An anonymous reader quotes a report from Reuters: Energy ministers from the Group of Seven (G7) major democracies reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels. "There is a technical agreement, we will seal the final political deal on Tuesday," said Italian energy minister Gilberto Pichetto Fratin, who is chairing the G7 ministerial meeting in Turin. On Tuesday the ministers will issue a final communique detailing the G7 commitments to decarbonize their economies. Pichetto said the ministers were also pondering potential restrictions to Russian imports of liquefied natural gas to Europe which the European Commission is due to propose in the short-term.

The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels, of which coal is the most polluting. Italy last year produced 4.7% of its total electricity through a handful of coal-fired stations. Rome currently plans to turn off its plants by 2025, except on the island of Sardinia where the deadline is 2028. In Germany and Japan coal has a bigger role, with the share of electricity produced by the fuel higher than 25% of total last year. "This is another nail in the coffin for coal," said Dave Jones, Ember's Global Insights program director. "The journey to phase out coal power has been long: it's been over seven years since the UK, France, Italy, and Canada committed to phase out coal power, so it's good to see the United States and especially Japan at last be more explicit on their intentions."

"The problem is that whilst coal power has already been falling, gas power has not. G7 nations already promised to 'fully or predominantly' decarbonize their power sectors by 2035, and that would mean phasing out not only coal by 2035 but also gas. Coal might be the dirtiest, but all fossil fuels need to be ultimately phased out."

Further reading: Countries Consider Pact To Reduce Plastic Production By 40% in 15 Years

Crypto company Tether announced Monday that it has invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. [The firm is not related to the asset management giant BlackRock.] CoinDesk reports: Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market cap of $110 billion. Recently, Tether established four divisions to expand beyond stablecoin issuance. "Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement," Paolo Ardoino, CEO of Tether, said in a statement.

An anonymous reader quotes a report from Business Insider: WeWork has a new plan to get out of bankruptcy -- and it doesn't involve Adam Neumann, who wants to acquire the flexible office provider he created. WeWork announced Monday that it has raised $450 million in equity funding, which it could use to emerge from Chapter 11. The company also said it has a plan in place to "eliminate all of its $4 billion of outstanding, prepetition debt obligations." A vote on the plan -- which has support from the owners of most of WeWork's debt -- is scheduled for May 30, according to Bloomberg.

The majority of the funding -- $337 million, to be exact -- would come from Cupar Grimmond, and SoftBank would still own a stake in the company, according to the outlet. But Neumann, who has recently expressed interest in purchasing WeWork for more than $500 million, doesn't plan to go down without a fight. "After misleading the court for weeks, WeWork finally admitted it is trying to sell the company to a group led by Yardi for far less than we are continuing to propose," Susheel Kirpalani, an attorney for Neumann's new real estate startup Flow Global, told Business Insider in a statement, adding, "so we anticipate there will be robust objections to confirming this plan."

Ahead of its annual I/O developer conference in May, Google has decided to lay off staff across key teams like Flutter, Dart, Python and others. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," said a Google spokesperson. "To best position us for these opportunities, throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers, and align their resources to their biggest product priorities. Through this, we're simplifying our structures to give employees more opportunity to work on our most innovative and important advances and our biggest company priorities, while reducing bureaucracy and layers." TechCrunch reports: The company clarified that the layoffs were not company-wide but were reorgs that are part of the normal course of business. Affected employees will be able to apply for other open roles at Google, we're told. [...] Though Google didn't detail headcount, some of the layoffs at Google may have been confirmed in a WARN notice filed on April 24. WARN, or the California Worker Adjustment and Retraining Notification Act, requires employers with more than 100 employees to provide 60-day notice in advance of layoffs. In the filing, Google said it was laying off a total of 50 employees across three locations in Sunnyvale.

On social media, commenters raised concerns with the Python layoffs in particular, given the role that Python tooling plays in AI. But others pointed out that Google didn't eliminate its Python team; it replaced that team with another group based in Munich -- at least according to Python Steering Council member Thomas Wouters in a post on Mastodon last Thursday.

