Elon Musks Neuralink, supported by Google Ventures, Peter Thiel, Sam Altman

SpaceX Founder and Chief Engineer Elon Musk speaks during the Satellite 2020 Conference in Washington, DC, the United States on March 9, 2020.

Yasin Öztürk | Anadolu Agency | Getty Images

Elon Musk’s brain-machine interface company Neuralink has raised $ 205 million from investors including Google Ventures, Peter Thiels Founders Fund and OpenAI CEO Sam Altman.

The Series C round, announced in a blog post on Thursday, was led by Dubai-based Vy Capital.

It comes two years after Neuralink raised $ 51 million. The total investment in the company now amounts to $ 363 million, according to the start-up tracker Crunchbase.

Founded in 2016, Neuralink seeks to develop high bandwidth brain implants that can communicate with phones and computers.

The company is targeting quadriplegics with its first devices – who cannot interact with many of today’s devices – and is working on human studies.

“The first clue this device is for is to help quadriplegics regain their digital freedom by allowing users to interact with their computers or phones in high bandwidth and naturally,” it says.

So far, the technology has been tested on pigs and a monkey that could play the video game pong with its mind.

The company said its first product, known as the N1 Link, will be “completely invisible” after implantation and will transmit data over a wireless connection. Musk, who is the CEO of Neuralink as well as Tesla and SpaceX, previously described Neuralink as a Fitbit in your skull with tiny wires going into your brain.

“The funds from the round will be used to bring Neuralink’s first product to market and accelerate research and development on future products,” said Neuralink.

Keeping up with AI

Neuralink said Thursday its mission is to “develop brain-machine interfaces that treat various brain disorders, with the ultimate goal of creating an entire brain interface that can more closely connect biological and artificial intelligence.”

AI is only getting smarter, and Musk previously said that Neuralink’s technology could one day allow people to “ride on”.

People are practically already “cyborgs” because they have a tertiary “digital layer” thanks to telephones, computers and applications, he said during a clubhouse discussion in February.

“With a direct neural interface, we can improve the bandwidth between your cortex and your digital tertiary layer by many orders of magnitude,” said Musk. “I would say probably at least 1,000 or maybe 10,000 or more.”

The cortex is a part of the brain that plays a key role in memory, attention, perception, thinking, language, and awareness. The digital plane he is referring to can be anything from a person’s iPhone to their Twitter account.

Long-term, Musk claims that Neuralink could enable humans to use telepathy to send concepts to each other and after death to exist in a “stored state” that could then be plugged into a robot or other human. He admitted he was breaking into science fiction territory.

Musk said the Neuralink device will be operational

Neuralink demo

Several other companies are also developing brain-computer interfaces, including Blackrock Neurotech, supported by Thiel and his friend Christian Angermayer.

Elsewhere, scientists from the University of Melbourne have already achieved some success with brain-computer interfaces.

A university study in October showed that two people thought about controlling a computer with a stentrode (a small array of electrodes mounted on a stent) developed by Australian biotech company Synchron, without having to shave and pierce the skull.

The Stentrode brain-computer interface enabled two people with amyotrophic lateral sclerosis – a rare neurological disorder – to type, text messages, email, online banking, and make online purchases through thoughts.

Spirit Airways CEO Ted Christie urges workers, passengers to get Covid pictures

Spirit Airlines CEO Ted Christie told CNBC on Friday that he’s urging all passengers and employees to get Covid shots, even though the low-cost carrier has no plans to implement vaccine requirements.

“Rising case counts with regard to the delta variant obviously is a concern for everybody,” Christie said on “Squawk Box.” The answer to that, we believe, is to get your vaccine, make sure you get out there and get vaccinated.”

Christie said the company does not have the authority to mandate vaccines for travelers, saying that he believes it’s going to be a “federal question.” Spirit, however, is still “strongly encouraging” employees to get vaccinated and use facial coverings, he said.

