Amazon is joining forces with Berkshire Hathaway and JPMorgan Chase to bring their employees better and cheaper healthcare. The three companies will start an independent company focused on technology that will make the healthcare system more efficient. Details are scarce as plans are still in the early stages.
Facebook is changing its News Feed yet again to focus on local news sources. CEO Mark Zuckerberg said in a Facebook post the shift will be good for "your well-being and for society." This is the third major change to the News Feed in the last few weeks. The social media company is now featuring posts from friends and family higher than publishers and is also ranking media accounts based on how trustworthy they are.
Music legend Linda Perry joins us to discuss her new campaign highlighting independent artists. The Intuit Quickbooks' new "Backing You" campaign helps propel emerging artists forward. Perry, a member of the Songwriters Hall of Fame, has written songs for Christina Aguilera, Pink, and Gwen Stefani.
Plus, we hear from the founder and CEO of Pymetrics, a company that uses artificial intelligence to match people with the right job. Dr. Frida Polli started Pymetrics to take discrimination out of the hiring process, which she says is often biased against women and people of color. Polli hopes her company will show people the benefits of A.I. technology.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
