"Steve Saleen claims that China has stolen 40 years' worth of intellectual property from him in launching the Saleen brand in China," reports the site Carscoops.

More information from the Los Angeles Times: Saleen's Chinese backers have accused his business partner of fraud and embezzlement and taken over the company, freezing its accounts and forcing hundreds of employees out of work. Police raided the sprawling new factory emblazoned with Saleen's name. Two senior executives were detained, and a court order sealed its Shanghai showroom... "What I'm trying to do is to bring to light how American companies will contribute IP, brands and knowhow to the China market — and overnight they will change direction, kick you out and keep the IP," Saleen said...

Whatever the outcome, Saleen's bid to bring his high-powered cars to China has crashed, leaving the 71-year-old filled with regret. "When it came to taking my brand on a global basis, it really seemed to offer me an opportunity that I could not refuse," Saleen said. "In hindsight I realize the deal was too good to be true...." Saleen said his experience should convince Washington to enact tougher protections for U.S. investors, deny Chinese firms that steal trade secrets access to capital markets and prohibit the use of Chinese asset valuations that could be subject to manipulation.
Carscoops has some more background: Writing in The Wall Street Journal, Saleen claims "the deal was a sham." According to the racing legend, the joint venture applied for 510 Chinese patents based on his designs, technologies, trade secrets and engineering developments. He adds that most of these patent filings didn't list him as an inventor. The company, known as Jiangsu Saleen Automotive Technologies (JSAT), unveiled a range of models 12 months ago.

Saleen asserts that the government of Rugao is attempting to take over the joint venture now that it has his intellectual property and patents. He claims that the director of corporate affairs for JSAT, Grace Yin Xu, has been missing since June 22 when she entered a government building shortly after refusing to lie to local law enforcement who wanted her to state Saleen's business partner had provided false information and embezzled money. In addition, the company's vice president of manufacturing, Frank Sterzer, was allegedly detained for six hours by the authorities.

In his op-ed, Saleen states that "China can no longer go unchecked", citing a 2019 survey that 20 per cent of North American corporations say the People's Republic has stolen their intellectual property in the past year.

A reporter for Medium's tech site OneZero recently spotted an especially bizarre ad on Instagram: The ad features a GIF of a person wearing a Fitbit-style wristband, with the text "Eliminate Cravings." Across the frame from their hand sits a giant slice of cake. As the person reaches towards the cake, the wristband turns red and zaps them with electricity. You can tell it's zapping them because the whole frame vibrates, and little lightning bolts shoot out of the wristband, like in an old-school Batman movie. All that's missing is an animated "POW!"

At first, I thought it must be either a joke or a metaphor...

Nope. It turns out the Pavlok is exactly what the ad suggests: a Bluetooth-connected, wearable wristband that uses accelerometers, a connected app, and a "snap circuit" to shock its users with 450 volts of electricity when they do something undesirable. The device costs $149.99 and is available on Amazon. The company says it has over 100,000 customers who use the device to help kill food cravings, quit smoking, and to stop touching their face... I immediately saw two fundamental truths at the exact same time. Firstly, the mere existence of an automated self-flagellation wristband is proof that we've reached Peak Wearables. And second, this is the perfect device for Our Times...

Pavlok's founder says he came up with the idea for the company after paying an assistant to slap him every time he went on Facebook.... Through a Chrome extension, it can also (Doom scrollers rejoice) automatically punish actions like spending too much time on Facebook, Twitter, and other potentially time-wasting websites. It can zap you when you open too many Chrome tabs — a use case I'd love to recommend to several programmer friends... But perhaps the most relevant feature for today's world is the ability to program the device to shock you every time you touch your face. This is something which humans do alarmingly often — up to 16 times per hour. The practice has been implicated in spreading coronavirus, or at least contaminating face masks and leading to wasted PPE...

Pavlok may sound bizarre, but it's just the logical extension of an overall trend toward using tech to tweak and prod our brains into new ways of thinking... Pavlok acts as the metaphorical stick to these apps' carrots, giving you the option to beat your brain into submission instead of just tweaking it.
In 2016 Mark Cuban called Pavlok "everything but a legitimate product" in what was probably one of the least-success Shark Tank appearances ever. But Medium's reporter seems convinced it's the appropriate response to this moment in time. "I only need to look at Twitter to feel that I'm being jolted awake with a powerful electrical shock...

