Japan Imposes New Controls on Chip Equipment Exports

New Trade Rules for Chipmaking Equipment Japan has implemented stricter rules for foreign investment in chipmaking equipment to bolster supply chain stability, according to the Ministry of Finance. Effective immediately, foreign investors must inform the government before making direct investments in chipmaking equipment, including acquiring a 1% or greater stake…

Disney Faces Criticism Over Price Hikes

Disney (NYSE:DIS) recently unveiled ambitious plans for its parks and cruises, aiming to attract fans with exciting new experiences. However, alongside these announcements, Disney has faced criticism for significant price increases that are making its magical experiences less accessible for many families. The price hikes, combined with global inflation, have…

Apotex Expands Ophthalmic Business with Canadian Rights to New Steroid Eyedrop

TORONTO, Aug. 5, 2024 – Apotex Inc. (“Apotex“), the largest Canadian-based pharmaceutical company, today announced an agreement with Formosa Pharmaceuticals (“Formosa”) under which Apotex has the exclusive rights to market and distribute APP13007 (clobetasol propionate ophthalmic suspension, 0.05%) in Canada upon approval. The agreement further expands Apotex’s ophthalmic franchise, building…

Xiao-I Corporation Announces Change in ADS Ratio

SHANGHAI, Aug. 5, 2024 — Xiao-I Corporation (“Xiao-I” or the “Company”) (NASDAQ: AIXI), a leading artificial intelligence company, today announced its plans to adjust the ratio of its American Depositary Shares (the “ADSs”) to its ordinary shares (the “ADS Ratio”), par value US$0.00005 per share, from the current ADS Ratio…