President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Amazon's ambitious plan to bring down the costs of health care is getting an early test in a familiar place: its Seattle headquarters.
The company is in internal discussions to open primary care clinics at its main office, according to two people familiar with the matter. The early plan is to hire a small number of doctors to start a pilot clinic later this year for a select group of employees and then expand it to more workers in early 2019, said the people, who asked not to be named because the plans are confidential.
Amazon is taking a leading role among American companies in pushing for ways to bring down health costs, which are skyrocketing as insurers pass on the expenses associated with emergency room visits and providers that overcharge. By steering workers to urgent care and preventative care and by offering guidance on diet and exercise, companies are hoping to keep their employees healthier and out of the hospital.
In January, Amazon announced a partnership with J.P. Morgan Chase and Berkshire Hathaway to improve the quality of care and bring down costs. To run the joint venture, the group recently appointed Atul Gawande, who has spoken out about the importance of "regular, ongoing care," calling it "the greatest source of value in modern medicine," in a 2017 report.
Amazon was previously looking to outsource its clinics and brought vendors in to pitch their services. After numerous rounds of discussions, Amazon ultimately decided to develop clinics internally, one of the people said. Providers including Crossover Health and One Medical offer on-site or nearby services for other companies, including those in the technology sector.
An Amazon spokesperson declined to comment.
Amazon started its effort by hiring primary care experts, beginning last year with Christine Henningsgaard, who was previously vice president of operations at One Medical. In January, the company brought in Martin Levine from Iora Health, a primary care group with clinics in Seattle.
Amazon could be using the local clinics to create a prototype before expanding them outside its employee base, said Michael Yang, a health investor at Comcast Ventures. Amazon has a history, