Interim RE market launched

The Philippine Electricity Market Corp. (PEMC) announced the successful launch of the interim commercial operations (ICOP) of the Renewable Energy Market (REM).

Facebook’s Meta posts first-ever revenue drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

Deal reached for generic drug to prevent HIV infection

A deal has been reached to allow for distribution of a low-cost generic version of a long-term preventative treatment against HIV in low-income countries where most of the world’s infections occur, Unitaid and the Medicines Patent Pool announced Thursday.