Biocon shares gain over 2% on launch of cancer drug KRABEVA in India

Biocon share price gained 2.5 percent intraday Thursday after the biopharmaceuticals firm has launched KRABEVA, a biosimilar Bevacizumab, in India.

The drug is used for the treatment of patients with metastatic colorectal cancer and other types of lung, kidney, cervical, ovarian and brain cancers, in India.

“We believe KRABEVA will be an important addition to oncology portfolio of novel biologics as well as biosimilars, which are making a significant impact in the realm of cancer care in India,” Arun Chandavarkar, CEO and joint MD, Biocon said.

KRABEVA is the second key oncologic biosimilar product from Biocon’s global biosimilars portfolio to be launched in India, in order to address the unmet patient need for affordable biological therapies.

The product is being offered to patients at an MRP of Rs 24,000 for 100 mg / 4 ml vials and Rs 39,990 for 400 mg / 16 ml vials.

KRABEVA is being launched post successful completion of phase III clinical trials and approval of company’s marketing authorisation application by the Drug Controller General of India.

At 11:02 hours IST, the stock price was quoting at Rs 418.50, up Rs 9.90, or 2.42 percent on the BSE.

source:-.moneycontrol.

Warning over iPhone apps that can silently turn on cameras at any time

The new iPhone X will feature an advanced front camera that can build up 3D pictures of faces CREDIT:GETTY IMAGES

Apple has been urged to change the way in which iPhone apps are granted access to the phone’s camera after a security researcher demonstrated how apps can secretly record photos and videos without the user knowing.

Felix Krause, an Austrian developer who works for Google, built an app that was able to take pictures of its user every second and upload them, without notifying the user. He called it a “privacy loophole that can be abused by iOS apps”.

When an app wants to access the camera, for example to scan a credit card or take a profile picture during the set-up process, the iPhone user must give the app permission, in the same way that apps must ask to access the camera roll, location and contacts and to send notifications. Once allowed, it has to be turned off via the settings menu.

The system is similar to the permissions required by apps on Android. Google has recently deleted several apps that surreptitiously recorded users and masqueraded as legitimate apps.

But Krause said that once an app has been granted initial access, it can take photos and videos whenever it is opened up. Unlike on Mac computers, which have a small green light next to the camera when it is being used, there is no indication that an app is recording videos or taking photos, or when it sends them elsewhere.

Facebook app permissions
App permissions are indefinite, apply to both the front and back camera, and can be used for photo and video

The iPhone’s camera app permissions do not differentiate between the phone’s front and back camera. Allowing camera permissions can grant extra access in the latest version of iOS, which has a facial recognition engine that could allow apps to detect emotions.

The permissions system is not a bug or a flaw – it works in exactly the way Apple has designed it – but Krause said malicious apps could take advantage of it to surreptitiously record users.

He demonstrated this by building an app that took a photo of the person using it every second, and which also ran a facial recognition program to detect the person using it.

He warned that other apps could monitor users’ emotions as they scroll through a social network news feed, record what they are saying, or live stream video of them in the bathroom as they tap away at a smartphone game.

Krause said Apple should introduce a system of temporary permissions – one that allows apps to take a picture during the set-up process, but revokes it after a period of time – or to introduce a warning light or notification to the iPhone that tells people when they are being recorded.

There are few examples of apps being found to secretly record users – apart from those specifically designed for this such as Stealth Cam. The practice is banned by Apple’s App Store guidelines, which state that a “reasonably conspicuous audio, visual or other indicator must be displayed to the user as part of the Application to indicate that a Recording is taking place”.

Krause claimed it would be easy to hide the behaviour, allowing it to make it through Apple’s approval process.

Facebook users have often claimed that the social network is secretly listening to their conversations in an attempt to better target adverts, something that Facebook itself has denied.

Some privacy conscious users have taken to covering up the cameras on their computers in an attempt to prevent being spied on, including Facebook’s founder Mark Zuckerberg.

Krause recently demonstrated how malicious apps could steal a user’s iCloud password by appearing to be an official command. The developer works at Google but says his work on security is a hobby, in no way affiliated with his employer.

Apple did not comment.

