Benzinga
Microsoft's $69B Activision Blizzard Acquisition Gets Green Light From UK Antitrust Regulator
- The Competition and Markets Authority (CMA) in Britain has approved the proposed $69 billion acquisition of Activision Blizzard Inc (NASDAQ: ATVI) by Microsoft Corporation (NASDAQ: MSFT).
- This approval comes after Microsoft made concessions to allay competition fears.
- Microsoft has secured the approval after agreeing to sell Activision's game streaming rights, including the popular "Call of Duty," to Ubisoft Entertainment.
Google Search Gets Generative AI Boost: You Can Now Generate Images Just Like Bing
- In an innovative move, Google is trialing generative AI functionalities for its search tool, aiming to allow users to generate images and write drafts straight from the search engine.
- Alphabet Inc.'s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google announced on Thursday that it is exploring new avenues to boost its search engine's utility. The tech giant's users could soon create an image or draft a write-up using generative AI.
- Cassava Sciences Inc (NASDAQ: SAVA), the Alzheimer-focused firm, is facing further controversy as a recent investigation by the City University of New York (CUNY) has implicated neuroscientist Hoau-Yan Wang, a long-time collaborator of Cassava, in scientific misconduct related to 20 research papers.
- The CUNY investigative committee uncovered several instances of improperly manipulated images, particularly in a 2012 publication in The Journal of Neuroscience, which suggested that simufilam could mitigate the pathological effects of beta-amyloid, a protein associated with Alzheimer's disease.
Ford Reaches Threshold Of Concessions In UAW Negotiations: Death Cross Emerges On Stock Chart
- Ford Motor Company (NYSE: F) is reportedly struggling with contract negotiations with the United Auto Workers (UAW) union, hinting that it may have hit its maximum limit for financial concessions.
- Ford's shares experienced a 2% drop on Thursday, bringing an end to a four-day streak of gains. The previous day, the stock reached a peak of $12.39 per share but fell short of surpassing the 55-day moving average. This moving average has proven to be a formidable resistance level since late July.
EHang Shares Are Trading Higher On Certificate For EH216-S Passenger-carrying UAV System
- EHang Holdings (NASDAQ: EH) shares are trading higher after the company obtained a type certificate for the EH216-S passenger-carrying UAV system issued by the Civil Aviation Administration of China.
- The EH216-S is an innovation with ...