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America is Hiring Like Never Before

The job market throughout the United States is on fire, soaring to nearly a million job openings in April, which set a record for the highest overall number recorded in a single month since the Bureau of Labor Statistics started tracking this data in 2000 at 9.3 million new positions

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Europe Answers the Chip Shortage

With the global chip shortage continuing to put strains on the supply chain, Robert Bosch GmbH has opened a $1.2 billion factory near the city of Dresden in Germany, with the hopes of supplying Europe with semiconductors and reducing their reliance on imports from Asia

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Space Tourism Around the Corner

Jeff Bezos's space tourism company, known as Blue Origin, is finally ready to take passengers into space after over twenty years of investment and preparation. Blue Origin is one of several companies that have begun to take part in the possibility of space tourism in which customers will pay for a four-day experience that consists of three days of training followed by an 11-minute flight to suborbital space with an altitude of roughly 100 kilometers. The capsule contains leather viewing seats, time to experience zero gravity, and the largest viewing window in the history of space travel

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Kraft Heinz Paying Down $2.8B in Debt

Kraft Heinz is buying back as much as $2.8 billion of its bonds as the junk-rated company looks to further cut its debt load after closing on the sale of its nuts business. The company launched a tender offer Monday to repurchase as many as 10 individual notes with maturities ranging from 2028 to 2042. It’s at least the second debt buyback for the company this year, after a $1 billion booked transaction in March

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Autonomous Vehicles Raising Doubts

Promises of self-driving cars from leading engineers such as Elon Musk may have been misleading as skeptics are now unsure when self-driving cars will reach consumers. With over $80 billion already invested into the industry, some are concerned that fully functional autonomous cars could take decades to create or may never become a reality

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FDA Approves First New Alzheimer's Drug In Two Decades

The first drug showing promise to slow Alzheimer’s disease was approved by U.S. health regulators after years of research and billions of dollars in investment.The United States Food and Drug Administration said it approved the Biogen created drug, which has the molecular name aducanumab and will be sold as Aduhelm, based on evidence it reduces a sticky substance in the brain called amyloid that is associated with Alzheimer’s

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The Meat Hack

Less than a month after the Colonial Pipeline was hit with one of the most disruptive ransomware attacks in history, JBS — the world’s largest meat plant — was forced to shut down 9 plants due to a cyberattack. The disruption ended today with plants opening today. While the disruption was short-lived analysts have reported that meat markets could still face price volatility and supply chain disruption

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The Scramble for Cyber Insurance

The U.S. energy industry has been scrambling to buy more cyber insurance after the recent cyberattack on Colonial Pipeline, which completely disrupted the U.S. fuel supply across the east coast. However, reports indicate that cyber insurers plan to hike rates following a number of high-profile cyberattacks

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KKR & Cloudera's Memorial Day LBO

Cloudera was once one of the hottest Hadoop startups, but over time the shine has come off that market, and today it went private as KKR and Clayton, Dubilier & Rice, a pair of private equity firms, announced they intended to purchase Cloudera for $5.3 billion. The company has a market cap of around $3.7 billion. This comes just three years after the 2018 merger of Cloudera and Hortonworks for $5.2 billion

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Potential Breakthrough in the Fight Against Cancer

A recent breakthrough in cancer treatment occurred Friday when Amgen Inc.’s new drug known as Lumakras was approved by the Food and Drug Administration. Amgen Inc.’s new drug Lumakras is designed to treat a mutation of lung cancer known as KRAS. This mutation is the most common among lung cancers and previously was believed to be untreatable by the use of drugs

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New York AG Pursues Insider Trading at Kodak

New York State Attorney General Letitia James asked a New York court to order that Eastman Kodak and its CEO James Continenza, to turn over evidence in advance of a planned insider-trading lawsuit against them

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Amazon Exploiting Third-Party Sellers?

On Tuesday, May 25th, the District of Columbia filed an antitrust lawsuit against Amazon.com Inc. claiming that Amazon is preventing sellers from offering lower prices on other websites outside of Amazon

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EU Eyeing Facebook for Antitrust Investigation

The EU is closing in on its first formal antitrust investigation with its eyes set on the social media giant, Facebook. The EU has been vamping up its enforcement of regulations with big tech companies in recent years, and the European Commission is reportedly set to open formal antitrust proceedings against Facebook after many long and intensive investigations into the company

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The Massive American Energy Merger

Cabot Oil & Gas Corp. and Cimarex Energy Co. recently announced their intention on merging, with Thomas Jordan - the CEO of Cimarex Energy - acting as the new CEO of the currently unnamed business. The two companies in question are primarily focus on different commodities - with Cimarex focusing on oil in the south and Cabot as a natural gas producer in Northeastern regions of the United States

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The Debate Over AI & Ethics

In 2014 Google purchased the start-up company known as DeepMind, known for its leading research, development, and discussions on the ethics associated with artificial intelligence. Since then, DeepMind has been seeking increased autonomy from the parent company of Google, as they believe the sensitive research that the company does “shouldn’t be controlled by a single corporate entity

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Vaccination Passports? Here's What We Know

As COVID-19 vaccinations are spreading around the world, limitations on travel have continued to weaken. Countries such as Italy, Iceland, Greece and Spain have already begun to allow for international travel with proof of COVID-19 vaccinations, however, governments and airlines are now discussing what methods should be used to prove that a traveler has immunity to the virus

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What May Be Driving The Crypto Bear Market

China’s efforts to restrain cryptocurrency trading and mining are potentially driving wild volatility in bitcoin and other markets. Already down hard from records set this year, bitcoin and other digital currencies sold off last week after Chinese authorities renewed pressure on the country’s banks and payment companies to curb cryptocurrency-related transactions. Markets stumbled again after a powerful super-regulator chaired by Vice Premier Liu He pledged to crack down on cryptocurrency mining and trading

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Amazon to Buy MGM Studios for $9 Billion. But Why?

Amazon is currently closing in on a deal to buy the Hollywood studio MGM Holdings for what is rumored to be a $9 billion acquisition, according to sources familiar with the matter. The deal would become the company’s second-largest acquisition ever, falling right behind its $13.7 billion deal for Whole Foods a number of years ago. The move would shift a film studio that was founded in the era of silent movies into a streaming asset for an e-commerce giant, and points further to a shift in consumer behavior towards streaming services as the “Streaming Wars” continue to heat up and the major players feel forced to make drastic plays in order to compete

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What The Chip Shortage Means for EV Upstarts

In the wake of the Covid pandemic electric vehicle upstarts like Canoo, Rivian, Lucid, and Fisker are find themselves under the gun do to mounting supply chain pressure and labor shortages — what’s more the entire auto industry is missing production goals because of the global chip shortages. For EV upstarts, the timing couldn’t be worse

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China Has Made It To Mars

China was able to successfully land their first spacecraft on Mars Friday night making China the third country to have reached the red planet behind the United States and the USSR, and perhaps sparking a new era of space competition

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The Return of the Microbus

LA-based EV startup Canoo is bringing its first vehicle to market in 2022. The company said Monday its electric microbus-slash-van will be available to purchase at a base price of $34,750 before tax incentives or add-ons. It’s now taking preorders in the United States for the electric “lifestyle” vehicle, as well as for its round-top pickup truck and multi-purpose panel van

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JD Logistics to Raise $3.4 Billion in IPO

After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. Dubbed the Amazon Logistics of China, JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion

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White House Issues Cybersecurity Order

In the wake of the cyberattack on Colonial Pipeline, President Biden has issued an executive order on Wednesday that implements strict new standards for cybersecurity software sold to the government. After the Colonial Pipeline ransomware attack, which left the East Coast scrambling for gasoline, the threat of a cyberattack on infrastructure has become a significant worry for the Biden administration. Over the past year, roughly 2,400 ransomware attacks have hit corporate, local, and federal offices furthering the need for effective countermeasures

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AT&T's WarnerMedia to Merge with Discovery

AT&T agreed to the deal to merge its media arm WarnerMedia with Discovery creating a brand-new entertainment company that would “combine AT&T’s vast media holdings with Discovery’s reality-TV empire.”

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Walmart's Segway Into Healthcare

Walmart continued its expansion into the healthcare realm when on Thursday the company purchased the telehealth provider MeMD and plans to offer virtual healthcare services to customers and employees. Walmart’s plan to expand into the virtual healthcare market is in response to Amazon beginning to offer health care services to employees through their platform known as Amazon Care

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