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Courtesy of Best Buy via AP

Facebook chief Mark Zuckerberg is in Dallas today to testify in a lawsuit against Oculus, the virtual reality outfit the social network bought in 2014. A company called ZeniMax Media alleges Oculus stole parts of its technology.

It's the rare public appearance for the chief executive that isn't stage managed. Here's the highlight reel, per the New York Times' Mike Isaac and Nick Wingfield:

  • He pushed back on ZeniMax's case, saying that the "idea that Oculus products are based on someone else's technology is just wrong." A judgement against Oculus would strike at the core of Facebook's strategy to make virtual reality a big part of it's business.
  • And Zuckerberg opened up a bit about how virtual reality could offer a "perfect representation" of the experiences his users are sharing. "It's going to take five or 10 more years of development before we get to where we all want to go," he said.

Ouch:

Like most people in the court, I've never even heard of ZeniMax before. — Mark Zuckerberg

Batter up: Oculus Founding Partner Palmer Luckey and former Oculus CEO Brendan Iribe testify later this week

Go deeper

8 mins ago - Health

FDA panel backs Merck's antiviral COVID pill

The Merck Cherokee Plant in Riverside, Pennsylvania. Photo: Paul Weaver/SOPA Images/LightRocket via Getty Images

A Food and Drug Administration advisory panel on Tuesday voted 13-10 to endorse an antiviral pill developed by Merck and Ridgeback Biotherapeutics to treat adults at high risk of becoming severely ill from COVID-19.

Why it matters: Oral antiviral drugs designed to prevent or treat COVID-19 could be key pandemic-fighting tools, especially as new variants emerge. If authorized, the Merck drug, known as molnupiravir, would be the first treatment of its kind to be made available in the United States.

Shooting at Michigan high school leaves 3 dead, 6 wounded

Screengrab: CBSN

Three people dead and six others are wounded after a shooting at a high school in Michigan according to the Oakland County Sheriff's Office.

Driving the news: The alleged shooter was a 15-year-old sophomore at Oxford High School and has been arrested, per police.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.