Millions of Americans pay for Netflix, doling out anywhere from $6.99 to $22.99 a month. It's a common belief that you can get out of recurring charges like this by canceling your credit card. Netflix won't be able to find you, and your account will just go away, right? You wouldn't be crazy for believing it, but it's a myth that canceling a credit card will definitely stop your recurring charges. From a report: Nearly 46% of Americans opened a new credit card last year, according to Forbes, which means millions of Americans also canceled old ones. When you switch cards, Netflix doesn't just stop your service -- they just start charging your new card. Granted, it might be easier to just cancel your Netflix subscription directly. There's a largely hidden service that enables Netflix and most other subscription services to keep throwing charges at you indefinitely.

"Banks may automatically update credit or debit card numbers when a new card is issued. This update allows your card to continue to be charged, even if it's expired," Netflix says in its help center. Most major card providers offer a feature that enables this, including Visa. In 2003, Visa U.S.A. started offering a new software product to merchants called Visa Account Updater (VAU), according to a 2003 American Banker article. The service works with a network of banks to create a virtual tracking service of Americans' financial profiles. Whenever someone renews, or switches a credit card within their bank, the institution automatically update the VAU. This system lets Netflix and countless other corporations charge whatever card you have on file.

As of today, Walmart is able to sell physical goods directly to users inside Roblox. Digiday adds: The introduction of real-life e-commerce could be a watershed moment for the company's ambitions to become an all-encompassing destination for virtual life. Walmart's Roblox e-commerce experience launches later today, with users inside the pre-existing Walmart Discovered able to have real-life items shipped directly to their doorsteps. Users entering the experience will be greeted with a new storefront showcasing virtual twins of select physical items sold at real-life Walmart stores.

After trying out the virtual items on their avatars, players will be able to load an e-commerce experience that takes the form of a browser window inside Roblox imitating the experience of shopping on Walmart's website -- essentially a virtual laptop set up inside Roblox to access Walmart.com. The commerce feature within Walmart Discovered will be gated specifically to users aged 13 or older in the United States only. "There is a traditional sort of checkout flow where you put your name, your address and your credit card information, and that's all powered by a Walmart API that handles all of the information super securely -- it's very safe," said Walmart director of brand experiences and strategic partnerships Justin Breton. "And once you hit checkout, you'll get your confirmation email from Walmart. All of that is handled by us on the back end, the user will then get their item in the mail, but the virtual twin is granted immediately back on Roblox."

Amazon says its deliveries are getting even faster, announcing that it delivered over 2 billion items the same or next day to Prime members during the first three months of 2024, breaking its record for 2023. From a report: The company says it delivered almost 60 percent of Prime orders the same or next day in 60 of the biggest metropolitan areas in the US.

The United Kingdom has become the first country in the world to ban default guessable usernames and passwords from these IoT devices. Unique passwords installed by default are still permitted. From a report: The Product Security and Telecommunications Infrastructure Act 2022 (PSTI) introduces new minimum-security standards for manufacturers, and demands that these companies are open with consumers about how long their products will receive security updates for.

Manufacturing and design practices mean many IoT products introduce additional risks to the home and business networks they're connected to. In one often-cited case described by cybersecurity company Darktrace, hackers were allegedly able to steal data from a casino's otherwise well-protected computer network after breaking in through an internet-connected temperature sensor in a fish tank. Under the PSTI, weak or easily guessable default passwords such as "admin" or "12345" are explicitly banned, and manufacturers are also required to publish contact details so users can report bugs.

An anonymous reader shared this report from CNN: Five times the size of Paris. Visible from space. The world's biggest energy plant. Enough electricity to power Switzerland. The scale of the project transforming swathes of barren salt desert on the edge of western India into one of the most important sources of clean energy anywhere on the planet is so overwhelming that the man in charge can't keep up. "I don't even do the math any more," Sagar Adani told CNN in an interview last week.

Adani is executive director of Adani Green Energy Limited (AGEL). He's also the nephew of Gautam Adani, Asia's second richest man, whose $100 billion fortune stems from the Adani Group, India's biggest coal importer and a leading miner of the dirty fuel. Founded in 1988, the conglomerate has businesses in fields ranging from ports and thermal power plants to media and cements. Its clean energy unit AGEL is building the sprawling solar and wind power plant in the western Indian state of Gujarat at a cost of about $20 billion.

