FDA OKs Field Trial of Genetically Engineered Mosquitoes to Stop Zika Virus

The United States will soon control the local population of Aedes aegypti mosquito, a vector of disease-causing microorganisms such the Zika virus, yellow fever virus, dengue virus, and chikungunya virus. The U.S. Food and Drug Administration (FDA) pushed the greenlight for Oxitec to conduct a field trial of genetically engineered mosquitoes to stop the population of Aedes aegypti mosquito in Key Haven, Florida. Field trial will not have significant environment impact Today, the FDA’s Center for Veterinary Medicine (FDA-CVM) published its final findings of no significant impact (FONSI) and final environment assessment…

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Apple Inc. (AAPL) Offers Big Cash Rewards to Bug Finders

Apple

Apple Inc. (NASDAQ: AAPL) plans to offer big cash rewards to security researchers who can help find critical vulnerabilities in its products. Some technology companies such as Facebook (NASDAQ: FB), Google, and Microsoft have vulnerability reward programs for years, which encourage the security research community to report any vulnerability they can find. Apple is offering a reward of as much as $200,000 Ivan Krstic, the head of engineering and architecture at Apple announced the company’s bug bounty program during the Black Hat Conference in Las Vegas on Thursday. The Cupertino-based…

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Meg Whitman Endorses Hillary Clinton; Calls Donald Trump Demagogue

Hewlett Packard CEO Meg Whitman

Meg Whitman, the president and CEO of Hewlett Packard Enterprise (NYSE: HPE) endorsed Hillary Clinton to become the next president of the United States. Whitman is former Republican gubernatorial candidate in California and a major donor to the party. She is one of the high-profile Republicans who decided to crossover. Whitman said America needs Clinton’s leadership In a statement, Whitman said, “Donald Trump’s demagoguery has undermined the fabric of our national character. America needs the kind of stable and aspirational leadership Secretary Clinton can provide.” Whitman encouraged her fellow Republicans…

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Samsung Unveils Galaxy Note 7 with Iris-Scanning Technology

Samsung Electronics (KRX: 005930) unveiled the Galaxy Note 7 with innovative features such as the iris-scanning camera. With its new large-screen smartphone, the South Korean electronics giant showed it is working hard to maintain its dominance in the global smartphone market. During the first quarter of 2016, Samsung extended its lead over Apple Inc. (NASDAQ:AAPL) with 23.2% market share in the global smartphone market. The iPhone maker’s market share was 14.8%, according to data from Gartner. In a statement, DJ Koh, president of Mobile Communications Business at Samsung, said, “The…

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Buffett Challenges Trump to Release Tax Return, Let People Ask Questions

Warren Buffett

Billionaire Warren Buffett challenged Donald Trump to release his tax returns and allow people to ask questions about the items on it during a campaign rally for Hillary Clinton in Omaha, Nebraska on Monday. In his remarks, Buffett emphasized that every presidential candidate over the past 40 years showed their tax returns to the public. He noted that Trump gave different explanations for not releasing his tax returns such as the fact that he submitted his financial statement to the election commissioner, list of his assets and liabilities. “Believe me,…

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Court Cancels Verdict Requiring Apple to Pay $625.6M to VirnetX in Patent Case

Apple

A federal judge cancelled a jury verdict requiring Apple Inc. (NASDAQ: AAPL) to pay $625.6 million VirnetX Holding Corporation (NYSEMKT: VHC) in a patent lawsuit. In February, a jury in the U.S. Court for the Easter District of Texas, Tyler Division found that Apple’s VPN On-Demand (VOD), iMessage, and FaceTime services violated the four patents of VirnetX in February. The stock price of VirnetX plummeted more than 43% to $2.43 per share while Apple’s shares gained 1.77% to $106.05 each today. Court orders separate retrial of two patent cases against…

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SolarCity Signs $2.6B Merger Deal with Tesla; Shares Tank

Tesla SolarCity merger

SolarCity (NASDAQ:SCTY) signed a $2.6 billion all-stock merger agreement with Tesla Motors (NASDAQ:TSLA). The combination of the companies would create the only vertically integrated sustainable energy company around the world. Tesla offered to acquire the solar energy company last month, which was considered questionable by CtW Investment Group, a shareholder of the electric car manufacturer. The investment group emphasized that Tesla has governance deficiencies that needs to be addressed before finalizing its transaction with SolarCity.  Some of the Board Members of both companies recuse themselves in the decision process. The stock…

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Apple Asks Supreme Court to Rule against Samsung over Damages for Infringing Design Patents

Apple Inc. (NASDAQ:AAPL) filed a legal brief asking the United States Supreme Court to rule against the argument of Samsung Electronics (KRX:005930) related to its damages for infringing the iPhone design patents. The two leading competitors in the smartphone industry have been engaged in legal battle over patents for years. The legal dispute started in 2011 when Apple accused Samsung of violating its iPhone’s design and patents. The Cupertino-based proved that Samsung deliberately copied the iPhone’s looks and many of its user interface features to revive its. Apple says no…

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Alphabet Shares Spike after 2Q Earnings Surpass Estimates

The shares of Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), the parent company of Google, traded near all-time high during the extended trading on Thursday after reporting its second quarter earnings that beat the estimates of Wall Street analysts. Alphabet’s Class A shares (GOOGL) and Class C (GOOG) shares climbed more than 4% to $801.25 per share and $776 per share around 6:40 p.m. in New York. Alphabet financial results Alphabet reported adjusted earnings of $8.42 per share in the second quarter, up from $6.99 per share in the same period a year…

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