Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
Going to get a grip on the coronavirus pandemic in his 1st 3 months in office this this will help get the latest at the last 100000000 covert 19 vaccine at least 100000000 covert vaccine shots into the arms of the American People in the 1st 100 days 100000000 shots in the 1st 100 days thats what the next president is talking about the current president meanwhile has signed an executive order to prioritize vaccines for the United States before sending aid to other countries the signing comes amid reports that the president actually rejected an earlier offer from pfizer to double the order of the vaccines. In other news Donald Trumps quest to overturn the Election Results is suffered a defeat as the u. S. Supreme court rejected an appeal to throw out votes in pennsylvania the Republican Party wanted to dismiss up to 2 and a half 1000000 ballots are giving the states 29000 expansion of malin voting was illegal under state law the nations highest court didnt explain its reason for denying
Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
Possible copyright implications for Software Development ahead of the Supreme Court case google versus oracle. Thats an institute hosted this event looking at the history of copyright protections and the importance of code being protected by copyright laws. Its an hour ten minutes. All right. I believe we will now begin. Thank you all for coming to our event today on google versus oracle case. Officially titled consequences of the case here i actually have my own subtitle, which is copyright in the future of the Software Industry. Very significant case and absolutely delighted to have adam mossoff here to speak to us today about the relevant legal policy in commercial issues that are raised by this case. My name is adam mossoff and i am a senior fellow at the Hudson Institute and also now the chair of the newly constituted forum for intellectual property at the Hudson Institute. This is, in fact, our inaugural event and so were delighted to have it on such an important issue and with s