Amazon Hires Dozens of Former FTC Officials, Volkswagen Discusses With Tesla to Adopt North American Charging Standard, FDA Approves First Hemophilia A BioMarin Gene Therapy: Today's Top Stories

Benzinga2023-06-30

New York Post FTC Chair Lina Khan's Impact? Amazon Hires Dozens of Former FTC Officials Amazon.Com Inc (NASDAQ: AMZN) is poaching several staffers from the Federal Trade Commission as it gears up for...

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Amazon Hires Dozens of Former FTC Officials\n\nAmazon.Com Inc (NASDAQ: AMZN) is poaching several staffers from the Federal Trade Commission as it gears up for...</p>\n\n<a href=\"https://finance.yahoo.com/news/amazon-hires-dozens-former-ftc-154800536.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0820561909.HKD","symbol_name":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/amazon-hires-dozens-former-ftc-154800536.html","article_id":"2347340508","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/u9KAt4pLHVbhtEtN0XSNNQ--~B/aD00NTI7dz04MDQ7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/c2b01d0f9ce7b42a3d9a21215a4c3f88"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2347340508","pubTimestamp":1688140080,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Amazon.Com Inc is poaching several staffers from the Federal Trade Commission as it gears up for an antitrust battle with the regulator.The firm battling charges of strong-arming third-party sellers into using its logistics network – has already hired around a dozen former FTC officials.Insiders say FTC Chair Lina Khan made Amazon's hiring spree much easier.Volkswagen May Join Other Players - It's In Talks with Tesla to Adopt North American Charging Standard. 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Amazon Hires Dozens of Former FTC Officials\n\nAmazon.Com Inc (NASDAQ: AMZN) is poaching several staffers from the Federal Trade Commission as it gears up for an antitrust battle with the regulator.\nThe firm battling charges of strong-arming third-party sellers into using its logistics network – has already hired around a dozen former FTC officials.\nInsiders say FTC Chair Lina Khan made Amazon's hiring spree much easier.\n\nReuters\nVolkswagen May Join Other Players - It's In Talks with Tesla to Adopt North American Charging Standard\n\nVolkswagen AG (OTC: VWAGY) is in discussion with Tesla, Inc (NASDAQ: TSLA) to leverage its North American Charging Standard (NACS) technology. The German automaker's charging network unit Electrify America has already agreed to employ the system.\nFord Motor Co (NYSE: F), General Motors Co (NYSE: GM), and ChargePoint Holdings, Inc (NYSE: CHPT) are among the companies that have signed up for Tesla's charging design.\n\nFoxconn Plans $246M Investment In Northern Vietnam For Manufacturing EV Parts\n\nTaiwanese electronics contract manufacturer Foxconn Technology Co., Ltd. (OTC: FXCOF) has reportedly received approval from Vietnam to invest $246 million in two new projects in its northern province of Quang Ninh.\nFoxconn Singapore will undertake projects centered on manufacturing and assembling telecom and electric vehicle parts.\nFoxconn will spend $200 million on producing EV chargers and components, beginning in January 2025 with a workforce of 1,200 people.\n\nBenzinga\nBioMarin's Delayed Roctavian Scores FDA Nod As First Hemophilia A Gene Therapy In US\n\nThe FDA approved BioMarin Pharmaceutical Inc's (NASDAQ: BMRN) Roctavian (valoctocogene roxaparvovec-rvox) gene therapy for adults with severe hemophilia A (congenital factor VIII (FVIII) deficiency with FVIII activity < 1 IU/dL) without antibodies to adeno-associated virus serotype 5.\nThe one-time, single-dose infusion is the first approved gene therapy for severe hemophilia A in the U.S. Roctavian was approved by the European Medicines Agency in August 2022.\nIn March, the FDA said it needed more time to review a three-year analysis from BioMarin's ongoing Phase 3 GENEr8-1 study of Hemophilia A gene therapy, which BioMarin submitted earlier this year.\n\nBausch + Lomb Poised To Boost Presence In Growing Market With Potential $1.75B Drug Acquisition Deal From Novartis\n\nBausch + Lomb Corporation (NYSE: BLCO) has agreed to acquire 'front of eye' ophthalmology assets for $1.75 billion in upfront cash, plus additional milestone payments from Novartis AG (NYSE: NVS), marking the first significant move by CEO Brent Saunders since his return to Bausch + Lomb in March of this year.\nThe deal includes Xiidra (an eye drop for dry eye symptoms), investigational medicine SAF312 (libvatrep) for chronic ocular surface pain, the rights for the use of the AcuStream delivery device in dry eye indications, and OJL332, a second-generation TRPV1 antagonist in pre-clinical development.