Good morning! This is the tech news you need to know this Monday.

1. Salesforce CEO Marc Benioff and his wife are buying Time Magazine for $190 million. The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.

2. Some Amazon employees are reportedly accepting cash bribes from online sellers to delete negative product reviews. The practice, which is especially common in China, has reportedly resulted in an internal investigation.

3. Facebook is advertising a new position for a human rights policy director whose job it will be to coordinate an effort to combat human rights abuses on the platform. Facebook has previously come under fire for failing to address hate speech propagated by its platform in Myanmar. 

4. Amazon says it will announce the location of its second headquarters by the end of 2018. Amazon CEO Jeff Bezos said that the company would announce the location of its second headquarters by the end of the year.

5. Acclaimed tech investor Mary Meeker is leaving Kleiner Perkins to start her own fund, and she's taking her team with her. She reportedly disagreed with others at Kleiner Perkins over its investment strategy — as well as less material issues like where to hold the annual office Christmas party. 

6. A Samsung executive will travel to North Korea to join the Moon-Kim summit. Vice Chairman Jay Y Lee will be part of the delegation accompanying President Moon Jae-in to Pyongyang later this week. 

7. Amazon CEO Jeff Bezos criticized Donald Trump for calling the press the "enemy of the people," saying it's dangerous to demonize the media. Bezos said that elected officials have to get used to and even welcome the fact that they are subject to media scrutiny.

8. Go-Jek, Indonesia's most valuable startup, is reportedly in talks to raise $2 billion in funding. The motorbike hailing company is planning to expand into southeast Asia, Bloomberg reports.

9. Jeff Bezos says all his best decisions involved intuition and gut, not analysis. He also repeated a previous mantra that Amazon's secret sauce is "obsessive compulsive" focus on the consumer, rather than its competitors.

10. Linus Torvalds, the famously grouchy creator of Linux, has apologised for his behaviour and admitted that he is not an "emotionally empathetic" person. In an email to the Linux Kernel Mailing List, Torvalds said he would take a break from development while he worked on his issues.

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NOW WATCH: British Airways has a $13 million flight simulator that taught us how to take off, fly, and land an airplane

Hello! Here's what's happening on Monday.

1. Hurricane Florence continues ravaging the Carolinas as the death toll climbs, rivers overflow, and tornadoes threaten to strike. The storm has killed a reported 17 people so far, and officials expect the death toll to rise.

2. Typhoon Mangkhut has bashed the Philippines and coastal China. It was the most powerful typhoon to hit Hong Kong in decades, and the scenes were apocalyptic. 

3. A woman has come forward accusing US Supreme Court nominee Brett Kavanaugh of sexual assault. Research psychologist Christine Blasey Ford told the Washington Post that Kavanaugh assaulted her at a party when she was 15. 

4. London Mayor Sadiq Khan is calling for a second referendum on Brexit. Khan blamed the government's handling of the negotiations and said the threat to living standards, the economy, and jobs was too great for voters not to have a say.

5. China may reject new trade talks if the US imposes $200 billion of new China tariffs. Washington is expected to announce new tariffs of Chinese imports this week.

6. Russia reportedly warned Defense Secretary Jim Mattis of its willingness to use nuclear weapons under certain conditions. According to "Fear," Bob Woodward's recently released book, Moscow's warning was in regard to a potential conflict in the Baltic countries of Estonia, Latvia, and Lithuania.

7. Police closed roads and called a hazardous response team after two people became ill at a restaurant in Salisbury, England. The precaution was taken after ex-spy Sergei Skripal and his daughter, along with two others, were poisoned by a Russian nerve agent there.

8. Salesforce CEO Marc Benioff and his wife are buying Time Magazine for $190 million. The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.

9. Some Amazon employees are reportedly accepting cash bribes from online sellers to delete negative product reviews. The practice, which is especially common in China, has reportedly launched an internal investigation within the company.

10. A volcano in Iceland may be preparing to erupt. Katla, a giant volcano hidden beneath the ice caps of the Mýrdalsjökull glacier, is long overdue for an eruption and may be filling its magma chambers, according to new research.

And finally ...

The orgies are lame. The sun is unforgiving. There's 70,000 people partying on 'the playa': What it's like going to Burning Man for the first time

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NOW WATCH: One bite from this tick could ruin red meat for the rest of your life

Disneyland Park in Anaheim, California, the "happiest place on earth," has become an iconic destination.

But its creator, Walt Disney, struggled to ensure it ever opened its gates. A new book on the evolution of the park says that Disney, despite his huge success in Hollywood, had to fight "every step of the way" to persuade banks, television networks, and city officials that Disneyland could work.

The first park opened in 1955, the only one under Disney's supervision before his death in 1966. More than six decades later, Disney's vision has been vindicated, and has attracted more than 800 million visitors.

"Walt Disney’s Disneyland", a new book published by TASCHEN, shares photographs and sketches of Walt Disney’s early inspirations and ideas for the theme park, as well as vintage photos of its construction and the park's evolution over 60 years.

Disney described Disneyland on television in 1954, a year before the park opened. It was designed to have different zones, like "Tomorrowland," which celebrated the future, and "Main Street USA," which honored nostalgia. These zones are still in place in some form today.

Mickey Mouse and his friends have always been at the heart of Disneyland. In 1964, Walt Disney posed with some of his most iconic and adored characters. Disney called their tales "classic stories of everyone’s youth” and wanted Disneyland's Fantasyland zone to be where those stories could "become realities for youngsters of all ages to participate in."

Between 1958 and 1989, visitors to Disneyland were greeted with the iconic original Disneyland sign on Harbor Boulevard. This photo is from 1959.

• UBS CEO Sergio Ermotti said that the bank has chosen Frankfurt for its post-Brexit EU headquarters.
• "The financial system is already operating on the assumption that there is no agreement," he told Bloomberg.
• Major financial institutions are in the process of choosing new EU hubs to mitigate the impact of Britain leaving the bloc.
• Most non-EU institutions currently have their EU bases in London.

Switzerland's largest bank, UBS, has chosen German financial hub Frankfurt as its new EU headquarters as it puts in place contingency plans for the possibility of a no deal Brexit, its CEO said on Monday.

