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Tag Archives: Technology

How Walmart plans to take over health care

How Walmart plans to take over health care

Walmart, the world’s largest retailer, wants to be your doctor, too. In September 2019 the company known for its “Everyday Low Prices” launched Walmart Health, a primary care clinic, at a store in Dallas, Georgia. The doctor-run clinic, the first of its kind for the big box retailer, offers services …

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NFL owners can prove they’re serious about diversity

NFL owners can prove they're serious about diversity

ESPN Monday Night Football Studio Analysts Louis Riddick during the NFL regular season football game between the Cleveland Browns and the San Francisco 49ers on Monday, Oct. 7, 2019 at Levi’s Stadium in Santa Clara, Calif. Ric Tapia | Icon Sportswire | Getty Images In 2020, the National Football League …

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5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. McConnell blocks $2,000 stimulus checks Senate Majority Leader Mitch McConnell (R-KY) speaks at a news conference with other Senate Republicans at the U.S. Capitol on December 15, 2020 in Washington, DC. Tom …

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How Covid derailed Olive Garden’s success

How Covid derailed Olive Garden's success

When you think of free breadsticks, unlimited salad and pounds of pasta, one name comes to mind — Olive Garden. But the Italian eatery, known for its $5 take-home meal, has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In December, Darden Restaurants …

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5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. House passes bill for $2,000 stimulus checks Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak after a press conference on Capitol Hill on December 20, …

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Skype co-founder Jaan Tallinn on 3 most concerning existential risks

Skype co-founder Jaan Tallinn on 3 most concerning existential risks

Skype co-founder Jaan Tallinn Center for the Study of Existential Risk LONDON – Skype co-founder Jaan Tallinn has identified what he believes are the three biggest threats to humanity’s existence this century. While the climate emergency and the coronavirus pandemic are seen as issues that require urgent global solutions, Tallinn …

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Dubai offering Pfizer, Sinopharm Covid vaccines to residents for free

Dubai offering Pfizer, Sinopharm Covid vaccines to residents for free

A traveler passes through immigration control by walking through a “smart tunnel ” at Dubai International Airport. GIUSEPPE CACACE/AFP The United Arab Emirates’ commercial capital Dubai is making the Pfizer-BioNTech coronavirus vaccine available to its residents for free as of Wednesday, its government has announced. The news comes after the …

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5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Trump slams Covid stimulus bill U.S. President Donald Trump waves as he departs on the South Lawn of the White House, on December 12, 2020 in Washington, DC. Al Drago | Getty …

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Coronavirus sped up digital transformation by 6 years, Twilio CEO says

Coronavirus sped up digital transformation by 6 years, Twilio CEO says

When the coronavirus pandemic limited face-to-face interactions earlier this year, companies, governments and other organizations adapted to the new normal by transitioning many activities online. The transition, a part of the digital transformation that has played out over the years, was a boon for companies like cloud messaging provider Twilio, …

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Adam Silver positions NBA for breakthrough after Covid

Adam Silver positions NBA for breakthrough after Covid

Adam Silver, NBA Commissioner. Getty Images On the eve of a new season, National Basketball Association Commissioner Adam Silver made clear his league would not jump the line to receive Covid-19 vaccines as the NBA attempts to normalize its business. The NBA returns for its 2020-21 campaign on Tuesday. The …

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Peloton stock hits record high after Precor deal

Peloton to acquire fitness equipment maker Precor for $420 million

Shannon Stapleton | Reuters Peloton shares rose to a record Tuesday after the company announced plans to buy exercise equipment manufacturer Precor for $420 million. In early trading Tuesday, the stock was at an intraday record of $160.56, up 11.2% from Monday’s close of $144.39. Telsey Advisory Group analyst Dana …

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Zoom confident it can meet Christmas Day demand

Zoom confident it can meet Christmas Day demand

LONDON – Zoom is gearing up for what could end up being its busiest day ever: Christmas Day. Around the world, there are lockdowns in place that will make travelling to see friends and family on Christmas Day complicated, and for millions, illegal. Over 18 million people in the U.K. …

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Why ads could be a bargain amid Covid-19

Why ads could be a bargain amid Covid-19

The Kansas City Chiefs celebrate with the Vince Lombardi Trophy after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. Ronald Martinez | Getty Images There’s no better advertising spot on television than the National Football League’s Super …

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Milwaukee Bucks credit ‘Giannis effect’ for uptick in business

