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Biogen is buying up an immune drug developer for $1.8 billion

Quartz

qz.com › biogen-hi-bio-1851493202

Biotechnology giant Biogen said on Wednesday that it is acquiring immune drug developer Human Immunology Biosciences (HI-Bio) to boost its late-stage pipeline and immunology portfolio. Biogen has agreed to a $1.15 billion upfront payment and up to $650 million in additional payments if certain milestones are met.

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President Biden and SEC Chair oppose major crypto bill hours before voting

Quartz

qz.com › sec-chair-gary-gensler-criticizes-crypto-market-bill-1851493248

Hours before the U.S. House of Representatives is set to vote on a crypto bill, president Biden released a statement saying that he is against the legislation, but he isn’t threatening to veto it.

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Kenyan AI workers say their conditions amount to 'modern day slavery'

Quartz

qz.com › ai-kenya-workers-modern-day-slavery-letter-1851493513

Nearly 100 Kenyan tech workers have signed an open letter to U.S. president Joe Biden and Katherine Tai, America’s trade representative with the company, saying that the artificial intelligence work they do for companies like OpenAI, Facebook, and ScaleAI amounts to “modern day slavery.”

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Red Lobster tells customers it's not closing down after bankruptcy filing - 'root for us'

Quartz

qz.com › red-lobster-bankruptcy-delta-hertz-customers-retail-1851493520

“Root for us,” Red Lobster told customers in its latest statement on X, the platform formerly known as Twitter. The crustacean purveyor filed for bankruptcy protection on Monday, but it also wants to assure customers that it still plans to stick around.

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Buy now, pay later lenders are now considered credit card providers in the U.S. Here’s what that means

Quartz

qz.com › buy-now-pay-later-bnpl-credit-card-cfpb-rules-1851493078

The Wild West of buy-now, pay-later systems is getting reined in. On Wednesday, the U.S. Consumer Financial Protection Bureau (CFPB) published an interpretive rule classifying buy-now, pay-later (BNPL) lenders as credit card providers. As a result, BNPL lenders will now have to abide by the same rules that apply to…

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Boeing's 10 airline customers waiting for the most planes

Quartz

qz.com › boeing-order-backlog-10-most-1851490522

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On top of all the other problems that Boeing has been dealing with after a piece of fuselage broke off an Alaska Airlines-operated 737 Max 9 back in January, a lot of its airline customers have been upset at how long they’ve been waiting on planes they ordered. Boeing’s public order backlog says it has more than 6,000…

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