Speaking to Bloomberg TV, UBS boss Sergio Ermotti said that the bank's preparations for a disorderly Brexit have led it to choose Frankfurt as the base for future EU operations once Britain has left the EU.

Ermotti told Bloomberg that while Frankfurt will be UBS' main hub, it will carry out what he described as a "multi-location strategy," doing business from offices in Paris, Milan, and Madrid.

"The financial system is already operating on the assumption that there is no agreement," he said, referring to a no deal Brexit in which the UK falls out of the EU without any concrete arrangements.

"Whatever is going to happen from now onwards, it’s not going to make the exercise less expensive," he added. UBS has previously said that it expects Brexit contingency planning to cost around $100 million.

Major financial organisations are being forced to rethink their European strategies as a result of Brexit and the coming end to financial passporting arrangements.

Passporting rules allow finance companies to sell their services across the 28-member bloc with just one local license, rather than getting a license to operate in each member country where it does business. It is tightly tied to membership of the EU single market and will be lost once the UK falls out of the EU.

Ermotti did not give an indication of the number of staff UBS expects to shift out of the UK, although in recent weeks several senior bankers have said that the number of people being moved out of London post-Brexit will be much smaller than initially expected.

Last week, executives from Citi and Barclays Ireland told UK MPs serving on Parliament's Treasury Select Committee that each bank currently expects to move only around 150 roles out of Britain due to Brexit. An executive from JPMorgan said the bank expects to move hundreds of roles.

In the early stages of Brexit planning, numerous lenders warned that thousands of jobs could be relocated, but it now appears that such predictions were overzealous.

Ermotti also said that while there is likely to be a significant economic impact from Brexit, suggestions it could cause a major downturn are likely incorrect.

"I don't believe Brexit can be a trigger for a financial crisis or a banking crisis. But it could undermine investments, and trigger maybe a slowdown in the economy," he said.

SEE ALSO: The Treasury Secretary's hectic schedule after Lehman Brothers' collapse illustrates the chaos of the financial crisis

DON'T MISS: JPMorgan and Citi say just hundreds of jobs will leave London due to Brexit — not thousands

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NOW WATCH: Apple might introduce three new iPhones this year — here’s what we know

• Biotech is one of the hottest sectors for venture-capital funds right now, but pitching a science-heavy startup to investors isn't always easy.
• We asked the top investors in the space to tell us what startup leaders do wrong when they try to attract venture funding — and what they can do to avoid these pitfalls.
• Their answers contain some key lessons for biotech startups.

Biotech is one of the buzziest sectors for venture-capital funds right now.

Across the globe, VC investments in biotech startups topped more than $10 billion for the first time in history. Over the summer, dozens of American biotech companies went public. Nearly a third of the companies in the latest class of Y Combinator, Silicon Valley's biggest startup accelerator, were in the biotech sector — up from just 8% the year before.

Much of the recent excitement has centered on new ways of tackling cancer using patients' own immune systems, fresh therapies built on gene-editing tools like CRISPR, and potentially revolutionary techniques for making meat without factory farming.

But if you're a science- or health-minded entrepreneur in Silicon Valley, cutting through the noise can be a challenge.

We talked to investors who've backed some of the companies working in these areas to learn what startup leaders get wrong when they pitch their ideas.

Emphasizing a tool's impact on the market over its impact on patients

Cure disease. Fix the food system. Prolong life. 

These are just a few of the intrepid aims of today's leading biotech startups.

But accomplishing these goals requires laying practical groundwork. In healthcare, that could mean painting a concrete picture of where and when your startup's technology will be used. Whether it's a new disease-detecting diagnostic or a new drug to treat an illness, investors want to know how a tool will fit into the current standard of care, Dan Estes, a partner with venture capital firm Frazier Healthcare Partners, told Business Insider.

"The biggest mistake I see is when someone spends more time talking about how a product would affect the market than they do talking about how it would affect the disease it's designed to treat," said Estes, who serves on the boards of four pharmaceutical startups, including Cirius Therapeutics, which is focused on tweaking the human metabolism to NASH, and Sierra Oncology, a cancer therapeutics company.

Rather than focusing exclusively on how a new technique or drug would impact the market, Estes said he prefers when startup founders also demonstrate how people would actually use it.

"How will it help patients? What would that look like?" Estes said, adding, "The best investment is where you can very clearly see where a physician would use" a new piece of tech.

Graham Walmsley, a principal at San Francisco-based VC firm Versant Ventures, agreed.

"When I see too much about revenue and market front-loaded, it suggests some naivete," Walmsley, who recently led Versant's investment in a clinical-stage therapeutics company focused on treating non-alcoholic steatohepatitis (NASH), which is poised to be a significant burden on the US healthcare system due to the growing number of patients with the disease, said.

Instead, he'd like to see entrepreneurs "build out the entire clinical case" for their company or technology first.

Clinging to your pitch deck

If you're headed to a meeting with a venture capital firm, chances are you've planned ahead. Whether  you've brought index cards or a PowerPoint presentation, you've likely got a list of basic points about your company that you want to get across. But sticking too strongly to a list of prepared items can also turn off investors who want to ask questions.

"There's a saying that I like which goes something like, 'You have to release your agenda,'" Frazier's Dan Estes said. "I think sometimes companies stick to their pitch deck too closely."

That means if you're pitching your company to a venture fund and someone on the fund's team wants to skip ahead to another part of your presentation or pause on a slide to further explore something you've mentioned, it's better to be flexible than to rigidly plow through your talking points.

"It's better to let the questions guide the discussion rather than walking through every component dogmatically," Estes said.

Similarly, Dylan Morris, a general partner at venture firm CRV who focuses on bioengineering and recently led the firm's investment in a drug development startup called System1, said startup leaders should focus less on the technical details or decades of science that went into their technology and more on keeping potential investors engaged.

"Don't come into the meeting to teach. Come to sell," said Morris.

