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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
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Google’s self-driving car takes a big step forward

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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December 22, 2014, 4:27 PM ET
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Google said Monday that it has taken another big step forward in developing self-driving cars by building a fully functioning prototype of its own design.

“Today we’re unwrapping the best holiday gift we could’ve imagined: the first real build of our self-driving vehicle prototype,” Google said in a blog post.

Google unveiled its latest model – a tiny two-passenger car – in May, generating worldwide buzz. But on Monday, the company admitted that it was just a mock-up that lacked much of what you’d expect in a car.

“It didn’t even have real headlights!” Google said.

Google has said that its car would be built without a steering wheel, gas pedals and brakes, which are, in theory, unnecessary because passengers can just sit back and relax while technology handles the steering. To drive on public streets in California, however, Google must install traditional controls, just in case a human driver needs to take over.

Google (GOOG) plans to build about 100 prototype cars and test them for the next few years, the company said.

Previously, Google’s tests of the futuristic technology involved modified Toyota Priuses and Lexus SUVs. Over the past few years, the company had logged hundreds of thousands of miles in such cars on public roads.

Since showing off the mock up in May, Google has been hard at work on coming up with new prototype. The process involved using different versions to test individual car components that handle the steering and braking along with the computers and sensors required for autonomous driving technology.

“We’re going to be spending the holidays zipping around our test track, and we hope to see you on the streets of Northern California in the new year,” the company said.

As of last month, seven companies including Mercedes-Benz, Nissan and Tesla have received permits to test self-driving cars on public roads in California, making it a hotbed for the technology.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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