It will be the world's biggest renewable park when it is finished in about five years, and should generate enough clean electricity to power 16 million Indian homes... [T]he park will cover more than 200 square miles and be the planet's largest power plant regardless of the energy source, AGEL said.
CNN adds that the company "plans to invest $100 billion into energy transition over the next decade, with 70% of the investments ear-marked for clean energy."

Pursuing an unfair business practices case against Amazon, America's Federal Trade Commission has now "accused" Amazon of using Signal, reports the Seattle Times:

The newspaper notes that the app "can be set to automatically delete messages, to hide information related to the FTC's ongoing antitrust investigation into the company." In a court filing this week, the FTC moved to "compel" Amazon to share more information about its policies and instructions related to using the Signal app... The FTC accused Amazon executives of manually turning on the feature to delete messages in Signal even after the company learned that the FTC was investigating and had told Amazon to keep documents, emails and other messages.

Many of Amazon's senior leaders used Signal, according to the FTC, including former CEO and current chair Jeff Bezos, CEO Andy Jassy, and general counsel David Zapolsky, as well as Jeff Wilke, former head of Amazon's worldwide consumer business, and Dave Clark, former worldwide operations chief. "Amazon is a company that tightly controls what its employees put into writing," FTC attorneys said in a court filing Thursday. "But Amazon's senior leadership also used another channel for internal communications and avoided the need to talk carefully by destroying the records of their messages...."

In the court filing Thursday, the FTC asked Amazon to provide two troves of documents related to its use of Signal: Amazon's document preservation notices and its instructions about the use of "ephemeral messaging applications, including Signal." The FTC said Amazon waited for more than a year after it learned of the investigation to instruct its employees to preserve Signal messages. "It is highly likely that relevant information has been destroyed as a result of Amazon's actions and inactions," the FTC wrote in court records.

Long-time Slashdot reader lee1 shares "an interesting essay on the history of orthodoxy in quantum mechanics," published this week in Nature.

Its title? "'Shut up and calculate': how Einstein lost the battle to explain quantum reality." [T]he views of Danish physicist Niels Bohr came to dominate. Albert Einstein famously disagreed with him and, in the 1920s and 1930s, the two locked horns in debate. A persistent myth was created that suggests Bohr won the argument by browbeating the stubborn and increasingly isolated Einstein into submission. Acting like some fanatical priesthood, physicists of Bohr's 'church' sought to shut down further debate. They established the 'Copenhagen interpretation', named after the location of Bohr's institute, as a dogmatic orthodoxy.

My latest book Quantum Drama, co-written with science historian John Heilbron, explores the origins of this myth and its role in motivating the singular personalities that would go on to challenge it. Their persistence in the face of widespread indifference paid off, because they helped to lay the foundations for a quantum-computing industry expected to be worth tens of billions by 2040...
The Einstein-Bohr dispute raised larger issues, according to the article. "What is the purpose of physics? Is its main goal to gain ever-more-detailed descriptions and control of phenomena, regardless of whether physicists can understand these descriptions? Or, rather, is it a continuing search for deeper and deeper insights into the nature of physical reality?

"Einstein preferred the second answer," the articcle notes — and concluded that quantum mechanics was incomplete: Unlike Bohr, Einstein had established no school of his own. He had rather retreated into his own mind, in vain pursuit of a theory that would unify electromagnetism and gravity, and so eliminate the need for quantum mechanics altogether. He referred to himself as a "lone traveler". In 1948, U.S. theoretical physicist J. Robert Oppenheimer remarked to a reporter at Time magazine that the older Einstein had become "a landmark, but not a beacon".

Subsequent readings of this period in quantum history promoted a persistent and widespread suggestion that the Copenhagen interpretation had been established as the orthodox view... When learning quantum mechanics as a graduate student at Harvard University in the 1950s, US physicist N. David Mermin recalled vivid memories of the responses that his conceptual enquiries elicited from his professors, whom he viewed as 'agents of Copenhagen'. "You'll never get a PhD if you allow yourself to be distracted by such frivolities," they advised him, "so get back to serious business and produce some results. Shut up, in other words, and calculate."
The book argues that actually the physics world suffered from "a subtly different kind of orthodoxy" — an indifference to "foundational questions" outside the mainstream — but that the "myth" motivated projects and experiments.

