Senin, 06 Mei 2019

Amid Worries About Election Security, Microsoft Unveils Voting Machine Software - NPR

A "Vote Here" sign marks the entrance to an early voting station in downtown Minneapolis in 2018. Steve Karnowski/AP hide caption

toggle caption
Steve Karnowski/AP

From checking in at a polling place on a tablet, to registering to vote by smartphone, to using an electronic voting machine to cast a ballot, computers have become an increasingly common part of voting in America.

But the underlying technology behind some of those processes is often a black box. Private companies, not state or local governments develop and maintain most of the software and hardware that keeps democracy chugging along. That's kept journalists, academics, and even lawmakers from speaking with certainty about election security.

In an effort to improve confidence in elections, Microsoft announced Monday that it is releasing an open-source software development kit called ElectionGuard that will use encryption techniques to let voters know when their vote is counted. It will also allow election officials and third-parties verify election results to make sure there was no interference with the results.

"It's very much like the cybersecurity version of a tamper-proof bottle," said Tom Burt, Microsoft's vice president of customer security and trust, in an interview with NPR. "Tamper-proof bottles don't prevent any hack of the contents of the bottle but it makes it makes it harder, and it definitely reveals when the tampering has occurred."

Developed with the computer science firm Galois, the kit will be available for free for election technology vendors to incorporate into their voting systems.

Microsoft is partnering with a number of voting machine vendors, including the largest manufacturer in the country, Election Systems & Software, but it's unclear how extensively the industry will utilize the new software in its offerings. The voting machine industry has traditionally been tight-lipped about its security practices.

Galois plans to use the new technology as part of an open-source voting system it is designing with grant money from the Defense Department. That system won't be for sale, says Joe Kiniry, a principal scientist at Galois. Instead, it will serve as a model of secure voting system that private companies can build off of.

"It gives the ability to double-check, even if a system is terribly written, even if it's hackable, it gets detected," said Kiniry. "It's not magic pixie dust. We need this plus un-hackable systems."

The software works in tandem with voting systems that use paper ballots, which many states and counties are returning to after more than a decade of using touchscreen voting machines that didn't produce a paper receipt.

An election system using Microsoft's ElectionGuard would provide a voter with a unique code that would not reveal who or what they voted for. The code could then be used to follow the vote from the moment the voter casts it, after they have verified the selections are correct, to the moment it's counted.

"For voters, the most tangible thing they would see from this is they would now have the ability to track the ballot as it goes through the entire process," said Joe Hall, the chief technologist at the Center for Democracy and Technology. "Similar to what voters have with packages, or pizza, it will say this is at this facility, it has been counted."

Microsoft's Burt says he expects to see pilot use of the technology in the 2020 election, but because of how long certification and incorporation of new technology takes in voting, realistically, he hopes for "broad deployment" by 2024.

But that deployment will only be as broad as tight state and local government budgets allow.

"This will help voters track their votes, it's going to build in this audibility that's sort of the Holy Grail," Hall said. "But it's not going to reach the smaller jurisdictions that don't have the money to upgrade or have older equipment."

Let's block ads! (Why?)


https://www.npr.org/2019/05/06/720071488/ahead-of-2020-microsoft-unveils-tool-to-allow-voters-to-track-their-ballots

2019-05-06 15:30:00Z
52780287641915

Beyond Meat, Pinterest Shrug Off Tariff Threat to Resume Gains - Yahoo Finance

Beyond Meat, Pinterest Shrug Off Tariff Threat to Resume Gains

(Bloomberg) -- Shares of recently listed companies including Beyond Meat Inc. and Pinterest Inc. shrugged off the market slump as a hot IPO market overshadowed concerns about the potential for an escalating trade war between the U.S. and China.

Wall Street darling Beyond Meat rose 3.5 percent at 11 a.m. in New York, erasing earlier declines to extend a three-day gain since last week’s initial public offering. The stock has nearly tripled from its listing price. Pinterest also bucked a broad rout in tech stocks to rise 3 percent after earlier trailing as much as 5.2 percent.

