Slack Goes Public Tomorrow and Its Stock Just Got a ‘Reference Price’ of $26 a Share
* Stories are summarized by an A.I.
* Stocks or companies mentioned: Slack Technologies, FB, LMT, GOOG, UNP, PYPL, AAPL, QCOM, 002502 (Huawei Technology Company Ltd), DVA
Slack Goes Public Tomorrow and Its Stock Just Got a ‘Reference Price’ of $26 a Share
Slack Technologies | Barron's
Slack Technologies is going public tomorrow via a direct listing, and the New York Stock Exchange has just established a reference price of $26 a share. In Spotify’s case, the stock opened 25.6% above the reference price, at $165.90, and then closed the first day of trading at $149.01. Slack’s reference price is below its previous high private market trade of $31.50. With about 600 million shares outstanding, the reference price would give Slack a market value of $15.6 billion, or about 26 times the midpoint of the company’s revenue guidance for the current fiscal year of $590 million to $600 million.
Fed, Congress Promise Scrutiny of Facebook Cryptocurrency
FB (Facebook Inc) | The Wall Street Journal
Facebook Inc. began to learn how Washington will check its push into digital currencies, with leaders of the Federal Reserve and an influential Senate committee saying they will scrutinize its rollout. Fed Chairman Jerome Powell on Wednesday said the central bank has “significant input into the payments system,” the e-commerce network that Facebook is seeking to disrupt with its Libra currency. Banking regulators also can enforce anti-money-laundering controls on such businesses, Mr. Powell told reporters.
Small Spacecraft, Big Universe: Lockheed Martin Selected for the Next Phase of a Small Spacecraft Mission
LMT (Lockheed Martin Corporation ) | PR Newswire
Lockheed Martin (NYSE: LMT) has been selected to design dual small deep space spacecraft to visit near-earth asteroids in a mission called Janus, led by the University of Colorado Boulder. Downselected for this next phase of NASA's SIMPLEx program, Lockheed Martin will be working toward preliminary design review. Deep space missions present challenges beyond what the typical small sat mission encounters in low-Earth orbit. The Janus mission is led by Principal Investigator Dan Scheeres of University of Colorado Boulder in Boulder, Colorado. If selected in the final stage, Lockheed Martin Space will design and build the spacecraft and provide mission operations after launch.
Google's AI picks which machine learning models will produce the best results
GOOG (Alphabet Inc.) | Venture Beat
Leave it to the folks at Google to devise AI capable of predicting which machine learning models will produce the best results. In a newly-published paper (“Off-Policy Evaluation via Off-Policy Classification”) and blog post, a team of Google AI researchers propose what they call “off-policy classification,” or OPC, which evaluates the performance of AI-driven agents by treating evaluation as a classification problem. As Irpan and fellow coauthors note, off-policy reinforcement learning enables AI model training with, say, a robot, but not evaluation. The team trained machine learning policies in simulation using fully off-policy reinforcement learning, and then evaluated them using the off-policy scores tabulated from previous real-world data. In a robot grasping task, they report that one variant of OPC in particular — SoftOPC — performed best at predicting final success rate.
Union Pacific Says Uncertainty, Harsh Weather Driving Down Rail Shipments
UNP (Union Pacific Corporation ) | The Wall Street Journal
Freight rail giant Union Pacific Corp. says its volumes are declining this quarter amid poor weather and customer concern over trade uncertainty. “We’re down about 4%,” tracking with declines across the broader industry, Union Pacific Chief Executive Lance Fritz said in an interview Wednesday. Lance Fritz, chief executive officer of Union Pacific Railroad Co. Photo: Victor J. Blue/Bloomberg NewsThe falloff in rail business comes as the U.S. freight transport sector shows signs of weaker demand. The Cass Freight Index of North American shipments by truck and rail declined 6% in May, the sixth straight month in negative territory. Union Pacific’s “franchise is so broad and diverse,” he said, “that there’s always something percolating, there’s almost always something that’s doing well.
Facebook's cryptocurrency will have a negative impact on PayPal, says Caitlin Long
PYPL (PayPal Holdings Inc) | AMB Crypto
Caitlin Long, Co-founder of the Wyoming Blockchain Coalition, recently spoke about Facebook’s entry into the cryptocurrency space with the introduction of Libra, in an interview on WhatBitcoinDid. Long spoke about the primary market the coin would be playing a major role in, and the effect it would have on its competition. Long stated that Facebook’s cryptocurrency would initially see its base in developing countries, before expanding to developed countries. She asserted that Facebook’s digital currency would indeed effect the likes of PayPal and Western Union. However, it would have a positive impact on people living in the developing world as it would “indirectly create pressure on central banks not to devalue their currencies.” She added,“This is where I think it can be a powerful force for good.
Apple Is Partnering With Best Buy for Repairs. Is That Enough to Fix Consumers’ Complaints?
