Quantcast
Channel: Business Insider
Viewing all 76301 articles
Browse latest View live

This device will be the next smartphone

$
0
0

The Next Smartphone

The smartphone is an essential part of our everyday lives.

But as with all technology, things change. So the question becomes: What will be the next smartphone?

Will it be the connected car? Or the smart speaker? What about the smartwatch?

Find out which device, if any, will take over the smartphone's role with this brand new slide deck from Business Insider Intelligence called The Next Smartphone.

Here are some of the key takeaways:

  • Smartphones are the fastest adopted tech in the U.S.
  • Whichever device becomes the next smartphone needs to go everywhere
  • Consumer expectations around the smartphone are changing
  • And much more

To get your copy of this FREE slide deck, simply click here.

Join the conversation about this story »


How retailers are using mobile AR to blend the online and in-store shopping journeys

$
0
0

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

The mobile augmented reality (AR) market is quickly becoming primed for the retail space. By blending the online and in-store shopping journeys, mobile AR promises to provide an immersive digital shopping experience unlike anything shoppers have seen before.

Technologies Consumers in the UK desire in retail

Mobile AR is one of the most coveted technologies for improving the digital shopping experience among consumers. That’s because mobile AR can be used to bring the in-store experience to consumers’ homes by recreating the try-on experience. It allows online shoppers to test out multiple sizes and variations of products, or just see what a product looks like overlaid into their home — without making a true commitment to the purchase or a trip to the store. It can also be used in-store to quickly provide product information or guide users to the right item using location-based services.

Retailers that meet this need for mobile AR stand to pull ahead of the competition. Mobile AR can help build brand loyalty, heighten engagement, increase geographical customer reach, shorten conversion times, boost purchases of larger items, and cut down on returns.

In a new report, Business Insider Intelligence examines the importance of mobile AR to businesses in the retail space, explores the various ways brands are utilizing mobile AR to enhance the customer experience as well as their own, and determines the factors retailers should consider when devising a mobile AR strategy.

Here are some of the key takeaways from the report:

  • Nearly 75% of consumers already expect retailers to offer an AR experience. Mobile AR retail experiences are more likely to come to fruition as Apple and Google continue to build out their AR developer platforms, ARKit and ARCore, respectively, which will expand the addressable market exponentially.
  • Retailers in certain segments, including furniture and home improvement, as well as beauty and fashion, have been the first to jump on the mobile AR bandwagon through their own apps. These sectors appear to have the most immediate need for mobile AR strategies, as trying out furniture and clothes are two of the most coveted AR use cases by consumers.
  • Social media is emerging as a prominent channel for retailers to reach consumers through mobile AR experiences. Platforms like Facebook and Snapchat continue to build out tools that businesses and developers can utilize to enhance their advertising strategies with immersive experiences.
  • But retailers will have to consider several factors before implementing their mobile AR strategies. These include the cost of building AR experiences, the availability of AR-compatible smartphones, consumer awareness of mobile AR apps, and the quality of mobile AR content.

In full, the report:

  • Explores the ways mobile AR brings value to the customer shopping experience. 
  • Highlights how the consumer benefits of mobile AR can be transformed into valuable outcomes for retailers.
  • Discusses how major retail brands are leveraging mobile AR to enhance the customer journey, and what goals they are striving to achieve.
  • Outlines the several factors retailers and brands will have to consider before implementing their mobile AR strategies.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

Join the conversation about this story »

The family of a 7-year-old migrant girl who died in Border Patrol custody is disputing US officials’ account of her death

$
0
0

jakelin caal maquin guatemala

  • The family of seven-year-old Jakelin Caal, who died in Border Patrol custody last week, has disputed US officials' account of her death.
  • Despite what US officials say, Jakelin had been given food and water and was in good health during her journey to the US, her parents said in a statement on Saturday.
  • Jakelin's family is urging authorities to conduct an "objective and thorough" investigation into the death.
  • But the Guatemalan consul also said Jakelin's father said he had "no complaints" about the Border Patrol agents, and said they did everything possible to help her.

The family of a 7-year-old Guatemalan girl who died in US Border Patrol custody is disputing an account from US officials who said she had not been given food or water for days.

In a statement released by lawyers, the parents of Jakelin Caal said the girl had been given food and water and appeared to be in good health as she traveled through Mexico with her father, 29-year-old Nery Gilberto Caal Cuz. The family added that Jakelin had not been traveling through the desert for days before she was taken into custody.

Tekandi Paniagua, the Guatemalan consul in Del Rio, Texas, told The Associated Press that he spoke with the Jakelin's father. The consul said Nery Caal told him the group they were traveling with was dropped off in Mexico about a 90-minute walk from the border.

Border Patrol officials did not immediately respond to the family's comments.

Paniagua also told CNN that Jakelin's father said he had "no complaints about how Border Patrol agents treated him and his daughter," and that agents did everything within their power to help Jakelin.

Read more: The 7-year-old migrant girl who died in Border Patrol custody fled an intensely poor Guatemalan village

border patrol station new mexico

The family's statement was released Saturday during a news conference in El Paso, Texas, at an immigrant shelter where Jakelin's father is staying. Her family did not attend and has asked for privacy.

Jakelin and her father were seeking asylum in the US and were among a large group of migrants arrested Dec. 6 near a remote border crossing in New Mexico. Hours later they were placed on a bus to the nearest Border Patrol station, but Jakelin began vomiting and eventually stopped breathing. She later died at a Texas hospital.

According to a timeline released by Customs and Border Protection on Friday, Border Patrol agents first became aware of the girl's symptoms during the bus ride, which arrived at the station 90 minutes later — by which point Jakelin had stopped breathing.

Border Patrol officials on Friday said agents did everything they could to save the girl but that she had not had food or water for days. They added that an initial screening showed no evidence of health problems, and that her father had signed a form indicating she was in good health.

But the family took issue with that form, which was in English, a language her father doesn't speak or read. He communicated with border agents in Spanish but he primarily speaks the Mayan Q'eqchi' language.

"It is unacceptable for any government agency to have persons in custody sign documents in a language that they clearly do not understand," the statement said.

Read more: The 7-year-old migrant girl who died in Border Patrol custody received medical care 90 minutes after first showing symptoms

jakelin caal maquin guatemala

Jakelin's family is urging authorities to conduct an "objective and thorough" investigation into the death and to determine whether officials met standards for the arrest and custody of children.

A cause of death has not yet been released. A private prayer service was held in Texas on Friday so her father could see Jakelin's body before it is taken to Guatemala, said Ruben Garcia, director of the Annunciation House shelter where her father is staying.

"All of us were moved by the depth of his faith and his trust that God's hand is in all of this," Garcia said.
Family members in Guatemala said Caal decided to migrate with his favorite child to earn money he could send back home. Jakelin's mother and three siblings remained in San Antonio Secortez, a village of about 420 inhabitants.