"Although the wider physics community still considered testing quantum mechanics to be a fringe science and mostly a waste of time, exposing a hitherto unsuspected phenomenon — quantum entanglement and non-locality — was not..."

"In less than 15 years, battery costs have fallen by more than 90%," according to a new report from the International Energy Agency, "one of the fastest declines ever seen in clean energy technologies."

And it's expected to get even cheaper, reports Reuters: An expected sharp fall in battery costs for energy storage in coming years will accelerate the shift to renewable energy from fossil fuels, the International Energy Agency (IEA) said on Thursday... The total capital costs of battery storage are due to tumble by up to 40% by 2030, the Paris-based watchdog said in its Batteries and Secure Energy Transitions report.

"The combination of solar PV (photovoltaic) and batteries is today competitive with new coal plants in India," said IEA Executive Director Fatih Birol. "And just in the next few years, it will be cheaper than new coal in China and gas-fired power in the United States. Batteries are changing the game before our eyes." [...] The global market for energy storage doubled last year to over 90 gigawatt-hours (GWh), the report said...

The slide in battery costs will also help provide electricity to millions of people without access, cutting by nearly half the average electricity costs of mini-grids with solar PV coupled with batteries by 2030, the IEA said.
The Los Angeles Times notes one place adopting the tech is California: Standing in the middle of a solar farm in Yolo County, [California governor] Newsom announced the state now had battery storage systems with the capacity of more than 10,000 megawatts — about 20% of the 52,000 megawatts the state says is needed to meet its climate goals.
Although Newsom acknowledged it isn't yet enough to eliminate blackouts...

An anonymous reader shared this report from the Associated Press: Poland's prosecutor general told the parliament on Wednesday that powerful Pegasus spyware was used against hundreds of people during the former government in Poland, among them elected officials. Adam Bodnar told lawmakers that he found the scale of the surveillance "shocking and depressing...." The data showed that Pegasus was used in the cases of 578 people from 2017 to 2022, and that it was used by three separate government agencies: the Central Anticorruption Bureau, the Military Counterintelligence Service and the Internal Security Agency. The data show that it was used against six people in 2017; 100 in 2018; 140 in 2019; 161 in 2020; 162 in 2021; and then nine in 2022, when it stopped.... Bodnar said that the software generated "enormous knowledge" about the "private and professional lives" of those put under surveillance. He also stressed that the Polish state doesn't have full control over the data that is gathered because the system operates on the basis of a license that was granted by an Israeli company.
"Pegasus gives its operators complete access to a mobile device, allowing them to extract passwords, photos, messages, contacts and browsing history and activate the microphone and camera for real-time eavesdropping."

What happened after India banned TikTok? The move "mostly drew widespread support" notes the Associated Press, in a country "where protesters had been calling for a boycott of Chinese goods since the deadly confrontation in the remote Karakoram mountain border region." "There was a clamour leading up to this, and the popular narrative was how can we allow Chinese companies to do business in India when we're in the middle of a military standoff," said Nikhil Pahwa, a digital policy expert and founder of tech website MediaNama. Just months before the ban, India had also restricted investment from Chinese companies, Pahwa added. "TikTok wasn't a one-off case. Today, India has banned over 500 Chinese apps to date."

At the time, India had about 200 million TikTok users. And the company also employed thousands of Indians.

TikTok users and content creators, however, needed a place to go — and the ban provided a multi-billion dollar opportunity to snatch up a big market. Within months, Google rolled out YouTube Shorts and Instagram pushed out its Reels feature. Both mimicked the short-form video creation that TikTok had excelled at. "And they ended up capturing most of the market that TikTok had vacated," said Pahwa.
TikTok is also banned in Nepal and Somalia, according to Mashable, and the Associaterd Press adds that it's now also banned in Pakistan, Nepal and Afghanistan "and restricted in many countries in Europe."

Their article concludes that "for the most part, content creators and users in the four years since the ban have moved on to other platforms." They quote one frequent TikTok user as saying they just switched to Instagram after the ban, and "It wasn't really a big deal."

Reuters reports that America's Federal Aviation Administration "is investigating a union's claims that Boeing retaliated against two employees who in 2022 insisted the planemaker re-evaluate prior engineering work on 777 and 787 jets."

