The days when Netflix was considered one of the five best-performing US tech companies are long gone. The streaming service’s share price is down 71 per cent from its high point last year. That eclipses the sell-off at Apple, Alphabet, Facebook/Meta and Amazon — aka the other Faang stocks. Netflix has announced job cuts and…
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A healthcare software company backed by Providence health system will make its debut Wednesday. The venture, dubbed Advata, is an amalgam of several entities that have been part of Tegria, a for-profit subsidiary of Renton, Washington-based Providence. When the not-for-profit health system established Tegria in 2020, it included nine healthcare technology and services companies. A…
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Tesco has been rebuked by the UK advertising watchdog after the country’s largest supermarket chain failed to show that its Plant Chef burgers and plant protein-based foods were more environmentally friendly than their meat equivalents. The Advertising Standards Authority, which has launched a crackdown on so-called “greenwashing”, barred Tesco from repeating a series of adverts…
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The UK government has promised “the biggest shake-up in health and social care leadership in a generation” as it published a review that criticised “institutional inadequacy” in the way the NHS trained, developed and valued managers. The review by retired general Sir Gordon Messenger also found evidence of poor behaviour and attitudes among staff “such…
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A union representing 1,300 resident physicians and fellows at three Los Angeles County hospitals reached a tentative contract with the county, averting a potential strike, the labor organization said Tuesday. The Committee of Interns and Residents, a local chapter of Service Employees International Union, entered additional negotiations with the county following its vote late last…
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US government advisers have recommended the approval of a fourth Covid-19 jab developed by Novavax, expressing hopes that it can help boost the nation’s flagging immunisation programme as a new wave of infections sweeps across the population. Scientists on a US Food and Drug Administration advisory panel on Tuesday voted overwhelmingly in favour of authorising the…
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American adults who haven’t yet gotten vaccinated against COVID-19 may soon get another choice, as advisers to the Food and Drug Administration on Tuesday backed a more traditional type of shot. Next, the FDA must decide whether to authorize the protein vaccine made by latecomer Novavax as the nation’s fourth coronavirus shot for adults. It’s…
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Two million people who sought care at more than 50 Shields Health Care Group partners across the New England region may have had their personal data exposed after the company’s network server was breached in March. The cyberattack occurred between March 7 and March 21 and was discovered March 28, the healthcare group said Tuesday.…
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UK care home providers face paying up to four times pre-pandemic levels for their insurance, leaving “many” at risk of going out of business, a leading charity has said. The higher premiums come on top of pressures caused by lower occupancy rates, staff shortages, a shortfall in funding, and soaring energy bills and other costs.…
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Sebastian Siemiatkowski, Klarna’s chief executive and co-founder, was surprisingly upbeat after Apple announced it was entering the buy now, pay later arena where his company has been dominant. “It is a great win for consumers worldwide that Apple is now embracing a better form of consumer credit,” he wrote on Twitter on Tuesday morning. “Plagiarism…
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