TuSimple, maker of self-driving trucks, settles fraud lawsuit for $189 million
Aug 27 (Reuters) – TuSimple (TSPH.PK)opens new tab A $189 million settlement has been reached in a lawsuit accusing the self-driving truck technology company of defrauding shareholders by exaggerating its safety record and concealing three insiders’ control of a Chinese…
Exclusive: Evolent Health in sale talks after takeover interest, sources say
NEW YORK, Aug 22 (Reuters) – Evolent Health (EVH.N)opens new tab is currently in talks with private equity firms and health care providers about a potential sale. The process was initiated after interest in an acquisition emerged, people familiar with…
Bankruptcy of Indian Ed-Tech giant Byju fuels fears among employees
The company was once valued at $22 billion in India Autumn seen as a setback for employees and the startup sector Employees weigh up legal options, protest Dispute between lenders triggered insolvency proceedings BENGALURU/NEW DELHI, Aug 22 (Reuters) – The…
Trump promises to repeal environmental protection law and prevent steel mergers
Trump wants to limit foreign access to domestic markets and ensure a 100% American supply chain US Steel shares fell 6% after Trump commented on blocking the merger with Nippon Steel Trump plans to abolish EPA rules limiting pollution from…
AMD acquires server manufacturer ZT Systems for $4.9 billion in cash and stock
Aug 19 (Reuters) – AMD (AMD.O)opens new tab announced on Monday that it plans to acquire server maker ZT Systems for $4.9 billion. The company wants to expand its portfolio of chips and hardware for artificial intelligence and compete against…
