U.S. Regulators have asked a judge to block Microsoft from completing its $69 billion Call of Duty publisher Activision Blizzard purchase. The U.S. Federal Trade Commission said the deal, which would be the largest in the video game industry’s history, could substantially lessen competition in the sector. The move comes after the UK blocked the deal over concerns it would […]
The U.S. regulators have stepped in to shut down the operation of Silicon Valley Bank. The regulators sought to take control of the bank to protect customer deposits and prevent a collapse in the financial system, as happened in 2008 when the banking sector experienced its largest banking failure. The moves came as the firm, a key tech lender, was […]
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers about the danger of popular Peloton Tread+ exercise machine. This move comes against the backdrop of multiple incidents of small children and a pet being injured beneath the machines. The Commission has found that the public health and safety requires this notice to warn the public quickly of the hazard. […]
According to press reports, U.S. regulators have given full approval for the antiviral drug remdesivir to treat Covid-19 patients in hospitals. The U.S. Food and Drug Administration (FDA) said Veklury, the drug’s brand name, cut the recovery time on average by five days during clinical trials. “Veklury is the first treatment for Covid-19 to receive FDA approval,” the FDA said […]
