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CNN —It’s not surprising that Apple’s debut Monday of its $3,499 Vision Pro headset integrating virtual and augmented reality was greeted with mixed reactions, including skepticism, criticism and even lampooning. Each previous incarnation of a headset that immerses the wearer in a virtual world (called virtual reality, or VR) or lets wearers see their surroundings with virtual objects overlaid on them (augmented reality, or AR) started with overhyped expectations only to flame out. I am also doing my doctoral research on the history of virtual and augmented reality (known together as “extended reality”). These apps will be available to Vision Pro users as well. It’ll do anything your Mac or iPhone can do — and more.”And that’s why I believe that over time Apple’s Vision Pro will actually make science fiction scenarios of ubiquitous computing a reality.
Persons: Rizwan Virk, CNN — It’s, Rizwan, Tom Cruise’s, , Mark Zuckerberg’s, Tiago Amorim, Adrees Latif, I’m, Cathy Hackl, Samantha Kelly, I’d, Bob Iger, Tim Cook, CNN’s Kelly, Ivan Sutherland, Apple, , Cook, , you’ll, Tom Cruise Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Twitter, CNN, Meta, Google, Microsoft, HTC, Samsung, Sony, Reuters, Massachusetts Institute of Technology, Apple, VR, Vision, Disney, Facebook Locations: Brazil, Manhattan , New York
[1/5] Arlo Brownlee, an engineer, checks battery banks at GlidePath's Byrd Ranch energy storage facility in Sweeny, Texas, U.S., May 23, 2023. The battery rush also puts the Republican-controlled state at the forefront of President Joe Biden's push to expand renewable energy use. Reuters drew on previously unreported data and interviewed more than a dozen executives from private equity firms, utility companies and energy storage providers involved in some of the biggest battery storage deals for this report. But the legislation also contains provisions that industry groups said could encourage investment in battery storage. Miller said he expects ancillary market prices to "collapse" as more battery storage comes online.
Persons: Arlo Brownlee, Adrees Latif, Rhett Bennett, , Joe Biden's, Wood Mackenzie, Andrew Waranch, David Miller, Miller, Waranch, Dick Lewis, Andrew Tang, Chris McKissack, you've, McKissack, Nichola Groom, Laila Kearney, Richard Valdmanis, Suzanne Goldenberg Organizations: REUTERS, Korea's SK, Switzerland's UBS, Black, Energy, Texans, Republican, Reuters, U.S . Energy Information Administration, Developers, BlackRock, Jupiter, EnCap Investments, Korea's SK E, Vision Ridge Partners, UBS, SK E, SK, Mercom Capital Group, Reliability, of Texas, Spearmint Energy, Inc, Wartsila, Thomson Locations: Sweeny , Texas, U.S, BlackRock, Texas, California, Gridmatic
David Peinado Romero/Anadolu Agency/Getty Images Migrants carry a baby in a suitcase across the Rio Grande on May 10. Gary Coronado/Los Angeles Times/Getty Images Migrants wait to get paid after washing cars at a gas station in Brownsville on May 10. Andrew Caballero-Reynolds/AFP/Getty Images Migrants surrender to US Border Patrol agents after crossing the border in Yuma on May 10. Paul Ratje/Reuters Migrants wait to be processed by US Border Patrol agents in Santa Teresa, New Mexico, on April 26. Hudak warned in the filing that without measures to conditionally release some migrants, Border Patrol could have over 45,000 migrants in custody by the end of the month.
Republicans ask watchdog to assess US oil reserve management
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File PhotoWASHINGTON, May 8 (Reuters) - Two Republicans on Monday asked a congressional watchdog to assess the Biden administration's management of the Strategic Petroleum Reserve and audit its modernization program, saying sales from the SPR have undermined U.S. energy security. Over about six months last year, the Biden administration conducted a record sale of 180 million barrels of oil to combat high gasoline prices after Russia's invasion of Ukraine. The Biden administration wrote to lawmakers last month, saying the sales did not damage the SPR. The lawmakers said they were concerned about delays and cost overruns in the SPR modernization program authorized by Congress in 2015.
REUTERS/Adrees Latif/File PhotoWASHINGTON, May 2 (Reuters) - President Joe Biden's administration will temporarily send 1,500 additional troops to help secure the U.S.-Mexico border, the Pentagon said on Tuesday, in preparation for a possible rise in illegal immigration when COVID-19 border restrictions lift later this month. Biden, a Democrat running for reelection in 2024, has grappled with record numbers of migrants caught illegally crossing the U.S.-Mexico border since he took office in 2021. The 1,500 troops could arrive at the U.S.-Mexico border by May 10, Ryder said during a briefing. U.S. military troops have been used to help secure the border during previous presidential administrations, including Republican George W. Bush, Democrat Barack Obama and Trump, who deployed thousands of active-duty and National Guard troops. Immigration advocates have criticized previous efforts to send troops to the border.
Musk later apologized for the tweet. At the time of the incident, billionaire investor Ron Baron told Musk to stop tweeting. A year later, Musk had to pay $20 million for a settlement with the Securities and Exchange Commission after he tweeted that he had "funding secured" to take Tesla private. While Musk's plans to take Tesla private weren't a joke, it's an example of how the billionaire's presence on Twitter has impacted his companies. Sources: Insider, Insider, Insider
US FDA approves first OTC opioid overdose reversal drug
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A box of NARCAN nasal spray is photographed at an outpatient treatment center in Indiana, Pennsylvania, U.S. on August 9, 2017. The approval for OTC use of the naloxone-based nasal spray will help align the federal government's stance with states that have provisions to offer the drug without prescription at pharmacies. Drug-related overdose deaths in the United States rose about 15% year-over-year to more than 100,000 in 2021, as per official data. While the approval puts Emergent ahead in the OTC product race, analysts have said it is not likely to derive significant sales from the approval. Benchmark analyst Robert Wasserman said ahead of the approval that Narcan sales peaked in 2020 and have declined since.
