Jeff Bezos recently called RJ Scaringe, the 38-year-old founder of the electric vehicle start-up Rivian “one of the greatest entrepreneurs I’ve ever met.” He then added: “Now, RJ, where are our vans?” His comments capture the huge hype around Rivian, but also the heavy burden of expectations on it, as it prepares to list in…
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1 million trades with an aggregrate profit of $1 million? 1 single trade with a profit of $1 million? For the Follower Investor who is paying a % of the profit, it does NOT matter, but many great investors – such as Warren Buffet – made a LOT of money with a very small number…
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Since the concept of the hikikomori recluse was first introduced by a psychiatrist in Japan nearly a quarter century ago, it has encapsulated a range of terrors about society, technology and the young. In its early stages, the phenomenon of individuals withdrawing into their bedrooms for months or years at a stretch was considered a…
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As Covid-19 ripped through the world in 2020, a cluster of senior figures at Aviva Investors, the £262bn UK asset manager, held a series of virtual meetings over the course of six months to discuss the other big issue looming over their portfolios: climate change. Concerned that global warming would hit the long-term valuations of…
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The Brucejack mine under construction in 2016 © Pretium Resources Newcrest Mining, Australia’s biggest gold miner, announced on Tuesday it would buy Canadian rival Pretium Resources in a deal worth about $2.8bn. The offer gives the Canadian miner an enterprise value of about C$3.5bn ($2.8bn), factoring in debt and $202.5m in cash. Already one of…
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Tenet Healthcare will pay $1.2 billion to acquire SurgCenter Development in a deal that will add 92 ambulatory surgical centers to the for-profit health system, the company announced Monday. The transaction includes a five-year partnership and development agreement between Dallas-based Tenet’s ambulatory surgery subsidiary, United Surgical Partners International, and SurgCenter Development’s principals to provide continuity…
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Nearly 2,800 clinics operated by almost 1,500 companies are marketing unapproved stem cell treatments that lack clinical evidence of efficacy and safety, according to a study published in the journal Cell Stem Cell Thursday. Business in unlicensed stem cell therapies is growing. As of March, there were more than four times as many companies and…
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Medicare payment advisors agreed in a Monday meeting that it’s worth exploring whether administratively setting a factor to forecast cost trends for accountable care organizations could make it easier for high-performing organizations to share in savings each year. But the panel questioned whether a viable benchmark system for ACOs is even possible in a voluntary…
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A global deal to eliminate new car emissions by 2040 is struggling to attract support from the world’s largest carmakers and governments including the US and China, days before it is due to be revealed at the COP26 climate summit. Volkswagen has said it will not sign the deal while Toyota is still debating but…
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This article is an on-site version of our #techFT newsletter. Sign up here to get the complete newsletter sent straight to your inbox every weekday Netflix’s legal woesShould Netflix be treated as a distributor or a publisher? This is what lawyers continue to battle over as the streaming giant faces more defamation complaints than any major news…
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