Scientists are inching toward developing a vaccine for AIDS, an immunodeficiency disease caused by the HIV virus that currently affects 36.7 million people worldwide, according to the World Health Organization. In a paper published in the journal Science in September, scientists from the National Institutes of Health and Paris-based pharmaceutical company Sanofi described a “three-pronged” […]
Read moreAssa Abloy, the Stockholm-based company that owns the Yale brand of locks, announced a deal on Thursday to acquire smart home start-up August Home. Terms were not disclosed, but it’s likely a sizable exit for a Silicon Valley darling backed by Bessemer Venture Partners, Qualcomm, Liberty Mutual and others. The start-up raised $25 million as […]
Read moreCouldn’t get a seat at the Communist Party congress in China this week, but still desperate to applaud President Xi Jinping’s three-and-a-half hour speech? There’s a smartphone game for that. Mr. Xi’s speech on Wednesday marked the start of the twice-a-decade leadership conclave in Beijing and laid out a vision of a China ready to […]
Read moreVerizon reported quarterly earnings that met analysts’ expectations on Thursday, and revenue that topped estimates, as it added far more phone customers than Wall Street’s forecast. How Verizon did in Q3 Adjusted EPS: 98 cents a share, excluding items vs. 98 cents per share expected by a Thomson Reuters consensus estimate Revenue: $31.72 billion vs. […]
Read moreElon Musk said Wednesday the second machine that will be used to dig tunnels underground for his Boring Company is “almost ready.” The Tesla and SpaceX CEO founded the Boring Company after being frustrated with traffic in Los Angeles. His idea is to build a series of tunnels in L.A. with cars being ferried around […]
Read more
ONE of the first corporate jets was owned by Harry Ogg, the president of a washing-machine company. Bought in 1929, the four-passenger plane was named “Smilin’ Thru” and was decked out with a desk, a typewriter and space for washing machines. On sales trips Ogg told the pilot to fly low over a town, with […]
Read moreCryptocurrencies are not “mature” enough to be considered by the European Central Bank (ECB) for regulation, Mario Draghi said. At a press conference last weekend, the ECB president addressed a question about the potential of cryptocurrencies like bitcoin. “With anything that’s new, people have great expectations and also great uncertainty. Right now we think that […]
Read more
YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of being slaves to short-term profit targets. Yet a few flout the orthodoxy in flamboyant fashion. Consider Tesla, a maker of electric cars. This year, so […]
Read moreChinese tech giant Tencent’s newest hit game wants you to applaud President Xi Jinping’s nearly three-and-a-half hour Communist Party congress address. Called “Excellent Speech: Clap for Xi Jinping,” a new mobile game from the tech behemoth asks users to “clap” for the Chinese leader by tapping on their screens as many times as they can […]
Read more
THESE are troubling times for Roberto Santana Flores, a Mexican maker of charro shirts, a modern take on the Mexican cowboy aesthetic. He recalls life before the North American Free-Trade Agreement (NAFTA), a trade deal linking Mexico with America and Canada. He remembers his shirts incurred a whopping 37.5% tariff if exported to America. Now […]
Read more