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US chip giant Qualcomm said earlier this month that it was holding discussions with Honor when asked about whether it can ship chips to the latter.
Uber's .1 billion deal was the largest since Alibaba went public in 2014, and the largest US company to launch an IPO since Facebook in 2012. Uber operates worldwide and is expanding into home delivery while Lyft concentrates on providing rides in the US, but the companies share a common thread: Both deals fell below the IPO price and never recovered.
US space agency will photograph the farthest and oldest cosmic body to date
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US business leaders are puzzled by Trump's action because it follows the recently announced US-Mexico-Canada Agreement and would complicate its ratification in Congress. Business leaders said tariffs would boost consumer prices and disrupt supply chains.
Uber announced this week that it is acquiring Middle Eastern rival Careem Networks for .1 billion, ending a ride-hailing battle and expanding its presence in a region of some 400 million people. The takeover of Dubai-based Careem is Uber's largest acquisition.
US companies are top M&A targets for Chinese pharmaceutical and healthcare companies, followed by European firms that lead in certain areas.
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US politicians, whether Barack Obama or Donald Trump, have a tradition of blaming others, especially China, for US economic woes, in sharp contrast to Chinese leaders.
US biotech company Moderna claimed on Monday that its novel coronavirus vaccine is 94.5 percent effective based on preliminary data. It came a week after its competitor Pfizer claimed that its vaccine candidate is 90 percent effective.
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US President Donald Trump visits the US-Mexico border in Calexico California, US, April 5, 2019. [Photo/Agencies]
US companies have sold India more than billion worth of weapons since 2007, and Washington had been urging the Indian government to sign agreements allowing for the sharing of sensitive information, as covered in the new pact.
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