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Jamie Dimon, Jeff Bezos, and Warren Buffett. None are certified doctors, but together they’ll give Gregory House a run for his money: JPMorgan (-0.94%), Amazon (+1.42%), and Berkshire Hathaway (-0.15%) are in the beginning stages of creating a new company to offer lower-cost health care to their hundreds of thousands of U.S. employees. An entity, they say, that will be “free from profit-making incentives and constraints.” The trio will leverage data and bargaining power to negotiate better costs across the health care ecosystem, offering a different, tech-focused model for health care in the U.S. Because as Warren Buffett elegantly puts it, “The ballooning cost…
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Natural gas futures skyrocketed as much as 20% yesterday. Traders are worried about skimpy supply levels (which are at a 15-year seasonal low) heading into what could be a frigid few months. Of course, new weather forecasts and supply concerns aren't the only factors at play here. Wonky hedge fund strategies also contributed a great deal to the market volatility, according to some analysts. Still, natural gas prices are up more than 50% this year. And that could mean a higher heating bill this winter (especially if you're in the Northeast, which suffers from Pipeline Deficiency Syndrome). + The more you know: A common unit of measurement for natural gas i…
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Uber is losing a ton — and we mean a ton — of money
by Guest Nicole- 3 replies
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Uber is still in startup mode, losing a ton of money but also growing quickly. And by a ton we mean you could not set cash on fire this fast. The company offered a rare look at its books (the company is still private and therefore doesn't have to divulge financial information) to Bloomberg. Uber confirmed the numbers in an email to Mashable. The two main takeaways: Users spent $20 billion on Uber in 2016, more than double what they spent in 2015. Uber took in about $6.5 billion of that, but still lost $2.8 billion last year (not included in that number is its China costs, a market it recently left). The numbers come out as Uber is trying to addr…
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Papantonio: Women Victimized Again With Mirena Contraceptive There are currently 61 million American women in their childbearing years ranging in age from 15 to 44. 62% of these women regularly use a contraceptive method, with 6.4% choosing to use an intra-uterine device or IUD to prevent pregnancy. America’s Lawyer Mike Papantonio talks about pharmaceutical giant Bayer and their huge moneymaker IUD device, Mirena Via
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General Electric
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GE shook up its C-suite.
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A lobbyist working for Amazon registered for Georgia’s ethics commission, sparking rumors that the e-commerce giant is eyeing Atlanta for its much-hyped “HQ2.” The company responded Tuesday saying Jacob Oster’s presence isn’t related to the search for Amazon’s second headquarters — although Atlanta is an odds-on favorite in the race. 238 cities and regions submitted bids to win the $5 billion HQ2, which promises to bring thousands of high-paying jobs to the chosen location.
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"The story of God" shows His blood trickle down through the rocks into Adam giving him life. What was the origin of this teaching?
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The pint-sized Electron rocket from Rocket Lab. The U.S.-New Zealand startup successfully completed its first commercial launch in New Zealand on Sunday. We feel obligated to mention the launch took place on a sheep farm. We feel even more obligated to mention that it symbolizes a potential shift in the commercial space industry. But first, a few more details about the launch: The Electron rocket is 56 ft. tall and can carry a few hundred pounds into space. Its first payload was several satellites...one of which was built by high school students in California. The cost per launch is $5.7 million (compared to $62 million for SpaceX's Falcon 9). …
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Qualtrics, SurveyMonkey's larger, faster-growing, and more profitablecousin, was all set for its IPO this week...until a little no-name firm called SAP (that's sarcasm) came along and said, "Forget that—we'll just buy you for $8 billion." And it's one for the record books... This would be SAP's second-biggest purchase ever, just behind its $8.3 billion acquisition of travel and expense management firm Concur in 2014. It would also be the biggest-ever acquisition of a VC-backed enterprise software company, per Axios. If you're having déjà vu, that's because there's been a couple of these last-minute deals recently: Cisco scooped up AppDynamics ri…
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"The Grinch" proved it's never too early to start spreading holiday cheer (or gloom). It topped box offices this weekend in the U.S. and Canada with $66 million in ticket sales.
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Samsung
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Another chief exec is leaving Samsung, but this time…not in handcuffs. Kwon Oh-hyun, one of three Samsung Electronics CEOs, will be stepping down as the South Korean tech company faces what he calls an “unprecedented crisis.” Of course, Kwon is referring to Samsung’s de facto leader, Lee Jae-yong, being sentenced to five years for bribery. But he also expressed concerns about Samsung’s growth moving forward. And he’s not just being a drama queen—competition is brewing. A state-backed Chinese manufacturer invested $24 billion into memory chip production. And don’t forget: the Bain-Apple group just scooped up Toshiba’s $18 billion memory chip business. …
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Chinese carmaker FAW to launch new Hongqi SUV model in 2019
by Guest Nicole- 0 replies
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CHANGCHUN, Nov. 10 (Xinhua) -- Chinese automaker FAW Group is set to launch a new Hongqi SUV model to target private buyers, the group said at this year's World Internet Conference (WIC) that closed Friday. The luxury SUV model Hongqi HS7 is scheduled to hit the market in 2019. Meanwhile, the company's first Hongqi electric SUV, unveiled at the Beijing International Automotive Exhibition this year, is also scheduled to hit the market in 2019. Both the SUV and electric car models are being launched to explore the private car market. http://www.xinhuanet.com/english/2018-11/10/c_137596998.htm
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Baidu, Volvo Partner Up For Electric Robo-Taxis In China
by Guest Nicole- 0 replies
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You can already hail an autonomous taxi in Singapore. And Tokyo. And Moscow. China doesn't want to be left behind in this AI party, so Chinese Internet giant Baidu announced that it's working on a slate of self-driving passenger vehicles, including robo-taxis, that will go into testing as soon as next year in Changsha, the capital of Hunan province. The news came as part of a series of AI vehicles announcements in Beijing at Baidu World, the company's annual technology conference, where Baidu also announced an AI deal with Ford. "The era for autonomous passenger vehicles is upon us, but having only smart cars is not enough," Baidu Chairman and CEO Robin Li said.…
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If You're Sleeping 6 or Fewer Hours a Night, There's a Weird Health Effect We Didn't Expect
by Guest nicole- 0 replies
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We know that a good night's sleep is important for our health for all kinds of reasons, but there's a new benefit to add to the list: avoiding dehydration. A new study suggests that anything under six hours of slumber a night could leave our bodies less than adequately hydrated. Researchers found that people who slept six hours a night had significantly more concentrated urine and a 16-59 percent higher chance of being dehydrated, compared with adults who were getting a regular eight hours of shut-eye. And according to the team behind the study, feeling less than 100 percent when you wake up after insufficient sleep might be down to dehydration too, not jus…
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killerhouses: If our concrete floor cracks, we’re doing this to it! It’s concrete with liquid gold to fill the cracks!