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Novo Nordisk Wins Patent Battle with Mylan

Mylan Pharmaceuticals, a Viatris company, attempted to challenge essential patents held by Novo Nordisk for its diabetes and weightloss medications

Mylan Pharmaceuticals, a Viatris company, attempted to challenge essential patents held by Novo Nordisk for its diabetes and weightloss medications, Wegovy and Ozempic. Still, such attempts were dismissed by the U.S. Patent Trial and Appeal Board. Mylan had attempted to have these patents invalidated because the antidiabetes drug liraglutide made them conspicuous. Novo Nordisk has a strong defence strategy for its intellectual property. According to analysts, Wegovy, a very successful weightloss medication, is expected to generate more than $100 billion in sales by the end of the decade. Profits from Wegovy and Ozempic have made Novo Nordisk the most valuable firm in Europe. Read More..

B2B Tech News | 2 years ago          

Russian Rouble Dips Below $100 Mark Amid Currency Outflows

Due to currency outflows and a declining current account surplus, the Russian rouble momentarily fell below the 100tothedollar mark. It was reminiscen

Due to currency outflows and a declining current account surplus, the Russian rouble momentarily fell below the 100tothedollar mark. It was reminiscent of a similar decline in August, which prompted the Russian central bank to impose a 350basispoint emergency increase in interest rates to 12%. At the beginning of every month, the rouble is generally under pressure as exporters stop converting their foreign exchange profits to pay for domestic commitments. Russias account surplus decreased by 86% yearly to $25.6 billion from January through August due to decreased exports, Western sanctions, and shifting trading patterns. Despite prior rate increases, economists predict that the central bank will continue to tighten the money supply to fight inflation at its forthcoming meeting on October 27. Read More..

B2B Tech News | 2 years ago          

Kenyan Authorities Push for Pause on Worldcoins Iris Scanning Project

A Kenyan parliamentary committee has requested the nations information technology watchdog to prohibit Worldcoins operations until more stringent rule

A Kenyan parliamentary committee has requested the nations information technology watchdog to prohibit Worldcoins operations until more stringent rules are implemented. Due to privacy issues with iris scanning for digital IDs, the government put the initiative on hold in August. Sam Altman of OpenAI cofounded Tools for Humanity, which developed Worldcoin and is also under investigation in the UK, Germany, and France. The panel recommends that Worldcoins virtual platforms be shut down, its associated IP addresses be blocked, and its physical presence be suspended until legal frameworks for virtual assets are in place. The National Assembly will evaluate the report. Read More..

B2B Tech News | 2 years ago          

Android Banking Trojan Zanubis Targets Perus SUNAT App Users

The Android banking Trojan Zanubis now seems to be the official app for Perus SUNAT Superintendencia Nacional de Aduanas y de Administración Tributar

The Android banking Trojan Zanubis now seems to be the official app for Perus SUNAT Superintendencia Nacional de Aduanas y de Administración Tributaria organisation. This virus impersonates legitimate Android apps to target users of cryptocurrencies and financial services in Peru. It was first discovered in August 2022. Zanubis has become more sophisticated, using the Obfuscapk obfuscator to avoid detection, and gets control by deceiving users into allowing Accessibility permissions. It fools victims by loading a valid SUNAT page to make it seem legitimate and keeps in touch with a commanding server. Zanubis is flexible, remotely configured to steal data, and capable of assuming complete control over infected systems. Read More..

B2B Tech News | 2 years ago          

Coinbase Expands Reach with Monetary Authority of Singapore’s Approval

The Monetary Authority of Singapore MAS has granted Coinbase, the worlds largest publicly traded cryptocurrency exchange, a Major Payment Institution

The Monetary Authority of Singapore MAS has granted Coinbase, the worlds largest publicly traded cryptocurrency exchange, a Major Payment Institution MPI licence. Using this licence, Coinbase can provide digital payment token services to businesses and individuals in Singapore. Asias leading centre for the bitcoin business is now Singapore. With 32% of the population reported to own cryptocurrencies or have held them in the past, Coinbase regards the Singaporean market as essential. However, recent crypto company failures have cooled interest in the industry. Only a few organisations successfully acquire licences from the MAS, which issues them to cryptocurrency enterprises with stringent antimoney laundering policies. Read More..

B2B Tech News | 2 years ago          

EU Takes Action Against Tech Weaponization Threats

The risk of essential technology, such as semiconductors and artificial intelligence, being weaponized by nations opposed to EU principles will be ass

The risk of essential technology, such as semiconductors and artificial intelligence, being weaponized by nations opposed to EU principles will be assessed by the European Commission. This measure reflects those taken by the US, Australia, and other nations in reaction to Chinas increasing assertiveness and aligns with the EUs economic security strategy. The EU has also listed quantum technologies and biotechnologies such as vaccinations and genome sequencing for risk assessments. By the end of the year, the assessments will be carried out in collaboration with member states, and risk mitigation steps, such as export restrictions and alliances with likeminded countries, are planned for the following year. Read More..

B2B Tech News | 2 years ago          

Bill Ackmans SPAC Gains Green Light for $1.5B Business Hunt

Special purpose acquisition rights SPARs may now be distributed by Pershing Square SPARC Holdings Ltd, a subsidiary of Pershing Square Tontine Holding

Special purpose acquisition rights SPARs may now be distributed by Pershing Square SPARC Holdings Ltd, a subsidiary of Pershing Square Tontine Holdings Ltd, owned by billionaire investor Bill Ackman. To obtain at least $1.5 billion in financing, they want to establish business alliances with privately held firms. Since it was high in 2021, the SPAR market has declined, prompting Ackman to consider partnering with Elon Musks X previously Twitter. However, considering the apparent decline in Twitters value since Musks purchase offer in March, Ackman is still determining Xs interest and the viability of such a merger. X still needs to answer inquiries for comment. Read More..

B2B Tech News | 2 years ago          

Germany and China Unite in Support of G20 Debt Restructuring

Following their financial discussion in Frankfurt, Germany and China released a joint statement that affirmed their support for the G20s framework for

Following their financial discussion in Frankfurt, Germany and China released a joint statement that affirmed their support for the G20s framework for renegotiating debt for developing countries. German Finance Minister Christian Lindner warmly welcomed Chinese support for this project. He emphasised Chinas significant position in world politics. The intentions for the reform, however, were kept private. Although its still unclear whether it happened, China was earlier anticipated to give up asking international development banks to share losses in restructurings of sovereign debt. During the discussions, Germany and China also sought to increase opportunities for market access in each nation. They discussed making financial exchanges more frequent and enhancing Frankfurts position as a significant financial centre in Europe. Read More..

B2B Tech News | 2 years ago          



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