Business Related

Business News – 09-08-2021

Khosla Ventures investment into Rocket lab came from $28 million to $1.7 billion

  • According to an SEC disclosure on September 7, from between 2013 and 2020, Khosla Ventures had invested $28.2 million into Rocket lab through several funding rounds
  • The firm now holds over 115 million shares of Rocket Lab’s stock which is worth $1.67 billion at the September 7 closing price

WHO urges world leaders to stop Covid booster administration until the end of 2021

  • According to the World Health Organization, they have called on world leaders to start a Covid-19 booster moratorium until the end of 2021
  • About 5.5 billion vaccine doses have been administered globally, but 80% have been given out in high or upper-middle-income countries

Success of Shang-Chi debut gives an encouraging sign for the future of the box office

  • With total box office earnings of $75.5 million over September 3, 4, and 5, Disney’s “Shang-Chi and the Legend of the Ten Rings” has given the movie industry confidence in recovering from pandemic losses
  • The success of the film had also urged Sony to push its release of “Venom: Let There Be Carnage” to October 1 from October 15

K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.

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