Technology

Facebookplans to launch its Libra cryptocurrencytied to cash appear to be making a course correction, as the social network now appears to be planning to support not only its own digital token through its online wallet but others offered by central banks.

Libra, a cryptocurrency transacted across an immutable blockchain ledger, was expected to be a single currency for all global transactions. It is now expected to be just one digital payment method for Facebook, whose plans now include the support of government-backed fiat-money, such as the U.S. dollar and the Euro, according to Bloomberg reports.

To read this article in full, please click here

In a press conference late on Friday, Vice President Mike Pence said that the government will finally have the capacity to provide over 1 million tests for the novel coronavirus, COVID-19.

Joined by representatives of the Food and Drug Administration, the Centers for Disease Control and Prevention, and the National Institute for Allergy and Infectious Diseases, the vice president detailed the continuing efforts from the White House to coordinate a response to the spread of the coronavirus.

The CDC will distribute test kits capable of testing over 1.1 million people by the end of the weekend, and another 1 million tests will be in quality assurance testing by next week, according to Food and Drug Administration Commissioner Dr. Stephen Hahn.

Initially the White House had hoped to have distributed the test kits by the end of the week, but was not able to ramp up to meet that demand. Now, Pence is saying that the capacity to conduct at least 2.1 million tests will be available by next week — and that a consortium of private testing companies will add still more capacity as time goes by.

Yesterday the White House announced that it had established a consortium of the nationlargest private testing companies, which are now mobilizing to provide test kits to commercial and private institutional testing facilities around the country. Attendees at the White House meeting yesterday included LabCorp, Quest Diagnostics, Thermo Fisher Scientific, Abbott Laboratories and the Mayo Clinic, according to reporting from Reuters.

Earlier this week Lab Corp said it would begin offering immediate tests for COVID-19, while Quest Diagnostics said it would start testing next week. The two private test manufacturers will be able to charge for their tests, while the ones conducted by the CDC and state run facilities are free.

On Wednesday, the Trump Administration declared that the COVID-19 test would qualify as an essential health benefit — which means Medicaid and Medicare would cover testing costs. Under the Affordable Care Act (which the administration is trying to unwind) large-employer health plans must cover the cost of health benefits like preventive testing — but those tests don&t have to be free, according to CNBC reporting.

Until last week, only labs that were approved by the CDC could administer tests for the coronavirus, but the CDC opened new testing facilities for people potentially infected with the virus after an outcry from state and local governments.

While the government is touting the capacity for testing, the actual numbers are falling far short of official claims, according to a report in The Atlantic.

The report claims that only 1,895 people have been tested for the coronavirus in the U.S., and about 10% of the people tested have contracted the disease. Even with the new tests available to states and local governments, the capacity only allows for several thousand tests to be conducted — not the tens of thousands the White House has hoped for, according to the report.

Meanwhile, official reporting at the CDC is lagging behind other indicators, painting a far different official picture of the spread of the disease than the one thatreflected by realities in the aggregation of local government reporting. According to the latest data from a disease tracker provided by Johns Hopkins University, there are 299 cases of the coronavirus in the U.S. The CDC is only reporting 164.

The reason is that the government stopped reporting the total number of cases and has left that to the States. As the Atlantic reports:

Ultimately, the U.S. government seems to be [finally] ramping up its response to the spread of the virus here by providing health officials with the tools they need to accurately test for how widely the disease has spread in the population, while at the same time making it much harder to communicate the information the public would need to make educated choices on how to respond.

On Friday, Facebook announced that it would further attempt to limit coronavirus-related chaos on its platform by banning commerce listings and advertisements for medical face masks.

&We&re monitoring COVID19 closely and will make necessary updates to our policies if we see people trying to exploit this public health emergency,& Facebook Director of Product Management Rob Leathern said in an update on Twitter. &We&ll start rolling out this change in the days ahead.&

As fears of a novel coronavirus epidemic swell worldwide, online platforms have scrambled to stop price gouging and health misinformation. Amazon is working to eradicate &high priced offers& on products like hand sanitizer and face masks from its marketplace, while Ebay has banned all listings for N95 and N100 face masks, hand sanitizer and alcohol wipes. The online auction site will also reject any listings exploiting terms like &COVID-19& and &coronavirus.&

On Wednesday, Senator Ed Markey (D-MA) wrote an open letter to AmazonJeff Bezos expressing concern over &continued reports of price gouging and a lack of transparency& on the site.

&No one should be allowed to reap a windfall from fear and human suffering,& Markey wrote, adding that online retailers have a &particular responsibility& to protect consumers in the midst of the coronavirus outbreak.

