Square, a financial services firm co-founded by now-former Twitter CEO Jack Dorsey, has changed its name to Block. Square has expanded outside banking services, as seen by its recent acquisition of a majority share in music streaming provider Tidal, which Block is citing to justify the new moniker. The newRead More →

Twitter CEO Jack Dorsey will leave the company he co-founded a decade and a half ago, according to a statement released by the company on Monday. Dorsey will remain a member of the board until his term expires at next year’s stockholders’ meeting, according to the firm. Parag Agrawal, aRead More →

Tesla announced on Friday that it has withdrawn its application for state aid for its proposed battery factory near Berlin, after CEO Elon Musk declared his company’s opposition to government subsidies. The European Union agreed a proposal in January that includes offering state funding to Tesla, BMW, and other companiesRead More →

For the fiscal year 2022, which begins on Oct. 1, the Walt Disney Company aims to increase its overall content spending to $33 billion. The company’s annual report, which was submitted with the Securities and Exchange Commission on Wednesday, contained details about the previous year and its outlook for theRead More →

President Joe Biden announced on Thursday that the United States has purchased 10 million courses of Pfizer’s Covid treatment tablet, an oral antiviral medicine that was shown in a clinical trial to be very successful in reducing hospitalisation among high-risk patients. Paxlovid, the tablet, has the potential to revolutionise theRead More →