Yahoo and AOL will be merged into a new division called "Oath" once the Verizon deal closes, per sources who spoke to Business Insider.
The $4.83 billion deal, first announced in July 2016, is expected to close in the second quarter of 2017. An AOL spokesperson hinted to Business Insider that the new Yahoo-AOL division will be launching this summer: "In the summer of 2017, you can bet we will be launching one of the most disruptive brand companies in digital."
Why it matters: The Trump administration is making good on its promise to address fraud and abuse of the H-1B program by trying to weed out the employer applicants that rely heavily on temporary visas to fill their staffs. The newly-announced measures will hit hardest the India-based outsourcing companies that apply for large numbers of visas to help supplement IT departments at major U.S. corporations. These kinds of outsourcing firms caught Trump's ire on the campaign trail when companies such as Disney and Southern California Edison laid off workers and were said to replace them with foreign workers.
"The H-1B visa program should help U.S. companies recruit highly-skilled foreign nationals when there is a shortage of qualified workers in the country," said USCIS in a press release on Monday, when the lottery for H-1B visas was already underway. "Yet, too many American workers who are as qualified, willing, and deserving to work in these fields have been ignored or unfairly disadvantaged."
One-two punch: Over the weekend, USCIS quietly announced changes to the eligibility of some lower-level computer professionals, giving the agency more discretion to require additional proof that "computer programmers" are high-skilled and high-paid enough to qualify for the sought-after visas.
Odin Wave: The company was incorporated in 2012, and registered to an address in Berkeley, Calif. owned by Levandowski. In 2013, the company reportedly ordered a custom part from a vendor used by Google that was very similar to Google's. Google employees questioned Levandowski but he denied any involvement with the company.
Tyto Lidar: By Feb. 2014, Odin Wave merged with Tyto Lidar, a company developing LiDAR sensor modules and whose manager is friends with Levandowki. In spring 2015, Google started considering work with or acquiring Tyto given the overlap in technologies, with Levandowski participating in the process without disclosing his relation to the company. By May 18, 2016, Tyto merged with Otto, the self-driving car startup Levandowski had recently left Google to start.
Otto: Levandowski and one other unnamed employee abruptly resigned from Google on Jan. 27 and 13, 2016, respectively, and formed Otto. They had been aggressively courting other Google employees in prior months, and hosted two meetings at Levandowski's home to convince them to join Otto that month. Google believes they hid their plans to form a competing company during their exit interviews. Google also believes Levandowski, who began plotting to leave in mid-2015, waited until he could collect the final payment of the $120 million for his work at Google.
What's next: Uber is still hoping to move the lawsuit to private arbitration, citing the arbitration clause in Levandowski's employment contract.
The latest idea for bringing Trumpcare back to life offers a compromise to the Freedom Caucus: Rather than rolling back Obamacare's insurance regulations in the bill, Republicans would give Health and Human Services secretary Tom Price the power to let states do it. The idea, according to a congressional aide familiar with the plan, is to expand Price's authority so he can grant waivers to let states knock out some of the regulations the conservatives consider the most expensive.
The likely targets: The "essential health benefit" requirements, which define 10 categories of services insurers have to cover, and the "community rating" provision, which prevents insurers from charging higher rates to sick people. White House officials are hoping to finalize the text tonight.
Between the lines: The new approach is the reason White House officials and congressional Republicans are getting more hopeful about a breakthrough, although there's still a long way to go and they'd have to be sure the compromise actually picks up new Freedom Caucus votes. They also have to make sure it doesn't scare away moderates. Vice President Mike Pence is scheduled to meet with members of the moderate Tuesday Group this afternoon at 4 pm.
Why does the white cockatoo on the right in @steveosideways' weekend video sensation preen and bounce around to Elvis Presley's "Don't be Cruel" while his partner on the left is unmoved (other than a brief, seemingly affectionate touch halfway through)? White cockatoos are monogamous and pair up for life, and they can grow bored unless their human owners amuse them.
And the Elvis look for the parrot on the right? Male cockatoos extend their head crest feathers when they're surprised by loud sounds (like guitar twangs). But it's also a ritual to get a mate's attention. Sometimes it works. Other times, he dances to his own beat.
The Senate Judiciary Committee cleared Trump's Supreme Court nominee Neil Gorsuch with a vote of 11-9, sending him to the full Senate for a vote later this week.
New cars packed with high-tech safety gear designed to help prevent crashes are leading to soaring insurance costs, the Wall Street Journal found. Safety features, such as built-in braking systems and tech that prevents drivers from drifting out of lanes, are becoming increasingly available, but as the WSJ notes, "progress comes with a price":
- "Enabling the safety tech are cameras, sensors, microprocessors and other hardware whose repair costs can be more than five times that of conventional parts. And the equipment is often located in bumpers, fenders and external mirrors—the very spots that tend to get hit in a crash."
- Only a fraction of buyers are currently opting for the new tech, "as a result, replacement parts are disproportionately expensive… Insurance companies, unwilling to shoulder all the pain, are passing some of the cost off to buyers."
Why this matters: High-tech cars could make driving conditions safer, but as of now, the costs of repairs are not outweighing the benefits of their potential safety protections for insurance companies. Some insurers estimate 25% to 50% of all vehicles will have to integrate the new tech before accident rates decline enough to offset higher repair costs.
Mark Rosekind, the former head of the U.S. National Highway Traffic Safety Administration, has joined Zoox, a secretive Silicon Valley startup building a fully self-driving car, according to Reuters. He will be its chief safety innovation officer.
Zoox, which has raised more than $200 million in funding, will undoubtedly benefit from having Rosekind's expertise in transportation regulation given its lofty ambition of rolling out self-driving cars that won't even require passengers to pay attention.
NHTSA diaspora: Rosekind isn't the first former NHTSA regulator to join the auto industry—in January, the agency's chief counsel, Paul Hemmersbaugh, joined General Motors. Additionally, Hemmersbaugh's predecessor, Kevin Vincent, joined Faraday Future in 2015, while Alphabet's Waymo has hired several NHTSA officials as consultants or employees, according to Reuters.
Chris Coons announced during the Senate Judiciary Committee's vote on Trump's Supreme Court nominee Neil Gorsuch he intends to vote "no" on Gorsuch later this week, securing the 41-vote threshold to filibuster.
As Lindsay Graham told the committee earlier today, if the Democrats filibuster, the Republicans will "go nuclear" and force Gorsuch through with a simple majority, changing Senate rules in the process.