Monthly Archives: June 2017

Accenture, Biogen, 1QBit Launch Quantum Computing App to … – HIT Consultant

Posted: June 15, 2017 at 7:52 am

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Accenture and Biogenhave developeda first-of-a-kind quantum-enabled molecular comparison app designed to speed up drug discovery for complex neurological conditions such as MS, Alzheimers, Parkinsons and Lou Gehrigs disease. Researchers atAccenture Labscollaborated with 1QBit to create the new application which enhances Biogens existing molecule comparison method with quantum capabilities.

Molecular comparison is a crucial part of early-phase drug design and discovery, and involves intensive computational methods to review molecule matches and predict the positive effects of a therapy or drug while reducing negative side effects. Quantum computing is a computing paradigm that has the potential to find the answer to complex business problems millions of times faster than classical computing by leveraging the properties of quantum physics

By leveraging quantum computing technology from quantum software provider1QBit,the Accenture and Biogens appprovides new insight into the molecular comparison process, as well as much deeper contextual information about how, where and why molecules match. This is expected to enable scientists and researchers to analyze large collections of molecules more quickly and cost effectively.

The Alzheimers Association estimates that there are more than 5 million Americans living with the condition; by 2050, the number could rise to 16 million. Alzheimers is just one example of a condition that has staggering financial implications for the US healthcare system and families.This apphas the potential toenable scientists and researchers to analyze large collections of molecules more quickly and cost effectively, which can have a positive impact on finding treatments and cures.

In just over two months, Accenture Labs, Biogen and 1QBit progressed from an exploratory conversation about quantum business experimentation to an enterprise-ready, quantum-enabled application that generates molecular comparison results with deeper insights about shared traits. As quantum computers become more readily available, it will become easier for pharmaceutical companies to identify and develop new medicines for a wide range of diseases and conditions, saidJeff Elton, Ph.D., managing director, Accenture Strategy, Life Sciences.

Accenture Labs is focused on helping clients across multiple industries prepare for the arrival of mainstream quantum computing, which offers great potential to solve challenges in entirely new ways through quantum-enabled optimization, sampling, and machine learning algorithms, said Marc Carrel-Billiard, senior managing director, Accenture Labs. Through our collaboration with Biogen, 1QBit and our colleagues in the AccentureLife Sciences industry group, we have achieved a breakthrough that confirms the speed and accuracy of the quantum-enabled method for molecular comparison and takes another significant step toward improving the pharmaceutical industrys drug discovery and design process to help deliver better patient and economic outcomes more efficiently.

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KPN CISO details Quantum computing attack dangers – Mobile World Live

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EXCLUSIVE INTERVIEW: Quantum computing will present a very real threat in the next ten years and operators will have to rethink how they handle their data privacy and security, KPN chief information security officer (CISO) Jaya Baloo (pictured) told Mobile World Live.

When there is a viable quantum computer it will change the way we handle the current mechanism to protect our data secrecy which is cryptography, she explained, adding operators will have to rethink every type of cryptography they use and design new algorithms capable of resisting a quantum computing attack.

When it comes to operators offering personalised services, she said it is not possible to be 100 per cent privacy preserving while offering customised services.

However, operators should willingly and knowingly and very transparently inform customers about what they are doing with user data and how they maintain or securely delete that information.

Thats more important than the technology behind it having that dialogue is the most fundamental thing we can do.

She also shed light on the security implications of IoT and how KPN views the EU General Data Protection Regulation as much more in line with our current way of working rather than a burden.

Click here to watch the full interview.

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Leaked Footage Shows Australian PM Mocking Donald Trump – Bloomberg

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Australian Prime Minister Malcolm Turnbull risks a fresh rift with Donald Trump after leaked footage showed him parodying the president and alluding to a U.S. probe into election campaign links with Russia.

In a closed-door speech Wednesday night to journalists and lawmakers at Australias equivalent of the White House correspondents dinner, Turnbull imitated Trump speaking about online opinion polls: They are so easy to win. I have this Russian guy...believe me, its true, its true.

While journalists were told the speech was not for reporting, a local television network broadcast audio portions on Thursday of Turnbulls comments to the backdrop of audience laughter.

Trump has faced scrutiny over allegations his campaign colluded with Russia to influence the last U.S. election. A special counsel plans to interview top U.S. intelligence officials about whether Trump sought their help to get the FBI to back off a probe into former national security adviser Michael Flynn, according to three people familiar with the inquiry.

Turnbull on Thursday played down his Trump impression, calling it affectionately light-hearted. Still, the two had a rocky start after Trump complained about a promise by the prior U.S. administration to resettle refugees held by Australia in offshore detention centers. The leaders smoothed things over at a meeting in the U.S. in May.

