Square, a payments company that was founded in 2009 to facilitate in-person credit card payments, is rebranding and adopting the name Block as it expands into services such as peer-to-peer digital banking and cryptocurrency trading. The change echoes those made by Google and Facebook, whose names were changed to Alphabet and Meta, respectively.
Consumer visits to Walgreens stores in the future may look very different as the company focuses on providing more care and invests in converting its physical environment. CEO Roz Brewer says the Walgreens Health model will be designed to "keep people from returning to the system of health care."
Tests using sustainable aviation fuel, which produces cleaner emissions and doesn't contain aromatic compounds, were successful this fall in France. The ability to use SAF could be a key to helping airlines cut emissions on a faster timetable than the adoption of ultralight aircraft.
The Senate on Thursday voted to approve a short-term funding measure ahead of a default that would force a government shutdown, with the measure ensuring agencies can keep operating through Feb. 18, 2022. The bill passed absent an amendment that would have denied funding for a plan to mandate COVID-19 vaccines or testing for some companies.
Nvidia's attempt to purchase SoftBank entity Arm in a $40 billion deal has drawn a lawsuit from the Federal Trade Commission, with the agency contending that it would put the company at an unfair competitive advantage. "The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips," according to an FTC statement.
An injunction on a Texas restriction for requiring masks in schools was overturned Wednesday by the US Court of Appeals for the 5th Circuit. Parents of children with illnesses that made them vulnerable to COVID-19 argued the ban violates the Americans with Disabilities Act, among others, but US Circuit Judge Corey Wilson indicated dismissal of the case is likely over lack of plaintiff standing.
US Circuit Judge David Hamilton will take on senior status with the US Court of Appeals for the 7th Circuit as early as May, creating another federal judiciary position for President Joe Biden to fill. Hamilton made the announcement via a letter to the president, noting he is willing to step down when he becomes eligible as of his 65th birthday and would do so once a successor is confirmed.
Why it matters: This is an interesting article about how founders handing over the reins of Big Tech companies might actually lead to progress on policies related to Big Tech. With no big name founders to drag through the mud, policymakers might start to focus on ... you know... policy.
There's something to be said for new leaders in Big Tech. Microsoft and Google (Alphabet) moved on from their founders long ago and both companies remain wildly successful under the guidance of Satya Nadella and Sundar Pichai, respectively. If you're curious what the future might hold for Twitter, check out the Yahoo! article below about Parag Agrawal, who is now the youngest person to helm a company in the S&P 500.
Why it matters: Most experiments with basic income are means tested or include some kind of application process, but experts say those factors can skew ensuing research about the effectiveness of the programs. A new experiment in Barcelona is eliminating such variables by distributing funds to everyone in two specific neighborhoods, regardless of their income level or if they apply for the money.
Why it matters: Speaking of Barcelona ... one of the city's most-famous landmarks has been topped with a new ornament. A five-ton star has been placed atop La Sagrada Familia. But don't make the mistake of thinking the star on top means the never-ending construction of La Sagrada Familia is anywhere near complete.