WASHINGTON — The Justice Department plans to bring an antitrust case against Google as soon as this month, after Attorney General William P. Barr overruled career lawyers who said they needed more time to build a strong case against one of the world’s wealthiest, most formidable technology companies, according to five people briefed on internal department conversations.

Justice Department officials told lawyers involved in the antitrust inquiry into Alphabet, the parent company of Google and YouTube, to wrap up their work by the end of September, according to three of the people. Most of the 40-odd lawyers who had been working on the investigation opposed the deadline. Some said they would not sign the complaint, and several of them left the case this summer.

Some argued this summer in a memo that ran hundreds of pages that they could bring a strong case but needed more time, according to people

Read More

Elon Musk

Jim Watson | AFP | Getty Images

Tesla shares slid 9% on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the automaker said it would raise up to $5 billion in a new share offering.

With Thursday’s decline, the stock is more than 18% below Monday’s close, a day when the name surged following its stock split.

Tesla shares rose to a new intraday all-time high of $502.49 on Tuesday. The stock then ended Tuesday’s session 4.67% lower as Tesla announced that it would raise up to $5 billion through stock offerings “from time to time” and “at-the-market” prices.

Then on Wednesday, Baillie Gifford, Tesla’s largest outside shareholder said it reduced its position in the company from around 6.3% to less than 5%, according to FactSet. The firm said that it intends to remain a long-term shareholder in

Read More

The global tally of confirmed cases of the coronavirus that causes COVID-19 climbed above 26 million on Thursday, while the U.S. tally rose above 6.1 million, amid growing concerns that President Donald Trump’s administration may attempt to rush out a vaccine ahead of the November presidential election.

Those concerns were fueled by the news that the head of the Centers for Disease Control and Prevention has sent a letter to governors, urging them to prepare to start distributing a COVID-19 vaccine in their states by Nov. 1, just two days before the election.

In the letter dated Aug. 27, CDC head Robert Redfield said states “in the near future” will receive permit applications from drug distributor McKesson Corp.
which has contracted with CDC to distribute vaccines to places including state and local health departments and hospitals, as the Associated Press reported.

“CDC urgently requests your assistance in

Read More

Integrated fruit company, INI Farms has introduced an origin traceability feature for all its fruits in the international and domestic market under the technology program called “FruitRoute”.

Every fruit under its brand Kimaye can now be traced back to its source by scanning the dynamic QR code on it. Consumers can scan with their smartphones, allowing them to track the product from farm to table, the company said in a press statement on Thursday.

From farm to table

The statement said that the feature provides farmer-level traceability to the end-consumer, enabling them to know where and who has grown the fruit. The feature will provide footprint data of the journey of each fruit from pre-harvest to market shelf.

This feature is currently available for pomegranates, arils and coconut. Bananas will carry the QR Code on the fruit from December onwards. The traceability feature also creates operational efficiency by reaching the

Read More

Facebook will pay users of its main app and Instagram as part of a study it’s conducting ahead of the 2020 US elections, The Washington Post journalist Elizabeth Dwoskin reported on Thursday.

On Monday, Facebook announced its plans for the study, a partnership with 17 outside academic researchers that  aims to “better understand the impact of Facebook and Instagram on key political attitudes and behaviors.”

“It will examine the impact of how people interact with our products, including content shared in News Feed and across Instagram, and the role of features like content ranking systems,” the company said, by asking some Facebook and Instagram users to deactivate their accounts or agree to “targeted changes” to their experiences ahead of the November elections and running through December.

Dwoskin captured screenshots of notifications sent to some Instagram users this week asking them how much they’d have to be compensated to deactivate their

Read More

Rochester selected for national grant to support additional academic advising services and other enrichment activities to help programs reach more students.

The University of Rochester will significantly expand the support services offered to its low-income, first-generation college students as a result of a five-year, $1.3 million grant from the US Department of Education (DOE). The University has already received generous support from the DOE for initiatives such as the Ronald E. McNair Postbaccalaureate Achievement, Talent Search, and Upward Bound programs; the new grant provides additional resources for academic advising, financial assistance, and enrichment activities for students.

The Student Support Services award—like the McNair, Talent Search, and Upward Bound programs—will be administered in the David T. Kearns Center for Leadership and Diversity in Arts, Sciences & Engineering.

Beth Olivares, dean for diversity in Arts, Sciences & Engineering and executive director of the Kearns Center, says that the center “has been academic

Read More

Adds details on deal, background on Indonesian diaper market

Sept 3 (Reuters)Kimberly-Clark Corp KMB.N said on Thursday it would buy diaper maker Softex Indonesia for $1.2 billion in cash from a group of shareholders that includes CVC Capital Partners Asia Pacific, as it looks to boost its presence in South East Asia.

The company, which makes Cottonelle toilet paper, Kleenex facial tissue, as well as Huggies diapers, said Softex would help expand its market share in Indonesia, where demand for disposable diapers has swelled in recent years due to a growing middle class.

The diaper market in Indonesia is currently estimated at $1.6 billion, the sixth largest in the world, Kimberly-Clark said.

About 80% of Softex’s $420 million in annual sales comes from diapers, while the rest comprises feminine and adult care products.

Kimberly-Clark has seen sales surge in the United States due to a boom in

Read More

A man counting gold bars.

Akos Stiller | Bloomberg | Getty Images

Gold prices fell to a near one-week low on Thursday, as positive economic data from the United States elevated hopes for a quick economic recovery, denting the safe-haven metal’s appeal.

Spot gold was down by 0.6% to $1,930.58 per ounce, having earlier fallen to $1,926.99. U.S. gold futures dropped 1.7% to settle at $1,944.70.

A drop in jobless claims and positive manufacturing data early in the week are taking some shine off gold, said David Meger, director of metals trading at High Ridge Futures.

U.S. weekly jobless claims fell below 1 million last week for the second time since the pandemic started, but did not signal a strong recovery in the labor market.

Data this week boosted optimism about a steady recovery as new orders for U.S.-made goods increased more than expected in July, while U.S. manufacturing data

Read More

  • As the USPS becomes the latest target of the Trump administration, with disastrous implications for this November’s election, a campaign to buy postal merch in order to save the institution from economic hardship has spread like wildfire on social media.
  • Trump has repeatedly challenged mail-in voting, which is set to be crucial given the dangers of voting in person during the coronavirus pandemic, and his postmaster general has removed sorting machines and blue mailboxes and declined to approve overtime — all measures that could leave votes uncounted.
  • Press Secretary Kayleigh McEnany said this week that Trump may not accept the results of the election, regardless of which votes get counted.
  • The youth of the country don’t seem to know what else to do except buy merchandise in protest.
  • Visit Business Insider’s homepage for more stories.

Things are bleak in America. How bleak, you ask? Things have gotten so bad that

Read More

A similar, albeit purple, order.

Photo: Courtesy of Flowerbx

First founded in 2015 by former fashion industry executive Whitney Bromberg Hawkings, Flowerbx has grown to be a verdant part of Europe’s digital landscape. (The service is currently available in 21 European countries and counting.) Last year, it popped up in New York just in time for Mother’s Day. And now, plans for the company’s U.S. expansion have accelerated somewhat dramatically, due in major part to the global pandemic. 

“I wake up thankful every morning that I started a company people actually need right now,” Hawkings, who spent nearly two decades as Tom Ford’s vice president of communications, says to AD PRO. “People want flowers, and the fact that we’re digitally native puts us in a really good position.”

As with its earlier than expected expansion across the East Coast this past April, the West Coast launch has been brought way

Read More