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Ultima Genomics is No. 33 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. After nearly six years in stealth mode, in May 2022, Ultima Genomics stunned the scientific community with the announcement of a breakthrough in DNA sequencing: a $100 genome, a sixfold reduction in cost over existing technologies and a staggering reduction from the cost of the first fully sequenced human genome, which is estimated to have been between $500 million and $1 billion. Ever since biotech company Illumina developed a way to sequence the human genome in 2014 for less than $1,000, it has dominated the next-gen sequencing field and the cost of sequencing a full human genome has hovered around that price point. Only in 2022 did the going price dip to about $600—still a high price that Ultima founder and CEO Gilad Almogy says is hindering more widespread use of sequencing to understand … [Read more...] about The $100 genome has been a biotech holy grail for decades. This company made it a reality

(CTN News) – When a banking crisis hits, it can be scary and uncertain. With economic uncertainty looming, knowing where to invest your money can be tough. The good news is that there are still safe places to put your money during a banking crisis. This article will explore some of the best options for investing your money during a financial crisis. Government Bonds Government bonds are considered one of the safest investment options during a banking crisis . They are issued by the government and backed by the full faith and credit of the government. This means that they are considered to be almost risk-free investments. In times of financial uncertainty, investors flock to government bonds as a safe haven for their money. High-Quality Corporate Bonds High-quality corporate bonds are another safe investment option during a banking crisis. Companies issue these bonds with strong credit ratings and financial stability. While they may not be as safe as … [Read more...] about Where to Invest During a Banking Crisis: Safe Options for Your Money

When the Ringling Bros. and Barnum & Bailey Circus—back after a six-year absence—begins its 50-city tour of North America this September, it will include 75 highly trained performers and a litany of extravagant acts. Tightrope walkers will flit across a triangular rope, 30 feet in the air. Acrobats will launch themselves between four spinning wheels suspended from stadium ceilings. BMX bikers will spring off a giant trampoline. And a 360-degree set studded with massive video screens and enhanced with sonic spatial technology will envelop audiences in the spectacle. There won’t, however, be any lions, tigers, or bears. Oh my! “When you have a brand called ‘The Greatest Show on Earth,’ you can’t downscale,” says Juliette Feld Grossman, chief operating officer at Feld Entertainment, which acquired the iconic circus in 1984. “You really have to reimagine and reinvent.” Founded in 1871, the Ringling Bros. and Barnum & Bailey circus delighted American families … [Read more...] about The Greatest Show on Earth gets a second chance

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

Airbnb is No. 3 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Spring 2020 felt like a “near-death business experience,” says Airbnb cofounder and CEO Brian Chesky, as bookings dropped 80% within a few weeks . It was also an opportunity to trim back the company’s distracting side projects—tours, hotels, even an airline—and, he says, “focus on the core”: the design and experience of Airbnb’s home-rentals platform. “If not for the pandemic and the crisis, I don’t know how I would have made that pivot,” Chesky says. “But I had to basically rebuild the company a bit from the ground up.” Last spring, that work led to the biggest change to Airbnb in a decade : a top-to-bottom redesign that lets people search accommodation by category, rather than just destination, which has the benefit of introducing travelers to places and properties they might have otherwise … [Read more...] about After a “near-death business experience,” Airbnb’s Brian Chesky is perfecting his home-rentals platform

Cityblock Health is No. 29 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Cityblock Health was founded in 2017 to answer the question, as cofounder and CEO Toyin Ajayi puts it: “Why does it cost so much money to deliver care that doesn’t actually drive the outcomes we would expect?” Cityblock provides healthcare services to Medicaid and dually eligible Medicare beneficiaries, who account for a disproportionate amount of dollars spent on healthcare in the U.S., according to the Kaiser Family Foundation. It blends primary care, behavioral health, and disease management services, taking into account environmental and societal factors—such as insecure housing and living in a food desert—that can lead to chronic health conditions and hospitalizations. Cityblock’s clinics are staffed with teams of doctors, nurses, social workers, and mental health providers, and it … [Read more...] about This startup has raised $600 million to give lower-income Americans better healthcare

Ramp is No. 9 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. Ramp cofounder and CEO Eric Glyman may lead an enterprise software company, but he’s not the type of guy who relishes the hard sell. (Ramp’s first sales hire, he says, was focused on customer success, not deals.) Instead, he likes to let Ramp’s products, including a corporate card and spend-management platform, do the talking. “We try to show the value first and let customers come to their own views,” Glyman says. A free calculator on the company’s website, for instance, predicts the dollar amount that prospective customers can expect to save if they switch to Ramp, based on their recent financials. If last year is any indication, Ramp’s product-first, gimmick-free approach has struck a chord, especially with small-business owners. More than 13,000 businesses now use the platform, a threefold increase year … [Read more...] about This company is making expense reports way less of a hassle

Holdfast Collective is No. 4 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In September 2022, Patagonia, renowned for being at the forefront of environmental advocacy, sustainable production, and progressive business practices, had a new declaration: Earth would be its only shareholder. What that actually meant was that founder Yvon Chouinard and his family had given up ownership, transferring the company’s voting stock to the Patagonia Purpose Trust and the other 98% of its ownership to the Holdfast Collective , a new 501(c)(4) organization. Holdfast’s mission is to preserve wildlands and pursue other nature-based climate solutions, fund grassroots environmental organizations, and support politicians working to fight the climate crisis. Although other companies have used this organizational structure for philanthropic ventures, Patagonia is taking a different … [Read more...] about Patagonia uses capitalism to save the planet with the Holdfast Collective

Is there anything uglier than an electrical cord? The long, thick plastic wires create clutter everywhere. Artist and designer Nikolas Bentel wanted to explore whether something as mundane as an electrical cord could be transformed into something beautiful. And he may have achieved his goal by creating a handbag out of a 25-foot-long bright orange electrical cord. It drops today on his website for $59. He’s glued and molded the cord into the shape of a small basket—all while keeping the wiring intact, so it can still be plugged in and used. Bentel, 28, is fascinated with helping people to reimagine everyday objects. At his studio, in Locust Valley, New York, he’s created a wacky range of products, including tables made of scraps from a paper mill and a pipe made from a pizza box . In his art, he frequently deploys the skills he acquired from his joint degree in industrial design from the Rhode Island School of Design and modern culture and media from Brown. He’s … [Read more...] about This handbag is made from an electrical cord. And yes, you can plug it in

As a Black woman in an industry—wellness—that’s overwhelmingly white, I know what it’s like to be in classes or scrolling social media accounts that weren’t created with me in mind. Genuine care requires us to clarify where we’re focusing our attention, which allows us to have realistic expectations about impact and accountability. I know that there are ways I can better advocate for myself, and I also know that I live within societal and cultural ecosystems designed not to hear me as a Black woman. Self-care helps us cope with our present external realities, but it won’t always directly change them. As BIPOC leaders, we face unique challenges. Here are some ways to care for yourself amidst those challenges. Ditch the perfectionism The more marginalized identities you have, the more you’ll likely grapple with perfectionism, because we’re socialized to believe that the norm, and those who lead it, look and operate differently than us. For many of us who are … [Read more...] about Self-care isn’t enough. 3 ways BIPOC leaders can combat burnout