VMware (VMW) shares experienced a sharp decline, plummeting by 11.6% in early Tuesday trade. This significant drop is attributed to rising speculations surrounding China’s review of VMware’s monumental sale to Broadcom (AVGO). The stock market also witnessed a decline in AVGO shares by more than 3%. China’s Regulatory Review While the proposed remedy for the … Read more
WPP, the world’s leading advertising group, has announced a groundbreaking decision to merge two of its powerhouse creative agencies, Wunderman Thompson and VMLY&R. This strategic move is aimed at streamlining its operations and enhancing its service offerings. The New Face of Advertising – VML The newly formed entity will be christened as VML and is … Read more
Attackers have taken advantage of a critical zero-day vulnerability to compromise and infect thousands of Cisco IOS XE devices. The vulnerability, identified as CVE-2023-20198, has been extensively exploited, particularly targeting Cisco IOS XE routers and switches that have the Web User Interface (Web UI) feature enabled. These devices also had the HTTP or HTTPS Server … Read more
In a recent development, Choice Hotels has made a bold move by proposing to acquire Wyndham Hotels and Resorts in a deal valued at approximately $7.8 billion. This cash and stock transaction is set to pave the way for the creation of a dominant U.S. budget hotel conglomerate. The rising demand for budget-friendly hotels, such … Read more
The Biden administration has unveiled plans to halt shipments of advanced artificial intelligence chips, specifically designed by Nvidia and other tech giants, to China. This move is a strategic effort to prevent Beijing from leveraging cutting-edge U.S. technologies to bolster its military prowess. Impact on Nvidia’s H800 and A800 Chips Nvidia, a leading AI chip … Read more