Share to Twitter Share to Linkedin A recent poll shows that most Americans say the country’s health care system is handled poorly, and even more are frustrated by the cost of prescription drugs. These frustrations are growing more common among people living in a nation where health care spending topped $4.1 trillion in 2020 — almost a fifth of the country’s gross domestic product — but health indicators like life expectancy and infant mortality are falling behind those in other industrialized nations . Getting access to health care often is tied to employment and income, creating an inequitable system where millions are left uninsured or with inadequate health insurance coverage. As the Commonwealth Foundation reports , half of lower-income U.S. adults say that costs prevented them from getting needed health care, compared to a quarter of higher-income adults. (In comparison, in the United Kingdom only 12% of people with lower incomes and 7% with … [Read more...] about In The Costly U.S. Health Care Market, Mark Cuban’s Company Has A Plan To Reduce Prescription Drug Costs
Expand into overseas market
Oliver Hirt and Carolina Mandl (Reuters) Zurich, Switzerland ● Wed, October 5, 2022 2022-10-05 16:50 0 acb46bb3015c754a01ddf4e65a207d36 2 Companies wealth-management,Credit-Suisse,scandal,investment Free Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that task increasingly difficult. Some of the bank's wealth management clients have recently become concerned aboutCredit Suisse's turnaround, two people familiar with the discussions told Reuters , and some have been moving funds, according to one of the people. The division is expected to be the centerpiece of the bank's turnaround plan. A Credit Suisse spokesperson said: "We remain close to our clients as we conduct our strategic review." Meanwhile, the firm's ability to extract good terms from potential buyers of businesses it wants to exit has been weakened by the market rout, … [Read more...] about Credit Suisse’s turnaround just got a lot tougher as market reels
Share to Twitter Share to Linkedin Tesla TSLA said that it had delivered 343,830 vehicles for the quarter ended in September, rebounding from about 255,000 deliveries in the prior quarter when sales were impacted by the suspension of production at the company’s Shanghai factory. While this marks a quarterly record for Tesla, it falls short of market expectations. Moreover, the year-over-year growth rate of about 42% falls below Tesla’s long-term guidance of growing deliveries at a rate of at least 50% a year over a multi-year period. Tesla is apparently facing issues with its distribution, noting that it was facing difficulty in securing vehicle transportation capacity at reasonable prices toward the end of the quarter when its shipments typically surge. For perspective, production for the quarter stood at 365,923, about 6.5% ahead of deliveries. So will Tesla be on track to meet its guidance of at least 50% delivery growth this year? For the first nine … [Read more...] about Can Tesla Meet Its Growth Outlook After Weaker Than Expected Q3 Deliveries?
Share to Twitter Share to Linkedin EY’s leadership recently green lighted a major restructuring, ending months of heated speculation. The plan has two key prongs: (1) EY’s audit and advisory businesses will split; and (2) the advisory business will replace its partnership model with a publicly traded corporate structure. The restructuring presents a unique opportunity for EY Law to expand the scope and meaning of “ legal services ,” reinvent how they are delivered , broaden the range of legal careers for licensed attorneys and allied legal professionals , and extract greater value from the legal function by aligning and integrating it with business. EY has the potential to change the legal delivery paradigm by providing multidisciplinary, vertically-integrated business, technology, and legal solutions. This will benefit its customers as well as the broader business community. It will also offer new career options for licensed attorneys, … [Read more...] about Will EY Law Change The Legal Delivery Paradigm?
