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QR codes: A viral technology 28 years in the making

QR codes: A viral technology 28 years in the making

QR codes have thrived in the pandemic, evidenced by Coinbase's Super Bowl ad last Sunday, which featured nothing but a bouncing QR code — and crashed the app because it was so popular.

The small square barcodes have seen a surge in usage around the world for important travel documents, COVID tracking or just to open up the menu at a now paperless restaurant. One Irish man even got a QR code inked on his arm - a personal link to whatever he wants it to be. But QR codes are hardly a new technology.

Don't call it a comeback

QR codes are actually almost 28 years old, invented by Japanese automotive company Denso Wave back in 1994 to streamline their manufacturing process.

Although their adoption was slow in western countries before the pandemic, they have long been used in Asia. In China, there's reportedly a QR code for just about everything, but they are most synonymous with payments. More than 90% of mobile payments in China are made on WeChat or AliPay, both of which rely on QR codes in some format.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Handshake

Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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