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Articles related to "business-insider"


What Earth lost when the Arecibo telescope collapsed - Business Insider

  • In its 57 years, the Arecibo Observatory in Puerto Rico revolutionized radio astronomy.
  • But after Tropical Storm Isaias passed over the island this summer, the cables holding the telescope's receiver platform above its reflector dish began to fail.
  • After that Arecibo's massive dish antennae began to ping celestial objects by reflecting radio waves from space to its suspended platform.
  • The technology focuses the telescope's radiation to the points in space that astronomers want to study.
  • Though Arecibo doesn't discover dangerous space rocks, it's instrumental in investigating them, Mendez said: The observatory can ping such objects with radar to decrypt their shape, rotation, surface features, and trajectory through space.
  • Other NSF facilities, like the Green Bank Observatory in West Virginia, could take on some Arecibo science.
  • But Mendez said Green Bank is only 10% to 20% as sensitive to weak radio signals as Arecibo was.

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Musk: Tesla open to potential rival merger, but not 'hostile takeover' - Business Insider

  • If one of Tesla's rivals suggested a merger, its CEO Elon Musk would be open to the discussion, he said Tuesday.
  • But the electric vehicle firm wouldn't launch a hostile takeover, he told Mathias Döpfner, CEO of Axel Springer, Business Insider's parent company.
  • Tesla's biggest electric vehicle rivals are mostly traditional car companies such as General Motors and Nissan.
  • Tesla received investment from Toyota and Mercedes parent Daimler early on — but it has largely gone its own way since, raising money by selling equity, including a $5 billion capital raise announced in September.
  • In the interview, Musk said that in the past he has faced hostility from rival car makers.
  • Legacy automakers told him that the idea of starting a car company was "crazy" and warned him that he would lose all his money.

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Pfizer COVID-19 vaccine: Why the US behind UK in approval - Business Insider

  • The FDA and the Medicines and Healthcare products Regulatory Agency (MHRA), the UK regulator, have different processes to review vaccines, Dr Penny Ward, a visiting professor in pharmaceutical medicine at King's College London, told The New York Times.
  • On Tuesday, Mark Meadows, chief of staff at the White House, asked FDA commissioner Stephen Hahn why he hasn't moved faster to approve Pfizer's vaccine, two senior administration officials told Axios.
  • Wednesday's announcement followed "the most rigorous scientific assessment of every piece of data" to meet safety, effectiveness, and quality standards, MHRA CEO Dr June Raine said at a press conference.
  • The MHRA reviewed data from the laboratory pre-clinical studies, clinical trials, manufacturing and quality controls, product sampling, and testing of the final vaccine, the UK government said.

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DOJ investigating 'secret lobbying scheme' to obtain pardon: court docs - Business Insider

  • The US Department of Justice is investigating an alleged "secret lobbying scheme" to obtain a pardon from President Donald Trump, according to court documents revealed on Tuesday.
  • Two persons are being investigated for having "acted as lobbyists to senior White House officials" without registering as such, according to the Department of Justice, which has seized "over fifty digital devices, including iPhones, iPads, laptops, thumb drives, and computer and external hard drives" related to the case, according to the federal government.
  • The partially redacted filings — several pages are blacked out — were released by the US District Court for the District of Columbia, which has been overseeing the case since the summer.
  • Howell rejected state arguments for keeping the documents under seal, ruling that they could in fact be released provided that personally-identifying information was redacted.

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Salesforce is buying workplace messaging app Slack for $27.7 billion - Business Insider

  • It is Salesforce's largest acquisition ever, and represents a more aggressive foray into office communication technology for the cloud giant at a time when remote work has made collaboration tools more essential.
  • Analysts say that the addition of Slack — itself the chief competitor to Microsoft Teams — will give Salesforce a way to similarly connect all of its various apps and services by way of a collaboration tool, making it more competitive in the doing.
  • It's also one of the largest deals the software industry has seen in recent years.
  • Salesforce's purchase of Slack ranks among mega-acquisitions from its peers: IBM's purchase of Red Hat for $34 billion in 2019 and Microsoft's purchase of LinkedIn for $27 billion in 2016 are two of the largest software deals in recent memory.

