DIRS.INFO The most relevant business & tech news

☆ How to Revive a Dying Main Street? One U.K. Landlord Offered Free Rent.
▼ + stars: | 2023-07-12 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +1 min

They each have to pay rent, but several said they were still getting a good deal. Changes on Kingland Crescent have flowed into the neighboring shopping center that Legal & General also owns. “Poole was our pilot,” said Denizer Ibrahim, who leads the retail strategy at Legal & General. After two years of gathering data, the landlord is thinking about what worked and can be replicated elsewhere. But it does not expect to offer free rent again.

Persons: Ms, Dean, “ Poole, ”, Denizer Ibrahim, Ibrahim Organizations: General, National Health Service, Legal Locations: Kingland

☆ One in two pet owners say their furry friend is equal to a human family member, survey finds
▼ + stars: | 2023-07-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

One in two owners say pets are just as important as human members of their family, a survey found. The US pet industry will be worth $200 billion a year by the end of the decade, Bloomberg forecasts. One in two pet owners think their furry friends are as much a part of their family as a human, according to a new survey. The online research surveyed the views of just under 3,000 pet owners in April. It found women were more likely to consider their pets equal to a human family member (57%) than men (43%).

Persons: groomers, Kristen Hawley, tartare, filet mignon, I'd Organizations: Bloomberg, Pew Research Center Locations: Francisco's, San Francisco

Tokyo CNN —Japan’s Supreme Court handed down a landmark decision on Tuesday, ruling against a government agency that had barred a transgender employee from using the women’s bathroom, according to public broadcaster NHK. The decision was the top court’s first ruling involving the rights of sexual minorities in the workplace, NHK reported. The plaintiff is an employee in her 50s, working at Japan’s Ministry of Economy, Trade and Industry (METI). In an email to CNN on Tuesday, METI said it was aware that there was a Supreme Court ruling Tuesday regarding the use of women’s bathrooms by a transgender METI employee. And under Japan’s Gender Identity Disorder Special Cases Act, enacted 20 years ago, transgender individuals must undergo invasive surgeries – including sterilization – to be legally recognized according to their gender identity.

Persons: Tokyo CNN —, METI, “ Organizations: Tokyo CNN, Tokyo CNN — Japan’s, Court, NHK, Japan’s Ministry, Economy, Trade, Industry, National Personnel Authority, CNN, Japan’s Locations: Tokyo, Japan

Pet insurance will generally only cover a cat's visits to the emergency room, not routine vet visits. What does pet insurance for cats cover? Pet insurance, including insurance for cats and kittens, is designed to cover emergencies. Cat and Kitten Insurance Frequently Asked QuestionsWhat pet insurance should I get for my kitten? Pet insurance can help reduce these expenses or spread them out over time through monthly premium payments.

Persons: Joey Lusvardi, he's, they've, Brian Evans, Luvardi, it's, Evans, Will, you'll, Lusvardi Organizations: Animal Medical, Kitten Insurance

☆ Wall St Week Ahead As earnings loom, investors weigh recession resilience
▼ + stars: | 2023-07-07 | by ( David Randall | ) www.reuters.com time to read: +5 min

The financials sector is down 2%, while energy is nearly 9% lower. These unloved sectors are growing attractive to investors increasingly torn over whether a long-feared U.S. recession will ever materialize. Quincy Krosby, chief global strategist for LPL Financial noted a "tug of war" in the market over the likelihood of a recession. The healthcare sector trades at a forward price-to-earnings ratio of 17.6, well below the 20.1 ratio of the broad S&P 500. Yet a continued rally in megacaps will likely stretch their valuations further, prompting some investors to rotate toward healthcare and financials, LPL Financial's Krosby said.

