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Business
— (AP) (3/2)
Mar 03, 2021
AST SpaceMobile Announces an Expanded Board of Directors to Join at The Closing of the Business Combination with New Providence Acquisition Corp."Edward Knapp currently serves as the Chief Technology Officer for American Tower Corporation. Prior to joining American Tower in 2017, Mr. Knapp served as Senior Vice President of Engineering at Qualcomm, where he was responsible for Qualcomm’s New Jersey Corporate Research Center, from which he managed a global engineering team of researchers and product engineering staff. He currently serves on the board of directors of CAR (Center for Automotive Research). Mr. Knapp holds a B.E. in electrical engineering from Stony Brook University, an M.S. in electrical engineering from Polytechnic University (NYU) in New York and an M.B.A. from Columbia University."
— (AP) (3/2) (Pocket)
SHAREHOLDER ALERT: WeissLaw LLP Reminds IPHI, OBLN, IACA, and TPGY Shareholders About Its Ongoing Investigations"WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Obalon Therapeutics, Inc. (NASDAQ: OBLN) in connection with the proposed merger of the company with ReShape Lifesciences Inc. ("ReShape"). Under the terms of the merger agreement, ReShape will acquire OBLN in an all-stock transaction, pursuant to which OBLN will be renamed ReShape Lifesciences Inc. If you own OBLN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/obln/"
— (Market Watch) (3/1) (Pocket)
9 Meters Biopharma, Inc. Appoints Michael Rice to Board of Directors"RALEIGH, NC / ACCESSWIRE / March 1, 2021 / 9 Meters Biopharma, Inc. (NASDAQ:NMTR), a clinical-stage rare and unmet needs-focused gastroenterology company, announced today the Company has appointed Michael Rice to its board of directors."
— (Yahoo) (3/1) (Pocket)
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Business
— (Yahoo) (3/3)
Mar 03, 2021
CEVA Logistics Transforms 3PL Operations in Canada with Berkshire Grey’s Intelligent Robotic Automation Systems"Berkshire Grey helps customers radically change the essential way they do business by delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Berkshire Grey solutions are a fundamental engine of change that transform pick, pack, move, store, organize, and sort operations to deliver competitive advantage for enterprises serving today’s connected consumers. Berkshire Grey customers include Global 100 retailers and logistics service providers. More information is available at www.berkshiregrey.com."
— (Yahoo) (3/3) (Pocket)
Supply Chain and logistics Market Share Worldwide Industry Growth, Size, Statistics, Industry Key Features, Opportunities & Forecasts up to 2026"The report also focuses on global major leading industry players of Global Supply Chain and logistics market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Supply Chain and logistics Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Supply Chain and logistics Market Size by analyzing historical data and future prospect."
— (Market Watch) (3/1) (Pocket)
LoRa Alliance® and GS1 in Europe Enter Liaison Agreement to Explore Combining GS1 Supply Chain Standards with LoRaWAN®"FREMONT, Calif., March 03, 2021 (GLOBE NEWSWIRE) -- The LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for Internet of Things (IoT) low-power wide-area networks (LPWANs), and GS1 in Europe, a not-for-profit organization that develops and maintains global standards for business communication to improve efficiency, safety and visibility of the supply chain in a variety of sectors, today announced a formal liaison agreement to explore adding LoRaWAN networks as an available carrier technology to the GS1 standards. The organizations’ goals are to provide greater efficiency and interoperability for supply chain and maintenance operations, strengthen inventory management, and simplify data exchanges between different systems and stakeholders. The initial collaboration addresses the requirements of the railway industry, with other sectors to follow."
— (CNET) (3/3) (Pocket)
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— Jessica Chasmar (Washington Times) (3/2)
Mar 03, 2021
Greg Abbott lifts mask mandate, business closures: 'Time to reopen Texas 100%'Texas Gov. Greg Abbott announced Tuesday that he is ending a statewide mask mandate and allowing businesses to open at 100% capacity starting next week. "It’s time to reopen Texas 100%," the Republican governor said at a news conference at a Lubbock restaurant. Mr. Abbott issued an executive order effective
— Jessica Chasmar (Washington Times) (3/2) (Pocket)
Coronavirus Update: Expert ‘mortified and disgusted’ by Texas reopening plan; it ‘will kill Texans,’ says top Democrat"News that the governor of Texas, Republican Greg Abbott, will lift the state’s face mask mandate and allow businesses to fully reopen on March 10 was met with a wave of alarm on Wednesday, as health officials warned the U.S. is not out of the woods yet, even as the vaccine program looked set to get a needed boost."
— (Market Watch) (3/3) (Pocket)
News Wrap: Texas lifts COVID mask mandate, ends limits on indoor dining"In our news wrap Tuesday, Texas lifted its COVID mask mandate and Gov. Greg Abbott ended limits on indoor dining at restaurants, President Biden pitched his $1.9 trillion relief bill to Senate Democrats, the U.S. is imposing economic sanctions over Alexei Navalny’s poisoning and jailing in Russia, and three female media workers in Afghanistan were shot dead in attacks."
