The FDA has warned the consumers to not use any unauthorized at-home Covid-19 antibody test and rapid test due to concerns that these kits might generate false results. Produced by Lepu Medical Technology, these kits were circulated to the pharmacies for being sold to the consumers to conduct at-home test and was made available via … Read more
The US has sold around 2mn Iranian crude oil barrels’ post seizing one oil tanker at the coast of the UAE, show the government statistics and court documents. The crude oil was seen in the new figures issued during the weekend by the United States EIA (Energy Information Agency), making commodity traders cautious as Tehran … Read more
Richard Galanti, the CFO of Costco has issued a warning on Q3 earnings call of the company, saying that the retailer is experiencing inflammatory pressures, which includes shipping container shortage, increased cost of select items shipped from international borders and higher labor cost. As per Galanti, the shipping cost have risen on imported cheeses, select … Read more
On Wednesday, Amazon said that it is all set to buy MGM Studios in a deal worth $8.45bn, which marks its boldest ever move in the entertainment sector so far. This is the second-largest Amazon acquisition, after the company’s Whole Foods acquisition in 2017 for $13.7bn. Amazon said that it expects to leverage the storied … Read more