Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday. American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan. Japanese regulators


Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday. American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan. Japanese regulators
Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff daniels
Keywords: news, cnbc, companies, stage, exports, ends, cattle, longstanding, age, trade, restrictions, products, grow, access, setting, beef, tariffs, japan, million


Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday.

The news comes on the heels of other important trade developments on Friday, including the Trump administration’s plans to delay auto tariffs on the EU and Japan and lift steel tariffs on Canada and Mexico.

In 2005, Japan imposed restrictions on cattle over 30 months old for U.S. beef imports in response to the outbreak of bovine spongiform encephalopathy, sometimes known as mad cow disease.

According to the USDA announcement, Japan agreed to remove that age limit for U.S. beef imports. The new terms, which take effect immediately, allow U.S. products from all cattle, regardless of age, to enter Japan for the first time since 2003, the government said.

“This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious U.S. beef,” Agriculture Secretary Sonny Perdue said in a statement. “We are hopeful that Japan’s decision will help lead other markets around the world toward science-based policies.”

American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports.

The U.S. Meat Export Federation estimates that expanded access without the age restrictions could increase U.S. beef sales to Japan 7% to 10%, or by $150 million to $200 million annually. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan.

On the news, Chicago Mercantile Exchange cattle futures moved higher, reversing some recent weakness. The August feeder cattle contract was up more than 1%, and the August live cattle contract also was slightly higher.

“There are countries and regions where it takes decades to build up to $200 million in beef exports,” said Joe Schuele, a spokesman for USMEF. “And yet in Japan, we’re going to add that business in really a short period of time. So in a way, this is kind of like opening up a whole new medium-sized market.”

Japanese regulators banned imports of U.S. beef and beef products in 2003 in response to mad cow disease being confirmed on a farm in Washington state. In late 2005, Japan agreed to restore partial access to U.S. beef but with age-based restrictions.

The U.S. is Japan’s largest beef supplier in terms of value and ranks second behind Australia in volume. Still, export competition is intensifying as New Zealand, Canada and Australia get reduced Japanese tariffs under the Trans-Pacific Partnership, the 11-nation trade deal the U.S. withdrew from in 2017 under President Donald Trump.

“Tariff rates grab all the headlines, but non-tariff barriers are often just as important, if not more so, when it comes to determining market access,” said National Cattlemen’s Beef Association President Jennifer Houston. “Hopefully, this will help spotlight this important point and lead to more trade victories in the near future.”


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff daniels
Keywords: news, cnbc, companies, stage, exports, ends, cattle, longstanding, age, trade, restrictions, products, grow, access, setting, beef, tariffs, japan, million


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Scotland will prepare for an independence referendum before May 2021

Scotland should hold an independence referendum before the current Scottish parliamentary term ends in May 2021 and will prepare legislation for this to happen, First Minister Nicola Sturgeon said on Wednesday. “A choice between Brexit and a future for Scotland as an independent European nation should be offered in the lifetime of this parliament,” Sturgeon told Holyrood, Scotland’s devolved parliament. Sturgeon is under pressure from her nationalist movement to provide a clear way forward in th


Scotland should hold an independence referendum before the current Scottish parliamentary term ends in May 2021 and will prepare legislation for this to happen, First Minister Nicola Sturgeon said on Wednesday. “A choice between Brexit and a future for Scotland as an independent European nation should be offered in the lifetime of this parliament,” Sturgeon told Holyrood, Scotland’s devolved parliament. Sturgeon is under pressure from her nationalist movement to provide a clear way forward in th
Scotland will prepare for an independence referendum before May 2021 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jeff j mitchell, getty images
Keywords: news, cnbc, companies, sturgeon, vote, united, britain, stage, referendum, brexit, 2021, prepare, scotland, parliament, kingdom, independence


Scotland will prepare for an independence referendum before May 2021

Scotland should hold an independence referendum before the current Scottish parliamentary term ends in May 2021 and will prepare legislation for this to happen, First Minister Nicola Sturgeon said on Wednesday.