Shares in Zoom Video Communications Inc., another high-flying newcomer, fluctuated between gains and losses in morning trading. The video-conferencing company has more than doubled in less than three weeks of trading.

Lyft Inc., however, hasn’t been able to throw off the market concerns. Shares of the ride-hailing service tumbled as much 4.2 percent ahead the company’s first earnings report on Tuesday. The sour mood may bode poorly for key competitor Uber Technologies Inc. when its IPO prices on Thursday. The world’s top ride-hailing company is expected to raise as much as $9 billion in what would be the year’s largest listing.

(Updates Beyond Meat and Pinterest shares in headline and second paragraph.)

To contact the reporter on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.net

To contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Let's block ads! (Why?)


https://finance.yahoo.com/news/beyond-meat-pinterest-slide-mood-131148224.html

2019-05-06 15:28:00Z
CBMiTmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9iZXlvbmQtbWVhdC1waW50ZXJlc3Qtc2xpZGUtbW9vZC0xMzExNDgyMjQuaHRtbNIBVmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2JleW9uZC1tZWF0LXBpbnRlcmVzdC1zbGlkZS1tb29kLTEzMTE0ODIyNC5odG1s

Beyond Meat, Lyft Slide as Mood on Street Slaps Recent IPOs - Yahoo Finance

Beyond Meat, Lyft Slide as Mood on Street Slaps Recent IPOs

(Bloomberg) -- Shares of recently listed companies like Beyond Meat Inc. and Lyft Inc. are getting hit after sentiment on Wall Street soured over the weekend as investors weighed the prospect of a U.S. trade war with China.

With S&P 500 index down 1.3 percent at 9:50 a.m., Wall Street darling Beyond Meat -- the maker of plant-based burgers that more than doubled its IPO price of $25 after only two days of trading late last week -- is underperforming, falling as much as 6.4 percent in Monday’s trading.

Shares in Zoom Video Communications Inc. drop as much as 5.9 percent. while ride-hailing service Lyft tumbles 4.2 percent. If the mood doesn’t change soon that may bode ill for key competitor Uber Technologies Inc. when Uber’s IPO prices on Thursday.

(Updates shares throughout.)

To contact the reporter on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.net

To contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Let's block ads! (Why?)


https://finance.yahoo.com/news/beyond-meat-pinterest-slide-mood-131148224.html

2019-05-06 13:54:00Z
52780286483946

Bausch Health Q1 2019 earnings - CNBC

Joseph Papa

Scott Mlyn | CNBC

Shares of Bausch Health, formerly known as Valeant Pharmaceuticals, jumped as much as 3% in premarket trading Monday after the company raised its 2019 outlook.

The drugmaker raised its full-year revenues from between $8.3 billion and $8.50 billion to a range of $8.35 billion and $8.55 billion. It raised its full-year earnings from between $3.35 billion and $3.5 billion to a range of $3.4 billion and $3.55 billion.

It also generated first-quarter revenues of $2.02 billion, up slightly from $2 billion a year ago. It narrowed its loss to $52 million from a loss of $2.58 billion during the same period last year. The company did not provide a number for adjusted earnings, but Wall Street analysts were expecting 86 cents per share.

The company's Bausch & Lomb International business comprised approximately 55% of its revenue in the first quarter, bringing in $1.118 billion compared with $1.103 billion a year ago.

Late last month, Bausch Health said its dermatology business, Ortho Dermatologics, received FDA approval for its DUOBRII lotion to treat plaque psoriasis. The drugmaker conducted two clinical trials, with 36% of patients in the first study and 45% in the second study seeing their skin clear up.

Bausch Health shares are up more than 26% this year. The stock has risen more than 30% over the last 12 months through Friday's close.

For more on investing in health-care innovation, click here to join CNBC at our Healthy Returns Summit in New York City on May 21.

Let's block ads! (Why?)


https://www.cnbc.com/2019/05/06/bausch-health-q1-2019-earnings.html

2019-05-06 12:10:15Z
52780285550739

Kraft Heinz to restate earnings for 2016 and 2017, citing employee misconduct - CNBC

Bottles of Heinz Kraft Co. Heinz brand Tomato Ketchup and Yellow Mustard are arranged for a photograph in Dobbs Ferry, New York, on Wednesday, Feb. 20, 2019.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Kraft Heinz said in a filing Monday it will restate its financial statements for 2016 and 2017 by $181 million, after a review into its procurement and accounting procedures discovered employee misconduct.

Kraft Heinz disclosed in February a $15 billion write-down on its Kraft and Oscar Mayer brands, as well as an investigation by the Securities and Exchange Commission into its accounting and procurement practices.

The SEC investigation launched an internal review, which caused Kraft Heinz to delay filing its annual report twice. Standard & Poor's also put the company on CreditWatch negative.

According to Monday's filing with the SEC, the miscalculations were due in part to recognizing the benefits of costs and rebates in the wrong time period, which the company said it has since corrected.

"During the course of a thorough internal investigation, some discrepancies were uncovered which affected the way earnings were calculated between periods," a Kraft Heinz spokesperson said in a statement to CNBC. "While we don't believe that the misstatements are quantitatively material to any prior period, due to the qualitative nature of the matters identified, the Company determined that it is appropriate to correct the errors in previously issued financial statements."

The spokesman, who said the investigation is "now substantially complete," said the findings did not identify misconduct by members of the senior management team. The company has initiated "employee personnel actions" and "improvements to its internal controls" to address the issues, the filing said. After Monday's filing, Kraft Heinz shares lost 1.4% in premarket trading amid a broad sell-off for the market.

Shortly after the filing was released, Warren Buffett, who has a $10.6 billion stake in Kraft Heinz through Berkshire Hathaway, told CNBC's Becky Quick, "The company has my confidence."

Berkshire Hathaway, Kraft Heinz's largest shareholder, said Saturday it was forced to exclude Kraft Heinz's results from its first-quarter earnings report because it had not yet seen the food company's financials.

Berkshire Hathaway and private equity firm 3G Capital created Kraft Heinz by merging Kraft Foods and H.J. Heinz in 2015. The investment team previously worked together to take Heinz private two years prior.

But the Kraft Heinz deal has created headaches for Buffett. More recently, Buffett has been asked to defend 3G's once-lauded operational excellence, as Kraft Heinz's performance has deteriorated. Shares of the food giant have tumbled more than 24% through the year. The company in February reduced its dividend by 36%.

Berkshire Hathaway in February wrote down over $3 billion related to its investment in Kraft Heinz.

Buffett has since said he overpaid for Kraft. On Saturday, he repeated previously expressed sentiments that both he and 3G under-estimated the strength of retailers like Amazon and Costco. U.S. retailers have reacted to increasing online competition by squeezing brands on margins and turning to private label brands, where the retailers can make higher profit margins. Kraft Foods' portfolio is particularly vulnerable to the shift, with its offering of products like Planters nuts and Maxwell House coffee.

"Time usually works it out but it means capital could have been better deployed in other areas. You can always pay too much for a business. I've done it with stocks many times; I've done it with businesses," Buffett said Monday. "At Berkshire, we have at least a half dozen businesses — and I can't even use a 'we' there — I've got to say I paid too much."

Buffett last year stepped down from the Kraft Heinz board to decrease his travel commitments. Berkshire's Tracy Britt Cool and Gregory Abel still sit on the company's board.

– CNBC's Fred Imbert contributed to this report.