The employees' union "said the two unidentified engineers were representatives of the FAA, which delegates some of its oversight authority and certification process to Boeing workers." The FAA noted on Tuesday that in 2022 it boosted oversight of planemakers by protecting aviation industry employees who perform agency functions from interference by their employers. A December 2021 Senate report found "FAA's certification process suffers from undue pressure on line engineers and production staff."

"Boeing can tell Congress and the media all it wants about how retaliation is strictly prohibited," said SPEEA Director of Strategic Development Rich Plunkett. "But our union is fighting retaliation cases on a regular basis, and, in this specific case, Boeing is trying to hide information that would shed light on what happened...."

Last week, Boeing quality engineer whistleblower Sam Salehpour, who raised questions about Boeing widebody jets, told senators he was told to "shut up" when he flagged safety concerns. He has said he was removed from the 787 program and transferred to the 777 jet due to his questions.
Boeing has "zero tolerance for retaliation," according a statement quoted by Reuters, in which the company says they "encourage our employees to speak up when they see an issue. After an extensive review of documentation and interviewing more than a dozen witnesses, our investigators found no evidence of retaliation or interference. We have determined the allegations are unsubstantiated."

The union's version of the story? "After nearly six months of debate, the two engineers, with backing from the FAA, prevailed. Boeing re-did the required analysis." The two engineers were still Boeing employees, however, and Boeing management was not pleased. When they came up for their next performance reviews, the two engineers received identical negative evaluations... Even after the manager of the two engineers admitted that he had rated them both poorly at the request of the 777 and 787 managers who had been forced to resubmit their work, Boeing refused to change the engineers' performance evaluations.

At this point, one of the engineers left in disgust; the other filed a formal "Speak Up" complaint with Boeing.

America's Federal Trade Commission "is sending more than $5.6 million in refunds to consumers," reports the Associated Press, "as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access." In a 2023 complaint, the FTC accused the doorbell camera and home security provider of allowing its employees and contractors to access customers' private videos. Ring allegedly used such footage to train algorithms without consent, among other purposes. Ring was also charged with failing to implement key security protections, which enabled hackers to take control of customers' accounts, cameras and videos. This led to "egregious violations of users' privacy," the FTC noted.

The resulting settlement required Ring to delete content that was found to be unlawfully obtained, establish stronger security protections and pay a hefty fine. The FTC says that it's now using much of that money to refund eligible Ring customers.
According to their announcement Tuesday, the FTC is now sending 117,044 PayPal payments to affected consumers...

"Intel used to dominate the U.S. chip industry," writes CNBC. But now "it's struggling to stay relevant." Intel's long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the year. Although Intel's revenue is no longer shrinking and the company remains the biggest maker of processors that power PCs and laptops, sales in the first quarter trailed estimates. Intel also gave a soft forecast for the second quarter, suggesting weak demand... Intel is the worst-performing tech stock in the S&P 500 this year, down 37%.

Meanwhile, the two best-performing stocks in the index are chipmaker Nvidia and Super Micro Computer, which has been boosted by surging demand for Nvidia-based artificial intelligence servers. Intel, long the most valuable U.S. chipmaker, is now one-sixteenth the size of Nvidia by market cap. It's also smaller than Qualcomm, Broadcom, Texas Instruments, and AMD. For decades, it was the largest semiconductor company in the world by sales, but suffered seven straight quarters of revenue declines recently, and was passed by Nvidia last year.
Intel's problems "are decades in the making," according to CNBC, suggesting that one turning point was Apple's decision not to use Intel's chips in its iPhone. Now nearly every smartphone built uses Arm chips built by Apple and Qualcomm, while Apple's huge orders for TSMC chips "provided the cash to annually upgrade the manufacturing equipment at TSMC, which eventually surpassed Intel." Around 2017, mobile chips from Apple and Qualcomm started adding AI parts to their chips called neural processing units, another advancement over Intel's PC processors. The first Intel-based laptop with an NPU shipped late last year.

Intel has since lost share in its core PC chip business to chips that grew out of the mobile revolution... Apple stopped using Intel in its PCs in 2020. Macs now use Arm-based chips, and some of the first mainstream Windows laptops with Arm-based chips are coming out later this year. Low-cost laptops running Google ChromeOS are increasingly using Arm, too...

