Webtagr - Technology News Summarizer

FDA Bans Cancer-Linked Red Dye No. 3

2025-01-16

The US Food and Drug Administration (FDA) has banned the artificial food coloring Red No. 3, linked to cancer, from being used in food and drugs. The ban takes effect January 15, 2027, for food products, with drug manufacturers given an extended deadline to reformulate. This impacts numerous products containing the dye, from candy to cold medicine, prompting concerns within the food industry.

(www.bloomberg.com)

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Morgan Stanley Abandons Net-Zero Banking Alliance

2025-01-02

Morgan Stanley has followed Citigroup and Bank of America in withdrawing from the Net-Zero Banking Alliance, a global initiative aimed at reducing greenhouse gas emissions. This decision raises questions about Wall Street's commitment to climate action. While Morgan Stanley claims continued support for client transition efforts, its departure casts doubt on the future of financial institutions' involvement in climate initiatives and raises concerns about the alliance's effectiveness.

(www.bloomberg.com)

Tech

Qualcomm Wins Arm Licensing Dispute

2024-12-21

A Delaware jury ruled in favor of Qualcomm Inc. in its legal battle with Arm Holdings Plc, finding that Qualcomm did not breach a license agreement for chip technology acquired through its $1.4 billion purchase of Nuvia Inc. in 2021. Arm claimed Qualcomm used the technology without paying higher licensing fees. While the jury found Qualcomm didn't violate the agreement, they couldn't reach a verdict on whether Nuvia itself breached the license, leaving that question open for a later retrial. The ruling is significant for Qualcomm's position in the mobile chip market.

(www.bloomberg.com)

Tech Chip Licensing

Japan's $33 Billion Gamble on Chip Manufacturing

2024-12-18

Japan is investing $33 billion in building semiconductor factories in remote areas like Hokkaido, aiming to reclaim its dominance in the chip industry. This has created a construction boom and attracted a large workforce, a stark contrast to the region's relatively sluggish job market. The ambitious project is a high-stakes gamble, but reflects Japan's determination to return to the forefront of technological innovation.

(www.bloomberg.com)

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