Day: October 2, 2020

U.S. government appeals judge’s ruling to block WeChat app store ban

WASHINGTON (Reuters) – The U.S. Justice Department on Friday said it was appealing a judge’s decision to block the government from barring Apple Inc AAPL.O and Alphabet Inc’s GOOGL.O Google from offering Chinese-owned messaging app WeChat for download in U.S. app stores.

FILE PHOTO: The messenger app WeChat is seen among U.S. flags in this illustration picture taken Aug. 7, 2020. REUTERS/Florence Lo/Illustration/File Photo

The government said it was appealing the Sept. 19 preliminary junction issued by U.S. Magistrate Judge Laurel Beeler to the 9th U.S. Circuit Court of Appeals. The injunction blocked the U.S. Commerce Department order, which would also bar other U.S. transactions with Tencent Holding’s 0700.HK WeChat, potentially making the app unusable in the United States.

A U.S. spokesman for Tencent did not immediately comment.

The Justice Department said earlier that Beeler’s order was in error and “permits the continued, unfettered use of WeChat, a mobile application

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Stock market news today: Dow, S&P fall on Trump’s COVID-19 test, tech slump

  • US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19.
  • The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsize market volatility.
  • While some sectors pared losses and swung higher, falling tech stocks dragged on major indexes and led the Nasdaq composite to underperform its peers.
  • Investors also faced off against weakening economic data. US businesses added 661,000 nonfarm payrolls in September, according to the Bureau of Labor Statistics. That’s less than economists’ expectation of 859,000 payrolls.
  • Oil futures continued to slide below the $40 support level. West Texas Intermediate crude dropped as much as 5.4%, to $36.63 per barrel.
  • Watch major indexes update live here.

US equities tumbled on Friday after President Donald Trump and First Lady Melania Trump announced they both tested positive for COVID-19.

Trump was tested late

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Trump immigration policies a source of frustration for employers

Through policy, the Trump administration has made it clear it is looking to minimize employer use of the H-1B visa program, the immigration pathway for highly-skilled foreign nationals to help meet key talent needs in tech, healthcare, and finance, among others. Talent consultants, researchers and employment attorneys say the administration’s continuous effort to complicate the process for hiring this talent has caused “a lot of frustration” for employers.

“It shakes the whole core of the organization,” Eileen Scofield, an attorney in Alston & Bird’s labor and employment group, told HR Dive. “It incentivizes them to go and build their infrastructure someplace else where they don’t have to worry about losing key people.”

In the early months of the pandemic, the administration declared a series of cessations of entry for H-1B applicants and other foreign nationals, citing public health and labor market concerns. Gary Shapiro, president and CEO of

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One In Four Ubisoft Employees Witnessed Or Experienced Misconduct, Internal Survey Finds

Illustration for article titled One In Four Ubisoft Employees Witnessed Or Experienced Misconduct, Internal Survey Finds

Photo: Christian Petersen (Getty Images)

Earlier today, Ubisoft CEO Yves Guillemot updated his employees about a recent company-wide survey regarding the status of reforms following a summer complaints about harassment, misconduct, and other systemic issues at the global video game publisher.

He did so in a message that was shared with Kotaku not by current employees but by Ubisoft PR. In the message, Guillemot points out that 25% of anonymous respondents to the summer survey reported witnessing or experiencing misconduct first-hand. In addition, one in five respondents said they didn’t feel “fully respected or safe in the work environment.” Ubisoft says the survey was conducted by an independent research firm.

In addition, women at Ubisoftt were 30% more likely than men to experience, witness, or hear about discimination, while non-binary employees were 43% more likely. One of the goals outlined by Guillemot to deal with this

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CNBC: Tom Lydon Talks Tech Success Despite Lack Of Clear Trend

Looking at the various events of the week that revolve around the approaching general election, the renewed hopes of a new stimulus package, and now the sudden announcement of President Trump testing positive for Covid-19, there is a lot this could mean for an already volatile market. ETF Trends CEO Tom Lydon spoke with Kelly Evans on CNBC, along with Ron Insana, Senior Advisor to Schroders North America, about the tech space, the lack of a clear trend, and what that could mean, based on current data.

