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Top CDC official says US should prepare for coronavirus 'to take a foothold'
"At some point, we are likely to see community spread in the U.S. or in other countries," Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases, told reporters on a conference call. "This will trigger a change in our response strategy."
Mes…
Barclays reveals its CEO is being probed over links to Jeffrey Epstein
Media reports over the last six months had indicated historical ties between Staley and Epstein. According to Barclays on Thursday, Staley developed a "professional relationship" with Epstein earlier in his career, but they had no contact since Staley joined the British bank in 2015.
"As…
Novacyt shares jump 32% on launch of coronavirus test
The test has been developed as a direct response to the recent outbreak of the new strain of coronavirus, which originated in the Chinese city of Wuhan and has now spread worldwide, leading the World Health Organization (WHO) to declare a global health emergency.
The death toll has now h…
Climate experts demand world leaders stop 'walking away from the science'
"Scientists want to make clear that every single policy, business and investment decision worldwide must follow the path that gives the world a fighting chance of limiting global warming to 1.5ºC and lead to the most livable future possible," organizers of the Unite Behind The Science campaign s…
Microsoft is bringing out the big guns against Slack with new global ad campaign for Teams
A new global ad campaign from Microsoft will aim to sell "The Power of Teams," juxtaposing old-school conference room meetings, complete with packets of printed-out charts and spilled coffee as phones are passed, versus what the company pitches as a new way of working. The company worked with it…
Apple refuses government's request to unlock Pensacola shooting suspect's iPhones
Apple disputed Attorney General William Barr's assessment that it has failed to provide law enforcement with "substantive assistance" in unlocking the password-protected iPhones used by the shooting suspect at a Navy base in Pensacola, Florida, last month, but still refused his main request to p…
Disney won at the box office in the last decade. Now it wants to conquer streaming
The entertainment giant's success dates back to a series of strategic acquisitions over the past decade that set Disney up to win in movie theaters and beyond. In 2009, the company bought Marvel for $4.3 billion in a bid to widen its entertainment assets with comic book characters such as Iron M…
The Vatican is using donations for the poor to fight its budget deficit, report says
About two-thirds of the rest of the $55 million in donations for Pope Francis' annual charitable appeal, known as Peter's Pence, is used to fill the Vatican's administrative budget deficit, The Wall Street Journal reported in an article Wednesday, citing sources familiar with the spending.
…Silicon Valley giants accused of avoiding over $100 billion in taxes over the last decade
Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are sometimes collectively referred to as the "Silicon Six."
It looked at ta…
Twitter bans political ads after Facebook refused to do so
The move sets Twitter in stark contrast to Facebook, which has received criticism from lawmakers and its own employees in recent weeks over its policy to neither fact check nor remove political ads placed by politicians. Facebook has argued it should not be the one to make decisions about its us…
House Democrats set vote on impeachment procedure amid Republican criticism
"This resolution establishes the procedure for hearings that are open to the American people, authorizes the disclosure of deposition transcripts, outlines procedures to transfer evidence to the Judiciary Committee as it considers potential articles of impeachment, and sets forth due process rig…
SoftBank is in talks with JP Morgan on WeWork bailout as cash is expected to dry up by mid-November
Without additional funding, WeWork is poised to run out of cash by mid-November, said the sources, who asked not to be named because the discussions are confidential. SoftBank and J.P. Morgan have been seeking an emergency solution in the two-plus weeks since WeWork withdrew its IPO filing, with…
Most Netflix subscribers won't leave for Disney's or Apple's services, survey finds
"Our survey suggests that the majority (~75%) of Netflix subscribers do not intend to subscribe to either Disney+ or Apple TV+. For those that do expect to use one of these offerings, the vast majority expect to also maintain their Netflix subscription," Piper Jaffray analyst Michael Olson said.…
House Democrats subpoena Trump lawyer Rudy Giuliani in impeachment probe
Three Democratic-led panels — the Intelligence, Oversight and Foreign Affairs committees — are demanding that Giuliani produce all text messages, phone records and other communications related to the "scheme" he is accused of perpetrating "in order to determine the full extent of this effort by …
Tesla violated labor laws by blocking union organizing, judge rules
Tesla must reimburse workers after unfairly preventing employees from unionizing, a judge ruled in a National Labor Relations Board complaint Friday, Bloomberg reported.
Dollar General and Dollar Tree fined $1.2 million for selling expired drugs, NY AG says
The investigation also called out Family Dollar, which was acquired by Dollar Tree in 2015. All the chains sold expired over-the-counter drugs, while Dollar General was fined for selling motor oil unsuitable for modern cars; Dollar Tree also violated New York's bottle deposit law, law enforcemen…
Dow plummets more than 600 points after Trump orders US manufacturers to leave China
Trump tweeted on Friday: "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..your companies HOME and making your products in the USA." However, it is not clear how much authority the president has on this front.
…
Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens
Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Customers won't pay anything for the device, but will commit to spending $10 a month for a year of prem…
Amazon executives gave campaign contributions to the head of congressional antitrust probe two months before July hearing
Over a three-week period starting in late May, five senior executives from Amazon made individual contributions to Rep. David Cicilline, the Democrat from Rhode Island who's leading the House antitrust investigation into major tech companies, public filings show. Cicilline became the chairman of…
Corporate profits have soared and workers from Amazon to United Airlines are now demanding their cut
Now, across the U.S., workers who assemble cars, fly planes, prepare airplane food, clean hotel rooms and stock grocery store shelves, just to name a few — many of them unionized employees in the middle of contract talks — are determined to get a bigger cut of the spoils.
The contracts c…
Bill Gates says Steve Jobs was a master at 'casting spells' to keep Apple from dying
While it's really easy to imitate the bad parts of Steve, Gates said, "I have yet to meet any person who in terms of picking talent, hyper-motivating that talent," who could match him. "He brought some incredibly positive things along with that toughness."
Since Jobs' passing, leadershi…
Apple CEO Tim Cook: Technology companies need to take responsibility for chaos they create
"Lately it seems this industry is becoming better known for a less noble innovation – the belief you can claim credit without accepting responsibility," Cook said. "We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning…
Colorado passes $1 billion in marijuana state revenue
Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.5 billion at the end of May, according to just-released monthly data from the state. And the state's revenue from adult-use marijuana sales has accelerated.…
Drinking 25 cups of coffee a day is still safe for the heart, study says
Previous studies have linked drinking coffee with a hardening of the arteries that pump blood from your heart to other parts of the body. If arteries become stiff, it can increase stress on the heart and raise a person's chance of having a heart attack or stroke.
"This research will hope…
Trump says US will impose 5% tariff on all Mexican imports from June 10
The U.S. will impose a 5% tariff on all Mexican imports from June 10 — and duties of up to 25% will be added in the coming months if Mexico does not take action to "reduce or eliminate the number of illegal aliens" crossing into the U.S., the White House said Thursday.
"If the illegal m…