Amazon has held preliminary talks with makers of generic drugs about its potential entry into the pharmacy space, according to people familiar with the discussions. The conversations, including with generics giants Mylan and Sandoz, a unit of Novartis, have been high-level, and the nature of Amazon’s plans isn’t yet clear, said the people, who asked […]
Read moreMeal-kit company Blue Apron announced Thursday that CFO Brad Dickerson will replace co-founder Matt Salzberg as CEO. Salzberg will become executive chairman. “It has been a tremendous honor to serve as the CEO of Blue Apron since founding the company and I am incredibly proud of everything our team has accomplished together in just five […]
Read moreIt’s been a tough week for the FAANG stocks — though a few bounced back today. Facebook, Apple, Amazon, Netflix and Google parent Alphabet are all down for the week, anywhere from roughly 1 percent to 4 percent. That doesn’t sound like much, but when you’re dealing with this group, you’re in the biggest league […]
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That brings us to the iPhone X. This is for the folks who want it all and who don’t flinch at the $999 starting price. You’ll get a brand new OLED display that runs edge-to-edge, Apple’s new Face ID recognition technology that replaces the home button and fingerprint reader, the best cameras Apple has ever […]
Read moreHVMN, a San Francisco start-up backed by former Yahoo CEO Marissa Mayer and Andreessen Horowitz, advertises its $40-a-bottle supplements as “biohacking” compounds that will help people achieve “optimal human performance.” But CNBC has learned that the first clinical trial study commissioned by HVMN (pronounced “human”) found that one of its best-selling supplements was less effective […]
Read moreAlphabet has the most trapped value of all the mega-caps and should provide investors with reliable gains into 2018 and beyond, according to MKM Partners. Despite 33 percent stock growth in the past 12 months, the parent company of Google is still on track for upward mobility in the next year, wrote MKM analyst Rob […]
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Bitcoin already has the look of one of the biggest financial market bubbles of all time. Source: Birinyi Associates If bitcoin is indeed a cryptocurrency bubble, it’s already much larger than the Nasdaq in the late 1990s, the Dow in the roaring 1920s, and silver in the late 1970s. Birinyi Associates studied bitcoin versus 10 […]
Read moreIt’s happened time and time again. You’ve just been looking at a product on your phone, you open Facebook on your computer, it shows you an ad for that exact same product. Ad targeting from Facebook is so eerily accurate, people have begun to believe that Facebook is somehow listening to them through their phone. […]
Read moreAs Alnylam Pharmaceuticals nears approval of its first drug, the fledgling drug-maker is planning to transition out of research and development into the commercial stage. That means figuring out a pricing strategy, and CEO John Maraganore said he supports the idea of pegging increases in drug prices to the rate of inflation. “It’s hard to […]
Read moreDiane Bryant is joining Google Cloud as its new Chief Operating Officer. Google Cloud boss Diane Greene made the announcement through a blog post on Thursday. Bryant is an experienced tech executive who’s spent over 25 years at Intel. Most recently, she led Intel’s data center group, and was considered one of the top three […]
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