“A choice between Brexit and a future for Scotland as an independent European nation should be offered in the lifetime of this parliament,” Sturgeon told Holyrood, Scotland’s devolved parliament.

She said a devolved parliament bill would be drawn up before the end of 2019.

The permission of Britain’s sovereign parliament at this stage was not needed, she said, but would be eventually be necessary “to put beyond doubt or challenge our ability to apply the bill to an independence referendum.”

Sturgeon is under pressure from her nationalist movement to provide a clear way forward in the quest for an independent Scotland.

But Britain is mired in political chaos due to Brexit and it is still unclear whether, when or even if Britain will leave the European Union.

Scotland, part of the United Kingdom for more than 300 years, rejected independence by 10 percentage points in a 2014 referendum.

Differences over Brexit have strained the United Kingdom. Scotland and Northern Ireland voted to stay in the EU in a 2016 referendum, while Wales and England vote to leave.

Those who want to maintain the United Kingdom argue that Brexit has made no difference to how Scots feel, and the secession vote should not be repeated.

But Sturgeon argued that leaving the world’s largest trading bloc endangers Britain and Scotland’s economic well-being.

“We face being forced to the margins, sidelined within a UK that is itself increasingly sidelined on the international stage. Independence by contrast would allow us to protect our place in Europe,” she said.

“We need a more solid foundation on which to build our future as a country.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jeff j mitchell, getty images
Keywords: news, cnbc, companies, sturgeon, vote, united, britain, stage, referendum, brexit, 2021, prepare, scotland, parliament, kingdom, independence


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US-China trade tensions appear to be in a ‘de-escalatory’ stage, says Morgan Stanley

US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday. “Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan


US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday. “Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan
US-China trade tensions appear to be in a ‘de-escalatory’ stage, says Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: huileng tan
Keywords: news, cnbc, companies, strategist, opening, tensions, environment, foreign, uschina, chinese, deescalatory, china, appear, trade, stanley, stage, garner, morgan


US-China trade tensions appear to be in a 'de-escalatory' stage, says Morgan Stanley

US, China are in a ‘de-escalatory’ environment: Morgan Stanley 3:54 AM ET Thu, 28 March 2019 | 02:27

Trade negotiations between the U.S. and China appear to have reached a stage where they look to be “really working line by line on a document,” said a Morgan Stanley strategist on Thursday.

“Prior to (early December,) we had been in a continually escalatory environment, (but) we are now in a de-escalatory environment, hopefully heading to the signature of a document,” said Jonathan Garner, Morgan Stanley’s chief equity strategist for Asia and emerging markets.

The latest round of talks between both countries continued in Beijing on Thursday. After that, both sides are expected to hold meetings in Washington starting April 3. The two largest economies in the world are negotiating a trade deal after a tariff fight that started last year.

It looks like Chinese negotiators are eager to get an agreement fully and tightly drafted before Chinese President Xi Jinping travels to the U.S. to sign it in the months ahead, Garner told CNBC’s “Street Signs.”

Garner’s comments came after Chinese Premier Li Keqiang said at the Boao Forum for Asia that China will widen market access for foreign banking and insurance firms, and expand the opening of the services sector — especially the financial sector — to foreign investors.

Li’s latest comments onBeijing opening up markets to foreign investment signals “concrete action” that the world’s second largest economy is taking to address Washington’s concerns in the ongoing bilateral trade dispute, said Garner.