The CEO said Spirit implemented facial covering requirements since early in the pandemic, which remain in place today as the highly contagious delta variant drives the latest surge in Covid cases across the United States. Even though some pandemic-based restrictions are slowly returning, Christie said the “market is still open” with airlines able to operate without limitations on travel.

Spirit on Wednesday reported an adjusted second-quarter loss of 34 cents per share. That was much narrower than the 81-cent loss analysts had expected. Revenue of $859 million — a decrease of about 15% compared with the second quarter of 2019 before the pandemic — was also better than expectations. The budget airline said it ended the second quarter of this year with $2.2 billion in unrestricted cash, cash equivalents, and short-term investment securities and liquidity.

“In June 2021, we recorded our first month with adjusted net earnings since the onset of the COVID-19 pandemic,” Christie said in the company’s quarterly results press release. The Florida-based airline saw improved demand in its domestic and overseas markets as the second quarter progressed.

Spirit operates flights in the U.S., Latin America and the Caribbean.

“Since the beginning of the pandemic, leisure traffic has led the recovery and Spirit is a leisure-based airline, so we’re focused mostly on big leisure destinations … and that traffic has really rebounded quite quickly. We’ve had a very, very busy summer,” Christie told CNBC. 

Spirit announced early last month plans to expand into Miami International Airport later this year, adding flights to 30 cities, including New York, Cleveland and Denver. Others include service to Cali and Medellin, Colombia, Port-au-Prince, Haiti, and Santo Domingo, Dominican Republic. Spirit already flies out of Fort Lauderdale-Hollywood International Airport, about 25 miles north of Miami international.

Spirit, along with American Airlines, Delta Air Lines and United Airlines, recently announced plans to resume hiring and add more pilots to keep up with what executives expect to be robust demand next year. 

While the pandemic led airlines to halt hiring plans and encourage thousands of employees to take buyouts, leaves of absence and other voluntary options, Christie said Spirit did not furlough any of its front-line staff.

“We were able to keep everybody intact, which put us in a good position to take advantage of the rebound we’ve seen of late. And we’re managing our cost structure very well I believe,” Christie said.

Nelly and her longtime pal Shantel Jackson name it collectively after virtually 7 years

Nelly and his longtime friend Shantel Jackson are no longer an object.

The couple had been together since 2014, but today Shantel confirmed in a post on her Instagram page that she and Nelly are now just friends.

When asked by a fan: “R u (and) Nelly still together, I love to see you guys together”, Shantel replied, “No, we are not … just friends.”

This may come as a shock to fans considering Nelly said a little less than a year ago that he couldn’t imagine his life without Shantel and that the couple were “working towards marriage,” according to Yahoo Life.

“I don’t want my life not to include Shantel,” said Nelly. “We have seen each other for five or six years. Anytime you can connect with someone like this, it works in the long run. She is sweet, beautiful, and the more we have got to know each other, the more beautiful she is inside. “

The marriage is apparently very serious for Nelly, who mentioned to PEOPLE that he only wants to walk down the aisle once.

“The matter of marriage for me is… I take it very, very seriously. It’s something I only do once, ”he said. “To me, it’s almost like society would prefer you married and divorced and then try to be married and stay married. For me, dying married is more important than being married and it didn’t work out. I want to leave this place knowing that I was in love and someone loved me and we were together, and then I would say, ‘Well, I’ll never get married again and I’m ruined.’ “

Shantel dated Nelly for nearly seven years after she was previously engaged to boxer Floyd Mayweather. She stood next to Nelly after he was accused of rape in 2018, in which she was summoned to testify.

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Walmart requires staff to put on masks in shops in excessive threat international locations

People wearing protective masks shop at a Walmart store in Hallandale Beach, Florida on May 18, 2021.

Joe Raedle | Getty Images

Walmart said Friday it will begin requiring masks for store workers in high-risk countries in the US regardless of vaccine status and effective immediately, as set in the latest CDC rankings.

Buyers are strongly advised to wear masks in stores, but it is not required, the retailer said in a memo sent to staff.

