The U.S. Department of Health and Human Services has enlisted several firms, including PricewaterhouseCoopers, to audit billions of dollars sent to healthcare providers during the pandemic. Those audits will start soon for thousands of providers who received at least $750,000 in federal financial assistance last year, including from the Provider Relief Fund. The $178 billion…
Read more
Retail trading updates Sign up to myFT Daily Digest to be the first to know about Retail trading news. The US stock market regulator has asked the public to weigh in on the “gamification” of share trading, in response to concerns that some online apps are prodding investors to take risks they do not fully…
Read more
Magnets in Apple’s latest smartphone, the iPhone 12, can trigger a setting in some implantable cardiac devices that temporarily disable the devices, according to Food and Drug Administration researchers. The study, published in the journal Heart Rhythm this week, reinforces existing recommendations from the FDA urging patients to keep some consumer electronic devices at least…
Read more
FORT LAUDERDALE, Fla. (AP) — School districts in Florida may impose mask mandates, a judge said Friday, ruling that Gov. Ron DeSantis overstepped his authority by issuing an executive order banning the mandates. Leon County Circuit Judge John C. Cooper agreed with a group of parents who claimed in a lawsuit that DeSantis’ order is…
Read more
Electric vehicles updates Sign up to myFT Daily Digest to be the first to know about Electric vehicles news. Rivian, the electric vehicle company backed by Amazon, has filed confidentially for an initial public offering, the company announced on Friday. Founded in 2009, the Irvine, California-based company, seen as a significant challenger to Tesla, is…
Read more
Apple Inc updates Sign up to myFT Daily Digest to be the first to know about Apple Inc news. Tim Cook sold more than $750m worth of Apple shares this week, after receiving the final tranche of a stock award that he was granted a decade ago when he took over from Steve Jobs as…
Read more
The design space has undergone major changes in the last decade. What once was dominated by a single player in Adobe has now become a burgeoning software landscape, with a handful of major players answering the needs of designers across every industry. One such player is Canva, the startup valued at over $15 billion. The…
Read more
Coronavirus pandemic updates Sign up to myFT Daily Digest to be the first to know about Coronavirus pandemic news. Public health officials in England have urged restraint among festival-goers over the bank holiday weekend to prevent a stubbornly high Covid infection rate among young people fuelling a broader surge in cases. More than half a…
Read more
Virtual and Augmented Reality updates Sign up to myFT Daily Digest to be the first to know about Virtual and Augmented Reality news. Fed up of staring at a Zoom screen after months of working from home? Facebook has an answer: virtual reality. Download a free app, don a $300 VR headset, and suddenly your…
Read more
Semiconductors updates Sign up to myFT Daily Digest to be the first to know about Semiconductors news. SoftBank needs a Plan B. One year on, prospects for its planned $54bn sale of UK chip designer Arm to Nvidia are souring. Antitrust watchdogs are circling. The European Commission is set to launch a formal competition probe…
Read more