AOC blasts Republicans for wasting time and ‘negotiating in bad faith’ on bipartisan infrastructure deal

AOC alexandria ocasio cortez
Rep. Alexandria Ocasio-Cortez (D-NY).

  • Alexandria Ocasio-Cortez slammed Republicans for walking back from a bipartisan infrastructure deal.
  • On Twitter, the New York lawmaker accused GOP senators of negotiating “in bad faith.”
  • She also blasted the lack of diversity in the bipartisan group of senators negotiating with Biden.
  • See more stories on Insider’s business page.

On Friday, Rep. Alexandria Ocasio-Cortez slammed Republicans for walking back on a bipartisan infrastructure deal just a day after President Joe Biden said “we have a deal.”

On Twitter, Ocasio-Cortez argued the senators had wasted time and negotiated “in bad faith.”

“Wow, who could have possibly predicted that Senate Republicans were wasting months of a Dem majority’s precious time negotiating in bad faith just to suddenly renege on a bipartisan agreement w/ new, mercurial demands after doing exactly the same w the Jan 6th commission,” the New York lawmaker wrote in a tweet.

The criticism came in response to news that one GOP senator was wavering in his support of the $1 trillion infrastructure agreement he had been part of negotiation with the White House, on the grounds that Biden was tying it to Democrats’ passage of another, larger spending package.

Bloomberg’s Erik Wasson reported that Republican Sen. Jerry Moran of Kansas, who helped hammer out the details of the infrastructure deal, “wants assurances” that Democratic Sens. Joe Manchin of West Virginia and Krysten Sinema of Arizona would oppose the second bill. Moran joins other Republicans who also said they would refuse to back a bipartisan deal if it’s tied to another.

Biden said on Thursday that the two deals were tied together. “If this is the only thing that comes to me,” he said at the White House, in reference to the bipartisan deal, “I’m not signing it.”

Also on Thursday, top Democrats said they would work to pass a multitrillion-dollar package that covers other Biden initiatives left out of the bipartisan deal on a straight party-line vote through a process called budget reconciliation.

“It’s time to move forward, rebuild infrastructure and drawdown carbon, lower the age of Medicare and extend it to cover vision & dental, expand childcare and housing accessibility, and serve the American people,” Ocasio-Cortez continued in another tweet. “That is bipartisan too, with 2 party support among the electorate.”

Her comments come a day after she blasted the all-white bipartisan group of 10 senators who led negotiations with Biden for lacking diversity.

“The diversity of this ‘bipartisan coalition’ pretty perfectly conveys which communities get centered and which get left behind when leaders prioritize bipartisan dealmaking over inclusive lawmaking (which prioritizes delivering the most impact possible for the most people),” the New York Democrat tweeted alongside a photo of the group of lawmakers with Biden on Thursday.

The bipartisan proposal includes funding for traditional infrastructure like roads and bridges as well as clean water, nationwide broadband, and improved public transit. It also aims to establish a nationwide network of 500,000 electric-vehicle charging stations.

The White House plans to offset the measure’s cost with repurposed unemployment-insurance funds, stricter IRS enforcement, and the purchase of unused toll credits. The corporate tax hike initially sought by the Biden administration wasn’t included in that deal.

Republicans beyond Moran seem mortified that Biden could pass a bipartisan deal while simultaneously passing a party-line bill that covers the rest of his proposals on infrastructure.

“It seems like the momentum in the Republican caucus is to abandon this deal,” Brian Riedl, a former Republican Senate aide who is now a budget expert at the conservative-leaning Manhattan Institute, told Insider’s Joseph Zeballos-Roig. “The fact they feel lied to and misled by the president gives them a pretty clear justification for pulling out.”

Sen. Lindsey Graham of South Carolina went further on Friday, telling Politico that “most Republicans could not have known” that Biden would tie the two bills together. “There’s no way. You look like a f—ing idiot now.”

Read the original article on Business Insider

Amazon Prime Day is winding down, but you can still save up to $70 on the flagship Apple Watch Series 6

If you buy through our links, we may earn money from affiliate partners. Learn more.

Amazon Prime Day Apple Watch Deals 2x1
Apple Watch models are on sale for Prime Day 2021.

Table of Contents: Masthead Sticky

The Apple Watch is our favorite smartwatch. It’s easy to use, comes with a variety of health tracking features, and has a polished design with plenty of customization options. But it’s not cheap, making Amazon Prime Day 2021 a great time to shop.

