Shares of drugstore companies are tumbling Thursday after Amazon announced it signed an agreement to acquire online pharmacy PillPack. Walgreens Boots Alliance stock plunged 9.7 percent, while CVS Health fell 9.3 percent and Rite Aid dropped 10 percent respectively. PillPack is an online pharmacy that packages, organizes and delivers pre-sorted doses of medications. In November […]
Read moreAmazon is acquiring online pharmacy PillPack in a deal that could shake up the drugstore industry. Terms of the deal were not disclosed. The companies expect the deal to close during the second half of the year. The deal is the strongest indication yet of Amazon’s intent to move further into the health-care industry. It […]
Read moreOne top Wall Street firm believes Google-parent company Alphabet needs take dramatic measures to compete with the success of the Amazon Echo. Morgan Stanley told its clients the internet giant should defend its retail ad sales turf by giving away its Home Mini devices, and it wouldn’t cost that much. “We argue Alphabet needs more […]
Read moreAmazon‘s Prime Day is likely right around the corner, and that means the company will be pushing its own in-house brands with time-sensitive deals and deep discounts. This year, the e-commerce giant has much more to offer, according to a new report from One Click Retail. Amazon hasn’t announced the day of its annual shopping […]
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Finding a pair of jeans that fit perfectly can be hard. LikeAGlove is trying to change that. The Israeli start-up created a pair of smart shorts that use sensors to take exact measurements of your waist and hips. After the data is synced with the app, a catalog pops up with listings from 15 major […]
Read moreThe ceremonial groundbreaking for a massive $10 billion Foxconn factory complex in Wisconsin was supposed to be evidence that the manufacturing revival fueled by President Donald Trump’s “America First” policy is well underway. But an announcement this week by Harley-Davidson that it is moving some production of motorcycles overseas to avoid tariffs is fueling unease […]
Read moreHealth care startup says A.I. can diagnose patients better than humans, doctors call claim 'dubious'
Health care start-up Babylon Health has said that its artificial intelligence (AI) is able to diagnose medical conditions as accurately as a doctor, but physicians have called the claims “dubious.” Babylon has created a chatbot that lets you talk with an AI that can interpret symptoms and tell a person what the problem is. It […]
Read moreA federal court in Dallas on Wednesday halved the $500 million verdict that a jury ordered Facebook, its virtual reality unit Oculus, and others to pay ZeniMax Media, a video game publisher that alleged Oculus stole its technology. U.S. District Judge Ed Kinkeade also turned down ZeniMax’s request for a ban on the sale or […]
Read moreAs farmers face new challenges, from higher tariffs to extreme weather, Ceres Imaging is helping them optimize their crop production with sensors, software and aircraft. Ceres started out building drones specifically for agricultural use. But like Facebook, which recently shuttered its solar plane project, Ceres found another way to deliver its services. Now, the Oakland, […]
Read moreA pickup in production of Tesla’s Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast. Silicon Valley tech billionaire and Tesla Chief Executive Elon Musk earlier this month said his company should achieve […]
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