Join the conversation about this story »

NOW WATCH: Anthony Scaramucci claims Trump isn't a nationalist: 'He likes saying that because it irks these intellectual elitists'

The data breach threat isn’t going anywhere — here's how companies are protecting their customers, and themselves

$
0
0

dbnew3This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Over the past five years, the world has seen a seemingly unending series of high-profile data breaches, defined as incidents in which unauthorized parties access and retrieve sensitive, secure, or private data.

Major incidents, like the 2013 Yahoo breach, which impacted all 3 million of the tech giant’s customers, and the more recent Equifax breach, which exposed the information of at least 143 million US adults, has kept this risk, and these threats, at the forefront for both businesses and consumers. And businesses have good reason to be concerned — of organizations breached, 22% lost customers, 29% lost revenue, and 23% lost business opportunities.

This threat isn’t going anywhere. Each of the past five years has seen, on average, 1,704 security incidents, impacting nearly 2 billion records. And hackers could be getting more efficient, using new technological tools to extract more data in fewer breach attempts. That’s making the security threat an industry-agnostic for any business holding sensitive data — at this point, virtually all companies — and therefore a necessity for firms to address proactively and prepare to react to.

The majority of breaches come from the outside, when a malicious actor is usually seeking access to records for financial gain, and tend to leverage malware or other software and hardware-related tools to access records. But they can come internally, as well as from accidents perpetrated by employees, like lost or stolen records or devices.

That means that firms need to have a broad-ranging plan in place, focusing on preventing breaches, detecting them quickly, and resolving and responding to them in the best possible way. That involves understanding protectable assets, ensuring compliance, and training employees, but also protecting data, investing in software to understand what normal and abnormal performance looks like, training employees, and building a response plan to mitigate as much damage as possible when the inevitable does occur.

Business Insider Intelligence, Business Insider’s premium research service, has put together a detailed report on the data breach threat, who and what companies need to protect themselves from, and how they can most effectively do so from a technological and organizational perspective.

Here are some key takeaways from the report:

  • The breach threat isn’t going anywhere. The number of overall breaches isn’t consistent — it soared from 2013 to 2016, but ticked down slightly last year — but hackers might be becoming better at obtaining more records with less work, which magnifies risk.
  • The majority of breaches come from the outside, and leverage software and hardware attacks, like malware, web app attacks, point-of-service (POS) intrusion, and card skimmers.
  • Firms need to build a strong front door to prevent as many breaches as possible, but they also need to develop institutional knowledge to detect a breach quickly, and plan for how to resolve and respond to it in order to limit damage — both financial and subjective — as effectively as possible.

In full, the report:

  • Explains the scope of the breach threat, by industry and year, and identifies the top attacks.
  • Identifies leading perpetrators and causes of breaches.
  • Addresses strategies to cope with the threat in three key areas: prevention, detection, and resolution and response.
  • Issues recommendations from both a technological and organizational perspective in each of these categories so that companies can avoid the fallout that a data breach can bring.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

 

Join the conversation about this story »

Here's how fintech is taking over the world — and what's coming next

$
0
0

global fintech funding

Digital disruption is affecting every aspect of the fintech industry.

Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem.

Fintech startups have raised, and continue to raise, billions of dollars annually, pushing incumbent financial institutions to get in on the action. Legacy players have begun using fintech to remain competitive in a rapidly evolving financial services landscape.

So what's next?

Business Insider Intelligence, Business Insider's premium research service, explores recent innovations in the fintech space as well as what might be coming in the future in our brand new exclusive slide deck, The Future of Fintech: How Fintech Is Taking Over The World and What Comes Next.

To get your copy of this free slide deck, click here.

Join the conversation about this story »

The telehealth market has reached a tipping point — but a few key barriers have held some providers back from adoption

$
0
0

bii us telehealth lumascape

This is a preview of a research report from Business insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here

Telehealth — the use of mobile technology to deliver health-related services, such as remote doctor consultations and patient monitoring — is enabling healthcare providers and payers to address the US healthcare industry’s growing list of problems.

The proliferation and rapid advancement of mobile technology are spurring telehealth adoption, and many believe that 2018 could be the tipping point for the telehealth market.

In this report, Business Insider Intelligence defines the opaque US telehealth market, forecasts the market growth potential and value, outlines the key drivers behind usage and adoption, and evaluates the opportunity telehealth solutions will afford all stakeholders. We also identify key barriers to continued telehealth adoption, and discuss how providers, payers, and telehealth companies are working to overcome these hurdles.

Here are some of the key takeaways:

  • Telehealth is enabling healthcare providers and payers to address the US healthcare industry’s growing list of problems, including rising healthcare costs, an aging population, and the transformation of healthcare from service-centric to consumer-centric, which is straining healthcare system resources and threatening to drive up payer costs.
  • Although telehealth solutions aren't suitable for all patients, right now, about 45% of the US population, or 147 million consumers, falls within the addressable market.
  • Despite low usage rates, most consumers are open to using telehealth solutions, according to the 2018 Business Insider Intelligence Insurance Technology Study. 
  • A range of companies are well-positioned to generate savings in terms of revenue and avoid potential pitfalls by deploying telehealth solutions.

 In full, the report:

  • Offers an overview of different types of telehealth services and their applications in the US healthcare ecosystem. 
  • Highlights the growth drivers and opportunities of these applications.
  • Includes exclusive data and insights from the 2018 Business Insider Intelligence Insurance Technology Study. 
  • Provides examples of key players in the telehealth market, including insurers, medical device makers, and health networks. 
  • Gives recommendations on how health networks and payers should approach using and deploying telehealth solutions.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

Join the conversation about this story »

Three untapped opportunities wearables present to health insurers, providers, and employers

$
0
0

 

  • After a shaky start, wearables like smartwatches and fitness trackers have gained traction in healthcare, with US consumer use jumping from 9% in 2014 to 33% in 2018.
  • More than 80% of consumers are willing to wear tech that measures health data — and penetration should continue to climb.
  • The maturation of the wearable market will put more wearables in the hands of consumers and US businesses.

The US healthcare industry as it exists today is not sustainable. An aging patient population and rising burden of chronic disease have caused healthcare costs to skyrocket and left providers struggling to keep up with demand for care. 

FORECAST: Fitness Tracker and Health-Based Wearable Installed Base

Meanwhile, digital technologies in nearly every consumer experience outside of healthcare have raised patients’ expectations for good service to be higher than ever.

One of the key mechanisms through which healthcare providers can finally evolve their outdated practices and exceed these expectations is wearable technology.

Presently, 33% of US consumers have adopted wearables, such as smartwatches and fitness trackers, to play a more active role in managing their health. In turn, insurers, providers, and employers are poised to become just as active leveraging these devices – and the data they capture – to abandon the traditional reimbursement model and improve patient outcomes with personalized, value-based care.

Adoption is going to keep climbing, as more than 80% of consumers are willing to wear tech that measures health data, according to Accenture — though they have reservations about who exactly should access it.

A new report from Business Insider Intelligence, Business Insider’s premium research service, follows the growing adoption of wearables and breadth of functions they offer to outline how healthcare organizations and stakeholders can overcome this challenge and add greater value with wearable technology.

