1. 1-25 of 25
    1. Anthony Fauci Defended Deborah Birx After President Trump's Slamming Comments

      Anthony Fauci Defended Deborah Birx After President Trump's Slamming Comments

      Dr. Anthony Fauci came to the defense of White House COVID-19 czar Dr. Deborah Birx after President Donald Trump slammed her for acknowledging that the coronavirus is getting worse in the US.

      On Sunday, Birx said the US is entering a "new phase" of the coronavirus pandemic as some states see uncontrolled surges in cases by asymptomatic individuals.

      Her comments on the pandemic came after House Speaker Nancy Pelosi said the coronavirus czar "enabled" the president and has not done enough to confront his misguided claims about the coronavirus.

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      Mentions: Coronavirus
    2. Microsoft Continues to Talk Acquiring TikTok

      Microsoft Continues to Talk Acquiring TikTok

      Microsoft on Sunday announced it was still participating in talks to acquire US operations of the video app TikTok.

      The company said in the statement that it planned to complete these "discussions" with the app's parent company, ByteDance, by September 15.

      The announcement came after President Donald Trump told reporters aboard Air Force One that his administration would ban the Chinese-owned app because of security concerns, sparking panic among creators on the popular social-media platform.

      According to a Friday pool report, Trump said he had the authority to ban TikTok "with an executive order or that" — apparently referring to emergency economic powers. It's unclear how exactly he might try to ban the app.

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    3. Qualtrics to Go Public After 2018 Acquisition by SAP

      Qualtrics to Go Public After 2018 Acquisition by SAP

      Qualtrics was just days away from an IPO when SAP announced in November 2018 its intent to acquire the company at an $8 billion price tag. Now, it looks like Qualtrics will get a second shot at the public markets, as SAP announced on Sunday its plans to take the subsidiary public.

      While a timeline for that offering was not announced, SAP said that it will keep its majority stake in Qualtrics even after the IPO, and that Qualtrics CEO Ryan Smith will continue to helm the company out of its headquarters in Provo, Utah.

      "[We] decided that an IPO would provide the greatest opportunity for Qualtrics to grow the experience management category, serve its customers, explore its own acquisition ...

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    4. Study Shows School-Aged Children Are Most Likely to Spread Coronavirus

      Study Shows School-Aged Children Are Most Likely to Spread Coronavirus

      US school districts are facing tough decisions about resuming in-person classes this fall.

      The nation's daily coronavirus cases continue to climb, but the switch to remote learning has already stymied children's progress and led to higher rates of absenteeism — particularly among low-income students, who are more likely to lack internet access.

      Many questions remain about infection and transmission rates among kids, but a new study from South Korea found that school-aged children — ages 10 to 19 — are more likely to spread the coronavirus to their household contacts than any other age group.

      The study was conducted from January 20 to March 27, when schools in South Korea were closed. The researchers traced the contacts of more than 5 ...

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      Mentions: Coronavirus
    5. US Sets Record Number of Daily COVID-19 Cases

      US Sets Record Number of Daily COVID-19 Cases

      The United States surpassed it's single day new coronavirus cases record on Thursday with more than 75,000 according to a New York Times database. According to Johns Hopkins University's data, the number of new cases over a 24-hour period was 68,428 — which is also a record by their count.

      According to The Times, some numbers have yet to be announced. Less than a month ago on June 24, the record was 37,014 cases but that number has since almost doubled and the record has been broken 11 times in the past month. 

      On Thursday morning, the country surpassed 3.5 million infections, the highest out of any country, Al Jazeera reported. According to data from ...

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      Mentions: Coronavirus
    6. First Confirmed Case of Coronavirus in the Womb Recorded

      First Confirmed Case of Coronavirus in the Womb Recorded

      Doctors in France have reported what they say is the first confirmed case of a child contracting the coronavirus from their mother while still in the womb. The case was the subject of a paper titled "Transplacental transmission of SARS-CoV-2 infection," published Tuesday in the peer-reviewed journal Nature Communications. Details of the paper were first reported by The Guardian.

      Until now, there has been limited evidence suggesting that a child could catch the coronavirus from inside the womb, but the paper's authors, from the Antoine Béclère hospital, in Paris, confirmed "transplacental transmission of SARS-CoV-2" was possible.

      They said a 23-year-old woman was admitted to the hospital with a fever and cough on March 24 when she was ...