Prime Day is coming to a close, but we’re still seeing some worthwhile discounts of up to $70 on the Apple Watch Series 6. Walmart previously offered the Apple Watch Series 6 for just $279, the best price we’ve seen yet. However, the price has since gone back up.

See below for everything you need to know about shopping for an Apple Watch on Amazon Prime Day. And don’t forget: You’ll need an Amazon Prime subscription to access Amazon’s Prime Day deals.

Prime Monthly Subscription (medium, Preferred: Amazon)

The best Amazon Prime Day Apple Watch Series 6 deals

The Apple Watch Series 6 wasn’t on sale last Prime Day, likely because it had just launched about a month earlier. But we did see prices drop shortly after Prime Day on Black Friday. And now that the Series 6 is almost a year old, it’s no surprise the watch is discounted for Prime Day 2021.

Watch Series 6 (40mm, GPS) (medium, Preferred: Walmart)Watch Series 6 (44mm, GPS) (medium, Preferred: Amazon)

Shop similar deals from other competing sales

Check out similar deals available at Target and Best Buy, which are both offering the Apple Watch Nike Series 6 at a $70 discount for $330. This version comes with the Nike Run Club app and special Nike watch faces.

Top Amazon Prime Day Apple Watch SE deals

The lowest price for the Apple Watch SE we’ve seen so far on Amazon is $230. Walmart’s discount isn’t quite as good as the lowest we’ve seen, but it’s close enough to make it worth your time.

Watch SE (40mm, GPS) (medium, Preferred: Walmart)

Best Amazon Prime Day Apple Watch Series 3 deals

We don’t recommend purchasing the Apple Watch Series 3 unless you find it at an extremely good discount that falls well below its usual street price of $170. Apple still supports the Series 3, but it’s hard to update and will likely begin to feel slow over the next year since it runs on an older processor.

While it will be capable of running the latest Apple Watch software, not all features will work – like the new Portraits watch face coming in watchOS 8 and automatic handwashing detection in watchOS 7.

Top Amazon Prime Day Apple Watch accessory deals

It’s not just the cost of the Apple Watch alone that can get expensive. Accessories like charging cables and bands can add up, too. Prime Day is a great opportunity to pick up some discounted accessories for most electronics, and that holds true for the Apple Watch as well.

Watch Magnetic Charging Cable (1m) (medium, Preferred: Amazon)

More Apple Prime Day deals

FAQs

Which Apple Watch should I buy in 2021?

The Apple Watch Series 6 is the best Apple Watch you can buy, but it’s also the most expensive. When picking out a new Apple Watch, be sure to consider what you intend to use it for and how much you’re willing to spend.

The Series 6 is best for those who want the most comprehensive health tracking available, especially if keeping a closer eye on cardiac health is important. That’s because the Series 6 comes with several features that aren’t available on the recently released, budget-focused Apple Watch SE, such as the ability to take an electrocardiogram from the wrist and measure blood oxygen saturation.

Those who are willing to pay extra to have the latest and greatest Apple Watch should also consider the Series 6, since it runs on the newest Apple Watch processor, has an always-on display, and charges faster than the SE.

But the Apple Watch SE still runs on a fairly recent processor and has all of the most important Apple Watch features, such as the ability to track workouts, fall detection, high and low heart rate notifications, and a large screen.

We don’t recommend buying an Apple Watch Series 3 now because its low storage capacity makes it difficult to install important updates. If you’re investing in a new smartwatch, it’s worth paying a little more money to get a device that’s more recent and will last longer.

Is the Apple Watch worth it?

We believe the Apple Watch is the best smartwatch overall because its software is more polished and easier to use than that of rivals, it has an attractive design that matches any style, and it has some of the most comprehensive health and wellness features available. It’s not perfect, but the Apple Watch’s holistic experience is better than that of any other smartwatch we’ve tested.

However, that doesn’t necessarily mean the Apple Watch is best for everyone. If you’re a current iPhone owner who wants the flexibility to switch to Android eventually, you’ll want to look elsewhere. Or, if sleep tracking is your main priority in a smartwatch, Fitbit’s Versa 3 might be a better choice.

Why right now is a great time for the best Apple Watch deals

Amazon Prime Day is one of the best times of year to buy a new Apple Watch, along with Black Friday and Cyber Monday, should you miss it. This is because Apple typically announces new models in September, so buying a Series 6 in, say, August makes little sense.

