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Microsoft is partnering with JPMorgan Chase on its blockchain product

Microsoft is partnering with JPMorgan Chase on its blockchain product

Microsoft is teaming up with JPMorgan Chase to help boost the financial-services giant's blockchain platform, the companies said on Thursday. Microsoft's cloud-computing platform, Azure, will make JPMorgan's platform, called Quorum, available on the software maker's blockchain service. Quorum will be the first ledger available on the Azure blockchain platform, Mark Russinovich, the chief technology officer of Microsoft's cloud-services division, said in a blog post.
Qualcomm Sees Up to $4.7 Billion Payment From Apple Deal

Qualcomm Sees Up to $4.7 Billion Payment From Apple Deal

Apple Inc. will pay Qualcomm Inc. $4.5 billion to $4.7 billion to catch up on licensing fees accrued during a two-year legal battle between the companies settled last month. Qualcomm made the disclosure in its earnings report Wednesday, while Apple declined to answer questions about the settlement during its own second-quarter earnings conference call on Tuesday. The figure was less than the $7 billion Qualcomm claimed Apple owed. Apple had accused its former chip supplier of using a strong position in cellular modems to force the payment for artificially inflated technology licensing. It hadn’t made payments to contract manufacturers that get passed along to Qualcomm since the beginning of the second quarter in 2017.
Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up @Leisure Group from Axel Springer for about $415 million (€369.5 million). Axel Springer had a 51 percent share of the company and said it would be receiving €180 million in the deal, including the repayment of a shareholder loan of around €60 million, and a spokesperson for OYO confirmed to TechCrunch that the full price was €369.5 million.
Amazon says AT&T, Accenture, and Nestle are all using its blockchain tools

Amazon says AT&T, Accenture, and Nestle are all using its blockchain tools

Amazon is ramping up its blockchain services – and it’s already convinced giants like AT&T, Accenture and Nestle to use them. The company’s cloud solutions subsidiary, Amazon Web Services (AWS), announced its Amazon Managed Blockchain suite is now “generally available” (whatever that means). On first glimpse, it seems that AWS is simply opening up the service to anyone interested in building “decentralized” solutions – and willing to pay for it. It appears AWS is targeting businesses dealing with finance, logistics, retail, and energy management for the service, highlighting they can rely on it to keep an immutable record of their transactions without the need of a trusted authority
Highlights from the Six Colors Transcription of Apple’s Q2 2019 Earnings Call

Highlights from the Six Colors Transcription of Apple’s Q2 2019 Earnings Call

Where better to get a little 'color' on Apple's earnings than from a full transcript of the company's earnings call with Wall Street analysts published by Six Colors? As in the past, Jason Snell has transcribed Apple's presentation to Wall Street analysts along with the question and answer session at the end of the call. Here are a few of the highlights: The iPad made a strong showing in China with Cook reporting that: For iPad, we were very happy to return to growth in Greater China, while generating strong double-digit growth in each of our other geographic segments. Our great iPad results were driven primarily by strong customer response to iPad Pro.
Researchers use virtual reality, GIS data to enhance trail management

Researchers use virtual reality, GIS data to enhance trail management

BLACKSBURG — A team of Virginia Tech researchers has transformed Torgersen Hall on campus into the Appalachian Trail. Using augmented reality, GIS data and 3D printing, people who manage the internationally known footpath can utilize technology to improve its management, researchers and stakeholders said during a workshop meeting at Tech this week. The researchers and trail managers are especially interested in protecting its majestic views. Earlier this week, the Tech researchers from the Center for Geospatial Information Technology showed off their tools to a group of people from the Appalachian Trail Conservancy and the National Park Service.
Texas Lawmakers Approve Marijuana Decriminalization Bill

Texas Lawmakers Approve Marijuana Decriminalization Bill

Texas would become the 25th state in the U.S. to remove the threat of being jailed as a punishment for possessing small amounts of marijuana under a bill approved by the state House of Representatives on Monday. The legislation, which would punish people caught with an ounce or less of cannabis with a $500 fine instead of arrest and incarceration, passed by a vote of 98 to 43. Rep. Joseph Moody (D), the chief sponsor, amended the bill on the floor in order to win more support from colleagues. An earlier version included a lower fine—$250—and would have treated low-level possession as a civil infraction instead of a class C misdemeanor as is the case under the revised proposal.
Apple stock spikes after reporting strong guidance and earnings beat

Apple stock spikes after reporting strong guidance and earnings beat

Apple reported earnings for its March quarter Tuesday that fell in line with expectations, although revenue was down from the same period last year. However, Apple’s guidance for next quarter was higher than analysts expected, and it said it planned to spend $75 billion buying back its own shares. Apple stock spiked over 4% and it approached a $1 trillion market value in extended trading.
E*Trade Is Close to Launching Cryptocurrency Trading

E*Trade Is Close to Launching Cryptocurrency Trading

E*Trade Financial Corp. is getting ready to let customers trade cryptocurrencies on its platform, according to a person familiar with the matter. The firm will start by adding Bitcoin and Ethereum, and will consider adding other currencies in the future, said the person, who asked to remain anonymous because the matter is private. A spokesman for E*Trade declined to comment. E*Trade would be one of the largest securities brokerages to allow crypto trading. It will enter into a competitive market with startups like Coinbase Inc., which have made names for themselves as go-to places for such transactions.
Congress Will Hold A Hearing On Three Marijuana Bills Next Week

Congress Will Hold A Hearing On Three Marijuana Bills Next Week

In the latest sign that congressional Democrats are using their new majority to prioritize marijuana law reform issues that languished under prior Republican leadership, a House subcommittee has scheduled a hearing on Tuesday to discuss three cannabis bills focusing on military veterans. The legislation up for consideration concerns veterans’ access to medical marijuana, expanding research on cannabis’s therapeutic value and protecting U.S. Department of Veterans Affairs (VA) benefits for those using the drug in compliance with state law. It will be the second marijuana-related hearing of the 116th Congress, following a separate House committee’s appro


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