SEE ALSO: 40 AND UNDER: The Silicon Valley biotech stars who are backing startups aiming to cure disease, prolong life, and fix the food system

DON'T MISS: A venture capitalist and former Obama official are giving startups $30 million to fix a 'crisis' in our food system — and you can apply now

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• The Senate Judiciary Committee will conduct a public hearing with Supreme Court nominee Brett Kavanaugh and Dr. Christine Blasey Ford, the woman who accused Kavanaugh of sexually assaulting while the two were in high school in the 1980s.
• The public hearing, scheduled for Monday, will be the first time Kavanaugh and Ford will publicly speak at length on the matter.
• The hearing is expected to delay a planned vote on Kavanaugh's confirmation to the Supreme Court.
• Ford, a 51-year-old research psychologist and professor, claimed that Kavanaugh was "stumbling drunk" when he allegedly sexually assaulted her during a party in high school.
• President Donald Trump brushed off the accusations and pointed fingers at Democrats, who he believes are trying to stall Kavanaugh's confirmation to the high court.

The Senate Judiciary Committee will conduct a public hearing with Supreme Court nominee Brett Kavanaugh and Dr. Christine Blasey Ford, the woman who accused Kavanaugh of sexually assaulting her while the two were in high school in the 1980s.

The public hearing, scheduled for Monday, will be the first time Kavanaugh and Ford will publicly speak at length on the matter. It is being held during a contentious confirmation process for Kavanaugh, who is expected to replace former Justice Antonin Scalia on the Supreme Court.

The hearing on the assault allegation is expected to delay Thursday's planned vote on Kavanaugh's confirmation.

Ford, a 51-year-old research psychologist and professor, claimed that Kavanaugh was "stumbling drunk" when he allegedly sexually assaulted her during a party in high school. She claimed Kavanaugh pinned her to a bed, groped her over her clothes, and covered her mouth with his hand when she started to scream.

In 2012, Ford and her husband sought a psychologist who took notes of a similar incident, although it did not specifically name Kavanaugh.

Kavanaugh has denied the claim and said he would testify to "refute this false allegation" and "defend my integrity."

"This is a completely false allegation," he said in a statement. "I have never done anything like what the accuser describes — to her or to anyone. Because this never happened, I had no idea who was making this accusation until she identified herself yesterday."

On Monday, President Donald Trump brushed off the allegations and said Kavanaugh's confirmation was still "on track."

"If it takes a little delay, it'll take a little delay," Trump said.

"Judge Kavanaugh looks forward to a hearing where he can clear his name of this false allegation," White House spokesman Raj Shah added in a statement. "He stands ready to testify tomorrow if the Senate is ready to hear him."

SEE ALSO: Democrats are starting to think Brett Kavanaugh is toast as Republicans anxiously dig in

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Regtech solutions seemed to offer the solution to financial institutions' (FIs) compliance woes when they first came to prominence around 24 months ago, gaining support from regulators and investors alike. 

However, many of the companies offering these solutions haven't scaled as might have been expected from the initial hype, and have failed to follow the trajectory of firms in other segments of fintech.

This unexpected inertia in the regtech industry is likely to resolve over the next 12-18 months as other factors come into play that shift FIs' approach to regtech solutions, and as the companies offering them evolve. External factors driving this change include regulatory support of regtech solutions, and consultancies offering more help to FIs wanting to sift through solutions. Startups offering regtech solutions will also play a part by partnering with each other, forming industry organizations, and taking advantage of new opportunities.

This report from Business Insider Intelligence, Business Insider's premium research service, provides a brief overview of the current global financial regulatory compliance landscape, and the regtech industry's position within it. It then details the major drivers that will shift the dial on FIs' adoption of regtech over the next 12-18 months, as well as those that will propel startups offering regtech solutions to new heights. Finally, it outlines what impact these drivers will have, and gives insight into what the global regtech industry will look like by 2020.

Here are some of the key takeaways:

• Regulatory compliance is still a significant issue faced by global FIs. In 2018 alone, EU regulations MiFID II and PSD2 have come into effect, bringing with them huge handbooks and gigantic reporting requirements. 
• Regtech startups boast solutions that can ease FIs' compliance burden — but they are struggling to scale. 
• Some changes expected to drive greater adoption of these solutions in the next 12 to 18 months are: the ongoing evolution of startups' business models, increasing numbers of partnerships, regulators' promotion of regtech, changing attitudes to the segment among FIs, and consultancies helping to facilitate adoption.
• FIs will actively be using solutions from regtech startups by 2020, and startups will be collaborating in an organized fashion with each other and with FIs. Global regulators will have adopted regtech themselves, while continuing to act as advocates for the industry.

In full, the report:

• Reviews the major changes expected to hit the regtech segment in the next 12 to 18 months.
• Examines the drivers behind these changes, and how the proliferation of regtech will improve compliance for FIs.
• Provides our view on what the future of the regtech industry looks like through 2020.
  Get The Regtech Revisited Report
  

   

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• The Drudge Report and several prominent conservatives shared a story citing negative reviews purportedly written by students of Professor Christine Blasey Ford, who has accused Judge Brett Kavanaugh of sexual assault. 
• The comments instead concerned a different woman — Professor Christine A. Ford. 
• Drudge, Fox host Laura Ingraham, and radio host Mark Levin all deleted their social media posts linking to Grabien's story, but none of them issued corrections. 

As right-wing activists and pundits seek to discredit sexual assault allegations made by a woman against Supreme Court nominee Brett Kavanaugh, several prominent conservatives shared a viral piece of false information about the judge's accuser, Christine Blasey Ford, a clinical psychology professor at Palo Alto University in Northern California. 

On Monday, the conservative website Grabien News published a story quoting negative reviews purportedly written by Ford's students on RateMyProfessors.com. The Drudge Report, a right-leaning news aggregation site, shared the post with its 1.4 million Twitter followers. Laura Ingraham, one of Fox News' top opinion hosts, and Mark Levin, a right-wing radio host, also tweeted out the story. 

"Christine Ford is the worst educator I have experienced," one former student wrote anonymously on the website. "Something's wrong with her," wrote another. 

One key missing fact: they were reviews of a different Christine Ford. 

The comments instead concerned a former instructor in the social work department at California State University-Fullerton, Christine A. Ford. 

Blasey Ford, who identified herself to The Washington Post in an article published Sunday, says that when she was 15 years old, Kavanaugh, then 17, pinned her to a bed and groped her while his friend watched in a home in Montgomery County, Maryland. Kavanaugh, she alleges, covered her mouth with his hand and turned up the music to mask her screams.