Even if you don’t care about having the newest Apple Watch, you may be able to find the previous-generation Apple Watch at a better discount once the new version is released.

Read the original article on Business Insider

The best Apple Watch deals ahead of Prime Day – save $120 on the Apple Watch Series 6

If you buy through our links, we may earn money from affiliate partners. Learn more.

Amazon Prime Day Apple Watch Deals 2x1

Table of Contents: Masthead Sticky

The Apple Watch is our favorite smartwatch. It’s easy to use, comes with a variety of health tracking features, and has a polished design with plenty of customization options. But it’s not cheap, making Amazon Prime Day 2021 – which takes place on June 21 and 22 – a great time to shop.

Prime Day hasn’t begun just yet, but so far we’re only seeing early deals on the Apple Watch Series 6. Last year, discounts were available across Apple’s entire Apple Watch lineup, from the nearly 3-year-old Apple Watch Series 3 to Apple’s latest watches.

See below for everything you need to know about shopping for an Apple Watch on Amazon Prime Day. And don’t forget: You’ll need an Amazon Prime subscription to access Prime Day deals.

Prime Monthly Subscription (medium, Preferred: Amazon)

The best early Amazon Prime Day Apple Watch Series 6 deals

The Apple Watch Series 6 wasn’t on sale last Prime Day, likely because it had just launched about a month earlier. But we did see prices drop shortly after Prime Day on Black Friday. And now that the Series 6 is almost a year old, we’re hoping to see some compelling discounts that bring it well under the $350 street price.

Watch Series 6 (40mm, GPS) (medium, Preferred: Amazon)Watch Series 6 (44mm, GPS) (medium, Preferred: Amazon)

Shop similar deals from other competing sales

Check out similar deals available at Target and Best Buy, which are both offering the Apple Watch Nike Series 6 at a $70 discount for $330. This version comes with the Nike Run Club app and special Nike watch faces.

Top early Amazon Prime Day Apple Watch SE deals

The lowest price for the Apple Watch SE we’ve seen so far on Amazon is $230. We’re not seeing any compelling deals just yet, but we’re hoping to see some discounts as Prime Day gets closer. If not, we’ll be looking for discounts this fall after Apple presumably announces new Apple Watch models.

Early Amazon Prime Day Apple Watch Series 3 deals

We don’t recommend purchasing the Apple Watch Series 3 unless you find it at an extremely good discount that falls well below its usual street price of $170. Apple still supports the Series 3, but it’s hard to update and will likely begin to feel slow over the next year since it runs on an older processor. While it will be capable of running the latest Apple Watch software, not all features will work – like the new Portraits watch face coming in watchOS 8 and automatic handwashing detection in watchOS 7.

Top early Amazon Prime Day Apple Watch accessory deals

It’s not just the cost of the Apple Watch alone that can get expensive. Accessories like charging cables and bands can add up, too. Prime Day is a great opportunity to pick up some discounted accessories for most electronics, and we’re expecting that to hold true for the Apple Watch as well.

Watch Magnetic Charging Cable (1m) (medium, Preferred: Amazon)Sport Band (medium, Preferred: Amazon)

More Apple Prime Day deals

Frequently asked questions

Which Apple Watch should I buy in 2021?

The Apple Watch Series 6 is the best Apple Watch you can buy, but it’s also the most expensive. When picking out a new Apple Watch, be sure to consider what you intend to use it for and how much you’re willing to spend.

The Series 6 is best for those who want the most comprehensive health tracking available, especially if keeping a closer eye on cardiac health is important. That’s because the Series 6 comes with several features that aren’t available on the recently released, budget-focused Apple Watch SE, such as the ability to take an electrocardiogram from the wrist and measure blood oxygen saturation.

Those who are willing to pay extra to have the latest and greatest Apple Watch should also consider the Series 6, since it runs on the newest Apple Watch processor, has an always-on display, and charges faster than the SE.

But the Apple Watch SE still runs on a fairly recent processor and has all of the most important Apple Watch features, such as the ability to track workouts, fall detection, high and low heart rate notifications, and a large screen.

We don’t recommend buying an Apple Watch Series 3 now because its low storage capacity makes it difficult to install important updates. If you’re investing in a new smartwatch, it’s worth paying a little more money to get a device that’s more recent and will last longer.

Is the Apple Watch worth it?

We believe the Apple Watch is the best smartwatch overall because its software is more polished and easier to use than that of rivals, it has an attractive design that matches any style, and it has some of the most comprehensive health and wellness features available. It’s not perfect, but the Apple Watch’s holistic experience is better than that of any other smartwatch we’ve tested.

