GSK makes headway with two cancer drugs after double-barrelled setback last month BIG PHARMA GlaxoSmithKline (GSK) is making “significant” headway with two of its cancer drugs, following a double-barrelled setback in its oncology efforts last month. The British pharmaceutical giant’s bone marrow cancer treatment Momelotinib this morning received marketing approval from the European Medicines Agency, following an application to the FDA in the US in August. If approved by [...]
Macron on Musk: EU officials raise concerns over Twitter twitter concerns Top European officials have warned Elon Musk to play by its rules as concerns around hate speech and disinformation amplify. EU commissioner for digital policy Thierry Breton told the new social media owner that he would need to boost efforts to protect users. The bloc recently introduced the Digital Services Act, which is due to come into force next year and aims [...]
Google appeals record £3.5bn EU anti-trust penalty android woes Google has filed an appeal with the EU’s top court this afternoon over a record €4.13bn (£3.5bn) fine. The tech giant said it will be challenging the commission’s largest ever anti-trust penalty handed down in 2018 that took aim at its Android operating system, suggesting that it restricted mobile competition and consumer choice. In the [...]
Foxconn boosts efforts to lure in staff as iPhone supply concerns mount December 1, 2022 Apple’s iPhone supplier Foxconn has boosted efforts to lure new employees as unrest continues in the crucial Zhengzhou region. Foxconn is now offering a 1000 yuan award (£117) to any employee that successfully refers a friend or family member to work at the plant. This new employee will need to work at the company for [...]
Alexa, cut jobs: Amazon targets hardware teams in first culls December 1, 2022 Amazon has started to cut its key hardware teams as the e-commerce giant is forced to slim down operations. Sources told the Financial Times that staff working on the Alexa voice assistant, Kindle ereader and Halo health tracking device are amongst the first to be hit by mass layoffs at the company. It comes after reports [...]
Elon Musk’s brain chip company to start trials in humans in next six months December 1, 2022 Elon Musk’s ambitious brain chip company Neuralink is hoping to begin human trials in the next six months. Neuralink had initially planned to start trials in human brains later this year, but Musk announced today that that plan has been pushed back into 2023. “We are now confident that the Neuralink device is ready for [...]
Citi and Morgan Stanley cut price targets for GSK following weeks of setbacks December 1, 2022 GlaxoSmithKline (GSK) has rattled the faith of two of the world’s biggest banks, which cut their share price forecasts for the British pharmaceutical giant this week. The London-listed pharma firm faced a double-barrelled setback to its oncology efforts in November, which has put banks and investors on more cautious footing. Citigroup earlier today slashed [...]
Elon Musk’s Starlink satellite connection to be trialled in UK after bagging licences December 1, 2022 Elon Musk’s Starlink technology is to be trialled in the UK, in a bit to boost connection in rural areas. The web-linked satellites will be deployed to provide connectivity to a few isolated sites, including a 12th-century abbey in the North York Moors National Park and rescue operations in the Lake District and Snowdonia National [...]
Google sued by 130,000 firms over ad dominance November 30, 2022 Google has been sued in a claim by 130,000 firms that argue its advertising strategy has cost them billions of pounds in lost revenues. The competition claim valued at up to £13.6bn at the Competition Appeal Tribunal accuses Google and its parent firm Alphabet of abusing its dominant position in online advertising and “earning super-profits [...]
Govt strengthens cybersecurity laws for public services November 30, 2022 The government said it will strengthen its cybersecurity laws to better protect essential services like water, energy and transport, from online attacks. In response to a public consultation earlier this year, the government has confirmed the Network and Information Systems (NIS) Regulations will be strengthened to protect essential and digital services against increasingly sophisticated and frequent cyber attacks both now [...]