Business

Elon Musk discusses Coverage Above and Beyond, a collaboration between SpaceX and T-Mobile that aims to boost cellphone connectivity by using SpaceX Starlink satellites, during a presentation at SpaceX

SpaceX Starlink satellites to beam service straight to smartphones

SpaceX’s Starlink satellite network will start beaming service straight to smartphones next year, if all goes according to plan. Elon Musk and T-Mobile president and CEO Mike Sievert announced the plan Thursday night (Aug. 25) during a webcast event at SpaceX’s Starbase facility in South Texas. The two companies are teaming up on a project …

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Armed with $100M grant, ElevateBio looks to create biomanufacturing center with the University of Pittsburgh – Endpoints News

Armed with $100M grant, ElevateBio looks to create biomanufacturing center with the University of Pittsburgh – Endpoints News

While Pittsburgh has a rich manufacturing history, one biotech is looking to make the city more than just a steel powerhouse. David Hallal’s ElevateBio, which has managed to build out an impressive war chest of funds over the past few years, will see its latest move partnering with a university to create a biomanufacturing site. …

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Deadline to File Claim in the Google Class-Action Lawsuit Settlement in Illinois Nears – NBC Chicago

Deadline to File Claim in the Google Class-Action Lawsuit Settlement in Illinois Nears – NBC Chicago

Time is running out for eligible Illinois residents to submit their claims as part of a multi-million dollar settlement in a class-action campaign involving Google. The lawsuit, which mirrors one recently settled with Facebook that resulted in many residents receiving checks worth nearly $400 this year, claimed the company violated the Illinois Biometric Information Privacy …

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China unveils 19 new measures to boost flagging economy

China unveils 19 new measures to boost flagging economy

The new measures announced by China’s cabinet on Wednesday amount to more than 1 trillion yuan ($146 billion) in funding to improve infrastructure, ease power shortages, and tackle drought, including money to secure rice production. “The current economic recovery has a weak foundation,” the statement said, adding that the new funding was aimed at stabilizing …

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Richard Thaler says nothing in US economy 'resembles a recession'

Richard Thaler says nothing in US economy ‘resembles a recession’

Thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences, is best known for his work in behavioral economics. Scott Olson | Getty Images Nobel Prize-winning economist Richard Thaler says the US may have recorded two successive quarters of economic contraction, but it’s “just funny” to describe it as being a recession. “I …

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US economy shrunk at slower pace in second quarter, new estimate shows

US economy shrunk at slower pace in second quarter, new estimate shows

The US economy shrunk at a slower pace between April and June than the federal government initially calculated, according to revised data released Thursday by the Bureau of Economic Analysis (BEA). The BEA said US gross domestic product (GDP) fell at an annualized rate of 0.6 percent during the second quarter of 2022. That’s down …

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