By Emma Nitzsche Last summer, ADT announced a long-term partnership with Google to create the next generation of smart home security offerings. But ADT is betting on the partnership to do more than release new products. Faced with intense competition from other home security companies, ADT is looking to Google to help grow revenue and get out [...]
By Emma Nitzsche Honda introduced its new electric SUV called the Prologue today, marking its commitment to transition away from gasoline cars. The new name is meant to symbolize the beginning of the company’s new electrified era. The Japanese automaker will partner with General Motors and use its battery system in the new vehicle. GM announced it would build [...]
By Emma Nitzsche FBI Director Christopher Wray implored public companies and other hacking victims to stop paying ransom to cybercriminals. Wray's statement comes after several major companies participated in multimillion-dollar transactions to regain control of their systems from hackers. Wray testified before the U.S. Senate appropriations panel earlier this week. In his testimony, he stated that the [...]
By Emma Nitzsche Embark Trucks Inc. announced a deal to take its self-driving truck start-up public via a special purpose acquisition company (SPAC). The San Francisco-based developer will merge with the Northern Genesis Acquisition Corp (NGAB). The deal will boost Embark’s evaluation to as much as $5.2 billion and provide up to $414 million in cash. Led [...]
By Emma Nitzsche The White House is preparing to replace the leader of the Federal Housing Finance Agency (FHFA) after a Supreme Court ruling from Wednesday. The Court ruled that the FHFA’s leadership structure is unconstitutional under the separation of powers doctrine. The decision also shuts down a separate claim brought by shareholders of mortgage finance companies [...]
By Emma Nitzsche A federal jury in Waco, Texas, ruled in favor of Amazon after the company engaged in a patent trial against Freshub, an emerging Smart Kitchen Commerce technology company. Freshub claimed that Amazon’s Alexa-enabled devices used some of the same technology as its refrigerator camera. Freshub accused Amazon of reordering groceries, making lists, [...]
By Emma Nitzsche The Covid-19 pandemic created a surge in the number of people utilizing telehealth, and as healthcare facilities begin to recover from the pandemic, the demand for online services remains. Telehealth is a broad term that refers to using electronic information or telecommunications to provide health care or health education. Patients using [...]
By Emma Nitzsche On Tuesday, Peloton launched a corporate wellness program targeting employees headed back into the office. Businesses that sign up with Peloton can offer employees discounted prices on fitness equipment and digital workout memberships. So far, several companies have joined the program, including Samsung, SAP, Wayfair, and Sky. The perk could help companies lure employees back to [...]
By Emma Nitzsche 8/3/21 Update: Continuing to live up to its name as "the worst airline," American Airlines canceled and delayed an additional 3,000 flights Sunday due to continuing staff shortages. While the original cancelations reported in early July only represented 1% of American's operations, the additional cancelations now total 12% of the airline's mainline [...]
By Emma Nitzsche The impact of high demand for electronic chips coupled with short supply has come for consumers. The global chip shortage has finally caught up to the American public, and many consumers are noticing higher prices for everyday electronic devices such as smartphones, printers, and laptops. Although the electronic industry felt the effects [...]
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