As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm's position in struggling General Electric.Delivering Alpharead more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
The Democratic-held House plans to move forward with a bill to fund the government through Nov. 21 and avoid another government shutdown.Politicsread more
Jim Chanos, founder of Kynikos Associates, revealed Thursday a stock he has been shorting for years: kidney dialysis company DaVita.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target.Market Insiderread more
BlackBerry said Wednesday that it will stop internal development of smartphones, relying on partners for any future hardware efforts.
The move comes as the company has struggled to turn around its phone business.
"The company plans to end all internal hardware development and will outsource that function to partners," CEO John Chen said in a statement. "This allows us to reduce capital requirements and enhance return on invested capital."
BlackBerry has been setting the stage for such a move for a while now. It has already released one phone, the DTEK50, that was essentially a rebadged Alcatel phone and has started offering up pieces of its phone software for use on other Android devices.
Chen had said BlackBerry would exit the phone business if it could not make it profitable.
More from Recode:
Elon Musk will need one million Mars colonists to get the ticket price down to $200,000
55 percent of online shoppers start their product searches on Amazon
The Clinton-Trump debate broke TV records — but it wasn't the Super Bowl
The company on Wednesday reported a net loss of $372 million, or 71 cents per share, on revenue of $334 million. Excluding certain items, the company said it essentially broke even, on adjusted revenue of $352 million.
That was five cents per share better than expected, but revenue was short of the $393.75 million consensus estimate.
"We are reaching an inflection point with our strategy. Our financial foundation is strong, and our pivot to software is taking hold," Chen said. "In Q2, we more than doubled our software revenue year over year and delivered the highest gross margin in the company's history."
The company also said its CFO, James Yersh, was leaving the company for personal reasons. He is being replaced by Steven Capelli, a longtime executive at Sybase, Chen's last company.
BlackBerry said that it expects full-year fiscal year earnings excluding items to be between breakeven and a 5-cent-per-share loss, better than consensus estimates of a 15-cent-per-share loss. It said it continues to expect 30 percent revenue growth in its software and services business for the fiscal year.
Shares of the company traded up on the news. The stock was recently at $8.35 in pre-market trading, up 47 cents, or nearly 6 percent.
—By Ina Fried, Recode.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.