Tag: Companys

Arrowhead’s New Deal With Takeda Strengthens The Company’s Value Proposition (NASDAQ:ARWR)

Arrowhead Pharmaceuticals (ARWR) is a long-term holding of mine that just recently announced a partnership deal with Takeda (NYSE:TAK) for its ARO-AAT developmental stage therapy. I love this deal and think it yet again shows how well management is strategically and efficiently advancing an impressive pipeline through clinical development.

Arrowhead’s Deal with Takeda is a Win-Win for the Company

On October 8, Arrowhead announced that it had struck a deal with Takeda to co-develop and co-commercialize ARO-AAT, the company’s developmental therapy to treat alpha-1 antitrypsin-associated liver disease (AATLD). The partners will split US profits 50/50, and Takeda received an exclusive license to the therapy in the rest of the world for which Arrowhead will receive 20-25% royalties on net sales.

In exchange for this deal, Takeda is paying Arrowhead $300 million upfront and up to $740 million more in various potential developmental, regulatory, and commercial milestone payments.

I described the

Read More

Amazon One is the company’s latest product to raise privacy concerns

Amazon announced a new palm-recognition system last week that lets people shop in two of its Amazon Go stores by scanning their palm at the entrance. The store automatically tracks what products they pick up and then charges the credit card associated with their hand.

It’s the latest in a long line of product announcements from the company to raise privacy or security concerns while selling its vision of an automated, frictionless future.

Called Amazon One, the palm-scanning system is only in two Go stores in Seattle at the moment. But with the massive online retailer behind it, it has the potential to become a standard form of payment or even identification. Amazon’s plan is to start selling it as a service to other companies, like retail stores, office buildings that use ID badges to get in and out, or stadiums that require tickets for events.

The week before, the

Read More

Uber engineer speaks out against company’s $186M campaign, says it’ll hurt drivers

As Uber has poured tens of millions of dollars into a California ballot measure to avoid classifying its drivers as employees, one engineer from inside the ride-hailing company spoke out against this campaign on Tuesday. In an op-ed published by TechCrunch, Kurt Nelson said Uber doesn’t have drivers’ interests in mind.

“Uber works because it’s cheap and it’s quick,” Nelson wrote. “But it’s become clear to me that this is only possible because countless drivers are spending their personal time sitting in their cars, waiting to pick up a ride, completely unpaid. Workers are subsidizing the product with their free labor.”


Nelson is one of only a handful of gig economy company employees to speak out against Proposition 22. It’s been historically rare to see tech workers criticize their employers’ positions. But that’s starting to change. Google employees organized walk-outs in 2018 over the company’s handling of sexual harassment allegations

Read More

Uber engineer speaks out on company’s $186M campaign, says it’ll hurt drivers

As Uber has poured tens of millions of dollars into a California ballot measure to avoid classifying its drivers as employees, one engineer from inside the ride-hailing company spoke out against this campaign on Tuesday. In an op-ed published by TechCrunch, Kurt Nelson said Uber doesn’t have drivers’ interests in mind.



a person driving a car: Uber and Lyft drivers have held several protests in California demanding to be classified as employees. James Martin/CNET


© Provided by CNET
Uber and Lyft drivers have held several protests in California demanding to be classified as employees. James Martin/CNET

“Uber works because it’s cheap and it’s quick,” Nelson wrote. “But it’s become clear to me that this is only possible because countless drivers are spending their personal time sitting in their cars, waiting to pick up a ride, completely unpaid. Workers are subsidizing the product with their free labor.”

Loading...

Load Error

Nelson is one of only a handful of gig economy company employees to speak out against Proposition 22. It’s been historically rare to see tech

Read More

The Technology 202: Twitter’s response to Trump’s coronavirus diagnosis highlights inconsistencies in company’s handling of abuse

From Democratic Reps. Rashida Tlaib (Mich.) and Alexandria Ocasio-Cortez (N.Y.):

Reps. Ilhan Omar (D-Minn.) and Ayanna Pressley (D-Mass.) also responded to the company’s tweet.

Twitter on Saturday said it would do better:

The episode highlighted the broader issue of social media abuse directed at female politicians particularly from minority backgrounds. 

Female congresswomen are far more likely than their male counterparts to be targeted with abusive posts on Facebook and Twitter, according to a new analysis from the Institute for Strategic Dialogue shared exclusively with The Technology 202. And the research shows that Ocasio-Cortez and Omar received the highest proportion of abusive comments. 

