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Peter Thiel-backed Compass Pathways files for US IPO

Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering (IPO), adding to a flurry of filings from tech companies during a week that has already seen Palantir Technologies and Snowflake Inc make their IPO paperwork public.

Markets

FDA expands emergency use of Gilead’s remdesivir in hospitalised COVID-19 patients

Gilead Inc said on Friday the U.S. Food and Drug Administration has authorized expanded emergency use for its experimental antiviral COVID-19 treatment, remdesivir.

Markets

Operator of Trump International Hotel in Vancouver files for bankruptcy

The company that operates the Trump International Hotel in Vancouver said on Friday it has filed for bankruptcy, blaming the coronavirus pandemic for lost revenue and financial hardship.

Markets

Commentary: America’s mountain of debt is a ticking time bomb

The collateral damage of the war against COVID-19 could be national bankruptcy, says this observer.

Markets

Commentary: Who will get the COVID-19 vaccine Chinese companies are developing?

Of the 32 vaccines that are in human trials around the world, a larger number are from Chinese companies than might have been expected, says Professor Mark Greeven.

Markets

Apple terminates ‘Fortnite’ creator’s App Store account as lawsuit proceeds

Apple Inc said on Friday it had terminated "Fortnite" creator Epic Games' account on its app store, following a legal battle between the two over the iPhone maker's in-app payment guidelines.

Markets

TikTok says it has not received a bid from Centricus and Triller

Bloomberg News reported earlier on Friday, citing a person familiar with the matter, that Centricus, which is seeking to partner with Triller and other investors, submitted a US$20 billion bid to ByteDance for TikTok's assets in the United States, Australia, New Zealand and India.

Markets

KS Energy says rigs in ‘no jeopardy’, even as OCBC seeks judicial management for firm

OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary, KS Drilling, under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.

Markets

Misleading sale of critical illness plans has predatory tinge

FINANCIAL advisers here who are pushing critical illness (CI) insurance plans with misleading claims over changes to CI definitions risk tarring the reputation of the industry, especially as more marketing of products is flowing to the greyer areas of social media.

Markets

Apple terminates Epic Games’ account on App Store

Apple Inc said on Friday it had terminated "Fortnite" creator Epic Games' account on its app store, following a legal battle between the two over the iPhone maker's in-app payment guidelines.

Markets

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