For insurers, providers, and employers, wearables present three distinct opportunities:

  • Insurers can use wearable data to enhance risk assessments and drive customer lifetime value. One study shows that wearables can incentivize healthier behavior associated with a 30% reduction in risk of cardiovascular events and death.
  • Providers can use the remote patient monitoring capabilities of wearable technology to improve chronic disease management, lessen the burden of staff shortages, and navigate a changing reimbursement model. And since 90% of patients no longer feel obligated to stay with providers that don't deliver a satisfactory digital experience, wearables could help to attract and retain them.
  • Employers can combine wearables with cash incentives to lower insurance costs and improve employee productivity. For example, The Greater Dayton Regional Transit Authority yielded $5 million in healthcare cost savings through a wearable-based employee wellness program.

Want to Learn More?

The Wearables in US Healthcare Report details the current and future market landscape of wearables in the US healthcare sector. It explores the key drivers behind wearable usage by insurers, healthcare providers, and employers, and the opportunities wearables afford to each of these stakeholders. 

By outlining a successful case study from each stakeholder, the report highlights best practices in implementing wearables to reduce healthcare claims, improve patient outcomes, and drive insurance cost savings, as well as how the evolution of the market will create new, untapped opportunities for businesses.

 

 

Join the conversation about this story »

The Michael Cohen controversy reached a climax as he was sentenced to 3 years in prison after pleading guilty and implicating Trump — here's a full timeline of events

$
0
0

michael cohen timeline 2x1

  • President Donald Trump's former longtime lawyer Michael Cohen has pleaded guilty.
  • It marked the climax of the Cohen controversy.
  • Here's the full timeline of events.

President Donald Trump's former longtime lawyer Michael Cohen has been sentenced to three years in prison after pleading guilty to a list of federal crimes he committed while employed by the president. Cohen's sentencing culminates a months-long controversy surrounding his fraudulent conduct during the 2016 election. 

During his December 12 sentencing, Cohen apologized for his actions and said he acted out of "blind loyalty" to Trump. Days earlier, on November 29, he pleaded guilty to lying to Congress about his involvement with the construction of the Trump Tower in Moscow.

Earlier this year, on August 21, Cohen cut a deal with federal prosecutors and pleaded guilty to five counts of tax evasion, one count of making a false statement to a financial institution, and two counts related to campaign-finance violations. Cohen said under oath that Trump directed him to violate campaign-finance laws just before the 2016 presidential election to boost his candidacy.

The latter two charges were in connection to payments to the former Playboy model Karen McDougal and the porn actress Stormy Daniels to silence their allegations of affairs with Trump.

As Cohen said he committed the campaign-finance violations "at the direction of the candidate" and with the "purpose of influencing the election," there were audible gasps in the reporter-packed courtroom in lower Manhattan courtroom.

The federal prosecutors Cohen struck a deal with said they had evidence corroborating Cohen's admissions, stemming from records obtained from him that included audio tapes, texts, phone records, emails, witnesses with knowledge of the transactions, and records from The National Enquirer.

Later in the week, The Wall Street Journal reported, federal prosecutors investigating Cohen granted immunity to Trump Organization CFO Allen Weisselberg and American Media Inc. CEO David Pecker, who struck the deal with McDougal.

Cohen faced 65 years in prison, but the deal narrowed that sentence down to a much more palatable three years.

Lanny Davis, one of Cohen's attorneys, told Business Insider after Cohen pleaded guilty that Cohen felt "pain for his family" that he could go to prison but relief that the plea deal was done. Cohen's also not done opening up on what he knows about Trump, Davis said.

"This is the time he knows he's going to jail, and he feels liberated that he can finally speak his mind about his concerns about Donald Trump without a criminal lawyer telling him to 'be quiet' because 'you'll upset the prosecutors,'" he said.

Moving forward, all eyes are on what happens next, particularly for Trump.

"The plea, under oath, establishes that the president was a co-conspirator in the campaign violations to which Cohen pleaded guilty," Philip Allen Lacovara, who served as counsel to the special prosecutors investigating President Richard Nixon's role in the Watergate scandal, told The New York Times.

Before Nixon resigned from office, a grand jury named him an unindicted coconspirator. Lacovara said Trump had "technically" become that as well.

Though Cohen implicated Trump in multiple felonies, it appears highly unlikely Trump will be indicted in this instance — at least while he is still in office.

Here's the full timeline of events in the Cohen investigation:

 

SEE ALSO: Democrats are still incredibly cautious about discussing Trump's impeachment even after 2 of his top aides have been convicted

Join the conversation about this story »

NOW WATCH: Anthony Scaramucci claims Trump isn't a nationalist: 'He likes saying that because it irks these intellectual elitists'


US gun laws, Thai cave divers, and the price of beer around the world: What 2018 looked like in maps

$
0
0

Map thumb 2x1

Maps can tell us a lot about what happened in 2018 — from Meghan Markle and Prince Harry's wedding to the results of the Midterm elections

The Graphics Insider team compiled 56 of the maps we created this year that visualize the many ups and downs of 2018.

Follow along through 2018 in maps, from wildfires and baby name trends, to the cost of products around the world and Trump's tariff war.

Andy Kiersz contributed to this article. 

In January 2018, the Trump administration proposed auctioning off nearly all US coastal waters for offshore drilling. The federal Bureau of Ocean Energy Management estimated the new plan would make "more than 98%" of the waters off the US available for oil and gas leasing over the next five years.

Read the full story here.



On February 9, the 2018 Winter Olympics began in Pyeongchang, South Korea. More than 200 athletes on the roster for the US Olympic team competed. Even though they tend to live where the training is best, they were born all over the country.

Read the full story here.



In March, there was a string of deadly bombings in Austin, Texas, at seven locations in total. Two people were killed, and seven were injured.

Read the full story here.



See the rest of the story at Business Insider

Amazon is building an air hub in Texas — and that means more bad news for FedEx and UPS, Morgan Stanley says (AMZN)

$
0
0

amazon air

  • Amazon is building an air hub at Fort Worth Alliance Airport in Texas. 
  • The air hub is expected to be fully operational next year, and will operate on the side of the airport also used by FedEx.
  • "AMZN's threat to UPS/FDX is growing and this is also a way for AMZN to save billions on shipping," according to Morgan Stanley analysts.
  • Watch UPS, FedEx and Amazon trade live.

Amazon is expanding its reach in air delivery with a new air hub in Texas, and that's a threat to legacy delivery giants UPS and FedEx, according to a new analysis from Morgan Stanley.

Amazon said earlier this week that it planned to build a regional air hub at Fort Worth Alliance Airport, which would support a handful of daily flights and infrastructure for sorting packages.

"Amazon's new air hub could compete directly with FedEx and UPS," a team of Morgan Stanley analysts led by Ravi Shanker wrote in a client note out Friday.

The hub could also allow Amazon to save between $1 billion and $2 billion next year, Shanker wrote.