The findings are particularly important in the final weeks of a contentious presidential election, where a Black and Asian American woman is for the first time on the presidential ticket. They’re also a reminder that vice presidential candidate and Sen. Kamala D. Harris (D-Calif.) is particularly vulnerable

Read More

Firmament-Backed Envase Acquires SecurSpace, Solidifying Company’s Leading Position in Software and Technology Built for the Intermodal Supply Chain | News

NEW YORK, Oct. 5, 2020 /PRNewswire/ — Envase Technologies, a mission-critical software platform for the intermodal supply chain, announced today the acquisition of SecurSpace, a leading gate management software and online marketplace technology provider that connects companies looking for parking and storage options to those with dedicated or excess capacity.  SecurSpace joins Envase’s existing suite of market-leading Transportation Management System (TMS) software and firmly establishes the company as the leader in comprehensive technology solutions built for the intermodal community. 

“SecurSpace is highly complementary to our existing functionality, offering a technology driven marketplace where trucks, chassis, and containers can be stored in over 1,000 yards nationwide,” said Larry Cuddy, Jr., CEO, Envase Technologies. “This is an essential need in the industry and one of several important links in the intermodal chain. SecurSpace will enhance our mission-critical operating systems and further allow drayage carriers to efficiently move containers across ports,

Read More

Petroteq Energy Announces Pre-FEED Study Confirms Lower Costs & Increased Capabilities for Company’s Environmentally Benign Proprietary Technology

Company Is Now Commencing a FEED (Front End Engineering And Design) Study To Further Refine The Design and Further Increase Capacity.

SHERMAN OAKS, CA / ACCESSWIRE / September 16, 2020 / Petroteq Energy Inc. (“Petroteq” or the “Company“) ‎‎(TSXV:PQE)(‎OTC PINK:PQEFF)(FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announced that Crosstrails Engineering LLC, a subsidiary of Valkor LLC, has completed its Pre-FEED (preliminary) Design for a proposed 5,000 bopd oil sands plant (single train) for Petroteq. The same design, in a 2-train configuration, can be used for a proposed 10,000 bopd oil sands plant in eastern Utah for Greenfield LLC, a joint venture company between Valkor LLC and TomCo Energy Ltd., that has a technology license with Petroteq.

The purpose of the study was to confirm the technical feasibility of the plant and make a first estimation

Read More

What to expect from the company’s big VR show

When Facebook purchased virtual reality headset maker Oculus in 2014, the social network’s CEO, Mark Zuckerberg , raised expectations by saying the technology would be the next big computing platform.



Facebook CEO and co-founder Mark Zuckerberg speaks at Oculus Connect in 2019. The conference has been rebranded as Facebook Connect this year. Angela Lang/CNET


© Provided by CNET
Facebook CEO and co-founder Mark Zuckerberg speaks at Oculus Connect in 2019. The conference has been rebranded as Facebook Connect this year. Angela Lang/CNET

“Oculus has the chance to create the most social platform ever,” Zuckerberg said at the time Facebook announced its $2 billion acquisition of Oculus. The VR headset maker would “change the way we work, play and communicate.”

Six years later, virtual reality hasn’t lived up to that hype, even with a pandemic that keeps people at home and forces them to rely on technology to stay in touch. Still, Facebook hasn’t stopped betting on VR, as well as AR, or augmented reality. On Wednesday, the social media giant will kick off its

Read More

Peloton stock jumps 12%, adding $3 billion to the connected-fitness company’s market value after it turns its first quarterly profit



a man doing a trick on a stage: Peloton


© Peloton
Peloton

  • Peloton stock rose as much as 12% on Friday after the connected-fitness group reported its first quarterly profit.
  • Robust demand for at-home exercise equipment and online classes drove revenue up 172% to $607 million in the three months to June 30, generating $89 million in net income.
  • Peloton executives expect to nearly double revenue to between $3.5 billion and $3.65 billion next year, and grow adjusted earnings to at least $200 million.
  • The company’s stock has almost tripled this year as investors continue to view it as a “stay-at-home” winner.
  • Visit Business Insider’s homepage for more stories.

Peloton shares jumped as much as 12% on Friday, adding about $3 billion to the connected-fitness company’s market capitalization after it turned its first quarterly profit ever.

Loading...

Load Error

Widespread lockdowns and closures of gyms and fitness studios in response to the coronavirus pandemic boosted demand for Peloton’s indoor exercise

Read More

Cabify Appoints New CTO To Lead The Ride-Hailing Company’s Development Plans

Spanish ride-hailing company Cabify has appointed a new chief technology officer who will oversee the mobility outfit’s development of new products and data strategies.

Carlos Herrera previously headed up Cabify’s data science and research units, first joining the company in 2017. His appointment will see Cabify’s data science, engineering and research teams all come under the one branch of management.

Cabify, which has raised over $470 million from VCs, is based in Madrid but most of its operations are in Latin America.

Herrera is now taking the CTO reins at a time when managing Cabify’s ride data has evolved in the last six months during the coronavirus pandemic.

“We have to be super-fast in understanding the changes in the patterns. The cities were very predictable. I know that at 8pm I will have the rush hour. All of that changed,” he said.

“Even very

Read More