AMD made over 20% of server CPUs sold in 2022, and shipments grew 62% that year, according to an estimate from Counterpoint Research last year. AMD surpassed Intel's market cap the same year.

An anonymous reader quotes a report from TechCrunch: Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion. A newly formed entity called Luke Bidco Ltd., formed by private equity giant Thoma Bravo, has tabled an all-cash bid of $7.75 per share, which represents a 44% premium on its average price for the three-month period ending April 25. However, this premium drops to just 20% when juxtaposed against Darktrace's closing price Thursday, as the company's shares had risen 20% to 5.18 pounds in the past month.

Founded out of Cambridge, U.K., in 2013, Darktrace is best known for AI-enabled threat detection smarts, using machine learning to identify abnormal network activity and attempts at ransomware attacks, insider attacks, data breaches and more. The company claims big-name customers including Allianz, Airbus and the city of Las Vegas. After raising some $230 million in VC funding and hitting a private valuation of $1.65 billion, Darktrace went public on the London Stock Exchange in April 2021, with an opening-day valuation of $2.4 billion. Its shares hit an all-time high later that year of 9.45 pounds and plummeted to an all-time low of 2.29 pounds last February. But they had been steadily rising since the turn of the year and hadn't fallen below 4 pounds since the beginning of March.

The full valuation based on Thoma Bravo's offer amounts to $5.3 billion on what is known as a full-diluted basis, which takes into account all convertible securities and is designed to give a more comprehensive view of a company's valuation. However, the enterprise value in this instance is approximately $4.9 billion, which includes additional considerations such as debt and cash positions. [...] The deal is of course still subject to shareholder approval, but the companies said that they expect to complete the transaction by the end of 2024. "The proposed offer represents an attractive premium and an opportunity for shareholders to receive the certainty of a cash consideration at a fair value for their shares," Darktrace chair Gordon Hurst said. "The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the company's position as a best-in-class cyber AI business headquartered in the U.K."

U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it [non-paywalled link], prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets. The New York Times: DJI is on a Defense Department list of Chinese military companies whose products the U.S. armed forces will be prohibited from purchasing in the future. As part of the defense budget that Congress passed for this year, other federal agencies and programs are likely to be prohibited from purchasing DJI drones as well. The drones -- though not designed or authorized for combat use -- have also become ubiquitous in Russia's war against Ukraine.

The Treasury and Commerce Departments have penalized DJI over the use of its drones for spying on Uyghur Muslims who are held in camps by Chinese officials in the Xinjiang region. Researchers have found that Beijing could potentially exploit vulnerabilities in an app that controls the drone to gain access to large amounts of personal information, although a U.S. official said there are currently no known vulnerabilities that have not been patched. Now Congress is weighing legislation that could kill much of DJI's commercial business in the United States by putting it on a Federal Communications Commission roster blocking it from running on the country's communications infrastructure.

The bill, which has bipartisan support, has been met with a muscular lobbying campaign by DJI. The company is hoping that Americans like Mr. Nordfors who use its products will help persuade lawmakers that the United States has nothing to fear -- and much to gain -- by keeping DJI drones flying. "DJI presents an unacceptable national security risk, and it is past time that drones made by Communist China are removed from America," Representative Elise Stefanik, Republican of New York and one of the bill's primary sponsors, said in an emailed statement this month.

Alphabet has reported first quarter results that topped analysts' estimates with soaring profits in its cloud division. It also announced its first-ever dividend. CNBC shares the results: Earnings per share: $1.89 vs. $1.51 per share expected by LSEG
Revenue: $80.54 billion vs. $78.59 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

YouTube advertising revenue: $8.09 billion vs. $7.72 billion expected, according to StreetAccount.
Google Cloud revenue: $9.57 billion vs. $9.35 billion expected, according to StreetAccount.
Traffic acquisition costs (TAC): $12.95 billion $12.74 billion expected, according to StreetAccount.

Alphabet's revenue increased 15% from $69.79 billion a year earlier, the fastest rate of growth since early 2022. Alphabet said its board approved a cash dividend of 20 cents per share to be paid on June 17, to stockholders of record as of June 10. The company said it "intends to pay quarterly cash dividends in the future."