The biopharma industry is witnessing a surge in investment in the immunology field, with over 10 buyouts of immunology and inflammation (I&I) drug developers this year. Several biotech companies have raised impressive funds to advance the development of their immunology-related research and development (R&D). These companies are working on innovative treatments for various diseases, including…
industry on The Soothsayer / page 20
A grueling election cycle has come to a close, with Donald Trump poised to become the 47th president of the U.S. The effects of this shift will be acutely felt in the AI industry, which has largely rallied against federal policymaking. Trump has repeatedly said he plans to dismantle Biden’s AI policy framework on ‘day…
Elon Musk, the billionaire CEO of Tesla and SpaceX, has taken a sharp swing to the right by supporting President-elect Donald Trump. This unexpected move could have significant implications for Musk’s businesses, including Tesla, SpaceX, and X, as well as the future of government spending and space exploration. With Trump promising Musk a key role…
The Federal Trade Commission (FTC) has announced that it will be taking action against the online cash app and neobank Dave, citing misleading marketing and hidden fees. The FTC claims that Dave’s marketing implied that its cash advances would be “instant,” without disclosing the fees involved until after the consumer completed the sign-up process. The…
The European Union has opened an investigation into Corning, the US manufacturer of Gorilla Glass, over possible anti-competitive practices. The probe is focused on Corning’s dominant position in the global supply of protective glass screens for handheld electronic devices. If the EU finds Corning guilty, it could face penalties of up to 10% of its…
Oil giant BP has announced the cancellation of 18 early-stage hydrogen projects, sparking concerns about the future of the nascent industry. This move is expected to have a significant impact on the development of green hydrogen, which has the potential to reduce carbon pollution in various industries. The decision is seen as a setback for…
The Mozilla Foundation, the nonprofit arm of the Firefox browser maker, has laid off 30% of its employees as it reorganizes teams to increase agility and impact. The move is part of a broader effort to ensure a more open and equitable technical future, but has raised concerns about the future of advocacy and global…
A team of researchers has made a groundbreaking discovery that could revolutionize potato farming. By understanding the genetic mechanism that controls nitrogen management in potatoes, scientists may be able to develop varieties that require less fertilizer, saving farmers money and reducing the environmental impact of potato cultivation. Forecast for 6 months: Within the next six…
Printful and Printify, two veteran European companies in the on-demand printing space, have announced a merger. The move aims to unlock greater economies of scale, efficiencies, and profitability. The combined company plans to expand into more markets, serving solo-entrepreneurs to Fortune 500 companies. The merger has already passed regulatory review and received overwhelming support from…
Anduril, a defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, Arsenal-1, in Arizona, Ohio, or Texas. The facility will employ thousands of people and produce tens of thousands of autonomous military systems annually. Anduril plans to use the facility as a prototype for a faster, cheaper, software-defined factory…