However, that doesn’t necessarily mean the Apple Watch is best for everyone. If you’re a current iPhone owner who wants the flexibility to switch to Android eventually, you’ll want to look elsewhere. Or, if sleep tracking is your main priority in a smartwatch, Fitbit’s Versa 3 might be a better choice.

Why right now is a great time for the best Apple Watch deals

Amazon Prime Day is one of the best times of year to buy a new Apple Watch, along with Black Friday and Cyber Monday, should you miss it. This is because Apple typically announces new models in September, so buying a Series 6 in, say, August makes little sense. Even if you don’t care about having the newest Apple Watch, you may be able to find the previous-generation Apple Watch at a better discount once the new version is released.

Read the original article on Business Insider

The Apple Watch is on sale ahead of Prime Day – here are the best early deals we’ve found so far

If you buy through our links, we may earn money from affiliate partners. Learn more.

Amazon Prime Day Apple Watch Deals 2x1

Table of Contents: Masthead Sticky

The Apple Watch is our favorite smartwatch. It’s easy to use, comes with a variety of health tracking features, and has a polished design with plenty of customization options. But it’s not cheap, making Amazon Prime Day 2021 – which takes place on June 21 and 22 – a great time to shop.

Prime Day hasn’t begun just yet, but so far we’re only seeing early deals on the Apple Watch Series 6. Last year, discounts were available across Apple’s entire Apple Watch lineup, from the nearly 3-year-old Apple Watch Series 3 to Apple’s latest watches.

See below for everything you need to know about shopping for an Apple Watch on Amazon Prime Day. And don’t forget: You’ll need an Amazon Prime subscription to access the deals.

Prime Monthly Subscription (medium, Preferred: Amazon)

The best early Amazon Prime Day Apple Watch Series 6 deals

The Apple Watch Series 6 wasn’t on sale last Prime Day, likely because it had just launched about a month earlier. But we did see prices drop shortly after Prime Day on Black Friday. And now that the Series 6 is almost a year old, we’re hoping to see some compelling discounts that bring it well under the $350 street price.

Watch Series 6 (40mm, GPS) (medium, Preferred: Amazon)Watch Series 6 (44mm, GPS) (medium, Preferred: Amazon)

Shop similar deals from other competing sales

Check out similar deals available at Target and Best Buy, which are both offering the Apple Watch Series Nike Series 6 at a $70 discount for $330. This version comes with the Nike Run Club app and special Nike watch faces.

Top early Amazon Prime Day Apple Watch SE deals

The lowest price for the Apple Watch SE we’ve seen so far on Amazon is $230. We’re not seeing any compelling deals just yet, but we’re hoping to see some discounts as Prime Day gets closer. If not, we’ll be looking for discounts this fall after Apple presumably announces new Apple Watch models.

Early Amazon Prime Day Apple Watch Series 3 deals

We don’t recommend purchasing the Apple Watch Series 3 unless you find it at an extremely good discount that falls well below its usual street price of $170. Apple still supports the Series 3, but it’s hard to update and will likely begin to feel slow over the next year since it runs on an older processor. While it will be capable of running the latest Apple Watch software, not all features will work – like the new Portraits watch face coming in watchOS 8 and automatic handwashing detection in watchOS 7.

Top early Amazon Prime Day Apple Watch accessory deals

It’s not just the cost of the Apple Watch alone that can get expensive. Accessories like charging cables and bands can add up, too. Prime Day is a great opportunity to pick up some discounted accessories for most electronics, and we’re expecting that to hold true for the Apple Watch as well.

Watch Magnetic Charging Cable (1m) (medium, Preferred: Amazon)Sport Band (medium, Preferred: Amazon)

More Apple Prime Day deals

Frequently asked questions

Which Apple Watch should I buy in 2021?

The Apple Watch Series 6 is the best Apple Watch you can buy, but it’s also the most expensive. When picking out a new Apple Watch, be sure to consider what you intend to use it for and how much you’re willing to spend.

The Series 6 is best for those who want the most comprehensive health tracking available, especially if keeping a closer eye on cardiac health is important. That’s because the Series 6 comes with several features that aren’t available on the recently released, budget-focused Apple Watch SE, such as the ability to take an electrocardiogram from the wrist and measure blood oxygen saturation.

