Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

(Reuters) - Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels.

Tyson Foods Inc, Cargill Inc, the JBS USA unit of Brazil’s JBS SA and National Beef Packing Co were accused of colluding since Jan. 2015 to suppress the price of “fed” cattle, which is cattle raised specifically for beef production, with a goal of improving margins and profitability.

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Mnuchin says he cannot meet deadline to turn over Trump tax returns to House panel

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Tuesday he cannot comply with a demand by a House of Representatives committee to turn over President Donald Trump’s tax returns “until it is determined to be consistent with law.”

In a letter to House Ways and Means Committee Chairman Richard Neal, Mnuchin said he expected to have an answer to the committee’s demand by May 6 after consulting with the Justice Department. The committee had set a 5 p.m. EDT (2100 GMT) Tuesday deadline for the Internal Revenue Service to turn over Trump’s returns.

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Snap restarts user growth with original shows, Android overhaul

(Reuters) - Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and top analyst revenue forecasts, but that was not enough to push its shares much higher after a sharp run-up this year.

Snap said on Tuesday that the number of daily active Snapchat users rose to 190 million in the first quarter from 186 million in the prior period, but remained below the 191 million it had a year earlier.

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Elon Musk claims Tesla will have 1 million robotaxis on roads next year, but warns he’s missed the mark before

Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020.

I feel very confident predicting autonomous robotaxis for Tesla next year, Musk said on stage at the Tesla Autonomy Investor Day in Palo Alto, California. They wont be in all jurisdictions, because we wont have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year, he said.

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Samsung delays its $2,000 folding phone after test units break

Samsung has delayed the release of the Galaxy Fold past the original April 26 launch date, the company told CNBC in a statement.

Samsung said that the Galaxy Fold needs further improvements before it releases the phone to consumers, and that it will continue to evaluate feedback it received from reviewers and further test the phone. Samsung said it will announce a new release date in the coming weeks.

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Apple will release a 5G iPhone in 2020 with chips from Qualcomm and Samsung, top analyst says

Apple could release iPhones in 2020 equipped with 5G modems, according to research notes from TF International Securities analyst Ming-Chi Kuo.

The modems could be provided by both Qualcomm and Samsung, according to the research. Access to 5G modem parts is one major reason why Apple settled a bitter legal battle withQualcomm last week.

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Leica says it wasn’t behind an ad depicting Tiananmen Square protests

A promotional video for camera maker Leica showing photojournalists covering global conflicts — including the deadly Tiananmen Square protests in China in 1989 — has resulted in the companys name being banned on Chinese social media and the marketer denying responsibility for the video.

The five-minute film is called The Hunt. It depicts photographers covering conflicts, including one capturing images of the Tank Man, who stood in front of a convoy of Chinese military tanks the day after the Tiananmen Square massacre in which Chinese military attacked pro-democracy demonstrators. That subject has been widely censored in China. The video concludes with the image of Leicas logo.

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Samsung postpones China launch event for its foldable phone amid reports of screen issues

Samsung is postponing its China launch event for its foldable smartphone just days after reports of defective screens on the nearly $2,000 device.

The South Korean electronics giant had scheduled an event in Shanghai for April 24 to launch the Samsung Galaxy Fold. A spokesperson confirmed that had been canceled but had no official statement to give. Its unclear for when that event will be rescheduled or when the phone will be available in China.

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Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure.

The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. The company said it shipped 59 million smartphones in the first quarter.

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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesnt want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying the race to 5G is a race America must win. But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the worlds biggest supplier of telecommunications equipment.

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