Senin, 03 Juni 2019

Facebook tumbles on antitrust concerns - CNBC

Facebook shares tumbled more than 8% Monday following a The Wall Street Journal reported that said the FTC will be able to examine the effect of Facebook's practices on digital competition.

Shares of other tech giants took a hit over similar concerns. Amazon's stock was down more than 4% Monday following a Washington Post report that the top U.S. antitrust enforcement agencies have a new agreement over tech oversight. The drop shaved about $35 billion from its market cap, bringing it to $839 billion.

And shares of Google parent company Alphabet were down more than 6% after The Wall Street Journal reported Friday the Justice Department is readying an antitrust investigation. The stock lost about $47 billion from its market cap, bringing it to around $721 billion.

Facebook's drop shaved more than $33 billion from its market cap, bringing it to about $472 billion. Facebook is already under investigation by the FTC over its handling of user data and has said it is expecting a fine of up to $5 billion.

Antitrust regulation has remained a distant threat in recent years as scandals like Cambridge Analytica brought the scale of tech power into focus for the public. In the lead up to the 2020 presidential election, "break up big tech" has become a rallying cry for some, Democratic presidential candidate Sen. Elizabeth Warren, D-Mass.

But a new reported agreement between the Federal Trade Commission and the Department of Justice brings that threat a bit closer to reality. The FTC will take the lead on oversight of Amazon, which the DOJ will have greater jurisdiction over Google, according to the Post. The FTC previously closed an investigation of Google without taking action, but now the DOJ will take another look into Google's practices in search and other areas, according to the Journal.

Subscribe to CNBC on YouTube.

Watch: DOJ's Google antitrust probe will hit other tech players, analyst says

Let's block ads! (Why?)


https://www.cnbc.com/2019/06/03/amazon-facebook-and-google-stocks-stumble-over-antitrust-concerns.html

2019-06-03 16:30:52Z
52780307956168

Elon Musk says Tesla pickup will start at $49000 and be better than a Ford F-150 - Fox News

Elon Musk said he’s aiming to build an electric Tesla pickup that’s better than a Ford F-150 at a starting price of $49,000 or less.

A reveal of the new model is expected this year.

The Tesla CEO told the Ride the Lighting podcast that “It just can’t be unaffordable,” but that its styling isn’t for everyone.

“It won’t look like a normal truck. It’s going to look pretty sci-fi,” said Musk, who has also said it’s like something out of the “Blade Runner” films.

So far Tesla has only released a shadowy teaser image of the truck, which Musk confirmed depicts its front end.

An earlier gag image of the truck depicted it with a Ford F-150 style pickup in its bed.

An earlier gag image of the truck depicted it with a Ford F-150 style pickup in its bed. (Tesla)

Musk told the podcast “the goal is to be a better truck than an F-150, in terms of truck-like functionality, and be a better sports car than a [Porsche] 911.” He has previously said that it would feature all-wheel-drive, a self-leveling suspension, a range of 400 to 500 miles per charge and the ability to tow 300,000 pounds, which is unlikely to be its SAE-approved rating.

The $49,000 figure happens to be right around the current average transaction price for an F-150, which starts under $30,000 but can be optioned up to over $70,000. Ford is working on an all-electric model that could go on sale as soon as 2021, which would likely be the earliest that Tesla could launch its truck.

Ford is also investing $500 million in startup automaker Rivian, who is scheduled to launch its premium electric midsize pickup next year with a 400-mile range at a starting price of $69,000.

Tesla has been struggling to reduce the cost of its entry-level Model 3 sedan, which was briefly available for $35,000 before increasing by $400, while a version with a 310-mile range currently starts at $49,900 before fees.

FOX NEWS AUTOS DRIVES THE TESLA MODEL 3

Let's block ads! (Why?)


https://www.foxnews.com/auto/elon-musk-says-tesla-pickup-will-start-at-49000-and-be-better-than-a-ford-f-150

2019-06-03 14:56:41Z
52780307364482

Kelp Has Been Touted As The New Kale, But It Has Been Slow To Catch On - NPR

Bren Smith is a seaweed farmer and co-founder of GreenWave, a nonprofit that supports and trains ocean farmers. Courtesy of GreenWave hide caption

toggle caption
Courtesy of GreenWave

A few years ago, many news stories announced that "kelp is the new kale." That the global seaweed harvest is worth more than lemons and limes. That it's the "next great food craze." And that it will be "everywhere by the next decade."

Where are we now?

Kelp is a type of seaweed that grows in large underwater forests and looks a little like green lasagna noodles with curly edges.

Seaweed farming has a lot going for it: It doesn't require any fertilizer, can actually be used as fertilizer, helps fight climate change, and cleans up ocean water by taking in nitrogen compounds. It's also a nutritious sea vegetable — rich in vitamins C and K and minerals like iron and calcium.

But now, the growing industry in the U.S. needs to build infrastructure and to change people's tastes on a larger scale.

Bren Smith is a leading advocate for what he calls restorative ocean farming — growing seaweed alongside shellfish like mussels and oysters, which absorb carbon dioxide and nitrogen compounds, protect shorelines from storm surges, and rebuild marine ecosystems. He co-founded a nonprofit called GreenWave to promote the movement and train aspiring farmers.

"The momentum's been unbelievable ... we have requests to start farms in every coastal state in North America, 20 countries around the world," Smith says.

Smith's farm is just off the coast of Connecticut, on Long Island Sound. There are now farms up and down the New England coast, with more getting started in California and the Pacific Northwest.

"We're growing, and people are eating it," Smith says. "This isn't like a cute little Brooklyn bee farm project creating nice little bottles of honey at the farmers market. ... There are hundreds of thousands of pounds being produced and sold at this point."

Kelp can be used as a pasta substitute, as noodles, sautéed with butter and mushrooms, or ground into powder to use as seasoning. High end restaurants have also used seaweed as a side vegetable and on cookies.

However, some industry specialists say growing seaweed has become perhaps too popular. Anoushka Concepcion is an assistant extension educator with the Connecticut Sea Grant; she works with seafood producers and researchers and answers questions about the latest technology and trends.

"The idea sort of took off before all the practical challenges could be addressed," Concepcion says. "Farmers are finding it difficult now just to get rid of their seaweed."

Seaweed can be used to make seasoning and even gin. Alan Yu/WHYY hide caption

toggle caption
Alan Yu/WHYY

She explains that the seafood business usually works like this: Oysters and clams are sold right off a boat to a dealer, who sells them to restaurants.

"Dealers are not buying seaweed yet, because there's no established market on their end," Concepcion says.

Smith, GreenWave's co-founder, says all the farmers who are a part of that network have no problem selling their seaweed, but he agrees with Concepcion about another obstacle — a lack of large-scale processing facilities in Connecticut.

His farm grows kelp. He explains that it has a shelf life of a half-hour and needs to be blanched quickly after it leaves the water to stabilize it, which is expensive and fine to do on a small scale. But if more farmers grow kelp, they will need big buildings with giant tubs of hot water and freezers to process it and keep it safe to eat.

On the other side of the country in Alaska, farmers also have no problem growing seaweed, the problem is what to do with it once it's harvested, says Gary Freitag, a marine advisory agent at the Alaska Sea Grant who works closely with the state's marine resources industries.

He says Alaska has about five seaweed farms, and he gets about 20 calls a month from people interested in starting their own. But now the industry needs to address questions like these: Does the market want frozen seaweed, dried seaweed, or other products? Can they process seaweed using existing facilities for salmon and other fish? Do they have enough trucks and transport hardware if the industry takes off ?

"I think in 10 years it will be a fairly substantial industry up here, but now it's just going to be very small and experimental," Freitag says. "We just don't know how to solve all these ... bottlenecks (that inhibit further growth.)"

Smith of GreenWave says that "expectations [for how quickly seaweed would take off] have been set way too high. This is an exciting, scalable, replicable thing that can be a true climate solution, but it's going to be really hard work."

Still, he adds, climate change is a big issue, so this work has to happen fast.

"It's not about growing slow and small because we only have 30 years to address the climate crisis — that would have been great in the 1950s."

Smith says the seaweed business is past the startup phase. Aside from infrastructure, there's another big challenge: How do they get more people to eat it?

That could take some time, says Jet Tila, a celebrity chef who specializes in pan-Asian cuisine. He has used seaweed in many Japanese and Chinese dishes in his restaurants, but when asked to make it the star of a plate in a challenge on the show Iron Chef, he found it difficult.

"Seaweed is not a center-of-the-plate ingredient traditionally," Tila says. "It lacks fat. It has savoriness, [but] it lacks the protein feeling from meat, so it was really difficult to pair it into something to try and make it the star of the show."

He explains that kelp has a distinct, strong ocean flavor; and an unfamiliar, slippery, dense texture — features that can take time for Americans to get used to. He works in large-scale corporate food service and says seaweed will be mainstream if it becomes the center of the plate in those settings.

"You're still in the early-adopting phase; I don't think we're even close to the middle," Tila says. "It's going to be, in my opinion, quite a few years."

Alan Yu reports for NPR member station WHYY's health and science show, The Pulse, in Philadelphia.

Let's block ads! (Why?)


https://www.npr.org/sections/thesalt/2019/06/03/725790613/kelp-has-been-touted-as-the-new-kale-but-its-been-slow-to-catch-on

2019-06-03 14:49:44Z
CAIiEBYWW9i65ZwdG3A49iFC4rIqFggEKg4IACoGCAow9vBNMK3UCDDK0Rc

IHOP is changing names again over burgers, but not to IHOb this time - USA TODAY

This time last year, IHOP created a ton of buzz on social media by changing its name – temporarily – to IHOb to promote its burgers.

Now, the Glendale, California-based chain has taken to calling the newest editions to its burgers line-up “pancakes.”

The trio of new menu items – black angus beef pancakes – are the Big IHOP Pancake (Burger), which actually includes a traditional pancake between the meat patties; the Garlic Butter Pancake (Steakburger); and the Loaded Philly Pancake (Steakburger). 

IHOP, which stand for International House of Pancakes, is calling its new vocabulary do-si-do "a playful twist that again shows that it takes its burgers as seriously as it takes it pancakes."

Crop tops for men?: Twitter users don't know how to feel about the new trend

Beware: Pricey homes in these 15 US cities put them at risk of a housing crisis

Here's what's coming:

  1. Big IHOP Pancake: Buttermilk pancake griddled with Cheddar cheese and layered between two steakburger patties, then topped with American cheese, custom-cured hickory-smoked bacon and house-made IHOP sauce 
  2. Garlic Butter Pancake (Steakburger): House-made Gilroy garlic butter, custom-cured hickory-smoked bacon, white cheddar cheese, lettuce, tomato, onion and mayo
  3. Loaded Philly Pancake (Steakburger): Sautéed onions and peppers, melted white cheddar cheese and cheddar cheese sauce

For a limited time, they'll be served with unlimited fries, starting at $6.99. 

The June 2018 name game worked because IHOP initially sold four times what they'd done previously and are still selling at double their regular rate, according to IHOP chief marketing officer Brad Haley.

"Those who tweeted something, shall we say, unkind last year may find that they’re on The Bancake List, an aggregated list of Twitter users who tweeted at IHOP to stay in its lane," he said.

To get off the list, they must tweet something positive about IHOP’s pancakes, er, burgers, though IHOP has some prewritten options they can choose from. Some reformed fans will get tokens of appreciation from the company, though Haley didn't say what those are.

The company returned to its IHOP roots the month after the stunt.

IHOP's existing original burger line-up includes the Classic, the Classic with Bacon, the Mega Monster, the Cowboy BBQ, the Big Brunch and the Jalapeño Kick.

Rob Frankel, a Los Angeles-based branding strategy expert, said the success of the IHOb move was so great that having off-shoots of it makes sense for the company.

"It was a statement – 'We're wild and crazy guys, and that’s what makes it so fun and what you remember as a kid,'" he said. "That laid the foundation ... upon which they can now base their subsequent advertising."

Whether this burger switcheroo will be as much of a slam dunk as last year's shtick remains to be seen.

"It will work just fine; I don't think it’ll work as well because the burger thing was such a departure and a statement of identity," Frankel said. "The burger thing was to plant in the consumer's mind, 'We have burgers here, too.' Now, we need to sell the burger. It’s a different kind of an animal."

Follow USA TODAY reporter Zlati Meyer on Twitter: @ZlatiMeyer

Let's block ads! (Why?)


https://www.usatoday.com/story/money/2019/06/03/ihop-ihob-calls-its-new-burgers-pancakes/1303761001/

2019-06-03 15:19:30Z
52780308424345

Kelp Has Been Touted As The New Kale, But It Has Been Slow To Catch On - NPR

Bren Smith is a seaweed farmer and co-founder of GreenWave, a nonprofit that supports and trains ocean farmers. Courtesy of GreenWave hide caption

toggle caption
Courtesy of GreenWave

A few years ago, many news stories announced that "kelp is the new kale." That the global seaweed harvest is worth more than lemons and limes. That it's the "next great food craze." And that it will be "everywhere by the next decade."

Where are we now?

Kelp is a type of seaweed that grows in large underwater forests and looks a little like green lasagna noodles with curly edges.

Seaweed farming has a lot going for it: It doesn't require any fertilizer, can actually be used as fertilizer, helps fight climate change, and cleans up ocean water by taking in nitrogen compounds. It's also a nutritious sea vegetable — rich in vitamins C and K and minerals like iron and calcium.

But now, the growing industry in the U.S. needs to build infrastructure and to change people's tastes on a larger scale.

Bren Smith is a leading advocate for what he calls restorative ocean farming — growing seaweed alongside shellfish like mussels and oysters, which absorb carbon dioxide and nitrogen compounds, protect shorelines from storm surges, and rebuild marine ecosystems. He co-founded a nonprofit called GreenWave to promote the movement and train aspiring farmers.

"The momentum's been unbelievable ... we have requests to start farms in every coastal state in North America, 20 countries around the world," Smith says.

Smith's farm is just off the coast of Connecticut, on Long Island Sound. There are now farms up and down the New England coast, with more getting started in California and the Pacific Northwest.

"We're growing, and people are eating it," Smith says. "This isn't like a cute little Brooklyn bee farm project creating nice little bottles of honey at the farmers market. ... There are hundreds of thousands of pounds being produced and sold at this point."

Kelp can be used as a pasta substitute, as noodles, sautéed with butter and mushrooms, or ground into powder to use as seasoning. High end restaurants have also used seaweed as a side vegetable and on cookies.

However, some industry specialists say growing seaweed has become perhaps too popular. Anoushka Concepcion is an assistant extension educator with the Connecticut Sea Grant; she works with seafood producers and researchers and answers questions about the latest technology and trends.

"The idea sort of took off before all the practical challenges could be addressed," Concepcion says. "Farmers are finding it difficult now just to get rid of their seaweed."

Seaweed can be used to make seasoning and even gin. Alan Yu/WHYY hide caption

toggle caption
Alan Yu/WHYY

She explains that the seafood business usually works like this: Oysters and clams are sold right off a boat to a dealer, who sells them to restaurants.

"Dealers are not buying seaweed yet, because there's no established market on their end," Concepcion says.

Smith, GreenWave's co-founder, says all the farmers who are a part of that network have no problem selling their seaweed, but he agrees with Concepcion about another obstacle — a lack of large-scale processing facilities in Connecticut.

His farm grows kelp. He explains that it has a shelf life of a half-hour and needs to be blanched quickly after it leaves the water to stabilize it, which is expensive and fine to do on a small scale. But if more farmers grow kelp, they will need big buildings with giant tubs of hot water and freezers to process it and keep it safe to eat.

On the other side of the country in Alaska, farmers also have no problem growing seaweed, the problem is what to do with it once it's harvested, says Gary Freitag, a marine advisory agent at the Alaska Sea Grant who works closely with the state's marine resources industries.

He says Alaska has about five seaweed farms, and he gets about 20 calls a month from people interested in starting their own. But now the industry needs to address questions like these: Does the market want frozen seaweed, dried seaweed, or other products? Can they process seaweed using existing facilities for salmon and other fish? Do they have enough trucks and transport hardware if the industry takes off ?

"I think in 10 years it will be a fairly substantial industry up here, but now it's just going to be very small and experimental," Freitag says. "We just don't know how to solve all these ... bottlenecks (that inhibit further growth.)"

Smith of GreenWave says that "expectations [for how quickly seaweed would take off] have been set way too high. This is an exciting, scalable, replicable thing that can be a true climate solution, but it's going to be really hard work."

Still, he adds, climate change is a big issue, so this work has to happen fast.

"It's not about growing slow and small because we only have 30 years to address the climate crisis — that would have been great in the 1950s."

Smith says the seaweed business is past the startup phase. Aside from infrastructure, there's another big challenge: How do they get more people to eat it?

That could take some time, says Jet Tila, a celebrity chef who specializes in pan-Asian cuisine. He has used seaweed in many Japanese and Chinese dishes in his restaurants, but when asked to make it the star of a plate in a challenge on the show Iron Chef, he found it difficult.

"Seaweed is not a center-of-the-plate ingredient traditionally," Tila says. "It lacks fat. It has savoriness, [but] it lacks the protein feeling from meat, so it was really difficult to pair it into something to try and make it the star of the show."

He explains that kelp has a distinct, strong ocean flavor; and an unfamiliar, slippery, dense texture — features that can take time for Americans to get used to. He works in large-scale corporate food service and says seaweed will be mainstream if it becomes the center of the plate in those settings.

"You're still in the early-adopting phase; I don't think we're even close to the middle," Tila says. "It's going to be, in my opinion, quite a few years."

Alan Yu reports for NPR member station WHYY's health and science show, The Pulse, in Philadelphia.

Let's block ads! (Why?)


https://www.npr.org/sections/thesalt/2019/06/03/725790613/kelp-has-been-touted-as-the-new-kale-but-its-been-slow-to-catch-on

2019-06-03 14:49:29Z
CAIiEBYWW9i65ZwdG3A49iFC4rIqFggEKg4IACoGCAow9vBNMK3UCDDK0Rc

Alphabet target cut at Evercore on concerns about potential DOJ investigation - MarketWatch

Evercore ISI analyst Kevin Rippey cut his price target on Alphabet Inc. GOOGL, -6.06% shares to $1,200 from $1,250 on Monday, following reports that the Department of Justice is prepared to investigate Google for potential antitrust violations. The stock is down 4% in Monday morning trading. "Importantly, GOOGL has successfully navigated an antitrust investigation before (2011-2013), and emerged unscathed after a two year inquiry, as the FTC voted 5-0 not to pursue further action," wrote Rippey, who has an outperform rating on the stock. "While precedent suggests that Google enjoys broad discretion over the direction of search results, the questions arising from an investigation will challenge the possibility of multiple expansion." Alphabet shares have risen 2% so far this year, as the S&P 500 SPX, +0.40% has gained 10%.

Let's block ads! (Why?)


https://www.marketwatch.com/story/alphabet-target-cut-at-evercore-on-concerns-about-potential-doj-investigation-2019-06-03

2019-06-03 13:32:00Z
52780307956168

Kelp Has Been Touted As The New Kale, But It's Been Slow To Catch On - NPR

Bren Smith is a seaweed farmer and co-founder of GreenWave, a nonprofit that supports and trains ocean farmers. Courtesy of GreenWave hide caption

toggle caption
Courtesy of GreenWave

A few years ago, many news stories announced that "kelp is the new kale." That the global seaweed harvest is worth more than lemons and limes. That it's the "next great food craze," and that it will be "everywhere by the next decade."

Where are we now?

Kelp is a type of seaweed that grows in large underwater forests, and looks a little like green lasagna noodles with curly edges.

Seaweed farming has a lot going for it: It doesn't require any fertilizer, can actually be used as fertilizer, helps fight climate change, and cleans up ocean water by taking in nitrogen compounds. It's also a nutritious sea vegetable — rich in vitamins C and K, and minerals like iron and calcium.

But now, the growing industry in the U.S. needs to build infrastructure, and to change people's tastes on a larger scale.

Bren Smith is a leading advocate for what he calls restorative ocean farming — growing seaweed alongside shellfish like mussels and oysters, which absorb carbon dioxide and nitrogen compounds, protect shorelines from storm surges, and rebuild marine ecosystems. He co-founded a nonprofit called GreenWave to promote the movement and train aspiring farmers.

"The momentum's been unbelievable ... we have requests to start farms in every coastal state in North America, 20 countries around the world," Smith says.

