Big tech summoned to Washington for antitrust hearing. Executives from Alphabet Inc.’s Google, Amazon.com Inc., Facebook Inc. and Apple Inc., will appear before a Democrat-led House antitrust panel on July 16. Witnesses also will include antitrust experts such as Timothy Wu, a Columbia Law School professor and former staffer in the Obama White House who has advocated for stronger antitrust enforcement generally, and for breaking up Facebook. (WSJ)
Cisco to buy Acacia Communications for about $2.6 billion. Cisco said Acacia’s technology will enable users of its hardware to drive more data over high-speed internet networks. Acacia makes optical interconnect technologies like pluggable modules and semiconductors. (WSJ)
Ross spells out reprieve for Huawei. Commerce Secretary Wilbur Ross said the U.S. would grant licenses to U.S. companies that want to sell technology to Huawei Technologies Co. as long as the sales wouldn’t put national security at risk. The company will remain on the Commerce Department’s “entity list,” Mr. Ross said Tuesday, meaning that companies that want to sell U.S.-sourced technology to Huawei must first apply for a license. (WSJ)
Facebook announces new hiring goals. The social network said it plans to double the number of female employees worldwide and double the number of black and Hispanic employees in the U.S. by 2024. According to Facebook Inc., 36.9% of global employees are female. About 9% of its U.S. workstaff are black or Hispanic. (Bloomberg)
Marriott faces $123 million fine for breach. The U.K.'s Information Commissioner’s Office plans to fine the hotel operator over a years-long breach at its Starwood hotel business that compromised the personal data of as many as half-a-billion guests. The fine comes just a day after the agency hit British Airways ’ parent company with a $230 million fine for a similar breach. (FT)
Congress takes aim at Chinese-made drones. The proposed ban, feeding off concerns that Chinese drones put U.S. infrastructure at risk, could boost prospects for U.S. makers struggling to compete. (WSJ)
Big tech a target at White House social-media summit. A “Social Media Summit” at the White House this week will offer a platform for Trump supporters who say they face censorship by left-tilting Big Tech—and a preview of a likely re-election theme for the president. Not on the guest list: Facebook, Twitter Inc. and Alphabet, which owns YouTube and Google. (WSJ)
Lennon or McCartney? Researchers applied machine learning to eight Beatles tunes to determine what bits came from John Lennon and what bits bore a Paul McCartney-esque lineage. News flash: The verse of "In My Life" was likely written by John, but Paul gets a nod for the bridge. (FT)
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