Two analysts at Leerink Partners said that Amazon is poised for a direct threat to the U.S.’s biggest brick-and-mortar drugstore chains and the e-commerce company is almost certain to enter the business of selling prescription drugs by 2019. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to…
Tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico, Tesla Inc Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November. Echoing his own comments in July, when he showed off some…
On his historic, four-day state visit to Russia, Saudi King Salman bin Abdulaziz brought 1,500 people, a golden escalator and his own carpets, reported the media quoting people familiar with the matter. The special escalator he travels with was used by the 81-year-old leader of the Gulf kingdom after he exited his plane late Wednesday and stepped out…
Saying the gathering might represent “the calm before the storm”, while posing for photos with military leaders, U.S. President Donald Trump offered cryptic remarks on Thursday. Ahead of a dinner expected to include the discussion of a range of national security issues, he made the comments among senior military leaders and their spouses in the White…
Complete with three white stripes down the side, pea-size beads of white plastic pour into what looks like a minivan-size Adidas shoe box in a production hall as clean as a hospital. With only one worker needed to wedge in pieces of plastic called stability bars, in just a few seconds the machine heats and…
A British start-up that manages diversified investment plans is the latest company for investments by insurance giant Aviva where the company has bought a majority stake. Via its app MyAviva, the customers of the insurance company would be allowed to access “robo” investment firm Wealthify’s services by this stake acquisition, the insurer said on Thursday. Through…
After the U.S. Department of Commerce decided to slap heavy import tariffs on jets partly made in Northern Ireland, the so-called “special relationship” between the U.S. and U.K. was looking decidedly shaky. Hints that the trade relations with the U.S. aerospace company could be further affected was given by U.K. Prime Minister Theresa May after…
If you’re looking to find out where highly successful leaders get their inspiration – here is the answer. Self-made billionaire Richard Branson is worth an estimated $5.1 billion, according to Forbes which he has derived from more than 60 businesses that he has overseen. Sharing of his leadership tips has been a trait for Branson. after…
An average of more than $193,000 is earned by expatriates moving to Switzerland which is also the home to some of the biggest private banks, commodity traders and pharmaceuticals companies. A study published by HSBC Holdings Plc shows that it is 54 percent more than if they’d stayed at home and is the highest in the…
Creating a European champion to better withstand the international advance of China’s state-owned CRRC, German industrial group Siemens and French rival Alstom agreed to merge their rail operations. While Alstom will supply Henri Poupart-Lafarge as chief executive, helping to counter criticism that France is giving up control of another national industrial icon, Siemens will own 50 percent plus a…