Smith's farm is just off the coast of Connecticut, on the Long Island Sound. There are now farms up and down the New England coast, with more getting started in California and the Pacific Northwest.

"We're growing, and people are eating it, Smith says. "This isn't like a cute little Brooklyn bee farm project creating nice little bottles of honey at the farmers market ... there are hundreds of thousands of pounds being produced and sold at this point."

Kelp can be used as a pasta substitute, as noodles, sautéed with butter and mushrooms, or ground into powder to use as seasoning. High end restaurants have also used seaweed as a side vegetable and on cookies.

However, some industry specialists say growing seaweed has become perhaps too popular. Anoushka Concepcion is an assistant extension educator with the Connecticut Sea Grant; she works with seafood producers and researchers and answers questions about the latest technology and trends.

"The idea sort of took off before all the practical challenges could be addressed," Concepcion says. "Farmers are finding it difficult now just to get rid of their seaweed."

Seaweed can be used to make seasoning and even gin. Alan Yu/WHYY hide caption

toggle caption
Alan Yu/WHYY

She explains that the seafood business usually works like this: Oysters and clams are sold right off a boat to a dealer, who sells them to restaurants.

"Dealers are not buying seaweed yet, because there's no established market on their end," Concepcion says.

Smith, GreenWave's co-founder, says all the farmers who are a part of that network have no problem selling their seaweed, but he agrees with Concepcion about another obstacle — a lack of large-scale processing facilities in Connecticut.

His farm grows kelp, and he explains it has a shelf-life of a half-hour and needs to be blanched quickly after it leaves the water in order to stabilize it, which is expensive and fine to do on a small scale. But, if more farmers grow kelp, they will need big buildings with giant tubs of hot water and freezers to process it and keep it safe to eat.

On the other side of the country in Alaska, farmers also have no problem growing seaweed, the problem is what to do with it once it's harvested, says Gary Freitag, a marine advisory agent at the Alaska Sea Grant who works closely with the state's marine resources industries.

He says Alaska has about five seaweed farms, and he gets around 20 calls a month from people interested in starting their own. But now the industry needs to address questions like: Does the market want frozen seaweed, dried seaweed, or other products? Can they process seaweed using existing facilities for salmon and other fish? Do they have enough trucks and transport hardware if the industry takes off ?

"I think in 10 years it will be a fairly substantial industry up here, but now it's just going to be very small and experimental," Freitag says. "We just don't know how to solve all these ... bottlenecks (that inhibit further growth.)"

Smith of GreenWave says that "expectations [for how quickly seaweed would take off] have been set way too high. This is an exciting, scalable, replicable thing that can be a true climate solution, but it's going to be really hard work."

Still, he adds, climate change is a big issue, so this work has to happen fast.

"It's not about growing slow and small because we only have 30 years to address the climate crisis — that would have been great in the 1950s."

Smith says the seaweed business is past the startup phase. But aside from infrastructure, there's another big challenge: How do they get more people to eat it?

That could take some time, says Jet Tila, a celebrity chef who specializes in pan-Asian cuisine. He has used seaweed in many Japanese and Chinese dishes in his restaurants, but when asked to make it the star of a plate in a challenge on the show Iron Chef, he found it difficult.

"Seaweed is not a center-of-the-plate ingredient traditionally," Tila says. "It lacks fat. It has savoriness, [but] it lacks the protein feeling from meat, so it was really difficult to pair it into something to try and make it the star of the show."

He explains that kelp has a distinct, strong ocean flavor; and an unfamiliar, slippery, dense texture — features that can take time for Americans to get used to. He works in large-scale corporate food service, and says seaweed will be mainstream if it becomes the center of the plate in those settings.

"You're still in the early-adopting phase, I don't think we're even close to the middle," Tila says. "It's going to be, in my opinion, quite a few years."

Alan Yu reports for member station WHYY's health and science show, The Pulse, in Philadelphia.

Let's block ads! (Why?)


https://www.npr.org/sections/thesalt/2019/06/03/725790613/kelp-has-been-touted-as-the-new-kale-but-its-been-slow-to-catch-on

2019-06-03 13:16:37Z
CAIiEBYWW9i65ZwdG3A49iFC4rIqFggEKg4IACoGCAow9vBNMK3UCDCvpUk