— (PBS) (3/2) (Pocket)
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Politics
— (Market Watch) (2/27)
Mar 03, 2021
Outside the Box: Small businesses benefit when wages rise"Critics of raising the minimum wage, often try to stoke fears by arguing that a minimum wage hike will result in higher unemployment. But an exhaustive body of economic research disproves this. Studies of places that have increased the minimum wage have found insignificant impacts on the number of jobs, positive or negative. "
— (Market Watch) (2/27) (Pocket)
Don't Blame the Parliamentarian"It’s not the parliamentarian’s fault that the Byrd Rule exists, or that the filibuster exists, or that Democrats are not united in support for a $15 national minimum wage. The rules stay on the books because a majority of the Senate wants to keep them on the books. If the minimum wage is to be increased, it will be because enough members of Congress who hold different views negotiate with one another and reach a compromise. Progressives should work toward that end, and leave the parliamentarian alone."
— (Real Clear Politics) (3/1) (Pocket)
$15 federal minimum wage hike is now the biggest stimulus bill issue. Here's why"Although the $1.9 trillion COVID-19 relief bill passed the House, the package could wind up a little lighter as a result of a Senate parliamentarian ruling Thursday that an increase to the minimum wage can't be part of the legislation. However, when the legislation reaches the Senate, it'll need to be removed to follow certain rules because of the way the bill is set up to pass. "
— (CNET) (2/27) (Pocket)
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Business
— (ZDNet) (3/1)
Mar 03, 2021
Stratasys Q4 tops estimates as earnings, sales show improvement"Zeif also added that the Origin acquisition is expected to deliver revenue groth in 2022 and drive $200 million in new annual business in 2025. The CEO added that manufacturing is going to be the biggest driver of growth in the future. "
— (ZDNet) (3/1) (Pocket)
Cannabis Watch: Cronos stock falls after wider-than-expected loss, but revenue is boosted by Canadian adult-use cannabis market"Cronos Group Inc. shares slid 2.4% Friday, after the Canadian cannabis company posted a wider-than-expected loss for the fourth quarter, but revenue that beat estimates, buoyed by growth in the Canadian and U.S. adult-use markets."
— (Market Watch) (3/1) (Pocket)
Aerie Pharma’s Quarterly Sales Top Analysts’ Estimates; Shares Spike 16%"Revenue in the fourth quarter surged 23% sequentially to $24.7 million and handily exceeded analysts’ expectations of about $22.36 million. The top-line growth reflected "strong sequential volume growth in our glaucoma franchise and increased net revenue per bottle," said Aerie (AERI) CEO Vicente Anido. Wholesaler shipments jumped 18% sequentially in 4Q."
— (Yahoo) (2/28) (Pocket)
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Health
— (CNET) (2/25)
Mar 01, 2021
Translate Bio Announces Fourth Quarter and Full Year 2020 Financial Results and Highlights Recent Progress"LEXINGTON, Mass., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Translate Bio (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat or prevent debilitating or life-threatening diseases, today announced financial results and business highlights for the fourth quarter and full year ended December 31, 2020."
— (CNET) (2/25) (Pocket)
Translate Bio Announces Fourth Quarter and Full Year 2020 Financial Results and Highlights Recent Progress"LEXINGTON, Mass., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Translate Bio (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat or prevent debilitating or life-threatening diseases, today announced financial results and business highlights for the fourth quarter and full year ended December 31, 2020."
— (Yahoo) (2/25) (Pocket)
Translate Bio Announces Fourth Quarter and Full Year 2020 Financial Results and Highlights ..."LEXINGTON, Mass., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Translate Bio (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat or prevent debilitating or life-threatening diseases, today announced financial results and business highlights for the fourth quarter and full year ended December 31, 2020."
— (AP) (2/25) (Pocket)
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— Axios (Axios) (2/19)
Feb 22, 2021
U.K. Supreme Court rules Uber drivers are "workers," not independent contractors"The United Kingdom's Supreme Court ruled Friday that Uber drivers should be classified as "workers" and not self-employed independent contractors, dealing a major blow to the ride-hailing giant's business model.Why it matters: Uber has 65,000 active drivers in the U.K., according to the AP. The ruling could have major implications for the gig economy in Britain writ large.Details: The court's seven judges unanimously upheld a tribunal's ruling that affirmed the following ...Drivers whose work is arranged through the Uber app work for Uber under workers’ contracts and thus qualify for the national minimum wage, paid annual leave and other workers’ rights.Drivers who have brought the present claims were working under such contracts whenever they were logged into the Uber app and were ready and willing to accept trips — not just when they were driving passengers.Read the full ruling."
— Axios (Axios) (2/19) (Pocket)
Uber loses gig workers rights challenge in UK Supreme Court"Uber has lost a long running employment tribunal challenge in the UK’s Supreme Court — with the court dismissing the ride-hailing giant’s appeal and reaffirming earlier rulings that drivers who brought the case are workers, not independent contractors."
— (Tech Crunch) (2/19) (Pocket)
Top UK court rules Uber drivers are workers, not self-employed"The U.K. Supreme Court has ruled Uber drivers in Britain should be classified as "workers" – an outcome Uber has fought to avoid in the U.S. and abroad. The ruling paves the way for British drivers to get employment benefits and protections."
— Kelvin Chan (Christian Science Monitor) (2/19) (Pocket)
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@GregAbbott_TX: I just announced Texas is OPEN 100%.
EVERYTHING.
I also ended the statewide mask mandate.