The oft-trodden path for a startup biotech is to aim for either a buyout or an IPO—or at minimum, a partnership with a big pharmaceutical company—before dealing with the hefty price tag of a Phase 3 study. One local biotech, however, took on the risk of bucking that trend—and succeeded. That story and much more…
The Bitcoin Foundation’s Financial Standards Working Group has shed new light on its priorities for the next six months, announcing it will attempt to standardise bitcoin’s code, currency symbol and subunits over that period. The group’s formal plan of action follows its first emergence as an unnamed standards committee this June, when a post on…
Bill Gates sat down with Bloomberg Television anchor Erik Schatzker at the Sibos conference in Boston, where they discussed Microsoft Corporation (NASDAQ MSFT)’s strategy, the Ebola outbreak, his philanthropic efforts, financial payment systems in Africa and more. On whether Microsoft CEO Satya Nadella is moving fast enough, Gates said, “I’m very happy with what he’s…
Google is in trouble with a German watchdog group over privacy policy matters. Google Inc (NASDAQ GOOG)’s last privacy policy change went into affect two years ago, but that doesn’t mean the policy isn’t in need of changes. Some European watchdog groups hope to change the privacy policy. Earlier this week, German regulators demanded the…
Facebook is getting success in its fight against fake likes, and has won over $2 billion in legal judgments against spammers. As soon as Facebook Inc (NASDAQ FB) decided to get rid of the fake ‘likes’ on its website, there are reports claiming that it has won more than $2 billion in legal judgments against…
Melco Crown Entertainment announced solid second quarter results that were above analysts expectations and consensus estimates. Revenue increased 38% to $1.3 billion (above consensus of $1.2 billion) and adjusted EBITDA increased 62% to $330 million (well above consensus of $283 million), as the company’s City of Dreams casino on the Cotai Strip continued to take…
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