Walmart said it will add signage near the entrances to its stores and warehouse clubs to remind customers of the CDC’s revised guidelines. From here, the company will review the business mask rules on a weekly basis.

On Tuesday, the Centers for Disease Control and Prevention issued a new recommendation calling for face masks to be worn in areas of the country where the Covid-19 virus is spreading fastest. That covers about two-thirds of all counties in the United States.

The decision came about two months after the CDC said in May that vaccinated people could do without masks. At this point, Walmart also discontinued the mask requirement for vaccinated workers and customers. The delta variant, however, pushed the cases up again and prompted the agency to reassess them.

Walmart also said the incentive for employees to get a Covid vaccine will be doubled to $ 150. Employees who have already received the $ 75 incentive will receive an additional $ 75 in their Aug. 19 paycheck, the company said on Friday.

Walmart will soon introduce a new vaccine status review process for US employees. It is planned to publish more details on this process in the future.

The big box retailer’s policy change comes just a day after Apple requires both vaccinated and unvaccinated customers and employees to wear masks in many of its stores in the United States.

Other retailers, including Macy’s and Gap, have told CNBC that they could review the new CDC guidelines and issue updated rules in the coming days.

Kroger grocery chain’s current policy requires unvaccinated workers to wear masks and requires unvaccinated customers to wear masks in stores, a spokesman said.

Publix Super Markets, which operates more than 1,100 stores primarily in the southeast, now requires its employees to wear masks at all locations regardless of their vaccination status.

The CDC’s turnaround has once again placed retailers in a difficult position. For consumers, country-specific regulations can be confusing, especially for those who have already been vaccinated and feel like they don’t need to put a mask back on. And last year, when large retail chains first introduced mask requirements, it was often branch employees who stopped monitoring bad behavior in stores.

The CDC has now warned House lawmakers that the Delta variant is as contagious as chickenpox, has a longer transmission window than the original Covid-19 strain, and can make the elderly sicker even if fully vaccinated.

“We know vaccinations are our solution to drive change,” Walmart said in the memo sent to all US employees. “We urge you to get vaccinated and we would like many more of you to be vaccinated.”

The company further emphasized that business travel should currently only be limited to “business-critical” travel.

Walmart is the largest retailer in the United States with approximately 4,700 US stores and the largest private employer with approximately 1.6 million US employees.

1000’s Rise Up And Present Up For Voting Rights Protest In Texas

Hundreds of marchers made their way to Austin, TX, on Saturday as thousands of people joined them at a protest for voting rights.

Video of the scene in the morning:

LOOK: Hundreds march in Austin, Texas over voting rights pic.twitter.com/IcJOc5p644

— Bloomberg Quicktake (@Quicktake) July 31, 2021

MSNBC reported that thousands of people would be joining them at a protest for voting rights that will be headlined by a performance from Willie Nelson:

NBC News reporters that hundreds are marching and thousands have shown up at a protest to protect voting rights in Austin, TX. pic.twitter.com/Pdn8kt2nzn

— Sarah Reese Jones (@PoliticusSarah) July 31, 2021

The People Want Their Voting Rights Protected

As President Biden, Speaker Pelosi, and Majority Leader Schumer are strategizing on how they can get voting rights protections through the Senate, the American people are demanding that their right to vote be protected from the ongoing state-level Republican voter suppression assault.

The odds are that if Senate Democrats can’t get a filibuster carve out for voting rights legislation, their next move will be to attach key voting rights protections to the infrastructure reconciliation bill.

Texans are looking at a GOP-led theft of their right to vote, and they are making their displeasure known.

The Senate must act to protect voting rights. People on the ground in Texas and all across the country demand it.

Mr. Easley is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association

Choose offers Trump time to problem tax return disclosure to Congress

President Donald Trump arrives for a photocall with sheriffs from across the country on the South Lawn of the White House in Washington.

Erin Scott | Reuters

WASHINGTON – A federal judge is giving former President Donald Trump time to challenge a Justice Department order that the IRS must file its income tax returns to Congress.