“Last summer, the approach from China was solely on the bilateral trade deficit. This is all part of a kind of re-energized reform and opening up in China right now,” said Garner.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: huileng tan
Keywords: news, cnbc, companies, strategist, opening, tensions, environment, foreign, uschina, chinese, deescalatory, china, appear, trade, stanley, stage, garner, morgan


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Oprah Winfrey had the best explanation for what the weird Apple TV event was really about

Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage. Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. On top of that, there are hundreds of millions of iPads, Macs and Apple


Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage. Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. On top of that, there are hundreds of millions of iPads, Macs and Apple
Oprah Winfrey had the best explanation for what the weird Apple TV event was really about Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: todd haselton, david paul morris, bloomberg, getty images, source
Keywords: news, cnbc, companies, stage, weird, appeared, tv, winfrey, oprah, billion, amazon, iphones, event, apples, explanation, best, apple, really, yall, services


Oprah Winfrey had the best explanation for what the weird Apple TV event was really about

Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Apple provided little detail on how many of those services would work.

It didn’t announce pricing for Apple TV+, perhaps the biggest news of the day, and trotted celebrities on stage to talk about new movies and TV shows instead of showing trailers or revealing a sprawling library capable of challenging Amazon and Netflix. Wall Street wasn’t impressed. It was, plainly put, a weird event that was short on details.

But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage.

“The Apple platform allows me to do what I do in a whole new way,” she said, sounding a bit like everyone who had appeared before her.

But then she said this:

“They’re in a billion pockets, ya’ll. A billion pockets.”

Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. Apple no longer reports individual unit sales of its hardware products each quarter but said in January that there are now more than 900 million iPhones in use around the world.

On top of that, there are hundreds of millions of iPads, Macs and Apple TVs in use today. Plus, Apple’s TV services will be available on third-party devices like Roku and Amazon Fire TV.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: todd haselton, david paul morris, bloomberg, getty images, source
Keywords: news, cnbc, companies, stage, weird, appeared, tv, winfrey, oprah, billion, amazon, iphones, event, apples, explanation, best, apple, really, yall, services


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Oprah Winfrey had the best explanation for what the weird Apple TV event was really about

Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage. Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. On top of that, there are hundreds of millions of iPads, Macs and Apple


Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage. Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. On top of that, there are hundreds of millions of iPads, Macs and Apple
Oprah Winfrey had the best explanation for what the weird Apple TV event was really about Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: todd haselton, david paul morris, bloomberg, getty images, source
Keywords: news, cnbc, companies, stage, weird, appeared, tv, winfrey, oprah, billion, amazon, iphones, event, apples, explanation, best, apple, really, yall, services


Oprah Winfrey had the best explanation for what the weird Apple TV event was really about

Apple talked a lot on stage on Monday about its new services, including Apple News+, Apple TV+, a credit card it’s launching with Goldman Sachs and an all-you-can-eat gaming subscription named Arcade. But Apple provided little detail on how many of those services would work.

It didn’t announce pricing for Apple TV+, perhaps the biggest news of the day, and trotted celebrities on stage to talk about new movies and TV shows instead of showing trailers or revealing a sprawling library capable of challenging Amazon and Netflix. Wall Street wasn’t impressed. It was, plainly put, a weird event that was short on details.

But Oprah Winfrey had the best take on why all of this matters when she appeared on Apple’s stage.

“The Apple platform allows me to do what I do in a whole new way,” she said, sounding a bit like everyone who had appeared before her.

But then she said this:

“They’re in a billion pockets, ya’ll. A billion pockets.”

Oprah was referring to the number of iPhones being used around the world where Apple’s premium services will come pre-installed. Apple no longer reports individual unit sales of its hardware products each quarter but said in January that there are now more than 900 million iPhones in use around the world.

