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A start-up is suggesting a fix to the health-care morass

“There is a regulatory angle: The Affordable Care Act added tens of millions of people to the health care market, and the law created several incentives for start-ups to change how health care is provided” writes Farhad Manjoo for cnbc.com. Trump’s son-in-law, Jared Kushner), which has found ways to mine health care data to create a better health insurance service.He also wants to save the independent primary care doctor, whose practices have been battered by the perverse incentives of the American health care system.In Congress, a doomed plan to repeal…

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We tried customized shampoo and conditioner from a $110 million beauty startup — here’s what we thought

“But rather than a “one size fits all” product, he built an algorithm that could create a customized shampoo and conditioner for each individual customer” writes Emma Fierberg for businessinsider.com. Each customer fills out an online hair quiz including their hair profile, goals, and color and scent preferences.CEO and founder Zahir Dossa launched Function of Beauty last October after coming to the realization that the beauty industry hadn’t changed much in the last 100 years and wasn’t very efficient. Source: businessinsider.com Share This:

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The first high-end ‘Nokia’ phone in years has been announced

“HMD Global on Wednesday announced the Nokia 8, the first high-end smartphone the Finnish company has released since it acquired the rights to the famed Nokia brand last year” writes Jeff Dunn for businessinsider.com.au. To date, the company has only released one phone with the Nokia branding Stateside: the Nokia 6, a budget-level device that is sold exclusively through Amazon.An HMD representative said its new Nokia phones have been selling “in the millions,” but the Nokia 8 represents its first real stab at the premium market. Source: businessinsider.com.au Share This:

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Team of rivals: The startups Uber competes against around the world

“The Indian ride-hailing company operates in nearly 100 cities throughout India and is the country’s largest ride-hailing app” writes Emma Hinchliffe for mashable.com. Easy Taxi calls itself the most downloaded taxi app in the world—because it uses actual taxis, not drivers’ own cars.The 5-year-old ride-hailing app had the home-field advantage in China, and Uber realized it couldn’t win. Source: mashable.com Share This:

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Dick’s Sporting Goods downgraded on weak ‘profit profile’

“Dick’s Sporting Goods shares are up 3.1% in Wednesday trading but down more than 18% this week, after reporting second-quarter results” writes Tonya Garcia for marketwatch.com. “To say we overstayed our welcome on Dick’s Sporting Goods is an understatement,” analysts said.DKS, +3.16% was downgraded to hold from buy at Canaccord Genuity on concerns that heavy promotions are hurting the company. Source: marketwatch.com Share This:

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UnitedHealth names David Wichmann CEO

“Wichmann has spent nearly 20 years with the company and was previously its chief financial officer” writes Michael Erman for businessinsider.com. (Reuters) – UnitedHealth Group Inc said on Wednesday president David Wichmann will become the company’s chief executive, succeeding Stephen Hemsley, who is moving to the newly created role of executive chairman after more than a decade at the helm of the largest U.S. health insurer.Wichmann, 54, was widely viewed inside and outside of the company as Hemsley’s likely successor, although the timing of the change was sooner than some…

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The world’s largest movie theater chain is trying to block MoviePass’s new $10-a-month plan

“The largest theater chain in the world issued a statement late Tuesday stating that it is consulting with its attorneys on if it can stop accepting MoviePass” writes Jason Guerrasio for businessinsider.com. That is the biggest question many have in the exhibition world: How will MoviePass be financially sustainable?.  Source: businessinsider.com Share This:

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UnitedHealth CEO Stepping Down, To Be Replaced by Company President

“UnitedHealth Group Inc. (UNH) shares were up 1.23% to $196.89 in premarket trading Wednesday after the company announced that CEO Stephen Hemsley, 65, will be stepping down” writes Tony Owusu for thestreet.com. Hemsley will be succeeded by company President David Wichmann who is 54.Wichmann has also served as the chief financial officer for the company, which is the country’s largest health insurer.UnitedHealth also announced that Board Chairman Richard Burke would be appointed as the company’s lead independent director. Source: thestreet.com Share This:

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Balfour Beatty continues turnaround as profits go into the black

“Balfour Beatty has made further progress in its plan to transform the business, pushing pre-tax profits into the black for the first half of the year” writes Rhiannon Bury for telegraph.co.uk. Pre-tax profits were £12m in the six months to June 30, up from a loss of £15m a year previously.Revenues for the company were up 8pc at £4.2bn, and Balfour lifted its interim dividend by a third to 1.2p.The results are in stark contrast to the summer of 2015, when the company issued its seventh profit warning in a…

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