\nNovartis will receive milestone payments of up to $750 million linked to anticipated future sales for Xiidra, SAF312, and OJL332. \n\nLordstown Motors Receives Stock Exchange Delisting Notice\n\nLordstown Motors Corp (NASDAQ: RIDE) stock is trading lower Friday after receiving a delisting notice from Nasdaq. Lordstown Motors filed for Chapter 11 bankruptcy after its rescue deal with Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn failed.\nFoxconn was supposed to buy a tenth of Lordstown's equity at $1.76 per share. Lordstown executed a reverse 1-for-15 stock split to avoid delisting from Nasdaq. Foxconn claimed that the reverse stock split entitled them to purchase 62.7% of Lordstown's common stock.\nLordstown's shares were trading at around $3.70 after the reverse split, making the purchase unappealing for Foxconn.\n\nFDA Approves Renalytix's KidneyIntelX.dkd Prognostic Kidney Function Test\n\nRenalytix plc (NASDAQ: RNLX) shares are gaining after the FDA granted De Novo marketing authorization for its KidneyIntelX.dkd prognostic test to assess the risk of progressive kidney function decline in adults with diabetes and early-stage kidney disease.\nKidneyIntelX.dkd stratifies patients into three risk levels (low, moderate, and high). This result provides comprehensive information on patient risk for progressive decline in kidney function within five years, independently of the current standard of care measures. \n\nSpirit AeroSystems Workers End Strike At Wichita Plant By Approving New Contract Proposal\n\nSpirit AeroSystems Holdings Inc (NYSE: SPR) unit Spirit AeroSystems will restore operations at its Wichita plant, with complete production starting July 5.\nThe Wichita plant produces Boeing Co's (NYSE: BA) narrow-body aircraft and defense and business jet structures. The resumption of operation follows a voting procedure where the union workers from the International Association of Machinists and Aerospace Workers (IAM) agreed to a four-year contract proposal for wage increases and bonuses.\n\"We listened closely to our employees and brought forward a fair-and-competitive offer,\" said Tom Gentile, President and CEO of Spirit AeroSystems. \n\nSouthwest Pilots On The Verge Of Strike As They Seek To Be Released From Mediation\n\nSouthwest Airlines Co.'s (NYSE: LUV) pilots' union is reportedly moving closer to a possible strike.\nLUV's pilot union filed a request with the National Mediation Board (NMB) to be officially released from mediation.\nThe union stated that talks began more than three years ago and were joined by a mediator in September 2022, but several critical problems remain unsolved.\n\nStellantis Invests In Kuniko For Supply Of European Battery Materials\n\nStellantis NV (NYSE: STLA) has signed a battery materials supply agreement with the Norwegian company Kuniko Ltd. The financial terms were not disclosed.\nSTLA has inked a binding offtake term sheet agreement securing a 35% future production offtake of nickel sulfate and cobalt sulfate from Kuniko's Norwegian exploration projects for nine years.\nIn addition, Stellantis agreed to purchase €5.0 million in new equity in Kuniko, giving it a 19.99% shareholding on completion and the rights to nominate one director to the Kuniko board.\n\nWall Street Journal\nPG&E Applies For ~$7B In Federal Loan To Reduce California Wildfire Risk\n\nPG&E Corporation (NYSE: PCG) has reportedly applied for a $7 billion federal loan.\nThe loan will help PG&E fulfill its ambitious goals to reduce California wildfire risk by burying power lines and upgrading the electric grid.\nThe company was invited to apply for funding from the Energy Department's Loan Programs Office, which finances critical energy projects tied to the shift away from fossil fuels, added the report. \n\nCNBC\nAlibaba's Grocery Unit Expands Its Physical Stores In China \n\nAlibaba Group Holding Limited (NASDAQ: AMZN) stock continues to attract investor interest despite reports suggesting a possible contraction in Chinese manufacturing in June.\nOn the flip side, the company said that Alibaba's grocery unit Freshippo expanded its number of physical stores in China on Friday as it prepares to spin off from its parent company and go public.\nFreshippo, known as Hema in China, plans to open 12 stores across mainland China in significant cities, including Beijing, Shanghai, and Guangzhou.\n\nPhoto via Wikimedia Commons\nDon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.\nThis article Amazon Hires Dozens of Former FTC Officials, Volkswagen Discusses With Tesla to Adopt North American Charging Standard, FDA Approves First Hemophilia A BioMarin Gene Therapy: Today's Top Stories originally appeared on Benzinga.com.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. 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