Spotify Axes 17% Of Workforce In Third Round Of Layoffs This Year

Johnson & Johnson will acquire cancer-treatment developer Ambrx Biopharma in a $2 billion cash deal. The pharmaceutical giant said Monday that the deal to acquire all shares of Ambrx for $28 each was expected have a value of $1.9 billion net of estimated cash required. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved….

Both retailers beat expectations for the key festive period as overall food prices remain high.

The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices…

China has slapped export controls on graphite, a key mineral used to make steel and electric car batteries, ratcheting up a trade fight with the United States over the technologies needed to wean the world’s economy off planet-heating fossil fuels. The measures, announced Friday in a joint declaration from Beijing’s Ministry of Commerce and the…

Clearview AI, the facial recognition company that claims it’s scraped 3 billion images from the internet to power its face-matching system, has proposed applying its technology to everything from policing to retail to dating, according to a 2020 patent application that became public on Thursday. The patent filing was made in August — three months…

“It’s high time Mark Zuckerberg and Facebook take anti-Muslim hatred seriously and change how its policies are applied in Asia and across the world,” Heidi Beirich, executive vice president for strategy at the Global Project Against Hate and Extremism, one of the signatories of the letter, said in a statement. “The scandal in the Indian…