It was good natured and the brunt of my jokes was myself, Turnbull said Thursday in a radio interview, rejecting the notion his speech was at Trumps expense. He said he was disappointed the comments were leaked.

Relations between the U.S. and its military ally Australia sank after Trump blasted the refugee resettlement plan negotiated by Barack Obama, calling it a dumb deal in a late-night tweet. That came after the Washington Post reported that Trump berated Turnbull in a phone call and abruptly ended their conversation.

After a face-to-face meeting in New York last month, Trump described Australia and the U.S. old friends and really natural partners.

In the speech on Wednesday night, Turnbull said his May summit with Trump was beautiful; it was the most beautiful putting-me-at-ease ever.

The Australian leader also poked fun at his own low ratings. Turnbull has struggled to win over voters since coming to power and won last Julys election by a one-seat margin.His Liberal-National coalition trails the Labor opposition by six percentage points on a two-party-preferred measure, according to a Newspoll published in late May.

The Donald and I, we are winning and winning in the polls, Turnbull said, imitating Trumps manner of speaking. We are winning so much. We are winning like we have never won before. We are winning in the polls. We are, we are. Not the fake polls, not the fake polls.

Were winning in the real polls, he said. You know, the online polls. They are so easy to win. I know that, did you know that? I kind of know that.

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Donald Trump Is Now Facing Three Emoluments Lawsuits – Slate Magazine

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President Donald Trump departs the White House on June 7 in Washington.

Win McNamee/Getty Images

Have you filed an emoluments lawsuit against Donald Trump yet? If not, you better act fastthe docket is getting crowded. The attorneys general of D.C. and Maryland filed a suit on Monday alleging that the presidents receipt of foreign gifts and payments violated the Constitution. Two days later, nearly 200 members of Congress also sued Trump for the same purportedly unconstitutional conduct. Trumps attorneys at the Department of Justice, meanwhile, are busy fighting another emoluments lawsuit, this one filed back in January on behalf of an ethics watchdog and Trumps business competitors.

Mark Joseph Stern is a writer for Slate. He covers the law and LGBTQ issues.

Do any of these lawsuits have a real chance of success? And what would success even look like in this deeply ambiguous and heretofore uncharted area of constitutional law?

The very first emoluments suit is beginning to provide an answer to those questions. Spearheaded by Citizens for Responsibility and Ethics in Washington, this lawsuit elevated the emoluments problem from academic blogs to front-page headlines. The Constitutions Foreign Emoluments Clause declares that no person holding any office of profit or trust under them, shall, without the consent of the Congress, accept of any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state. CREW reads this clause very broadly, arguing that it bars the president from receiving any payment from a foreign government.

CREW hopes to obtain a court order compelling Trump to divest from his business empire, which continues to receive cash from foreign, state-owned corporations. Its secondary goal is much more modest: The group wants to get to discovery, allowing it to demand financial records from Trump and his business empireincluding the presidents tax returns. To get to that point, however, CREW must prove it is an injured party and thus has standing to sue in court. CREW alleges that Trump injured the group by forcing it to divert valuable resources to an investigation into his ethics violations. This theory of standing was clearly a long shot. So, in March, CREW brought a restaurant association and a luxury hotel booker into its suit; both claim Trumps emoluments violations are causing them to lose business, a more solid ground for standing.

Even if CREW cant get past this threshold, it has already scored one political victory: The lawsuit forced the Justice Department to defend Trumps acquisition of wealth. In its lengthy brief, the DOJ argued that the Foreign Emoluments Clause applies only to benefits arising from services the president provides to the foreign state. Under the DOJs theory, Trump wont run afoul of the Constitution unless he receives payment from a foreign government for engaging in some official act.

This cramped interpretation is designed to ensure that private commercial transactions fall outside the clauses scope. To bolster that proposition, the brief embarked upon a comically tone-deaf tour of presidential profiteering through the ages. We learned that, during their presidencies, George Washington owned a gristmill; Thomas Jefferson, a nail factory; James Madison and James Monroe, tobacco plantations. According to the DOJ, these enterprises are constitutionally analogous to Trumps empire which, to give just one of many examples, allows the president to receive millions of dollars from a state-controlled Chinese bank.

The DOJs thesis is probably wrong; a wealth of historical evidence suggests the Framers viewed an emolument as any good or service of value, not one specific kind of bribery. But even if Trumps lawyers are right, their brief is still politically deleterious. The DOJ is now defending the chief executives constitutional right to rake in as much money as he can from foreign states, so long as the exchange doesnt involve a demonstrable quid pro quo. Trump and his lawyers are defining corruption downward. First, we were told the president would separate himself from his businesses. Now we have learned that he wont, but he promises not to take any outright bribes. As far as presidential ethics go, only Richard Nixon set a lower bar.

Should a federal judge toss out CREWs suit, Trumps opponents will have at least two more bites at the apple. The Washington and Maryland suit is especially interesting, since both jurisdictions have a strong case for standing. Maryland argues that Trumps D.C. hotel is drawing foreign business out of the state, reducing its tax revenue; the District of Columbia alleges the hotel is drawing business away from its convention center, which is taxpayer-owned. The congressional lawsuit, on the other hand, asserts Trump is injuring members of Congress by depriving them of the opportunity to vote on his emoluments. Because the Constitution allows the president to receive emoluments with the consent of the Congress, these representatives argue they must be able to allow or prohibit Trumps acceptance of foreign payments.

That theory is certainly creative, although law professor and emoluments expert Andy Grewal doubts it will succeed since Congress could vote on Trumps emoluments and has simply chosen not to. Either way, both suits will force the Justice Department to continue defending Trumps profiteering. If one makes it past the standing stage, the plaintiffs will enter the promised land of discovery (and tax returns). The emoluments litigation has already put Trump on the defensive and forced his lawyers to justify presidential enrichment; it now poses a real threat of unveiling his secretive business dealings as well. What started as a single long-shot lawsuit may soon turn into a nightmare for the president.

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Congress Shooter Is Dead – TMZ.com

Posted: at 7:51 am

President Donald Trump says the man who opened fire on a congressional baseball practice has died from injuries in the shootout with capitol police.

The shooter has been identified as James T. Hodgkinson -- a 66-year-old man from Illinois who has publicly called for the destruction of Trump and his supporters.

POTUS addressed the media moments ago and said Hodgkinson "has now died."

As we previously reported, Hodgkinson walked up to a baseball practice in Virginia early Wednesday morning and opened fire -- striking Rep. Steve Scalise and others.

Capitol police officers on the scene exchanged gunfire with Hodgkinson -- striking him. The officers were also shot. They survived and are being treated for their injuries.

Trump called the incident a "very, very brutal assault."

He described Scalise as a "good friend, he's a patriot and a fighter."

Trump also praised the capitol police officers as heroes.

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Today’s Impeach-O-Meter: Not Going There – Slate Magazine (blog)

Posted: at 7:51 am

Just talking about this guy.

Photo by Joe Raedle/Getty Images

In the tradition of the Clintonometer and the Trump Apocalypse Watch, the Impeach-O-Meter is a wildly subjective and speculative daily estimate of the likelihood that Donald Trump leaves office before his term ends, whether by being impeached (and convicted) or by resigning under threat of same.

It feels crass to make jokes about the chances of the Republican president being impeached on a day when Republican legislators faced a violent assault and were nearly killed by a deranged man who professed to have liberal politics. But, as Rep. Roger Williams said after escaping that shooting spree with his life, if we dont play this baseball game, they win. (A Williams staffer was injured during the assault.)

I dont want to assess what todays assault will mean politically for the president, because it just feels too soon and too gross. I will say that, in the long run, I hope and believe that neither side can or will very effectively use a tragedy such as this for partisan gain.

With that said, there were some new polls out today. Democrat Jon Ossoff leads his must-win race against Republican Karen Handel in Georgias 6th special House election by 3 points, according to a poll released on Wednesday by Trafalgar Group. Thats a good number for Democrats and their hopes of taking back the House in 2018, the only scenario right now that looks like it might lead to impeachment. According to a YouGov poll, meanwhile, 54 percent of voters say Congress should be investigating Trump campaign members contacts with Russian government officials before the inauguration to 30 percent who dont. Thats good news for those who want such an investigation to continue.

Democrats also lead Republicans by 2 points in that polls generic Congressional ballot. That number is probably less good for Democrats, who will need to win by a lot more than that to take back the House. Overall, Im taking the Impeach-O-Meter down two points to 43.

Photo illustration by Natalie Matthews-Ramo. Photos by Chip Somodevilla/Getty Images, Win McNamee/Getty Images, Chris Kleponis-Pool/Getty Images, Drew Angerer/Getty Images, and Peter Parks-Pool/Getty Images.

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France’s CGG files for bankruptcy protection – MarketWatch

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Oil-services company CGG Group filed for bankruptcy protection Wednesday in the U.S. and France after reaching a restructuring deal with lenders and bondholders that will eliminate about $2 billion in debt from the company's books.

Under the deal, bondholders will swap nearly $2 billion in debt for most of the equity in a reorganized CGG, the company said. The restructuring plan calls for up to $500 million of new money to be raised from a $125 million rights offering and the issuance of $375 million in new debt.

