In a big reversal, Libra reportedly could peg its cryptocurrencies to national currencies
* Stories are summarized by an A.I.
* Companies mentioned: FB, JNJ, BA, NFLX and AMZN
In a big reversal, Libra reportedly could peg its cryptocurrencies to national currencies
FB (Facebook Inc) | Tech Crunch
Facebook is willing to reverse course on its plans to tie its digital currency project to a synthetic currency tied to a basket of global currencies. Facebook and its partners had intended to create its cryptocurrency by pegging it to a basket of national currencies whose holdings would be set by the Libra Association. The scrutiny from regulators proved too much for some of Facebook’s largest, and earliest, partners in the Libra Association, whose members would determine how the cryptocurrency would operate. Now, in another strategic reversal, Marcus is conceding the synthetic currency in favor of stablecoins tied to the local currency in each market that Libra would operate. “We could do it differently,” Reuters quoted the Libra Association chief as saying.
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'The worst public health crisis in decades': First federal opioid trial slated to begin Monday
JNJ (Johnson & Johnson) | USA Today
CLOSE Whether it's cocaine, vaping or even your phone, addiction can alter your brain without you even being aware. Just the FAQs, USA TODAYThe landmark opioid litigation pitting state and local governments against makers and distributors of the highly addictive painkillers is set to go to trial Monday after attempts at a settlement broke down last week. (Photo: BackyardProduction / Getty Images)Cuyahoga and Summit counties in Ohio are suing drug manufacturer Teva Pharmaceuticals, four distributors and the drug store chain Walgreens claiming their practices contributed to the devastating opioid epidemic. In addition, the state and local governments could not resolve their differences. “When the first day of trial starts Monday, we look forward to sharing the facts – and the facts will show that opioid makers and distributors conspired to create and benefit from the worst public health crisis in decades,” the lawyers for the local governments said.
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Boeing denies pilot messaging chat shows prior knowledge of 737 MAX flight control problem
BA (The Boeing Company) | The Seattle Times
In the chat conversation on Nov. 15, 2016, made public Friday by a congressional committee, 737 MAX chief technical pilot Mark Forkner told another pilot that when he’d flown the MAX in a flight simulator that day, the jet’s new flight control system behaved very erratically. In a Sunday morning statement, Boeing insisted this doesn’t mean it had prior knowledge of the system flaws that two years later would play a major role in the two deadly crashes in Indonesia and Ethiopia. “The simulator software used during the Nov. 15 session was still undergoing testing and qualification and had not been finalized,” Boeing stated. Seven months earlier, Forkner had written to the FAA asking that they not include anything in the manuals about the new flight control system, known as the Maneuvering Characteristics Augmentation System (MCAS). Boeing provided the Department of Justice the transcript of the message exchange between Forkner and Gustavsson in February, the month before the second MAX crash in Ethiopia.
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4 Key Numbers From Netflix's Q3 Earnings Report
NFLX (Netflix Inc.) | The Motley Fool
Below are some of the key numbers from the company's most recent earnings that stood out to me. While revenue from its domestic streaming segment was up 25%, the international segment saw even more impressive growth of 40%, which was responsible for the higher overall growth rate. 20.2% international streaming marginWhile Netflix has been investing heavily to expand internationally, those efforts haven't always been very profitable. 6% increase in domestic paid membershipsThe one glaring concern for investors is the minimal growth the company has achieved in the domestic market. On the surface, Netflix had a good quarter, with sales and profit numbers to keep investors happy.
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Alexa and Google Home devices leveraged to phish and eavesdrop on users, again
AMZN (Amazon.com Inc.) | ZDNet
Hackers can abuse Amazon Alexa and Google Home smart assistants to eavesdrop on user conversations without users' knowledge, or trick users into handing over sensitive information. Security researchers have previously found similar phishing and eavesdropping vectors impacting Amazon Alexa in April 2018; Alexa and Google Home devices in May 2018; and again Alexa devices in August 2018. Both Amazon and Google have deployed countermeasures every time, yet newer ways to exploit smart assistants have continued to surface. Both the phishing and eavesdropping vectors are exploitable via the backend that Amazon and Google provide to developers of Alexa or Google Home custom apps. Neither Amazon nor Google have responded to requests for comment from ZDNet prior to this article's publication.
