Monday 07.24.17
"If you don't know about pain and trouble, you're in sad shape. They make you appreciate life." -Evel Knievel


Alphabet’s EU fine will overshadow its second quarter earnings  When Alphabet reports its second quarter earnings today, the elephant in the room will be the recent $2.7 billion fine from EU regulators. While the punishment may be a small bill for a google, it’s what the fine could mean for how Alphabet operates not just in Europe, but the U.S. that matters. Recode

Spotify, Warner hope to clinch royalty deal by September  Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said. Reuters

The world’s first crewless ship will launch next year  The world’s first crewless, automated ship will launch in 2018, and is expected to be fully autonomous by 2020. The Norwegian-built Yara Birkeland will use GPS, radar, cameras, and sensors to navigate itself around other boat traffic and dock on its own. It’s anticipated to cost around $25 million, which is about three times as much as a standard container ship of the same size. The Verge

Chainsaw attacker wounds five in Swiss town, police launch manhunt  A man armed with a chainsaw wounded at least five people, two of them seriously, on Monday in a small Swiss town that was then put into lockdown as police hunted for the suspect. Reuters

Lawyers Hope to Do to Opioid Makers What They Did to Big Tobacco  Mike Moore, the attorney who filed the first state lawsuit against tobacco companies is now a encouraging states to sue pharmaceutical companies, for misrepresenting the benefits and addiction risks of opioid painkillers. Wall Street Journal

Brooklyn Trial to Reveal Inner Workings of ‘Botnet’ Hackers  A landmark trial that starts today in which prosecutors are accusing Fabio Gasperini, a 34-year-old Italian information technology professional, of being the criminal mastermind behind a global network of computer servers infected with malicious software, known as a botnet. Wall Street Journal

Wells Fargo Accidentally Releases Trove of Data on Wealthy Clients  Wells Fargo accidentally sent 1.4 gigabytes of confidential files to the lawyers involved in a defamation lawsuit against the bank. The files included spreadsheets with customers’ names and Social Security numbers, paired with financial details like the size of their investment portfolios and the fees the bank charged them. New York Times

KKR nears deal to acquire WebMD  On Sunday, people familiar with the matter said that the private equity firm KKR is nearing an all-cash deal to acquire WebMD Health Corp, the U.S. online health publisher with a market capitalization of $2.1 billion. Reuters

  This Company Will Turn Your Favorite Song Into an Ink Splotch

Music is art, art is music. 
If you enjoy New Library, please share this link with your smart friends.

Got ideas, wanna chat, business stuff?: