LOS ANGELES, CALIFORNIA – NOVEMBER 11: Turkeys are displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California. U.S. consumer prices have increased solidly in the past few months on items such as food, rent, cars and other goods as inflation has risen to a level not seen in 30 years. The consumer-price index rose by 6.2 percent in October compared to one year ago. (Photo by Mario Tama/Getty Images) It turns out nobody wants to hear… Source link

Nvidia’s (NVDA) $40 billion ARM deal faces a slew of roadblocks from regulators here and abroad. But Nvidia CEO Jensen Huang said if the deal doesn’t go through the company will still continue to perform at the same high level it has been. Jensen, who was fresh off of a virtual keynote at Nvidia’s GTC 2021 conference, told Yahoo Finance Live that the company wants to continue to see a large diversity of central processing units (CPUs) available, because it provides more opportunity for… Source link

Johnson & Johnson’s (JNJ) historic move to split the world’s largest pharmaceutical company into two over the next two years will create two new publicly-traded companies. The legacy brand will focus on drugs and medical devices, while the consumer segment will receive new branding, the company said in a statement Friday. The move follows a growing trend in the health care sector to focus on innovative — or more high risk, high reward — segments of business, according to experts. Ashtyn… Source link

COVID-19 cases are rising in a number of U.S. states ahead of the holiday season, and it’s prompting warnings of a coming winter wave, as health care officials point to rising cases in Europe as a sign of what’s to come in the United States. “Sadly, I do think that we’re at the beginning of a wave,” said Dr. Taison Bell, assistant professor of medicine in the divisions of Infectious Diseases and International Health and Pulmonary and Critical Care Medicine at University of Virginia,… Source link

Tesla (TSLA) CEO Elon Musk says the real test for newly public electric vehicle startup Rivian (RIVN) will be high volume production and breakeven cashflow.  In a reply to a Twitter follower, Musk wrote: “I hope they’re able to achieve high production and breakeven cash flow.” He went on to say there have been hundreds of automotive startups, but “Tesla is [the] only American carmaker to reach volume production & positive cash flow in past 100 years.” Rivian went public this Wednesday reaching… Source link

Google leaves no doubt: it will pursue DOD’s new cloud initiative The competition around “JEDI: The Sequel” is starting to heat up as more reports surface that the Defense Department is making progress on the restart of its enterprise cloud initiative formerly known as the Joint Enterprise Defense Initiative. JEDI had an ignoble end as DOD cancelled the contract after nearly two years of protests and lawsuits. DOD appears to eschewing the Star Wars theme this time around…. Source link

The metaverse has seemingly just begun to be built, and one tech industry giant says it will surpass the physical world. Ever since Facebook renamed itself Meta, talk of the metaverse has been everywhere. But companies like Nvidia have already been working on their own virtual worlds. And founder and CEO Jensen Huang has an expansive vision for the technology, and Nvidia’s place in it. “It is a 3D extension of the internet that is going to be much, much bigger than the 3D physical world… Source link

President Biden has selected Robert Califf as his pick for the next head of the Food and Drug Administration, the White House announced today. Califf is currently a senior advisor for Verily Life Sciences and Google Health, two divisions of parent company Alphabet. He was brought on in 2019 to lead health strategy and policy for the groups. Califf, a cardiologist, previously served as the FDA commissioner during the last year of the Obama administration. He also founded the Duke Clinical… Source link

Written by Billy Mitchell Nov 12, 2021 | FEDSCOOP Google Cloud CEO Thomas Kurian on Thursday confirmed recent reports that his company wants a piece of the Department of Defense’s forthcoming multi-cloud procurement, the Joint Warfighter Cloud Capability. Kurian wrote in a blog post that if Google Cloud is invited by the Department of Defense (DOD) to bid on the Joint Warfighter Cloud Capability (JWCC),… Source link

The Education Department rolled out a series of major changes to the troubled Public Service Loan Forgiveness (PSLF) program for student loan borrowers in public service in October, and the level of debt cancellation is topping even the government’s estimates. According to a tweet by Education Secretary Miguel Cardona on Thursday, roughly 10,000 borrowers who were on PSLF have already had $715 million erased because of the change in policy and another 20,000 will be notified in the “coming… Source link