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The Ukrainian military has reported attacks on the Saratov oil refinery and an airport in the Voronezh region of Russia.The Ukrainian military stated that it launched attacks on two Russian oil refining facilities in the Tartarstan region.On July 8th, it was reported that on July 7th, the National Healthcare Security Administration issued a "risk warning" stating that during the selection of procurement items in the 12th batch of centralized procurement, a certain imported original drug company submitted a so-called "expert recommendation letter jointly signed by 78 doctors from 31 hospitals," attempting to influence the procurement decision. After verification with each of the "signing experts," over 80% of the signatures were found to be fake. On July 8th, Takeda China stated: "The company referred to in this incident is not Takeda. The company has always strictly abided by national laws and regulations and participated in centralized procurement-related communications in compliance with regulations." Previously, on the evening of July 7th, Novartis China also stated: "We confirm that the company referred to in the article is not Novartis. Novartis has always strictly abided by national laws and regulations and firmly supports the countrys various measures to promote the high-quality development of the pharmaceutical industry."On July 8th, Zhang Yuhang, a second-level inspector of the Beijing Municipal Bureau of Economy and Information Technology, stated that in terms of computing infrastructure construction, Beijing continues to improve its "super node + industry node" computing support system, enhance its intelligent computing power supply capacity, build a computing power interconnection platform, and strengthen its computing power monitoring and supply-demand matching capabilities. The next step will be to solidify the foundation of computing power and data. This includes creating a computing power structure of "building the foundation within Beijing and expanding sources outside Beijing," constructing a 10,000-card computing power cluster, and achieving an additional intelligent computing power scale of over 70,000 petabytes within the year; exploring new models such as computing power collaboration and direct green electricity supply; continuously improving the institutional system for data property rights, authorized operation of public data, and revenue distribution; creating a trustworthy data space; and improving the data circulation service ecosystem. Furthermore, the city will accelerate breakthroughs in key technologies for embodied intelligence and the research and development of robot products, improving the systematic evaluation capabilities of robots; supporting the innovative development of intelligent terminals such as smartphones, smart computers, smart glasses, and smart homes; and improving the pilot-scale service system.Both WTI and Brent crude oil prices fell by $0.40 in the short term, currently trading at $71.89 per barrel and $75.80 per barrel respectively.

Twitter accepts the trial on October 17 but believes Musk may try to prolong it

Charlie Brooks

Jul 28, 2022 11:18

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Twitter (NYSE:TWTR) announced in a court filing on Wednesday that it does not oppose to Elon Musk's desire to commence a trial on Oct. 17 over Musk's effort to withdraw from his $44 billion takeover offer, but the social media company wants an assurance that the hearing would be finished in five days.


Musk has claimed that he needs time to perform a complete investigation into Twitter's alleged misrepresentation of bogus accounts, which he thinks breached their contract requirements.


He originally requested a February trial date, but on Tuesday, after a judge established that the procedure would begin in three months, he proposed a date of October 17.


Twitter has referred to the false accounts as a diversion and pushed for the Musk trial to begin as soon as possible, arguing that the delay is damaging to the firm. It noted in a court filing that Musk has offered no guarantee that the trial will be finished in five days, as required by Delaware Court of Chancery judge Kathaleen McCormick (NYSE:MKC) (NYSE:MKC).


"Twitter asked for this assurance because it considers Musk's objective remains to postpone trial, making the Court's expedition decision impossible, and thereby avoid adjudication of his contractual commitments," according to a petition by Twitter.


Musk is the richest person in the world and the CEO of electric vehicle maker Tesla (NASDAQ:TSLA) Inc. His attorneys did not react to requests for comment.


Twitter also denied Musk's accusations that the corporation was unduly delayed in responding to his document demands. Twitter alleged that Musk is prolonging the process by refusing to react to the company's complaint, which would clarify the issues and any counterclaims he may raise.


The closing price for Twitter shares on Wednesday jumped by 1.3% to $39.85. Musk has agreed to acquire the company for $54.20 per share.