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Tantocos enter P380-M joint venture with Prada

The Tantoco family’s SSI Group Inc. has upgraded its partnership with luxury goods firm Prada S.p.A from a franchise to a P380 million joint venture which is seen to ramp up the brand’s expansion in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), SSI said its wholly-owned …

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Pfizer completes purchase of cancer-focused Seagen

“Yes, we’re exploring to buy more (Sinovac doses). But our plan is, once the majority of Pfizer and Moderna vaccine doses have been delivered, we might be concentrating on these major brands,” vaccine czar Carlito Galvez Jr. said during the arrival of more than 365,000 doses of the Pfizer vaccine …

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Shopping app Temu sues rival Shein over ‘mafia’ tactics

Chinese-owned online retailer Temu is suing its rival Shein in the United States, accusing it of “mafia-style” intimidation tactics to keep the upper hand in the US market.  In the lawsuit, filed on Wednesday in a federal court in Washington DC, Temu accuses Shein of threatening merchants against doing business …

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Big tech jolted by Google’s defeat

WASHINGTON, D.C.: Google’ stinging defeat against “Fortnite” maker Epic Games in a California courtroom could be an important blow against big tech’s decades of supremacy on antitrust matters in the United States. With Washington lawmaking gridlocked and pro-business judges dominant in federal courts, US tech giants have survived unscathed for …

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