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Amazon Says Pentagon's JEDI Award To Microsoft Was Based On Trump's Desire To 'Screw Amazon'
Tuesday, December 10, 2019 - 12:53pm | 442Improper pressure from President Donald Trump, who said he wanted to "screw Amazon," contributed to the decision to deny Amazon.com Inc.'s (NASDAQ: AMZN) Amazon Web Services a $10 billion defense contract, the company alleges in a newly unsealed complaint protesting the award. The...
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JEDI Mind Tricks: Esper Says Cloud Computing Contract Fair As Politics Cloud Efforts To Evaluate Amazon, Microsoft
Friday, November 15, 2019 - 6:01pm | 662The head of the Defense Department on Friday said there was no bias in the agency’s awarding of an enormous $10 billion cloud computing contract known as JEDI to Microsoft Corporation (NASDAQ: MSFT). But for investors and analysts trying to figure out which computing companies may have the...
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Report: Amazon Could Challenge Microsoft's Pentagon Contract Award
Tuesday, October 29, 2019 - 12:54am | 528Amazon.com, Inc. (NASDAQ: AMZN) is considering its legal options to protest the Pentagon's decision to grant a $10-billion cloud computing contract to Microsoft Corporation (NASDAQ: MSFT), Reuters reported Monday. What Happened The Department of Defense awarded the JEDI, or...
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Oracle Loses Legal Appeal Over $10B Government Cloud Contract
Friday, July 12, 2019 - 12:12pm | 374Tech giant Oracle Corporation (NYSE: ORCL) was eliminated from a contract with the U.S. government in April and has lost a legal challenge it mounted over the decision, Bloomberg reported Friday. The Pentagon eliminated Oracle from a four-way bidding process with a $10-billion cloud contract...
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YRC Freight, Others Ask Court To Dump Government Suit Over Alleged DoD Overcharges
Monday, February 25, 2019 - 1:22pm | 831DOJ has no case on alleged overcharges, YRC, Yellow, Roadway say (Photo:Jim Allen/FreightWaves) The federal government has failed to support its claim that less-than-truckload (LTL) carrier YRC Freight, as well as Yellow Transportation and Roadway Express deliberately overcharged the U.S....
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Lockheed And Boeing Earnings: Questions On China Trade, Defense Demand
Monday, January 28, 2019 - 2:18pm | 1294Whether it’s fair or not, shares of a few major U.S. multinational companies are often seen as bellwethers for the progress of U.S./China trade negotiations. Boeing Co (NYSE: BA)—which reports Q4 earnings before the market open on Wednesday and counts China among its major...
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As Pentagon Cloud Computing Bid Deadline Nears, Google Drops Out, IBM Protests
Thursday, October 18, 2018 - 10:21am | 565Earlier this year, the Department of Defense announced a winner-take-all competition in order to select a cloud computing company to host its sensitive information. Some of the initial contenders included Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), Oracle...
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Here's Why Nano Dimension Gained 115% Monday
Monday, June 11, 2018 - 10:43am | 343Shares of Nano Dimension (NASDAQ: NNDM) gained more than 100 percent in value Monday morning in reaction to an encouraging development with the Department of Defense and other federal agencies. What Happened Israel-based Nano Dimension said Monday that its American subsidiary achieved...
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FDA Clears New Drug Application For Pluristem's PLX-R18; What's Next?
Monday, April 30, 2018 - 2:46pm | 525Pluristem Therapeutics Inc. (NASDAQ: PSTI), which develops placenta-based cell therapy products, announced Monday that the FDA cleared an investigational new drug application for PLX-R18 cell therapy to treat acute radiation syndrome. Pluristem shares were rallying 7.26 percent Monday afternoon...
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How The US, China And Russia Are Moving Toward Weaponizing Artificial Intelligence
Thursday, August 10, 2017 - 11:16am | 1184A group of researchers are warning the world about weaponizing artificial intelligence and robotics, but that machine-learning genie may already be out of the bottle. There are clear signs that the United States is already engaged in an AI arms race with China and Russia to develop weapons systems...
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TransDigm Crushed After Rep. Khanna Calls For Fraud Investigation
Tuesday, March 21, 2017 - 3:25pm | 594Shares of aerospace components manufacturer TransDigm Group Incorporated (NYSE: TDG) were getting hammered on Tuesday afternoon after Representative Ro Khanna, a U.S. representative for California's 17th congressional district, requested an investigation into the company is launched. In a...
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Exclusive: AcelRx Pharma Execs Discuss Stock Performance, Catalysts And Financial Position
Thursday, February 16, 2017 - 1:16pm | 810AcelRx Pharmaceuticals Inc (NASDAQ: ACRX) is a micro-cap company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain in medically supervised settings. What’s particularly interesting here is that the development of its lead product...
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AcelRx: Replacing Morphine With Department Of Defense Funding
Wednesday, February 15, 2017 - 12:08pm | 1007AcelRx Pharmaceuticals Inc (NASDAQ: ACRX) is a micro-cap company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain in medically supervised settings. Benzinga recently learned that the U.S. Department of Defense (DoD) had funded the...
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Goldman Offers 3 Positives, 3 Negatives On Lockheed
Wednesday, August 24, 2016 - 11:48am | 389Goldman Sachs’ Noah Poponak views the defense sector as attractive and Lockheed Martin Corporation (NYSE: LMT) as “the bellwether and owns one of the Pentagon’s fastest growing programs in the F-35.” Poponak reinitiated coverage of the company with a Neutral rating and a...
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Goldman Sachs: CyberArk Could Be Getting More Government Support
Wednesday, March 30, 2016 - 10:47am | 282Cyberark Software Ltd (NASDAQ: CYBR) announced on March 29 that it has been awarded the “UC APL” (Unified Capabilities Approved Products List) certification by the Department of Defense (DoD). Goldman Sachs’ Gabriela Borges reiterated a Buy rating on the company, with a price...