Persons: Goldman Sachs, Quincy Krosby, Sameer Samana, Max Wasserman, Financials, Tom Ognar, Morgan Stanley, John Quealy, Financial's Krosby, David Randall, Megan Davies, Michelle Price, Richard Chang Organizations: YORK, Global, BofA, Commerce Department, LPL Financial, Reserve, Wells, Wells Fargo Investment Institute, FINANCIALS, Miramar Capital, Abbott Laboratories, Allspring Global Investments, LPL Financial Holdings Inc, Trillium Asset Management, Russell, Thomson Locations: U.S, BlackRock, Wells Fargo, megacaps

☆ 3 of our stocks get price target hikes on Wall Street — one of them is a really big call
▼ + stars: | 2023-07-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch GEHC and Danaher Evercore ISI bumped up its GE Healthcare (GEHC) price target to $92 from $90 and kept its outperform rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Meta, Microsoft Keybanc, Morgan Stanley, Danaher, Jim Cramer's, Jim Organizations: CNBC, Microsoft, GE Healthcare, ISI Locations: U.S, There's

☆ Thermo Fisher to acquire CorEvitas for about $913 million
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Thermo Fisher has been on an acquisition spree in recent years as it strives to become a one-stop shop for biopharma services. CorEvitas is expected to boost Thermo Fisher's annual adjusted earnings per share by 3 cents next year. The data provider also has the potential to generate $110 million of revenue in 2023, Thermo Fisher said. CorEvitas' data intelligence platform would be added to Thermo Fisher's laboratory products and biopharma services unit, upon completion of the deal. Shares of Massachusetts-based Thermo Fisher were down 1.3% at $514 in early trading.

Persons: Fisher, CorEvitas, Puneet, Sriparna Roy, Shilpi Majumdar Organizations: SVB Securities, Audax Private Equity, Massachusetts, Thomson Locations: U.S, Boston, Bengaluru

☆ EV batteries remain major challenge for insurers - UK's Thatcham
▼ + stars: | 2023-07-04 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, July 5 (Reuters) - A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday. Adrian Watson, Thatcham's head of engineering research, said in an ideal world insurers could make informed decisions about whether to repair EVs or write it off based on access to data on its state of health after an accident. "The diagnostics we have do not enable you to really know what the status of the battery is." Due to their potential fire risk, damaged EVs awaiting repair must be stored outside at least 15 metres (49 ft) from other objects. An outside facility for 100 fossil-fuel cars today would have space to safely quarantine just two EVs, Thatcham said.

Persons: BEV, Thatcham, Adrian Watson, Thatcham's, Nick Carey, Josie Kao Organizations: Reuters, Thomson

☆ There's a big venture capital funding downturn — except for this one set of investors
▼ + stars: | 2023-06-28 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Venture capital funding into startups has drastically slowed. Corporate venture capital grew in 2022 and looks to grow again in 2023, bucking the broader downturn. Continuing a pullback in funding activity in 2022, venture capital into European startups fell by 32.1% in Q1 of 2023, per Pitchbook data. Faced with the prospect of raising down rounds at slashed valuations, startups are turning to an alternative mode of funding — corporate venture capitalists. A corporate venture capital firm, or CVC, is the investing arm of a specific business.

Persons: Ekaterina Almasque, Almasque, Sabrina Maniscalco, Luis Valente, Valente, iLoF, Charlie Bullock Organizations: Corporate, GV, Google, Catalyst, Catalyst Fund, Presidio Ventures, Japan's Sumitomo Corporation, Microsoft, OSRAM Ventures

☆ Drug discovery and 'techbio': What Europe's health startup investors are betting on in 2023
▼ + stars: | 2023-06-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

They named drug discovery and the emerging 'techbio' sector as areas of interest. COVID-19 fueled huge interest in health-tech startups, with VCs pouring a record $25.1 billion into health and biotech startups in 2021. Startups in the space are bringing new applications of tech to fields such as drug discovery, bioengineering, and patient care. VCs are still betting on drug discoveryEven though funding into drug discovery startups has significantly stalled this year, at just $126 million, startup valuations have picked up since 2022. Health-tech VCs won't splurge cashWhile COVID-19 did give healthtech startups a chance at the spotlight, they were still overshadowed by their counterparts in fintech and software-as-a-service.

