Today's Top Gadgets & Tech Story

Encryption on Facebook, Google, others threatened by planned new bill

WASHINGTON (Reuters) - U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms. Read More

 

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Elon Musk's SpaceX to raise $250 million, valuing it at $36 billion: CNBC

(Reuters) - Elon Musk's SpaceX is looking to raise about $250 million, taking the private rocket company's valuation to about $36 billion, CNBC reported on Friday, citing people familiar with the financing. More »

 

EBay in discussions with multiple parties for sale of classified business

(Reuters) - EBay Inc is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on Friday. More »

 

Big tech cos pull out of San Francisco conferences on coronavirus concerns

(Reuters) - Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday. More »

 

Lyft buys digital car-top advertising startup Halo Cars

(Reuters) - Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. More »

 

Self-driving car companies complain California test data may mislead

(Reuters) - Developers of self-driving cars are amping up criticism of a California reporting requirement on test data, saying the data could mislead, as the state prepares to release the latest results for 2019. More »

 

Shopify to join Facebook-led Libra currency group

(Reuters) - Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra. More »

 

Global telcos join Alphabet, SoftBank's flying cellphone antenna lobbying effort

TOKYO (Reuters) - Alphabet and SoftBank's attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory approval for the emerging technology. More »

 

Xerox to press ahead despite HP's poison pill plan against takeover offer

(Reuters) - Xerox Holdings Corp said on Friday it would continue to pursue HP Inc, even after the PC maker said it would implement a poison pill plan to shield itself against a takeover offer from the U.S. printer maker. More »

 

Companies in pharmaceutical supply chain develop system to track counterfeit drugs

NEW YORK (Reuters) - Some of the industry's largest pharmaceutical companies, including Pfizer Inc and Eli Lilly and Co , have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the flow of counterfeit medicines, company officials said on Friday. More »

 

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