AAPL (Apple Inc) | Fortune
Apple announced Wednesday that it’s adding Best Buy retailers to its previously-exclusive list of authorized repair locations. The facts of the exchange are simple: Nearly 1,000 Best Buy locations can now offer Apple-certified repairs with an Apple-certified technician. With the addition of the Best Buy stores, eight in ten Apple customers are within 20 minutes of an authorized repair location, Apple says. Firstly, authorized repair locations aren’t typically allowed to do all the repairs the Apple Store’s Genius Bar would be able to do. “Apple is inching, inching, inching away from their very hardline stance on repair and servicing for Apple devices,” he says.
How Qualcomm is ushering in the age of edge computing
QCOM (QUALCOMM Incorporated) | Venture Beat
Qualcomm AI Research, an initiative of Qualcomm Technologies, Inc.,has an ambitious goal: to lead AI research and development across the whole spectrum of AI, particularly for on-device AI at the wireless edge. How edge computing will become ubiquitousTo usher in the age of edge computing and distribute AI into the devices, Qualcomm researchers are turning their attention to breaking down the obstacles on-device AI can present for developers, Hou says. The company developed the Qualcomm Snapdragon Mobile Platform to enable OEMs to build smartphones and apps that deliver immersive experiences. “The other comes down to fundamentally marching down their own research path, looking at the innovation challenges and how they’re going to conduct research,” Hou says. “In that way we can best serve the mobile industry and serve the ecosystem.”
Brazil ignores US pressure to reject Huawei
002502 (Huawei Technology Company Ltd) | ZD Net
The Brazilian government will not interfere in Huawei's activities and wants it to invest in local infrastructure, as long as the Chinese giant creates local jobs and plays by its rules. Brazilian vice-president Hamilton Mourao said in an interview with Reuters that the country would not ban Huawei from operating a 5G network in Brazil despite requests to do so from the US president, Donald Trump. Read MoreMourao also said he had been reassured by chief executive Ren Zhengfei that data from the Brazilian local operation would not be handled by the Chinese government. Mourao confirmed to Brazilian newspaper Valor Economico that Brazilian president Jair Bolsonaro was asked by US president Donald Trump to stop Huawei from developing new mobile networks in Brazil during a visit to Washington. Huawei has been expanding other parts of its business in Brazil, having relaunched its consumer operations in the country in May.
FTC Approves UnitedHealth’s $4.3 Billion Purchase of DaVita Physicians Group
DVA (DaVita Inc.) | The Wall Street Journal
Federal regulators approved UnitedHealth Group Inc.’s $4.3 billion purchase of DaVita Inc.’s physician group with the condition that the UnitedHealth sell one of its newly purchased health-care provider organizations in Nevada. The Federal Trade Commission said Wednesday UnitedHealth has agreed to divest a primary-care practice in the Las Vegas region known as HealthCare Partners Nevada to Utah-based Intermountain Healthcare.
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* Stocks or companies mentioned: Slack Technologies, FB, LMT, GOOG, UNP, PYPL, AAPL, QCOM, 002502 (Huawei Technology Company Ltd), DVA
Slack Goes Public Tomorrow and Its Stock Just Got a ‘Reference Price’ of $26 a Share
Slack Technologies | Barron's
Slack Technologies is going public tomorrow via a direct listing, and the New York Stock Exchange has just established a reference price of $26 a share. In Spotify’s case, the stock opened 25.6% above the reference price, at $165.90, and then closed the first day of trading at $149.01. Slack’s reference price is below its previous high private market trade of $31.50. With about 600 million shares outstanding, the reference price would give Slack a market value of $15.6 billion, or about 26 times the midpoint of the company’s revenue guidance for the current fiscal year of $590 million to $600 million.
Fed, Congress Promise Scrutiny of Facebook Cryptocurrency
FB (Facebook Inc) | The Wall Street Journal
Facebook Inc. began to learn how Washington will check its push into digital currencies, with leaders of the Federal Reserve and an influential Senate committee saying they will scrutinize its rollout. Fed Chairman Jerome Powell on Wednesday said the central bank has “significant input into the payments system,” the e-commerce network that Facebook is seeking to disrupt with its Libra currency. Banking regulators also can enforce anti-money-laundering controls on such businesses, Mr. Powell told reporters.
Small Spacecraft, Big Universe: Lockheed Martin Selected for the Next Phase of a Small Spacecraft Mission
LMT (Lockheed Martin Corporation ) | PR Newswire
Lockheed Martin (NYSE: LMT) has been selected to design dual small deep space spacecraft to visit near-earth asteroids in a mission called Janus, led by the University of Colorado Boulder. Downselected for this next phase of NASA's SIMPLEx program, Lockheed Martin will be working toward preliminary design review. Deep space missions present challenges beyond what the typical small sat mission encounters in low-Earth orbit. The Janus mission is led by Principal Investigator Dan Scheeres of University of Colorado Boulder in Boulder, Colorado. If selected in the final stage, Lockheed Martin Space will design and build the spacecraft and provide mission operations after launch.