"I thought he might inadvertently kill me," Blasey Ford told the Post. "He was trying to attack me and remove my clothing."

The professor also explained her initial reluctance to speak on the record about the allegations, thus revealing her identity and opening herself up to criticism and attacks. 

"Now I feel like my civic responsibility is outweighing my anguish and terror about retaliation," she told The Post. 

Journalists and others quickly pounced on Grabien's false story, which did not include a writer's byline, and criticized the website and Drudge for promoting "fake news."

Grabien News later retracted the story and replaced it with an editor's note. 

"We've since learned there are two Christine Fords working in clinical psychology in California and we wrote this report about the wrong Christine Ford," the site wrote. "We regret not going to greater lengths to ensure this was indeed the same Christine Ford. Please do not share this article with anyone (and if you have, delete it/withdraw it); we are only leaving the page up so you can see this important update." 

Drudge, Ingraham, and Levin all deleted their social media posts linking to Grabian's story, but none of them issued corrections or informed their followers that the information was false. 

Kavanaugh has flatly denied the allegations, calling them "completely false."

"I have never done anything like what the accuser describes — to her or to anyone," he said in a statement.

Both Kavanaugh and Ford have agreed to testify before the Senate Judiciary Committee about the accusations, and are set to appear before the committee next Monday. 

SEE ALSO: Michael Bloomberg suggests doubts about #MeToo movement and allegations against Charlie Rose

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• Adam Schiff, the ranking member on the House Intelligence Committee, called President Donald Trump's order for the declassification and release of sensitive Russia materials a "clear abuse of power" meant to influence the Russia probe.
• Schiff also revealed that the FBI and DOJ had previously told him that the release of some of the materials would be a "red line" that must not be crossed because it may compromise sources and methods.
• Trump on Monday ordered "the immediate declassification" of parts of the FBI's application to surveil Carter Page, as well as FBI reports of interviews connected to Page and DOJ official Bruce Ohr.
• He also called for the release, without redaction, of all text messages from Ohr, former FBI director James Comey, former FBI deputy director Andrew McCabe, former FBI agent Peter Strzok, and FBI lawyer Lisa Page. 

Adam Schiff, the ranking member on the House Intelligence Committee, slammed President Donald Trump's decision Monday to order the release of a slew of sensitive documents related to the Russia investigation.

Schiff's statement came after the White House announced that Trump had directed the Office of the Director of National Intelligence and the Department of Justice (DOJ) "to provide for the immediate declassification" of parts of the FBI's June 2017 application to surveil former Trump campaign aide Carter Page, as well as FBI reports of interviews connected to Page and DOJ official Bruce Ohr.

The president also asked the FBI and the DOJ to release, without redaction, all text messages pertaining to the Russia investigation from former FBI director James Comey, former deputy FBI director Andrew McCabe, former FBI agent Peter Strzok, FBI lawyer Lisa Page, and Ohr.

Schiff called the president's move a "clear abuse of power" meant to "intervene in a pending law enforcement investigation by ordering the selective release of materials he believes are helpful to his defense team and thinks will advance a false narrative."

Schiff also revealed that the FBI and DOJ had previously told him that they would consider the release of some of the materials Trump wants declassified a "red line that must not be crossed as they may compromise sources and methods."

The White House said Trump made the decision for transparency purposes and after it was requested by multiple congressional committees. 

Trump's move came after Paul Manafort, the former chairman of Trump's campaign, agreed to cooperate with the special counsel Robert Mueller, securing him his most significant victory yet in the Russia investigation.

Trump and his allies, including Schiff's counterpart, Rep. Devin Nunes, frequently rail against the Russia probe and characterize it as a politically motivated fishing expedition meant to undermine Trump's presidency. He has also personally attacked every individual whose text messages he wants released to the public.

The most recent target of his ire is Ohr, who communicated with the former British spy Christopher Steele in 2016, while Steele was putting together a dossier with allegations of collusion between the Trump campaign and Russia.

Ohr's wife, Nellie, worked for Fusion GPS, the opposition research firm that commissioned Steele's work. Glenn Simpson, the founder of Fusion GPS, also testified last year that he met with Ohr after the 2016 election to discuss how the dossier was compiled.

Deputy attorney general Rod Rosenstein previously testified that Ohr did not work on the Russia investigation and was not involved in the FBI's surveillance of Page.

Politico reported that the DOJ and FBI have no idea how the redaction process is being handled, with a source familiar with the process saying both entities feel it's possible that the White House could release the information on its own as early as Monday.

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NOW WATCH: One bite from this tick could ruin red meat for the rest of your life

• AT&T is starting to roll out its 5G, or fifth generation, wireless network.
• Like previous wireless standards, 5G promises faster speeds.
• But to get the fastest 5G speeds, users will need to connect to radios that deliver the service at super-high frequencies.
• AT&T doesn't plan to deploy those radios everywhere, but will let the market guide it, Andre Fuetsch, chief technology officer of its Communications division, told Business Insider.

You could soon get internet speeds on your phone that rival the fastest you can get through a landline broadband connection, thanks to a new generation of wireless technology that the carriers are starting to roll out.

Among the carriers that are launching the new service — dubbed 5G, for fifth generation wireless technology — is AT&T. Last week, the company announced it now plans to roll out 5G service in 12 cities by the end of the year and named the seven cities it plans to connect to its 5G network early next year.

The company is in the process of rolling out the equipment needed to support the new wireless standard across the country. But it plans to let the market guide when and where it turns on 5G, Andre Fuetsch, the chief technology officer at AT&T's Communications division, told Business Insider in an interview last week.

"Over time we'll just have see how much [5G] device penetration happens over time," Fuetsch said. "That will determine, really, the pace of how 5G gets built."

Unlike Verizon, whose 5G network relies on some of its own proprietary technology, AT&T's is compliant with the specification developed by 3GPP, the standards body for the wireless industry, Fuetsch said. That means that phones on AT&T's 5G network will be able to seamlessly switch over to older 4G radios when needed, and the company won't have to upgrade its equipment or customers phones after the fact to be compatible with the standard.

