After several months of what can only be only called bad PR and troubling news coming out of the ExxonMobil-led $19 bn Papua New Guinea (PNG) LNG project, finally some good news has broken. Project partner Oil Search, which holds a 29 percent stake, said the project had agreed to a deal to supply LNG to a unit of British oil giant BP.
Short of chucking your phone into the river, shunning the internet, and learning to read paper maps again, there’s not much you can do to keep Google from collecting data about you.
So says a Vanderbilt University computer scientist who led an analysis of Google’s data collection practices.
Living in China in the early 2000s changed my perspective. I saw firsthand that the outside world’s view–China was good at copying but bad at innovating–was simply wrong. While many were focused on the low prices of Chinese imports and those eerily similar Chinese knockoffs of beloved Western gadgets and appliances, it was clear to me, from meeting companies like Baidu and Huawei, that something tectonic was happening. China, it turns out, was building a global artificial intelligence empire, and seeding the tech ecosystem of the future.
The last few Windows Insider preview builds of Windows 10 have offered few new features and have instead focused on fixing bugs.
The latest build, released today, takes a step toward completion: it has changed the operating system’s version stamp. Until now, the previews have called themselves version 1803, the release from earlier this year. Today’s build updates that version label to 1809, showing that Microsoft intends to wrap up its development in September with an October release likely to follow.
Investors pulled money from both stock and bond funds in the past week, and shifted money within U.S. equities to health care and out of tech and financials.
According to Bank of America Merrill Lynch, investors pulled $3.6 billion out of equity mutual funds and ETFs, with $2.6 billion out of U.S. stocks. But as investors took a defensive posture on stocks, they also dumped government debt, with net outflows of $1.5 billion from Treasurys and government bonds, the biggest since December 2016. Overall, bonds lost a total of $2.3 billion.
Stock-market investors shouldn’t get too used to the dollar rally, Goldman Sachs analysts warned Friday.
They expect the U.S. dollar to weaken by 7% over the next 12 months and urged investors to factor that outlook into their equity positions.
Stock prices in Chinese education companies listed in Hong Kong have come under pressure after the central government issued a draft proposal that would tighten regulations.
Shares in a number of the companies plunged on Monday, with some closing nearly 40 percent lower, though they began clawing back some of the losses in Tuesday trading.
Weekly Market Review – December 21, 2024
Medtronic appoints new chief medical officer for digital surgery and robotics
Neurocrine’s bid to save schizophrenia prospect fails
FDA greenlights over-the-counter hearing aid features for Apple’s AirPods
Oncternal folds all clinical trials after lackluster data drop, patient death
Zenas, MBX and Bicara all head to Nasdaq in hot day for biotech IPOs
FDA pushed to be more open, collaborative to accelerate rare disease R&D
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Inflammatix collects $57M as it awaits FDA review of infectious disease test
Sanofi’s $80M bet on Fulcrum’s dystrophy drug ends in phase 3 failure after 4 months