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      Mentions: Coronavirus
    7. Fauci Bluntly Reports Failures in US Coronavirus Response

      Fauci Bluntly Reports Failures in US Coronavirus Response

      Top US infectious disease expert Dr. Anthony Fauci gave a blunt assessment of how the United States is handling the coronavirus pandemic compared to other countries.

      Some cities, he said, were following the guidelines and controlling their outbreaks. "But as a country, when you compare us to other countries, I don't think you can say we're doing great," Fauci told the FiveThirtyEight podcast. "I mean, we're just not." Part of that has to do with how states, cities, and their populations have responded to the pandemic, he said, whether that was opening up too quickly or ignoring social distancing guidelines and calls to wear masks.

      In another interview, Fauci also discussed the particular conditions of the virus ...

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    8. Trump Claims School Closures Are for Political Reasons, Pushes Reopening

      Trump Claims School Closures Are for Political Reasons, Pushes Reopening

      President Donald Trump has pushed back at states considering keeping schools closed in the fall, describing such a move as "political" and saying it goes against the will of parents and students. 

      During White House discussions on Tuesday on how to safely reopen America's schools, Trump insisted that everyone was in favor of plans to send children back to school in September, despite the alarming rise in the number of new coronavirus cases across the US. "We want to reopen the schools," Trump said. "Everybody wants it. The moms want it, the dads want it, the kids want it. It's time to do it."

      Trump touted a declining number of coronavirus deaths, higher rates of testing, and a ...

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      Mentions: Coronavirus
    9. Apple and T-Mobile Face Lawsuit Over Exposed iMessages and FaceTimes

      Apple and T-Mobile Face Lawsuit Over Exposed iMessages and FaceTimes

      Apple and T-Mobile are facing a class action lawsuit over allegations that their failure to disclose a security issue that made it possible for third parties to access messages and video calls sent through Apple's iMessage and FaceTime apps jeopardized consumer privacy.

      The plaintiffs, Tigran Ohanian and Regge Lopez, say Apple misled customers by promoting the security of its products without disclosing a vulnerability that made it possible for strangers to access iMessage and FaceTime interactions.

      The complaint was filed on July 6 in the United States District Court for the Southern District of New York. Apple Insider and Bloomberg Law first discovered the complaint.

      The complaint refers to an issue that prompted an Apple ID — the account required ...

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    10. US Coronavirus Cases Top 50,000 in Single Day

      US Coronavirus Cases Top 50,000 in Single Day

      The US on Wednesday recorded 50,000 new daily coronavirus infections, according to a tally by The Washington Post.

      According to The Post, the US recorded 52,770 cases on Wednesday, the first time it has surpassed 50,000 new daily cases. Texas, Arizona, California, North Carolina, and Georgia all reported record numbers of new infections, contributing to the national swell. Several states are reporting spikes in the numbers of hospitalizations and positive coronavirus tests as the country begins to lift lockdown measures, according to The Post. 

      According to Johns Hopkins University data, the US reported 46,853 new daily cases on Wednesday — less than the number reported by The Post but still a record high.

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    11. Microsoft to Acquire Security Startup CyberX

      Microsoft to Acquire Security Startup CyberX

      Microsoft announced Monday that it's acquiring startup CyberX to help customers secure their connected devices.

      Connected gadgetry, known collectively as Internet of Things (IoT) devices, are frequently used in sectors including manufacturing, energy, agriculture, healthcare, automotive, and the like. CyberX helps users with securing IoT devices and monitoring for threats. It had raised a total of $47.82 million, according to PitchBook.

      The terms of the deal were not enclosed, but reports put it in the range of $165 million. We've reached out to Microsoft for more information.

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    12. Amazon Ends $2 Hazard Pay Rise for Warehouse Workers While CEO's Fortune Nears $150 Billion

      Amazon Ends $2 Hazard Pay Rise for Warehouse Workers While CEO's Fortune Nears $150 Billion

      The coronavirus pandemic is not over, but Amazon this week ended some of the emergency incentives it introduced to encourage its 250,000 warehouse staffers to come into work.

      The retail giant initially struggled to cope with a sudden spike in online orders brought on by coronavirus lockdowns around the world, and during its first-quarter earnings call the company announced it had seen its highest sales growth in over three years. But three months into lockdown, Amazon seems to have gotten a handle on its operations. 

      As its supply chain steadies, the company is reversing policies introduced earlier in 2020 to protect its workers from the coronavirus fallout. Even as these measures fall away, the virus continues to spread inside ...

