Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
Abbott is taking its partnership with a diabetes care start-up one step further.
The health-care company hsa invested an undisclosed amount in Bigfoot Biomedical, a start-up creating diabetes care devices and systems. Bigfoot said Wednesday it has raised $55 million in Series B financing, bringing its total funding to $90 million.
The funds will help Bigfoot build a diabetes platform that will offer everything but the insulin, said CEO Jeffrey Brewer. Bigfoot plans to develop insulin pens, pumps and glucose monitors and connect them with smartphone technology. It also plans to prescribe them together and have them reimbursed as a monthly fee.
Abbott and Bigfoot previously agreed to integrate Abbott's new continuous glucose monitor, FreeStyle Libre, with Bigfoot's insulin delivery systems. Both companies want to automate what can be a challenging, time-consuming and dangerous process.
Abbott's FreeStyle Libre measures people's blood sugar automatically every 15 minutes for up to 10 days. Unlike most devices on the market, Libre doesn't require patients to prick their fingers and draw blood to keep it accurate.
Abbott and Bigfoot share a vision to create easy-to-use devices that are connected to smartphones and are accessible to as many people as possible, Brewer said. Part of Bigfoot's plan includes making it easier for doctors to write — and patients to manage — prescriptions.
"These are values and aspirations that both Abbott and Bigfoot share, so I think that makes us great partners," he said. "This investment on top of the existing supply agreement for the Libre to become part of the Bigfoot system, I think, just reinforces that we see the world in the same way."
Originally named SmartLoop Labs, Bigfoot was created in 2014 after co-founder and now Chief Product Officer Bryan Mazlish hacked and automated his son's insulin pump. The goal was to create a system that measures glucose levels and adjusts insulin levels on its own — a long-sought after goal in diabetes management.
Nearly four years later, the company is focused on building. It's about halfway to the amount it needs to finish, so Brewer said Bigfoot will start fundraising again next year. It also plans to start clinical trials with the hope of selling and marketing its systems in 2020.