Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz, bringing its stake down by about 9%.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
According to a new report, consumers ages 14 to 24 overwhelmingly prefer physical stores for shopping, largely for mental health reasons.Retailread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Naya Health hit the headlines this week as a poster child for the lack of venture funding for women's health products.
At $1,000, the pump a lot more expensive than the alternative: A $250 Medala pump that many women can access for free through their insurance carrier.
Moreover, it sits at the intersection of several markets that investors tend to avoid. It's a pricey consumer product, which typically require a hefty advertising spend, and a regulated medical device, which take time and money to hit the market.
But CEO Janica Alvarez tells CNBC that she has proof her company is different.
"We've sold over 1,000 units," said Alvarez by phone, which comes to over a $1 million in sales. And that's after being in the market for less than a year since the company got approval from federal regulators.
Alvarez estimates that the market size is far larger than the "seven-hundred million" cited by the New Yorker. She puts it at $30 billion, given that the company is expanding into other consumer products, like a smart bottle, and will provide feedback on health, wellness and nutrition.
"The breast pump is a Trojan horse strategy to get into the larger nutrition market," she said.
Alvarez also stressed that the company has spent very little on marketing, and many women are finding the product organically. The alternative is so poorly-designed and uncomfortable that women are willing to shell out, she said.
The company could continue to grow through its revenues, but Alvarez said a VC boost would help it meet demand and expand into a new product-set. It would also allow her to hire and pay herself. Thus far, she said, she's been living off minimum wage to get the company off the ground, she said.