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Monday, 7 December 2020

FCC awards $9.2 billion to deploy broadband to 5.2 million U.S. homes, businesses

FCC awards $9.2 billion to deploy broadband to 5.2 million U.S. homes, businesses

The U.S. Federal Communications Commission said that it was awarding $9.2 billion to provide high-speed broadband internet service to 5.22 million unserved homes and businesses.

Canadian police officer was 'uncomfortable' assisting FBI in Huawei CFO's extradition

A police officer stationed at Vancouver's airport on the day Huawei Chief Financial Officer Meng Wanzhou was arrested two years ago testified on Monday he found himself to be in a "very uncomfortable position" as the point of contact for the U.S. Federal Bureau of Investigation (FBI).

Uber sells ATG self-driving business to Aurora at $4 billion

Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability.

Palantir wins $44 million FDA contract, boosting shares 21%

Data analytics company Palantir Technologies Inc was awarded a $44.4 million contract by the U.S. Food and Drug Administration, a Palantir spokeswoman said, sending its shares up around 21%.

Tesla's Musk moves private foundation to Texas

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk has moved his private Musk foundation to Texas, according to a filing with the Texas Secretary of State.

Nasdaq closes at record high as growth names get a lift

The Nasdaq closed at a record high on Monday after investors moved into mega-cap growth stocks even as a new round of COVID-19 restrictions underscored the continuing economic impact of the pandemic on the United States.

Congress faces Christmas showdown with Trump over tech and defense bill

WASHINGTON (Reuters) -The U.S. Congress will return to Washington during its Christmas holiday break if necessary to override President Donald Trump's threatened veto of a $740 billion defense bill, lawmakers said on Monday, with one senior Republican saying Trump's stance risked "punishing" the troops.

Vaccine airlift delivers shot in the arm for airlines

Airlines battered by COVID-19 are prepping for key roles in the mass vaccine rollout that promises to unlock an immediate boost for the sector - and beyond that, its own recovery and survival.

After talk with Google's Sundar, EU's Jourova says seeks more transparency on fake news

Alphabet unit Google needs to be more transparent about how it is fighting the spread of "fake news," European Commission Vice President Vera Jourova said on Monday after a video conference with the company's CEO Sundar Pichai.

Dollar weakens as market looks to U.S. stimulus; sterling falls

NEW YORK (Reuters) -The dollar slid against most currencies on Monday in choppy trading, as investors looked past the surge in coronavirus cases and ahead to a possible new COVID-19 U.S. stimulus deal and vaccines to fight the pandemic.

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