WASHINGTON—The Federal Aviation Administration has awarded Verizon Communications a contract potentially worth $2.4 billion to upgrade the agency’s technology systems. The FAA said Verizon will build a network that includes secure communications and administrative services. If the FAA exercises all options in the deal, the contract would run for 15 years and reach the full…
China’s Iran-Saudi Deal a Tool to Avoid Any Wave of Democratic Regime Change: Experts
March 30, 2023
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Belt and Road Initiative (BRI)ChinadealEbrahim RaisiGeo-economicsIranIran–Saudi Arabia relationsMiddle EastMohammad Bin SalmanNational SecurityPolicies & ImpactsSaudi ArabiaSaudi Arabia-IranUSWorld
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China’s brokering a deal between arch rivals Iran and Saudi Arabia on March 10 was the result of converging economic interests, according to experts on the Middle East. The deal also helps each of the totalitarian nations to avoid any potential wave of democratic regime change. “China, diplomatically, has always been at ease with unrepresentative,…
CVS Expects to Close $8 Billion Signify Deal This Week
CVS Health Corp. said on Monday it expects to complete its acquisition of healthcare services company Signify Health this week, subject to certain conditions, potentially ending months of antitrust scrutiny on the $8 billion deal. CVS’ potential acquisitions of two healthcare service providers Signify and Oak Street Health, along with other such deals, have been…
Microsoft Wins Dismissal of Gamers’ Suit Over $69 Billion Activision Deal
Microsoft Corp. on Monday won dismissal of a private consumer antitrust lawsuit over its $69 billion proposed purchase of “Call of Duty” maker Activision Blizzard Inc., but the plaintiffs were given 20 days to refine their legal challenge. A federal judge in San Francisco ruled that the lawsuit from a group of video game plaintiffs…
BlackBerry Signs up to $900 Million Patent Deal After Sale to Catapult Collapses
BlackBerry Ltd. said on Tuesday it would sell patents, primarily related to its mobile devices, for up to $900 million after the Canadian software company scrapped an earlier deal with Catapult IP Innovations Inc.. Malikie Innovations Ltd. will buy the patents and pay $170 million in cash on deal closing, and another $30 million three…
Russia: 60-day Extension of Wartime Grain Deal Acceptable
GENEVA—A Russian delegation at talks with senior U.N. officials said Monday that Moscow is ready to accept an extension to a grain export deal that has helped bring down global food prices amid the war in Ukraine—but only for 60 days as the Kremlin holds out for changes to how the arrangement is working. The…
Former FTX Executive Is 3rd to Plead Guilty in Cooperation Deal
NEW YORK—The former engineering director at FTX pleaded guilty to charges including conspiracy and wire fraud Tuesday, becoming the third executive from the collapsed cryptocurrency giant to strike a cooperation deal with prosecutors building a case against the company’s founder, Sam Bankman-Fried. The plea by Nishad Singh, 27, in what authorities have labeled one of…
SEC, New York Regulator Oppose Binance.US $1 Billion Deal for Voyager
The U.S. Securities and Exchange Commission (SEC) and New York’s top financial regulator have opposed crypto exchange Binance.US’s $1 billion deal to buy bankrupt crypto lender Voyager, the latest in a string of U.S. regulatory moves against crypto firms. The Voyager deal may violate laws on the unregistered offer and sale of securities, the SEC…
GM Reaches Computer Chip Supply Deal With GlobalFoundries
DETROIT—With the global shortage of semiconductors still crimping U.S auto production, General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of an upstate New York factory to supply the automaker. In a joint statement from the companies Thursday, Malta, New York-based GlobalFoundries said it will expand production capacity inside its Malta plant…
CVS Buying Spree Continues With $10.6 Billion Oak Street Deal
CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. Oak Street runs care centers mostly for lower-to-middle…
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