Jul 2, 2018

Atlantic Media sells Quartz to Japan's Uzabase

Quartz launch party, 2012. Photo: Craig Barritt/Getty Images for Quartz

The Atlantic magazine's parent company is selling Quartz, an online news outlet, to a Japanese business data and news company for between $75 million and $110 million, depending on its financial performance.

Why it matters: Despite reportedly turning a profit in 2016, it's notable that the outlet will focus on creating paid products to generate revenue from readers. “Digital publishing companies with multiple revenue streams are likelier to succeed over the long haul,” Quartz publisher Jay Lauf told the Wall Street Journal.

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44 mins ago - Health

Medical journal retracts study that fueled hydroxychloroquine concerns

Photo: George Frey/AFP via Getty Images

The Lancet medical journal retracted a study on Thursday that found that coronavirus patients who took hydroxychloroquine had a higher mortality rate and increased heart problem than those who did nothing, stating that the authors were "unable to complete an independent audit of the data underpinning their analysis."

Why it matters: The results of the study, which claimed to have analyzed data from nearly 96,000 patients on six continents, led several governments to ban the use of the anti-malarial drug for coronavirus patients due to safety concerns.

George Floyd updates

Text reading "Demilitarize the police" is projected on an army vehicle during a protest over the death of George Floyd in Washington, D.C.. early on Thursday. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

All four former Minneapolis police officers have been charged for George Floyd’s death and are in custody, including Thomas Lane, J. Alexander Kueng and Tou Thao, who were charged with aiding and abetting second-degree murder and aiding and abetting second-degree manslaughter.

The latest: A judge Thursday set bail at $750,000 for each of three ex-officers, AP reports.

John Kelly defends James Mattis against Trump attacks

John Kelly in the White House in July 2017. Photo: Cheriss May/NurPhoto via Getty Images

Former White House chief of staff John Kelly defended James Mattis on Thursday after President Trump attacked the former defense secretary as "the world's most overrated general" and claimed on Twitter that he was fired.

What he's saying: “The president did not fire him. He did not ask for his resignation,” Kelly told the Washington Post in an interview. “The president has clearly forgotten how it actually happened or is confused."