"Our current work shows that despite being in the early innings of Amazon Air's rollout, Amazon's volumes moving onto Amazon Air are costing UPS/FDX roughly 200-300 [basis points] of volume growth," he said.

Shanker reiterated his bullish stance on Amazon. He wrote last week that it was poised to take market share from UPS and FedEx with its fleet of 40 Boeing 767 cargo planes. Specifically, he forecast UPS and FedEx's revenue would decline by a combined 10% by 2025.

Amazon already has an air hub at Cincinnati/Northern Kentucky International Airport. And while Amazon said the facility in Texas was the first of its kind for the company, it also announced plans last week to expand operations at Chicago's Rockford Airport.

Amazon shares have been on a wild ride this year, rising 75% through the first eight months on their way to an all-time high of $2,050.50 per share at the end of August. Since then, the stock has plunged 22% amid a broader stock-market rout.

Amazon is up 35% this year, while UPS and FedEx were down 21% and 29% respectively.

Now read:

Join the conversation about this story »

NOW WATCH: The world's largest cruise ship just landed in Miami — here's what it's like on board

These were the top 10 highest grossing apps on the iPhone and iPad worldwide in 2018 (AAPL)

$
0
0

iPhone apps

  • Apps downloaded from the Apple App Store generated hundreds of millions of dollars in revenue this year.
  • Using data from Sensor Tower, we've compiled a list of the 10 apps downloaded from the App Store that brought in the most revenue in 2018.
  • Half of the apps that brought in the most revenue this year are from companies in China. 

Apps for video streaming and social media made the most money this year on Apple devices, data shows.

Business Insider has compiled a list of the apps on iPhone and iPad that brought in the most revenue in 2018, according to data provided by Sensor Tower, covering the period ending November 30th.

It's possible you've never heard of some of these iOS apps — five of the top 10 apps are from China-based tech giants, including Baidu and Tencent Holdings.

Here are the highest grossing iOS apps in 2018, and how much revenue each app brought in according to Sensor Tower data:

10. Hulu — $132.6 million

App description: Video streaming service

Owned by: Joint venture of Comcast, Disney and Twenty-First Century Fox.



9. QQ — $159.7 billion

App description: Instant messaging platform

Owned by: Tencent Holdings



8. Youku — $192.9 million

App description: Video streaming service

Owned by: Alibaba Group



See the rest of the story at Business Insider

If you ever wondered what life will be like when climate change makes outside unlivable, Dubai can give you a good idea

$
0
0

Dubai Development Property Real Estate (40 of 40)

  • A new report by the Intergovernmental Panel on Climate Change (IPCC) released in October detailed how even just half a degree of rise in the world's temperature would result in severe, catastrophic effects, making the climate unlivable in the most severe cases.
  • If you are wondering what life might be like in such a scenario, Dubai can give you a good approximation. For more than half the year, temperatures are regularly around 105 degrees Fahrenheitand have gone as high as 119 degrees Fahrenheit, with plenty of humidity. It makes being outside for more than a few minutes unbearable.
  • Dubai has developed into a series of climate-controlled indoor spaces including more than 65 malls, apartment buildings with entire indoor cities attached, and car-centric design that discourages walking outside. You can spend entire days without ever stepping outside.

It's become more clear than ever this year that climate change is very real and that we are already seeing the effects.

A new report by the Intergovernmental Panel on Climate Change (IPCC) released in October detailed how even just half a degree of rise in the world's temperature would result in severe, catastrophic effects.

As Business Insider's Kevin Loria summed up: That half of a degree will make drought-prone regions much more likely to experience severe drought, and areas prone to heat waves or intense hurricanes will get more of those disasters, too. These factors could trigger huge migrations of people and mass extinctions of animals. 

In short, the climate will get a lot less livable, particularly in places already vulnerable to high temperatures.

As I hung out in Dubai last month, it struck me that the city's severe climate and its adaptation to that climate was a good approximation of what I imagine living with the severe effects of climate change to be.

During Dubai's long summer, stretching from mid-April through October, temperatures make it unbearable to be outside for more than a few minutes. Temperatures are regularly around 105 degrees Fahrenheit (41 degrees Celsius) and have gone as high as 119 degrees Fahrenheit (48 degrees Celsius), with plenty of humidity.

The city's adaptation to that climate? A proliferation of interconnected climate-controlled spaces, including more than 65 malls, residential and office buildings with entire indoor cities attached, metros, and indoor parking lots. 

Dubai Development Property Real Estate (25 of 40)

For a certain social millieu — I'm talking native Emiratis and the wealthy expats with white-collar jobs — one could go entire days or weeks during the summer without stepping outside. You go from your air-conditioned apartment in a residential skyscraper to the indoor parking lot, and then drive to your office, park in the indoor lot, and head upstairs to the office skyscraper.

If you need to do grocery shopping or pick up a present, there are likely retail stores, grocery stores, or an entire retail complex attached to your office building or apartment building.

Dubai Mall Worlds Second Largest Mall (60 of 61)

If you want to spend a Saturday out with your family, grab coffee with a colleague, or enjoy an "al fresco" dinner and a movie, you are likely doing it inside at The Dubai Mall, a $2 billion complex with  1,200 stores, hundreds of restaurants, a movie theater, a luxury hotel, an Olympic-size ice-skating rink, a virtual-reality theme park, and an aquarium. Or, perhaps you'll visit one of Dubai's dozens of other megamalls with similar amenities that blur the line between mall and city block.

Meanwhile, for the hundreds of thousands of migrant workers in Dubai who aren't lucky enough to live in air-conditioned megacomplexes, Dubai can be a hellscape during the summer — just as the climate might be for the developing countries that will be hardest hit by the effects of climate change.

Dubai is getting so good at simulating the outdoors inside that its next megaproject is dedicated to just that. Dubai Square, set to become the world's largest mall, is built around a four-lane "boulevard" that mimics a wide city street, a piazza, and an entertainment center for concerts and theater shows. It will even have the Middle East's largest Chinatown.

Boulevard at Dubai Square

The net effect of this kind of development is that nearly all "public" or "social" space in the city is a corporatized shopping destination.

"[In the UAE] the mall is a social space, not just a shopping space," Justin Thomas, an associate professor of psychology at Zayed University, wrote for The National in 2014.

"The mall is where three generations of the same family take an evening stroll; the mall is where the Abu Dhabi Readers (a book club) meet to discuss works of literature."

When you can't hang out in social spaces outside, whether it's due to a severe climate or pollution, you find indoor spaces to do so.

It's hard to say that's de-facto bad when such malls and climate-controlled spaces are providing livable spaces outside of the home in a city that desperately needs them. But there is a creeping feeling that something is lost when all public spaces exist solely so large corporations can make a profit.

If I was going to take a guess at where our hyper-consumerist world is heading in the event the world can't get its act together on climate change, I'd say it's going to look a lot like Dubai.

And Dubai, for its part, will have to keep adapting to its extreme climate. The Environment Agency Abu Dhabi found in a report last year that under its most severe climate change scenario, nearly all of Dubai would be underwater due to rising sea levels.

