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April 9, 2018 12:23 PM China's Xiaomi tightens grip on India's smartphone market

Chinese tech giant Xiaomi already sells more smartphones in India than any other company. Now, it is tripling its manufacturing base in the country. Xiaomi is opening three new factories in India to make its hugely popular smartphones, the company announced Monday. It will also start manufacturing the devices at an existing plant that currently only makes 91

April 9, 2018 12:18 PM Novartis Bets $8.7 Billion on Gene-Therapy Company

The deal is a bet that at least one drug AveXis is developing to treat spinal muscular atrophy will become a blockbuster Novartis AG agreed to buy U.S.-based gene-therapy company AveXis Inc. for $8.7 billion, marking the first big bet by the Swiss pharmaceutical giant’s new chief as he looks to the deal table to refresh his drug-development pipeline 78

April 9, 2018 11:25 AM Swiss giant Novartis to buy US-based AveXis in $8.7B deal

Swiss giant Novartis to buy US-based AveXis in $8.7B deal Swiss pharmaceuticals giant Novartis says it has agreed to buy the U.S.-based gene therapy company AveXis Inc. for $8.7 billion, part of its goal to become a leader in the treatment of neurodegenerative diseases. The two companies say their respective boards have voted unanimously to approve the deal, to be paid for through 78

April 9, 2018 8:28 AM Xiaomi pushes for smartphone component suppliers to invest in India

MUMBAI (Reuters) - China’s Xiaomi said it wants its global smartphone component makers to set up base in India, in what is likely to bring as much as $2.5 billion of investment to the South Asian nation while also creating up to 50,000 jobs. Xiaomi’s push could boost Prime Minister’s Narendra Modi’s flagship ‘Make in India’ drive that is aimed at adding 87

April 9, 2018 4:00 AM Facebook to notify on Cambridge Analytica data misuse Monday

Facebook to notify on Cambridge Analytica data misuse Monday Facebook will begin alerting users whose private data may have been compromised in the Cambridge Analytica scandal starting Monday. All 2.2 billion Facebook users will receive a notice on their feeds titled "Protecting Your Information." It will have a link to information on which Facebook 72

April 8, 2018 12:47 PM Trump says China will take down trade barriers, deal on IP

WASHINGTON (Reuters) - U.S. President Donald Trump said in a Tweet on Sunday that China would take down its trade barriers and that the two countries would reach a deal on intellectual property. On Thursday, Trump directed U.S. trade officials to identify tariffs on $100 billion more Chinese imports, stoking fears of an all-out trade war between the world’s 104

April 7, 2018 2:07 PM Sick of 'Despacito'? Apparently billions are not, because it just set a new record

Sick of 'Despacito'? Apparently billions are not, because it just set a new record Luis Fonsi’s hit reggaeton/Latin pop song “Despacito (Featuring Daddy Yankee)" was already the most viewed video in YouTube's 13-year history when it topped 3 billion views in August 2017. Since then, the inescapable hit by the Puerto Rican star has now surpassed 5 billion 71

April 6, 2018 11:39 PM Retailers Worry Food-Stamp Overhaul Will Hit Them Hard

More than 52% of SNAP dollars, or $33 billion, were redeemed at big-box stores such as Walmart and Target last year The beleaguered grocery sector faces a new threat: the possible loss of tens of billions of dollars of spending by low-income shoppers. The Trump administration is pushing to rein in spending for the food-stamp program by nearly $130 billion 70

April 6, 2018 11:20 PM American Airlines announces big order for Boeing jets

American Airlines is ordering 47 new Boeing jets with a combined list price of $12.3 billion to replace some of its oldest planes. Terms are not being disclosed. Airlines routinely get big discounts on planes. American is also canceling an order with Boeing's European rival, Airbus, that was made by US Airways before it merged with American, and delaying 73

April 6, 2018 9:15 PM Conservative activists plead with Trump not to fire Pruitt

President Trump affirms that he still has confidence in his EPA administrator; chief national correspondent Ed Henry reports from Washington. Amid swirling controversy surrounding Environmental Protection Agency Administrator Scott Pruitt, a group of well-known conservative activists came out in support of the EPA chief on Friday. The Conservative Action 114