Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
A company created by former Apple engineers to build a "smart" pill bottle has been acquired.
Start-up Alto Pharmacy, a prescription delivery service, has bought Round Health, whose bottle reminds patients when to take their medicines by lighting up and sending a push notification. Round Health also offers a medication-tracking mobile app with 90,000 monthly users, according to Alto Pharmacy CEO Mattieu Gamache-Asselin.
Round Health was founded by former Apple designer Matt Blum and former Apple design engineer Matt Crowley. Its third co-founder, Lauren Meleney, was previously an engineering project manager at Lime Lab, which was acquired by PCH.
Alto said it acquired the Round Health technology assets, but not the team. It intends to continue to invest in Round Health's products, with a goal of integrating them into the Alto service. The price was not disclosed.
Crowley has returned to Apple to work on health products. Another founder was recruited to Tesla, Alto said.
It costs the health system $100 billion to $289 billion a year when prescriptions aren't filled or taken as prescribed. That presents a business model and opportunity for Silicon Valley, which prides itself on user engagement and user-centric design.
Alto, formerly known as ScriptDash, delivers prescription medicines to Bay Area residents at home or at work. It serves 25,000 patients, many of whom have been diagnosed with a chronic condition that requires regular medication. The company offers same-day delivery and personalized pill packs to differentiate itself from regular pharmacies.
Alto's medicines are delivered by an in-house fleet of couriers. It plans to expand to Los Angeles and Orange County this summer.
"The problem with pharmacy is the lives lost to medication nonadherence," said Gamache-Asselin. "It requires a revamp as a real software product."