Join the conversation about this story »

NOW WATCH: You've probably been cooking your turkey all wrong — here's how to do it in 90 minutes flat

The best charging cables you can buy — from lighting to USB-C and Micro-USB cables

$
0
0

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

best charging cable

  • We've rounded up the best charging cables for all kinds of devices, including the iPhone, Android phones, USB-C laptops, and Micro-USB powered gadgets like headphones and Kindles.
  • Anker, Native Union, Nomad, and Fuse Chicken make the best charging cables hands down.

There's nothing worse than having one charging cable and then losing it, so why not stock up on a bunch of cables so you're never without your power source?

After all, the one that came with your phone, headphones, Kindle, or other gadgets may not be the best charging cable you can use. Some cables charge faster than others, offer more durability, or are simply longer than the cables that came in the box.

I've tested thousands of charging cables over the past five to six years as a professional tech reviewer, so I've see just about every charging cable of note. I've rounded up my favorites of all time in this handy guide. Whether you want an affordable everyday cable, a super strong one, a universal cord that charges all your devices, or a nice long cable that has a lot of reach; we have a charging cable recommendation for you.

One last note before you check out our picks: Most of our favorite charging cables come in lightning (for iPhone), Micro-USB (for older Android phones, headphones, Kindles, etc.), and USB-C (for new Android phones and some laptops) styles so you can choose the charging standard you need.

Here are the best charging cables you can buy:

Read on in the slides below to check out our top picks.

The best charging cables overall

Why you'll love them: The Anker PowerLine cables are the best cords for most people with their sturdy design, fast charging speed, and fair price point.

Anker's charging cables are our top pick for the best charging cable in our lightning, Micro USB, and USB-C cable buying guides because they are simply the best.

These cables are fast to charge your phone or sync data, they're durable, and they're affordable. You can get lightning cables for your iPhone, USB-C cables for your new Android phone or laptop, or Micro-USB cables for your older Android phone and other electronics. 

The cable is strengthened with Kevlar and the stress points near the charger and the USB connector are reinforced for added durability. They're slightly wider than the connectors on other cables, but the Anker cables should fit most phone cases.

Anker also makes different kinds of cables, including basic ones and slightly pricier Powerline+ cables that are covered in double-braided nylon for added strength. Either way, you're getting a great charging cable.

To ensure that it's cables last, Anker bent the PowerLine cables more than 5,000 times in testing. The company also offers an 18-month warranty in case of any issues.

Anker's PowerLine cables come with a Velcro tie to help you wrap up any extra cord length you don't need. You can get the cables in black, white, blue, red, or gray.

Buyer reviews are very positive, and tech reviewers agree that Anker makes excellent cables for a very reasonable price. Digital Trends, Best Products, and The Wirecutter give Anker high marks.

Pros: Made from durable aramid fiber, lots of lengths, 18-month warranty, fast charging, reinforced stress points, lightning cables are MFi certified by Apple, USB-C cables are safe

Cons: None

Shop all Anker Powerline charging cables for $6 to $30



The best long charging cables

Why you'll love them: The 10-foot Native Union Night cables give you a long reach, so it doesn't matter if the outlet is far away.

If you've ever struggled with a short cord, you'll absolutely love Native Union's 10-foot-long Night Cable. It also has a weighted knot that keeps it from pulling your phone off the table while it's charging. Plus, it's durable and stylish. You can get the cable with lightning and USB-C endings in several colors.

Native Union makes its cables out of braided nylon, which is strong and doesn't tangle. The cable is covered in braided nylon, a TPE rubber sleeve, a tinned copper braid, and a grounding layer for protection. Inside all those layers are wires that are also protected and reinforced, some with Kevlar fibers.

To test for durability, Native Union puts is cables through a 10,000 bend test. The company also offers a limited lifetime warranty in case of any mishaps.

I've used the Native Union Night cable for the past five years as my main charger, and it has never let me down. I've bent it all sorts of ways, and it hasn't frayed at all. I typically use the weight to keep my iPhone on my nightstand while I charge it, but it's easy to adjust when I need the weight anchoring the cord in another place. 

The Night cable is also highly rated by users on Amazon and Native Union's website. Many tech publications also recommend Native Union's Night cable.

Pros: It's 10-feet long, weighted so it doesn't fall, covered in sturdy woven fabric, 12-month warranty, lightning cable is MFi certified by Apple, it bends but doesn't break

Cons: Expensive

Buy the Native Union Night lightning and USB-C cables on Amazon for $39.99



The best universal charging cables

Why you'll love it: The Universal Cable by Nomad has lightning, Micro-USB, and USB-C endings, so you can charge any phone with it.

If you've ever wished for a cable that could charge all your devices — including a USB-C laptop, a lightning iPhone, and a Micro-USB pair of wireless headphones — you're in luck: The Universal Cable from Nomad is the one cable to rule them all.

It has lightning, Micro-USB, and USB-C ends to charge any phone and many other devices. The core cable is USB A to Micro USB, and it has conversion caps for charging lightning and USB-C devices.

The cable measures 1.5 meters in length, so it's a decent length, and you can wrap up the excess cable with the included tie. You can also get shorter lengths.

The cable is 10K Mil-spec flex tested and Apple MFi approved. Its braided ballistic nylon covering keeps it strong and prevents fraying even with intense use. Nomad guarantees that the cable will last at least five years.

We tried out one of these cables and loved it. It's the only cable you'll ever need. No matter what devices you, your friends, and your family carry, this cable can charge them — no questions asked.

Pros: Works with all phones, MFi certified, strong, five-year guarantee

Cons: A bit pricey

Buy the Universal Charging Cable at Nomad for $29.95 to $34.95



See the rest of the story at Business Insider

Banks can no longer prioritize stringent identity verification over good customer experience

$
0
0

Large FIs tech investments NEWThis is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

The way incumbent banks onboard and verify the identities of their customers online is inconvenient and insecure, resulting in lowered customer satisfaction and loyalty, and security breaches leading to compensation payouts and legal costs.

It’s a lose-lose situation, as consumers become disgruntled and banks lose business. The problem stems from the very strict verification standards and high noncompliance fines that banks are subject to, which have led them to prioritize stringency over user experience in verification. At the same time, this approach doesn't gain banks much, since the verification methods they use to remain compliant can actually end up compromising customers' personal data.

But banks can't afford to prioritize stringent verification at the cost of user experience anymore. Onboarding and verification standards are increasingly being set by more tech-savvy players within and outside their industry, like fintechs and e-retailers. If banks want to keep customers loyal, they have to start innovating in this area. The trick is to streamline verification for clients without compromising accuracy. If banks manage to do this, the result will be happier and more loyal customers; higher client retention and revenue; and less spending on redundant checks, compensation for breaches, and regulatory fines.