U.S. District Court Justice for the District of Columbia, Trevor McFadden, said Trump and his attorneys had until Wednesday to respond.

Neither Trump nor his lawyers have said whether they will challenge Friday’s order.

On Friday, the Justice Department announced that the former president’s tax returns must be passed by the IRS to Congress, a reversal of his position during the Trump administration.

The DOJ’s Office of Legal Counsel said in a 39-page statement that the Democrat-led House Ways and Means Committee had made a legitimate legislative motion to see Trump’s tax returns, with the stated aim of assessing how the IRS did the President of Tax Refunds.

Trump’s lawyers did not immediately respond to CNBC’s request for comment.

Friday’s ruling came more than a year after the US Supreme Court ruled that Trump’s tax returns had to be turned over to Manhattan District Attorney Cyrus Vance Jr. by his longtime accountants on a criminal investigation subpoena.

In July, the Trump organization and its chief financial officer, Allen Weisselberg, were indicted by Vance on crimes related to a “comprehensive and bold” plan since 2005 to avoid paying compensation taxes.

Trump, who broke decades of precedent set by candidates and former presidents by refusing to publish his income tax returns, repeatedly said his filings would be scrutinized by the IRS.

However, taxpayers are allowed to publicly publish their tax returns during the audit.

TikTok Star Anthony Barajas Lifeless at 19 After Film Theater Taking pictures

TikTok has lost a rising star.

Anthony Barajas, who accumulated almost a million followers on the social media platform, died after sustaining injuries from a recent movie theater shooting in California, the Corona Police Department confirmed—while also adding that a murder investigation is underway.

The internet personality passed away on Saturday, July 31 at the age of 19.

“The Corona Police Department has been notified that Anthony Barajas passed away early this morning,” the police department stated in a press release. “We extend our thoughts and condolences to his family and friends.”

On Tuesday, July 27, local law enforcement arrested Joseph Jimenez, 20, for his alleged involvement in the movie theater shooting in Corona, Calif.

Joseph was charged for murder, attempted murder and robbery, per a press release from the Corona Police Department at the time. In Saturday’s statement, authorities said they are “working with the Riverside County District Attorney’s Office to add an additional count of first-degree murder against Joseph Jimenez.”

Walmart company workers, managers have Covid vaccine by October

Doug McMillon, president and CEO of Walmart.

Adam Jeffery | CNBC

Walmart Chief Executive Doug McMillon said Friday the retailer’s corporate staff as well as its management-level employees must be vaccinated against Covid-19 by Oct. 4, according to a memo obtained by CNBC.

The mandate applies to all home office associates, in addition to market, regional and divisional employees who work in multiple facilities, the nation’s largest private employer said.

Walmart said it will continue to monitor the situation of the health crisis to determine if it needs to change its return to work plans. As of now, the company expects staffing to be near pre-pandemic levels shortly after Labor Day.

McMillon said the company has been using a phased approach to bring workers back, only allowing limited capacity for now.

“We want to get to a place where we can use our offices and be together safely,” he said in the memo. “It’s important for our business, our culture, our speed and our innovation.”

The notice came shortly after Walmart said it would begin requiring masks for store workers in high-risk counties in the U.S. — as determined by the latest Centers for Disease Control and Prevention rankings — regardless of vaccine status and effective immediately.

It has also doubled the incentive for staff in stores and warehouses to get a Covid vaccine, to $150. Employees who have already received the $75 incentive will receive another $75 in their paycheck dated Aug. 19, the company said Friday.

The CDC on Tuesday issued a fresh recommendation that calls for wearing face masks again in areas of the country where the Covid-19 virus is spreading the most rapidly. That covers about two-thirds of all counties in the U.S.

5 issues it is best to know earlier than the inventory market opens on Friday July 30th

Here are the key news, trends, and analysis investors need to start their trading day:

1. Stocks open lower but July is still looking for profits

Trader on the New York Stock Exchange, July 20, 2021.