CGG's senior lenders, owed about $800 million, will extend the maturity on their loans in return for $150 million payment from the proceeds of the new money investment. Existing shareholders, who will be able to participate in the rights offering, will see their investments reduced to a 4.5% stake in the restructured CGG following completion of the debt swap, according to filings in U.S. Bankruptcy Court.

Beatrice Place-Faget, general counsel of parent company CGG SA, said in court papers the prolonged downturn in oil and natural gas prices left the company unable to pay its debts.

CGG's 2016 annual revenue was roughly one-third of what it was before the current downturn began, she said. In 2012, before oil prices dropped, the company had total operating revenues of more than $3.41 billion. By 2016, that number was $1.195 billion.

In addition, the company has been losing money for years, including losses of $1.14 billion in 2015 and another $404.7 million last year.

CGG was founded in 1931 as " Compagnie Gnrale de Gophysique" and focuses on seismic surveys and other techniques to help energy companies locate oil and natural-gas reserves. The company also makes geophysical equipment under the Sercel brand name.

CGG launched its court-supervised restructuring bid in Paris on Wednesday by opening a "sauvegarde" proceeding, the French equivalent of a chapter 11 bankruptcy filing. Fourteen CGG subsidiaries filed for chapter 11 in U.S. Bankruptcy Court in New York and the parent intends to seek U.S. court recognition of the Paris case under chapter 15, the section of U.S. bankruptcy law dealing with international insolvencies.

CGG's legal advisers are Linklaters LLP and Weil Gotshal & Manges LLP for the sauvegarde and chapter 15 case, and Paul, Weiss, Rifkind, Wharton & Garrison LLP for the chapter 11 cases. The company's financial advisers are Lazard and Morgan Stanley, and its restructuring adviser is Alix Partners LLP. Judge Martin Glenn has been assigned the case.

Write to Patrick Fitzgerald at patrick.fitzgerald@wsj.com

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France’s CGG Group Files for Bankruptcy Protection – Wall Street Journal (subscription)

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France's CGG Group Files for Bankruptcy Protection
Wall Street Journal (subscription)
Oil-services company CGG Group filed for bankruptcy protection Wednesday in the U.S. and France after reaching a restructuring deal with lenders and bondholders that will eliminate about $2 billion in debt from the company's books. Under the deal ...
French oil services firm CGG files for bankruptcyReuters

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Soupman of ‘Seinfeld’ Soup Nazi fame files for bankruptcy protection – USA TODAY

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File photo taken in 2010 shows people standing in line for the reopening of the Original SoupMan gourmet takeout shop that inspired the Soup Nazi character on "Seinfeld."(Photo: BEBETO MATTHEWS, AP)

Soupman, the New York City food company made famousby the popularSeinfeld TV sitcom, has sought bankruptcy court protection, weeks after its chief financial officer was indicted on federal tax evasion charges.

Based on Staten Island, the company licenses the name and recipes of Al Yeganeh, the model for the gruff "Soup Nazi" character in the popular 1989-1998 series that starred comedian Jerry Seinfeld.The characterfocused fanatically on his culinary creationsand refused to serve some would-be customers, barking what became a much-repeatedcatchphrase:"No soup for you!"

A Chapter 11 bankruptcy petition filed Tuesday in Delawarestated that Soupmanhad estimated assets between just over $1 million and $10 million, and estimated debts ranging from just over $10 million to $50 million.

The company said in a news release that it has secured a new $2 million debtor-in-possession credit facility from an independent private investment firm to fund working capital needs "and allow businessoperations to continue as usual."

However, the business was jolted in late May when federal prosecutors in Brooklyn announced an indictment that accusedSoupman CFO Robert Bertrand of failure to payMedicare, Social Security, and federal income taxes.

Hisjob included collecting, accounting for and paying the taxes for Soupman's employees. However, the indictment alleged that between 2010 and 2014Bertrand instead paid Soupmanemployees with unreported cash, and compensated certain workers with unreported stock awards.

As a result, the federal government lost $593,971 in total tax paymentsthat should have been paid by the company, prosecutors charged.

Bertrand, who has pleaded not guilty, was released on $50,000 bond, pending a scheduled July 18 legal hearing, court records show.

"The combinationof legacy liabilities and recent company developments have made it necessary to seek bankruptcy protection," Soupman CEO Jamie Karson said in a statement announcing the court filing. "This will ensure that our delicious soups remain on grocery shelves throughout the country, which is in the best interests of all our stakeholders and customers."

Julia Louis-Dreyfus in a scene from Seinfeld's "Soup Nazi" episode.(Photo: Castle Rock Entertainment)

Follow USA TODAY reporter Kevin McCoy on Twitter: @kmccoynyc

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Bankruptcy cases show we’ve become a nation of selective justice – New York Daily News

Posted: at 7:50 am

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Bankruptcy cases show we've become a nation of selective justice - New York Daily News

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