BlackRock is partnering with Coinbase to provide its institutional clients access to trade and manage Bitcoin. Coinbase will provide crypto trading, custody, prime brokerage, and reporting capabilities to BlackRock-owned investment management platform Aladdin's institutional clients through Coinbase Prime. More: - Coinbase Prime is a new platform from Coinbase built specifically for institutional investors.
- According to Coinbase, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, and staking infrastructure, data, and reporting that supports the entire transaction lifecycle.
- Following news of the partnership, Coinbase shares jumped more than 20%.
- It closed at $88.90 on Thursday, up 10% for the day.
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Alibaba announced its Q1 2022 earnings, reporting $30.7B (205.5B yuan) in revenue. Revenue growth remained flat YoY, while beating analysts’ forecasts of $30.09B (203.1B yuan). Earnings per American Depositary Share were down 29% YoY to $1.75 (11.73 yuan), beating estimates of $1.54 (10.39 yuan). More: - The company’s growth has flatlined for the first time in its history.
- Revenue from the Chinese commerce segment dropped 1% YoY to $21.1B (141.9B yuan) due to COVID-19 lockdowns there.
- Revenue from the cloud computing division totaled $2.6B (17.68B yuan), up 10% YoY.
- Alibaba’s net income was $3.37B (22.73B yuan).
- While the figure was higher than analysts’ forecasts of $2.77B (18.72B yuan), it was down 50% from a year earlier.
- Analysts expect Alibaba’s revenue to grow 7% in the next quarter, followed by 10% in the quarter ending Dec. 2022.
- The company faces the possibility of being delisted in the U.S. following a spat with the SEC over access to audit records.
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 A message from VANTA The fastest way for organizations to become compliant is with the help of automated security platforms. Researching and committing to an automated security platforms can be tricky — where do you start and what do you need? Vanta’s 5 Must-Haves in an Automated Security Platform guide dives into the five features organizations should look for in an automated platform. The guide will also cover, how the features can accelerate the compliance process and why investing in the right compliance platform now can enhance your security in the future. Download the guide today
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A consortium led by private equity firm Apollo Global Management Inc. is set to acquire Atlas Air. The all-cash deal is worth $3.2B and gives Atlas Air an enterprise valuation of $5.2B. At $102.50 per share, Apollo’s offer represents a 57% premium over the 30-day volume-weighted average trading price as of July 29. More: - The consortium includes affiliates J.F.Lehman & Co. and Hill City Capital.
- Atlas Air will become a privately held company upon the completion of the transaction, which is expected to close between Q4 2022 and Q1 2023.
- Current CEO John Dietrich will continue leading the business after the deal closes.
- Notable Atlas Air customers include Boeing, FedEx, MotoGP, and Amazon.
- As a result of the agreement with Amazon in 2016, Atlas Air was able to provide the e-commerce giant with warrants to purchase shares.
- Apollo intends to drive Atlas Air’s expansion into charter and aircraft leasing.
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Intel and Italy are close to reaching an agreement to establish a new advanced semiconductor packaging and assembly factory, per sources close to Reuters. The project, expected to have an initial outlay of $5B, is part of Intel’s wider ambition of investing up to $88B to establish semiconductor plants across Europe. More: - The deal is expected to close by the end of August, ahead of the Italian snap election scheduled to be held on Sept. 25.
- The factory may be located in the northern regions of Piedmont or Veneto.
- Intel announced its European investment plan this past March.
- The initial plan includes investing ~$17.4B (€17B) to set up a semiconductor plant in Germany, an R&D hub in France, and manufacturing services in Ireland, Italy, Poland, and Spain.
- The Italian government plans to invest $4.6B (€4.5B) in new semiconductor facilities until 2030.
- According to a previous Reuters report, the Italian government was willing to cover 40% of the project costs for the new Intel facility.
Zoom out: - NextGenerationEU, Horizon Europe, and national budgets had already earmarked funds for semiconductor facilities totaling $30.7B (€30B).
