Amazon’s path to dominance in big industries, whether it’s retail or cloud computing, often involves cutting out the smaller middlemen. The drug supply chain could be next. Following a string of CNBC reports on Amazon’s move into the pharmacy market, the largest players in the space are getting peppered with questions about their plans to […]
Read moreEleven years ago, Kevin Weil was headed down a path he had long envisioned for himself: earning a doctorate degree in theoretical physics, with plans to become a full-time professor. But shortly after he started his Ph.D. program at Stanford University, where he earned a master’s degree in the field in 2006, he suddenly changed […]
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Goldman Sachs encouraged its clients to invest in high-growth stocks, predicting that higher interest rates in 2018 will cause earnings growth to slow and therefore placing a premium valuation on such companies. “The majority of the recent market rally has been driven by higher earnings rather than valuation expansion,” wrote Goldman Sachs chief U.S. equity […]
Read moreRyanair has called on U.K. airports to restrict the sale of alcohol after it was reported that arrests of drunken passengers rose by 50 percent in a year. Europe’s biggest airline said on Monday that it has already taken a number of measures to limit the amount of alcohol customers can consume on board flights, […]
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AT 30,000 feet the skies may be clear, but the oxygen certainly is not. Anyone who has wheezed his way through a long plane journey will know that cabin air is hardly pristine. Nearly all aircraft draw in air by way of the plane’s engine compressor. It is common for a small amount of oil […]
Read moreDisney’s CEO Robert Iger delivered earnings last Tuesday and the stock slumped about 4 percent in response the next day. The biggest news to come out of the earnings was that Disney plans to launch two over-the-top streaming services in the next two years. One will be an ESPN sports service primarily made up of […]
Read moreTech giants like IBM and Capgemini could go on a mergers and acquisitions “shopping spree” for financial technology (fintech) start-ups next year, the chief of one such start-up has told CNBC. Daniel Döderlein, CEO of Norwegian fintech startup Auka, said that tech behemoths that have shared a long-standing relationship with banks but still rely on […]
Read moreTesla’s market-crushing performance this year will continue, according to one Wall Street firm. Baird told its clients the long term opportunity for the company’s recently launched Model 3 is larger than investors think. “We expect strong demand for the Model 3 and believe the total addressable market will likely be underestimated, but think it will […]
Read moreGerman Chancellor Angela Merkel launched her re-election campaign with a scathing attack on German auto bosses on Saturday yet the electorate is unlikely to have been inspired by the criticism, according to ING Germany’s chief economist. Merkel, campaigning to secure a fourth term in office, accused auto industry chiefs of “destroying trust” in the sector […]
Read moreWith U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax. While tax cuts for business have garnered the most headlines, lobbyists and lawmakers have conceded that rewriting the […]
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