Daily Pulse: Google Self-Driving Car Beats the Rap; Oil, Oil Everywhere; GM's China-Made SUV
Look Officer — No Hands! A Google self-driving car was pulled over for driving too slowly. Apparently this is a first in 1.2 million miles of autonomous driving. The posted speed limit was 35, but out of an abundance of caution Google's autonomous vehicles can't go faster than 25 MPH — which, on most California streets, would be a dream pace. On this occasion, the car was holding up traffic. The car's passenger/operator was let go with a warning. It’s unclear who the officer could have ticketed if he had so chosen.
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Convergence: Fossil bought Misfit, bringing together a traditional watch company and a fitness tracking startup that will further blur the lines between smart watches and, well, watches. The first timepieces incorporating Misfit’s tech are expected next year. Meanwhile, FitBit fell to an all-time low when it reduced the number of shares it intends to make available in a secondary offering from seven to three million.
Cancer Care: AstraZeneca got early FDA approval for Tagrisso, a once-a-day pill for patients with advanced non-small cell lung cancer who, because of a genetic mutation, aren’t responding to existing medication. Approval was accelerated because tests were so promising, the FDA said. Lung cancer is the leading cause of cancer death in the United States.
Oil is the New Bleck: Global oil inventory has reached a record of near 3 billion barrels, the International Energy Agency estimates. Crude fell as much as $3 Friday, extending the week's loss to the largest in eight months.
Imported For Detroit: GM is on track to become the first major US automaker to market a car made in China — the Buick Envision, write John D Stoll and Gautham Nagesh for The Wall Street Journal. Initially, GM expects imports to be small — between 30,00 and 40,000 of the mid-sized SUVs.
Art For Art’s Sake (Not): Collectors spent $2.2 billion on art during New York’s annual two-week auction binge at Christie’s Sotheby’s and Phillips. It is the era of the nine-figure listing — Modigliani’s ‘Reclining Nude’ went for $170.4 million, only the second-highest price for artwork at auction — but The Wall Street Journal’s Kelly Crow asks: “Who will break the $200 million barrier?”
Cover Art: The Aurora Borealis illuminates the night sky near the town of Kirkenes in northern Norway, Nov 12, 2015 (Jonathan Nackstrand/AFP/Getty Images)
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What you may have missed — and really should read:
- "A funny thing happened on the way to the morgue. Far from dead, the PC is evolving."
- Best Western's CEO asks: why is Uber facing stiff headwinds while Airbnb and HomeAway go unscathed?
- Maynard Webb "doesn't do coffee", but he told our own Caroline Fairchildwhy he invested in Philz (which, in this writer's opinion, transcends the mere label of 'coffee' and should be called 'nectar of the gods')
- Four questions about Theranos actually worth discussing
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- If you're not following us on Twitter and Facebook, I'd recommend you change that immediately.
Student at Basaveshwara Engineering college
9 年We can avoid whole lot accidents by this.. Good one
Semi-retired int'l business lawyer, after 10 years in Paris and 22 in Silicon Valley. California Bar member since 1982. Avocat au barreau de Paris de 1990 à 2003.
9 年Way to go, this is the kind of good news that we need more of!
public health nursing, teacher, writer, poultry, animal husbandry, crops, hospitality industry consultant, songwriter, entrepreneur ??
9 年So terrific
Digital Life Changer, Entrepreneur
9 年nice read.. also, thanks for the share Lynne Everatt..