Business News – 5-11-2021

K Buenavista — Wed, 12 May 2021 16:52:42 +0000

Palantir reports 49% revenue growth for its first quarter

Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter, beating Wall Street estimates
It also came in line with earnings estimates
Palantir said it expects to bring in $360 million in revenue in its second quarter compared with the $344.3 million expected in a Definitive survey of analysts
In its fourth-quarter report, the company said average revenue for 2020 came to $7.9 million and the average revenue for its top 20 customers hit $36.1 million

Flu vaccinations reduce the risk of illness from influenza viruses by between 40% and 60%, according to the CDC
Influenza viruses are always changing, making it tricky to find the right vaccine formula since a strain that was common in a previous season may not be as prevalent in the next
Scientists have to constantly monitor strains and select which ones will be included in the flu vaccine each year

Apple said it rejected almost 1 million apps that were submitted to its App Store for the first time in 2020
It is the latest sign that Apple is becoming more transparent about how it approves and rejects iPhone apps
The disclosure comes as Epic Games’ antitrust trial against Apple has focused on App Store’s failures
Apple argues that by having a system where the company approves each of the 1.8 million apps on the store and their updates, checking the apps against a lengthy list of App Store rules, it can keep iPhone users safe from scams, malware, and poor-quality user experiences

Job openings surged to a record high in March, with more than 8 million postings
Hiring saw a much smaller increase, indicating a continued problem with matching workers to open positions
As “help wanted” jumped from February by 597,000, or 8%, to 8.12 million, hires rose just 215,000, or 3.7%, to slightly more than 6 million