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Facebook, Google, Other Tech Giants To Face Digital Tax Starting 2022, Canada Says
2020 Nov 30, 9:55pm | 445Read More...Technology giants like Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) will have to pay a digital tax in Canada beginning 2022, Reuters reported Monday. What Happened: The tax on digital services will stay in place until nations can agree on a unified approach on...
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Alibaba, JD, Pinduoduo's US Listing Fate Hangs In Balance As House Votes On Audit Rules Bill This Week
2020 Nov 30, 3:30am | 441Read More...The U.S. House of Representatives is set to vote on a legislation on Wednesday that could force the delisting of Chinese stocks in the country if they don't comply with audit regulations, reports the Wall Street Journal. The legislation would require a two-thirds majority...
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Attention Biotech Investors: Mark Your Calendar For December PDUFA Dates
2020 Nov 28, 1:08pm | 2521Read More...The U.S. Food and Drug Administration's approval machinery churned out a lot of disappointments in November. Most of the negative verdicts were tied to difficulties the agency has had in inspecting facilities where investigational drugs are being manufactured, amid COVID-19-related...
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Justice Department Forces Intuit To Divest Credit Karma's Tax Biz To Square
2020 Nov 25, 10:58am | 411Read More...The U.S. Justice Department will reportedly require Intuit Inc. (NASDAQ: INTU) to sell its Credit Karma tax unit to Square Inc (NYSE: SQ) as part of Intuit’s $7.1-billion buyout of Credit Karma. What Happened: On Wednesday, CNBC reported that Intuit must divest Credit Karma’s tax...
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High-Flying Chinese EV Stocks Hit Roadblock Amid Domestic Regulatory Scrutiny
2020 Nov 25, 9:06am | 487Read More...The buoyancy seen in the Chinese electric vehicles stocks faces risk in the wake of regulatory scrutiny by China. What Happened: Chinese EV makers Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI), which were all in record territory ahead of...
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French Tax Authorities Nudge Amazon, Facebook To Shell Out Digital Tax: FT
2020 Nov 25, 4:01am | 665Read More...Facebook, Inc (NASDAQ: FB) and Amazon.com, Inc (NASDAQ: AMZN) have received a demand of millions of euros from the French tax authorities, the Financial Times reports. What Happened: France seeks to collect "digital tax" for 2020 from the U.S. technology groups....
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Tesla Faces Class Action Over Allegedly Covering Up Model S, X Suspension Defects
2020 Nov 25, 3:21am | 468Read More...Tesla Inc (NASDAQ: TSLA) is facing a class-action lawsuit brought on by owners that allege that the automaker actively concealed suspension defects in Model S and Model X vehicles. What Happened: The suit, filed in a California federal court on Friday, alleges that “Tesla has not only...
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Detroit OKs Adult-Use Marijuana Licenses With Benefits For 'Legacy Detroiters'
2020 Nov 24, 6:48pm | 394Read More...Detroit has approved an ordinance that green-lights the licensing process for adult-use marijuana businesses. According to Click On Detroit, the Detroit City Council voted unanimously to begin granting licenses to adult-use retailer establishments, growers, processors, safety compliance...
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Her Highness Enters Nevada Market Via Body And Mind Partnership
2020 Nov 24, 5:00pm | 271Read More...Women-centric cannabis brand Her Highness is expanding into Nevada through a production licensing partnership with MSO Body and Mind Inc. (CSE: BAMM). Her Highness products are now available across Nevada dispensaries. The partnership with BaM allows Her Highness to offer a series of indoor-grown...
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GM To Recall 5.9M Vehicles Over Faulty Airbags As NHTSA Turns Down Petition
2020 Nov 24, 2:51am | 507Read More...General Motors Company (NYSE: GM) will recall approximately 5.9 million vehicles over faulty airbag inflaters as per orders from the National Highway Traffic Safety Administration (NHTSA), the Wall Street Journal reported Monday. The NHTSA earlier concluded that certain makes of Takata...
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Apple Chief Security Officer Indicted Over Allegedly Bribing Officials With iPads To Obtain Gun Permits
2020 Nov 23, 9:21pm | 364Read More...Apple Inc (NASDAQ: AAPL) Chief Security Officer Thomas Moyer stands accused of attempting to obtain a permit to carry concealed weapons through bribery, Reuters reported Monday. What Happened: Moyer, 50, was indicted by a grand jury on Monday for attempting to bribe the Santa Clara County...
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'CBD Is Not A Narcotic': European Court Rules Against Restrictions On CBD Commerce
2020 Nov 23, 5:09pm | 375Read More...The European Court of Justice ruled on a crucial case last week that could have large consequences over the commercialization of CBD across Europe. The ruling body — the supreme court of the union in matters of European Union law — ruled that CBD is not a narcotic. This...
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SD Police Throw Out Recreational Cannabis Measure Over 'Technicality'
2020 Nov 23, 1:19pm | 351Read More...South Dakota Governor Kristi Noem's efforts to challenge marijuana legalization continue. According to Marijuana Moment, two law enforcement officials — Pennington County Sheriff Kevin Thom and state Highway Patrol Superintendent Col. Rick Mille — filed a lawsuit...
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Mexico's Cannabis Legalization Bill Will Boost Business, But There Are Concerns
2020 Nov 23, 10:32am | 615Read More...Mexican Senators approved a historic adult use cannabis legalization bill on Nov. 19, with an 82 to 18 vote. This doesn't legalize adult use just yet, but Mexico appears well on its way to becoming the third nation to do so and potentially the largest legal marijuana market in the world....
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Regeneron's COVID Treatment Gets Emergency FDA Approval
2020 Nov 22, 9:07am | 216Read More...The U.S. Food and Drug Administration has issued emergency use authorization for Regeneron Pharmaceuticals Inc's (NASDAQ: REGN) COVID-19 antibody cocktail. Why It Matters: The two antibodies in the treatment, casirivimab and imdevimab, were shown to reduce COVID-19-related hospital trips within...