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      Mentions: Coronavirus
    13. LMVH's $16.2 Billion Aquisition of Tiffany & Co Becomes Less Certain Amid Pandemic

      LMVH's $16.2 Billion Aquisition of Tiffany & Co Becomes Less Certain Amid Pandemic

      French luxury goods group LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the US market brought on by a global pandemic and severe social unrest, fashion trade publication WWD reported on Tuesday.

      Tiffany's shares closed down nearly 9% after the news.

      LVMH's board called a meeting in Paris on Tuesday night to discuss the matter, WWD reported, citing sources.

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    14. Car-Rental Giant Hertz is Reportedly Preparing for a Potential Bankruptcy

      Car-Rental Giant Hertz is Reportedly Preparing for a Potential Bankruptcy

      Car-rental company Hertz is preparing for a potential bankruptcy filing, The Wall Street Journal reported Wednesday, as the coronavirus pandemic brings nearly all travel to a standstill.

      People familiar with the matter told the paper that Hertz is working to reduce its debt payments and is in talks on a forbearance agreement that could help it avoid bankruptcy. The situation remains fluid, according to the Journal's sources.

      Shares of Hertz declined more than 15% in trading Wednesday, as broader indices rose, following The Wall Street Journal's report. 

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      Mentions: Coronavirus
    15. JCPenney Misses $12M Payment Amid Bankruptcy Reports

      JCPenney Misses $12M Payment Amid Bankruptcy Reports

      JCPenney said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after Reuters reported the department store operator was considering filing for bankruptcy protection.

      In a regulatory filing, the company said it had a 30-day grace period to make the payment, on Senior Notes maturing in 2036, that was due on Wednesday, before it constitutes a default.

      The 118-year-old company, which was already grappling with competition from online and off-price retailers, has taken a severe hit from the coronavirus crisis. It recently shut its 850 department stores, furloughed some employees and slashed spending.

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      Mentions: Coronavirus
    16. Trump Administration Postpones Many Immigration Hearings, But Courts Remain Open

      Trump Administration Postpones Many Immigration Hearings, But Courts Remain Open

      All hearings for immigrants who are not currently detained, including asylum-seekers, have been further postponed until May 1, the US Department of Justice said Monday. 

      Hearings for non-detained persons had previously been set to resume April 13. 

      The announcement, made in a tweet, falls short of increasingly loud demands — from judges, prosecutors, lawmakers, and public health experts — to completely shut down the nation's immigration courts during the pandemic.

      An immigration judge in San Francisco last week told Business Insider that little has been done to increase safety for those in her courtroom, which she has asked to be closed.

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    17. Snapchat's Parent Company Agreed to $187.5M Settlement in Class Action Lawsuit

      Snapchat's Parent Company Agreed to $187.5M Settlement in Class Action Lawsuit

      Snap, Snapchat's parent company, said Tuesday that it had signed a preliminary agreement to pay $187.5 million to settle a class action lawsuit filed against the company in 2017 by investors following its initial public offering.

      Snap had signed a preliminary deal to settle the case in January. However, when Snap reported quarterly earnings on Tuesday evening, it also shared the financial details of the settlement for the first time. Judging from the language Snap used in describing it, it seems that the settlement is awaiting court approval to finalize.

      Notably, Snap said in its earnings report that it had "recorded legal settlement expense, net of amounts directly covered by insurance, of $100.0 million," seeming to indicate ...

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    18. Walmart truck drivers in CA win $55M for unpaid rest breaks

      Walmart truck drivers in CA win $55M for unpaid rest breaks

      A three-judge panel for the Court of Appeals for the Ninth Circuit affirmed a $54.6 million jury win for Walmart's truck drivers in California.

      The retail giant is also a trucking giant; it maintains its own private fleet of 9,000 truck drivers. These truck drivers are also famously well-compensated; the median salary for Walmart truckers is around double that of the national median.

      Still, the Ninth Circuit, which is based in San Francisco and oversees much of the Western US, says Walmart violated the law when it didn't pay truck drivers for rest breaks. 

      America's 1.8 million long-haul truck drivers spend weeks away from home — sleeping, eating, and working in their trucks. They're ...

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    19. The biggest retail bankruptcies of the last decade

      The biggest retail bankruptcies of the last decade

      RadioShackAmerican Apparel, Borders, BlockbusterSears and Forever 21 are among the dozens of retailers that filed for bankruptcy over the last decade amid colossal changes in Americans' consumption habits

      Many of these bankruptcies resulted in mass store closures that have helped send hundreds of shopping malls into years-long downward spirals, from which some malls never recovered. 

