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Airbus plans to test a hydrogen engine on the A380 jumbo jet, which will take to the skies in 2026

By the middle of the decade, Airbus aims to test a hydrogen-powered engine on a modified A380, in the hopes of bringing lower-emission fuels to commercial air travel. The European aircraft giant announced Tuesday that it is working on a test plane with engine maker CFM International — a joint venture between General Electric’s aviation…

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Amazon and Visa has reached agreement to settle their global dispute over credit card fees

To resolve a dispute over Visa’s fees, Amazon and Visa have reached a global agreement. As a result of the agreement, Amazon customers in the United Kingdom can continue to use Visa credit cards, as the two businesses previously indicated. Amazon will also eliminate the 0.5 percent surcharge it imposed on Visa credit card transactions…

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Alaska Airlines has launched a West Coast travel subscription service

Flying Pass, the first-ever flight subscription for West Coast travel, has been launched by Alaska Airlines. Members of the Flight Pass have access to 100 daily flights between 16 West Coast cities. The pass is valid for round-trip travel inside California as well as nonstop service between California and Phoenix, Reno, and Las Vegas. Flight…

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Disney has appointed Mike White as the executive to lead metaverse strategy

Disney CEO Bob Chapek named an executive to oversee the company’s metaverse strategy on Tuesday. Mike White will be Disney’s senior vice president of “next generation storytelling,” according to a document seen by CNBC from Chapek. Prior to this, White oversaw Disney’s consumer experiences and platforms. According to his LinkedIn profile, White worked at Yahoo…

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Jio Platforms is investing $200 million in Google-backed Glance

Glance, which serves media content, news, and casual games on Android handsets’ lockscreens, has received a $200 million investment from Jio Platforms, the latest in a series of bets from Mukesh Ambani’s empire as it looks to expand its offering to more than 420 million telecom subscribers in the South Asian market. Jio Platforms’ parent…

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FDA approves a new monoclonal antibody for Covid-19 that works against the Omicron variant

The US Food and Drug Administration has approved a new monoclonal antibody treatment for Covid-19 that appears to act against the virus’s Omicron form. Monoclonal antibodies are lab-created proteins that mimic the immune system’s ability to fight diseases such as the coronavirus. Eli Lilly and Company’s Bebtelovimab is a monoclonal antibody administered via intravenous injection.…

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After a NASA mission fails mid-launch, Astra stock drops 26%

Astra’s stock dropped dramatically on Thursday after the company’s most recent mission failed to reach orbit. Astra’s stock dropped 26% to $3.91 per share at the close. A problem with the rocket mid-flight stopped it from delivering a set of four cube satellites to orbit on a NASA-funded mission, according to the company. “I’m deeply…

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