- The European Commission will also make up to $15.4B (€15B) available in public and private investment by 2030.
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 A message from WIND RIVER Can the VxWorks real-time operating system fill your embedded system needs? A real-time operating system (RTOS) is an operating system with two key features: predictability and determinism. In an RTOS, repeated tasks are performed within a tight time boundary, while in a general-purpose operating system, this is not necessarily so. Predictability and determinism, in this case, go hand in hand: We know how long a task will take, and that it will always produce the same result. - Determinism: Repeating an input will result in the same output.
- High performance: RTOS systems are fast and responsive, often executing actions within a small fraction of the time needed by a general OS.
- Safety and security: As RTOSes are frequently used in critical systems, such as robotics or flight controllers, they must have higher security standards and more reliable safety features.
- Priority-based scheduling: Actions are scheduled according to their assigned priority; the most important tasks come first.
- Small footprint: Versus their hefty general OS counterparts, RTOSes weigh in at just a fraction of the size: Windows 10, with post-install updates, takes up approximately 20 GB. VxWorks, on the other hand, is measured in the low single-digit megabytes.
In this webinar, we'll go through some of the features of real-time operating systems that can revolutionize your embedded development process, and make sure that an RTOS is the right solution for your use-case. Watch Now
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Amgen has agreed to buy biotech company ChemoCentryx for $3.7B. Amgen is paying $52 a share for ChemoCentryx, more than twice the latter’s closing price of $24.11 on Wednesday. The deal is expected to close in Q4, pending regulatory and shareholder approval. More: - ChemoCentryx was founded in 1996 and develops therapies for various diseases.
- Last year, ChemoCentryx won its first drug approval with Tavneos, a treatment for a group of rare diseases that harm small blood vessels.
- ChemoCentryx sells Tavneos for $14,450 for a 30-day supply or about $175,800 a year.
- Tavneos generated $5.4M in sales in the U.S.
- ChemoCentryx is projected to earn $59M in sales this year and $164.35M in 2023 from Tavneos.
- The company has other medications in early development for other diseases like cancer and ulcerative colitis.
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Dish Network launched a customer sign-up website on Thursday for its planned new nationwide wireless service, Boost Infinite. The new site allows potential subscribers to register for more information regarding the new service. Dish has been transitioning from a satellite TV provider to a 5G wireless company since it bought prepaid mobile service Boost from T-Mobile in 2020. More: - Dish’s new mobile service would be the fourth national wireless carrier alongside Verizon, AT&T, and T-Mobile.
- Dish launched a beta version of the service in May in Las Vegas called Project Genesis.
- It offered customers unlimited calls, text, and data for $30 a month.
- Dish referred to it as the nation’s first cloud-based 5G wireless network.
- Dish has launched its 5G service in more than 120 cities, including Las Vegas and Albuquerque.
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- Walmart is laying off about 200 of its corporate staff as part of a restructuring effort. Departments being affected include merchandising, global technology, and real estate.
- Britain's central bank increased its benchmark rate by 0.5% on Thursday to 1.75% as it tries to tackle rising inflation in the region. The hike is the largest in 27 years.
- The Biden administration declared the monkeypox outbreak a public health emergency in the U.S. There have been over 6,000 confirmed monkeypox cases in the U.S. in the last two months, more than any country in the world.
- Unemployment claims in the U.S. rose to 260,000 for the week ended July 30, showing a gain of 6,000 from the prior week.
- China's Evergrande has canceled its deal with the city of Guangzhou to build a football stadium in the city. The indebted developer is expected to receive an $818M refund from the canceled contract.
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 |  | Vanessa Omeokachie is a Researcher at Inside. Her interests include finance, tech, and startups. In her free time, she enjoys reading, hiking, attending music festivals, and traveling. Connect with her on Twitter @VanessaOmeo or through email at vanessa@inside.com |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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For nearly 35 years, VxWorks has been used to ensure the security, safety, and reliability you need to design and build mission-critical embedded systems that simply must work.
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