China search leader Baidu (BIDU) has begun the rollout of indoor location services powered by indoor mapping provider IndoorAtlas to the 270 million monthly active users of its Baidu Maps service. IndoorAtlas had been in beta testing, with the company saying it can pinpoint a location inside a building within 6.5 feet. IndoorAtlas-developed software lets the compass contained in smartphones pinpoint a person’s indoor location by analyzing the
Tim Cook has roughly 3 billion reasons to make a big splash on Monday with Apple’s (AAPL) new subscription streaming music service. With iTunes store revenue growth stalling, he needs the acquisition of Beats Electronics to pay off. Apple paid $3 billion and change, its biggest acquisition ever, for Beats Electronics, a maker of high-end headphones, and Beats Music, an unproven subscription music service, in 2014. Apple appears to be racing to forge more deals with record labels before the curtain rises on the annual Worldwide Developers Conference (WWDC), slated for June 8 to 12 in San Francisco. Apple’s new streaming service will add more features and presumably content to Beats Music, which has about 300,000 paying subscribers vs. 15 million at Spotify. How big are the stakes for Apple and Cook, aside from his reputation as an M&A meister? Apple’s service business, which includes the iTunes online store, rose…
Speculation about the newest class of cholesterol drugs heated up Friday after the FDA released briefing documents for Tuesday’s advisory committee meeting on Praluent, the PCSK9 inhibitor from Regeneron Pharmaceuticals (REGN) and Sanofi (SNY). Nevertheless, Regeneron stock rose to an all-time high Friday for the second straight day. The documents framed the issues to ponder when the panel votes on whether to recommend approving the drug, advice