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Gillibrand unveils marijuana legalization plan

Gillibrand unveils marijuana legalization plan

Sen. Kirsten Gillibrand (D-N.Y.) on Wednesday unveiled her plan to legalize marijuana, saying that ending the federal prohibition on the drug would be “a top priority of my presidency.”  Gillibrand said the “unfair” enforcement of federal marijuana laws has had disproportionate impacts on communities of color and prevents medical patients access to the drug to treat chronic pain or other conditions. “These are real injustices that affect millions of Americans and multiple areas of our society, and it’s past time to get to work making them right,” Gillibrand said in a Medium post.
Lowest mortgage rates in a year and a half don’t impress homebuyers

Lowest mortgage rates in a year and a half don’t impress homebuyers

Mortgage rates are falling fast but not enough to offset high home prices. Buyers are still pulling back. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The gains were driven by refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.23% from 4.33% by the end of last week, with points decreasing to 0.33 from 0.42 (including the origination fee) for loans with a 20% down payment.
HTC’s launches Vive Pro Eye in North America at a massive discount

HTC’s launches Vive Pro Eye in North America at a massive discount

HTC today launched its latest and greatest virtual reality headset, the Vive Pro Eye, to the North American market. The new device features Tobii eye-tracking, which gives the headset two keen features: users can navigate menus just by looking at things, and foveated rendering. Navigating menus, selecting items, or even triggering animations by making eye contact with on-screen characters sounds pretty cool, but foveated rendering is a game-changer.
Apple and Google App-Store Dominance Gives DOJ Antitrust Fodder

Apple and Google App-Store Dominance Gives DOJ Antitrust Fodder

The start of broad government antitrust investigations into the U.S. technology industry has revived questions about Apple Inc. and Google’s dominance of app stores and the fees they charge to developers. U.S. enforcement agencies recently split oversight of the largest U.S. tech companies, with the Justice Department focusing on Apple and Alphabet Inc.’s Google, according to people familiar with the matter. The government hasn’t said why it’s grouping Apple and Google under Justice, or how it might apply antitrust law to their businesses. But a lawsuit filed Tuesday underscored growing developer ire over app stores, the vast digital bazaars showcasing millions of games, productivity tools and other software available for download onto handheld devices.
Flooding situation dire at Dardanelle

Flooding situation dire at Dardanelle

Crews were making a “last ditch effort” on Saturday to save low-lying parts of a small Arkansas city from floodwaters pouring through a breached levee, and authorities downstream were warning people to leave a neighborhood that sits across the swollen river from the state capital. Further north in Iowa, a flood barrier along the swollen Mississippi River failed Saturday, flooding four to six blocks of downtown Burlington, a city of about 25,000 people that is 170 miles southeast of Des Moines.
Apple Wipes iTunes Pages on Facebook and Instagram, Begins Moving Away From iTunes Links

Apple Wipes iTunes Pages on Facebook and Instagram, Begins Moving Away From iTunes Links

More evidence has emerged to suggest that Apple is beginning to move away from its iTunes brand after over 18 years of use.  As noted on Reddit, Apple has abruptly removed all social media content from its iTunes page on Facebook, including posts, photos, and videos. This appears to have happened within the past 24 hours, as a cached version of the iTunes page on Facebook still had content available as of May 31.  As far as we can tell, it looks like Apple has migrated its iTunes page to its Apple TV page on Facebook, including not only all of the content but nearly 30 million likes and its original April 29, 2009 creation date. 
Walmart Joins Pharmaceutical-Tracking Blockchain Consortium MediLedger

Walmart Joins Pharmaceutical-Tracking Blockchain Consortium MediLedger

Big-box retail giant Walmart has joined MediLedger, a consortium building a blockchain for tracking the provenance of pharmaceuticals. A spokeswoman for the Bentonville, Arkansas-based company confirmed Walmart’s participation to CoinDesk but had no further comment. The move representsa deepening of Walmart’s involvement with blockchain technology. Separately, the retailer is a key participant in IBM’s Food Trust, a system for tracking fresh produce through the supply chain that’s built on the Hyperledger Fabric platform. 
WeWork Is in Talks for $2.75 Billion Credit Line

WeWork Is in Talks for $2.75 Billion Credit Line

WeWork Cos. is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter. JPMorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment. WeWork, which rents office space and desks to workers around the world, said in April it had filed paperwork confidentially with the U.S. Securities and Exchange Commission for an IPO. It could be the year’s biggest offering after Uber Technologies Inc.\ WeWork’s largest backers include SoftBank Group Corp., which earlier this year decided against taking a controlling stake.
Qualcomm enables ‘XR smart viewer’ augmented reality smartphone apps

Qualcomm enables ‘XR smart viewer’ augmented reality smartphone apps

Qualcomm has unveiled a new Qualcomm Snapdragon XR Smart Viewer reference design that makes it easier for hardware companies to create lightweight augmented reality glasses. Qualcomm made the announcement ahead of the Augmented World Expo (AWE) event in Santa Clara, California. With this design, AR glasses can become smart viewers for AR content that is stored on a smartphone. Inside these glasses, very little to no processing is happening. The lightweight glasses have high-resolution displays, as well as sensors that can track movement, hands, and eyes. But the glasses are connected via a wire to a smartphone or a computing puck. The processing happens in a device that is connected to the glasses, said Hugo Swart, head of XR at Qualcomm, in an interview with GamesBeat.
Bitcoin Breaks $9,000 In Latest Landmark Price Point

Bitcoin Breaks $9,000 In Latest Landmark Price Point

Thursday, May 30 —  in the latest milestone of its renewed bull run, bitcoin (BTC) today broke past $9,000, soaring to its highest price point in over a year. Most of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018. To press time, the top coin is up 1% on the day and is trading at $8,802, according to CoinMarketCap data. In recent days, bitcoin had been comfortably trading in the $8,600-800 range. On the week, the cryptocurrency’s gains have surged to a bullish 14.5%.


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