"The real thing feels kind of appropriate."

Apple won't allow Microsoft xCloud or Google Stadia on iOS because of strict App Store guidelines that make cloud services effectively impossible to operate on the iPhone. In a statement to Business Insider, Apple finally came out and explained why these cloud services cannot exist on its platform. The Verge reports: The primary reason: they offer access to apps Apple can't individually review. Here's the official Apple statement: "The App Store was created to be a safe and trusted place for customers to discover and download apps, and a great business opportunity for all developers. Before they go on our store, all apps are reviewed against the same set of guidelines that are intended to protect customers and provide a fair and level playing field to developers.

Our customers enjoy great apps and games from millions of developers, and gaming services can absolutely launch on the App Store as long as they follow the same set of guidelines applicable to all developers, including submitting games individually for review, and appearing in charts and search. In addition to the App Store, developers can choose to reach all iPhone and iPad users over the web through Safari and other browsers on the App Store." In other words, unless it's a full remote desktop app, a cloud gaming service is not allowed as these guidelines are written today -- even though very narrowly tailored LAN services like Steam Link and Sony's PS4 Remote Play are.

Google and Microsoft probably don't want to offer signup options within the apps themselves because that would mean giving Apple a 30 percent cut of subscription revenue, but apps without "account creation" options violate section (c). Abiding by section (a) is also impossible considering these cloud servers on which the games are running are not owned by and located in the homes of consumers, but placed in data centers far away. And section (e) just flat out says this type of thing -- a "thin client for cloud-based app" -- can't exist in the App Store at all; it's not "appropriate," Apple says. [...] What does all this mean? Well, for now, iOS users are going to be missing out on the mobile-centric cloud gaming wave that's set to arrive with xCloud's launch. There is conceivably a way Google, Microsoft, and Nvidia could find ways around this by changing the core functionality of their respective apps.

The game Stet!, a spinoff of the book "Dreyer's English," is an excellent way to prepare for a copy-editing test and pairs well with a gin-and-tonic. Mary Norris, writing for The New Yorker: Nerdsday fell on a Tuesday this year, and I invited a friend over for a doubleheader: a round of Stet!, the new language game based on "Dreyer's English," followed by an episode of Mark Allen's "That Word Chat," a homespun Zoom talk show for editors, lexicographers, linguists, and others of the inky tribe. My friend was Merrill Perlman, who writes the column "Language Corner" for the Columbia Journalism Review, where her biographical note says that she has "managed copy desks across the newsroom at the New York Times." Although retired from full-time journalism, she continues to teach and serves on the board of ACES: The Society for Editing. Nitpickers by profession, we ran into a problem right away. The instructions for Stet! suggest that you "play with three or more players" (is that redundant?), and we had been unable, during the pandemic, to scare up a third nerd. The game of Stet! comprises two packs of cards with sentences on them, fifty of them Grammar cards with indisputable errors (dangling modifiers, stinking apostrophes, and homonyms, like horde/hoard and reign/rein) and fifty of them Style cards, on which the sentences are correct but pedestrian, and the object is to improve the sentence without rewriting it. There are trick cards with no mistakes on them. You might suspect that there is something wrong with (spoiler alert) "Jackson Pollock" or "asafetida" or "farmers market," but these are red herrings.

If you believe that the sentence is perfect just as it is, you shout "Stet!," the proofreading term for "leave it alone" (from the Latin for "let it stand"), which is used by copy editors to protect an author's prose and by authors to protect their prose from copy editors. The game involves some role playing. If you use only the Grammar cards, the dealer is called the Copy Chief, as in "The Copy Chief shuffles the fifty Grammar cards." If you mix in the Style cards, the dealer is the Author, the players are Copy Editors (you can almost hear an author muttering, "Everyone is a copy editor"), and the deck is huge. I got the impression from the size of the cards, which are bigger than those in a tarot pack, that authors and copy editors have large, masculine hands. I personally wear a small-to-medium-sized disposable nitrile glove and could not riffle the deck with any kind of flair (or is it "flare"?). The sporting element in Stet! is slapping your hand on the carefully sanitized table when you spot the mistake or mistakes. Points are awarded based on the number of errors planted in a sentence. Most have just one, some have two, and there are a few three-pointers. Penalties are assessed for missing mistakes, but none for introducing an error, a cardinal sin in copy editing. (Perhaps the instructions could be refined to add a slap on the hand for this.) It takes five points to win a game, and the game goes fast. I won the first round handily, mostly because my opponent, the Copy Chief, kept forgetting to slap.

