In this issue

Facebook is putting a hold on the development of a kids’ version of Instagram, geared toward children under 13, to address concerns that have been raised about the vulnerability of younger users. The announcement follows an investigative series by The Wall Street Journal which reported that Facebook was aware that the use of Instagram by some teenage girls led to mental health issues and anxiety.

US, EU AGREE TO FURTHER TRADE AND TECHNOLOGY TALKS

The United States and the European Union agreed Wednesday to carry on the work of 10 expert-level panels to explore and recommend solutions to a variety of trade disputes and challenges.

3 mins

MERCK SPENDS $11.5B FOR ACCELERON, POSSIBLE BLOCKBUSTER DRUG

Merck will spend about $11.5 billion to buy Acceleron Pharma and its potential treatment for high blood pressure in vessels that connect the lungs and heart.

2 mins

US SLIGHTLY REVISES UP ITS GDP ESTIMATE FOR Q2 TO 6.7%

The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant.

4 mins

SURGING NATURAL GAS PRICES: THREAT TO CONSUMERS THIS WINTER?

Brace for a rude surprise on your winter heating bills.

5 mins

AT&T TO REQUIRE VACCINES FOR 90,000 OF ITS UNION WORKERS

AT&T has become one of the largest employers in the U.S. to mandate vaccines for a significant number of frontline workers.

1 min

BAN ON SINGLE-USE PLASTIC BAGS GOES INTO EFFECT ON FRIDAY

A ban on single-use plastic bags that was originally scheduled to begin on the first of this year will go into effect Friday across Washington state.

1 min

AMAZON UNVEILS ‘JETSONS'-LIKE ROAMING ROBOT FOR THE HOME

Amazon’s new robot can hear, see and follow you around the home, but its no Rosey the Robot.

1 min

EARTH-MONITORING LANDSAT 9 LAUNCHES IN CALIFORNIA SATELLITE

The latest in a series of U.S. satellites that has recorded human and natural impacts on Earth’s surface for decades was launched into orbit from California on Monday to ensure continued observations in the era of climate change.

2 mins

UK PERMITS DEVELOPMENT OF GENE-EDITED CROPS IN LIMATE FIGHT

Britain’s government plans to allow researchers to use gene-editing techniques to develop crops that can increase yields, reduce the need for pesticides, and cut greenhouse gas emissions as the U.K.’s exit from the European Union allows it to deviate from the bloc’s rules.

1 min

CHINA SAYS ALL CRYPTO TRANSACTIONS ILLEGAL; BITCOIN TUMBLES

China’s central bank declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.

2 mins

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