Perfecting the use of long-term supply agreements with customers is helping Micron Technology navigate the semiconductor shortage better than its peers, said CEO Sanjay Mehrotra on an earnings call Monday for fiscal Q1 ended Dec. 2. Revenue in the quarter of $7.69 billion was down 7% sequentially from Q1, but up 33% from a year earlier, and was near the midpoint of Micron’s Sept. 28 guidance. The stock closed up 10.5% Tuesday at $90.68.
A lawsuit filed against Walmart by California Attorney General Rob Bonta (D), the California Department of Toxic Substances Control (DTSC) and 12 state district attorneys alleges Walmart illegally disposed of hazardous waste, including e-waste and alkaline and lithium batteries, in the state for the past six years.
Subscription-based companies should watch a growing field of state automatic renewal laws, said business lawyers in interviews. Colorado and Delaware laws take effect Jan. 1, joining states including California and New York. With a recent explosion of streaming and other online subscription services, consumer groups support rules and enforcement for more transparency on renewal policies.
CTA won’t disclose the terms of its agreement to procure potentially tens of thousands of two-test BinaxNOW rapid antigen COVID-19 self-diagnostic kits from Abbott Labs for distribution free to anyone who picks up a CES 2022 badge for the Jan. 5-8 in-person event in Las Vegas. CTA announced the giveaway Friday in a series of elevated CES 2022 health and safety protocols to encourage, but not require, show participants to self-test for COVID-19 infections before leaving their hotel rooms and entering the Las Vegas Convention Center and other official venues (see 2112170033).
Legislation is needed to ensure domain name registries and registrars are cooperating with federal agencies combating illegal online activity, Sen. Marco Rubio, R-Fla., told us last week before introducing a bipartisan bill with Sen. Amy Klobuchar, D-Minn. Their Domain Reform for Unlawful Drug Sellers Act (S-3399) would give the FDA the authority to “suspend websites run by criminal networks that traffic” illegal drugs.
With 19 days before the Jan. 5 opening of CES 2022, and daily COVID-19 cases spiking throughout the U.S., according to the Centers for Disease Control and Prevention, CTA elevated the show’s health and safety protocols Friday to include distribution of a free Abbott Labs BinaxNOW rapid antigen self-test kit to anyone who picks up a badge. The kits enable CES 2022 participants to test for the presence of a COVID-19 infection in the privacy of their hotel rooms, but the decision to stay away from the show for anyone who tests positive would be on the individual honor system.
Consolidation will be a major theme in the over-the-top video market next year, manifesting in the form of the bundle, said Vikrant Mathur, co-founder of video technology and distribution company Future Today, on Parks Associates' virtual Future of Video event last week.
The supply chain crisis remains “a very, very difficult place to be,” and a “tough slog every day,” whether navigating the shortage of cargo containers or production parts “or starting and stopping our factories because we don’t have enough product to bring in and manufacture,” Flex CEO Revathi Advaithi told a Washington Post webinar Thursday. Flex, one of the world’s largest contract manufacturers, has 160,000 employees at about 100 production sites in 30 countries.
Google and Apple are using their app store monopolies to favor themselves, resulting in lower quality for consumers, Senate Antitrust Subcommittee Democrats and Republicans agreed during a hearing Wednesday.
DOJ is weighing the enforcement potential around AI-related discriminatory practices, Assistant Attorney General-Civil Rights Kristen Clarke said Tuesday. The Civil Rights Division is bolstering AI enforcement, education, outreach and interagency coordination, Clarke told an NTIA listening session.