[“Source-telegraph”]

Why California is investing over $200 million in vocational education

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More Americans are going to college than ever before. The most recent census found that 33.4 percent of adults over the age of 24 have earned a bachelor’s degree or more. Kurt Bauman, Chief of the Education and Social Stratification Branch for the U.S. Census describes this as, “a significant milestone” for the country.

For many, however, higher education remains a privilege that is financially inaccessible. One way students can invest in their futures without investing in a bachelor’s degree is through vocational education. By enrolling in vocational education programs, students can earn degrees in high-demand fields like nursing, business and engineering which can lead to high-paying jobs. Still, many students believe that a bachelor’s degree is the only path to success.

In order to change this, the state of California is spending $200 million to encourage more students to earn a vocational certificate instead of a bachelor’s degree.

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Hill Street Studios | Getty Images

The U.S. Government defines vocational education as, “organized educational programs offering a sequence of courses which are directly related to the preparation of individuals in paid or unpaid employment in current or emerging occupations requiring other than a baccalaureate or advanced degree.”

These programs, offered by community colleges across the country, are by definition designed to help students find employment. Reports from the U.S. Department of Education indicate that people with vocational education have slightly higher rates of employment than those with academic credentials. According to the Georgetown University Center on Education and the Workforce, there are over 30 million jobs that pay an average of $55,000 a year and do not require a bachelor’s degree. The healthcare industry alone is creating millions of high-paying jobs that don’t require students to study for four years.

Despite the benefits of vocational education, it has yet to appeal to American students on a broad scale. According to the National Center for Education Statistics, only 8 percent of undergraduates are enrolled in a vocational certificate program. Derrick Roberson, 17, tells PBS, “All throughout high school, they made it sound like going to college was our only option.” Today, Roberson is training to be an electrician.

In many regions, vocational programs have even declined in popularity. For instance, in 2000, 31 percent of community college students in California took vocational courses. Today, only 28 percent of students take these courses.

Experts believe that students hesitate to enter vocational training programs in part because of fears that industries like manufacturing will replace workers with robots. Business consultant Sam Geil told PBS, “It doesn’t help when industry is moving out and laying people off.”

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Hill Street Studios | Getty Images

Despite these fears, California is investing over $200 million in vocational education. Today, California Community Colleges is the largest provider of workforce training in the country. The state hopes to use the money to improve the reputation of vocational education and deliver it more effectively.

The New York Times points out that this kind of investment from the government helps corporations cut costs: “They want schools and, by extension, the government to take on more of the costs of training workers that used to be covered by companies as part of on-the-job employee development.” In other countries like Germany, companies are heavily involved in training workers.

Still, Andrew Hanson, a senior research analyst with Georgetown University’s Center on Education and the Workforce told Matt Krupnick, “Efforts like California’s to broaden the appeal are exactly what we need.”

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[“Source-cnbc”]

Uber Being Probed by FBI Over ‘Hell’ Software to Interfere With Rivals

Uber Being Probed by FBI Over 'Hell' Software to Interfere With Rivals

HIGHLIGHTS

  • FBI is looking into Uber’s illegal competition intefering software
  • Uber’s software was being used to track the Lyft drivers
  • The investigation is being led by the FBI’s New York office

The Federal Bureau of Investigation is probing to see if Uber Technologies had used software to illegally interfere with its competitors, the Wall Street Journal reported on Friday.

The investigation is focusing on Uber’s program that could track drivers working for rival service Lyft, the WSJ said, citing people familiar with the investigation.

The investigation is being led by the FBI’s New York office and the Manhattan US attorney’s office, the Journal said.

Separately, Uber will cease using diesel cars in London by the end of 2019 and the vast majority of rides will be in electric or hybrid vehicles by then, the taxi app said on Friday.

At the moment the company says around half of all the journey miles completed in the British capital are undertaken with greener vehicles on the firm’s standard low-cost UberX service, which lets customers book journeys on their smartphone.

Several carmakers have announced plans in recent months to electrify a large proportion of their new cars, with Volvo becoming the first major carmaker to set a date for phasing out vehicles powered solely by the internal combustion engine.

Britain will ban the sale of new petrol and diesel cars from 2040, replicating plans by France and cities such as Madrid, Mexico City and Athens.

Uber, which has about 40,000 London drivers, will only offer electric or hybrid models on UberX by the turn of the decade and plans to do the same by 2022 nationwide.

[“Source-gadgets.ndtv”]