolled steel goods coated with tin, and Chinese public medical equipment purchases. Furthermore, the EU closely examines subsidies that Chinese wind turbine suppliers have received, Chinese bidders involvement in a Romanian solar park contest, and possible excessive subsidies supporting Chinese electric vehicle exports to the EU market. These initiatives seek to stop unfair competition and market distortion, and if unethical behaviour is discovered, they may include sanctions or temporary tariffs on Chinese businesses. Read More..

B2B Tech News | 2 months ago        

DXC Technology Plummets 18% as Restructuring Plan and Weak Forecasts Rattle Investors

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares

Following the release of a new restructuring plan and lowerthanexpected revenue and profit projections for the fiscal year 2025, DXC Technology shares fell by 18% on Friday. DXC still needs help switching from traditional IT outsourcing services to cloudbased solutions, even after previous attempts at transformation and leadership changes. An extra $250 million is anticipated to be spent on the most recent restructuring initiatives, which seek to decrease surplus capacity in legacy operations and streamline the firm, in the fiscal year 2025. This action and an anticipated drop in free cash flow have made analysts doubt DXCs capacity to turn around its company. Due to the companys declining stock value, several analysts have lowered their target prices. Read More..

B2B Tech News | 2 months ago        

TV Upfronts in NYC Spotlight Ad Tech and AI Over Traditional Advertising

This week, a move away from traditional TV advertising was evident in New York Citys television upfront presentations, where ad tech and artificial in

This week, a move away from traditional TV advertising was evident in New York Citys television upfront presentations, where ad tech and artificial intelligence took centre stage. The emphasis was on cuttingedge ad formats and the growing reach of streaming platforms, even as superstars like Alicia Keys and Kevin Hart provided entertainment. Warner Bros Discovery promoted shoppable advertisements, YouTube offered AIpowered nonskippable ads, and Netflix debuted inhouse ad technology. With its first presentation, Amazon created quite a stir by highlighting Prime Videos enormous library of streaming content and worldwide user base. In light of the industrys shift to streaming, Disneys CEO underlined the timeless value of narrative, consistent with a broader trend in media consumption and advertising tactics towards digital platforms. Read More..

B2B Tech News | 2 months ago        

Reddits Shares Surge 13% on OpenAI Partnership News

Reddits stock RDDT.N jumped 13% on Friday on announcing a partnership with OpenAI, which is expected to increase the platforms advertising income. The

Reddits stock RDDT.N jumped 13% on Friday on announcing a partnership with OpenAI, which is expected to increase the platforms advertising income. The stocks recent gain has brought it closer to its record closing price of $65.11 in late March, with a possible increase in market value of $1.2 billion. Through the partnership, Reddit can leverage OpenAIs technology to create tools and features, allowing Reddits content to be instantly integrated into OpenAIs ChatGPT platform. Reddit will also have OpenAI as an advertising partner estimates show that OpenAI might make between $50 million and $60 million a year. The alliance supports Reddits pledge to take advantage of AI prospects during its first public offering. OpenAI has gotten content licensing agreements with extensive publications despite recent cases against it, demonstrating its expanding power. Read More..

B2B Tech News | 2 months ago        

China Launches AntiDumping Probe into POM Copolymers from EU, US, Japan, and Taiwan

The European Union, the United States, Japan, Taiwan, and POM copolymers—a kind of engineering plastic—are the subject of an antidumping probe lau

The European Union, the United States, Japan, Taiwan, and POM copolymers—a kind of engineering plastic—are the subject of an antidumping probe launched by Chinas trade ministry. These polymers are used in many industries, including electronics, medical equipment, and vehicle components, and they can partially replace metals like copper and zinc. Although a year is anticipated for the investigations conclusion, it may need to be prolonged for an extra six months. The European Commission has replied cautiously, stressing the need to adhere to WTO regulations and adding that it will carefully review the investigations facts before deciding on additional steps. Chinas action coincides with rising trade tensions with the US and Europe, as both regions have lately imposed tariffs and opened trade probes. 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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