AP News | |

Apple unveiled plans to scan U.S. iPhones for images of child sexual abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused, including by governments looking to surveil their citizens.

The tool designed to detected known images of child sexual abuse, called “neuralMatch,” will scan images before they are uploaded to iCloud. If it finds a match, the image will be reviewed by a human. If child pornography is confirmed, the user’s account will be disabled and the National Center for Missing and Exploited Children notified.

Reuters | |

Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter.

Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, which the company expects to complete by the end of 2021.

AP News | |

Declaring the U.S. must “move fast” to win the world’s carmaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade.

Biden also wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026. That would mark a significant step toward meeting his pledge to cut emissions and battle climate change as he pushes a history-making shift in the U.S. from internal combustion engines to battery-powered vehicles.

Kimberly Redmond | |

German healthcare conglomerate Bayer AG announced on Thursday it will spend at least $1.5 billion to acquire Vividion Therapeutics, a small US biotechnology firm focused on discovering drugs that target previously unknown binding sites to create novel therapies.

Founded in 2013, San Diego-based Vividion is mainly focused on NRF2-mutant cancers and NRF2 activators for inflammatory diseases, like irritable bowel disease.

Kimberly Redmond | | Inc (Nasdaq: AMZN) announced Wednesday it is rolling out free one-day delivery to Prime subscribers in 50 cities across Brazil, Latin America’s largest economy.

The offering, which is currently available to Prime members in certain markets across the US, Canada and UK, arrives two years after Amazon first introduced the service in Brazil.

Kimberly Redmond | |

The US Food and Drug Administration (FDA) has granted a priority review of using Roche Holding AG’s (OTC: RHHBY) Tecentriq to treat certain patients suffering from early-stage non-small cell lung cancer.

On Tuesday, the Swiss pharmaceutical giant said the FDA is expected to decide by Dec. 1 on its supplemental Biologics License Application (sBLA), which seeks approval to use the checkpoint inhibitor as an adjunct therapy in this expanded indication.

Kimberly Redmond | |

Swiss drugmaker Novartis AG will launch a new phase three study to expand the use of Zolgensma — the world’s most expensive medicine — following the US Food and Drug Administration’s (FDA) decision to lift a halt on clinical trials.

On Tuesday, Novartis said it plans to study the use of the gene therapy for for the treatment of spinal muscular atrophy (SMA) in patients between the ages of 2 and 18.

Reuters | |

Lyft Inc on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of the Delta coronavirus variant.

The company reported adjusted earnings before interest, taxes, depreciation and amortization for the first time in its nine-year history, and said it would remain profitable on that basis going forward.

Reuters | |

U.S. biotech Amgen Inc on Tuesday said its second-quarter revenue rose 5%, but recovery from the COVID-19 pandemic, which has limited patient interactions with healthcare providers, is expected to hit sales for the rest of 2021.

The pandemic "has suppressed the volume of new patients starting treatment," the company said in a statement.

Reuters | |

E-commerce giant Inc interfered with a union election by installing a mailbox to collect ballots and by distributing paraphernalia encouraging employees to vote against organizing, according to a report by a U.S. National Labor Relations Board hearing officer.

The NLRB official on Monday recommended a rerun of the landmark Amazon union election in Alabama where employees overwhelmingly voted against making their warehouse the online retailer's first to organize in the United States.