5G promises super-fast speeds — with the right radios

Like previous wireless standards, 5G promises faster speeds than its predecessors. Unlike with those past technologies, though, the throughput consumers will get with 5G could match or better those they see on their home internet connections. In certain cases, they could see speeds of 1 gigabit per second or faster, which is roughly what fiber-optic broadband services such as Verizon's Fios offer.

But the actual speeds users see on 5G could vary a lot from place to place. That's because to deliver the fastest service, carriers will have to deploy radio towers that can transmit at so-called millimeter-wave frequencies. These are frequency bands in the range of 24 gigahertz and higher.

Those bands have the potential to transmit data very rapidly. But they come with some significant trade-offs. Signals sent in those bands don't go through walls and can be easily blocked. And they don't tend to travel very far, so to cover the same amount of area that they were able to serve with lower frequency bands, they'll have to use a lot more radio towers, potentially making deployment much more expensive.

Carriers can use lower frequency bands to deliver 5G service, but the speed is only moderately faster than what can be delivered with 4G, Fuetsch said. Peak speeds might reach around 1 gigabit per second, but average speeds will likely be in the hundreds of megabits per second, he said.

In addition to faster speeds, 5G also promises lower latency, which is the amount of time it takes for the network to respond to or pass along a signal from your phone.

"If you're in one of our millimeter-wave zones … you can expect gigabit-plus speeds. Not just peak speeds but average speeds," he said.

In other 5G areas, he continued, "you certainly will get some speed advantages, you will also get reduced latency, but you won't get as much speed as you would with a millimeter wave connection."

Millimeter-wave 5G will only be available in "pockets"

For now, AT&T plans to offer millimeter-wave 5G service only in dense parts of certain cities where there's already a lot of traffic on its network. By contrast, the company plans to deploy 5G over lower frequency bands throughout its coverage area, even within those same cities, as a way to fill in the gaps for where it won't have millimeter-wave radio towers, Fuetsch said.

"You will see parts of cities, pockets, zones of cities, that will be lit up with millimeter wave," he said. Because the signals don't travel very far and don't go through walls, "you're likely not going to see every single street."

AT&T will offer its first 5G device — a mobile hotspot gadget that subscribers can use to wirelessly connect their computers to the internet — later this year. Consumers will be able to buy the first phones for the company's 5G network sometime next year, Fuetsch said. He decline to give a more specific time frame.

Fuetsch also wouldn't say when AT&T expects to offer anything resembling nationwide 5G service. The company plans to turn on service in particular areas as increasing numbers of customers in those areas get 5G devices, he said.

All of the equipment AT&T is installing these days is compatible with 5G, Fuetsch said. So, the company turn on the service with a simple software upgrade, he said.

"We let the market drive it, but we're seeding all these cities with 5G to help start that drive," he said.

Other carriers are also starting to roll out their 5G networks. Last week, Verizon announced it will start delivering home internet access via its next-generation wireless network on October 1. Meanwhile, T-Mobile announced a $3.5 billion deal with Ericsson to have the latter build out the carrier's 5G network.

SEE ALSO: Apple's $1,000 iPhones are turning it into a luxury brand — and it could lose a whole generation of customers

SEE ALSO: AT&T’s $85 billion deal for Time Warner is a humiliating black eye for DOJ officials, but the real worry is if it taught them the wrong lesson

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NOW WATCH: British Airways has a $13 million flight simulator that taught us how to take off, fly, and land an airplane

The 70th Annual Primetime Emmy Awards, hosted by Colin Jost and Michael Che, are happening tonight live from the Microsoft Theater in Los Angeles. And this is the home for updates on all the winners throughout the night. 

The nominees for this year's Emmys were announced in July, and "Game of Thrones" and Netflix led the pack. "Thrones" has 22 nominations, while Netflix is the leading network with 112.

The first award of the night went to Henry Winkler for his work in best supporting actor in "Barry," the HBO comedy series. Later, "Barry" star Bill Hader won the Emmy for best lead actor in a comedy series. And Amazon's "The Marvelous Mrs. Maisel" picked up four awards early in the night for best supporting actress, best writing for a comedy, best lead actress in a comedy, and best directing for a comedy. 

The drama category was quite varied this year, with a win for best actor in a supporting role going to Peter Dinklage for "Game of Thrones" and best supporting actress going to Thandie Newton for "Westworld." After years of deserving it, Matthew Rhys finally won for the final season of "The Americans," and Claire Foy won for her final season of "The Crown."

FX's "The Assassination of Gianni Versace" started the biggest awards of the night with its win for best limited series. "Marvelous Mrs. Maisel" won big with the best comedy Emmy. 

Below are the big winners of the night's awards, which we'll update throughout the night:

SEE ALSO: Our Emmys 2018 predictions: who should win, who will win, and who got snubbed

COMEDY SERIES

"Atlanta"

"Barry"

"Black-ish"

"Curb Your Enthusiasm"

"Glow"

"The Marvelous Mrs. Maisel" *WINNER*

"Silicon Valley"

"Unbreakable Kimmy Schmidt"

LIMITED SERIES

"The Alienist"

"The Assassination of Gianni Versace" *WINNER*

"Genius: Picasso"

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• President Donald Trump announced tariffs on roughly $200 billion worth of Chinese goods will go into effect September 24.
• The tariffs will hit a wide range of industrial and consumer goods.
• The escalation of the US-China trade war drew criticism from Democrats, Republicans, and many business groups.
• The complaints warned that the tariffs will ultimately hurt US consumers and businesses, due to cost-increases for key goods.

President Donald Trump's decision to impose tariffs on another $200 billion worth of Chinese goods drew a swift rebuke from lawmakers on both sides of the aisle and business groups.

Trump announced Monday that the US Trade Representative would begin to impose a 10% tariffs on Chinese goods ranging from food to fabrics to industrial chemicals. The tariffs will increase to 25% on January 1, 2019, unless the US and China agree on a trade deal.

The escalation of the US-China trade war was quickly criticized by both Republican and Democratic lawmakers along with many business groups. All of the critiques centered on economists warnings that the tariffs would ultimately harm US business and consumers by raising prices on imported goods from China.

Additionally, concerns about China's retaliatory action on US agricultural goods popped up from farmers groups.

