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6:33 a.m. March 4, 2021 - By Tomi Kilgore
Moderna, IBM explore blockchain tech, AI to support 'smarter' management of COVID-19 vaccinesModerna Inc. and International Business Machines Corp. announced Thursday plans to work together to find technologies to support "smarter COVID-19 vaccine management." The technologies the companies will explore include artificial intelligence, blockchain and hybrid cloud, the companies said. "Moderna is committed to working with a coalition of partners to increase education and awareness of the importance of vaccination to help defeat COVID-19," said Michael Mullette, a managing director of North America commercial operations at Moderna. "We look forward to working with IBM to apply digital innovations to build connections between organizations, governments, and individuals to instill confidence in COVID-19 vaccines." Moderna's stock rose 1.6% in midday trading and IBM shares fell 0.7%, while the Dow Jones Industrial Average gained 118 points, or 0.4%. Moderna currently has one of three COVID-19 vaccines granted emergency use authorization by the Food and Drug Administration, the others being from Pfizer Inc. and BioNTech SE and Johnson & Johnson .
10:03 a.m. Nov. 27, 2020 - By Ciara Linnane
U.S. sets record of more than 90,000 COVID-19 patients in hospitals and health-care workers warn situation is dire CDC model estimates that true U.S. case tally was close to 58 million through September and is closer to 100 million now The U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Thanksgiving Day, with more than 90,000 Americans in U.S. hospitals, the most since the start of the pandemic.
1:10 p.m. Sept. 29, 2020 - By Jon Swartz
VMware, Nvidia forge partnership to make AI chips easier for business useVMware Inc. and Nvidia Corp. on Tuesday announced a partnership to make VMware's software for managing data centers work more smoothly with Nvidia's artificial intelligence chips. The companies said they would give some customers early access to the technology but did not say when it would go on sale. For years, much of VMware's work focused on making software work better with processors from Intel Corp. , which had a dominant market share of data centers. Separately, VMware said it plans to acquire SaltStack Inc., which builds intelligent, event-driven automation software. Terms were not disclosed. "Nvidia has exploded on the scene, and today there are a whole bunch of AI use-case scenarios," VMware Chief Operating Officer Sanjay Poonen told MarketWatch. "We finally believed it was best for us and our customers to [team with Nvidia], and extend the work we've already done with them." He said the deal with Nvidia expands its total-available market and does not undercut its relationship with Intel.
6:08 a.m. Sept. 15, 2020 - By Ciara Linnane
IPO market gears up for busiest week since May 2019 — when Uber went public — with 12 deals on tap Cloud company Snowflake is expected to raise up to $3.08 billion in biggest-ever software IPO and biggest deal of the year so farThe U.S. initial-public-offering market is gearing up for its busiest week in a year and a third, with a dozen deals expected to raise $6.8 billion.
6:17 a.m. Sept. 12, 2020 - By Nicolas Vega
China would rather see TikTok banned than sold to US company The video platform’s Beijing-based parent, ByteDance, has been in discussions to sell its US business after Trump ordered TikTok banned if deal not reached by mid-September
10:36 a.m. Sept. 10, 2020 - Associated Press
Russian military intelligence unit again targeting Democrats ahead of November presidential election, says Microsoft State-backed group known as Hurricane Panda ‘appears to have indirectly and unsuccessfully’ targeted the Biden campaign through non-campaign email accounts belonging to people affiliated with it, says MicrosoftState-backed group known as Hurricane Panda ‘appears to have indirectly and unsuccessfully’ targeted the Biden campaign through non-campaign email accounts belonging to people affiliated with it, says Microsoft.
3:29 a.m. Aug. 26, 2020 - By Jeremy C. Owens
Palantir plans to go public as it moves away from reliance on government work Company that has generated controversy for work with governments says private sector now accounts for more than half its customersPalantir Technologies Inc. has created controversy by selling its data software to militaries and other enforcement agencies for years, but it has the private sector to thank for revenue growth that is now expected to bring the company to Wall Street.
