Theranos to reportedly shut down, Amazon hits a trillion dollar record, and more top news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
Troubled blood-testing company Theranos will formally dissolve, reports The Wall Street Journal. The news follows federal prosecutors filing criminal charges in June against founder Elizabeth Holmes and executive Ramesh Balwani. Both stand accused of defrauding investors, doctors and patients; they deny the charges and will face a criminal trial. Theranos had claimed to have invented groundbreaking new technology, but reporting by The Wall Street Journal revealed its blood-testing was unreliable. ? Here’s what people are saying.
Amazon has become the second publicly traded U.S. company to be worth $1 trillion. On Tuesday, the retail giant’s shares rose nearly 2% during morning trading to reach a high of $2,050.50. Amazon's market value has since slipped below the symbolic mark, which Apple hit less than one month ago. Amazon’s diverse portfolio, which includes Whole Foods and PillPack, is its value driver, say analysts. ? Here’s what people are saying.
Nike’s new Colin Kaepernick ad is generating plenty of discussion. In the 24 hours after the former NFL player tweeted the “Just Do It” spot, the sportswear giant has raked in more than $43 million worth of coverage. Kaepernick hasn’t been signed to play since he "took a knee" for the national anthem in 2016 to protest racism and police brutality, inspiring a league-wide movement. ? Here’s what people are saying.
Six current and former JPMorgan employees have settled a discrimination case for $24 million. The employees — who accused the company of favoring white advisors — will receive $19.5 million while the bank will put $4.5 million into a fund to recruit black employees and implement bias training, among other things. The share of black employees at the investment bank dropped to 13.4% in 2017, from 16% in 2011. JPMorgan did not admit to wrongdoing. ? Here’s what people are saying.
Amazon, Berkshire Hathaway and JPMorgan have named Jack Stoddard as COO for their new health care venture. Stoddard previously served as Comcast’s general manager for digital health and on the founding team of Accolade, which is a startup that helps people manage their health benefits. Author and surgeon Dr. Atul Gawande started as CEO in July. While little is known about the collaboration, the group said it wants to address rising health care costs for their workers. ? Here’s what people are saying.
Idea of the Day: Being successful is something that takes continued effort, and even the best entrepreneurs are not perfect, says Purple Cow Startup Fund founder Sheng Fu.
“Every successful entrepreneur has to work hard because although someone is a successful entrepreneur, they still can't be perfect in every aspect.”
What's your take on today’s stories? Share your thoughts in the comments.
Product Design Engineer
6 年Nice
--truck driver dumper caterpillar dipl?me professionnel post réceptionist magazine 13 years
6 年J attent votre réponse rapide cvp je suis à votre disposition
Ellen Douglas
6 年Respectfully, I personally do not see knealing as a disrespect to 'the country'. Knealing is actually a prayful position, is it not? I concerned position. IF they stood and turned around showing their back - that I believe, could be seen as disrespectful. Or flipping the bird. This country is based on lthe right to share your opinion. In the hearts of those knealing one must look at their intension. I am too, saddened when an police violently go overboard. Look at when they shot the unarmed guy in NYC 41 times. When Bruce Springsteen wrote and sang 41 shots, people said, 'Why do these musicians have to get political? Why can't they JUST sing?' Ahhh, music (any art) is very often the reflection of a social opinion created in song. That's what slaves used to get their work done. So, again, knealing seems to me to be a non-violent, silent protest about injustice that has taken a human life. Does anybody agree with me?