On top of that, there are hundreds of millions of iPads, Macs and Apple TVs in use today. Plus, Apple’s TV services will be available on third-party devices like Roku and Amazon Fire TV.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: todd haselton, david paul morris, bloomberg, getty images, source
Keywords: news, cnbc, companies, stage, weird, appeared, tv, winfrey, oprah, billion, amazon, iphones, event, apples, explanation, best, apple, really, yall, services


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JP Morgan: Don’t panic about profit margins

For investors worried about rising costs biting into corporate margins, J.P. Morgan said don’t worry. Margins are looking stretched with headline EPS margins moving up consecutively over the last few years, making investors believe they can only go lower from here. Adding to the concerns is the late stage of the economic cycle and the increasing pressure from higher costs. Although lower margins are on the horizon, the impact will be limited and it will create buying opportunities, according to


For investors worried about rising costs biting into corporate margins, J.P. Morgan said don’t worry. Margins are looking stretched with headline EPS margins moving up consecutively over the last few years, making investors believe they can only go lower from here. Adding to the concerns is the late stage of the economic cycle and the increasing pressure from higher costs. Although lower margins are on the horizon, the impact will be limited and it will create buying opportunities, according to
JP Morgan: Don’t panic about profit margins Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, stage, worrymargins, strategist, profit, margins, worried, morgan, panic, jp, lower, stretched, investors, dont, costs


JP Morgan: Don't panic about profit margins

For investors worried about rising costs biting into corporate margins, J.P. Morgan said don’t worry.

Margins are looking stretched with headline EPS margins moving up consecutively over the last few years, making investors believe they can only go lower from here. Adding to the concerns is the late stage of the economic cycle and the increasing pressure from higher costs. Although lower margins are on the horizon, the impact will be limited and it will create buying opportunities, according to J.P. Morgan’s equity strategist Mislav Matejka.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, stage, worrymargins, strategist, profit, margins, worried, morgan, panic, jp, lower, stretched, investors, dont, costs


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Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst report

Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build out its massive battery and car plant in Shanghai, according to research from JL Warren Capital. We’ve got import duties, we’ve got transport costs, we’ve got higher costs of labor here.” Musk said in the fourth-quarter earnings call that Tesla would need “something in the order of $0.5 billion in CapEx to get to the 3,000 vehicle rate in Shanghai.” JL Warren said the first stage of financing will likely


Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build out its massive battery and car plant in Shanghai, according to research from JL Warren Capital. We’ve got import duties, we’ve got transport costs, we’ve got higher costs of labor here.” Musk said in the fourth-quarter earnings call that Tesla would need “something in the order of $0.5 billion in CapEx to get to the 3,000 vehicle rate in Shanghai.” JL Warren said the first stage of financing will likely
Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lora kolodny, source, shanghai municipal peoples government, eunice yoon
Keywords: news, cnbc, companies, billion, stage, weve, rate, lining, tesla, china, bank, shanghai, gigafactory, analyst, chinese, warren, loans, report


Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst report

Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build out its massive battery and car plant in Shanghai, according to research from JL Warren Capital.

JL Warren, a New York-based investment research firm that focuses on Chinese companies, as well as U.S. firms with significant exposure in China, wrote in a report last week that it expects backers of the Shanghai Gigafactory to include Shanghai Pudong Development Bank, Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China.

China represents a critical growth market for Tesla, and CEO Elon Musk talked up the company’s plans there on its latest earnings call in January.

“We need to bring the Shanghai factory online,” Musk said. “I think that’s the biggest variable for getting to 500,000-plus a year. Our car is just very expensive going into China. We’ve got import duties, we’ve got transport costs, we’ve got higher costs of labor here.”

According to JL Warren, which also tracks Chinese companies listed in the U.S., about $500 million (3.3 billion RMB) of Tesla’s new financing should apply to the first stage of the Shanghai Gigafactory build, with the total project loan amounting to about $2 billion.

Musk said in the fourth-quarter earnings call that Tesla would need “something in the order of $0.5 billion in CapEx to get to the 3,000 vehicle rate in Shanghai.”