Those who are willing to pay extra to have the latest and greatest Apple Watch should also consider the Series 6, since it runs on the newest Apple Watch processor, has an always-on display, and charges faster than the SE.

But the Apple Watch SE still runs on a fairly recent processor and has all of the most important Apple Watch features, such as the ability to track workouts, fall detection, high and low heart rate notifications, and a large screen.

We don’t recommend buying an Apple Watch Series 3 now because its low storage capacity makes it difficult to install important updates. If you’re investing in a new smartwatch, it’s worth paying a little more money to get a device that’s more recent and will last longer.

Is the Apple Watch worth it?

We believe the Apple Watch is the best smartwatch overall because its software is more polished and easier to use than that of rivals, it has an attractive design that matches any style, and it has some of the most comprehensive health and wellness features available. It’s not perfect, but the Apple Watch’s holistic experience is better than that of any other smartwatch we’ve tested.

However, that doesn’t necessarily mean the Apple Watch is best for everyone. If you’re a current iPhone owner who wants the flexibility to switch to Android eventually, you’ll want to look elsewhere. Or, if sleep tracking is your main priority in a smartwatch, Fitbit’s Versa 3 might be a better choice.

Why right now is a great time for the best Apple Watch deals

Amazon Prime Day is one of the best times of year to buy a new Apple Watch, along with Black Friday and Cyber Monday, should you miss it. This is because Apple typically announces new models in September, so buying a Series 6 in, say, August makes little sense. Even if you don’t care about having the newest Apple Watch, you may be able to find the previous-generation Apple Watch at a better discount once the new version is released.

Read the original article on Business Insider

The best early Apple Watch deals for Prime Day 2021 you can get right now

If you buy through our links, we may earn money from affiliate partners. Learn more.

Amazon Prime Day Apple Watch Deals 2x1

Table of Contents: Masthead Sticky

The Apple Watch is our favorite smartwatch. It’s easy to use, comes with a variety of health tracking features, and has a polished design with plenty of customization options. But it’s not cheap, which is why Amazon Prime Day 2021 is a great time to shop for an Apple Watch.

Last year on Amazon Prime Day, we saw discounts across Apple’s entire Apple Watch lineup, from the nearly 3-year-old Apple Watch Series 3 to the Apple Watch Series 6. Prime Day doesn’t start until June 21 and runs through June 22, but we’re already seeing compelling deals on the Series 6.

See below for everything you need to know about shopping for an Apple Watch on Amazon Prime Day. And don’t forget: you’ll need an Amazon Prime subscription to access the deals.

Prime Monthly Subscription (medium, Preferred: Amazon)

The best early Amazon Prime Day Apple Watch Series 6 deals

The Apple Watch Series 6 wasn’t on sale last Prime Day, likely because it had just launched about a month earlier. But we did see prices drop shortly after Prime Day on Black Friday. And now that the Series 6 is almost a year old, we’re hoping to see some compelling discounts that bring it well under the $350 street price.

Watch Series 6 (40mm, GPS) (medium, Preferred: Amazon)Watch Series 6 (44mm, GPS) (medium, Preferred: Amazon)

Top early Amazon Prime Day Apple Watch SE deals

The lowest price for the Apple Watch SE we’ve seen so far on Amazon is $230. We’re not seeing any compelling deals just yet, but we’re hoping to see some discounts as Prime Day gets closer. If not, we’ll be looking for discounts this fall after Apple presumably announces new Apple Watch models.

Early Amazon Prime Day Apple Watch Series 3 deals

We don’t recommend purchasing the Apple Watch Series 3 unless you find it at an extremely good discount that falls well below its usual street price of $170. Apple still supports the Series 3, but it’s hard to update and will likely begin to feel slow over the next year since it runs on an older processor. While it will be capable of running the latest Apple Watch software, not all features will work – like the new Portraits watch face coming in watchOS 8 and automatic handwashing detection in watchOS 7.

Top early Amazon Prime Day Apple Watch accessory deals

It’s not just the cost of the Apple Watch alone that can get expensive. Accessories like charging cables and bands can add up, too. Prime Day is a great opportunity to pick up some discounted accessories for most electronics, and we’re expecting that to hold true for the Apple Watch as well.

Watch Magnetic Charging Cable (1m) (medium, Preferred: Amazon)

More Apple Prime Day deals

Frequently asked questions

Which Apple Watch should I buy in 2021?