Persons: techbio, healthtech Organizations: Morning, VCs, pharma, Big Pharma Locations: fintech, Munich, Germany, Europe

☆ Retail investors slow to buy into ARK Innovation Fund's blistering rally
▼ + stars: | 2023-06-21 | by ( David Randall | ) www.reuters.com time to read: +3 min

NEW YORK, June 21(Reuters) - Individual investors have given a cold shoulder to Cathie Wood’s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. ARK Invest, the fund's parent company, did not respond to a request for comment. Domestic equity funds and ETFs posted a total of $151.3 billion in outflows year to date through June 7th, according to data from trade group the Investment Company Institute. Optimism among individual investors vaulted to a 19-month high in the latest American Association of Individual Investors (AAII) Sentiment Survey.

Persons: Todd Rosenbluth, Rosenbluth, Virag Shah, Van, Morgan Stanley, Shah, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: YORK, Innovation Fund, Invest, Investment Company Institute, Van Leeuwen & Company, American, of, Tesla, Roku Inc, Sciences, Thomson Locations: Van Leeuwen

☆ Legendary VC Vinod Khosla predicted in 2016 that AI would eventually transform healthcare
▼ + stars: | 2023-06-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +3 min

In a 2016 paper, Vinod Khosla predicted that there will be some form of automation in healthcare. Buzzy healthcare startups utilizing AI are now capturing the attention of VCs amid a broader wave of AI interest. Hippocratic AI, which recently raised $50 million for its seed round, plans to use machine learning to train AI models for use in healthcare. Carta Healthcare, which uses AI to help healthcare providers cut costs, announced this month it raised $25 million. And New York-based startup Hyro, raised $20 million to replace outdated chatbots in healthcare with conversational AI.

Persons: Vinod Khosla, Khosla, OpenAI, Kleiner Perkins, Chris Sacca's Organizations: –, Carta Healthcare, Harvard Locations: York

☆ Food addiction: What it is and how to overcome it
▼ + stars: | 2023-06-15 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

Known as food addiction, the condition isn’t limited to older adults — previous food addiction data had primarily centered around young- to middle-age adults up to around 50, said Ashley Gearhardt, lead author of the latest research by Michigan Medicine and a pioneer in the field of food addiction studies. But the type of treatment that would be offered for food addiction would be very different, because not everyone who reports having food addiction is binging, and the underlying neurology of food addiction and binge eating disorder aren’t the same. Food hijacking the brainThe criteria defining food addiction revolve specifically around highly processed food, instead of all food, because of how the brain responds to its consumption, experts said. Living with food addictionNot everyone who eats highly processed food develops an addictive relationship to it. “So, I don’t have science to say, ‘Here is the best treatment for this addiction,’ which is unfortunate.”Undergoing therapy can help with food addiction.

Persons: Ashley Gearhardt, Gearhardt, Kristin Kirkpatrick, wasn’t, “, ’ ”, hasn’t, she’s, they’re, ” Kirkpatrick, “ It’s, ” Avena, It’s, ”, Nicole Avena, Kirkpatrick, we’ve, ” Gearhardt, they’ll, ‘, it’s, — you’re, we’re Organizations: CNN, Michigan Medicine, Cleveland Clinic, University of Michigan, Disorders Locations: New York, Michigan

☆ This startup is working with Stanford University to tackle antibiotic resistance. Check out the 13-slide pitch deck Solu used to secure $1 million.
▼ + stars: | 2023-06-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Finish biotech startup Solu has raised $1 million in a round led by Oura-backer Lifeline Ventures. Solu is working with Stanford University to solve the growing problem of antibiotic resistance. A startup working with Stanford University to combat the issue of antibiotic resistance has secured $1 million in fresh funds. Antibiotic resistance is when bacteria start to resist the effect of medication, evolving into 'superbugs'. The World Health Organization has tipped antibiotic resistance to be one of the biggest threats to health and food security.