Source: NYSE

Wall Street will open lower on the last day of trading in July as investors digest three Dow stock earnings reports and another measurement of inflation. Nasdaq futures were at the top, down more than 1% on Friday, as Amazon stock fell nearly 7% after its first drop in sales in the premarket in three years. The Dow Jones Industrial Average and S&P 500 hit all-time highs during Thursday’s trading, breaking two-day losing streaks. But they couldn’t beat Monday’s record deals. The Nasdaq rose modestly but closed about 0.4% off its most recent record high on Monday. All three stock benchmarks tracked solid monthly returns.

2. The Fed’s most popular inflation meter is slightly below estimates

A child walks past the Marriner S. Eccles Federal Reserve Board building on Constitution Avenue, NW, Monday, April 26, 2021.

Tom Williams | CQ Roll Call, Inc. | Getty Images

The Federal Reserve’s most popular inflation meter was slightly below expectations for June. The Department of Commerce’s most recent core consumer spending index rose 3.5% year-over-year, slightly above the May surge, which was the fastest pace since the early 1990s. At the close of its July meeting on Wednesday, the Fed noted “progress” on inflation and employment targets, which was seen as a signal that a change in easy money policy, particularly monthly bond purchases, might be imminent. Central bankers made no adjustments to asset purchases and interest rates close to zero.

3. Mixed stock reactions to the profits of Dow companies

On July 12, 2021 in San Francisco, California, Chevron and Shell gas stations display gasoline prices close to $ 5.00 per gallon.

Justin Sullivan | Getty Images

Dow stock Chevron just reported a second profitable quarter in a row as improved demand for petroleum products and a surge in oil prices fueled operations. The company has also resumed its share buyback program. The oil giant made an adjusted $ 1.71 per share on revenue of $ 37.6 billion, which beat both estimates. Before the IPO, the shares rose by around 1.5%. Exxon, no longer a Dow stock, also beat estimates for earnings and sales. The shares rose in the premarket.

Caterpillar Inc. excavators will be available for sale at the Whayne Supply Co. dealer in Louisville, Kentucky, USA on Monday, January 27, 2020.

Luke Sharrett | Bloomberg | Getty Images

Caterpillar, another Dow component, lost nearly 2.5% in the premarket on Friday, despite the heavy equipment maker saying it made an adjusted $ 2.60 per share on sales of nearly $ 12.9 billion have. The industrial group is benefiting from higher infrastructure spending around the globe.

Bottles of Tide laundry detergent, a Procter & Gamble product, will go on sale at a pharmacy in Los Angeles, California on July 30, 2020.

Mario Tama | Getty Images

Procter & Gamble beat estimates on Friday with quarterly earnings and revenues as consumers bought more premium health and personal care products. Dow shares rose 1% before the IPO. P&G reported earnings per share of $ 1.13 on sales of nearly $ 19 billion. However, the company warned that rising raw material costs could hurt earnings in the coming year.

4. Amazon posts another $ 100 billion quarter but still misses

Crates move on a conveyor belt at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, the United States, on Monday, June 21, 2021.

Rachel Jessen | Bloomberg | Getty Images

According to Amazon, revenue in the second quarter rose 27% year over year to more than $ 113 billion, the third straight quarter of $ 100 billion, but actually slower growth compared to the blistering 41% increase in the same period last year . The e-commerce and cloud giant reported earnings per share of $ 15.12 for the second quarter, beating expectations. Looking ahead, Amazon warned of lower sales and a lower growth rate for the third quarter. The forecast reflected similar warnings from Facebook and Apple this week that sales growth rates would slow from pandemic highs.

5. CDC is expected to publish data on new mask recommendations

U.S. President Joe Biden and Vice President Kamala Harris will receive an update on the fight against the coronavirus disease (COVID-19) pandemic during their visit to the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia on March 19, 2021.

Carlos Barria | Reuters

Unpublished CDC data, which formed the basis of the decision to re-recommend wearing masks indoors to fully vaccinated people in locations with high Covid transmission rates, is expected to be released on Friday, according to The Washington Post. The internal CDC document that the Post received shows that the Delta variant is as contagious as chickenpox. It also shows that vaccinated people who become infected with Delta can spread it just as easily as unvaccinated people. Members of Congress were briefed on the CDC data by director Rochelle Walensky on Thursday, the Post reported.

