Companies
LifeLock expands scam protection tools, refreshes brand amid rising phishing threats
Identity protection firm introduces real-time scam verification, card exposure controls and a consumer-focused interface redesign. New features arrive as phishing attacks surge globally.
Aurinia settles patent litigation with Teva over lupus drug generic
Teva to launch generic voclosporin no earlier than December 2036 under settlement resolving U.S. patent dispute. Aurinia’s patents valid until December 2037.
Hyve Solutions opens two Nevada manufacturing campuses with 3,000 jobs
Hyve Solutions, a unit of TD SYNNEX, launches a 624,000-square-foot campus in Reno and a second facility in North Las Vegas to expand AI and digital infrastructure production. The projects will create roughly 3,000 jobs with above-average compensation.
Abbott to pay $670 mln to settle infant formula lawsuits
Settlement resolves claims from 2,000 preterm infant cases tied to specialty formulas. Mead Johnson also named in litigation over necrotizing enterocolitis allegations.
Royal Caribbean raises $1.25 bln via bond offering at 5.55%
Cruise line issues senior unsecured notes maturing in 2034 to refinance existing debt. Proceeds will cover term loan repayments and other obligations.
Trump nominates Missouri, North Dakota federal judges
President nominates Jesus Osete for Missouri district court and Philip Axt for North Dakota seat. Senate confirmation outlook remains uncertain ahead of midterms.
CPPIB reports senior departures across multiple investment divisions
Canada Pension Plan Investment Board confirms exits in risk, credit, real assets and sustainable energy units amid routine staffing adjustments. Assets under management total C$863.6 billion.
Switzerland, China conclude trade deal to boost Swiss exports
Nearly all Swiss goods will enter China tariff-free under modernized pact, eliminating longstanding imbalance in bilateral trade terms.
Argentum AI expands global AI Factory platform, hires leadership to scale GPU infrastructure
Company doubles down on physical AI compute infrastructure, adding senior roles to manage GPU clusters and power capacity measured in hundreds of megawatts. Platform now supports workloads in the thousands of GPUs.
Amazon expands drone delivery to 500 U.S. locales by year-end
Drone service will reach about 500 U.S. cities and towns from 11 existing hubs, with deliveries priced at $4.99 and waived for orders over $50. Regulatory and community concerns remain.
Abbott settles $495 million infant formula appeal
Pharma giant Abbott Laboratories resolves appeal of a Missouri court verdict tied to claims its formula caused a severe infant bowel condition, terms undisclosed.
U.S. health officials investigate multistate Salmonella javiana outbreak linked to jalapenos
CDC and FDA probe 431 cases across 32 states, with no deaths reported. Contaminated peppers traced to Mexico, prompting recalls by Coast Citrus and Taylor Farms.
Instacart expands delivery marketplace with Foot Locker partnership
Over 1,000 Foot Locker, Kids Foot Locker and Champs Sports stores join Instacart’s platform for same-day delivery. Promotional discounts offered through Aug. 24.
Universal Music Group to manage Beatles merchandise globally
Apple Corps and UMG form a licensing and e-commerce partnership for The Beatles' branded products, expanding UMG's stewardship of the band's intellectual property.
U.S. employer healthcare costs seen rising 9.5% in 2027: Aon
Projected increase would mark the fourth consecutive year of near double-digit growth, with average costs exceeding $19,000 per employee. Rising drug spending and chronic condition prevalence cited as key drivers.
Freightos targets Q4 breakeven as revenue hits record $7.7M in Q2 2026
Freightos reported Q2 revenue growth of 90% YoY, narrowing adjusted EBITDA loss to $2M, as the freight platform accelerates toward profitability targets by Q4 2026.
Canada, U.S. trade negotiators meet as tariff deadline approaches
Top officials from Ottawa and Washington convened for a second day of talks to avert a looming 50% tariff on $20 billion of Canadian goods. A deal on vehicles, steel and aluminum appears within reach.
Polyrizon secures all clinical sites for NASARIX allergy study
Israeli biotech finalizes agreements with five trial locations for its first-in-human NASARIX Allergy Blocker study, targeting 120 patients. The phase is a key step toward regulatory submissions.
Nexxen standardizes smart TV home screen ad formats for OEMs
Nexxen International rolls out uniform ad specifications for smart TV home screens, enabling programmatic buys across Vizio, TCL and TiVo Ads. Demand-side platforms including The Trade Desk and Google DV360 to integrate the unified inventory.
AI bots waste millions of hours of scammers' time, firms say
Australian startup Apate deploys nearly 200,000 AI personas to engage fraudsters, extracting intelligence for banks and telcos while disrupting illicit operations.
U.S. salmonella cases linked to Mexican jalapenos rise to 431: CDC
Infections spread across 32 states as health officials trace the outbreak to jalapeno peppers from Mexico. No fatalities reported among 57 hospitalizations.
HOOPP names interim private equity heads after senior exit
Mark Cormier and Roman Gula appointed as acting co-heads following departure of global private equity head Lori Hall-Kimm. Private equity assets under management rise to C$24.2 billion.
Standard Chartered, HSBC complete first live cross-border transaction on Swift’s blockchain ledger
Banks use Swift’s new blockchain-based platform to settle obligations via tokenized deposits, marking a step toward 24/7 interbank payments while maintaining existing compliance controls.
M&G appoints Daiichi Life executive as non-executive director
Hitoshi Yamaguchi joins M&G’s board as part of a strategic partnership with Daiichi Life Group. The appointment strengthens ties between the insurers and takes effect in September 2026.