Milwaukee Bucks credit 'Giannis effect' for uptick in business

Giannis Antetokounmpo of the Milwaukee Bucks Gregory Shamus | Getty Images The Milwaukee Bucks crediting a boost in merchandise sales to Giannis Antetokounmpo. Just moments after the National Basketball Association’s reigning MVP posted on his Instagram account that he’s staying with the team until at least 2026, the “Giannis effect” …

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Palo Alto Networks CEO on the suspected Russian cyberattack

Palo Alto Networks CEO on the suspected Russian cyberattack

Palo Alto Networks CEO Nikesh Arora told CNBC on Friday that every business and federal agency needs to take stock of their network security in the wake of the suspected Russian massive cyberattack. The security executive’s comments follow the revelation that federal agencies, reportedly including the one overseeing the nation’s nuclear …

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Utah Jazz owner Ryan Smith: CNBC interview

Utah Jazz owner Ryan Smith: CNBC interview

Gail Miller, Owner and chair of the Larry H. Miller Group of Companies and the Utah Jazz, announced today they have entered into definitive agreements to sell a majority interest in the Utah Jazz and other sports to technology entrepreneur Ryan Smith. Melissa Majchrzak | National Basketball Association | Getty …

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Dick’s Sporting Goods picks Instacart for same-day delivery

Dick's Sporting Goods picks Instacart for same-day delivery

Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …

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LG to launch robot that disinfects surfaces amid coronavirus pandemic

LG to launch robot that disinfects surfaces amid coronavirus pandemic

LG Electronics is working on an autonomous robot which utilizes ultraviolet light to disinfect what the South Korean tech giant describes as “high-touch, high-traffic areas.”  In an announcement this week, LG said it would look to introduce the technology to U.S.-based retail, education, hospitality and corporate customers from early next …

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EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

Canoo’s van – known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be upfitted – is designed for commercial customers. Canoo Electric vehicle start-up Canoo unveiled a new delivery van Thursday ahead of its public debut on the NASDAQ next week. The futuristic-looking van – …

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150 million people to shop Saturday before Christmas

150 million people to shop Saturday before Christmas

People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …

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50% of tech execs say cyber warfare biggest threat: CNBC survey

50% of tech execs say cyber warfare biggest threat: CNBC survey

A FireEye information analyst works in front of a screen showing a near real-time map tracking cyber threats at the FireEye office in Milpitas, California. Beck Diefenbach | Reuters Following this week’s breach of several federal agencies, a new CNBC survey of technology executives found that most believe state-sponsored cyber …

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DeepMind shifts focus from climate change to protein folding and AGI

DeepMind shifts focus from climate change to protein folding and AGI

Demis Hassabis, co-founder of Google’s artificial intelligence (AI) startup DeepMind. Jeon Heon-Kyun | Getty Images LONDON — Artificial intelligence (AI) lab DeepMind has shifted its focus from climate change to other areas of science and is pursuing its original mission of creating artificial general intelligence (AGI), which is widely seen …

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AST & Science going public through SPAC at $1.8 billion valuation

AST & Science going public through SPAC at $1.8 billion valuation

AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced Wednesday. AST will …

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5 things to know before the stock market opens December 16, 2020

5 things to know before the stock market opens December 16, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to extend Tuesday’s rally U.S. stock futures were higher after Tuesday’s rally as investors grew more optimistic about Washington reaching a deal on another coronavirus economic relief package. However, a …

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Astra Rocket 3.2 reaches space after launch from Alaska

Astra Rocket 3.2 reaches space after launch from Alaska

Astra launches Rocket 3.1 from Kodiak, Alaska on Sept. 12, 2020. John Kraus | Astra San Francisco-area startup Astra became the latest U.S. rocket builder to reach space on Tuesday, with the successful launch of its Rocket 3.2 vehicle from Kodiak, Alaska. The rocket came just shy of reaching orbit, with …

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India has a ‘once-in-a-lifetime’ technology opportunity

India has a 'once-in-a-lifetime' technology opportunity

India’s entrepreneurs have a unique opportunity to shape the future of technology, not only within their own country but across the globe, according to the billionaire founder of one of the country’s most successful start-ups. Vijay Shekhar Sharma, CEO of financial technology company Paytm, said accelerating internet adoption under the …

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A strong Peloton competitor for less money

A strong Peloton competitor for less money

Apple‘s subscription fitness app, Fitness+, launches on Monday. I’ve been using it for the past several days and I think it offers a nice variety of workouts that people will like. You need an Apple Watch to take the pre-recorded exercise classes, which are available on iPhones, iPads and the …

