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Alphabet to start testing drones in the US, Saatchi chairman resigns, and more news.

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Alphabet
Has gotten permission from the FAA to start drone testing in the US, on one of six approved sites. The compromise? Alphabet needs to share data from its 'Project Wing' research with the government.

Bitcoin
Plunged after Hong Kong-based exchange Bitfinex announced that it had been hacked. The currency's value dropped as much as 20% on the news that 119,756 Bitcoins (about $65 - $72M, before and after the currency drop) were stolen.

China
Companies are sitting on a cash mountain totaling $1.2 trillion — and that doesn't even include brokerages and banks. That is an 18% increase in the latest quarter, the biggest jump in six years.

Saatchi & Saatchi
Chairman Kevin Roberts has resigned after controversial remarks about gender diversity in the advertising industry. The move comes days after he was placed on a leave of absence from Publicis Groupe.

Quote
"They truly live in another reality if they think this will be enough to save the company."
Paul Reynolds, Technologist, on Theranos


Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo

Published in: News & Politics
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