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Intel to build $33-billion chip plant in Germany

BERLIN (AP) — Intel and the German government signed a deal Monday that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required. Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in Berlin. Intel acquired the land for two semiconductor facilities in Magdeburg in November. It says the first one is expected to start production in four or five years. "The investment in Germany means a ...

FDA advisers endorse updating COVID vaccines to target latest omicron strain

The COVID-19 vaccines are on track for a big recipe change this fall. Today’s vaccines still contain the original coronavirus strain, the one that started the pandemic — even though that was long ago supplanted by mutated versions as the virus rapidly evolves. Thursday, the Food and Drug Administration’s scientific advisers said the next round of shots in the U.S. should only include protection against the newest variants that are now dominant worldwide — a branch of the omicron family tree named XBB. The FDA will make the final decision. Vaccine makers said during the ...

Wall Street rises, and S&P 500 hits highest level in more than a year

NEW YORK (AP) — Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the S&P 500 to its highest level in more than a year. The benchmark index rose 40.07 points, or 0.9%, to 4,338.93 and its highest close since April 2022. The Dow Jones Industrial Average gained 189.55, or 0.6%, to 34,066.33, while the Nasdaq composite rallied 202.78, or 1.5%, to 13,461.92. The U.S. stock market has been cruising on hopes the economy may avoid a recession and the Federal Reserve may soon take it easier on its hikes to interest rates. Traders are betting the ...

Plane that crashed lost contact with air traffic controllers during ascent

Only minutes into a doomed journey that ended on a remote Virginia mountain, the pilot of a business jet was not responding to air traffic control instructions and the situation was soon reported to a network that includes military, security and law enforcement agencies, according to federal aviation officials. Despite being out of contact on its ascent Sunday afternoon, the jet that had just taken off from a Tennessee airport continued toward its intended destination on New York’s Long Island, then turned to fly back to Virginia where it slammed into a mountain, killing the four ...

Apple unveils sleek, $3,500 ‘Vision Pro’ goggles. Will they be what VR has been looking for?

CUPERTINO, Calif. (AP) — Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles — dubbed "Vision Pro" — at the the company's annual developers conference held on a park-like campus in Cupertino, California, that Apple's late co-founder Steve Jobs helped design. "This marks the beginning of a ...