Let's block ads! (Why?)


https://www.cnbc.com/2019/05/06/kraft-heinz-to-restate-earnings-for-2016-and-2017.html

2019-05-06 11:41:34Z
CAIiEPVgp0ViU_ECcZdmIJOXy0EqGQgEKhAIACoHCAow2Nb3CjDivdcCMJ_d7gU

Kraft Heinz to restate earnings for 2016 and 2017, citing employee misconduct - CNBC

Bottles of Heinz Kraft Co. Heinz brand Tomato Ketchup and Yellow Mustard are arranged for a photograph in Dobbs Ferry, New York, on Wednesday, Feb. 20, 2019.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Kraft Heinz said in a filing Monday it will restate its financial statements for 2016 and 2017 by $181 million, after a review into its procurement and accounting procedures discovered employee misconduct.

Kraft Heinz disclosed in February a $15 billion write-down on its Kraft and Oscar Mayer brands, as well as an investigation by the Securities and Exchange Commission into its accounting and procurement practices.

The SEC investigation launched an internal review, which caused Kraft Heinz to delay filing its annual report twice. Standard & Poor's also put the company on CreditWatch negative.

According to Monday's filing with the SEC, the miscalculations were due in part to recognizing the benefits of costs and rebates in the wrong time period, which the company said it has since corrected.

"During the course of a thorough internal investigation, some discrepancies were uncovered which affected the way earnings were calculated between periods," a Kraft Heinz spokesperson said in a statement to CNBC. "While we don't believe that the misstatements are quantitatively material to any prior period, due to the qualitative nature of the matters identified, the Company determined that it is appropriate to correct the errors in previously issued financial statements."

The spokesman, who said the investigation is "now substantially complete," said the findings did not identify misconduct by members of the senior management team. The company has initiated "employee personnel actions" and "improvements to its internal controls" to address the issues, the filing said. After Monday's filing, Kraft Heinz shares lost 1.4% in premarket trading amid a broad sell-off for the market.

Shortly after the filing was released, Warren Buffett, who has a $10.6 billion stake in Kraft Heinz through Berkshire Hathaway, told CNBC's Becky Quick, "The company has my confidence."

Berkshire Hathaway, Kraft Heinz's largest shareholder, said Saturday it was forced to exclude Kraft Heinz's results from its first-quarter earnings report because it had not yet seen the food company's financials.

Berkshire Hathaway and private equity firm 3G Capital created Kraft Heinz by merging Kraft Foods and H.J. Heinz in 2015. The investment team previously worked together to take Heinz private two years prior.

But the Kraft Heinz deal has created headaches for Buffett. More recently, Buffett has been asked to defend 3G's once-lauded operational excellence, as Kraft Heinz's performance has deteriorated. Shares of the food giant have tumbled more than 24% through the year. The company in February reduced its dividend by 36%.

Berkshire Hathaway in February wrote down over $3 billion related to its investment in Kraft Heinz.

Buffett has since said he overpaid for Kraft. On Saturday, he repeated previously expressed sentiments that both he and 3G under-estimated the strength of retailers like Amazon and Costco. U.S. retailers have reacted to increasing online competition by squeezing brands on margins and turning to private label brands, where the retailers can make higher profit margins. Kraft Foods' portfolio is particularly vulnerable to the shift, with its offering of products like Planters nuts and Maxwell House coffee.

"Time usually works it out but it means capital could have been better deployed in other areas. You can always pay too much for a business. I've done it with stocks many times; I've done it with businesses," Buffett said Monday. "At Berkshire, we have at least a half dozen businesses — and I can't even use a 'we' there — I've got to say I paid too much."

Buffett last year stepped down from the Kraft Heinz board to decrease his travel commitments. Berkshire's Tracy Britt Cool and Gregory Abel still sit on the company's board.

– CNBC's Fred Imbert contributed to this report.