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* Companies mentioned: FB, JNJ, BA, NFLX and AMZN
In a big reversal, Libra reportedly could peg its cryptocurrencies to national currencies
FB (Facebook Inc) | Tech Crunch
Facebook is willing to reverse course on its plans to tie its digital currency project to a synthetic currency tied to a basket of global currencies. Facebook and its partners had intended to create its cryptocurrency by pegging it to a basket of national currencies whose holdings would be set by the Libra Association. The scrutiny from regulators proved too much for some of Facebook’s largest, and earliest, partners in the Libra Association, whose members would determine how the cryptocurrency would operate. Now, in another strategic reversal, Marcus is conceding the synthetic currency in favor of stablecoins tied to the local currency in each market that Libra would operate. “We could do it differently,” Reuters quoted the Libra Association chief as saying.
Read More
'The worst public health crisis in decades': First federal opioid trial slated to begin Monday
JNJ (Johnson & Johnson) | USA Today
CLOSE Whether it's cocaine, vaping or even your phone, addiction can alter your brain without you even being aware. Just the FAQs, USA TODAYThe landmark opioid litigation pitting state and local governments against makers and distributors of the highly addictive painkillers is set to go to trial Monday after attempts at a settlement broke down last week. (Photo: BackyardProduction / Getty Images)Cuyahoga and Summit counties in Ohio are suing drug manufacturer Teva Pharmaceuticals, four distributors and the drug store chain Walgreens claiming their practices contributed to the devastating opioid epidemic. In addition, the state and local governments could not resolve their differences. “When the first day of trial starts Monday, we look forward to sharing the facts – and the facts will show that opioid makers and distributors conspired to create and benefit from the worst public health crisis in decades,” the lawyers for the local governments said.
Read More
Boeing denies pilot messaging chat shows prior knowledge of 737 MAX flight control problem
BA (The Boeing Company) | The Seattle Times
In the chat conversation on Nov. 15, 2016, made public Friday by a congressional committee, 737 MAX chief technical pilot Mark Forkner told another pilot that when he’d flown the MAX in a flight simulator that day, the jet’s new flight control system behaved very erratically. In a Sunday morning statement, Boeing insisted this doesn’t mean it had prior knowledge of the system flaws that two years later would play a major role in the two deadly crashes in Indonesia and Ethiopia. “The simulator software used during the Nov. 15 session was still undergoing testing and qualification and had not been finalized,” Boeing stated. Seven months earlier, Forkner had written to the FAA asking that they not include anything in the manuals about the new flight control system, known as the Maneuvering Characteristics Augmentation System (MCAS). Boeing provided the Department of Justice the transcript of the message exchange between Forkner and Gustavsson in February, the month before the second MAX crash in Ethiopia.
Read More
4 Key Numbers From Netflix's Q3 Earnings Report
NFLX (Netflix Inc.) | The Motley Fool
Below are some of the key numbers from the company's most recent earnings that stood out to me. While revenue from its domestic streaming segment was up 25%, the international segment saw even more impressive growth of 40%, which was responsible for the higher overall growth rate. 20.2% international streaming marginWhile Netflix has been investing heavily to expand internationally, those efforts haven't always been very profitable. 6% increase in domestic paid membershipsThe one glaring concern for investors is the minimal growth the company has achieved in the domestic market. On the surface, Netflix had a good quarter, with sales and profit numbers to keep investors happy.
Read More
Alexa and Google Home devices leveraged to phish and eavesdrop on users, again
AMZN (Amazon.com Inc.) | ZDNet
Hackers can abuse Amazon Alexa and Google Home smart assistants to eavesdrop on user conversations without users' knowledge, or trick users into handing over sensitive information. Security researchers have previously found similar phishing and eavesdropping vectors impacting Amazon Alexa in April 2018; Alexa and Google Home devices in May 2018; and again Alexa devices in August 2018. Both Amazon and Google have deployed countermeasures every time, yet newer ways to exploit smart assistants have continued to surface. Both the phishing and eavesdropping vectors are exploitable via the backend that Amazon and Google provide to developers of Alexa or Google Home custom apps. Neither Amazon nor Google have responded to requests for comment from ZDNet prior to this article's publication.
Read More
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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