Teva and AbbVie’s Allergan unit reached a $58 million settlement. The settlement comes just before the completion of a trial. Opioid-related health issues account for 25% of emergency room visits. Walgreens Boots Alliance has denied wrongdoing in the case. The trial was selected as a bellwether case against drug manufacturers. Teva Pharmaceutical Industries (TEVA.TA) and … Read more
Vedanta will conclude an area for its $20 billion semiconductor and show plants in India by mid-June and will have the first chip item prepared in quite a while, its Chairman Anil Agarwal said on Wednesday. Oil-to-metals combination Vedanta said in February it will broaden into chip fabricating and declared plans to frame a joint … Read more
BISHKEK: Kyrgyzstan is open to settling its differences with the Canadian investor that operated its giant Kumtor gold mine before the authorities took it over earlier this year, a top official said on Wednesday. Kyrgyzstan justified its May seizure of the mine, which accounted for 12.5 per cent of GDP in 2020, by citing company Centerra … Read more
KARACHI: Hascol is nearing the conclusion of debt settlement negotiations to settle the debt it has defaulted on, an official of the Hascol Petroleum Limited Company said on Tuesday. Hascol arranged the annual general meeting on Tuesday to discuss the ongoing talks with its banker to settle its debt. Hascol and its sponsors Vitol Dubai … Read more
NEW YORK: US Boeing shareholders have reached a $225 million out-of-court settlement with the aircraft manufacturer’s current and former directors in a 737 MAX aircraft safety negligence case, the Wall Street Journal reported on Thursday. Shareholders had accused Boeing board members and several executives, as well as current CEO David Calhoun of failing to ensure that control and … Read more
After a high-tension battle over royalty payment dues, the tech giants Apple and Qualcomm settled over a deal in 2019. This effectively wiped Intel out of the 5G smartphone modem business. And now, it looks like Qualcomm might also lose a big chunk of revenue in the future as Apple starts developing its own cellular modem. … Read more
U.S. special representative Zalmay Khalilzad visited Kabul for amelioration of talks and to end the war in Afghanistan. He met President Ashraf Ghani and discussed steps that could lead to a peace deal. According to a statement, Khalilzad will fly to Doha, where he will rejoin talks with Taliban negotiators to discuss steps that could … Read more