InfoWorld's senior writer calls Python a "living language," citing its recent addition of the "walrus operator" for in-line assignments and the newly-approved pattern matching.

"And they're only two of a slew of useful features that could be added to Python to make the language more expressive, more powerful, more suited to the modern programming world. What else might we wish for?" True constants - Python doesn't really have the concept of a constant value... [E]very time a name is used, Python goes to the trouble of looking up what object it's pointing at. This dynamism is one of the chief reasons Python runs more slowly than some other languages. Python's dynamism offers great flexibility and convenience, but it comes at the cost of runtime performance. One advantage of having true constant declarations in Python would be some reduction in the frequency of object lookups that take place during runtime, and thus better performance. If the runtime knows ahead of time that a given value never changes, it doesn't have to look up its bindings...

True overloading and generics - In many languages, multiple versions of the same function can be written to work with different kinds of input... PEP 3124, advanced in April 2007, proposed a mechanism for decorating functions to indicate they could be overloaded. The proposal was deferred rather than being rejected outright — meaning the idea was fundamentally sound, but the time wasn't right to implement it. One factor that might speed the adoption of overloading in Python — or cause the idea to be ditched entirely — is the implementation of the newly proposed pattern matching system.

In theory, pattern matching could be used under the hood to handle overload dispatch. However, pattern matching could also be given as a rationale for not implementing generics in Python, since it already provides an elegant way to dispatch operations based on type signatures. So we might get true overloading in Python one day, or its advantages might be superseded by other mechanisms.
The article lists two more features Python "probably won't get" — starting with multiline lambdas (anonymous functions). Guido van Rossum had argued in 2006 he couldn't find an acceptable syntax, and the article argues "there is probably no way to do it that doesn't involve creating a special case." And it argues the final missing feature is tail recursion optimizations, "where functions that call themselves don't create new stack frames in the application, and thus risk blowing up the stack if they run for too long.

"Python doesn't do this, and in fact its creators have consistently come out against doing so."

At Microsoft's Ignite conference in late 2019, the company said it was planning to shut down its standalone Cortana mobile apps as it refocuses on business users. Microsoft today is following through with that plan, announcing that it will shut down the current Cortana iOS and Android apps, end Cortana support for the Harman Kardon Invoke smart speaker, and remove the original Cortana functionality from the first-generation Surface Headphones starting in 2021. The Verge reports: These changes are still a few months away, but it marks another big step for Microsoft in pivoting Cortana away from a Google Assistant or Alexa alternative to a more specialized, productivity-focused assistant -- changes the company has already started making on the Windows 10 version of Cortana earlier this year. (To that end, Microsoft also put a September 7th date on the already-announced sunsetting of third-party Cortana skills for Windows.) Instead, Microsoft will be focusing on its productivity features that repurpose Cortana as a part of the Microsoft 365 suite of software, citing the revamped Windows 10 functions and integrated Cortana features in the Outlook and Teams apps as replacements. It's not as full-featured as the original Cortana -- which offered additional functions like smart home controls and music integration -- but by offering a less broad set of features, Microsoft is hoping to create a product that better complements its existing software and competes less directly with established players like Google and Amazon.

Microsoft is also offering a consolation offer of a $50 gift card for Harman Kardon Invoke owners, who'll be most impacted by the removal of Cortana -- which effectively will turn the formerly smart device into a pricey Bluetooth speaker when the firmware update arrives next year. Owners of the original Surface Headphones (who will also see their Cortana experience removed) are also being offered a $25 gift card to make up for the missing service.

IEEE Spectrum's August issue will include an article titled "The Top Programming Languages."

