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The free application, which is entering into an open beta phase, is the companys attempt to integrate your social network with virtual reality. The 3.35 gb program is rated T and requires an Oculus Rift headset and Touch controllers. Spending time with friends and family creates many of our most meaningful memories, wrote Facebooks head of VR , Rachel Franklin, but its impossible to always be physically near the people we care about. Thats where the magic of virtual reality comes in. Related Oculus founder Palmer Luckey leaves Facebook Spaces was first demonstrated publicly in October 2016 by Facebook CEO Mark Zuckerberg. He showed off how users could conjure virtual objects out of thin air, and how real-world images and live video could be seamlessly integrated inside the VR experience. The final product seems to share many of those core features. The first step is making a custom cartoon avatar of yourself. You can then gather together around an interactive table in a virtual space, using 360-degree videos and images as your backdrop. While inside Spaces, users can even invite friends to participate via Facebook Messenger video calling. Of course, Oculus itself already has its own social app called Oculus Rooms .
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Revenue was crimped by slower growth in many consumer health product categories and by payers demanding bigger rebates off the prices of certain prescription drugs, Chief Financial Officer Dominic Caruso said in an interview. Caruso said drugs with significant competition, particularly cardiovascular, diabetes and other primary care drugs, were particularly hurt by the pricing pressure. “The diabetes market is very price sensitive, and (net) prices have been declining for some time,” Caruso noted. That’s why J&J has been exploring the sale of its diabetes care businesses, which make test strips and insulin pumps, but will continue selling diabetes pill Invokana, whose sales fell 13 percent in the quarter to $284 million. The New Brunswick, New Jersey-based company on Tuesday reported net income of $4.42 billion, or $1.61 per share, down from $4.46 billion, or $1.59 per share, a year earlier. Earnings, adjusted for one-time costs, came to $1.83 per share, six cents above Wall Street expectations. Revenue totaled $17.77 billion, up 1.6 percent but below Street forecasts for $18.01 billion. In late-morning trading, J&J shares dropped $4.62, or 3.7 percent, to $121.10. Sales in J&J’s prescription drug business rose 0.8 percent to $8.3 billion.
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