Summary: Meta, formerly known as Facebook, has reflected on its relationship to democracy in light of past scandals and lessons learned since the 2016 U.S. election interference. They have created an independent oversight board and emphasized the importance of standing by democratic principles. While not perfect, Meta's approach benefits the company and society. Wall Street Journal reported on Tesla sending a key executive back to China amid a decline in EV sales, and the U.S. Commerce Department revoking some export licenses to Huawei, leading the Chinese tech giant to return to the premium electronics market.
Full articleSummary: Prothena Corporation plc (NASDAQ:PRTA) reported financial results for the first quarter of 2024, including a net loss of $72.2 million. The company highlighted ongoing clinical programs and upcoming milestones in Alzheimer's disease, Parkinson's disease, neurodegenerative diseases, and rare peripheral amyloid diseases portfolio. Prothena also provided insights into its financial guidance for the year 2024.
Full articleSummary: DriveNets announced its Network Cloud solution now supports whiteboxes based on Broadcom's Qumran 2C+ ASIC for network edge use cases, offering substantial OpEx and CapEx reductions, network automation, and zero-touch provisioning functionality.
Full articleSummary: Walmart is expanding into financial services by offering BNPL options through its fintech One, potentially impacting dedicated fintechs like Affirm and Klarna. The move aims to deepen customer engagement, particularly targeting Gen Z and Millennials comfortable with digital-first solutions.
Full articleSummary: PayPal released their 2023 Global Impact Report highlighting their efforts in corporate sustainability and impact on global economy, as well as empowering individuals, businesses, and nonprofits. They provided access to $2.7 billion in capital to small- and medium-sized businesses and enabled customers to donate $20.9 billion to nonprofits worldwide in 2023. Additionally, they focused on fostering a collaborative environment for employee growth and expanding opportunities for underrepresented talent.
Full articleSummary: President Joe Biden announced a $3.3 billion investment by Microsoft to build an AI data center at the location in Racine, Wisconsin, where a Trump administration project involving Foxconn failed to materialize. Biden took shots at Trump's economic policies and promised to deliver on creating new jobs.
Full articleSummary: Barclays believes the selloff in Walt Disney shares was overdone post-earnings, optimistic about company's streaming results.
Full articleSummary: President Biden praises Microsoft's new $3.3 billion artificial intelligence center in Wisconsin, creating thousands of jobs and investing in workforce training programs.
Full articleSummary: Starbucks introduces new boba tea-style Summertime Refreshers beverages featuring fruity pearls and brings back the White Chocolate Macadamia Cream Cold Brew as part of its limited-time Summer menu revamp.
Full articleSummary: International Paper outbid Mondi to acquire DS Smith, valued at $7.2 billion, in a move to focus on corrugated packaging grades. DS Smith is a London-based packaging company specialized in manufacturing corrugated cartons, now a leading supplier of fiber-based products utilizing recycled and sustainably sourced fiber.
Full articleSummary: The U.S. Justice Department is opening a probe into Tesla's claims about self-driving developments, investigating potential securities or wire fraud. The probe could lead to criminal charges, civil sanctions, or no action at all. Tesla has not yet been found guilty of any wrongdoing.
Full articleSummary: Union Pacific announced a new intermodal service promising a three-day transit time between Southern California and Metro Chicago. The railroad aims to capture more over-the-road shipments and reduce greenhouse gas emissions.
Full articleSummary: FedEx cargo plane successfully touches down without landing gear and skids across runway, plane over nine years old.
Full articleSummary: Lockheed Martin has been granted patents related to digital rights management in Q1 2024, involving systems for managing digital media rights through encryption and attestation processes.
Full articleSummary: RTX filed ten patents in Q1 2024 related to big data, including technologies for applying security to messages over constrained bandwidth links, intelligent cabin management systems, improved predictive analytics, and flow analysis based on packet attributes. GlobalData's report offers a comprehensive view of RTX's patenting strategy.
Full articleSummary: Raytheon Technologies Corp filed 200 patents in Q1 2024, with a focus on the future of work, including innovations such as a toolpath generation method for engraving, a UV light floor covering for aircraft interiors, a fuse removal/installation tool, and more.
Full articleSummary: Lockheed Martin Corp. filed three patents in Q1 2024 related to cybersecurity, focusing on digital rights management and encryption techniques. The patents describe methods for secure data communication using Quantum Resistant Ledger (QRL) and blockchain technology.
Full articleSummary: Raytheon Technologies Corp (RTX) has been granted 13 patents in connectivity during Q1 2024. Notably, they have developed a photonic integrated circuit with an optical phased array and a gyroscopic sensor integrated within the circuit to sense movement. Another invention, CASPER-A system, uses spectrally-coded taggants for device authentication. RTX's patenting strategy is detailed in GlobalData’s report.
Full articleSummary: Raytheon Technologies Corp filed multiple patents for a biometric authentication system using headwear with biosensors and other security-related technology, which align with their strong presence in cybersecurity with 35 patents in Q1 2024.
Full articleSummary: Apple introduced its new M4 processor in the 2024 iPad Pro, showcasing enhancements in processing cores, graphics, neural engine, and display engine, potentially signaling its future integration in upcoming MacBooks as well.
Full articleSummary: Thieves targeted a woman's 2016 Hyundai Elantra due to high theft rates of certain Kia and Hyundai models, leading to insurance denial and costly repairs. A national Hyundai Kia theft consumer class action lawsuit has been preliminarily approved for potential reimbursement for physical damage.
Full articleSummary: Disney announced it will be rolling ESPN content into Disney Plus later this year, with live sports coming to the platform. This move is aimed at promoting both services and encouraging subscribers to sign up for multiple services.
Full articleSummary: IBM and SAP are collaborating on generative AI and cloud solutions for business customers, focusing on AI for vertical markets, building new capabilities for Rise with SAP, and developing data-driven use cases.
Full articleSummary: Boeing cargo plane lands at Istanbul airport without front landing gear, no one hurt. Incident happened during a flight operated by FedEx. Turkey's transport ministry is investigating the failure of the landing gear.
Full articleSummary: Citigroup is losing one of its three co-heads of mergers and acquisitions, Peter Tague, who helped Citi's M&A division rise in league tables.
Full articleSummary: Disney has received approval to expand its Southern California theme parks by redeveloping a large parking lot with new entertainment and rides, without increasing its geographic footprint. The plan requires Disney to invest at least $1.9 billion in the project over the next decade.
Full articleSummary: FedEx Freight, a unit of FedEx Corp., is closing seven service centers across the U.S. this year to align its freight network with forecasted demand.
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