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Facebook buying ID-authentication company

Facebook (NASDAQ:FB) is buying Confirm Inc., a specilist in authenticating government-issued IDs, Reuters reports. That comes while Facebook is in the middle of a pre-midterm election push to verify identities of those buying ads on the social network. Terms weren’t disclosed. Confirm will wind down and its Boston-based employees will join Facebook there. Previously: Facebook amps up fake-news fight ahead of Italy election (Jan. 19 2018)

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Facebook buys Boston software company that authenticates IDs

Getty Images | Bloomberg Mark Zuckerberg, chief executive officer and founder of Facebook Inc., waves after the morning session during the Allen & Co. conference in Sun Valley, Idaho, U.S., on Thursday, July 13, 2017. Facebook is buying Boston-based software company Confirm, which specializes in authenticating government-issued identification cards, a person familiar with the acquisition said on Tuesday. Confirm, which says on its website that it has more than 750 clients, will wind down its operations and its employees will join Facebook in Boston, the source said. Terms of the…

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The Google Lunar X Prize’s Race to the Moon Is Over. Nobody Won.

Photo From left, Robert K. Weiss, now vice chairman of the X Prize Foundation, Larry Page, founder of Google, Peter Diamandis, now the executive chairman of X Prize and the astronaut Buzz Aldrin, at an announcement for the Lunar X Prize competition in Los Angeles in 2007. A decade later, the organizers have announced that no one will receive the $20 million prize money. Credit Amy Tierney/WireImage, via Getty The Google Lunar X Prize competition, which has spent the past decade dangling a $20 million prize for the first privately…

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Amazon gives in to Massachusetts tax officials and agrees to turn over third-party seller data

Jeffrey Dastin | Reuters An employee collects items ordered by Amazon.com customers through the company’s two-hour delivery service Prime Now in a warehouse in San Francisco, December 20, 2017. Some Amazon sellers could soon get calls from Massachusetts state officials asking for unpaid sales taxes. On Tuesday, Amazon notified its marketplace sellers that the company has agreed to hand over important merchant information to the state of Massachusetts — including their federal tax ID numbers and the estimated value of inventory stored in Amazon’s warehouses in that state. The move…

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Aeglea Bio sells off after presentation on lead candidate AEB1102; shares off 11%

Investors in thinly traded nano cap Aeglea BioTherapeutics (AGLE -10.5%) appear to be taking profits after its 88% runup since the first of December. Yesterday evening, data were presented at the Keystone Symposia Tumor Metabolism Conference in Snowbird, UT on how arginine depletion with lead candidate AEB1102 (pegzilarginase) enhanced the anti-tumor activity of a PD-L1 inhibitor. Pegzilarginase is an arginine degrader derived from human Arginase 1. The company says it has a potential immunogenicity advantage over microbial enzymes because its human origin makes it less likely to provoke an immune response when…

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Afghan Pedophiles Get Free Pass From U.S. Military, Report Says

Sigar said it had opened an investigation into bacha bazi at the request of Congress and in response to a 2015 New York Times article that described the practice as “rampant.” The article said that American soldiers who complained had their careers ruined by their superiors, who had encouraged them to ignore the practice. “DOD and State only began efforts to address this issue after it was raised by The New York Times,” said John F. Sopko, the special inspector general. “And even after that story, the sufficiency of policies…

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Here's what UBS' bosses are telling people about a big shakeup at its $2.3 trillion money management unit

Thomson Reuters FILE PHOTO: The offices of Swiss bank UBS are seen in the financial district of the City of London UBS, the Switzerland-based money manager, announced Monday the integration of its two wealth management arms. According to a memo obtained by Business Insider, the shakeup includes a number of role shifts. The combined business, according to the memo, will oversee about $2.3 trillion in investable assets. UBS, the Switzerland-based money manager, announced Monday it would merge its two wealth management arms into one global business that will oversee more…

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Man Arrested Outside the White House With Gun and Ammunition

Photo Reports of a suspicious vehicle near the White House early on Tuesday led to the arrest of a Virginia man. Credit Tom Brenner/The New York Times WASHINGTON — A man with a gun and ammunition was arrested outside the White House early on Tuesday, the Secret Service said. The man, whom officials identified as Bryan McHugh, 43, of Alexandria, Va., was found in a vehicle near the White House around 2:30 a.m. as Secret Service agents responded to reports of a suspicious vehicle. He was transferred to the custody…

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