Business

EU orders US biotech firms to unwind $7 bn merger

The European Commission on Thursday ordered US biotech giant Illumina to unwind its $7 billion purchase of cancer test pioneer GRAIL that it argues stifles competition in a key emerging public health domain.

Consumer & Gadgets

Q&A: Why Amazon's online marketplace drew FTC scrutiny

Amazon.com Inc. and Lina Khan have a fraught history. Khan made her name as a law student in 2017 with an article in The Yale Law Journal that made an example of Amazon to argue for a broad re-imagining of U.S. antitrust ...

Internet

Cracking the code: Examining why people fall for scams

Australians lost a staggering $3 billion to scammers last year, surpassing any previous year. That's equivalent to the cost of rebuilding three new hospitals. The latest Targeting Scams report from the Australian Competition ...

Business

Google faces £7 bn claim on behalf of UK consumers

Google is facing a new lawsuit in Britain, which accuses the US tech giant of stifling competition in the search engine market and causing prices to rise across the UK economy, a statement said Thursday.

Energy & Green Tech

UK lagging in switch to green energy, study warns

The UK risks being left behind in the production of "green" electricity, despite having once being considered a leader in the energy transition, according to a new study.

Security

White House offers prize money for hacker-thwarting AI

The White House on Wednesday launched a competition offering millions of dollars in prize money for creating new artificial intelligence systems that can defend critical software from hackers.

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Competition

Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, mates, and other biological resources. Humans compete for water, food, and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.

This text uses material from Wikipedia, licensed under CC BY-SA