– Reuters contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

Shares that make the largest strikes at midday: Amazon, P&G, Caterpillar, extra

In this photo illustration, an Amazon logo is displayed on a smartphone with stock market percentages in the background.

SOPA pictures | LightRakete | Getty Images

Check out the companies that are making the headlines in midday trading.

Amazon – Amazon stocks fell 7.6% after the tech giant’s second-quarter report missed Wall Street’s sales estimates for the first time in three years. The company also gave poor guidance for the third quarter. However, according to Refinitiv, Amazon surpassed earnings, reporting earnings of $ 15.12 per share versus analysts’ expectations of $ 12.30 per share. The June quarter reflected the final full quarter of founder Jeff Bezos’ tenure as CEO.

Procter & Gamble – Shares in the consumer goods giant rose 2% after the company beat analysts’ expectations in its fourth quarter earnings report. P&G reported earnings of $ 1.13 per share on sales of $ 18.95 billion, while analysts expected earnings of $ 1.08 per share on sales of $ 18.41 billion . The company warned that pressures on raw material and freight costs could weigh on future profits.

Caterpillar – The industrial giant’s shares fell 2.7% even after the company reported better-than-expected earnings and sales in the second quarter. Caterpillar beat estimates by 20 cents with adjusted quarterly earnings of $ 2.60 per share, according to Refinitiv. The stock has already risen more than 12% this year.

Chevron, Exxon Mobil – Chevron and Exxon Mobil each reported quarterly earnings that exceeded analysts’ expectations, but their stocks fell. Chevron’s shares were down 0.8% and Exxon’s shares were down 2.3%.

Pinterest – The social media company’s shares fell 18.2% after Pinterest reported that the number of monthly active members shrank in the second quarter. Analysts from JPMorgan and Evercore ISI downgraded the stock after the report.

Robinhood – The shares of the newly public stock trading app ticked nearly 1% higher on its second day of trading on the Nasdaq. Robinhood lost nearly 8.4% on its IPO on Thursday after trading at the lower end of its range.

Ralph Lauren – Apparel retail stocks trended higher after US consumer spending rose 1% in June, more than expected. The latest University of Michigan consumer survey report also showed that consumer sentiment rose slightly in late July. Ralph Lauren’s stock gained approximately 3.2%. The shares of PVH – whose brands include Tommy Hilfiger and Calvin Klein – gained 1.1%, while shares of Gap and Under Armor also rose.

Capri Holdings – Capri Holdings’ shares rose 12.5% ​​after the company reported better-than-expected quarterly earnings. Capri, whose luxury brands include Michael Kors and Versace, earned an adjusted $ 1.42 per share last quarter, well above the consensus estimate of 80 cents. Sales also exceeded forecasts and Capri has raised its annual outlook for the second time this year.

Gilead Sciences – Gilead shares fell 2.2% after the biotech company’s quarterly earnings report was ahead of estimates. On Thursday, the company reported adjusted quarterly earnings of $ 1.87 per share, 14 cents above estimates. However, sales of Gilead’s flagship HIV drug declined 2% in the quarter.

Texas Roadhouse – Texas Roadhouse shares fell 6.6%, despite the restaurant chain beating estimates 9 cents with quarterly earnings of $ 1.08 per share. However, the company believes food costs will continue to rise. Texas Roadhouse reported profits on Thursday.

Restaurant Brands International – The fast food company’s shares rose 5.1% after reporting quarterly earnings of 77 per share, which, according to Refinitiv, beat Wall Street estimates by 16 cents. Burger King’s parent company said digital sales were up 60% from the same point in time a year ago and Popeyes was the only one of its three brands to report a drop in sales in the same store.

– CNBC’s Maggie Fitzgerald, Yun Li, Jesse Pound and Tanaya Macheel contributed to the coverage

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