Calculated using metrics from 11 online sources, it concludes that "One thing remains constant: the dominance of Python." Our default ranking is weighted toward the interests of an IEEE member, and looking at the top entries, we see that Python has held onto its comfortable lead, with Java and C once again coming in second and third place, respectively. Arduino has seen a big jump, rising from 11th place to seventh. (Purists may argue that Arduino is not a language but rather a hardware platform that is programmed using a derivative of Wiring, which itself is derived from C/C++. But we have always taken a very pragmatic approach to our definition of "programming language," and the reality is that when people are looking to use an Arduino-compatible microcontroller, they typically search for "Arduino code" or buy books about "Arduino programming," not "Wiring code" or "C programming.")

One interpretation of Python's high ranking is that its metrics are inflated by its increasing use as a teaching language: Students are simply asking and searching for the answers to the same elementary questions over and over. There's an historical parallel here. In the 1980s, BASIC was very visible... But few professional programmers used it, and when the home computer bubble burst, so did BASIC's, although some advanced descendants like Microsoft Visual Basic are still relatively popular professionally.

There are two counterarguments, though: The first is that students are people, too! If we pay attention only to what professional and expert coders do, we're at risk of missing an important part of the picture. The second is that, unlike BASIC, Python is frequently used professionally and in high-profile realms, such as machine learning, thanks to its enormous collection of high quality, specialized libraries.
C++ came in fourth, followed by JavaScript, R, "Arduino," Go, Swift, and Matlab.

But because different programmers have different needs, they've also created a special interactive version of their rankings online, "allowing you to weight the metrics as you see fit... "

An anonymous reader quotes a report from Motherboard: The fugitive executive of the embattled payment startup Wirecard was mentioned in a brazen and bizarre attempt to purchase hacking tools and surveillance technology from an Italian company in 2013, an investigation by Motherboard and the German weekly Der Spiegel found. Jan Marsalek, a 40-year-old Austrian who until recently was the chief operating officer of the rising fintech company Wirecard, seems to have taken a meeting with the infamous Italian surveillance technology provider Hacking Team in 2013. At the time, Marsalek is described as an official representative of the government of Grenada, a small Caribbean island of around 100,000 people, in a letter that bears the letterhead of the Grenada government. The documents were included in a cache published after Hacking Team was hacked in 2015. In recent days, Marsalek has been described as the 'world's most wanted man.'

It is unclear from the documents alone whether Marsalek played any role in the attempt to procure hacking tools, or whether his name was simply used. However, months before Marsalek appears to have contacted with Hacking Team, several websites with official sounding names such as StateOfGrenada.org were registered under the name of Jan Marsalek, as Der Spiegel reported last week. Some of the sites were registered with Marsalek's phone number and his Munich address at the time, and the servers were apparently operated from Germany. Wirecard provided digital payment services and was considered one of the most important companies in the financial tech industry. Wirecard offered a mobile payment app called Boon, which was essentially a virtual MasterCard card, it also offered a prepaid debit card called mycard2go, and worked with companies such as KLM, Rakuten, and Qatar Airways to manage their online transactions. The company suddenly collapsed in June after German regulators raided its headquarters as part of an investigation into fraudulent stock price manipulation and 1.9 billion euros that are missing from the company's books. Marsalek is now a fugitive and a key suspect in the German investigation. He reportedly fled to Belarus, and is now hiding in Russia under the protection of the FSB, according to German news reports. In the past, he was involved in other strange dealings: he bragged about an attempt to recruit 15,000 Libyan militiamen, and about a trip to Syria along with Russian military, according to the Financial Times.

Today I learned that Microsoft "has been providing support for the development and building of the PHP programming language on Windows," according to Bleeping Computer. "This support includes developing security patches for PHP and creating native Windows builds."

But that's going to change: Microsoft has announced that it will not offer support in 'any capacity' for PHP for Windows 8.0 when it is released... To add some clarity to Microsoft PHP Windows Lead Dale Hirt's post, PHP Release Manager Sara Golemon posted to Reddit explaining that this does not mean PHP 8.0 will not be supported in Windows. It just means that Microsoft will not be the one building and supporting it. "For some possibly missing context, Microsoft runs https://windows.php.net and produces all the official builds of PHP for Windows... This message means Microsoft aren't going to produce official builds for PHP 8 onwards. This message does NOT mean that nobody will."