JL Warren said the first stage of financing will likely have a 3.9 percent interest rate, below the People’s Bank of China benchmark rate of 4.35 percent. That should help Tesla get its assembly line running to produce its initial 250,000 lower-end Model 3 electric sedans.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lora kolodny, source, shanghai municipal peoples government, eunice yoon
Keywords: news, cnbc, companies, billion, stage, weve, rate, lining, tesla, china, bank, shanghai, gigafactory, analyst, chinese, warren, loans, report


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Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX

Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of


Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of
Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: michael sheetz
Keywords: news, cnbc, companies, help, explains, spacex, rocket, jeff, shepard, test, things, origin, bezos, stage, blue, rockets, tourists, glenn, space


Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX

At an aerospace luncheon in New York City on Wednesday, Amazon founder Jeff Bezos gave several key insights into his passion project Blue Origin, rather than his day job.

Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper.

“The strategic objective of New Shepard is to practice,” Bezos reportedly said. “A lot of the subcomponents of New Shepard actually get directly reused on the second stage of New Glenn.”

The two rockets are at very different stages of development. New Shepard has launched 10 times, going past an altitude of 350,000 feet and coming back to land on its most recent test flight from the company’s facility in West Texas. The rocket’s capsule spends about 10 minutes floating in zero gravity, before following the rocket’s booster back down to land, to be launched again. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of the Earth once in space.

New Glenn, on the other hand, is a massive rocket designed to launch large spacecraft, such as heavy telecommunications and internet satellites. Once operational, New Glenn would compete with SpaceX’s Falcon Heavy for missions, as well as national security contracts. Blue Origin has yet to fly New Glenn, with the first launch expected in 2021. But Bezos said his company is learning a lot from the smaller rocket’s test flights.

“All of those systems will get a tremendous amount of practice with that suborbital mission and will be carried over directly to the upper stage [of New Glenn],” Bezos said. “The lessons learned on things like landings and operability and reusability, all those things from the New Shepard program, those also get incorporated into the New Glenn booster.”


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: michael sheetz
Keywords: news, cnbc, companies, help, explains, spacex, rocket, jeff, shepard, test, things, origin, bezos, stage, blue, rockets, tourists, glenn, space


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Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX

Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of


Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of
Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: michael sheetz
Keywords: news, cnbc, companies, help, explains, spacex, rocket, jeff, shepard, test, things, origin, bezos, stage, blue, rockets, tourists, glenn, space


Jeff Bezos explains how his rocket for space tourists will help Blue Origin take on SpaceX

At an aerospace luncheon in New York City on Wednesday, Amazon founder Jeff Bezos gave several key insights into his passion project Blue Origin, rather than his day job.

Bezos explained how the space company is learning from test flights of rocket New Shepard, which he expects will begin flying passengers on short trips into space this year. According to industry publication Space News, Bezos said at the event that the lessons from New Shepard are informing Blue Origin’s development of its New Glenn rocket – a behemoth the size of a 29-story skyscraper.

“The strategic objective of New Shepard is to practice,” Bezos reportedly said. “A lot of the subcomponents of New Shepard actually get directly reused on the second stage of New Glenn.”

The two rockets are at very different stages of development. New Shepard has launched 10 times, going past an altitude of 350,000 feet and coming back to land on its most recent test flight from the company’s facility in West Texas. The rocket’s capsule spends about 10 minutes floating in zero gravity, before following the rocket’s booster back down to land, to be launched again. New Shepard would fly space tourists, as the capsule features massive windows that provide expansive views of the Earth once in space.

New Glenn, on the other hand, is a massive rocket designed to launch large spacecraft, such as heavy telecommunications and internet satellites. Once operational, New Glenn would compete with SpaceX’s Falcon Heavy for missions, as well as national security contracts. Blue Origin has yet to fly New Glenn, with the first launch expected in 2021. But Bezos said his company is learning a lot from the smaller rocket’s test flights.

“All of those systems will get a tremendous amount of practice with that suborbital mission and will be carried over directly to the upper stage [of New Glenn],” Bezos said. “The lessons learned on things like landings and operability and reusability, all those things from the New Shepard program, those also get incorporated into the New Glenn booster.”