The long-term opportunity such innovation presents is even bigger. Banks are already experts in vouching for people’s identities, and because they’re held to such tight verification standards, their testimonies are universally trusted. So, if banks figure out how to successfully digitize customer identification, this could help them not only boost revenue and cut costs, but secure a place for themselves in an emerging platform economy, where online identities will be key to carrying out transactions. 

Here are some of the key takeaways from the report:

  • The strict verification standards that banks are held to have led them to create onboarding and login processes that are painful for clients. Plus, the verification methods they use to remain compliant can actually end up putting customers' personal data at risk. This leaves banks with dented customer satisfaction, as well as security breaches and legal costs.
  • Several factors are now pushing banks to attempt to remedy the situation, including a tougher regulatory environment and increasing competition from agile startups and tech giants like Google, Amazon, and Facebook, where speedy onboarding and intuitive service is a given.
  • The trick is to streamline verification for clients without compromising accuracy, something several emerging technologies promise to deliver, including biometrics, optical character recognition (OCR) technology, cryptography, secure video links, and blockchain and distributed ledger technology (DLT). 
  • The long-term opportunity such innovation presents is even bigger. Banks are already experts in vouching for people’s identities, so if they were to figure out how to successfully digitize customer identification, this could help them secure a valued place, and relevance, in a modernizing economy.

In full, the report:

  • Looks at why identity verification is so integral to banking, and why it's becoming a problem for banks.
  • Outlines the biggest drivers pushing banks to revamp their verification methods.
  • Gives an overview of the technologies, both new and established but repurposed, that are enabling banks to bring their verification methods into the digital age.
  • Discusses what next steps have to happen to bring about meaningful change in the identity verification space, and how banks can capitalize on their existing strengths to make such shifts happen.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

Join the conversation about this story »

Starbucks just opened a Reserve Roastery in New York that has a full cocktail bar and is almost 13 times the size of the average Starbucks. Here's how it compares to a typical Starbucks. (SBUX)

$
0
0

starbucks reserve roastary nyc 4721

  • Starbucks opened a Reserve Roastery in New York on Friday.
  • The new Starbucks Reserve Roastery is the fourth of its kind in the world and is completely unlike a typical Starbucks.
  • The Roasteries are meant to be upscale, and they feature cocktail bars, bakeries, and unique elements. 
Starbucks just opened a Reserve Roastery in New York, and it's drastically different from any other Starbucks in the city.

The Roasteries — seen as competitors of more upscale coffee shops like Blue Bottle and Intelligentsia — typically include a high-end Princi bakery, full liquor bar, and lounge areas with fireplaces in addition to a more traditional coffee bar.

The New York store has all of these elements, plus an additional coffee bar, spread across three floors and 23,000 square feet of space. The Roastery showcases specialty, small-lot Starbucks Reserve coffee. 

In comparison, a traditional Starbucks store averages around 1,800 square feet

According to a company spokesperson, customers typically spend four times more in the company's Roastery locations than in a traditional Starbucks. When visiting the Roastery, it was clear why — the store had tons of food and coffee options, plus plenty of places to sit and stay for a while. 

The new location in New York is one of four Reserve Roasteries in the world, along with locations in Milan, Shanghai and Seattle. Starbucks plans to open additional Roasteries in Tokyo and Chicago in 2019.

We visited the new Roastery in New York and a typical Starbucks in the city's Financial District — here's how they compare:

SEE ALSO: We compared the grocery-shopping experience at 6 major chains in 2018, and this one impressed us the most

We got an early peek at the Reserve Roastery on Wednesday morning. It's located in the Meatpacking District.



The store was overwhelming. To the left of the entrance was a big merchandise store.



There were products for sale from a few different collections, including Starbucks' New York collection and its holiday collection.



See the rest of the story at Business Insider

IBM's $34 billion Red Hat acquisition came after deal talks with Microsoft, Google, and Amazon, sources say (IBM, MSFT, GOOGL, AMZN, RHT)

$
0
0

Penny Pritzker speaks next to Satya Nadella, Ginni Rometty and Chuck Robbins

  • IBM faced competition before winning its $34 billion bid to acquire Red Hat.
  • Microsoft, Google, and Amazon all took a look at Red Hat, according to sources familiar with the deal.
  • Microsoft backed out over antitrust concerns, and Google offered Red Hat a partnership instead, according to a Red Hat company filing.

When IBM announced its $34 billion acquisition of Red Hat on October 28, the tech word was struck by the huge price tag, as well as its potential to revive IBM's struggling cloud business. But as it turns out, things could have gone a lot differently.

Microsoft, Google, and Amazon all engaged in deal discussions with Red Hat and looked closely into an acquisition in the months and weeks before Red Hat struck a deal with IBM, according to sources familiar with the deal.

As an open-source software company, Red Hat is strategic because of its popularity with developers. It's also is the largest commercial maker of the Linux operating system. IBM wanted the technology to enhance its hybrid-cloud project and to give its portfolio an edge.

Red Hat indicated in a public filing on November 30 that three unnamed companies considered making bids in addition to IBM. CNBC reported in October that Google had looked into buying Red Hat. But Microsoft and Amazon's deal talks with Red Hat have not been previously reported.

Red Hat's shareholders will vote on whether or not to approve IBM's offer on January 16, 2019. The deal would be the biggest acquisition in IBM's 100-year-plus history and would instantly catapult IBM into the top ranks of cloud providers, a fast-growing industry that's long been the domain of Amazon and Microsoft.

Red Hat rejected IBM's first offer

The first spark of an IBM-Red Hat merger started at an April lunch between IBM CEO Ginni Rometty and Red Hat CEO Jim Whitehurst, according to remarks Rometty made at the time of the deal.

Though IBM ultimately made a winning offer of $190 a share, it took some negotiation from Red Hat. IBM initially offered $185 a share on September 27, but Red Hat's board of directors decided it was "inadequate," according to the proxy.

Red Hat's board also asked its advisers to make a list of other potential acquirers, who Red Hat courted until moving forward on the IBM deal on October 21. On October 28, the deal was announced.

Read more:We spoke with 7 insiders about IBM's $34 billion Red Hat takeover — here's how it came together

Everyone else declined to bid

Microsoft, which, according to one source, is referenced throughout the proxy statement as "Party A," first expressed interest in Red Hat back in March. But Microsoft dropped out of the running on October 10, according to the proxy, "citing concerns about securing regulatory approvals of a strategic transaction in the US and Europe."

Microsoft declined to comment.

Google, which one source said was "Party B," met with Red Hat in the spring of 2018 to discuss partnerships. As a deal with IBM got closer, Google continued to move forward with the sale process, but stopped short of making an offer.

diane greene google

Though Google's former Cloud CEO Diane Greene spent a lot of time with Red Hat ahead of its sale, she struggled to get support from the company on her large mergers-and-acquisitions aspirations, according to one source.

So on October 20, Google officially declined to submit a proposal and instead asked if Red Hat would explore a commercial partnership and a minority equity investment from Google.

Google did not immediately return a request for comment.