Persons: Sam Sihvonen, Sihvonen, Paul L, Solu, Kristian Ranta, Lauri Sippola Organizations: Oura, Lifeline Ventures, Solu, Stanford University, World Health, Stanford University's Medical, DoorDash, Meru Health, Kaiku Health Locations: Finland, Finnish, Meru

Republican hopefuls have alleged, without evidence, that the investigation into Trump, who is running to unseat Biden from the White House in 2024, is politically motivated. As the charges against Trump were unsealed, Biden was in North Carolina, where he was discussing his economic agenda and had plans to meet with military members. BIDEN, TRUMP IN SWING STATENorth Carolina is a key political swing state that Republicans are courting this weekend during a state convention. North Carolina, with 15 electoral votes, is an important political swing state that Trump won, though only with a slim margin, in 2020. He leads the North Carolina Republican field with 44% of the vote, followed by DeSantis at 22%, the poll shows.

Persons: ROCKY, Joe Biden, General Merrick Garland, Department's, Donald Trump, I’m, Biden, White, Olivia Dalton, Garland, Jack Smith, Trump, BIDEN, Jill, Ron DeSantis, DeSantis, Nandita Bose, Jeff Mason, Sarah Lynch, Jarrett Renshaw, Heather Timmons, Alistair Bell, Daniel Wallis, Diane Craft Organizations: Trump, White House, DOJ, Air Force, FBI, TRUMP, Nash Community College, Fort Liberty, Diagnostics, North Carolina Republican, White, Liberty, Thomson Locations: N.C, North Carolina, Carolina, Rocky Mount, Florida, Philadelphia . North Carolina, Fort Bragg

☆ These 9 global stocks have raised dividends for the last 30 years
▼ + stars: | 2023-06-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Nine global stocks have raised dividends every year for the past three decades, according to CNBC Pro analysis. Of about 92,000 global stocks screened by CNBC Pro, the following nine consistently rewarded their shareholders. Novartis' stock has been on an upward trend recently – rising 8.9% year to date – after moving sideways for more than six months. Novartis' dividend yield is currently 3.5%. NOVNEE-CH 1Y line Roche Like its peer Novartis, Roche , the pharmaceuticals and diagnostics company headquartered in Basel, Switzerland, offers a 3.3% dividend yield.

Persons: Maurice Choy, . Choy, Eric Le Berrigaud, Roche, Luisa Hector, James Halstead Organizations: CNBC, CNBC Pro, Fortis Canadian, Fortis, RBC Capital, Novartis, Roche, Pharma, Sage Group, Kerry Locations: Novartis Swiss, Basel, Switzerland, ROG, Spirax, Saco

☆ Dr. Chatbot will see you now
▼ + stars: | 2023-06-06 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Almost invariably, the chatbot answers were rated as three or four times as reliable as the ones from the poor wee humans. But here's the most striking part: The chatbot answers, on average, were rated seven times as empathetic as the ones from humans. It's as if the unfeeling android Mr. Data figured out how to convincingly emulate Dr. Crusher's comforting bedside manner. Give those medical chatbots access to people's individual medical records, and they could offer more precisely directed advice. Healthcare AI startups will want the cheapest versions with the most financial bang, which won't necessarily have the best patient outcomes.

Persons: feely, San Diego lurked, I'm, ChatGPT, John Ayers, Ayers, —, chatbot, they're, That's, They're, Teva Brender, Brender, Jonathan Chen, Greg Corrado, isn't, Adam Rogers Organizations: University of California, UC San Diego, Pew Research Center, Harvard, Google, Stanford University School of Medicine, Food and Drug Administration, Healthcare Locations: San Diego, San Francisco

☆ Churchill Downs to Cease Racing as It Investigates Deaths of Horses
▼ + stars: | 2023-06-02 | by ( Joe Drape | ) www.nytimes.com time to read: +1 min

Horse racing will be suspended at Churchill Downs and moved to a different Kentucky racetrack as federal and state regulators continue to investigate the deaths of 12 horses at Churchill in the past five weeks, the company said in a statement on Friday. Live horse racing will continue at the home of the Kentucky Derby on Saturday and Sunday and move next week to another Churchill Downs-owned racetrack, Ellis Park, in Henderson, Ky. The Churchill meet was to have ended on July 3 before moving on to Ellis Park for the traditional summer race meet scheduled from July 7 to Aug. 27. Diagnostics of the racetrack have not raised concerns and dirt and grass surfaces appear consistent with measurements from Churchill Downs in past years. Still, the company said it was relocating the meet even though it said “no issues have been linked to our racing surfaces.”

