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☆ Bill Gates just published a 7-page letter about AI and his predictions for its future
▼ + stars: | 2023-03-21 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

Bill Gates published a 7-page letter on the future of artificial intelligence. The Microsoft cofounder published a seven-page letter on Tuesday, titled "The Age of AI has Begun," outlining his views on the future of artificial intelligence. It's possible that AI could also aid in the treatment of patients who don't live nearby health facilities, Gates wrote. "Even once the technology is perfected, learning will still depend on great relationships between students and teachers," the letter reads. "To make the most of this remarkable new technology, we'll need to both guard against the risks and spread the benefits to as many people as possible," Gates wrote.

☆ Bank of America: Follow this 4-part strategy to double the stock market's returns for the next decade
▼ + stars: | 2023-02-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Bank of America believes small caps will beat the broader market significantly in the next decade. Small caps have outperformed their larger peers lately, and there's reason to believe the trend will continue for the next 10 years, according to Bank of America. The bull case for overlooked small capsBoth valuations and equity flows suggest that small caps are the market's best-kept secret right now. "So definitely for long-term investors, we think this is a great opportunity to overweight small caps." Hall acknowledged that concern but noted that unlike large caps, small caps have already factored in economic weakness.

☆ Inside digital health's reckoning, where once-hot startups are suddenly scrambling for cash
▼ + stars: | 2023-01-31 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

Analysts and CEOs told Insider more than half of healthcare startups will shut down by 2024. Healthcare startups looking to stay afloat have been laying off employees left and right. The online pharmacy Truepill burned through its cash as it struggled to fill prescriptions efficiently, two former employees told Insider. A spokesperson for Truepill told Insider in an email that the company's burn rate was in line with its projections. Courtesy NOCDWhile the broader economic pressures will hurt many startups that can't raise, it may help others, experts told Insider.

The officials said the Biden administration was considering steps similar to those already taken by Japan, which said Tuesday that all travelers from mainland China would be tested on arrival, and Malaysia, which has stepped up tracking and surveillance of travelers from China. Taiwan also said Wednesday that travelers from mainland China would have to take a PCR test on arrival, with those who test positive allowed to isolate at home. Last week, India said it would make virus testing mandatory for travelers arriving from China as well as Japan, South Korea, Hong Kong and Thailand. Any restrictions would be applied to all travelers coming from China, regardless of nationality, the U.S. officials said. Earlier this month, China abruptly eased its “zero-Covid” approach following mass protests, scrapping domestic rules and lifting quarantine requirements for those traveling to China.

☆ A top healthcare banker predicts some digital-health startups will be able to go public in 2023
▼ + stars: | 2022-12-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

SVB Securities' Jon Swope thinks some digital-health startups will IPO in the second half of 2023. In 2021, 15 US-based digital-health companies went public via IPO, according to Rock Health. Only one digital-health company has gone public this year: Akili Interactive Labs, which went public in August in a SPAC deal. Seeing the writing on the wall, digital-health companies like Komodo Health that sought to IPO this year are now putting those plans on hold. But SVB Securities' Jon Swope said he thinks the IPO market will reopen for certain digital-health companies in the second half of 2023.

☆ Amazon has only gotten started with its ambitions to be a serious player in healthcare. Here are 3 acquisitions it could make next year.
▼ + stars: | 2022-12-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

The next month, it abruptly announced it would shut down Amazon Care, its app-based primary-care service for employers, three years after launch. In November, Amazon launched Amazon Clinic, a virtual service where patients can pay Amazon directly to get treatment for common conditions like allergies and acne. Natalie Schibell, a vice president and research director at Forrester, said that was a sign Amazon had learned from its mistakes at Amazon Care. When Amazon shuttered Amazon Care, it put those mental-health ambitions on hold. Lennox-Miller said Amazon could buy health data startups the company had already invested in, like the health-equity-focused Harmony Health or the value-based-care data company Clinify Health.

☆ 3 reasons a major health insurer just made a $2.7 billion bet on a Walgreens-backed effort to upend healthcare
▼ + stars: | 2022-11-21 | by ( ) www.businessinsider.com time to read: +3 min

The deal would give it a stake in VillageMD, an annual dividend, and a push toward value-based care. VillageMD said this week that it plans to merge with fellow primary-care provider Summit Health-CityMD in an $8.9 billion deal funded in part by the healthcare giant Cigna. VillageMD CEO Tim Barry Courtesy VillageMD3 reasons why Cigna's investing $2.7 billion in VillageMDEvanko said the investment provides financial and strategic benefits for Cigna. That stake would provide the healthcare company, which reported profits of $5.4 billion in 2021, with an annual dividend of about 5.5% on $2 billion of the $2.7 billion investment, Evanko said, according to a transcript from Sentieo. Evernorth could take what it learns from partnering with VillageMD and extend those capabilities to other healthcare providers it works with, he said.

☆ A top Cigna exec shares 3 key reasons the health insurer just bet $2.7 billion on Walgreens-backed primary-care upstart VillageMD
▼ + stars: | 2022-11-11 | by ( ) www.businessinsider.com time to read: +3 min

Cigna is putting $2.7 billion behind primary-care company VillageMD's merger with Summit Health-CityMD. The deal would give it a stake in VillageMD, an annual dividend, and a push toward value-based care. VillageMD said this week that it plans to merge with fellow primary-care provider Summit Health-CityMD in an $8.9 billion deal funded in part by the healthcare giant Cigna. VillageMD CEO Tim Barry Courtesy VillageMD3 reasons why Cigna's investing $2.7 billion in VillageMDEvanko said the investment provides financial and strategic benefits for Cigna. Evernorth could take what it learns from partnering with VillageMD and extend those capabilities to other healthcare providers it works with, he said.