Here's a rundown of the criticism from lawmakers, business groups, and conservative interest groups:

• Sen. Heidi Heitkamp (D-ND): “The reckless escalation of the administration’s trade war is having serious consequences for rural America, which is already suffering from the uncertainty and low commodity prices caused by the disruptions to our markets,” Heitkamp said.
• Rep. Kevin Brady (R-TX, chair of the House Ways and Means committee): "Any time tariffs are imposed I worry that Americans will be forced to pay extra costs - in this case on nearly half of US imports from China," Brady said. "I continue to emphasize that the ultimate means to create an effective outcome is for President Trump and President Xi to engage constructively to develop a long-term and profound solution that levels the playing field for American manufacturers, farmers, and workers."
• National Retail Federation:"Every time this trade war escalates, the risk to US consumers grows. With these latest tariffs, many hardworking Americans will soon wonder why their shopping bills are higher and their budgets feel stretched," Matthew Shay, president and CEO of the NRF, said.
• National Associations of Manufacturers:"No one wins in a trade war, and manufacturing workers are hopeful the administration’s approach will quickly yield results. Now is the time for talks—not just tariffs—and manufacturers have laid out a blueprint to reset the US-China commercial relationship that will result in ending China’s unfair and anti-competitive behavior," Jay Timmons, NAM's president and CEO, said.
• Consumer Technology Association: "Today's retaliatory tariffs are not an effective trade policy and may violate US law. Congress has not given the president or the USTR a blank check to pursue a trade war," Gary Shapiro, CTA's president and CEO, said. "These new retaliatory tariffs run afoul of the carefully tailored provisions of the Trade Act of 1974, which require any action to be within the scope of the Section 301 investigation. We urge the administration to reconsider its misguided approach of increasing tariffs, as they are directly paid for by American companies and consumers."
• Americans For Farmers & Families: "As trade tensions escalate, and our ability to sell our goods to major markets diminishes, we’re having to make long-term business decisions that could affect our farms for generations," Casey Guernsey, a seventh-generation farmer and spokesperson for AFF said. "Many family farmers are canceling new projects, selling their equipment and livestock, and even thinking about closing their operations entirely."
• Freedom Partners (conservative lobbying group):"These tariffs are 'all pain, no gain' for American businesses and workers. Countless American employers weighed in on this idea during the comment period and told the administration these tariffs would be job-killers. Unfortunately, their pleas have fallen on deaf ears," Nathan Nascimento, Freedom Partners' Executive Vice President, said.

SEE ALSO: THE BIG ONE: Trump slams China with tariffs on $200 billion worth of goods, taking the trade war to the next level

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• Chrissy Teigen attended the 2018 Emmys in support of husband John Legend, who is nominated for his  "Jesus Christ Superstar Live in Concert" role.
• The mother of two discussed the mispronunciation of her last name (it's pronounced "tie-gen" rather than "tee-gen).
• During red carpet interviews, Teigen said that people should be more concerned about Ariana Grande's last name (which is pronounced "Gran-dee").

Chrissy Teigen cleared up the confusion regarding how to pronounce her last name — but said that people should be focusing on another star.

While in attendance at the 2018 Emmys held at Los Angeles' Microsoft Theater on Monday, the 32-year-old once again explained that people have constantly pronounced her name as "tee-gen," instead of "tie-gen."

During red carpet interviews that aired on NBC and E!, the mother of two elaborated on the revelation that was recently made known on Twitter, but said that more attention should be focused on Ariana Grande.

After Teigen explained that her father's pronunciation is the correct way, NBC's Savannah Guthrie remarked that it was a mind-blowing. 

"I can't blow your mind when it's Ariana Gran-dee," Teigen replied. "Mine can't possibly blow your ... I feel like that's more important. Gran-dee, who knew?"

Teigen added that she's going to continue mispronouncing her own name and her "dad is going to cringe every time."

The cook book author was present at the Emmys in support of husband John Legend, who is nominated for his role on "Jesus Christ Superstar Live in Concert."

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• Salesforce CEO Marc Benioff and his wife Lynne just bought Time Magazine for $190 million — but it's unclear what they'll do with it.
• Insiders at the company are thrilled with the acquisition and hopeful that an insurgence of cash will mean more hiring and growth at the storied media brand.
• The Benioffs have been tight-lipped about what exactly their ownership means for the magazine, though they could go all in on video.
• They could also follow the lead of Meredith and pursue brand licensing agreements or turn to events for more revenue.

Salesforce CEO Marc Benioff and his wife Lynne sent shock waves from New York to San Francisco on Sunday when they announced their purchase of Time Magazine, one of the world's most iconic magazine titles, for $190 million.

Now comes the tough part: what to do with it. 

Despite its illustrious history, Time is in the same dire straights as almost all of  its peers in the magazine industry.  Revenue and subscribers for the print publication are sliding, the competition for ad dollars on the web is fierce and the size of the newsroom continues to shrink as a result of regular layoffs.

Bringing back the good old days when the newsweekly set the agenda for public discourse seems like a tall order, even with the financial backing and the passionate support of the Benioffs. Now industry observers and insiders alike are trying to figure out exactly what Benioff spent $190 million for — the brand, the circulation, the journalistic legacy or something else entirely — and what the next version of the 95-year-old magazine will look like.

Employees inside the magazine were so overjoyed by news of the sale that they quickly made plans to roll out the old bar cart this week. The gimmick, in which a bartender travels from desk to desk mixing cocktails for the newsrooms, harkens back to the magazine's golden era.

"A deep pocketed patron who believes in the brand and the mission and otherwise plans to stay out of people's hair is a dream scenario," said one longtime staffer at the magazine. "People are definitely happy. There is a wait and see approach, which I think is right. We have to see. We don't have much granular tell at this point about what his plans are, but everything he has said has been positive."

People are wondering, is Benioff a Bezos or a Pecker? 

The Benioffs are the third owners of Time Magazine in one year, after magazine publisher Meredith Corporation purchased Time's parent company Time Inc. for $1.8 billion in November 2017.

While Meredith has made clear for months that Time was for sale, people inside said it was less clear whether it would go to an acquisitor like David Pecker at American Media, a Trump ally who made drastic staff cuts after acquiring Us Weekly for $100 million in March 2017,  or if things would go more like Amazon CEO Jeff Bezos's $250 million acquisition of The Washington Post in 2013, which grew its staff and revamped its digital offerings.