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Virgin Galactic SPCE stock drops after aborted spaceflight test

Virgin Galactic SPCE stock drops after aborted spaceflight test

SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach …

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Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic confirmed its latest spaceflight test was cut short after its SpaceShipTwo vehicle “Unity” attempted to launch above New Mexico on Saturday. While no passengers were on board, Unity was piloted by CJ Sturckow …

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Tragedy, Covid isolation, and mental health

Tragedy, Covid isolation, and mental health

Tony Hsieh, CEO of Zappos.com Getty Images Tony Hsieh seemed to have it all. Hsieh launched the Las Vegas-based shoe ecommerce platform Zappos and sold it to Amazon for $1.2 billion in 2009 — the largest acquisition in Amazon’s history at the time. He was an entrepreneur darling for his …

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Technology and big data could drive sustainable investments

Technology and big data could drive sustainable investments

The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images SINGAPORE — While there’s “nothing new” to sustainable investing, technology has made it easier to state the financial case for considering …

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Disney Investor Day 2020 announcements

Disney Investor Day 2020 announcements

Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney’s streaming service Disney+ continues to gain subscribers. On …

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Google search panels tackle misinformation about Covid vaccines

Google search panels tackle misinformation about Covid vaccines

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images LONDON — Google on Thursday rolled out new information panels in search results aimed at countering false claims about …

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5 things to know before the stock market opens December 10, 2020

5 things to know before the stock market opens December 10, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to open lower after Wednesday’s drop from record highs U.S. stock futures pointed to a lower open, with investors watching Thursday’s FDA meeting on Pfizer’s Covid-19 vaccine and continued talks in …

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Airbnb sells shares at $68 in IPO, pricing above range

Airbnb sells shares at $68 in IPO, pricing above range

Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb, the company that allows users to book …

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Microsoft sees gain on C3.ai investment concurrent with IPO

Microsoft sees gain on C3.ai investment concurrent with IPO

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris. Marlene …

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GM’s Cruise begins testing autonomous vehicles in San Francisco

GM's Cruise begins testing autonomous vehicles in San Francisco

Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Elijah Nouvelage | Reuters Cruise, a majority-owned subsidiary of General Motors, has started testing self-driving vehicles without driver monitors in San Francisco, the company …

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Uber sells its flying taxi business to Joby Aviation

Uber sells its flying taxi business to Joby Aviation

Joby air taxi eVTOL demonstrator. After more than six years of secret development, Joby Aviation lifts the lid on its innovative eVTOL air taxi program. Source: Joby Aviation The air taxi business is at least a couple of years from taking off, but it’s already seeing consolidation among start-ups. California-based …

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DoorDash sells shares at $102 in IPO, pricing above range

DoorDash sells shares at $102 in IPO, pricing above range

A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 a piece, …

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Shares of Penumbra tank after short seller releases critical report

Shares of Penumbra tank after short seller releases critical report

Shares of Penumbra slid more than 12% on Tuesday after short-seller Quintessential Capital Management released a critical report on the California-based medical devices maker. Quintessential Capital has a short position in Penumbra, meaning it is betting that the stock will go down. The firm first began to target Penumbra last …

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Beware of Covid vaccine scams. Don’t get a fake one

Beware of Covid vaccine scams. Don't get a fake one

Woman holds vials labelled “COVID-19 Coronavirus Vaccine” over dry ice in this illustration taken, December 5, 2020. Dado Ruvic | Illustration | Reuters “I can’t produce enough for the masses,” Johnny T. Stine wrote on Facebook in May, “but in 18 months, when the virus is long gone, everyone will …

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6 productivity apps to help you survive working from home

6 productivity apps to help you survive working from home

While some American workers have gone back to the office, Gallup’s recent annual Work and Education poll shows that 33% are still working remotely full-time due to the coronavirus pandemic, with an additional 25% working from home part-time. Nearly two-thirds of U.S. workers who have been working remotely during the …

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Shares surge 34% on market debut

Shares surge 34% on market debut

A woman stands next to signage incorporating the logo of JD.com, and the company’s mascot ‘Joy,’ at the company’s headquarters in Beijing, China. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Shares of JD Health, the health-care arm of Chinese e-commerce giant JD.com, surged on their debut in …

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Fanatics acquires sports merchandise firm WinCraft

