Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Tesla tells employees Model S and X production…
Kuka robots work on Tesla Model X in the Tesla factory in Fremont, California, on Thursday, July 26, 2018.Mason Trinca | The Washington Post | Getty ImagesTesla informed employees in its Fremont, California, factory on…
Relativity Space adds $500 million to ‘war chest’…
Relativity SpaceRelativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a "war chest" of capital to do so."We're…
Bill Gates leads $85 million fundraising for satellite…
KymetaSatellite antenna builder Kymeta announced Tuesday it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product."At the end of…
Diversifying supply chains: Apple vendor eyes production shift…
(This story originally appeared in on Aug 02, 2020)NEW DELHI: In a major relocation from China as part of global business’ effort for derisking of manufacturing bases by diversifying supply chains, a contract manufacturer for…
How Canada is fighting Covid-19: Ramping up PPE…
Justin Trudeau, Canada's prime minister, wears a protective mask while arriving for a news conference in Ottawa, Ontario, Canada, on Wednesday, July 8, 2020.David Kawa | Bloomberg | Getty ImagesCNBC is looking at how countries…
Smartphones sales down 30-40% in July so far…
NEW DELHI: Shortage of new smartphones due to supply chain constraints has resulted in 30-40% fall week-on-week in sales in July despite robust demand as manufacturers tackle import impediments and production delays. Smartphone market trackers…
Palm oil prices reverse gains on concerns over…
SINGAPORE: Malaysian palm oil futures traded lower on Thursday, reversing two straight sessions of gains, as fears of another wave of coronavirus infections and expectations of higher production clouded the outlook. The benchmark palm oil…
Oil prices hit 3-month highs on expectations OPEC+…
An Austrian army member stands next to the logo of the Organization of the Petroleoum Exporting Countries (OPEC) in front of OPEC's headquarters in Vienna, Austria April 9, 2020.Leonhard Foeger | ReutersOil prices continued to…