4:53 a.m. Aug. 12, 2020 - Associated Press
Media mogul Sumner Redstone dies at 97 Redstone built a media empire from his family’s drive-in movie chainSumner Redstone, who built a media empire from his family’s drive-in movie chain, has died. He was 97.
3:55 a.m. Aug. 8, 2020 - By Mark Hulbert
Beware of companies trying to sell you their stock at today’s high prices Net equity issuance is about to smash records, and that’s a red flagNet equity issuance is about to smash records, and that’s a red flag, writes Mark Hulbert.
8:20 a.m. Aug. 4, 2020 - By Jon Swartz
Antitrust questions bruise but don’t break Big Tech CEOs in historic hearing After three hours of questions, expert calls hearing ‘a mix of antitrust ambush and political grandstanding’It was a bruising day tech’s biggest names on Capitol Hill.
3:21 a.m. July 29, 2020 - By Mike Murphy
Here’s what the CEOs of Apple, Amazon, Facebook and Alphabet will say at Wednesday’s antitrust hearing Prepared statements show execs will argue there is competition, and that their companies strengthen AmericaThe CEOs of four of the world’s largest and most influential tech companies are scheduled to testify Wednesday before a House antitrust panel, and they plan to emphasize how their products better American lives and jobs.
7:05 a.m. July 27, 2020 - By Lauren C. Templeton
What would Sir John do? How to use Templeton’s 16 rules for investment success in today’s stock market Investment manager follows the advice and practice of her famous great-uncle This investment manager follows the advice and practice of her famous great-uncle.
3:40 a.m. July 18, 2020 - By Vitaliy Katsenelson
Tesla is like a SpaceX rocket to stock investors, but the car maker’s bond holders are down to earth The market confuses Tesla with Silicon Valley tech companiesThe market confuses Tesla with Silicon Valley tech companies, writes Vitaliy Katsenelson.
1:40 p.m. July 2, 2020 - By Wallace Witkowski
Lemonade logs best U.S. IPO debut of 2020 with more than 140% gain Debut follows string of recent strong IPOsLemonade Inc. snagged 2020’s strongest initial public offering debut as the shares of the mobile-based insurance startup became the latest to more than double on their first day of trading.
12:23 p.m. July 2, 2020 - By Wallace Witkowski
Lemonade IPO: 5 things to know about the online insurer Lemonade stock price more than doubles right out of the gate As the world is buffeted by digital and societal revolutions, Lemonade Inc. is hoping to leverage the uncertainty created by those upheavals to reshape an industry meant to provide peace of mind: insurance.
12:40 p.m. June 18, 2020 - Associated Press
Facebook takes down Trump-Pence ads featuring symbols previously used by NazisFacebook has removed campaign ads by President Donald Trump and Vice President Mike Pence that featured an upside-down red triangle, a symbol once used by Nazis to designate political prisoners, communists and others in concentration camps.
7:35 a.m. June 16, 2020 - By Derek Horstmeyer
How activist investors risk triggering even more automation, job losses and wealth inequality ESG investors’ blanket demands may have unintended consequencesESG investors’ blanket demands may have unintended consequences.
2:55 a.m. June 8, 2020 - Associated Press
Making the right enemies puts Tom Cotton on inside track in ‘Fox GOP primary for 2024’ Hawkish op-ed by Arkansas Republican in New York Times met with outrage over its call for the use of military force to quash nationwide protest wave following death of George Floyd at police handsHawkish op-ed in New York Times met with outrage by calling for use of force to quash protest wave following death of George Floyd at police hands.
6:35 a.m. June 2, 2020 - By Dmitry Kaminskiy
Biotech’s smart money is already focused on disease prevention, boosting immune systems and longevity ‘Health is the new wealth’ thanks to the coronavirus pandemic‘Health is the new wealth’ thanks to the coronavirus pandemic.
3:42 a.m. May 30, 2020 - By Lawrence Cunningham
How Warren Buffett is fighting to ‘keep the wolves away’ from Berkshire Hathaway — and winning Famed investor values long-term ‘high quality’ shareholdersFamed investor values long-term ‘high-quality’ shareholders, writes Lawrence Cunningham.
