Connoisseurs of the Amazon media narrative knew exactly what to expect when the retailer announced its acquisition of online pharmacy PillPack for just under $1 billion: lots of headlines about disruption, combined with breathless reporting about the plunging share prices of Rite-Aid, Walgreens, and CVS. Everything Amazon touches, it seems, gets automatically imbued with industry-shaking […]
For people who put down a $1,000 deposit for a Tesla Model 3 as long as two years ago, the big day has arrived. Specifically, the day has arrived when they can give Tesla another $2,500 and then wait a few more months for their car to arrive. Days before the end of the second […]
The older we get, the greater our likelihood of dying. Or at least that’s what we thought. New research suggests mortality rates level off after we turn 105, and that no upper limit exists for the human lifespan. It’s an extraordinary conclusion—one that’s not going over very well with other aging researchers. Back in 1825, […]
A new study from the Georgia Institute of Technology provides new clues indicating that an exoplanet 500 light-years away is much like Earth Kepler-186f is the first identified Earth-sized planet outside the solar system orbiting a star in the habitable zone. This means it’s the proper distance from its host star for liquid water to […]
Shares of drugstore companies are tumbling Thursday after Amazon announced it signed an agreement to acquire online pharmacy PillPack. Rite Aid plunged 11.1 percent, Walgreens Boots Alliance sank 9.9 percent and CVS Health fell 6.1 percent, respectively. The three companies collectively lost approximately $11 billion in market value on Thursday alone. Conversely, Amazon shares rose […]
Deutsche Bank was the only major financial institution to fail the Federal Reserve’s annual stress test exam, dealing another blow to Germany’s largest lender. The Fed raised more moderate concerns about Goldman Sachs and Morgan Stanley that will limit the ability of those Wall Street banks to raise their dividends and buy back more of […]
At approximately 9:35 AM Japanese Standard Time on June 27th, the JAXA (Japanese Aerospace Exploration Agency) spacecraft Hayabusa 2 successfully rendezvoused with its target, the diamond-shaped asteroid 162173 Ryugu. The spacecraft launched on December 3rd, 2014, and has spent the last three and a half years en route. The spacecraft is now just 20 kilometers […]
Chipotle Mexican Grill Inc (CMG.N) said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership. Chipotle’s share price has risen more than 80 percent since Niccol’s hiring was announced in […]
As telecom giants T-Mobile and Sprint head to Capitol Hill to garner support for their proposed $26 billion merger from lawmakers, former Boost Mobile USA CEO Peter Adderton warned that allowing this deal to go through could have an adverse effect on prices. T-Mobile Chief Executive John Legere and Sprint Executive Chairman Marcelo Claure will […]
The West Coast may have the best returns for homeowners looking to sell, Aaron Terrazas, economic research director at Zillow, told CNBC. According to a new report from Zillow, Bay Area locales such as San Francisco and San Jose, California, as well as Los Angeles have median selling profits of more than $100,000 — nearly […]
A genetically modified poliovirus may help some patients fight a deadly form of brain cancer, researchers report. The experimental treatment seems to have extended survival in a small group of patients with glioblastoma who faced a grim prognosis because standard treatments had failed, Duke University researchers say. “I’ve been doing this for 50 years and […]
Scientists have found a new threshold for how far temperatures can plummet below zero on Earth, according to a study published this week in Geophysical Research Letters. Antarctica’s eastern plateau can see temperatures as cold as 144 degrees Fahrenheit below zero, according to new data that has been added to a preliminary study from 2013. […]
