EMERGING NEWS 

Microsoft Teams with Elon Musk’s SpaceX to push Cloud Battle with Amazon Into Orbit

Amazon Web Services or AWS is one of the top players in the cloud market. It faces major competition from Microsoft, IBM, Google, and more, so it’s refreshing to see Microsoft work with a competitor. Microsoft is now teaming with Elon Musk’s spaceflight company SpaceX to develop new technology to keep humans safe when they travel to Mars. The partnership will allow Microsoft to use the innovative Mars-orbiting rocket system used by SpaceX. At the time, SpaceX and Musk were building their. Elon Musk, one of the most thoughtful tech…

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MARKET REPORTS 

SoClean Launches Device to Disinfect Phones, Keys, Household Items

DES MOINES, Iowa — Winter is here and that means you might want to start using some extra energy keeping your house clean. Clean launch their next generation home device called Disinfection 3.0. “So what we really focus on with Disinfection 3.0 is the whole household disinfectant system. It is odorless, it doesn’t irritate your nose, it doesn’t irritate your eyes,” says Jordan Kuzma, co-founder. The idea behind the device is quite simple: using a few simple steps, people can clean and disinfect at home or office. Hong Kong (PRUnderground)…

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EMERGING NEWS 

Investor Sets Peloton Price Target at $150 Per Share

Peloton (PELT -2.5% ) trades lower after UBS analyst Eric Sheridan cuts his 12-month price target on the company from $170 to $150. He reiterates an Outperform rating and sets a 12-month price target of $170. Sheridan says much of the upside for Peloton comes from the potential for more subscribers in the coming quarters as the company wins market share. “For the near term, PELT bulls likely want to focus on the company’s Q1 guidance, which predicts a net subscriber addition of 400,000, Krissy Kelley said she bought a…

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EMERGING NEWS 

NSA Advisory Warns US Department of Defense About Chinese Government Hackers

It is imperative for the Department of Defense and the Department of Homeland Security to immediately make improvements to the security of their networks and data, and implement immediate corrective actions.” Despite the discovery of the suspected Chinese hacking group by Symantec, the two American government agencies have not offered any response. However, the New York Times points out that the American government is not alone in this regard as German and French intelligence agencies also Earlier in May, an NSA-sponsored paper, published by the Center for a New American…

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EMERGING NEWS 

SUBARU Selects ON Semiconductor Image Sensing Technology

Subscribe to: Benzinga Premarket Activity Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Market in 5 Minutes Everything you need to know about the market – quick & easy. Fintech Focus A daily collection of all things fintech, interesting developments and market updates. Email Thank You Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING. ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this…

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FINANCE 

South Korean retail investors bid over $50 billion to win coveted shares in BTS label

Firm S3 Private Equity worth 3.3 trillion won (2.41 billion pounds) and run by serial entrepreneur Huh Jung-ho. At the same time, a 7.3 trillion won IPO by department store operator Lotte Shopping drew 14.5 times the shares on offer. The company drew about 14 million bids for a 5 percent stake and a valuation of 38.9 trillion won. “It’s extremely likely that we will see more retail investors bid for large-cap stocks. Many investors believe that growth will follow South Korean retail investors bid over $50 billion to win…

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EMERGING NEWS 

US Border Patrol Signs $13M Contract With Axon to Provide Agents With Body Cameras

The Department of Homeland Security has struck a deal with camera vendor Axon that will give more than 4,000 agents nationwide wearable body cameras, part of a larger effort by the agency to speed up ICE investigations, deter corruption, and “establish accountability, transparency, trust, and relationship” with local communities, said the department in a press release. As part of the contract, Axon’s body cameras will roll out to Border Patrol agents in the Pacific Southwest District (PSWD) in San Diego over the next year. The company’s announced the deal on…

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EMERGING NEWS 

Amazon Says 19,816 US Workers Tested Positive for Coronavirus

The e-commerce giant on Monday said it has investigated these cases and found “nothing unusual.” Amazon.com Inc has received 18 lab reports indicating employees may have become infected with the potentially fatal coronavirus in the U.S. The Amazon data were posted by the Centers for Disease Control and Prevention and shared with employees and news organizations on Tuesday. The exact number of confirmed cases is unclear, but the CDC lists 284 cases of the respiratory illness. Investigators have said that of those patients, 15 percent died. The Amazon data showed…

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FINANCE 

Investor Bets $180M on Amazon, Facebook, Netflix, Google Call Options

Technology magnate Donald Yacktman will start trading a series of call options in key technology stocks — including Amazon, Facebook, Netflix and Google — on June 11. The $180 million bet over time includes options on Amazon, Netflix, Google and Twitter. It’s not certain what the cash yields will be. But the arrangement comes amid a sell-off in technology stocks. The Nasdaq composite index is off 15% since a high point in March. Since the market sell-off in late April, a Tech Wrap podcast (listen below) spoke with Yacktman about…

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EMERGING NEWS 

Tesla to Acquire German Battery Assembly Maker: Source

Tesla, the electric car maker, is planning to buy what’s left of Panasonic’s stake in the Gigafactory 3 battery plant in Reno, Nevada and transfer Panasonic’s functions to Tesla’s facilities in California and Hungary, a source with knowledge of the plan told Reuters. Panasonic had previously planned to separate its car-making business from its battery operation in a transition to a new strategy of sales primarily to other manufacturers of electric vehicles. Tesla has been building its own battery cells since 2016, but battery-making contracts have been split among several…

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