The writer is a professor at UCL and chair of the World Health Organization Council on the Economics of Health for All Even though Covid-19 is no longer formally a global health emergency, the virus is still with us and increasing the burden of disease. The pandemic has permanently changed the world: the new Pandemic…
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Global asset managers are slashing their valuations of high-profile Indian start-ups in their portfolios, with writedowns approaching 50 per cent for former investor favourites such as tutoring company Byju’s and food delivery service Swiggy, US securities filings show. The new estimates highlight the changing fortunes of Indian start-ups after a boom in 2021 and early 2022…
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BJC HealthCare and Saint Luke’s Health System signed a nonbinding letter of intent to form a $10 billion nonprofit system with 28 hospitals across Missouri, Kansas and Illinois. Richard Liekweg, president and CEO of St. Louis-based BJC, would serve as the CEO of the combined health system if a definitive agreement is reached and the…
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ExxonMobil and Chevron shareholders solidly rejected climate change proposals at the US oil majors’ annual meetings on Wednesday, scaling back support from last year and splitting with results at peers in Europe where resolutions related to global warming have won stronger support. Only 11 per cent of Exxon shareholders supported a petition calling for the…
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A rebound in the capital markets drove up Highmark Health’s net income by more than 250% during the first quarter, the nonprofit health system reported Wednesday. The Pittsburgh-based company accumulated $227 million in net income in the quarter after losing $150 million a year before, when its investments declined $200 million. Highmark Health revenue increased…
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Advocate Health’s first full quarter was a profitable one, as the newly combined system achieved a positive, albeit razor-thin, operating margin at 0.1%. Charlotte, North Carolina-based Advocate, a 67-hospital nonprofit system formed when Advocate Aurora Health and Atrium Health merged in December, reported net income of $578.74 million in the first quarter, boosted by $610.43…
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Oak Street Health will open primary care centers in four more states this year, the CVS Health division announced Wednesday. Chicago-based Oak Street Health will open clinics in Arkansas, Iowa, Kansas and Virginia beginning this summer, growing its footprint to 25 states. Oak Street Health will also open additional centers in Arizona, Colorado, Georgia, Illinois,…
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The earth is already past safe limits for humans as temperature rise, water system disruption and destruction of natural habitats have reached boundaries, a study by a group of the world’s foremost scientists has found. The research, published in the journal Nature on Wednesday, identified eight earth system boundaries that included climate, biodiversity, water, natural…
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The UK’s energy regulator has launched a formal investigation into power company Drax over whether the wood pellets burnt to generate electricity in its plant breached sustainability rules. Ofgem last year began examining whether Drax had complied with the UK’s biomass sustainability rules, and escalated the probe into an investigation announced on Wednesday. Shares in…
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Some uncool people have a knack of turning up at all the coolest parties. In the world of tech, that applies to Foxconn. On Wednesday it became the latest business to feature as an AI lister, via its relationship with US artificial intelligence chip group Nvidia. Foxconn is a theoretically prosaic contract manufacturer listed in…
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