Microsoft to employ California's digital privacy law nationwide
* Stories are summarized by an A.I.
* Companies mentioned: MSFT, AMZN, GS, GOOG, SPOT, and UL
Microsoft to employ California's digital privacy law nationwide
MSFT (Microsoft Corporation) | CNET
Microsoft said Monday it plans to follow California's digital privacy law throughout the US. Microsoft said in a blog post that it's a strong supporter of the California Consumer Privacy Act, which goes into effect on Jan. 1. "It also shows that we can make progress to strengthen privacy protections in this country at the state level even when Congress can't or won't act." The push to pass the California privacy law came as data privacy scandals brought the anger of lawmakers and regulators down on Silicon Valley. The European Union last year rolled out new privacy regulations for its citizens called the General Data Privacy Regulation, but the US doesn't have a similar law at the federal level.
Read More
Helicopter Government? How The Internet Of Things Enables Pushbutton Regulation From A Distance
AMZN (Amazon.com Inc.) | Forbes
The EPA has protested exemptions to the Digital Millennium Copyright Act that might permit owners and researchers to access and modify vehicle software on the grounds that emissions might increase. The “Smart Cities” craze may present the most significant threat of Regulation from A Distance, though. But that can’t be the case if smart cities amount to the major automakers teaming up with planners for a lock on the market. The gaps and sub-optimality imposed by the threat of top-down, siloed IoT regulation are symptomatic of the myth that federal agencies offer expertise, let alone the myth of impartiality. The Internet of Things also needs to be the Internet of Thinks; that means not entrenching dumb, permanent market-socialist policy via misuse of remote regulation and pushbutton bureaucracy.
Read More
Goldman Sachs will reevaluate Apple Card credit limits after bias allegations
GS (Goldman Sachs Group Inc) | CNBC
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Goldman Sachs denied allegations of gender bias and said on Monday that it will reevaluate credit limits for Apple Card users on a case-by-case basis for customers who received lower credit lines than expected. "In fact, we do not know your gender or marital status during the Apple Card application process." Goldman s looking into ways for family members to share a single Apple Card account, which would address the issue. Affected users can contact Goldman Sachs through a chat in the iPhone Wallet app or at the company's customer service number.
Read More
Project leak claims Google is collecting millions of health records
GOOG (Alphabet Inc.) | Slash Gear
A new leak alleges that Google is collecting millions of health records on Americans under a partnership with Catholic healthcare chain Ascension under an initiative dubbed ‘Project Nightingale.’ The report claims that under this partnership, Google has been getting data on patients that “amounts to a complete health history,” including everything from the patients’ names to their diagnoses and lab results. Project Nightingale is allegedly the name of the Google system that is fed patient data, something said to be happening without those patients’ consent. Information provided to the system reportedly includes things like the medications they’re taking, their list of medical conditions, x-rays and other scans, lab test results, and past hospitalizations. The report claims that 150 or more Google employees have access to “much” of the information that is provided, which is said to amount to ‘tens of millions’ of people. The company goes on to state that its work with Google is HIPAA compliant and protected by ‘robust data security.’
Read More
Spotify's Gross Margin Has More Upside Than You Think
SPOT (Spotify Technology S.A.) | The Motley Fool
Despite that, Spotify has significant potential to expand its gross margin in at least three other ways. Spotify keeps all the ad revenue generated by this content, and ad revenue has much higher margins than label-controlled music. It is still early, but if non-music content makes up 25% of listening in five to 10 years and has a 40% gross margin, all else equal, that alone would drive Spotify's reported gross margin from around 26% today to almost 30%. It is too early to tell how big this could be, and management has not given specific guidance, but it should be large enough to noticeably drive gross margins higher given its extremely high margins. This should contribute to gross margin expansion over time.
Read More
Burger King picks Unilever to make plant-based Whoppers in Europe
UL (Unilever PLC) | Financial Post
Burger King on Monday rolled out a meat-free version of its Whopper burger in 25 European countries, using patties made by Unilever Plc to strengthen its foothold in the exploding market for plant-based food served in restaurant chains. For instance, the plant-based Whopper that Silicon Valley-based Impossible Foods makes for Burger King costs $5.59, vs. $4.19 for a beef Whopper. Restaurant Brands said last month that the Impossible Whopper had become one of Burger King’s most successful launches ever. Burger King began testing a different version of the Rebel Whopper in Sweden this summer, tying up with Dutch faux meat maker Vivera BV. Burger King this month starts selling another plant-based Rebel Whopper throughout Brazil, made by meatpacker Marfrig Global Foods SA in partnership with commodities trader Archer Daniels Midland Co.