NASA's Hubble Space Telescope is getting more satellites ruining its images, a new study found. Hubble images streaked with white lines show the impact of just one satellite flying through the telescope's field of view. The proportion of Hubble images that look like this is increasing as more satellites fill Earth's orbit, the study found. Hubble peers through a growing 'wall' between us and the universeThe Hubble Space Telescope in Earth's orbit. So far SpaceX has launched more than 3,000 Starlink satellites and plans to eventually maintain up to 42,000 satellites in orbit.
REUTERS/Adrees Latif/File PhotoWASHINGTON, Jan 23 (Reuters) - President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR) if it passes Congress, Energy Secretary Jennifer Granholm said on Monday. In a letter last week, Granholm warned Republicans that limiting the Democratic president's authority to tap the nation's oil reserves would undermine national security, cause crude oil shortages, and raise gasoline prices. "He will not allow the American people to suffer because of the backwards agenda that House Republicans are advancing" Granholm, speaking to reporters at a White House briefing, said of Biden. The House, which Republicans control by a narrow margin, is expected to vote on the bill as soon as this week. She said the administration would soon announce how it will buy back some initial replenishment oil for the reserve.
A color coded plastic band used by cartels and smugglers to track paying migrants is seen on the wrist of nine month old Valentino, of Peru, as he is carried by his mother Marbel and followed by his father Carlos, as they navigate thick brush and...moreA color coded plastic band used by cartels and smugglers to track paying migrants is seen on the wrist of nine month old Valentino, of Peru, as he is carried by his mother Marbel and followed by his father Carlos, as they navigate thick brush and cold, wet weather after crossing the Rio Grande river from Mexico into Roma, Texas, U.S., November 18, 2022. REUTERS/Adrees LatifClose
But there's one group, almost unnoticed in the midst of the online firestorm, that has been cheering Musk on from the sidelines: other tech executives. To some founders, Musk is simply a monstrous version of the executive they wish they could be. Musk is getting rid of perks like free meals in the Twitter cafeteria — and other tech executives are taking note. Musk's slash-and-burn approach gives tech executives cover for making unpopular decisions. But now, as tech companies cut back to prepare for a recession, the "rough waters out there" have forced his staff to "reevaluate" their demands.
REUTERS/Adrees Latif/File PhotoNov 8 (Reuters) - Elon Musk's net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc (TSLA.O) shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter. Musk now has a net worth of $194.8 billion, according to Forbes, with a big share of that coming from his nearly 15% stake in Tesla, which has a market value of $622 billion. The company has lost nearly half its market value and his net worth has dropped by $70 billion since he bid for Twitter in April. Since buying Twitter, Musk has made very few tweets on Tesla, a practice that helped him gain traction on the platform. The net worth of the world's richest person, who also owns rocket company SpaceX, is roughly $40 billion more than the second richest person, LVMH-owner Bernard Arnault.
Some Twitter staff were told to listen to a podcast hosted by Elon Musk's associates, Platformer reported. A Twitter VP reportedly told staff it would provide insight into why layoffs were necessary. David Sacks and Jason Calacanis — two of Musk's close associates who have stepped in to help him at Twitter — also cohost the show. 'Just helping a friend'During the podcast, Sacks and Calacanis attempted to clarify their new roles at Twitter. It later emerged that they were likely practical jokers pretending to be laid off Twitter staff.
[1/2] SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. REUTERS/Adrees LatifCompanies Twitter Inc FollowTesla Inc FollowWILMINGTON, Del., Nov 7 (Reuters) - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing. Does Elon Musk work for the board or does the board work for Elon Musk," said Minor Myers, a professor at UConn School of Law. Myers said if the pay package is rescinded, the board could simply create a new one and do so with McCormick's ruling to guide them.
Elon Musk, the richest person in the world, is a big fan of private jets — and he just added a new jet to his collection. Adrees Latif/ReutersAccording to a June report by the Texas-based news site Austonia, Musk has placed an order for the Gulfstream G700. The G700, which was launched in October 2019, is expected to replace his current jet, the G650ER, per the report. Musk regularly travels by private plane. In 2018, the billionaire flew more than 150,000 miles on his G650ER, per flight records obtained by the Washington Post.
Twitter (TWTR) and Musk new wild card. A separate report in the Washington Post said Musk is planning to cut the Twitter workforce by 75%. Jeffries lowered price target for Club name Estee Lauder (EL), but maintains its buy rating. Dow Inc. (DOW) price target raised to $47 from $45 at Citi. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Today, we're exploring the new Insider project Warehouse Nation, and specifically, Amazon's role. The tech giant has made efficiency the cornerstone of its business, and this series examines how that's reshaped the nation and its workforce. Plus, this week has shown us that Elon Musk and Jeff Bezos have pretty much opposite views on the state of the economy (no surprise there). Elon Musk told investors that he planned to get rid of nearly 75% of Twitter's 7,500 workers, according to The Washington Post. Jeff Bezos thinks it's time to "batten down the hatches," while Elon Musk says Tesla is "pedal to the metal" on production.
IBM — A truly good quarter with excellent numbers when it comes to mainframe and hybrid cloud and artificial intelligence. Club holding Danaher (DHR) beat and raise ... no slowdown, all systems go ... company says growth was broad-based across all segments of the company. Company beat top and bottom line estimates as travel demand remains strong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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