Markets

Romanhealth Contemplating to go Public via Merger with SPAC

Healthcare technology company Roman Health Ventures Inc. is contemplating going public, the operator of telehealth and online pharmacy business Ro is seeking to go public through merger with a Special Purpose Acquisition Company (SPAC). Ro began as an online pharmacy specializing on selling erectile dysfunction drugs to men. Currently, the company is now a fully […]

Walmart Will be Using Robots to Fill Online Orders in Some U.S Stores

U.S based multinational retail company Walmart Inc. (WMT) said it will be introducing small robots to some of its warehouses in the United States which will be helping in filling orders for pick-ups and deliveries. These robots will be working behind human personnel, they will be picking refrigerated and frozen foods. The robots will also […]

BlackBerry Doesn’t Know the Reason Behind its Stock Price Surge

Manufacturer of the famous BlackBerry smartphone BlackBerry Ltd (BB) says that it’s not aware of the reason why the price of its stock has been speeding up lately. Since the month started, the stock has attracted gains of over 150%. The Canada based company is also involved in providing intelligent security software and services to […]

Mercedes Benz Unveils Electric Compact SUV

Daimler AG (ETR) the parent company of leading automotive manufacturer Mercedes Benz has unveiled its own electric compact sport utility vehicle in efforts to compete with American electric car manufacturer Tesla Inc. (TSLA) which has been dominating electric car industry. The electric SUV will be going by the name EQA and Mercedes will launch the […]

Transport Will Never Revert to the Way it Was Before Pandemic Says Airbnb CEO

The Chief Executive Officer of Airbnb Inc. (ABNB) Brian Chesky is claiming that transport will never go back to the way it was exactly before the pandemic kicked in. Chesky believes people will now be spending more time touring smaller cities and visiting friends and family. The CEO is predicting that individuals will now prefer […]

Visa and Plaid Drops $5.3 Billion Merger Agreement Deal

Multinational financial services operator Visa Inc. (V) and financial software company Plaid have called off an earlier merger agreement deal worth $5.3 billion. The companies said a U.S government lawsuit intending to halt the merger deal citing antitrust issues is the main reason for termination of the deal. Back in November, U.S Justice Department made […]

Achronix to go Public Through a SPAC Merger Deal

Fabless semiconductor company Achronix Semiconductor Corp said it will be going public via merger with a Special Purpose Acquisition Company (SPAC) ACE Convergence Acquisition Corp in a $2.1 billion deal. Achronix says among its top reasons to go public is to diverge into new products and increase its growth rate. Due to some pending regulatory […]

Mondelez Set to Acquire Hu Master Holdings LLC.

Food, beverage and snack company Mondelez International Inc. (MDLZ) is looking forward to purchase provider of food catering services Hu Master Holdings LLC. According to Wall Street Journal, if the deal sails through it will leave Mondelez with a market value of over $250 million. Back in April 2019, Mondelez which is the manufacturer of […]

Google to Introduce Labels to its Apps on iOS

Google Play owner Alphabet Inc. (GOOGL) will be introducing app store privacy labels to its applications on the iOS operating system. This is expected to happen in the course of the week or latest next week. Under the new policy, developers will be required to reveal how users’ data is collected from App store and […]

Quibi Contemplating Selling Content Catalogue to Roku

Insider sources have leaked information that Quibi is engaging manufacturer of media players for video streaming Roku Inc. (ROKU) with intentions of selling its content catalogue to Roku as the company seeks to wind down its operations. Back in April last year, Quibi launched a short-form streaming platform that produced content for viewing on mobile […]