Fanatics acquires sports merchandise firm WinCraft

Green Bay Packers fan cave Source: Fanatics Sports merchandise company Fanatics has completed another acquisition to strengthen its position in the licensed sports apparel sector as speculation increases the company will eventually go public. The Michael Rubin-led company purchased licensed sports merchandise manufacturer WinCraft, the company told CNBC. WinCraft chairman …

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SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX deploys 60 Starlink satellites in orbit. SpaceX The Federal Communications Commission awarded Elon Musk’s SpaceX with nearly $900 million worth of federal subsidies to support rural broadband customers through the company’s Starlink satellite internet network, the agency announced on Monday. SpaceX won $885.5 million in the FCC’s $9.2 billion …

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Salesforce could more than double its value after Slack deal

Salesforce could more than double its value after Slack deal

Salesforce’s blockbuster deal for the Slack messaging platform will give the software giant the visibility it needs to increase its valuation by threefold, CNBC’s Jim Cramer said Thursday. “If you follow the customer, you’ll understand why Salesforce.com, which built a gigantic business by helping clients harness the power of the …

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NASA will pay a company $1 to collect moon rocks

NASA will pay a company $1 to collect moon rocks

A photo of the moon taken by SpaceIL’s Beresheet spacecraft in orbit. SpaceIL NASA will pay an amazingly low price – a dollar – to have a company make a single small collection of moon dirt on the agency’s behalf. Colorado-based start-up Lunar Outpost bid $1 and won a NASA …

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How Spotify hopes to win the podcasting wars

How Spotify hopes to win the podcasting wars

The Spotify app on an iPhone. Fabian Sommer | picture alliance | Getty Images One big phenomenon during the pandemic of 2020 has been the rise in digital audio as millions of listeners of all ages turn to online music and podcasts to get them through their darkest times. Spotify …

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Facebook to remove misinformation about Covid vaccines

Facebook to remove misinformation about Covid vaccines

Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Facebook said Thursday it will start removing misinformation about coronavirus vaccines as countries around the world prepare to start rolling them out. Facebook’s policy has been to remove false claims about Covid-19 that it …

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IBM uncovers global email attack on Covid vaccine supply chain

IBM uncovers global email attack on Covid vaccine supply chain

Joachim Kuhn, chief executive officer of Vac-Q-Tec, looks at global distribution screens at the company’s factory in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Alex Kraus | Bloomberg | Getty Images IBM cyber security analysts on Thursday said they uncovered an email phishing scheme targeting global coronavirus vaccine supply chains, …

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5 things to know before the stock market opens December 3, 2020

5 things to know before the stock market opens December 3, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures little changed after another S&P 500 record The reluctance to commit on Wall Street reflected the uncertainty around a new Covid stimulus bill from a bipartisan group of senators. Investors are …

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JD Health Hong Kong IPO raises $3.5 billion

JD Health Hong Kong IPO raises $3.5 billion

Several boxes of goods, bought from JD.com, are stacked on the floor. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — JD Health, the health-care unit of Chinese e-commerce giant JD.com, has raised $3.5 billion in a Hong Kong initial public offering (IPO), CNBC has confirmed. The company issued …

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Researchers hope sensor-based system can help farms detect ammonia

Researchers hope sensor-based system can help farms detect ammonia

linephoto | E+ | Getty Images A team in Denmark has developed a sensor-based system which could help to tackle air pollution by detecting ammonia and other gases emanating from the agriculture sector. Alongside chemical engineers and chemists, researchers from Aarhus University and the Technical University of Denmark worked on …

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NFL playoff training camps likely if Covid-19 cases continue

NFL playoff training camps likely if Covid-19 cases continue

Cleveland Browns Quarterback Baker Mayfield (6) hands off to Cleveland Browns Running Back Nick Chubb (24) during the game between the Cleveland Browns and the Jacksonville Jaguars on November 29, 2020 at TIAA Bank Field in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty Images Despite the National Football …

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Slack co-founder Cal Henderson was a WFH skeptic until pandemic hit

Slack co-founder Cal Henderson was a WFH skeptic until pandemic hit

Slack co-founder and CTO Cal Henderson Source: Slack LONDON — Slack co-founder and chief technology officer Cal Henderson said Wednesday that he had his doubts about whether companies could work from home before the coronavirus pandemic.   “I was definitely a remote work, like fully distributed work, skeptic prior to …

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Slack is one step in Salesforce’s path to double revenue

