Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Auditchain announces mainnet deployment of its staking contracts Auditchain’s Pacioli validating Node Staking Contracts will be deployed to Polygon Mainnet by Auditchain on March 7, 2022, as part of its preparations…
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Google and Facebook paid Australian media companies around A$200mn ($146mn) in the past year because of new regulation that has helped the local industry, according to a new report. But the system remains an “opaque mess” and some companies are unable to negotiate easily with Big Tech companies, warned the report published on Thursday by…
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On June 24 2021, Jay Powell and Janet Yellen sat down for their weekly breakfast amid the austere surroundings of the US Treasury building on 1,500 Pennsylvania Avenue. There was only one major question on the agenda: should they give the green light for a global cryptocurrency designed by Facebook? The chair of the Federal…
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In 2020, Trōv developed the Embedded Insurance Platform (EIP) and launched it in June 2021. The EIP was purposed to aid the distribution of P&C insurance products by companies with digital footprints. Trōv saw the latent potential in embedded insurance and tapped the market need of digital consumer brands that sought new insurance offerings. Recently,…
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Ontario Teachers’ Pension Plan has led a £210mn funding round in UK financial technology group Lendable as Canada’s largest single-profession pension fund deepens its push into private markets. London-headquartered Lendable was founded in 2014 and has built a technology platform to connect global institutional investors with borrowers across loans, credit cards and car finance. The…
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A combination of high levels of immunity and the reduced severity of the Omicron variant has rendered Covid-19 less lethal than influenza for the vast majority of people in England, according to a Financial Times analysis of official data. But the speed with which Omicron infects people still pushed the total number of deaths this…
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Amazon has announced a 20-for-1 stock split and a share buyback of up to $10bn, in an effort to boost its stock price in the face of heavy operating costs and concerns over staff retention. The split, which does not technically change the company’s fundamental value but often spurs investor optimism, is the fourth in…
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Providence health system endured much deeper operating losses in 2021 than during the previous year, the not-for-profit company reported Wednesday. Providence recorded a $714 million operating loss on operating revenue of $27.3 billion last year, down from $306 million and $25.7 billion in 2020. The 52-hospital chain accrued $1.2 billion from non-operating income and $313…
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Hospitals and providers say federal regulators should seek authority from Congress to require Medicare Advantage plans to pause prior authorization requirements during future public health emergencies. The Centers for Medicare and Medicaid Services allowed MA plans to relax or waive prior authorization requirements for patient transfers to post-acute care facilities during 2020 due to the…
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Austria has suspended its controversial law requiring all adults to take a coronavirus vaccine. Following the advice of a panel of legal and scientific experts, the government announced on Wednesday afternoon that the vaccine mandate, which came into force barely a month ago, was no longer “proportionate”. The suspension of the law will apply for…
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