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Apple’s capitulation to China undermines Obama’s tough talk on snooping

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6 hours ago

A big bid on biologic medicines.

  Pharma giant Johnson & Johnson is planning to acquire Pharmacyclics, which makes biopharmaceutical cancer drugs, according to the Financial Times (paywall). The deal, likely worth more than Pharmacyclics’ market cap of $17.5 billion, adds to what we’ve argued is an overheated market in biotech.
8 hours ago

Barack Obama’s Keystone XL veto stands.

  The controversial oil pipeline—meant to transport tar sands oil from Canada to refineries in Texas—was passed by both chambers of Congress, but the president vetoed it. Proponents of the plan in the Senate tried to override that veto, but they were short five votes of the required two-thirds majority.
March 04, 2015

Darren Wilson will not face federal charges.

  A US Justice Department investigation found no reason to discredit the claim that Wilson—the police officer whose shooting of 18-year-old Michael Brown in Ferguson, Missouri, caused months of nationwide protests—felt unsafe, nor any basis for civil rights charges. The report noted, however, that racism is a systemic problem in the city.
March 04, 2015

The US has too much oil.

  US oil futures dipped below $50 a barrel after the government reported that its inventory levels rose by 10.3 million barrels, three times the increase analysts predicted. Signs of an imminent nuclear deal with Iran have also raised fears that without sanctions, a flood of Iranian oil will further depress prices.
March 04, 2015
Chart of the Moment

Men’s fashion is a goldmine for online retailers.

March 04, 2015

McDonald’s is phasing out chicken raised with human antibiotics in the US.

  The fast-food company says that it is working its meat supplier, Tyson, to stop using poultry that has been treated with antibiotics also used by humans within two years. The move, designed to fight the rise of antibiotic-resistant “superbugs,” may also help improve the chain’s crumbling brand image.
March 04, 2015

Dozens of coal miners are trapped in Ukraine.

  An underground explosion claimed the life of one worker and 32 others are unaccounted for. The blast at the Zasyadko mine in Donetsk was not caused by shelling in the separatist-held region, but Ukrainian officials said rebels had blocked a Ukrainian rescue team from assisting.
March 04, 2015

Minecraft is more popular than the Bible (on Google).

  Markus Persson’s iconic computer game—which sold to Microsoft late last year for $2.5 billion—is Googled more frequently than the holy book, Justin Bieber, and even Harry Potter. In an interview with Forbes, the 35-year-old billionaire describes his extravagant life after selling his 71% stake in the game.

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