      Some retailers emerged from bankruptcy with smaller physical footprints, while others ended up liquidating entirely. 

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    20. LVMH will buy Tiffany for $16.2B

      LVMH will buy Tiffany for $16.2B

      LVMH confirmed Monday that it would acquire the US jewelry chain Tiffany & Co. for about $16.2 billion. This is LVMH's most expensive luxury acquisition ever; the luxury conglomerate said it agreed to $135 a share in cash for Tiffany.

      LVMH's portfolio consists of 75 brands including Christian Dior, Louis Vuitton, and Hennessy.

      This new acquisition gives the Europe-headquartered LVMH greater exposure to the US market (44% of Tiffany's sales are made in the US, Canada, and Latin America) and should help it to become a bigger player in fine jewelry, an area where analysts say it is lacking.

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    21. GOP senator blocked gun-control bill during California school shooting

      GOP senator blocked gun-control bill during California school shooting

      As news started to break about a shooting at a Santa Clarita, California, high school, the Senate was in the middle of debating legislation for universal background checks on all gun purchases that passed in the Democratic-led House earlier this year.

      But a lone GOP senator squashed all consideration on behalf of Republicans, as the shooting was unfolding halfway across the country.

      The legislation had passed the House in February. It was the first major gun-control legislation passed in over two decades. It would require universal background checks for all purchases and close loopholes for sales at gun shows and online.

      After Democratic Sen. Chris Murphy of Connecticut requested the House gun-control bill be passed by unanimous consent — a roll-call ...

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    22. 'Never Trump' Republicans: Is the GOP is worth saving?

      'Never Trump' Republicans: Is the GOP is worth saving?
      • The three Republicans challenging Trump for their party's nomination have a problem, which is that Trump's approval rating among GOP voters is steadfastly over 90 percent. 
      • Former Gov. Bill Weld of Massachusetts, former Rep. Joe Walsh of Illinois, and former governor and congressman Mark Sanford of South Carolina are each running because they think the president is unfit.
      • But most of Trump supporters don't care. For them, the Republican Party was merely a vessel to get their man in power, where he would unapologetically savage their enemies.
      • At Business Insider's GOP debate last week, both Weld and Walsh admitted that they originally found Trump's style of anti-political correctness appealing. 
      • Anti-Trump dissidents might be better off ...
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      Mentions: Massachusetts
    23. NRA, Trump discussed trading cash for opposing gun control

      NRA, Trump discussed trading cash for opposing gun control
      • President Donald Trump met with National Rifle Association chief Wayne LaPierre and discussed how the NRA could help Trump fight impeachment and also asked him to back off gun reform.
      • The Times reported that LaPierre offered "financial support for the president's defense" and asked Trump to "stop the games" on gun-control legislation.
      • The impeachment inquiry centers around a whistleblower complaint from an intelligence officer who wrote that Trump was "using the power of his office to solicit interference from a foreign country in the 2020 US election."
      • Despite the fact that expanding universal background checks to all private gun sales regularly earns over 90% support among Republicans, LaPierre has been remarkably effective at encouraging Trump not to back gun ...
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      Mentions: gun control
    24. Billionaire says Jeffrey Epstein misappropriated $46M from him

      Billionaire says Jeffrey Epstein misappropriated $46M from him
      • Victoria's Secret billionaire Leslie Wexner says the disgraced financier Jeffrey Epstein "misappropriated vast sums of money" from Wexner's fortune while serving as his financial adviser.
      • Wexner was one of Epstein's few known clients, and observers say Epstein's success could largely be credited to his decades-long relationship with the high-powered billionaire.
      • While the two had previously been described as "close personal friends," Wexner last month said that he "regretted" ever crossing paths with Epstein and that he "completely severed" all ties with Epstein 12 years ago.
      • Epstein was arrested last month and charged with sex trafficking and conspiracy to commit sex trafficking. He has pleaded not guilty. If convicted, he faces up to 45 years in prison.
      Read Full Article
    25. Astronaut Mark Kelly Calls for Stricter Gun Safety Laws

      Astronaut Mark Kelly Calls for Stricter Gun Safety Laws
      • Former NASA astronaut Mark Kelly is running for a Senate seat in Arizona.
      • He is married to former Arizona Rep. Gabby Giffords, who was shot in the head at a "Congress on your corner" event in 2011.
      • Kelly says he owns "more firearms than your average Arizonan," and believes in the right to bear arms, but he said "we could do things to keep people safer."
      • About 40,000 people are killed by guns every year in the US.
      Read Full Article
    1-25 of 25
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