The Apple Watch Series 6 is the best Apple Watch you can buy, but it’s also the most expensive. When picking out a new Apple Watch, be sure to consider what you intend to use it for and how much you’re willing to spend.

The Series 6 is best for those who want the most comprehensive health tracking available, especially if keeping a closer eye on cardiac health is important. That’s because the Series 6 comes with several features that aren’t available on the recently released, budget-focused Apple Watch SE, such as the ability to take an electrocardiogram from the wrist and measure blood oxygen saturation.

Those who are willing to pay extra to have the latest and greatest Apple Watch should also consider the Series 6, since it runs on the newest Apple Watch processor, has an always-on display, and charges faster than the SE.

But the Apple Watch SE still runs on a fairly recent processor and has all of the most important Apple Watch features, such as the ability to track workouts, fall detection, high and low heart rate notifications, and a large screen.

We don’t recommend buying an Apple Watch Series 3 now because its low storage capacity makes it difficult to install important updates. If you’re investing in a new smartwatch, it’s worth paying a little more money to get a device that’s more recent and will last longer.

Is the Apple Watch worth it?

We believe the Apple Watch is the best smartwatch overall because the software is more polished and easier to use than that of rivals, it has an attractive design that matches any style, and it has some of the most comprehensive health and wellness features available. It’s not perfect, but the Apple Watch’s holistic experience is better than that of any smartwatch we’ve tested.

However, that doesn’t necessarily mean the Apple Watch is best for everyone. If you’re a current iPhone owner that wants the flexibility to switch to Android eventually, you’ll want to look elsewhere. Or, if sleep tracking is your main priority in a smartwatch, Fitbit’s Versa 3 might be a better choice.

Why right now is a great time for the best Apple Watch deals

Amazon Prime Day is one of the best times of year to buy a new Apple Watch, along with Black Friday and Cyber Monday should you miss it. This is because Apple typically announces new models in September, so buying a Series 6 in, say, August makes little sense. Even if you don’t care about having the newest Apple Watch, you may be able to find the previous-generation Apple Watch at a better discount once the new version is released.

Read the original article on Business Insider

The merger of WarnerMedia and Discovery has at least $3 billion in ‘cost synergies,’ a phrase that often means layoffs

John Stankey, WarnerMedia
AT&T CEO John Stankey.

  • The merger of AT&T’s WarnerMedia with media company Discovery includes at least $3 billion of annual “cost synergies.”
  • AT&T didn’t detail these cost cuts when it announced the merger on Monday.
  • Cost “synergies” often mean layoffs.
  • See more stories on Insider’s business page.

US telecom giant AT&T on Monday announced it would merge its content unit WarnerMedia with media company Discovery, creating a new streaming giant that could go head-to-head with Netflix and Disney.

In the press release, AT&T highlighted that the deal had “at least $3 billion in expected cost synergies annually.” These “synergies,” or cost reductions, would allow the newly formed company to invest in its content and scale its business, AT&T said.

Cost “synergies” are a common feature of big deals, especially when companies have overlapping operations, as is the case with WarnerMedia and Discovery. They can take many forms, including layoffs, the consolidation of suppliers, or the sharing of office space.

WarnerMedia – which includes HBO, TNT, CNN, and Warner Bros. – and Discovery both have entertainment and news assets. Both have streaming platforms: HBO Max for WarnerMedia, and Discovery Plus for Discovery.

AT&T did not detail the cost savings when it announced the deal Monday. Insider has reached out to AT&T and Discovery for comment.

AT&T shareholders would receive stock equating to 71% of the new company, while Discovery shareholders would own 29%, the companies said in the press release.

Read the original article on Business Insider

Nuance leaps 18% on Microsoft’s deal to acquire the AI speech-technology software maker

Satya Nadella

  • Nuance Communications shares shot up 18% on Monday on a deal by Microsoft to buy the company in a $19.7 billion deal.
  • Microsoft plans to buy the speech-recognition software maker for $56 a share and the deal will include Nuance’s net debt.
  • Microsoft shares were slightly higher as the new trading week got underway.
  • See more stories on Insider’s business page.

Nuance Communications shares surged 18% during Monday’s session following a deal under which Microsoft will purchase the AI speech-recognition software maker for $19.7 billion in cash, with the price to include Nuance’s net debt.

Microsoft, in a joint statement, said it will buy Nuance for $56 a share, which is a 23% premium to Nuance’s closing price on Friday at $45.58. Bloomberg reported late Sunday that the two companies were in talks, citing sources who asked not to be identified. An agreement with Nuance would be Microsoft’s largest since it purchased professional networking site LinkedIn in 2016.

