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Pharma giant Bayer will buy U.S. biotech company Asklepios BioPharmaceutical for $4 billion as it forges deeper into gene therapy.Ludwig Burger reported the news for Reuters:Bayer BAYGn.DE agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of modified viruses.Germany’s Bayer will pay $2 billion upfront and up to an additional $2 billion in milestone payments contingent on development achievements, it said on Monday.Nick Paul Taylor from Fierce Biotech wrote:Asklepios, known as AskBio, is a veteran of the gene therapy space. Jude Samulski, a pioneer…

Nokia Threat Intelligence Report warns of rising cyberattacks on internet-connected devices Report also highlights role of numerous COVID-19-themed cybercriminal campaigns aimed at exploiting user data Cyberattacks on internet-connected devices continue to rise at an alarming rate due to poor security protections and cybercriminals use of automated tools to exploit these vulnerabilities, according to the latest Nokia Threat Intelligence Report. The report found that Internet-connected, or IoT, devices now make up roughly 33% of infected devices, up from about 16% in 2019. The report’s findings are based on data aggregated from monitoring network traffic on more than 150 million devices globally…

Valerie BaumanBloomberg Law senior legal reporter Valerie Bauman will become a senior investigative reporter for Bloomberg Industry Group starting next week.She had been covering health care and pharmaceutical issues. She previously covered immigration, jobs and the economy for The Daily Mail, where she has been for the past year.Bauman previously joined Newsday in September. 2014 and covered the town of Islip. Before that, she worked at the Puget Sound Business Journal covering health care policy and the marijuana industry.Before joining the American City Business Journals paper, Bauman worked for the Weber Shandwick public relations firm for 17 months.She formerly reported for five years for the Associated Press in…

After water and gas meters, LoRaWAN® is now available for smart electricity meters. This is made possible thanks to SCHC compression and fragmentation (IETF RFC 8724). This new standard technology initiated by the co-founders of Acklio is central to their software offering. SCHC allows the communication of devices using IP-based protocols over LPWAN networks. It thus enables high value-added use cases on constrained IoT networks. Among them is DLMS/COSEM (IEC 62056, EN13757-1), the global standard for smart energy metering which new profile for LoRaWAN leverages SCHC as an adaptation layer. As an outcome of its collaboration with Acklio, Kaifa introduces…

Purdue Pharma has pleaded guilty to charges of marketing and distributing OxyContin and will pay more than $8 billion to settle with the Department of Justice.Sara Randazzo reported the news for the Wall Street Journal:Purdue Pharma LP agreed to plead guilty to three felonies related to its marketing and distribution of powerful painkiller OxyContin, as part of an $8.34 billion settlement that caps yearslong federal investigations into tactics the government said helped fuel the opioid crisis.Reuters’ Mike Spector wrote:Purdue agreed to pay $225 million toward a $2 billion criminal forfeiture, with the Justice Department foregoing the rest if the company…

By Ludovic F. Rembert, Head of Research at Privacy Canada. While ransomware has been grabbing all the headlines, botnets have continued to grow with much less publicity. That may be about to change as cyberattackers are now using botnets to wipe all data from internet-connected devices. This includes routers, servers, and IoT devices. Businesses and individuals need to be aware that any internet-linked device is potentially vulnerable to cyberattacks. As IoT devices often have proprietary firmware, they may be more of a challenge to attack than computers and standard mobile devices. Their security can, however, be compromised by default/weak passwords.…

Some of Tuesday’s top business news stories:Associated PressDeadline looms, but COVID relief deal may be far off, by Andrew TaylorUK, EU inch toward more Brexit talks but hurdles remain, by Jill LawlessCNNAmerica’s jobs market is in crisis — no matter who wins the election, by Anneken TappeTSA tops 1 million passenger screenings for the first time since March, by Jazmin GoodwinThe Wall Street JournalIntel Enters Deal to Sell NAND Memory Unit to SK Hynix, by Cara Lombardo, Dana CimillucaFarmers Stick With Trump, Despite Trade-War Pain, by Jacob BungeCNBCUBS reports its best third quarter for a decade, with a 99% hike…