☆ Meet 5 of Goldman Sachs' newest partners, including a top fintech dealmaker and a structured trader from Honduras whose 3 brothers also work on Wall Street
▼ + stars: | 2022-11-09 | by ( Dakin Campbell | Alex Morrell | Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

It also includes a star fintech banker and leading voice on the Black experience on Wall Street. Here are 5 top names who will help shape the Wall Street of tomorrow. In the 12 years that he's been at Goldman, Watkins has helped Goldman advise on some of the technology industry's biggest transactions. He has also been a leading voice in discussing the Black experience on Wall Street. After graduating in 2010, he went to work for the Global Electronic Trading Co., known on Wall Street as GETCO.

☆ Clothes, electronics, and toys are set to get cheaper this holiday season. That doesn't really help most Americans deal with inflation.
▼ + stars: | 2022-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Americans are set to receive discounts on clothing, electronics, and toys this holiday season. "You could tell the same story for healthcare, childcare, tuition. Mark PerryPrices of electronics, toys, and apparel could see "massive" discounts in the coming months of over 32%, per an Adobe Analytics forecast. Perry says the "most concerning trends" are in the rising costs of college tuition and hospital services. In comparison, software, electronics, toys, and clothing – industries with less regulation — have seen prices fall, he wrote in a July blog post.

☆ Digital-Health Venture Funding Pulls Back from Last Year’s Rush
▼ + stars: | 2022-10-13 | by ( Brian Gormley | ) www.wsj.com time to read: 1 min

Venture-capital investment in digital health is down from last year’s record pace and increasingly focused on startups to help healthcare providers operate more effectively, an industry report said. U.S. startups in digital health—including telemedicine, software-based therapeutics and technology to help medical practices function more efficiently—secured $2.2 billion in venture capital during the third quarter, according to Rock Health, a San Francisco-based venture investor and advisory firm. It was the slowest quarter for digital-health investment since the fourth quarter of 2019, when companies raised $2.1 billion, Rock Health said.

☆ Judge denies U.S. bid to stop UnitedHealth plan to buy Change
▼ + stars: | 2022-09-19 | by ( Diane Bartz | ) www.reuters.com time to read: +2 min

WASHINGTON (Reuters) -A U.S. judge on Monday denied the Justice Department’s bid to stop UnitedHealth Group from buying Change Healthcare, a court filing showed, in a blow to the U.S. administration’s tougher enforcement of antitrust issues. UnitedHealth announced the all-cash deal in January 2021, saying it would help streamline administrative and payment processes. UnitedHealth said it was “pleased with the decision” and looked forward to combining with Change as quickly as possible. The Justice Department had said that UnitedHealth and Change Healthcare offer competing software for processing healthcare claims and together serve 38 of the top-40 health insurers in the country. The Justice Department also lost a bid to win convictions of executives at chicken processing companies that it accused of price-fixing.

☆ In leaked memo, Google's controversial, visionary healthcare executive Andy Conrad lays out Verily's challenges and a path toward independence: 'I have drifted away from my true passion.'
▼ + stars: | 2022-09-09 | by ( Hugh Langley | ) www.businessinsider.com time to read: +8 min

"Verily is increasingly becoming a more commercial-stage company," Conrad told employees. "I've come to realize that I have drifted away from my true passion — science," Conrad said in the memo. "So at the New Year I want to move away from running the company day to day to concentrate on projects for which I have a deep interest and can contribute in a meaningful way." Insider previously reported that Conrad had taken a step back from day-to-day responsibilities as Gillett had increasingly absorbed more leadership responsibilities. Conrad said the company would search for a new CFO "with a deep healthcare background for the next phase of our growth."

☆ Try our searchable database of more than 350 Wall Street headhunters to find your dream job in private equity, investment banking, or hedge funds
▼ + stars: | 2022-01-03 | by ( Alex Morrell | Reed Alexander | Shayanne Gal | ) www.businessinsider.com time to read: +2 min

Insider has compiled a searchable list of more than 350 Wall Street recruiters. The database includes recruiters who focus on traders, dealmakers, portfolio managers, and bankers. Wall Street jobs have been in high demand and the trend is only expected to continue in 2022. Buy-side trading firms have been snapping up a slew of star derivatives traders from investment banks. The searchable database contains recruiters who focus on front-office investment professionals — traders, dealmakers, portfolio managers, bankers, and the executives those people report into.

☆ Social Determinants of Health: Technology, examples and healthcare trends in 2021
▼ + stars: | 2021-04-16 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +9 min

Healthcare payers and providers are broadening the scope of health-influencing factors they address to include social determinants of health (SDOH). The following is a preview of one Digital Health report, the Social Determinants of Health Report. Hospitals and insurers use digital health to tackle nonclinical health factors. What are social determinants of health (SDOH)? Social determinants of health (SDOH) are non-medical, economic and environmental conditions that both directly and indirectly impact one's health, like access to transportation and nutritious food.

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