Nuance climbed 18% to $53.93 as regular-session trading got underway. The stock during pre-market trade climbed by as much as 31%. Meanwhile, Microsoft shares edged up 0.1% to $255.97 as Wall Street’s new trading week kicked off.

Nuance and Microsoft have been working together since 2019, focusing on Nuance’s products that allow clinicians to capture patient discussions and integrate them into electronic health records. Microsoft said the deal will double its total addressable market in the healthcare provider space to nearly $500 billion.

“AI is technology’s most important priority, and healthcare is its most urgent application,” said Microsoft CEO Satya Nadella in the statement.

The deal is expected to close by the end of the calendar year 2021 and has been unanimously approved by the boards of both Nuance and Microsoft. Nuance’s CEO Mark Benjamin will remain in his role.

“For Nadella & Co., this is the right acquisition at the right time with Microsoft doubling down on its healthcare initiatives over the coming years,” said Wedbush analyst Dan Ives in a Monday note in which he called the Nuance deal a “strategic no brainer” for Microsoft. Wedbush lowered its 12-month price target on Nuance to $56 from $65 to reflect the deal but maintained its outperform rating.

Read the original article on Business Insider

SpaceX is betting big on its UK Starlink rollout, and is in talks to become part of the government’s $6.9 billion ‘Project Gigabit’ plan for rural internet

elon musk starlink internet 4x3
Elon Musk’s Starlink internet is spreading fast across the UK.

  • Elon Musk’s SpaceX is in talks with the UK government to provide Starlink internet to rural areas.
  • Starlink could become part of the government’s $6.9 billion “Project Gigabit” internet plan.
  • SpaceX has also signed a deal with a British telecoms company to connect satellites with fibre networks, The Telegraph reported.
  • See more stories on Insider’s business page.

SpaceX is in talks with the UK government about expanding its satellite-internet service Starlink to rural areas as part of the nation’s $6.9 billion “Project Gigabit” plan.

SpaceX on Friday met with the UK minister for digital infrastructure, Matt Warman, a person with knowledge of the discussions told CNBC on Monday. The UK’s culture secretary confirmed on Friday that Starlink was being considered for getting internet to hard-to-reach communities in the UK.

On top of Project Gigabit discussions, SpaceX has also signed a deal with British telecoms company Arqiva to build ground stations and infrastructure to connect satellites to fibre networks and servers, a space industry insider told The Telegraph on Monday.

An Arqiva spokesperson declined to comment to Insider. SpaceX didn’t immediately respond to Insider’s request for comment.

The first phase of Project Gigabit was launched on Friday. The project promises to offer faster internet to more than 1 million homes and businesses in remote areas of the UK.

If Starlink and the UK reach a deal over Project Gigabit, Elon Musk’s space company could benefit from government funding to accelerate its coverage in the country. In the US, Starlink won nearly $900 million from the US Federal Communications Commission (FCC) in December to deploy internet connection in underserved American communities.

Local internet providers in the US said Starlink shouldn’t get the FCC funding, saying the company uses “unproven” technology.

Starlink rival OneWeb also an option

The UK’s culture secretary Oliver Dowden told Sky News on Friday that Starlink was one of the best ways to deliver internet in hard-to-reach communities, though other alternatives were being considered, such as balloons or autonomous aircraft, he said.

But Starlink satellites or those from OneWeb – a UK satellite company that was rescued by the government from bankruptcy in November 2020 – are preferred options because their technology are already in use, Sky reported.

People in the UK who signed up for Starlink began getting their kits at the end of December. Insider spoke to one of the first Starlink users in the UK, Philip Hall, who lives in rural Devon.

He said the service, which offers average speeds of around 150 megabits per second (Mbps), was “absolutely transformational.”

Read the original article on Business Insider

The best Apple Watch deals happening now: $50 off an Apple Watch Series 6

If you buy through our links, we may earn money from affiliate partners. Learn more.

Apple fall September event Apple Watch iPad

The Apple Watch is the best smartwatch around, and one of the most popular fitness trackers on the market. Apple sells it in three different versions, Apple Watch Series 6, SE, and the Series 3, with the oldest model starting at $200.

