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Jony Ive, iPhone designer, announces Apple departure

Jony Ive, iPhone designer, announces Apple departure

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service.  Jony Ive is leaving Apple after more than two decades in which his iconic designs for the Mac, iPod and iPhone turned one of Silicon Valley’s faded giants into the world’s most valuable company and defined a generation of consumer products.  Sir Jonathan is setting up his own new venture, a creative business called LoveFrom, with Apple as its first client.
Bipartisan Senators Introduce Marijuana And CBD Research Bill

Bipartisan Senators Introduce Marijuana And CBD Research Bill

A bipartisan group of lawmakers introduced a bill on Thursday that’s meant to promote federally authorized research into marijuana and its derivatives like CBD. It was one of several pieces of new congressional cannabis legislation to be filed on the same day. Sens. Dianne Feinstein (D-CA), Brian Schatz (D-HI) and Chuck Grassley (R-IA) are leading the bill, which would streamline the application process for researchers interested in studying the plant, encourage the development of Food and Drug Administration (FDA)-approved drugs derived from marijuana and clarify that doctors can discuss the benefits of cannabis with patients.
New Joint Center housing report foresees steady rental demand over the next decade

New Joint Center housing report foresees steady rental demand over the next decade

As the nation’s economy continues to improve, the number of Americans forming households in the U.S. has recovered to a more normal pace. Ironically, the multifamily engine that helped sustain the housing market under bleaker economic conditions has been sputtering a bit as things have gotten better. That assessment comes from The State of the Nation’s Housing 2019, the annual tracking of the nation’s housing pulse conducted by the Harvard Joint Center for Housing Studies. As has been the case in past reports, this year’s survey found persistent disparities in supply and demand, especially in affordable housing stock. Home values varied widely, too: they were more than five times greater than incomes in roughly one in seven metro areas (primarily on the West Coast), compared with less than three times in about one in three metros (primarily in the Midwest and South).
China's DJI plans to build drones in California amid U.S. security concern

China's DJI plans to build drones in California amid U.S. security concern

WASHINGTON (Reuters) - Chinese manufacturer SZ DJI Technology Co Ltd, the world’s largest producer of consumer drones, said on Monday it plans to use a company warehouse in California to assemble them, a move that follows security concerns raised by some U.S. lawmakers. DJI said it will assemble its Mavic 2 Enterprise Dual drones in Cerritos, California, after the U.S. Customs and Border Protection determines that the U.S. produced value of its drones will qualify under the U.S. Trade Agreements Act. That designation should make it easier for some U.S. government agencies to buy the drones, the company said
Apple reportedly owes Samsung $170M+ in penalties for selling too few iPhones

Apple reportedly owes Samsung $170M+ in penalties for selling too few iPhones

Apple reportedly owes Samsung ‘hundreds of billions of won’ for selling too few iPhones … ZDNet explains: According to ETNews, an outlet with a good track record when it comes to insider Apple news, Apple reportedly may owe Samsung Display “hundreds of billions of won” in penalties for not buying OLED displays at the agreed level […] The penalty goes back to Apple’s insistence that Samsung Display build a facility to exclusively manufacture OLED displays for the iPhone. Apple had told Samsung Display it would need 100 million OLED iPhone displays a year. But a slump in iPhone sales had a knock-on effect for Samsung Display, which saw its operating profits halve in a year, falling from 5.7 trillion won in 2017 to 2.62 trillion won in 2018.
Home prices flatlined in April, Case-Shiller says

Home prices flatlined in April, Case-Shiller says

The numbers: The S&P CoreLogic Case-Shiller 20-city index was unchanged in April compared to March on a seasonally adjusted basis, and was 2.5% higher compared to a year ago. That was the 13th straight month in which annual growth slowed, and the lowest pace of annual price gains since August 2012. What happened: Home prices continue to rise, but at a much slower pace. The cities with the strongest annual gains are still those in warm climates which were among the areas hardest-hit by the housing crisis: Las Vegas, Tampa, and Phoenix. But their rates of price growth are hardly the double-digit gains enjoyed by Seattle, San Francisco, and others not that long ago.
IOS 13 HANDS-ON: DARK MODE, APPLE MAPS, REMINDERS, AND MORE

IOS 13 HANDS-ON: DARK MODE, APPLE MAPS, REMINDERS, AND MORE

Apple’s iOS 13 is here — or rather, the public beta for iOS 13 has arrived, giving the masses their first chance to take Apple’s latest operating system for a spin. This year, Apple is splitting off its mobile software into two parts: iOS, for the iPhone (and the iPod touch if you still have one), and a new version called iPadOS, for the iPad, which you can check out first impressions of here. Now, anyone can install this beta starting today, but if you don’t want to risk your phone, here are some first impressions of all the top new features. Dark mode! It’s here! It makes things dark! Or rather, it makes the overall OS and Apple’s preinstalled apps dark since third-party apps aren’t getting updated yet with the new Dark Mode API that will let them flip, too. In addition to apps getting proper black backgrounds (which should help OLED battery life a bit, at least in theory), the dark theme applies to the glass textures for the dock and notifications, too.
FDA Begins Evaluating Cannabis Scientifically

FDA Begins Evaluating Cannabis Scientifically

The Food and Drug Administration says it knows there’s demand for cannabis products, but says it's taking a “science-based” approach to determine their safety and efficacy as it considers how to handle their legality. The FDA recently opened a public docket on cannabis and cannabis-infused products and held its first-ever hearings as it starts the process of figuring out if, and what, it will regulate in the cannabis space. In a message posted on the FDA website, the agency signaled an open-mindedness to the potentially beneficial effects of cannabis and cannabis-derived substances. Cannabidiol, or CBD, is the principal ingredient in one FDA-approved drug, seizure drug Epidiolex, already. But the agency urged the public to understand its interest in analyzing evidence.
Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

Eldorado Resorts has agreed to buy Caesars Entertainment for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts. The deal comes more than three months after Caesars agreed to give billionaire investor Carl Icahn three board seats to his representatives and a say on the selection of its next chief executive officer. Icahn, who has been pressing for a sale of Caesars, held a 14.75% stake in the company as of March 31, according to data from Refinitiv Eikon. Reuters, citing people familiar with the matter, reported on Sunday that Eldorado had clinched a deal with Caesars. Eldorado’s offer of $13.01 per share represents a premium of about 30% to Caesar’s closing price on Friday. Shares of Caesars were up about 15% before the opening bell, while Eldorado was down about 5%. Caesars, which emerged from bankruptcy in 2017, operates casinos with the Harrah’s and Horseshoe brands.
Beats fills chief marketing officer vacancy with former Electronic Arts VP

Beats fills chief marketing officer vacancy with former Electronic Arts VP

After a few notable marketing leadership departures, Beats has announced its new CMO pick: Chris Thorne. The new top marketer at Beats joins the Apple-owned headphones company with experience from EA, The Honest Company, and Forward. The company highlights that the new CMO joins after the major launch of its new Powerbeats Pro wireless earphones. Beats says Thorne, who reports directly to Beats President Luke Wood, will start in his new role at the company immediately. Since 2017, Chris Thorne lead growth for a firm called Forward that connects doctors with advanced medical technology to improve patient healthcare. He spent two years prior at Jessica Alba’s The Honest Company after five years at Electronic Arts.
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