Microsoft has not stated why they will no longer support PHP 8.0, but it could be due to the extensive PHP support already existing in the Windows Subsystem for Linux (WSL). Microsoft has been actively developing WSL, which allows users to install various Linux distributions that run directly in Windows 10.

As these distributions already support PHP 7.4 and will support PHP 8.0 when released, Microsoft may see it as unnecessary to continue supporting a native PHP build in Windows.

An anonymous reader quotes Forbes: Conventional theory has it that Planet 9 — our outer solar system's hypothetical 9th planet — is merely a heretofore undetected planet, likely captured by our solar system at some point over its 4.6 billion year history. But Harvard University astronomers now raise the possibility that orbital evidence for Planet 9 could possibly be the result of a missing link in the decades-long puzzle of dark matter. That is, a hypothetical primordial black hole with a horizon size no larger than a grapefruit, and with a mass 5 to 10 times that of Earth.

In a paper accepted for publication in The Astrophysical Journal Letters, the co-authors argue that observed clustering of extreme trans-Neptunian objects suggest some sort of massive super-earth type body lying on the outer fringes of our solar system. Perhaps as much as 800 astronomical units (Earth-Sun distances) out...

If they exist, such primordial black holes would require new physics and go a long way towards solving the mystery of the universe's missing mass, or dark matter.
Their argument also constitutes a "new method to search for black holes in the outer solar system based on flares that result from the disruption of intercepted comets," according to a statement from the Harvard-Smithsonian Center for Astrophysics. The paper was co-authored by Avi Loeb, chair of Harvard's astronomy department, who points out that "Because black holes are intrinsically dark, the radiation that matter emits on its way to the mouth of the black hole is our only way to illuminate this dark environment."

And in an explanatory video, Mike Brown, a planetary astronomy professor at CalTech, suggests another way it could be significant. "All those people who are mad that Pluto is no longer a planet can be thrilled to know that there is a real planet out there still to be found."

Google announced that Android is seeing the fastest adoption rates of any version of Android. The Verge reports: According to Google, Android 10 was installed on 100 million devices five months after its launch in September 2019 â" 28 percent faster than it took the company to reach a similar milestone for Android Pie. Google credits the faster adoption rate to improvements the company has been making over the years, like Android Oreo's Project Treble and Android 10's Project Mainline, which makes it easier for hardware companies to create new updates.

But while those numbers are impressive, Google's post is notably missing some crucial information, like what percentage of Android devices are running Android 10 -- a number that's sure to be lower than Google would like. In fact, Google has effectively stopped publishing the breakdown percentage of which Android devices are running which version of Android entirely, following a similar announcement last August that looked back at Android 9 Pie adoption rates. (At the time, Android Pie had been installed on 22.6 percent of Android devices ahead of the release of Android 10.)

Doctors may be missing signs of serious and potentially fatal brain disorders triggered by coronavirus, as they emerge in mildly affected or recovering patients, scientists have warned. From a report: Neurologists are on Wednesday publishing details of more than 40 UK Covid-19 patients whose complications ranged from brain inflammation and delirium to nerve damage and stroke. In some cases, the neurological problem was the patient's first and main symptom. The cases, published in the journal Brain, revealed a rise in a life-threatening condition called acute disseminated encephalomyelitis (Adem), as the first wave of infections swept through Britain. At UCL's Institute of Neurology, Adem cases rose from one a month before the pandemic to two or three per week in April and May. One woman, who was 59, died of the complication. A dozen patients had inflammation of the central nervous system, 10 had brain disease with delirium or psychosis, eight had strokes and a further eight had peripheral nerve problems, mostly diagnosed as Guillain-Barre syndrome, an immune reaction that attacks the nerves and causes paralysis. It is fatal in 5% of cases.

A team of astronomers has discovered what they think are the rocky innards of a giant planet that's missing its thick atmosphere. Their findings have been published in the journal Nature. The BBC reports: Its radius is about three-and-a-half times larger than Earth's but the planet is around 39 times more massive. In this size range, the planet would be expected to have a significant component that's gas. Yet it has a density similar to Earth, appearing to be mostly rocky. The object, called TOI 849 b, was found circling a star much like the Sun that's located 730 light-years away. The core orbits so close to its parent star that a year is a mere 18 hours and its surface temperature is around 1,527C. Researchers aren't sure whether the core lost its atmosphere in a collision or just never developed one.