Packetworx addresses COVID-19 concerns with new applications to measure power supply and deliver remote diagnostics to high-value assets. Semtech Corporation announced it has developed with Packetworx, the premier Internet of Things (IoT) solution provider in the Philippines, a new automated packetSENSE Current Clamp electricity monitoring solution and packetSWITCH remote rebooting device based on the LoRaWAN® protocol. “The LoRaWAN protocol offers the essential building blocks for developers and system integrators to quickly and cost-effectively create solutions to combat the challenges created by the COVID-19 pandemic,” said Arnold Bagabaldo, Founder and CEO at Packetworx. “Packetworx is stepping up to meet the needs…

Catherine NgaiBloomberg News reporter Catherine Ngai is moving to Hong Kong to join its China markets teamShe has been in New York for Bloomberg since May 2018 covering energy markets and commodities.Ngai previously worked at Reuters, where she  covered Wall Street banks, namely Morgan Stanley and Goldman Sachs. Before that, she was an energy reporter at Reuters covering the cash crude market as well as oil derivatives.Before joining Reuters, she spent three years covering the steel industry for American Metal Market.Ngai is a graduate of the University of Toronto and holds a master’s degree in journalism from Northwestern University.

Smart IoT networks, based on LoRaWAN technology powered by Everynet, will be deployed across Cellnex’s extensive network of telecommunications infrastructures A large variety of IoT solutions will be deployed on these networks to drive enhanced connectivity in key sectors such as the utilities, agriculture, transportation and manufacturing, as well as Smart Cities Telecommunications infrastructure operator Cellnex Telecom and Everynet, a leading provider of IoT connectivity services, have reached an agreement to jointly promote the roll-out of new Internet of Things (IoT) networks in Italy, the United Kingdom and Ireland. These IoT networks, based on LoRaWAN technology, will be deployed on…

Some of Friday’s top business news stories:Associated PressUS jobless claims rise to 898,000 with layoffs still high, by Christopher RugaberGM to run robot cars in San Francisco without human backups, by Tom KrisherCNNFisker finds a partner to make its electric Ocean SUV, by Peter Valdes-DapenaRobinhood says a ‘limited number’ of accounts were recently hacked, by Clare DuffyThe Wall Street JournalSenate to Subpoena Twitter CEO Over Blocking of Disputed Biden Articles, by Siobhan HughesFirms Like Dow Bet Billions on Plastics. Now There’s a Glut., by Collin Eaton, Saabira ChaudhuriCNBCBiden tax plan gives $620 tax cut to middle class, new study says,…

Kaleido Intelligence’s Roaming Data Hub – Q3 2020 predicts a substantial increase in cellular IoT roaming traffic over the next 5 years, as companies across several market verticals look to accelerate their digitisation strategies. IoT Roaming Traffic to Rise from 127 Petabytes in 2020 to Over 560 Petabytes in 2025 COVID-19 has had a significant impact on businesses throughout the world due to social distancing, border closures and supply chain bottlenecks. This has led to a temporary contraction in investment. The IoT industry has not escaped from this: Kaleido predicts that total cellular IoT connections in 2020 will increase by only 9%…

Some of Wednesday’s top business news stories:Associated PressLandlords are getting squeezed between tenants and lenders, by Anne D’InnocenzioJPMorgan, Citi profits improve amid signs of recovery, by Ken SweetCNNIMF cuts its global economic forecasts for 2021 and warns of ‘long, uneven’ recovery, by Julia HorowitzThousands of workers petition Amazon for paid time off to vote, by Sara O’BrienThe Wall Street JournalTheater Chain AMC Says It Could Run Out of Cash by Year-End, by Matt Grossman, Alexander GladstoneBoeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules, by Josh Zumbrun, Daniel MichaelsCNBCDelta posts another massive loss, warns recovery could…