Amazon, which one source said was "Party C," got involved around October 12, when Red Hat's executives reached out to the company to see if they were interested in a deal, according to the proxy. But on October 20, Amazon told Red Hat that it wasn't in a position to make an offer.

Despite its participation in the process, one source said it was likely Amazon was buying time. The company wasn't interested in Red Hat, the source said, so much as it was in staying on top of what its cloud competitors at Microsoft and Google were up to.

Amazon did not immediately return a request for comment.

SEE ALSO: Here's why IBM just sold a $1.8 billion chunk of its software business to the Indian IT company HCL

Join the conversation about this story »

NOW WATCH: The true story behind the name 'Black Friday' is much darker than you may have thought

Apple is dropping $1 billion on a huge new campus in Austin, Texas

$
0
0

tim cook

  • Apple is establishing a new campus in Austin, Texas.
  • The campus will initially house 5,000 employees, and Apple is going to spend $1 billion building it.
  • Austin was recently in the running for Amazon's second headquarters, HQ2, but was passed over.

Apple announced on Thursday that it is building a new $1 billion campus in Austin, Texas.

In a press release, Apple said the new campus will span 133 acres, and house an initial 5,000 employees, with the potential to expand to 15,000 staff.

The new site will be located less than a mile from its existing facilities and roles based at the building will include engineering, R&D, operations, finance, sales, and customer support. It will be powered by 100% renewable energy. 

Apple presence in Austin dates back to 1992 and it currently employs 7,000 staff in the capital, according to Statesman. It only opened its Parmer campus in 2016, in which Apple has invested $282.5 million.

The Austin campus is part of a more general push to expand in the US. Apple also announced that over the next three years, it will be adding 1,000 employees each to its sites in Seattle, San Diego, and Culver City, along with 100 extra in Pittsburgh, New York, Boulder, Boston, and Portland, Oregon.

"Talent, creativity and tomorrow's breakthrough ideas aren't limited by region or zip code, and, with this new expansion, we’re redoubling our commitment to cultivating the high-tech sector and workforce nationwide," Apple CEO Tim Cook said in a statement.

Austin's mayor Steve Alder was quoted in Apple's press release welcoming the campus. "Apple has been a vital part of the Austin community for a quarter century, and we are thrilled that they are deepening their investment in our people and the city we love," he said.

Austin was recently on the shortlist for Amazon's second headquarter HQ2 expansion, but was passed over in favour of New York and Arlington, Virginia.

Apple headquarters

Read more: Apple just put the finishing touches on its new $5 billion headquarters — and the results are stunning

Apple's expansion ambitions are not entirely out of the blue, The Financial Times reported in November that Apple has been buying up land at a rate of knots over the last two years, almost tripling the amount it owns.

The news comes in the same year that Apple put the finishing touches to its $5 billion campus in Cupertino, California, informally known as the "spaceship." Apple Park is a home to 12,000 staff.

Apple said it has added 6,000 jobs to its US workforce this year and is on track to create 20,000 jobs across the country by 2023. The company currently employs 90,000 people across all 50 states. The graph shows how staff will be spread across the US in four years' time. apple

SEE ALSO: These five charts show why Apple's big bet on services just doesn't make any sense

Join the conversation about this story »

NOW WATCH: How an automatic floodgate is helping communities against natural disasters

A $63 billion biotech is returning to the scene of its worst failure in search of new treatments for a deadly muscle disorder (BIIB)

$
0
0

Biogen facility Cambridge, Massachusetts biotech

  • An ALS trial failure five years ago was a costly and disappointing setback for Biogen.
  • But today Biogen is becoming a major player again. It just bought a potential drug in a $90 million deal, and has four treatments in development.
  • The company's head of neuromuscular disorders said there's reason to believe this time could be more successful — and it could have bigger implications for the company's pipeline.

Five years ago, a drug for a rare and deadly disease failed to live up to its promise in a crucial and costly late-stage clinical trial.

The drug’s developer, the biopharmaceutical company Biogen, abandoned the project, which then-CEO George Scangos would later call “the single-most negative trial I’ve ever seen,” according to a MedCityNews report. The cost was an estimated $75 million to $100 million for the trial alone, the Wall Street Journal reported at the time.

It was a devastating development for a disease known as amyotrophic lateral sclerosis, or ALS, which has no cure or effective treatments. An estimated 14,000 to 15,000 Americans have ALS, which refers to a group of rare neurological diseases that cause progressive loss of muscle control, affecting patients’ ability to walk, eat and breathe.

The drug development space has been littered with defeat after defeat for companies tackling ALS. The few drugs on the market now don't work particularly well, and can command high price tags, with one new option costing roughly $150,000 a year.

But today, Biogen is investing again in treating ALS, including through a recent licensing deal valued at more than $90 million for the ALS drug BIIB067.

A big bet on treating ALS

The neuroscience-focused drugmaker believes in taking on these types of risky diseases in new ways, Chris Henderson, its head of neuromuscular and movement disorders, told Business Insider. A succesful treatment for ALS would likely be a blockbuster treatment, generating big profits for Biogen. Success in ALS could also have positive benefits for Biogen's wider pipeline of potential treatments, he said.

“We’re probably the single company with the biggest interest in ALS currently,” Henderson said. 

In total, the company is testing four drugs to treat ALS in clinical trials, the most of any company. Biogen also has led the highest number of clinical trials for ALS in the industry, according to a recent report from Datamonitor Healthcare.

At least 90% of ALS cases are considered “sporadic,” meaning there is no clear cause. The remaining 5% to 10% are connected to genetic risk, according to the National Institutes of Health.

Biogen's new drug, BIIB067, targets ALS cases tied to a particular genetic mutation, in the SOD1 gene, which Biogen says accounts for roughly 2% of ALS cases overall.

Growing interest

Henderson, who also serves as chief advisor to the foundation Target ALS, said that he has seen corporate interest in ALS drug development surge of late. Just five companies came to the group’s first meeting, he said, compared with 65 at the most recent one; he cited Genentech and the buzzy biotech Denali as other leaders in the area.

There are approximately 26 companies involved in US ALS drug development, according to the Datamonitor Healthcare report, with 28 ALS drugs in clinical trials. 

Biogen’s bulked-up ALS pipeline is particularly notable given the company’s bumpy history with ALS — and Henderson said that there’s reason to believe this effort could be more successful.

The biotech decided to license BIIB067 based on an analysis of an early-stage study, which found that those on the highest dose of the drug showed a statistically-significant lowering of SOD1 protein levels in cerebrospinal fluid. There was also evidence in the form of a “numerical trend” suggesting the drug could slow functional decline, according to a Biogen release.

The population of individuals with ALS being targeted in this trial is notably small, but Henderson said that its results could eventually translate more widely, with success representing the “first big crack in the glass ceiling of ALS.”

“One reason for thinking the chance of success is much higher here is that we are going after the single genetic cause of disease in these patients,” with a drug that specifically focuses on the disease’s trigger, he said. “We want to gradually go from these rare forms into the whole disease, which would be just an amazing achievement if we can get there.”