Earlier this week, Facebook announced that coronavirus-related searches on its platform would be greeted with an automatic pop-up featuring information from the World Health Organization and local health authorities.

&Given the developing situation, we&re working with national ministries of health and organizations like the WHO, CDC and UNICEF to help them get out timely, accurate information on the coronavirus,& Mark Zuckerberg wrote in an update on his companyefforts. &We&re giving the WHO as many free ads as they need for their coronavirus response along with other in-kind support.&

The company is also focused on curtailing potentially life-threatening coronavirus misinformation, removing ads, conspiracy theories and treatment claims with no scientific basis. Facebookdecision to disable ads for face masks comes at a time when health authorities are urging well people to forgo buying the masks, both because they are not necessary for healthy individuals to wear and because demand for the masks is constricting their supply for the medical workers who need them most.

Hungry, a catering marketplace that connects businesses with independent chefs, announced this week that it has raised $20 million in Series B funding. Hungrytells me that the funding valued the company at more than $100 million (pre-money).

The investors were also pretty impressive: The round was led by Evolution VC Partners and former Whole Foods co-CEO Walter Robb, whojoining the startupboard. Kevin Hart, Jay-Z, Los Angeles Rams running back Todd Gurley, former Obama aide Reggie Love and Seattle Seahawks linebacker Bobby Wagner also participated.

CEO Jeff Grass said that he and his co-founders Eman Pahlavani (COO) and Shy Pahlevani (president) got the idea for the company while working at their previous startup LiveSafe.

&LiveSafe was in a food desert, where the best options were Subway and Ruby Tuesday,& Grass said. &We wanted more authentic food and we started thinking about, ‘Is there a better way that taps into local chefs?& &

That eventually led to Hungry, which has built up a network of independent chefs in Washington, D.C., Philadelphia, Boston, New York and Atlanta, providing catering to companies including Amazon, E-Trade, Microsoft and BCG. The chefs are all screened by Hungry, they cook out of &ghost kitchens& (commercial kitchens that aren&t attached to a restaurant) and then the food is delivered by the Hungry team.

&The food is produced at a much lower cost structure than at a restaurant with a retail location,& Grass said. &And yet you&re not sacrificing on quality. These are top chefs cooking their best dishes — you get higher than restaurant-quality food, but produced at a much lower cost.&

He added that this lower cost also allows the startup to be generous. Specifically, for every two meals sold, Hungry is supposed to donate one meal to end hunger in the U.S., and it has donated nearly 500,000 meals already.

As for the funding, Grass and his team will use it to expand into new markets — he hopes to be in 23 cities by the end of 2021.

SpaceX is launching its 20th resupply mission the International Space Station tonight, but this one has a bittersweet twist: Itthe last such mission that will use the first iteration of the Dragon spacecraft that has flown on all of the companymissions for NASA thus far. Starting this summer, its successor will take its place.

Tonightmission will bring a variety of supplies, experiments, and new components to the ISS as usual. Launch is scheduled for 8:50 PM Pacific time, and you can watch it below.

The Dragon spacecraft and Falcon 9 first stage both flew on previous missions, the Dragon on two others, making it the third of its kind to make it to a third mission. And it will also be the last of its kind to do so.

Dragon has spawned two successor craft, Crew Dragon and Cargo Dragon (sometimes with a &2& appended), the former of which has understandably gotten the lionshare of attention. But the revised cargo spacecraft very well see more use.

The exact differences between the old and new Dragon aren&t completely clear, but we know that there have been significant improvements to the avionics, power systems, onboard software, and of course the general shape of the thing. Naturally there won&t be life support or an escape system on the craft, which isn&t intended in this form to carry passengers.

This new, improved Cargo Dragon has its first commercial mission scheduled for August, and its sister craft, Crew Dragon, may very well by flying by then as well if everything goes according to plan.

The COVID-19 crisis is touching all aspects of society, including how we work. In response, many companies are considering asking some percentage of their workforce to work remotely until the crisis abates.

If your organization doesn&t have a great deal of experience with remote work, there are a number of key things to think about as you set up a program. You are going to be under time constraints when it comes to enacting an action plan, so think about ways to leverage the tools, procedures and technologies you already have in place. You won&t have the luxury of conducting a six-month study.

We spoke to a few people who have been looking at the remote working space for more than a decade and asked about the issues companies should bear in mind when a large number of employees suddenly need to work from home.

The lay of the land

Alan Lepofsky, currently VP of Salesforce Quip, has studied the remote work market for more than a decade. He says there are three main pieces to building a remote working strategy. First, managers need to evaluate which tools they&ll be using to allow employees to continue collaborating when they aren&t together.