Tag: United States
Gates Foundation-backed program will soon be issuing home testing kits for COVID-19 in Seattle
A project funded by the Gates Foundation will soon begin issuing at-home testing kits for the novel coronavirus, COVID-19, according to a report in the Seattle Times. The study, based on a nose-swab should be able to return results in up to two days and will be shared with health…
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Big tech commits to paying wages for hourly employees affected by coronavirus plans
Following Microsoft’s lead from late last night, some the biggest technology companies in the U.S. have agreed to pay wages for hourly employees impacted by the ongoing corporate response to the coronavirus outbreak. It’s the right thing for companies to do, from both a health and safety perspective, and to…
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Stocks fall again on continued coronavirus worries
Is it good news to say that stocks fell less sharply than they had on previous days? That’s the bright side of another turbulent trading day across the Nasdaq and New York Stock Exchange. The major indices were down again — although their declines were less severe than they had…
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Tesla gets OK to produce long-range Model 3 at China factory
Tesla has received government approval to produce the long-range rear-wheel-drive version of its Model 3 vehicle at its Chinese factory, according to documents posted Friday on the Ministry of Industry and Information Technology website. Reuters was the first to report the story. Tesla started producing a standard-range-plus rear-whee-drive version of…
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Grindr sold by Chinese owner after US raised national security concerns
Chinese gaming giant Beijing Kunlun has agreed to sell popular gay dating app Grindr for about $608 million, ending a tumultuous four years under Chinese ownership. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based company, San Vicente Acquisition Partners. The app, originally developed…
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Rigetti Computing took a $71 million down round, because quantum computing is hard
The $71 million in financing that quantum computing technology developer Rigetti Computing recently raised came at a significant cut to the company’s valuation, according to several sources with knowledge of the company. The company declined to comment on its valuation or the recent round of funding it secured. Rigetti is…
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