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In a significant move aimed at bolstering its position within the global chemicals market, the Abu Dhabi National Oil Company (ADNOC) announced on Tuesday the acquisition of German chemicals powerhouse Covestro for a staggering sum of 14.7 billion euros (approximately $16.4 billion). This strategic acquisition is set to facilitate ADNOC’s ambitious growth strategy, establishing its
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In a remarkable advancement in agricultural biotechnology, scientists have unveiled a genetically modified variant of lettuce, coined ‘golden lettuce,’ which boasts significantly elevated levels of vitamin A. This nutrient is crucial for maintaining a robust immune system, supporting vision, and facilitating growth and development. Beyond its immediate benefits, this pioneering approach in modifying one of
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Artificial intelligence (AI) continues to disrupt industries, and the technology underpinning this transformation is rapidly evolving. In this context, Cerebras Systems, an AI chip startup based in Sunnyvale, California, has taken a significant step by filing for an initial public offering (IPO). With aspirations to trade under the ticker symbol “CBRS” on the Nasdaq, the
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The journey of Dish Network, once heralded as a formidable player in the pay-TV sector, has gradually unraveled into what can only be described as a series of disjointed narratives mirroring the plotlessness of its namesake, “Seinfeld.” The company’s cofounder, Charlie Ergen, drew an analogy between Dish’s strategic path and the quirky television series during
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In a bold move that underscores the Biden administration’s commitment to border security, the White House announced on Monday an escalation of asylum restrictions at the southern U.S. border. This decision comes as the administration seeks to quell voter concerns regarding immigration, portraying itself as firm in managing the surge in migrant encounters that has
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