Business news is always changing and it is important for professionals to stay abreast of the latest updates. From new launches to acquisitions, the business world is always evolving. Here are the top ten business news updates that you should know about:
1. Amazon launches Amazon Pharmacy
In November, Amazon launched Amazon Pharmacy, offering customers the convenience of buying prescription medication online. This move is set to shake up the traditional pharmacy market.
2. Pfizer-BioNTech Covid-19 vaccine given regulatory approval
The Pfizer-BioNTech vaccine received regulatory approval in December, becoming the first Covid-19 vaccine to do so. This is a milestone in the fight to combat the pandemic.
3. Shopify reports record-breaking Black Friday/Cyber Monday sales
Shopify, the popular e-commerce platform, reported that its merchants made a massive $5.1 billion in sales during the Black Friday/Cyber Monday shopping weekend in November.
4. Airbnb goes public
Airbnb filed for an initial public offering (IPO) in November and went public in December. The short-term rental app’s shares soared more than 100% on its first day of trading, making it one of the most successful IPOs of the year.
5. Disney announces major reorganization to focus on streaming
In October, Disney announced a major reorganization to focus on its streaming services, such as Disney+ and Hulu. This comes as traditional media companies face increasing competition from digital platforms.
6. Microsoft acquires ZeniMax Media for $7.5 billion
In September, Microsoft announced its acquisition of ZeniMax Media, the parent company of popular video game publisher Bethesda. This move is set to strengthen Microsoft’s gaming division, Xbox.
7. Tesla joins S&P 500
Elon Musk’s electric vehicle company Tesla joined the S&P 500 index in December, becoming one of the most valuable companies in the world.
8. Slack acquired by Salesforce for $27.7 billion
In December, Salesforce announced its acquisition of Slack, the popular workplace messaging app. This deal is set to help Salesforce compete with Microsoft in the enterprise software market.
9. Facebook faces antitrust lawsuits
In December, the US Federal Trade Commission filed antitrust lawsuits against Facebook, alleging that the social media giant has stifled competition. This is a significant legal challenge for Facebook.
10. Palantir goes public
Palantir, the data analytics company co-founded by Peter Thiel, went public in September. Its shares soared more than 30% on its first day of trading.
In conclusion, keeping up with business news is essential for professionals. The above developments in various industries demonstrate the everchanging landscape of business, and it is crucial to stay informed in order to remain competitive and adapt to new trends.
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