China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Wanted to take a moment and wish those celebrating religious holidays this weekend a happy and blessed time. </p>— William Shatner (@WilliamShatner) <a href="https://twitter.com/WilliamShatner/status/1515117545140879361?ref_src=twsrc%5Etfw">April 15, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the State Administration of Foreign Exchange (SAFE) said that China's foreign exchange market … [Read more...] about China FX regulator says strengthening supervision of forex mkt
Share to Twitter Share to Linkedin Shutterstock Axiom, a legal staffing-turned-technology company, recently announced a five-year deal with Johnson & Johnson (J & J) to provide multi-shore contract management services to the pharmaceutical giant. Axiom will support J&J’s global procurement contracting function, helping to standardize its vast trove of procurement agreements across a dozen contract types and 10 languages. This is not Axiom’s lone big dollar, long-term contract with a major corporation. A couple years ago, it inked an eye-popping $73 million deal with Credit Suisse to process the bank’s “master trading agreements.” Axiom’s metamorphosis from staffing to technology is emblematic of the maturing face and changing focus of legal service providers. They have come a long way since the early days of staffing and legal process outsourcing (LPO). The first generation of sourced work performed outside law firms involved … [Read more...] about Automated And Agile: The New Paradigm For Legal Service
Market Kurly's fulfillment center in Gimpo, Gyeonggi [KURLY] Retailers are giving up dawn deliveries in favor of new business models as the market makes it almost impossible to turn a profit, hurting initial public offering (IPO) valuations of companies as the industry goes down. Dawn deliveries, or orders made as late as midnight but guaranteed to arrive by early morning the next day, took the Korean market by a storm as delivery demand surged during the Covid-19 pandemic. Kurly, operating Market Kurly, first started offering the service in Korea in 2015, and Coupang followed in 2018, becoming the two biggest players in the dawn delivery market. Other companies rushed to offer their own dawn deliveries as the market grew, with the 2.5-trillion-won ($1.7-billion) market in 2020 projected to jump to 11.9 trillion won in 2023. Although the market has potential, companies are tapping out as the business requires huge investment. Lotte On and BGF Retail’s Hello Nature stopped … [Read more...] about Retailers ditch dawn deliveries in favor of more profitable options
Share price of wind turbine manufacturer Suzlon Energy opened over 10 percent lower today, despite the company calming the nerves of investors and informing that the proposed 5:21 rights issue was on-track despite the death of top boss Tulsi Tanti on Sunday. "In continuation to the announcement dated October 2, the promoters and the promoter group have re-confirmed their participation in the proposed rights issue and have expressed their intention to subscribe to the full extent of their rights entitlement," the company said in a regulatory filing. Follow our market blog for all the live updates At 9:20 am, the share was quoting Rs 7.90 apiece on the National Stock Exchange, as it began trading ex-rights. In the week gone by, it was largely flat and closed at Rs 8.70 apiece. In 2022 so far, the stock has declined closed to 29 percent. Popularly known as the ‘wind man’ of India, Tulsi Tanti was a champion of resilience. He founded Suzlon in 1995 and persevered while … [Read more...] about Tulsi Tanti’s loss drags Suzlon Energy down, despite rights issue assurance
Share to Twitter Share to Linkedin The man with the plan: Bert "Tito" Beveridge and his homemade still. Credit: Michael Thad Carter For ... [+] Forbes IT'S A BLISTERING MORNING in June, 15 miles southeast of Austin, Tex. , and Tito Beveridge is making a key point about the history of his craft vodka business. Dragging out a filthy, dog-eared copy of the ATF's federal regulations--on importing distilled spirits, wines and beer--he tells the story of talking nay-saying officials into giving him the first license for a distillery in Texas (and the only one-man booze business licensed by the feds). Out of the binding jumps a scorpion that launches its stinger into the palm of his hand. "S---," he mutters, and goes off to find Benadryl and baking soda. Sometimes reality bites. That's proving to be a challenge for Fifth Generation, maker of Tito's Handmade Vodka . More precisely: how to maintain the fiction of being a small-batch brand … [Read more...] about The Troubling Success Of Tito’s Handmade Vodka
Joe Kiani surmounted overwhelming personal and professional odds to build a better blood oxygen monitoring device. So why should he be afraid to push his scrappy company into consumer electronics, challenging firms 100 times its size? J oe Kiani had achieved the dream. Masimo Corp., which he founded and runs as CEO and chairman, had carved out a lucrative niche as one of the top makers of pulse oximeters, those fingertip sensors that hospitals use to measure oxygen saturation in patients’ blood. Masimo had made Kiani, who immigrated in poverty to the U.S. from Iran as a child, rich—a billionaire , by Forbes’ reckoning. As an electrical engineer, he took pride in the fact that devices he had personally designed were excellent, commanding a slightly bigger share of the U.S. hospital pulse oximeter market than its chief competitor, Nellcor, which is a unit of Medtronic, a company roughly 15 times Masimo’s size. Together the two companies account for about 90% of sales. It’s … [Read more...] about Meet The Iranian Immigrant Who Became A Covid MedTech Billionaire