When it comes to editorial, one staffer said, the team expects to keep its current reporting structure and hopes to add new hires, though the Benioffs haven't made any specific promises. 

Around 170 employees will change hands when the deal closes next month, the majority of which are on the editorial side, according to a Meredith spokesman. 

Though many magazine companies have doubled down on digital, there are also signs that the Benioffs intend to maintain the print magazine: namely, as part of their purchase of Time, the Benioffs signed a multi-year agreement for Meredith to handle subscription fulfillment, paper purchasing and printing, as well as consumer marketing of the magazine. 

One likely area of investment will be video, an area of the business that the Benioffs told the Wall Street Journal they are optimistic about.

"Pivoting to video" is a cliche in the media industry, but Time's efforts so far appear to be working. Time's video audience grew 30.7% year-over-year from July 2017 and July 2018, according to the Magazine Media 360 report. During the same period, Time's overall audience across print and digital declined by 3.2%. 

Events and brand licensing are also options 

If the Benioffs decide to seek sources of revenue other than traditional print advertising, they could take their cue from Meredith, which claims to have the second-largest brand licensing business in the world.

The publisher has more than 3,000 unique products, branded with magazine titles like Better Home & Gardens, sold across 4,000 different Walmart locations and at Walmart.com, according to a company filing. So while the Benioffs may have bought a print magazine, they could find a good chunk of revenue in licensing the Time Magazine name.

Other magazines have had luck growing revenues through events. The Atlantic, which Laurene Powell Job's organization bought a majority stake in last summer, has an extensive events division called AtlanticLIVE. As of 2014, AtlanticLIVE was profitable and brought in $10 million in revenue annually. 

Ultimately though, what employees and industry insiders alike want to see is support for Time's journalistic legacy.

"Meredith Corporation thoughtfully found buyers who respect the trust and credibility that is so strongly associated with the TIME brand," Linda Thomas Brooks, president and CEO of the Association for Magazine Media, said in an email. 

"I’ve been told the Benioffs have a profound commitment to community and to finding solutions to some of society’s most complex problems, and that they are as committed as TIME is to the sharing and debating of competing ideas and to journalism of the highest quality," she added.

While Time's circulation is in decline, the magazine still had nearly 3 million weekly print subscribers at the end of 2017 - making it one of the most widely read magazines in the US.

Revenues are expected to decline 9% from $173 million in 2017 to $158 million in 2018, according to the Wall Street Journal.

Changes include a new office and management team

While things are ambiguous in editorial, operationally Time has several clear hurdles to overcome before it fully functions as an independent company.

For one, it needs a leadership team. Benioff has been clear that he won't hold an operational role at the new company and Meredith currently runs all of Time's backend processes, such as accounting and public relations.

A spokesman for Meredith said that some of the back office employees who focus entirely on Time will move over to the new company. In the near term, Meredith will continue to provide certain functions like payroll and ad sales to keep the Time magazine machine running. 

But for the most part, it will be up to the Benioffs to build out Time's executive office and administrative team from scratch.

Additionally, the magazine needs a new office, as the deal with the Benioffs did not include any real estate. 

Marc Benioff told the New York Times that the magazine staff will stay based in New York.  But if he did decide to move Time to San Francisco, he could probably find some room for the team in Salesforce Tower. 

SEE ALSO: IBM's CMO commands a team of 5,500 marketing experts — here’s why she made them behave like computer programmers

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• Actor Fred Armisen walked the red carpet of the Emmy Awards while wearing fangs.
• This is not his first time dressing in costume for the event, showing up with bolts in his neck two years ago.
• In 2015, Armisen dressed as Freddy Krueger on the red carpet.
• Actress Natasha Lyonne often subtly stays on theme as well when they walk the carpet together.

Elegance is key when it comes to dressing for the Emmy Awards. From luxurious gowns to well-polished tuxedos, the red carpet is a time to showcase some of the best designers in the business. But actor Fred Armisen, on the other hand, brought some unique flair to the carpet this year by wearing fake fangs while walking the carpet.

Armisen, who is well known for his time on “Saturday Night Live” and is currently starring in the Amazon original series “Forever,” attended the 2018 Emmys Monday night. In addition to his black suit and red pocket silk, Armisen made the choice to also pull together some vampire vibes by dawning some fangs.

This isn’t Armisen’s first time sporting an interesting costume-like look on the red carpet, however. In fact, it seems like this is all part of a years-long gag for him. Each year that he's attended the Emmys with his girlfriend, actress Natasha Lyonne, he's rocked some sort of spooky ensemble, with her seeming to take a more subtle approach. This year, for instance she rocked a vampy red dress which fit the vampire theme.

In 2016, he wore tow bolts in his neck in an attempt to dress as Frankenstein while showing up to the red carpet in a hearse. Lyonne wore a caped dress that seemed to be a subtle nod to the Bride of Frankenstein.

The year before that, he dressed as Freddy Krueger for the event. Lyonne's dress had fringes on the bottom, another subtle nod to their theme.

The Emmys may come in September, but it appears that Halloween comes early for this couple.

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Every fall, the biggest names in television gather for one night at the Primetime Emmy Awards. While some stars win big on stage, others make a huge splash on the red carpet.

This year, the Emmys aired live from Los Angeles' Microsoft Theater on September 17. As always, celebrities turned up wearing everything from current trends to stunning gowns to daring looks that showed off their personal style.

In case you missed it, we rounded up our favorite — as well as some of the most eyebrow-raising — outfits from the 2018 Emmys below.

Issa Rae's jumpsuit was one of the best looks of the night.

The jumpsuit featured a flowing train at the back, which gave the illusion of a gown at first sight. It took 100 hours to make and featured 3,000 hand-sewn crystals.

Kristen Bell arrived in a sleek white dress.

The dress featured an open design at the neckline, which she paired with an elegant updo.

Chrissy Teigen went with a chic silver dress.

She paired the look with some matching heels.

• Tonight, SpaceX plans to reveal "the world's first private passenger" to fly around the moon.
• Elon Musk will announce the name of the passenger and describe the lunar mission.
• The lunar voyager will be launched into space aboard SpaceX's new Big Falcon Rocket system.
• SpaceX will stream live video of the event on YouTube starting around 9 p.m. EDT (6 p.m. PDT), which you can watch below.