Let's block ads! (Why?)


https://www.cnbc.com/2019/05/06/kraft-heinz-to-restate-earnings-for-2016-and-2017.html

2019-05-06 11:37:30Z
CAIiEPVgp0ViU_ECcZdmIJOXy0EqGQgEKhAIACoHCAow2Nb3CjDivdcCMOLg7gU

Kraft Heinz to restate earnings for 2016 and 2017 - CNBC

Bottles of Heinz Kraft Co. Heinz brand Tomato Ketchup and Yellow Mustard are arranged for a photograph in Dobbs Ferry, New York, on Wednesday, Feb. 20, 2019.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Kraft Heinz said in a filing Monday it will restate its financial statements for 2016 and 2017 by $181 million, after a review into its procurement and accounting procedures discovered employee misconduct.

Kraft Heinz disclosed in February a $15 billion write-down on its Kraft and Oscar Mayer brands, as well as an investigation by the Securities and Exchange Commission into its accounting and procurement practices.

The SEC investigation launched an internal review, which caused Kraft Heinz to delay filing its annual report twice. Standard & Poor's also put the company on CreditWatch negative.

According to Monday's filing with the SEC, the miscalculations were due in part to recognizing the benefits of costs and rebates in the wrong time period, which the company said it has since corrected.

"During the course of a thorough internal investigation, some discrepancies were uncovered which affected the way earnings were calculated between periods," a Kraft Heinz spokesperson said in a statement to CNBC. "While we don't believe that the misstatements are quantitatively material to any prior period, due to the qualitative nature of the matters identified, the Company determined that it is appropriate to correct the errors in previously issued financial statements."

The spokesman, who said the investigation is "now substantially complete," said the findings did not identify misconduct by members of the senior management team. The company has initiated "employee personnel actions" and "improvements to its internal controls" to address the issues, the filing said. After Monday's filing, Kraft Heinz shares lost 1.4% in premarket trading amid a broad sell-off for the market.

Shortly after the filing was released, Warren Buffett, who has a $10.6 billion stake in Kraft Heinz through Berkshire Hathaway, told CNBC's Becky Quick, "The company has my confidence."

Berkshire Hathaway, Kraft Heinz's largest shareholder, said Saturday it was forced to exclude Kraft Heinz's results from its first-quarter earnings report because it had not yet seen the food company's financials.

Berkshire Hathaway and private equity firm 3G Capital created Kraft Heinz by merging Kraft Foods and H.J. Heinz in 2015. The investment team previously worked together to take Heinz private two years prior.

But the Kraft Heinz deal has created headaches for Buffett. More recently, Buffett has been asked to defend 3G's once-lauded operational excellence, as Kraft Heinz's performance has deteriorated. Shares of the food giant have tumbled more than 24% through the year. The company in February reduced its dividend by 36%.

Berkshire Hathaway in February wrote down over $3 billion related to its investment in Kraft Heinz.

Buffett has since said he overpaid for Kraft. On Saturday, he repeated previously expressed sentiments that both he and 3G under-estimated the strength of retailers like Amazon and Costco. U.S. retailers have reacted to increasing online competition by squeezing brands on margins and turning to private label brands, where the retailers can make higher profit margins. Kraft Foods' portfolio is particularly vulnerable to the shift, with its offering of products like Planters nuts and Maxwell House coffee.

"Time usually works it out but it means capital could have been better deployed in other areas. You can always pay too much for a business. I've done it with stocks many times; I've done it with businesses," Buffett said Monday. "At Berkshire, we have at least a half dozen businesses — and I can't even use a 'we' there — I've got to say I paid too much."

Buffett last year stepped down from the Kraft Heinz board to decrease his travel commitments. Berkshire's Tracy Britt Cool and Gregory Abel still sit on the company's board.

– CNBC's Fred Imbert contributed to this report.

Let's block ads! (Why?)


https://www.cnbc.com/2019/05/06/kraft-heinz-to-restate-earnings-for-2016-and-2017.html

2019-05-06 11:12:55Z
CAIiEPVgp0ViU_ECcZdmIJOXy0EqGQgEKhAIACoHCAow2Nb3CjDivdcCMOLg7gU