Mirum’s Livmarli becomes first FDA approved ALGS therapy

California-based Mirum Pharmaceuticals Inc. has reportedly announced that its drug, Livmarli (Maralixibat) has become the first U.S. FDA approved therapy for treating itching (cholestatic pruritus) in patients suffering from Alagille Syndro....

Marriott planning to expand South Asia portfolio with 22 new signings

Since the past 18 months, Marriott International has reportedly signed 22 new hotel projects in South Asia, comprising Nepal, Maldives, Sri Lanka, Bangladesh, Bhutan, and India. The world’s largest hotelier is looking to add over 2,70....

Netflix unveils members-only mobile games in select European markets

Three new gaming titles namely Shooting Hoops, Teeter Up, and Card Blast will be launched by the platform. These titles are completely free to play and include no in-app purchases or advertising. Netflix Inc. is reportedly launching t....

FedEx Logistics opens new office in Seoul to expand its global network

FedEx Logistics, a subsidiary of FedEx Corporation that provides specialty solutions, has announced to have launched a new office in Seoul, South Korea. The move echoes the company’s efforts to expand its worldwide network.  Con....

E-motorcycle manufacturer Cake raises USD 60 Mn in Series B funding

Cake, a Swedish electric motorcycle manufacturer has reportedly secured USD 60 million in a Series B funding round. The company intends to use the fresh funds to develop manufacturing facilities in Asia, America, and Europe, and to upscale ....

Logistics startup Ninja Van secures USD 578 million in Series E funding

The Singapore-based logistic startup Ninja Van has reportedly secured USD 578 million in a Series E funding round. The fresh funds will allow the company to support the growth of its technology system as well as operations infrastructure. ....

Automakers could face USD 210 Bn loss over supply chain troubles: Study

According to a study conducted by Alixpartners, worldwide automakers could lose around USD 210 billion in revenue in 2021 alone owing to supply chain troubles, which is nearly double the forecast made earlier this year. Besides the global ....

United Airlines sued over refusing exemption from vaccine mandate

Chicago-based United Airlines Inc. is facing an allegation of unlawfully denying religious and medical exemptions to employees from the COVID-19 vaccination mandate after making it difficult for workers to apply for them. Six of the compan....

German automotive giants eyeing hydrogen cars to achieve climate goals

Prominent German automakers including Audi and BMW are reportedly developing hydrogen fuel-cell passenger vehicle prototypes in addition to battery cars to achieve the goal of shifting to green fuel alternatives. Germany has been investing....

Oracle introduces first-of-its-kind AI-powered digital marketing system

Database software pioneer Oracle Corp. recently launched the ‘Fusion Marketing system’, an AI-powered automation solution for digital marketing as it continues to compete with the likes of Adobe Inc and Salesforce.com in selling....