Slack is one step in Salesforce's path to double revenue

Salesforce CEO Marc Benioff, after announcing that the software giant is acquiring Slack Technologies, told CNBC Tuesday that the company is on a path to double revenue. In its fiscal third-quarter report released after the close, Salesforce provided guidance of $25.5 billion on the high end in fiscal 2022. Benioff, …

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‘Highly confident’ SpaceX will land humans on Mars by 2026

'Highly confident' SpaceX will land humans on Mars by 2026

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Musk gave space fans an update Saturday evening on the status of “Starship,” the next-generation vehicle his …

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Seeks valuation of up to $35 billion

Seeks valuation of up to $35 billion

Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. …

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Time to test the limits of e-commerce

Time to test the limits of e-commerce

An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …

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SpaceX’s Starship test flight may be as early as Wednesday

SpaceX's Starship test flight may be as early as Wednesday

BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX may attempt the next test flight of its …

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5 things to know before the stock market opens November 24, 2020

5 things to know before the stock market opens November 24, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to continue Monday’s robust rally Dow futures pointed to an over 250 point gain at Tuesday’s open, with the Trump administration approving Joe Biden‘s transition and the president-elect set to pick …

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Democrat on House antitrust panel sets sights on Big Pharma

Democrat on House antitrust panel sets sights on Big Pharma

After wrapping up a more than year-long investigation into Amazon, Apple, Facebook and Google, a top Democrat on the House Judiciary subcommittee on antitrust has his sights set on a new industry: Big Pharma. Rep. Joe Neguse, D-Colo., vice chairman of the subcommittee, is calling for a hearing to probe …

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Coronavirus vaccine creates market winners and losers

Coronavirus vaccine creates market winners and losers

Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others. Massachusetts-based biotech company Moderna said last week that its coronavirus …

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Fender sales boom as guitar playing surges during the pandemic

Fender sales boom as guitar playing surges during the pandemic

Fender Musical Instruments’ CEO Andy Mooney says a boom in guitar sales is happening during the coronavirus pandemic. Henry Diltz Business was looking pretty grim for Fender Musical Instruments Corp., the legendary guitar maker, when the coronavirus pandemic reached U.S. shores last March. Suddenly, 90% of its worldwide dealers’ physical …

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Tom Steyer, Ann O’Leary reflect on California business recovery

Tom Steyer, Ann O'Leary reflect on California business recovery

California Gov. Gavin Newsom’s seven-month-old Task Force on Business and Jobs Recovery is disbanding as the coronavirus pandemic reaches a second peak, but his co-chairs predict the state will have a strong economic turnaround once the pandemic is past. Billionaire businessman Tom Steyer, one of the co-chairs, said in a …

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5 things to know before the stock market opens November 20, 2020

5 things to know before the stock market opens November 20, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech said they’ll apply with the FDA on Friday for emergency use authorization for their vaccine, the first to go through the regulatory …

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Samsung wearable device sales are up more than 30% this year

Samsung wearable device sales are up more than 30% this year

A customer tries out a Samsung Electronics, Galaxy smartwatch at the company’s D’light flagship store in Seoul, South Korea, on Monday, Jan. 28, 2019. Bloomberg | Bloomberg | Getty Images Samsung Electronics‘ wearable device sales are up by more than 30% this year, a senior executive at the world’s largest …

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What to watch amid uptick in coronavirus cases

What to watch amid uptick in coronavirus cases

Covid-19 crackdowns are cutting into U.S. equity returns. Recent upticks in U.S. coronavirus case counts weighed on the major averages Thursday, with the Dow, S&P 500 and Nasdaq Composite eking out modest gains in afternoon trading after sustaining losses earlier in the session. Market analysts were looking longer term at …

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GM to accelerate EV plans, plans to spend up to $27 billion

GM to accelerate EV plans, plans to spend up to $27 billion

2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 …

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NFL, Visa to host cashless Super Bowl LV in Tampa Bay

NFL, Visa to host cashless Super Bowl LV in Tampa Bay

Visa debit credit card. Simon Dawson | Bloomberg | Getty Images For the first time in 55 years, cash will not be accepted at the Super Bowl. The National Football League will make its championship game all-digital with the backing of its corporate partner, Visa. Super Bowl LV in Tampa …

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WuXi Biologics CEO predicts approval for Covid-19 antibody treatment

WuXi Biologics CEO predicts approval for Covid-19 antibody treatment

Chris Chen, chief executive officer at China’s WuXi Biologics, expects approval for a Covid-19 antibody treatment either “late this year or early next year, ” he told CNBC. WuXi Biologics, which sells outsourced laboratory and manufacturing services to biotech companies, has signed several deals with clients to research antibodies for …