If it was once similar to Jupiter, there are several ways it could have lost its gaseous envelope. These could include tidal disruption, where the planet is ripped apart from orbiting too close to its star, or even a collision with another planet late in its formation. If it's a "failed" gas giant, this could have occurred if there was a gap in the disc of gas and dust that it emerged from, or if it formed late, after the disc ran out of material.

On Tuesday, Google's YouTube TV announced a monthly $15 price hike, bringing its streaming package of channels to $64.99 monthly, from $49.99. "YouTube TV is now the most expensive of the cable TV streaming alternative services," notes USA Today. "When YouTube TV launched in 2017, it was $35." From the report: In a company blog post, YouTube defended its decision by announcing the availability of additional channels from Viacom, including MTV and Nickelodeon. The move is effective Tuesday for new members, while existing subscribers will see their rates rise after July 30. "This new price reflects the rising cost of content and we also believe it reflects the complete value of YouTube TV, from our breadth of content to the features that are changing how we watch live TV," YouTube said.

AT&T Now recently lowered pricing to $55 monthly, while Hulu with Live TV is $54.99. Sling TV is the lowest priced of the cable TV alternatives, at $30 monthly for the Orange or Blue packages, or $45 for both. However, Sling doesn't carry all the local broadcast stations in each market, so check your local listings. Philo is even cheaper, at $20 monthly, but is missing news and sports channels. A 2019 study by Consumer Reports found the average cable TV bill is $217.42 monthly.

Smartphone apps meant to track where people have traveled or whom they have been near are mostly buggy, little-used or not ready for major rollouts, raising concerns as restrictions lift and infections rise. From a report: Local officials in Teton County, Wyo., home to Yellowstone National Park and resort town Jackson Hole, want to prevent a new wave of coronavirus cases as the area reopens. They decided to lean on technology. The county signed up for a location-tracking app developed at the Massachusetts Institute of Technology to help accelerate contact tracing, the process of notifying and isolating people who might have been exposed to the virus. But as tourists stream into Yellowstone -- rangers spotted license plates from 41 states the day it reopened in mid-May -- the app isn't ready. It can't accurately track location, it's missing key features and its developers have struggled to protect sensitive user data. U.S. states and counties are placing great faith in contact tracing, in tandem with aggressive testing, as they reopen their economies. Pressure has increased as coronavirus infections rise in many states, including Arizona, Texas and Florida.

The quick spread of the coronavirus makes it hard for human contact tracers to keep up, so authorities are turning to smartphone technologies to help track where people have traveled or whom they have been near. What is emerging across the country so far, however, is a patchwork of buggy or little-used apps, made by partners ranging from startups on shoestring budgets to academics to consulting firms. Some are working with location-tracking firms that have been under fire from privacy advocates. None appears ready for a major rollout, even as more local governments ease restrictions. Utah signed a deal worth more than $6 million with a firm backed by the family of billionaire Nelson Peltz and other investors. Rhode Island hired Indian software company Infosys to build its app free. North Dakota's governor turned to an old friend who had built an app for a college football team in 2013. Apple and Alphabet's Google deployed technology that at least five U.S. states agreed to adopt, but integrating it into smartphone apps takes time and comes with significant trade-offs. Some local health departments aren't keen on privacy restrictions in the Apple-Google protocol that limit information they can collect. Others had already sunk money into Covid apps before the tech giants arrived on the scene.

Wirecard said on Monday that 1.9 billion euros ($2.1 billion) missing from its accounts was likely never there and it was looking at the sale or closure of parts of its business as it sought to avert a looming cash crunch. From a report: The former German stock market darling, which processes payments for companies including Visa and Mastercard, has seen billions of euros wiped off its value in recent days and began trading in Frankfurt down 40%. Wirecard is scrambling to shore up its finances and has appointed investment bank Houlihan Lokey as it seeks a deal with creditors, after seeing its credit rating slashed to junk by rating agency Moody's on Friday. In a statement on Monday, Wirecard also withdrew financial statements for 2019 and said it was examining cost cuts to address the crisis which has engulfed what was once hailed as a relatively rare success story for the German technology sector. "The Management Board of Wirecard assesses ... that there is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion EUR do not exist," it said.