Google's AI picks which machine learning models will produce the best results
GOOG (Alphabet Inc.) | Venture Beat
Leave it to the folks at Google to devise AI capable of predicting which machine learning models will produce the best results. In a newly-published paper (“Off-Policy Evaluation via Off-Policy Classification”) and blog post, a team of Google AI researchers propose what they call “off-policy classification,” or OPC, which evaluates the performance of AI-driven agents by treating evaluation as a classification problem. As Irpan and fellow coauthors note, off-policy reinforcement learning enables AI model training with, say, a robot, but not evaluation. The team trained machine learning policies in simulation using fully off-policy reinforcement learning, and then evaluated them using the off-policy scores tabulated from previous real-world data. In a robot grasping task, they report that one variant of OPC in particular — SoftOPC — performed best at predicting final success rate.
Union Pacific Says Uncertainty, Harsh Weather Driving Down Rail Shipments
UNP (Union Pacific Corporation ) | The Wall Street Journal
Freight rail giant Union Pacific Corp. says its volumes are declining this quarter amid poor weather and customer concern over trade uncertainty. “We’re down about 4%,” tracking with declines across the broader industry, Union Pacific Chief Executive Lance Fritz said in an interview Wednesday. Lance Fritz, chief executive officer of Union Pacific Railroad Co. Photo: Victor J. Blue/Bloomberg NewsThe falloff in rail business comes as the U.S. freight transport sector shows signs of weaker demand. The Cass Freight Index of North American shipments by truck and rail declined 6% in May, the sixth straight month in negative territory. Union Pacific’s “franchise is so broad and diverse,” he said, “that there’s always something percolating, there’s almost always something that’s doing well.
Facebook's cryptocurrency will have a negative impact on PayPal, says Caitlin Long
PYPL (PayPal Holdings Inc) | AMB Crypto
Caitlin Long, Co-founder of the Wyoming Blockchain Coalition, recently spoke about Facebook’s entry into the cryptocurrency space with the introduction of Libra, in an interview on WhatBitcoinDid. Long spoke about the primary market the coin would be playing a major role in, and the effect it would have on its competition. Long stated that Facebook’s cryptocurrency would initially see its base in developing countries, before expanding to developed countries. She asserted that Facebook’s digital currency would indeed effect the likes of PayPal and Western Union. However, it would have a positive impact on people living in the developing world as it would “indirectly create pressure on central banks not to devalue their currencies.” She added,“This is where I think it can be a powerful force for good.
Apple Is Partnering With Best Buy for Repairs. Is That Enough to Fix Consumers’ Complaints?
AAPL (Apple Inc) | Fortune
Apple announced Wednesday that it’s adding Best Buy retailers to its previously-exclusive list of authorized repair locations. The facts of the exchange are simple: Nearly 1,000 Best Buy locations can now offer Apple-certified repairs with an Apple-certified technician. With the addition of the Best Buy stores, eight in ten Apple customers are within 20 minutes of an authorized repair location, Apple says. Firstly, authorized repair locations aren’t typically allowed to do all the repairs the Apple Store’s Genius Bar would be able to do. “Apple is inching, inching, inching away from their very hardline stance on repair and servicing for Apple devices,” he says.
How Qualcomm is ushering in the age of edge computing
QCOM (QUALCOMM Incorporated) | Venture Beat
Qualcomm AI Research, an initiative of Qualcomm Technologies, Inc.,has an ambitious goal: to lead AI research and development across the whole spectrum of AI, particularly for on-device AI at the wireless edge. How edge computing will become ubiquitousTo usher in the age of edge computing and distribute AI into the devices, Qualcomm researchers are turning their attention to breaking down the obstacles on-device AI can present for developers, Hou says. The company developed the Qualcomm Snapdragon Mobile Platform to enable OEMs to build smartphones and apps that deliver immersive experiences. “The other comes down to fundamentally marching down their own research path, looking at the innovation challenges and how they’re going to conduct research,” Hou says. “In that way we can best serve the mobile industry and serve the ecosystem.”
Brazil ignores US pressure to reject Huawei
002502 (Huawei Technology Company Ltd) | ZD Net
The Brazilian government will not interfere in Huawei's activities and wants it to invest in local infrastructure, as long as the Chinese giant creates local jobs and plays by its rules. Brazilian vice-president Hamilton Mourao said in an interview with Reuters that the country would not ban Huawei from operating a 5G network in Brazil despite requests to do so from the US president, Donald Trump. Read MoreMourao also said he had been reassured by chief executive Ren Zhengfei that data from the Brazilian local operation would not be handled by the Chinese government. Mourao confirmed to Brazilian newspaper Valor Economico that Brazilian president Jair Bolsonaro was asked by US president Donald Trump to stop Huawei from developing new mobile networks in Brazil during a visit to Washington. Huawei has been expanding other parts of its business in Brazil, having relaunched its consumer operations in the country in May.
FTC Approves UnitedHealth’s $4.3 Billion Purchase of DaVita Physicians Group
DVA (DaVita Inc.) | The Wall Street Journal
Federal regulators approved UnitedHealth Group Inc.’s $4.3 billion purchase of DaVita Inc.’s physician group with the condition that the UnitedHealth sell one of its newly purchased health-care provider organizations in Nevada. The Federal Trade Commission said Wednesday UnitedHealth has agreed to divest a primary-care practice in the Las Vegas region known as HealthCare Partners Nevada to Utah-based Intermountain Healthcare.
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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