Read more:Stephen Hawking was only expected to live a few years after being diagnosed with ALS at age 21 — here's what the disease is

There could also be major implications for Biogen's wider pipeline of treatments. BIIB067 is an antisense oligonucleotide (ASO), just like Spinraza, the spinal muscular atrophy therapy that has quickly become one of Biogen’s most important products.

A $1 billion partnership

The category of medicine has been a focus of a decade-long, $1-billion partnership between Biogen and the drugmaker Ionis. 

But Spinraza was tested only on children, which has made use in adults somewhat controversial. If BIIB067, which is being tested in adults, is successful, that could bolster the approach, and lead to big returns on the huge investment Biogen made in it. 

BIIB067 is next headed into what is the equivalent of a late-stage trial, to see how well it works in individuals with the disease, and Biogen isn’t making a timeline public.  

Biogen is also partnering with Ionis on another ALS therapy, BIIB078, and bought a number of products, including an ALS drug candidate, from Karyopharm in an up to $217 million deal early this year. 

There’s also a muscle-strengthening agent that Biogen bought earlier this year, which could have potential in ALS patients as well as those with spinal muscular atrophy.

Some patients have taken Spinraza and "they're doing well, but not perfectly," Henderson said. "If we can add to that muscle strength...we can then come to a more complete treatment."

Join the conversation about this story »

NOW WATCH: A Harvard psychologist reveals the secret to curbing your appetite

Democrats erupt into laughter after Google CEO has to explain to Rep. Steve King that the 'iPhone is made by a different company' (GOOGL)

$
0
0

King

  • At a House Judiciary Committee hearing on Tuesday, Google CEO Sundar Pichai was asked by Rep. Steve King (R-Iowa) why his 7-year-old granddaughter saw a photo of the congressman with inappropriate language while playing a game on her iPhone. 
  • Pichai answered, "Congressman, iPhone is made by a different company."
  • The Democratic staff table erupted in laughter at Pichai's reply, according to Business Insider's Joe Perticone, who attended Tuesday's hearing. 
  • Rep. Ted Lieu (D-California) told the Iowa congressman later in the hearing that if he wanted "positive search results, do positive things."

At a House Judiciary Committee hearing on Tuesday, Google CEO Sundar Pichai was asked some difficult questions. None was more difficult than a question asked by Iowa Rep. Steve King, however, whose question was literally impossible for Pichai to answer. 

King said his 7-year-old granddaughter was playing a game on her phone before an election — most likely King's November 2018 reelection bid — and was shown a picture of the congressman that included some not-so-flattering language. 

"I'm not going to say into the record what kind of language was used around that picture of her grandfather," he said. 

Then, holding up his Apple device, King asked Pichai, "How does that show up on a 7-year-old's iPhone who’s playing a kids game?"

The Google CEO answered the question by saying, "Congressman, iPhone is made by a different company."

The Democratic staff table erupted in laughter at Pichai's reply, according to Business Insider's Joe Perticone, who attended Tuesday's hearing. 

King backtracked and said, "It might have been an Android. It’s just … it was a hand-me-down of some kind."

Later in the hearing, Rep. Ted Lieu (D-California) told the Iowa congressman that if he wanted "positive search results, do positive things." King has repeatedly found himself in hot water over his insensitive racial comments. 

Read more:Democratic Rep. Ted Lieu tears into Republican colleagues during Google hearing: 'If you want positive search results do positive things'

King wasn't alone in holding up his iPhone when addressing Google's CEO on Tuesday.

Rep. Ted Poe (R-Texas) showed off his Apple device when asking Pichai whether Google tracked users' phones for location data. Rep. Tom Marino (R-Pennsylvania) held his up as well when telling Pichai of the major responsibility he had because "there’s a lot of people who believe anything that's put out, by anyone."

Watch the full exchange between King and Pichai below: 

SEE ALSO: Sundar Pichai says more than 100 Google employees were working on a censored China search engine at one point

Join the conversation about this story »

NOW WATCH: Google, Apple, and Amazon are in a war that no one will win

Apple threw shade on Amazon with the stealthy selection of its very own HQ2

$
0
0

Tim Cook and Jeff Bezos

  • Apple on Thursday announced it was spending $1 billion on a new campus in Austin, Texas.
  • Its stealthy process of selecting the campus contrasted with Amazon's drawn-out HQ2 beauty parade.
  • Apple CEO Tim Cook said he did not like the idea of creating a contest with bidders.
  • Apple's plan for new offices looks like another effort to paint the firm as the responsible bastion of big tech.

Apple CEO Tim Cook has made a habit of aiming thinly veiled barbs at his rivals, and his latest maneuver seems ripped from the same playbook.

With little fanfare, the company on Thursday announced plans to drop $1 billion on a new campus in Austin, Texas. It followed a stealthy selection process, which Cook fired the starting gun on in January.

The difference between Apple doubling down on Austin, where it already has a reported 7,000 workers, and Amazon's drawn-out beauty parade for its second headquarters, known as HQ2, could not be starker.

And while Apple would probably say its selection process had nothing to do with Amazon, Cook did make a point of outlining the differences in their approaches earlier this year.

"We’ve narrowed the list a lot," Cook said of potential sites in a January interview with ABC News. "We wanted to narrow it so we prevent this auction kind of process that we want to stay out of."

Read more: Opinion: Amazon is reportedly splitting HQ2 into 2 cities, which would prove the whole contest was a massive sham

He later doubled down on his remarks, according to the CNBC reporter Paayal Zaveri. She quoted Cook as saying: "We didn't want to create this contest, you wind up putting people through a ton of work to select one, that is a case where you have a winner and a lot of losers. I don't like that."

In an interview with Recode's Kara Swisher, he added: "That's not Apple."

The resulting process was supremely hush-hush. The closest we got to a sniff of Apple's plans included reports such as those indicating Cook met with officials in Virginia and had a secret sit-down with North Carolina's governor, Roy Cooper. Apple also threw ABC News off the scent by saying its campus outside California was unlikely to be in Texas.

In contrast, Amazon's process was a public spectacle that began in September 2017. In the 14 months that followed, Amazon received proposals from 238 locations, courted attention from governors, mayors, and bureaucrats in a reality-TV-style contest, and eventually decided to split its headquarters between New York City and Northern Virginia.

People were unhappy, and the process was branded a "sham." One losing bidder said: "Big tech is at a pivotal moment, and Amazon is at the head of the class. It is time for them to aggressively think not just about their bottom line but about ways they can do right by the world."

No such allegations are likely to be slung at Apple after its Austin announcement.

During a year in which Cook has consistently sought the moral high ground on issues including data privacy, Apple's own HQ2 plan looks like another effort to paint the firm as the responsible bastion of big tech.

SEE ALSO: Tim Cook mounted his most stinging attack yet on companies like Facebook and Google that hoard 'industrial' quantities of data

Join the conversation about this story »

NOW WATCH: Google, Apple, and Amazon are in a war that no one will win

Viewing all 76301 articles
Browse latest View live




Latest Images