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: michael sheetz
Keywords: news, cnbc, companies, help, explains, spacex, rocket, jeff, shepard, test, things, origin, bezos, stage, blue, rockets, tourists, glenn, space


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Plunge in crypto sets stage for Facebook and other tech giants to hire blockchain experts

The social media giant recently scooped up employees from start-up Chainspace, according to a report by Cheddar. Two of these founders are now listed as Facebook employees on LinkedIn. In a note to clients last week, RBC internet analyst Zachary Schwartzman highlighted blockchain as a threat to Facebook and other major tech companies. Facebook is on a growing list of tech companies testing out the blockchain space, with former PayPal executive David Marcus leading its charge. “It will take some


The social media giant recently scooped up employees from start-up Chainspace, according to a report by Cheddar. Two of these founders are now listed as Facebook employees on LinkedIn. In a note to clients last week, RBC internet analyst Zachary Schwartzman highlighted blockchain as a threat to Facebook and other major tech companies. Facebook is on a growing list of tech companies testing out the blockchain space, with former PayPal executive David Marcus leading its charge. “It will take some
Plunge in crypto sets stage for Facebook and other tech giants to hire blockchain experts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: kate rooney, lars hagbarg, afp, getty images
Keywords: news, cnbc, companies, crypto, facebooks, tech, plunge, hire, employees, facebook, experts, sets, giants, stage, blockchain, companies, startup, internet, according, schwartzman


Plunge in crypto sets stage for Facebook and other tech giants to hire blockchain experts

The drop in cryptocurrency prices is meaning job losses for some, but it may carve out an ideal hiring opportunity for tech giants.

Some blockchain start-ups, regardless of having talented teams of engineers, haven’t been able to prove a use case and are struggling to fund operations as the price of cryptocurrencies nosedives. Employees are slowly becoming free agents, which is good news for companies like Facebook.

The social media giant recently scooped up employees from start-up Chainspace, according to a report by Cheddar. Facebook confirmed to CNBC that it had hired a handful of employees but said it did not buy the company or its technology.

Chainspace is a crypto startup founded by PhD researchers from University College of London. Two of these founders are now listed as Facebook employees on LinkedIn. According to its website, the start-up is focused on “giving people ownership of their personal data” through a project called “DECODE.”

In a note to clients last week, RBC internet analyst Zachary Schwartzman highlighted blockchain as a threat to Facebook and other major tech companies. The Internet is still at the “embryonic stages of a potential massive paradigm shift” to computing on public blockchains, according to Schwartzman. That shift “could be a long term risk to Facebook’s underlying business model,” he said.

Schwartzman categorized Facebook’s move as an “acqui-hire” — a popular Silicon Valley term for when a company acquires a company only to recruit its employees.

“On the surface, it may appear that Facebook purposefully hired the technical team related to DECODE. But we don’t believe this was the case,” Schwartzman said. “Our view is that this was simply an acqui-hire to expand Facebook’s internal crypto team’s expertise.”

Facebook is on a growing list of tech companies testing out the blockchain space, with former PayPal executive David Marcus leading its charge. Amazon, IBM, Microsoft and J. P. Morgan are among others looking at use cases for the technology, which supporters call more transparent and more secure than existing data systems.

But like the internet, the best way to monetize it might not be obvious immediately. “Acqui-hiring” gives tech giants a way to quickly get blockchain experts that are already working together to find that use case, according to Satya Bajpai, head of blockchain and Digital Assets Investment Banking at JMP Securities.

“It will take some time,” said Bajpai, who advises blockchain companies on early stage M&A. “But as the technology matures and becomes more relevant to more customers, you’ll see a snowball effect with more public deals and partnerships.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: kate rooney, lars hagbarg, afp, getty images
Keywords: news, cnbc, companies, crypto, facebooks, tech, plunge, hire, employees, facebook, experts, sets, giants, stage, blockchain, companies, startup, internet, according, schwartzman


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