Wirecard CEO Markus Braun has stepped down amid a deepening accounting scandal that has rocked the company's share price. From a report: The German payments firm said in a brief statement Friday that Braun had resigned "with immediate effect" and that James Freis would take his place as interim CEO. It comes just one day after Wirecard admitted that auditors at EY couldn't find 1.9 billion euros ($2.1 billion) of cash on its balance sheet. The firm was forced to postpone its 2019 annual report -- the fourth time it has done so this year. It also warned on Thursday that, if it did not provide consolidated financials by Friday, approximately 2 billion in loans could be called in. There are fears the company could go insolvent by the weekend. Shares of the firm have collapsed in recent days. On Thursday, Wirecard stock plummeted more than 60%, while on Friday they fell as much as 45%. Wirecard shares pared some of their losses shortly after Braun's resignation was confirmed, but remained over 34% lower for the session.

Wirecard was engulfed in a deepening crisis on Thursday after a warning from the German payments group that $2.1 billion of cash was missing [Editor's note: the link may be paywalled; alternative source] sent its shares crashing. From a report: The company was told by EY that there were indications a trustee of Wirecard bank accounts had attempted "to deceive the auditor" and that "spurious cash balances" might have been provided to EY by a third party. The disclosure left Wirecard unable to release its 2019 results as it had promised to do on Thursday and gives banks the option of terminating $2.2 billion of loans unless they are published by Friday June 19. In a statement Wirecard said it was "working intensively together with the auditor towards a clarification of the situation." The revelation caps a tumultuous period for Wirecard, a company long regarded as a great hope for Germany's tech sector but one that has spent the past 18 months battling to allay concerns over its accounting. Investors' enthusiasm for the company, whose aggressive expansion was masterminded by Markus Braun, its chief executive and largest shareholder, catapulted it into Germany's prestigious Dax 30 index two years ago with a market value of $27 billion. It slumped to less than $5.6 billion on Thursday as its shares plunged almost 70%

An anonymous reader shares a report: After half an hour of promotional videos and big promises, Nikola's 13-foot-tall prototype parked atop a rotating stage began to spin. The dramatic music reached a crescendo, lights flicked on and a partially translucent white sheet lifted off the Nikola One. Founder Trevor Milton walked up to applause, put his hands on his side and admired the big rig. "Oh, that thing is so awesome," he said. "We've been waiting so long to show this to the world, you have no idea. It's hard to even contain my emotion about this." Milton then made several comments to the crowd at the December 2016 event suggesting the Nikola One was driveable. The statements alarmed people familiar with the truck's capability, who told Bloomberg News recently that it was inoperable and missing key components to power itself. On Wednesday, Milton said key parts were taken out of the vehicle for safety reasons and that it never drove under its own power.

[...] At the event 3 1/2 years ago, Milton said the company had put up a chain to keep people from bumping into any of the vehicle controls. "We're going to try to keep people from driving off," he said. "This thing fully functions and works." Later, he said the truck was not a "pusher," referring to an inoperable prototype that needed to be nudged onto the stage. The people familiar with the truck, who asked not to be identified discussing sensitive information, said they were concerned about the statements. Gears and motors were missing, and while the words "H2 Zero Emission Hydrogen Electric" were emblazoned on the vehicle, there was no fuel cell on board.

The theft of top-secret computer hacking tools from the CIA in 2016 was the result of a workplace culture in which the agency's elite computer hackers "prioritized building cyber weapons at the expense of securing their own systems," according to an internal report prepared for then-director Mike Pompeo as well as his deputy, Gina Haspel, now the current director. From a report: The breach -- allegedly by a CIA employee -- was discovered a year after it happened, when the information was published by WikiLeaks, in March 2017. The anti-secrecy group dubbed the release "Vault 7," and U.S. officials have said it was the biggest unauthorized disclosure of classified information in the CIA's history, causing the agency to shut down some intelligence operations and alerting foreign adversaries to the spy agency's techniques. The October 2017 report by the CIA's WikiLeaks Task Force, several pages of which were missing or redacted, portrays an agency more concerned with bulking up its cyber arsenal than keeping those tools secure. Security procedures were "woefully lax" within the special unit that designed and built the tools, the report said.