Apple reportedly showed off its mixed reality headset to board of directors

An augmented reality feature shows the finished Apple Park at the Apple Park Visitor Center on November 17, 2017 in Cupertino, California. Amy Osborne | AFP | Getty Images Apple’s board of directors previewed its mixed-reality headset last week, according to Bloomberg, suggesting that Apple’s next major new product category could launch soon. For Apple, the launch of a exciting new product category could open up new markets and potentially re-create the world-changing 2007 introduction of the iPhone. But if its headset is poorly received, it could renew concerns about…

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‘A dereliction of duty:’ U.S. lawmakers grill FDA commissioner over baby formula shortage 

Robert Califf testifies during the Senate Health, Education, Labor and Pensions Committee hearing on the nomination to be commissioner of the Food and Drug Administration on Tuesday, Dec. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images U.S. lawmakers on Thursday grilled Food and Drug Administration Commissioner Dr. Robert Califf about a nationwide baby formula shortage that’s left parents across America scrambling to feed their children, calling the agency’s response a “dereliction of duty.”  “The shortage was caused in large part by the lack of action by the…

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House Democrats push for state and local taxes relief in appropriations bill

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Despite roadblocks, five House Democrats are still fighting for relief on the $10,000 limit on the federal deduction for state and local taxes, known as SALT.  Rep. Mikie Sherrill, D-N.J., sent a letter to leaders of the House Appropriations Subcommittee on Financial Services and General Government, urging colleagues to deny the IRS funds to block state-level SALT cap workarounds.…

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There’s more crypto destruction to come: Blockchain.com CEO

For cryptocurrency investors who experienced their first bout of crypto panic in recent weeks — witnessing not only big bitcoin declines but the crash in stablecoins and the collapse of Luna, Terra and Terraform Labs founder Do Kwon — get used to it, according to Blockchain.com CEO Peter Smith. More pain is coming, Smith says, more risk will be exposed, but ultimately, it’s a good thing for the decentralized economy. For the crypto investor, he says the lesson of the past few weeks should be back to the crypto equivalent…

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New bipartisan bill would force Google to break up its ad business

U.S. Senator Mike Lee (R-UT) speaks during the U.S. Supreme Court nominee Judge Amy Coney Barrett’s confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, D.C., October 13, 2020. Demetrius Freeman | Pool | Reuters A new bipartisan proposal takes aim at Google and would force it to break up its digital advertising business if passed. The Competition and Transparency in Digital Advertising Act was introduced Thursday by a group of key Senators on the Judiciary subcommittee on antitrust: the ranking member and chair, Sens. Mike Lee,…

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Boeing is trying again to launch its Starliner capsule to the space station — here’s what’s at stake

A United Launch Alliance Atlas V rocket with Boeing’s Starliner spacecraft aboard is seen as it is rolled out to the launchpad for the OFT-2 mission scheduled to lift off on May 19, 2022. Joel Kowsky | NASA Boeing is set to make another attempt to reach the International Space Station with its Starliner capsule Thursday, nearly two and a half years after the company’s first mission fell short. Boeing has been developing its Starliner spacecraft under NASA’s Commercial Crew program, having won nearly $5 billion in contracts to build…

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Gas prices just hit a new record high. Here are a few ways to cut down the cost

As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. Last year at this time, the price was $3.04 per gallon. Soaring prices for crude oil are largely to blame, the automotive group said. “The high cost of oil, the key ingredient in gasoline, is driving these high…

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