Read More
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* Companies mentioned: MSFT, AMZN, GS, GOOG, SPOT, and UL
Microsoft to employ California's digital privacy law nationwide
MSFT (Microsoft Corporation) | CNET
Microsoft said Monday it plans to follow California's digital privacy law throughout the US. Microsoft said in a blog post that it's a strong supporter of the California Consumer Privacy Act, which goes into effect on Jan. 1. "It also shows that we can make progress to strengthen privacy protections in this country at the state level even when Congress can't or won't act." The push to pass the California privacy law came as data privacy scandals brought the anger of lawmakers and regulators down on Silicon Valley. The European Union last year rolled out new privacy regulations for its citizens called the General Data Privacy Regulation, but the US doesn't have a similar law at the federal level.
Read More
Helicopter Government? How The Internet Of Things Enables Pushbutton Regulation From A Distance
AMZN (Amazon.com Inc.) | Forbes
The EPA has protested exemptions to the Digital Millennium Copyright Act that might permit owners and researchers to access and modify vehicle software on the grounds that emissions might increase. The “Smart Cities” craze may present the most significant threat of Regulation from A Distance, though. But that can’t be the case if smart cities amount to the major automakers teaming up with planners for a lock on the market. The gaps and sub-optimality imposed by the threat of top-down, siloed IoT regulation are symptomatic of the myth that federal agencies offer expertise, let alone the myth of impartiality. The Internet of Things also needs to be the Internet of Thinks; that means not entrenching dumb, permanent market-socialist policy via misuse of remote regulation and pushbutton bureaucracy.
Read More
Goldman Sachs will reevaluate Apple Card credit limits after bias allegations
GS (Goldman Sachs Group Inc) | CNBC
Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Goldman Sachs denied allegations of gender bias and said on Monday that it will reevaluate credit limits for Apple Card users on a case-by-case basis for customers who received lower credit lines than expected. "In fact, we do not know your gender or marital status during the Apple Card application process." Goldman s looking into ways for family members to share a single Apple Card account, which would address the issue. Affected users can contact Goldman Sachs through a chat in the iPhone Wallet app or at the company's customer service number.
Read More
Project leak claims Google is collecting millions of health records
GOOG (Alphabet Inc.) | Slash Gear
A new leak alleges that Google is collecting millions of health records on Americans under a partnership with Catholic healthcare chain Ascension under an initiative dubbed ‘Project Nightingale.’ The report claims that under this partnership, Google has been getting data on patients that “amounts to a complete health history,” including everything from the patients’ names to their diagnoses and lab results. Project Nightingale is allegedly the name of the Google system that is fed patient data, something said to be happening without those patients’ consent. Information provided to the system reportedly includes things like the medications they’re taking, their list of medical conditions, x-rays and other scans, lab test results, and past hospitalizations. The report claims that 150 or more Google employees have access to “much” of the information that is provided, which is said to amount to ‘tens of millions’ of people. The company goes on to state that its work with Google is HIPAA compliant and protected by ‘robust data security.’
Read More
Spotify's Gross Margin Has More Upside Than You Think
SPOT (Spotify Technology S.A.) | The Motley Fool
Despite that, Spotify has significant potential to expand its gross margin in at least three other ways. Spotify keeps all the ad revenue generated by this content, and ad revenue has much higher margins than label-controlled music. It is still early, but if non-music content makes up 25% of listening in five to 10 years and has a 40% gross margin, all else equal, that alone would drive Spotify's reported gross margin from around 26% today to almost 30%. It is too early to tell how big this could be, and management has not given specific guidance, but it should be large enough to noticeably drive gross margins higher given its extremely high margins. This should contribute to gross margin expansion over time.
Read More
Burger King picks Unilever to make plant-based Whoppers in Europe
UL (Unilever PLC) | Financial Post
Burger King on Monday rolled out a meat-free version of its Whopper burger in 25 European countries, using patties made by Unilever Plc to strengthen its foothold in the exploding market for plant-based food served in restaurant chains. For instance, the plant-based Whopper that Silicon Valley-based Impossible Foods makes for Burger King costs $5.59, vs. $4.19 for a beef Whopper. Restaurant Brands said last month that the Impossible Whopper had become one of Burger King’s most successful launches ever. Burger King began testing a different version of the Rebel Whopper in Sweden this summer, tying up with Dutch faux meat maker Vivera BV. Burger King this month starts selling another plant-based Rebel Whopper throughout Brazil, made by meatpacker Marfrig Global Foods SA in partnership with commodities trader Archer Daniels Midland Co.
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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