Elon Musk, the founder of the rocket company SpaceX, plans to reveal who the company's first lunar space tourist will be on Monday night.

"SpaceX has signed the world’s first private passenger to fly around the Moon aboard our BFR launch vehicle - an important step toward enabling access for everyday people who dream of traveling to space," SpaceX said on its website. "Only 24 humans have been to the Moon in history. No one has visited since the last Apollo mission in 1972."

SpaceX said the mission will launch aboard its upcoming launch system, called the Big Falcon Rocket, or BFR. 

The BFR is an ambitious launch system that's being prototyped at the Port of Los Angeles. The design, at least as Musk described it during a 2017 presentation, calls for a 157-foot-tall spaceship that will ride a 191-foot-tall rocket booster into orbit.

But newrenderings Musk shared this morning hint at significant design changes. More details about the launch system will likely be revealed during Musk's announcement this evening.  

Musk and the company's ultimate goal is to use BFR to colonize Mars.

Business Insider will be reporting live from SpaceX headquarters in Hawthorne, California, as we meet the passenger and as Musk reveals why the person is making the trip. 

You can watch the entire event via streaming video below or on YouTube. The feed is supposed to start around 9 p.m. EDT (6 p.m. PDT).

SEE ALSO: This veteran NASA astronaut has tried SpaceX and Boeing's new spaceships — here's what she thinks

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• US military officials believe Syrian forces accidentally shot down a Russian aircraft, according to a CNN report.
• Russia also announced it had lost contact with an IL-20 aircraft carrying 14 service members.

• Syrian forces reportedly responded to a number of Israeli missiles that were launched towards the city of Latakia, when it accidentally shot the Russian maritime patrol aircraft.

• In a statement to Business Insider, a US Central Command spokesman did not comment on where the strikes originated from but denied it was involved.
• Syria, Russia's ally in a prolonged proxy war in the region, previously claimed its air defenses "intercepted a number" of the missiles headed towards the city.

US military officials believe Syrian forces accidentally shot down a Russian aircraft, according to a CNN report published on Monday.

Syrian anti-aircraft artillery reportedly responded to a number of Israeli missiles that were launched towards the coastal city of Latakia when it accidentally shot the Russian maritime patrol aircraft, according to a US military official cited in the report.

Syria, Russia's ally in a prolonged proxy war in the region, claimed its air defenses "intercepted a number" of the missiles headed toward the city, Reuters reported on Monday, citing state-media.

Russia's defense ministry also announced it had lost contact with an IL-20 aircraft carrying 14 service members, Syria's state-run media reported. Russia's presence in Latakia includes a large naval base, which was reportedly under attack by an unclaimed missile strike that Syria alleges to have come from Israel.

Although Israeli Defense Forces also declined to comment on the missile strikes, Israeli Prime Minister Benjamin Netanyahu said on Sunday that his country will be "taking action to prevent our enemies from arming themselves with advanced weaponry."

A US Central Command spokesman did not comment on where the strikes originated from but denied US forces were involved: "The US was not involved in any strikes in Western Syria or in the shoot down of any planes tonight," US Navy Capt. Bill Urban said in a statement to Business Insider.

Russia and the Syrian regime have previously boasted about their air defense capabilities. After an airstrike in which US and its allies fired over 100 missiles towards suspected chemical weapons facilities in April, Russian forces claimed the "high-effectiveness" of Russian-supplied weapons and "excellent training of Syrian servicemen" had shot down 71 missiles.

Russia's claim was contradicted by US reports that said Syria's air defenses were "largely ineffective" in response to its "precise and overwhelming" strikes.

"The Syrian response was remarkably ineffective in all domains," US Marine Corps Lt. Gen. Kenneth F. McKenzie said at the time.

SEE ALSO: Unclaimed missile strike pounds Syrian town hosting Russian naval base

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• Tiffany Haddish and Angela Bassett presented together at the 2018 Emmy Awards Monday night. 
• The two did the Wakanda salute from "Black Panther" on stage.
• Bassett plays T'Challa's mother in the Marvel movie. 

Tiffany Haddish and Angela Bassett honored "Black Panther" at the 2018 Emmy Awards at Los Angeles' Microsoft Theater Monday night. 

While presenting the award for lead actress in a comedy series, Haddish and Bassett looked to each other and did the Wakanda salute. 

Fans were thrilled to see the women perform the popular gesture from Marvel hit "Black Panther" on stage. 

Bassett plays T'Challa's mother Ramonda in the Marvel Cinematic Universe.

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• McDonald's announced last week that the chain has changed the recipe for its iconic apple pie. 
• Some customers are complaining about the new recipe, with one person saying on social media that people should be "rioting in the streets" in response to the change. 
• Others have a more positive attitude after tasting the new apple pie, which was revamped to remove sugar and reduce the number of ingredients used.

McDonald's changed its iconic apple pie recipe — and customers are split on if it is a healthy change for the better or a horrific mistake. 

Last week, the fast-food giant announced it was debuting a new recipe for its apple pie with less sugar and a simplified ingredients list. 

"Our new freshly baked Apple pie recipe is in line with other positive changes we have made," Tiffany Briggs, a McDonald's spokesperson, said in a statement. "We removed, for example, artificial preservatives from our Chicken McNuggets and switched to real butter in our breakfast sandwiches because those changes matter to our guests." 

However, not every McDonald's customer has been loving the new pie. As the revamped dessert has hit menus, many customers have taken to social media to complain about the changes. 

"What's up with the new apple pies????"one person tweeted."I like the old recipe better. Is it a seasonal thing? Or a permanent change???"

McDonald's responded on Twitter: "Our new apple pie is made with fewer ingredients such as sugar, sliced 100-percent American grown apples and a bit of cinnamon to the filling for flavor to give each one that homemade taste our customers love." 

However, others had more positive things to say about the new apple pie. 

With the apple pie's long and fabled history, McDonald's was sure to face some backlash over changes.

The pie was the first dessert ever added to McDonald's menu, in 1968. McDonald's replaced the original fried apple pies to a baked version in the early 1990s — a change that some people are still lamenting decades later. 

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