BUSINESS

Photo Credit: Huawei

The US government has recently taken action to revoke certain licenses that permitted American chip manufacturers to export specific goods to the Chinese technology company Huawei. This decision comes in the wake of Huawei’s unveiling of an AI-enabled computer that utilizes a chip developed by Intel. The Department of Commerce, however, has not disclosed which specific licenses have been cancelled.

Photo Credit: Tik Tok

TikTok is taking legal action against the U.S. government in an effort to prevent a nationwide ban. The lawsuit, filed by TikTok and its Chinese parent company ByteDance, challenges a law that could force the app’s divestiture or outright ban if certain conditions are not met within a specified timeframe.

Photo Credit: Disney

How would you feel if marvel studios released only three movies and two shows per year?Well it just did.During Disney's quarterly earnings call on Tuesday, CEO Bob Iger announced a new strategy for Marvel to reduce output and focus on quality. Iger stated that the MCU will be shrinking, with a new mission to drop the number of Marvel TV series to two per year and the film output to no more than three movies per year.

Photo Credit: Getty Images

International Labour Day, also known as May Day, is a global celebration dedicated to honoring the contributions of workers and commemorating the achievements of the labor movement. Observed on May 1st each year, this day serves as a reminder of the ongoing struggle for workers's; rights, fair wages, and improved working conditions around the world.

Photo Credit: Sony

Sony Pictures Entertainment, in collaboration with Apollo Global Management, has entered formal negotiations to acquire Paramount Global. This development follows the expiration of Paramount's exclusive discussion period with Skydance Media, as reported by The New York Times.

Photo Credit: File Photo

In a landmark case, Razer Inc. has been ordered to pay over $1.1 million for misleading consumers about the efficacy of its Zephyr face masks, which were advertised as "N95-grade" without proper certification. This decision comes as a significant move by the Federal Trade Commission (FTC) to combat COVID-related health product scams.