12:12 p.m. May 18, 2020 - By Jon Swartz
Uber shares rise 3.6% on latest layoff newsThe scuffling ride-hailing service, which announced 3,700 job cuts less than two weeks ago, plans another 3,000 layoffs, according to a Wall Street Journal report, citing a memo from Uber Chief Executive Dara Khosrowshahi to staff on Monday.
11:57 a.m. May 11, 2020 - By Jon Swartz
Twitter names Fei-Fei Li to board of directorsTwitter, Inc. on Monday named Dr. Fei-Fei Li to its board of directors as a new independent director, effective immediately. The artificial intelligence expert previously had stints at Stanford University and Alphabet Inc.'s Google. "With unparalleled expertise in engineering, computer science and artificial intelligence, Fei-Fei brings relevant perspectives to the Board as Twitter continues to utilize technology to improve our service and achieve our long-term objectives," Twitter Executive Chairman Omid Kordestani said in a statement. Twitter shares have dropped 19% over the last 12 months, while the broader S&P 500 index has improved 4.2% over the last year.
1:11 p.m. May 4, 2020 - By Ciara Linnane
Coronavirus update: Global case tally passes 3.5 million; Trump and senior officials continue to lash out at China J. Crew files for bankruptcy and GE announces permanent job cuts at its aviation unit; global deaths top 250,000The number of cases of the coronavirus that causes COVID-19 climbed above 3.54 million on Monday, as President Donald Trump and senior members of his administration continued to lash out at China, where the virus was first reported late last year.
6:51 a.m. May 2, 2020 - By Ciara Linnane
Coronavirus update: More than a million people have recovered; Trump pushes China conspiracy theory Exxon Mobil posts first quarterly loss in decades, and Clorox produces a blowout report thanks to demand for disinfecting productsThe number of patients that have recovered from the coronavirus that causes COVID-19 rose to more than a million on Friday, offering a rare piece of good news in the pandemic that has caused more than 230,000 deaths and tanked economies around the world.
9:18 a.m. April 15, 2020 - Associated Press
Watchdog says evidence suggests Defense Department cloud contract was legally awarded to Microsoft over Amazon Pentagon’s inspector general concedes that claimed ‘presidential communications privilege’ led to unanswered questions from witnessesPentagon inspector-general concedes that claims of ‘‘presidential communications privilege” led to unanswered questions from witnesses.
10:31 a.m. April 13, 2020 - By Ciara Linnane
Coronavirus update: 1.89 million cases worldwide, 118,304 deaths; and Trump attacks Dr. Fauci and the New York Times Amazon hiring another 75,000 workers to expand grocery delivery and Aurora Cannabis is planning a 1-for-12 reverse stock splitThe U.S. death toll from COVID-19 rose above 22,000 on Monday, as President Donald Trump railed against the nation’s top infectious disease expert for suggesting more lives could have been saved if restrictions on movement had been imposed earlier.
9:47 a.m. April 6, 2020 - By Ciara Linnane
Coronavirus update: 1.3 million cases worldwide, 72,638 deaths, and signs that rate of infection is slowing in Europe Allstate to return $600 million to drivers who are stuck at home and Wayfair is seeing a huge surge in demandSigns that the spread of the coronavirus that causes COVID-19 is slowing in parts of Europe cheered financial markets on Monday, although it weighed against news that Japan is about to declare a state of emergency for Tokyo and other areas.
6:05 a.m. March 23, 2020 - Associated Press
SoftBank buying back $41 billion in assets The company says its shares are undervalued by 73%The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden.
7:00 a.m. March 13, 2020 - Associated Press
Pentagon signals willingness to reconsider $10 billion cloud contract it awarded to Microsoft over Amazon Amazon charged contract went to rival Microsoft at behest of President Trump, who has denounced the Washington Post, owned by Amazon founder Jeff Bezos, over critical coverage of his administrationGovernment lawyers say the Defense Department is open to taking another look at how it evaluated technical aspects of the companies’ proposals to run the $10 billion computing project.
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