Something notable right off the bat pointed out by Lydon, is how despite the announcement regarding Pres. Trump, the Dow is still positive. It shows how while the stock market is not insensitive, the significant things going on in Washington D.C. are not having as large an effect on the market as the underlying areas.

This indicates that, while close to another earning

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This Week’s Under 30 Newsletter

The following is an excerpt from this week’s Under 30 Newsletter.

During the 2020 Forbes AgTech+ Under 30 weekend Hackathons, I am reminded of my time as cofounder of Ube Kitchen, a plant-based startup—now closed due to the pandemic—inside a 10×10 tent along with dozens of other food makers at the outdoor Smorgasburg food markets in New York City. Running the business also meant building relationships with farmers for the best ingredients that are also constantly innovating. Especially when I would visit Farm.One for the shocking delicious tastes from microgreens, herbs and flowers grown vertically and hydropincally. The network of farmers became like family when I would call a Miami dragon fruit supplier who shared her stories for protecting her fruits during hurricanes and then speaking to her mother, who owned a distribution center in Manhattan, about

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Ubisoft CEO Reveals Huge Number Of Employees Who Have Witnessed Misconduct

Ubisoft CEO Yves Guillemot has issued a lengthy statement to employees regarding the allegations of a toxic workplace and the next steps the company is taking to address the issues.

In a letter, which Ubisoft shared with GameSpot, Guillemot references an independent survey that garnered nearly 14,000 replies from staff, and said that an audit consisted of 100 interviews and 40 focus groups. The findings suggested that roughly 25% of employees experienced or witnessed some form of workplace misconduct over the last two years. Minority groups were disproportionately affected; women experienced harassment 30% more than men, and non-binary employees experienced it 43% more than men. Finally, only 66% of respondents who reported an incident said they felt they received support from management.

As a result of the audit, the company has concluded it needs to focus on four key areas of improvement going forward:

  1. Guarantee a working environment where everyone
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Trilogy Metals Files NI 43-101 Technical Report for the Arctic Feasibility Study

VANCOUVER, BC, Oct. 2, 2020 /PRNewswire/ – Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy Metals” or the “Company”) has filed on a voluntary basis a National Instrument 43-101 technical report titled “Arctic Feasibility Study Alaska, USA NI 43-101 Technical Report” with an effective date of August 20, 2020 and a release date of October 2, 2020 with the United States Securities and Exchange Commission and the securities regulatory authorities in each of the provinces of Canada. A copy of the report is available at www.edgar.com, www.sedar.com and on the Company’s website at www.trilogymetals.com.

The Feasibility Study (“FS”) was prepared for the Arctic Copper-Zinc-Lead-Silver-Gold Project (“Arctic Project”) located in the Ambler mining district of Northwestern Alaska. The Arctic Project is held by Ambler Metals LLC, the joint venture operating company equally owned by Trilogy and South32 Limited. The FS was prepared on a 100% ownership basis,

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Coinbase and Clubhouse aside, Ethel’s Club founder wants to take us ‘Somewhere Good’

Welcome back to Human Capital, a weekly digest about diversity, inclusion and the human labor that powers tech.

This week, we’re looking at a number of topics because a lot went down. Coinbase CEO Brian Armstrong took a controversial stance on social, Clubhouse found itself under scrutiny again, but this time around anti-Semitism and a new site launched that sheds light on some of the negative experiences of underrepresented people in tech. Meanwhile, the founder from Ethel’s Club unveiled Somewhere Good, which aims to provide a safe social platform for people of color. The timing couldn’t be better.

Human Capital launches as a newsletter on Friday, October 23. Be sure to sign up here to get it sent straight to your inbox. 

Stay Woke

Coinbase CEO’s stance on societal issues stirs up controversy 

Over the weekend, Coinbase CEO Brian Armstrong said the company does not engage on border societal issues

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