Apple Watches go on sale frequently and there’s no need to ever full price for one. If you’re deciding which one to buy, here’s a quick breakdown:

Series 6 SE Series 3
Our review Best overall Best on a budget Best for the basics
Average price $350 $270 $170
Available sizes 40mm, 44mm 40mm, 44mm 38mm, 42mm
Introduction year 2020 2020 2017
Features Large always-on display, fast charging, blood oxygen app, ECG app, fall detection, heart rate data, fitness tracking Large display, fall detection, heart rate data, fitness tracking Fitness tracking, heart rate data, water resistance

Still wondering which one is right for you? Or how the Apple Watch stacks up to the competition? Here’s our guide for the best Apple Watches and our picks for the best smartwatches overall.

Table of Contents: Masthead Sticky

The best Apple Watch deals available right now

Product Card (medium, Preferred: Amazon)Product Card (medium, Preferred: Amazon)Product Card (medium)Watch Series 3 (38mm, GPS) (medium, Preferred: Walmart)Watch Series 3 (38mm, GPS) (medium, Preferred: Amazon)

Apple Watch Series 6 deals

Product Card (medium, Preferred: Amazon)Product Card (medium, Preferred: Amazon)

The Apple Watch Series 6 is the flagship model that comes loaded with all of Apple’s most advanced health features, its latest processor, a brighter always-on display, and fast charging.

Shoppers should expect to pay 15% less than retail for this model on a regular basis. Discounts over 20% are a little rarer.

Apple Watch SE deals

Product Card (medium)Product Card (medium)

The Apple Watch SE comes with many of the features you’d want from the Series 6, but lacks the new blood oxygen sensor, brighter always-on display, and fast charging. However, for most people, the Apple Watch SE may be the best option, since it costs over $100 less but can do almost everything the Series 6 can.

Like the Series 6, shoppers shouldn’t pay retail price for the SE. It sees a discount of 15% regularly.

Apple Watch Series 3 deals

Watch Series 3 (38mm, GPS) (medium, Preferred: Walmart)Watch Series 3 (38mm, GPS) (medium, Preferred: Amazon)

If price is your main concern, the older Apple Watch Series 3 is worth consideration. It is the cheapest option sold by the Apple Store. Even though it lacks more advanced features like an always-on screen and ECG monitoring, it offers the core Apple Watch experience at a much more accessible price.

The Series 3, while listed as $200, rarely leaves its discounted price of $169. Suffice it to say, shoppers should not buy it for more than $169, but should take advantage of any price below $169.

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Okta drops after company gives weak guidance and announces $6.5 billion Auth0 acquisition

Okta Auth0 deal
Okta cofounders Frederic Kerrest and CEO Todd McKinnon (top L to R) on a video call signing the agreement to acquire Auth0 for $6.5 billion with its cofounders CEO Eugenio Pace and Matias Woloski (bottom L to R)

  • Okta fell by nearly 10% Thursday as the ID-authentication software company’s outlook missed Wall Street’s view. 
  • The company expects a first-quarter adjusted loss of $0.20 to $0.21 a share compared with the consensus of a loss of $0.07. 
  • Okta plans to buy rival Auth0 in a transaction valued at $6.5 billion. 
  • Visit the Business section of Insider for more stories.

Okta shares dropped nearly 10% Thursday following a quarterly outlook that missed Wall Street’s estimate while the identity-authentication software maker said it plans to buy rival Auth0 in a $6.5 billion stock deal.

The company late Wednesday projected a first-quarter adjusted loss of $0.20 to $0.21 per share, which was wider than the consensus estimate of a per-share loss of $0.07. It also expects year-over-year growth in total revenue to $237 million to $239 million compared with Wall Street’s view of $237 million.

Shares of Okta lost as much as 9.6% when it hit an intraday low of $218. The stock later pared the decline to 4.5%. Over the past 12 months, the shares have advanced about 79%.

The company’s projection came within its fourth-quarter financial report and alongside a separate announcement about planning to buy Auth0. Okta said its guidance does not include any potential impact from the proposed Auth0 deal.

Okta said the pending deal will stoke growth in the $55 billion identity market. Auth0 will run as an independent business unit inside of Okta and both of its platforms will be supported and integrated over time.

The transaction “will accelerate our innovation, opening up new ways for our customers to leverage identity to meet their business needs,” said Todd McKinnon, Okta’s CEO and co-founder, in the statement.

For the fourth quarter, the company posted adjusted earnings of $0.06 a share, swinging from a loss of $0.01 a year ago. Revenue of $234.7 million increased from $167.3 million in the same period a year ago.

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