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NEW YORK (AP) — Apple is the first U.S. company to boast a market value of trillion, just two years after it became the first to reach trillion. Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company’s hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter.Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives — and the stock market. Just five companies — Apple, Microsoft, Amazon, Facebook and Google’s parent company — account for nearly 23% of the S&P 500’s entire value. 853
NEW YORK (AP) — U.S. health officials are taking a new tack in the coronavirus fight by emphasizing recent research that finds a mask protects the person who wears it. Previously, the Centers for Disease Control and Prevention advised masks because of medical evidence that it stops people who are infected with coronavirus — whether they know it or not — from spreading it to others. But this week the CDC posted on its Web site a scientific brief discussing recent studies finding that a wearer gets some protection even if an infected person has no mask.The brief added that adopting a universal masking policy, "can help avert future lockdowns, especially if combined with other non-pharmaceutical interventions such as social distancing, hand hygiene, and adequate ventilation.""Experimental and epidemiological data support community masking to reduce the spread of SARS-CoV-2. The prevention benefit of masking is derived from the combination of source control and personal protection for the mask wearer. The relationship between source control and personal protection is likely complementary and possibly synergistic, so that individual benefit increases with increasing community mask use," the brief read. Researchers pointed to the coronavirus outbreak on the USS Theodore Roosevelt as an example of the effectiveness of mask-wearing, saying, "use of face coverings on-board was associated with a 70% reduced risk."The brief said more research is needed to identify combinations of materials used for face coverings to maximize blocking and filtering effectiveness, as well as durability and comfort. 1620
NEW: @CBSNews statement on White House “unprecedented” decision to release full @60Minutes interview: https://t.co/46YUR1MK3Z pic.twitter.com/LXXiNY1a1r— Paula Reid (@PaulaReidCBS) October 22, 2020 205
Next March, the monthly subscription price of Disney+ will increase by in the United States.During its annual Investors Day, Disney announced that beginning March 26, 2021, the monthly subscription price would cost .99. Its yearly subscription would increase by to .99.The Disney Bundle that includes Disney+, Hulu with ads, and ESPN+ would increase by to .99 per month, the company announced.The company also announced that in Europe, Disney+ would go from �6.99 to �8.99 per month, alongside the Star rollout, which debuts Feb. 23.The news comes after Netflix announced in October that they would raise the price on its standard and premium plans for its US subscribers. 698
NEW YORK (AP) — Video app TikTok said it would wage a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns.TikTok, which is owned by China's ByteDance, insisted that it is not a national-security threat and that the government is acting without evidence or due process.On Monday, the company said it would file suit against the government later Monday in federal court in California."Now is the time for us to act," the company said in a press release. "We do not take suing the government lightly; however, we feel we have no choice but to take action to protect our rights and the rights of our community and employees."A copy of the complaint could not be immediately obtained.President Donald Trump issued an executive order in August that imposed a sweeping but unspecified ban on any "transaction" with ByteDance, to take effect in mid-September.In recent weeks, the Chinese-owned app was in talks with Microsoft to purchase them, but with the lawsuit, TikTok switched gears is now going on the offensive. 1095