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Auris Medical skyrockets 480% after announcing lab-test results that show its nasal spray could protect against Covid-19

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  • Auris Medical soared as high as 480% on Tuesday after it announced lab-test results that show its nasal spray could protect against the coronavirus.
  • Shares of the Bermuda-based clinical stage company are now trading at over $5 per share, after closing at just $1.1 on Monday.
  • Auris tested its nasal spray, AM-301, on human nasal cells reconstituted in a lab.
  • Auris found that cultures treated with AM-301 right before inoculation with the coronavirus saw effective protection against the virus.
  • Meyer said that Auris Meyer will take AM-301 through additional tests and looks to submit to regulatory applications in 2021.
  • AM-301 is a drug free nasal spray being developed by Auris' affiliate, Altamira Medica.

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S&P 500 and Nasdaq close at record highs as investors bet that a vaccine will drive an economic rebound

  • US stocks gained on Tuesday as vaccine progress continued to lift stocks battered the most by the coronavirus pandemic.
  • Optimism toward vaccine rollouts continues to move investor cash from growth stocks to riskier areas of the market like value stocks and cyclical sectors.
  • The market's uptick retraced Monday losses and pulled stocks' bullish trend into December.
  • Major indexes still posted historic monthly gains, largely driven by encouraging vaccine news as COVID-19 cases soared.
  • The start-of-the-month uptick suggests bullishness will linger through the end of the year, but downside risks linger.
  • Though the company's third-quarter report beat Wall Street estimates, moderating growth led some to question whether the stock's 200% rally from the market's March low was sustainable.
  • A Wall Street expert breaks down why their outperformance is bound to continue over the next 4 to 5 years - and listed 2 bargain stocks to buy to capitalize on the trend.

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Airbnb real-estate investing: Shelby Osborne shares unique strategy - Business Insider

  • When Osborne was still active in the military, at age 22, she purchased a property in Washington State leveraging a VA (Veterans Affairs) loan — a mortgage accessible to active and veteran personnel.
  • Access to the loan enabled Osborne to scoop up the property with a $0 down payment.
  • Fast forward to today, and Osborne has grown that single rental property into a portfolio of 53 units, mostly located in Fayetteville, North Carolina.
  • There's no denying that the BRRRR strategy is one of the most powerful approaches in real-estate investing.
  • Essentially, the approach helps force equity into a property through renovations, which can then be leveraged when an investor decides to refinance.
  • Today, Osborne has used the BRRRR strategy to become the proud owner of 14 Airbnbs.

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Keith Rabois says being a conservative makes him a better investor - Business Insider

  • Keith Rabois is one of Silicon Valley's most successful investors, having backed more than a dozen unicorn startups valued at over $1 billion including Affirm, Airbnb, DoorDash, Palantir and Stripe.
  • But Rabois says his strong political viewpoint is one of the secrets to his investing success.
  • For example, his conservative viewpoint led him to back homeschooling startup Primer, whose seed round Rabois led through Founders Fund this year.
  • The company, which connects parents with existing homeschooling resources, formally announced its $3.7 million round in May, although Rabois says he closed his own investment by January.
  • Rabois said, as a conservative, he had been following data on the performance of homeschooled kids for a good twenty years and saw how they perform better on various educational outcomes than those in public schools.
  • Keith Rabois was an early investor in Airbnb, Palantir, and 5 other unicorns that went public this year.

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Volkswagen to race Tesla with 'Mission T' led by Porsche race engineer - Business Insider

  • Volkswagen has long been vocal about the work it must undertake to catch Tesla's lead on electric vehicles, and now the effort has a name: Mission T.
  • That effort began in April, CEO Herbert Diess said in a blog post, and brought together 31 senior executives from three of the storied German automaker's brands.
  • Together, they began to outline many of Volkswagen's announcements this year as it doubles down on a shared electric powertrain for many of its brands and a singular software to run them all.
  • By 2025, VW plans to have a fully electric vehicle for each of its brands, including Audi, Bentley, and Porsche.
  • Diess' blog post, while largely a summary of themes on which he's pontificated on for much of the year, comes at a pivotal moment for his career.

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