Beginning January 1, 2022, Chinese authorities will allow complete foreign ownership of passenger car manufacturing in the country. The Ministry of Commerce and the National Development and Reform Commission, the country’s primary economic planning agency, issued a joint statement on Monday. The report was one of the government’s quarterly updates on industries that are off-limits…
Paxlovid, a COVID-19-fighting antiviral oral medication developed by Pfizer, received emergency approval from the Health Ministry on Sunday. Israel has negotiated a deal with Pfizer for the medicine, according to the government, and a shipment is anticipated to arrive in the coming days. The US Food and Drug Administration (FDA) granted emergency approval for the…
Taco Bell is rolling out a new menu item that fans may not be familiar with, and it’ll only be available for a week. For a limited time, the fast food chain will add crispy chicken wings to its US outlets starting January 6. Each order includes five bone-in wings covered in queso seasoning and…
As concerns about Omicron increase, Amazon, Facebook parent Meta, Twitter, and Pinterest said on Tuesday that they will not be sending teams to the Consumer Electronics Show (CES) in Las Vegas. In the past, CES, which serves as an annual exhibition of new technological trends and gadgets, drew over 180,000 visitors from all around the…
Today, Disney and YouTube TV announced a deal to bring back over a dozen Disney-owned channels to Google’s internet TV streaming service. The revelation comes after the two sides failed to reach an agreement before their contract ended on Friday, and customers were notified that they would lose access to ESPN, Disney, FX, and other…
According to Pfizer officials, Covid will become an endemic disease as early as 2024, meaning the virus would convert from a worldwide emergency to a persistent presence causing regional outbreaks around the world, similar to the flu. During a Friday investor call, Nanette Cocero, worldwide head of Pfizer Vaccines, said, “We believe Covid will transition…
Toyota is charging drivers for the convenience of starting their cars with their key fobs. Toyota cars from 2018 and newer will require a subscription in order for the key fob to allow remote start capability, according to a report from The Drive. When buying a new Toyota, as The Drive points out, buyers have…
Volkswagen Group revealed Thursday that more than half of its spending over the next five years will go toward electric vehicles and other high-tech initiatives. VW anticipates electric vehicles to account for 25% of its global sales by the end of 2026. Currently, electric vehicles represent for 5% to 6% of Volkswagen sales. VW would…
Italian antitrust officials fined Amazon 1.13 billion euros ($1.28 billion) on Thursday for abusing its market dominance. Amazon has injured competitors in the e-commerce logistics sector, according to the Autorità Garante della Concorrenza e del Mercato, or AGCM. It was decided that Amazon took advantage of its market dominance to induce vendors to sell on…
Roku shares rose 18% on Wednesday after the company announced that it had secured a multiyear deal with Google to maintain YouTube and YouTube TV on its streaming platform. With the agreement, the 56.4 million active Roku accounts will be able to continue watching YouTube and YouTube TV, Google’s livestreaming service, without interruption. On December…