Where Amazon walks, a graveyard follows. The phenomenon was clear yesterday, when investors spooked by its pharmacy offering drove shares of traditional drugstores down.

But now, venture capitalists are considering the company’s platform fertile ground to grow new consumer-facing brands.

On Wednesday, venture capitalists such as General Catalyst, Khosla Ventures, and Arbor Ventures injected $175 million in Series A funding into Heyday, a company that acquires and incubates companies that sell products on Amazon. That’s right: $175 million for a company that just came out of stealth and hired its first employee in August. 

The bet is that consumers want to shop in a centralized marketplace, a space currently dominated by Amazon—and that sizable businesses can spring from the e-commerce giant. Heyday CEO and co-founder Sebastian Rymarz points to Anker Innovations, a Chinese company selling eponymous portable batteries that’s now valued at $11.8 billion in trading … Read the rest

Swiss company Endress+Hauser, a supplier of measurement instrumentation, services, and solutions for industrial process engineering, recently launched a line of Proline t-mass F/I 300/500 flowmeters. The thermal mass flowmeters measure pure gases and gas mixtures, and each has numerous alarm functions as well as bidirectional measurement capability and reverse-flow detection. Applications for the flowmeters include […]

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Good news on the vaccine front has had an immediate and tantalizing effect on the travel sector, suggesting many passengers are raring to get going again.

On Tuesday, the U.K.-based low-cost airline EasyJet issued results that were mostly gloomy—it posted its first annual loss, of $1.68 billion, in its quarter-century history. But it also pointed to a glimmer of hope.

When Pfizer and BioNTech announced their promising COVID-19 vaccine trial results last week Monday, said EasyJet CEO Johan Lundgren, the carrier’s bookings surged by 50%. According to Reuters, he added that the momentum continued this week Monday, when Moderna also announced a very high efficacy for its candidate vaccine.

Similar indications came last week from British travel comparison and booking websites.

Following the Pfizer/BioNTech trial-results announcement, Skyscanner … Read the rest

The National Fluid Power Association is seeking volunteer judges for the design and specification midway reviews in the Fluid Power Vehicle Challenge.   The midway reviews are set for December and January. They consist of 45-minute webinar presentations with 10 minutes of Q&A from the judges. During the review, students present their initial design and mechanical drawings, […]

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The Austrian lawyer and privacy campaigner Max Schrems—whose activism has destroyed two transatlantic data-sharing deals and driven Europe-U.S. data flows into legal purgatory—has generally not had a huge problem with Apple. Until now.

It’s not that Schrems and his NOYB (“None of your business”) organization have never targeted Apple before—they made a complaint in early 2019 about its failure, and that of many other Big Tech firms, to give people all the data about them that they can lawfully demand. But their main targets have generally been Google and the big social media firms, Facebook in particular.

That changed Monday, when NOYB made dual complaints, in Spain and Germany, about Apple’s user tracking.

According to the privacy group, Apple’s iOS mobile operating system breaks the EU’s so-called “cookie law” by creating a tracking code without users’ knowledge or consent. This Identifier for Advertisers (IDFA) allows Apple and … Read the rest