Persons: Churchill, — Organizations: Churchill, Kentucky Derby, Ellis Park, Safety Authority Locations: Churchill Downs, Kentucky, Churchill, Henderson, Ky, Ellis

"Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war," more than 350 signatories wrote in a letter published by the nonprofit Center for AI Safety (CAIS). As well as Altman, they included the CEOs of AI firms DeepMind and Anthropic, and executives from Microsoft (MSFT.O) and Google (GOOGL.O). Elon Musk and a group of AI experts and industry executives were the first ones to cite potential risks to society in April. AI pioneer Hinton earlier told Reuters that AI could pose a "more urgent" threat to humanity than climate change. Last week OpenAI CEO Sam Altman referred to EU AI - the first efforts to create a regulation for AI - as over-regulation and threatened to leave Europe.

☆ I'm a VP at the company behind Advil and Tums. My day starts with double-screening YouTube and Netflix and ends with surfing Amazon ratings.
▼ + stars: | 2023-05-28 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Courtesy of Beth Gaeta Beth GaetaI'm an early bird. Next, I touch base with my colleagueCourtesy of Beth Gaeta Beth GaetaWe go over P&L assumptions for new product proposals or budgets to support the high volume of consumer research we do. Courtesy of Beth Gaeta Beth GaetaI get home at around 6:30 p.m. Courtesy of Beth Gaeta Beth GaetaWhen I get home from work, I often get pulled outside to watch my younger daughter practice gymnastics on our trampoline. We also try to take a walk together whenever we canCourtesy of Beth Gaeta Beth GaetaWith the extra hours of sunlight, we have more opportunities to go on walks after work.

☆ I tested a private jet simulator. It was like playing a video game — but way more stressful.
▼ + stars: | 2023-05-21 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

I tried out a private jet simulator at a BAE Systems location in England. I tested its latest head-up display (HUD) technology, which is designed to make flying easier. I visited a BAE Systems base to try out its latest private jet simulator and experience what it's like to fly celebrities or the superrich around the world. My visit also gave me the opportunity to use one of BAE's most powerful tools — its head-up display (HUD). According to Charles, BAE is working on proposals for airlines, private jet operators, and prospective military clients to use the equipment.

☆ 'If it gets hit, we'll buy more,' Jim Cramer says of this cybersecurity firm
▼ + stars: | 2023-05-18 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Palo Alto Networks Shares of Club holding Palo Alto Networks (PANW) came under pressure Thursday, as investors fled the cybersecurity name over growing recession fears. Morgan Stanley maintained an overweight, or buy, rating on Palo Alto stock, with a price target of $255 per share. Watch Meta Platforms Shares of Meta Platforms (META) initially edged up Thursday on news Montana will become the first U.S. state to ban competitor TikTok . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here's our Monthly Meeting rapid-fire update on all 34 stocks in the Club's portfolio
▼ + stars: | 2023-05-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Ford (F): CEO Jim Farley did a fantastic job delivering in the automaker's latest quarter, and we like his decision to scale back Ford's business in China . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

We're initiating a position in GE Healthcare (GEHC), buying 325 shares at roughly $79 each. GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions. GE Healthcare is one of the global leaders in Precision Diagnostics with an industry-leading injectable pharmaceutical portfolio in contrast media and molecular imaging. GE Healthcare is one of a few companies that offer a full suite of products and solutions to support patients. GEHC YTD mountain GE Healthcare YTD performance Analysts see GE Healthcare growing EPS to $4.33 in 2024, about a 15% increase from this year's outlook.

Global medical technology company GE HealthCare is an "attractive large-cap diagnostics & imaging play," according to Oppenheimer. The firm says GE HealthCare has become more focused following its recent spinoff from its parent company. "GE Healthcare is the global leader in healthcare diagnostics, imaging, and intervention. "Its medium-term margin outlook is predicated on key initiatives," including optimizing manufacturing, introducing new products and integrated digital solutions, Kalia said. The analyst noted that GE HealthCare looks to benefit from an aging population and increase in chronic diseases.

Search resuls for: "Diagnostics"

25 mentions found