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Latest from the Blog

Wall Street advances as media stocks gain; Nasdaq hits record
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(Reuters) – Technology and media stocks pushed Wall Street higher on Wednesday and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-U.S. trade tensions. from Reuters: Business News https://ift.tt/2tbCtRZ … Read More

US Fourth Largest Mobile Provider Partners on Automotive Blockchain Platform
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US No.4 mobile provider Sprint has partnered to develop a blockchain powered platform for the automotive industry https://ift.tt/2alQVjr

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture
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(Reuters) – Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture. from Reuters: Business News https://ift.tt/2MIWpUz http://www.reuters.com

Tether Review Claims Crypto Asset Fully Backed – But There’s a Catch
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Tether has finally produced a third-party report proclaiming that its cryptocurrency, USDT, is fully backed by U.S. dollars – with some big caveats. from CoinDesk https://ift.tt/2I55K5I https://ift.tt/1kITr2E

Brazil’s Central Bank Plans Blockchain Data Exchange for Regulators
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Banco Central do Brasil is building a blockchain platform to ensure the authenticity of data exchanged between financial authorities. from CoinDesk https://ift.tt/2tbzQjp https://ift.tt/1kITr2E

Sorrell’s heir apparent flags need for radical change at WPP
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CANNES, France (Reuters) – WPP needs radical change to stay ahead of the digital revolution reshaping the industry and its clients, the man now steering the world’s largest advertising group said. from Reuters: Business News https://ift.tt/2K1n1hO http://www.reuters.com

Walt Disney raises bid for Fox assets to $71.3 billion, adds cash
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(Reuters) – Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp’s $65 billion offer last week. from Reuters: Business News … Read More

Wall Street opens higher after trade spat selloff
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(Reuters) – U.S. stocks rose at open on Wednesday led by technology and media stocks after a punishing few sessions due to a rapid escalation in trade tensions between the United States and China. from Reuters: Business News https://ift.tt/2tmxCNf http://www.reuters.com

Looking for another Nasdaq? Try Europe’s aerospace and defense stocks
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MILAN (Reuters) – Fat order books covering several years of sales have made European aerospace and defense firms a winning bet as a slowing economy and political instability have clouded prospects for the region’s equity market. from Reuters: Business News … Read More

OxyContin maker Purdue Pharma cuts remaining sales force
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(Reuters) – OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales … Read More

Amazon, Berkshire, JPMorgan name CEO for healthcare venture
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(Reuters) – Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture. from Reuters: Business News https://ift.tt/2ljBomZ http://www.reuters.com

Equity Office embraces flexible workspace, adopts EQ Office name
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NEW YORK (Reuters) – Blackstone’s Equity Office, a large U.S. owner of office space, said on Wednesday it will offer flexible leasing and workspace in a deal with co-working operator Industrious that promises further ties if a joint effort in … Read More

Crypto Markets See Red After Hack of World’s Sixth Largest Crypto Exchange
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All of the top ten cryptocurrencies by market cap have been hit by losses today, after news broke of the hack of the world’s sixth largest crypto exchange, Bithumb https://ift.tt/2alQVjr

UK Crypto Exchange to Launch Litecoin Futures
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UK-based crypto futures exchange Crypto Facilities is launching Litecoin https://ift.tt/2alQVjr

Walt Disney raises bid for Fox assets to $71.3 billion, tops Comcast
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(Reuters) – Walt Disney Co sweetened its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, topping Comcast Corp’s $65 billion offer last week. from Reuters: Business News https://ift.tt/2K45fxD http://www.reuters.com

Wall Street set to open higher after trade spat selloff
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(Reuters) – U.S. stocks looked set for a bounce on Wednesday after being battered in the past few sessions following a rapid escalation in trade tensions between the United States and China. from Reuters: Business News https://ift.tt/2ypd2Sj http://www.reuters.com

EU to impose duties on U.S. imports Friday after Trump tariffs
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BRUSSELS (Reuters) – The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said … Read More

Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform
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Samsung SDS has presented Cello 3.0, a new logistics platform which utilizes blockchain and artificial intelligence https://ift.tt/2alQVjr