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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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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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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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Nomura reels in expectations on Wynn Resorts

Nomura Instinet analyst Harry Curtis cautions investors of Wynn Resorts (WYNN -0.1%) not to extrapolate the positive update from Steve Wynn on the casino operator’s early January EBITDA rate of $5M per day in Macau. “It wouldn’t surprise us if some analysts do not hold adjust Mr. Wynn’s bullish $5mn/day comment. We caution that in addition to the positive influence of hold, the first 21 days in a 365 day calendar does not a year make,” observes Curtis. Curtis expects a normalized EBITDA mark of closer to $4.5M per day….

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BioTime perks up 3% ahead of NobelCon14 presention

BioTime (BTX +3.4%) is up on modestly higher volume, breaking through short-term consolidation. On Monday, January 29 CFO Russell Skibsted will present a corporate overview at NobelCon14 in Fort Lauderdale, FL.  A webcast of the event will be available via noble.mediasite.com. A replay will be available in the “Events and Presentations” section of the company’s website.

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The company behind the crime-fighting robot that's been used to keep away homeless people in San Francisco has raised $25 million

Knightscope A Knightscope robot was used to keep away homeless people in San Francisco in 2017. Security robots are being used to patrol the streets of Silicon Valley. The startup behind the fleet, Knightscope, has raised $25 million in funding. Knightscope drew sharp criticism in 2017 after a robot was used to prevent homeless people from setting up camp in San Francisco.   The startup behind the autonomous, crime-fighting robots used to patrol the streets of Silicon Valley has received new financing to create its RoboCop fleet of the future….

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FT: Qualcomm facing potential $2B EU fine over Apple

EU antitrust regulators will sanction Qualcomm (NASDAQ:QCOM) for hurting competition by paying Apple (NASDAQ:AAPL) to use its chips exclusively, according to FT. Qualcomm paid Apple to buy all of its communication chipsets from 2011 to 2016. EU fines for such discretions are capped at 10% of a company’s annual turnover, which would put Qualcomm’s maximum payment at about $2B.  The fine would give Apple power in its ongoing legal battles against Qualcomm for “exclusionary tactics and excessive royalties” and weaken Qualcomm as it tries to fight off the unsolicited bid…

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JPMorgan just promoted Teresa Heitsenrether to head up a $4 billion business

LinkedIn Teresa Heitsenrether is being promoted to JPMorgan’s corporate and investment bank’s management team, according to a memo reviewed by Business Insider. Heitsenrether, a long-time veteran of the bank, played a role in JPMorgan landing a $1 trillion deal last year. Teresa Heitsenrether is being promoted to JPMorgan corporate and investment bank’s management team, according to a memo reviewed by Business Insider. Heitsenrether, a veteran of the bank, is replacing James Kenny, who announced his intention to retire in October. Heitsenrether, who currently leads Custody & Fund Services, will join…

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