Thursday, July 16, 2020

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Industry News
New data on remdesivir proven to relieve COVID-19 symptoms 6/3/2020
Remdesivir is the only treatment that’s been shown in a rigorous experiment to help fight the coronavirus. A large study led by the National Institutes of Health recently found it could shorten average recovery time from 15 days to 11 days in hospitalized patients with severe disease.
Personal size UV light could kill coronavirus and disinfect areas 6/3/2020
The UV radiation is in the 200 to 300 nanometer range and known to destroy the virus, making the virus incapable of reproducing and infecting.
Virus could trim GDP by $15.7 Trillion 6/3/2020
new estimate said that over the 2020-2030 period, total GDP output could be $15.7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade.
Engineers made transistor to sustain 8,000 volts 6/2/2020
The transistor could lead to smaller and more efficient electronic systems that control and convert electric power -- a field of study known as power electronics -- in electric cars, locomotives and airplanes. In turn, this could help improve how far these vehicles can travel.
U.S. food prices jumped 6/2/2020
Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high as slaughterhouses struggle to maintain production levels while implementing procedures intended to keep workers healthy.
Manufacturing PMI improved slightly 6/2/2020
Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction.
Hyperloop could have save 400 million tons of CO2 and create $300 Billion in benefit 6/2/2020
After analyzing engineering complexity, public right of ways, environmental constraints, ridership volumes and travel behavior, the commission felt the project was viable.
Coronavirus pandemic has scraped plans to iimport Chinese-designed cars 6/1/2020
HAAH Automotive Holdings, based in Irvine, Calif., had reached agreements with two Chinese automakers — Zotye and Chery — to bring their vehicles across the Pacific. HAAH hoped to import Zotye vehicles into the U.S. beginning this year, but the company’s CEO told Automotive News that the outbreak hammered Zotye sales in its native China — and prompted the automaker to halt expansion plans until its finances are settled.
Google sued for unauthorized tracking of consumer locations 6/1/2020
The suit alleges Google violated the Arizona Consumer Fraud Act and it seeks to claw back profits from the tracking. “Every company has a responsibility to be truthful to consumers," Brnovich said. “You cant deceive them, you can't make misrepresentations.”
UPS raise dlivery rate to large e-commerce customers 6/1/2020
Amid a surge of demand for deliveries from e-commerce companies like Amazon, Walmart and Target, United Parcel Service is adding a new surcharge aimed at those high-volume shippers and those that ship oversized items.
Merck announced three new initiatives to combat COVID-19 6/1/2020
First, Merck acquired Themis, a company that specializes in vaccines and immune-modulation therapies. Merck also partnered with nonprofit research organization IAVI to develop an investigational vaccine against SARS-CoV-2. Finally, Merck partnered with biotech company Ridgeback Biotherapeutics, which developed EIDD-2801, an oral antiviral candidate that could treat COVID-19 patients.
Microsoft to build hub to host 1500 in northern Virginia 5/29/2020
Gov. Ralph Northam's office announced Wednesday that Microsoft plans to spend $64 million on the new hub, which will be located in Reston Town Center in Fairfax County.
Canadian judge ruled Huawei executive case can proceed to U.S. extradition hearing 5/29/2020
Associate Chief Justice Heather Holmes said in her decision the allegations against Meng could constitute a crime in Canada and the extradition could therefore proceed.
U.S. durable good order plunged 17% 5/29/2020
The Commerce Department said Thursday that orders for durable goods dropped 17.2% last month after falling 16.6% in March. Excluding orders for transportation equipment, which can be volatile from month to month, durable goods orders fell 7.4%.
Boeing cutting 12,000 jobs as it reopens Max production 5/29/2020
Boeing had said it would cut 10% of a workforce that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.
Virgin Orbit engineers to analyze failure on rocket launch 5/28/2020
The problem occurred soon after the LauncherOne rocket was released Monday from a Boeing 747 jetliner off the Southern California coast and its first stage motor ignited.
German court ruling sets way for Volkswagen settlement 5/28/2020
Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement.
France’s government commit $8.8 billion to bail out its auto industry 5/28/2020
Starting next week, consumers can get up to 12,000 euros from the government for buying an electric car under the “historic” plan unveiled Tuesday by President Emmanuel Macron.
GE to sell 130 years old Lighting Division 5/28/2020
General Electric Co. was formed by merging the Edison Electric Co. and the Thomson Houston Co. on April 15, 1892, according to GE's website
Malicious emails up 600% during pandemic 5/27/2020
“There have also been worrying reports of attacks against health care organizations and medical research facilities worldwide.” Growing digital dependency has increased the vulnerability to cyberattacks, and “it is estimated that one such attack takes place every 39 seconds.”
SpaceX to send astronauts to Space Station from U.S. soil 5/27/2020
It will also mark the first attempt by a private company to send astronauts into orbit. Only governments — Russia, the U.S., and China — have done that.
Lockheed cuts back F-35 operations on supply chain issues 5/27/2020
As of May 23, each shift will be divided into three groups on a rotation. Each group will work for two weeks and then have a week off.
Mitsubishi Aircraft to close U.S. locations 5/27/2020
“Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities at its headquarters in Nagoya, Japan,” company spokesman Jeff Dronen told The Seattle Times via email. “This will impact the majority of our employees in the United States.”
Verizon has announced its partners for 5G 5/26/2020
On the consumer front, Verizon said it will be launching 5G service in parts of San Diego on 28 May; the company said 5G consumers will get upload speeds 30% faster than 4G. On the development side, it said it has adapted its seven 5G labs in the US and UK.
App uses AI analyses to confirm Covid-19 cases 5/26/2020
More than 3.3 million people have downloaded the app to report daily on their health status, and track any symptoms that may appear.
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