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GoodRx co-CEO says Amazon Pharmacy not a competitor

GoodRx co-CEO says Amazon Pharmacy not a competitor

Doug Hirsch, Co-Founder and C0-CEO of GoodRx. Heidi Petty | CNBC Shares of GoodRx, a company that finds users prescription drugs at a discount, plunged this week after Amazon announced online prescription fulfillment, but GoodRx co-CEO Doug Hirsch said investors’ fear was misguided: the two companies are “complementary,” not competitors. …

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UK electric vehicle maker Arrival is going public via SPAC

UK electric vehicle maker Arrival is going public via SPAC

LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are …

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Digitization in travel and e-commerce

Digitization in travel and e-commerce

Founder & President of PKFare Jason Song, Co-founder and Chief Business Officer of PingPong Payments Ning Wang speak during Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 18, 2020 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images The coronavirus pandemic has forced …

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Free prescription delivery for Prime members

Free prescription delivery for Prime members

Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. Amazon has been quietly building out its pharmacy offering for several years after ramping up internal discussions …

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GoodRx stock plunges after Amazon announces push into pharmacy

GoodRx stock plunges after Amazon announces push into pharmacy

GoodRx signage on the outside of the Nasdaq on the day of its IPO, September 23, 2020. Source: GoodRx Shares of GoodRx, a company that finds users prescription drugs at a discount, plunged 14% Tuesday after Amazon announced its biggest move yet into the pharmacy space. The e-commerce giant revealed Amazon …

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Here’s what you should know

Here's what you should know

The Crew Dragon Resilience spacecraft in the hangar ahead of the Crew-1 mission SpaceX CAPE CANAVERAL, Florida — SpaceX is set to make history once again this year, as Elon Musk’s space company prepares to launch the Crew-1 mission for NASA on Sunday evening. NASA and SpaceX completed the required …

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One bullish way to play cross-section of health care and tech

One bullish way to play cross-section of health care and tech

Doctor’s orders are going virtual. With Covid-19 case counts on the rise again, Teladoc, a stock at the crossroads of health care and technology, could be an ideal bet for investors looking for ways to brace for possible volatility, Todd Gordon, the founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on …

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Apple and Google could compete in health, says Prudential CEO

Apple and Google could compete in health, says Prudential CEO

Mike Wells, the chief executive of insurance company Prudential, said Apple and Google have the platforms to be competitors in the health arena, but it would mean facing even more regulatory scrutiny than they do already. The Silicon Valley giants, which reach billions of people with their iOS and Android …

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investing in low-level workers drives shareholder returns

investing in low-level workers drives shareholder returns

Dan Schulman Mark Neuling | CNBC PayPal executives were shocked to learn that some of its employees were financially insecure. Here’s how the $225 million company sought to fix that and why it believes the changes will improve stock returns. PayPal CEO and President Daniel Schulman said two thirds of …

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EBay touts sale of rare Air Jordan sneakers

EBay touts sale of rare Air Jordan sneakers

EBay has dropped one of its largest collections of Air Jordans in the e-commerce company’s history, as it looks to broaden its reach in the $2 billion secondary sneaker market, which is seeing rapid growth during the coronavirus pandemic. In recent days, it has been rolling out 60 sneakers per …

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5 things to know before the stock market opens November 12, 2020

5 things to know before the stock market opens November 12, 2020

1. Stocks set to drop as the Covid-19 vaccine-inspired rally pauses Dow futures pointed to an over 250 point decline at Thursday’s open as Wall Street worried about record spikes in new U.S. daily coronavirus cases. On Wednesday, the Dow Jones Industrial Average closed slightly lower after soaring nearly 1,100 …

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JD.com wants network of 5 million physical stores in China

JD.com wants network of 5 million physical stores in China

Chinese retailer JD.com plans to aggressively expand its brick-and-mortar reach— aiming for a network of 5 million physical stores in the next 3 years — as China’s e-commerce companies sharpen their competition for consumers in smaller Chinese cities. Xu Lei, chief executive of JD Retail, said the company is “aware …

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The European company behind Pfizer’s Covid-19 vaccine

The European company behind Pfizer's Covid-19 vaccine

The logo of the biotechnology company “BioNTech” in front of the company headquarters. Arne Dedert | picture alliance via Getty Images LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed when Covid-19 arrived. On Monday, U.S. drug maker Pfizer announced an early analysis of …

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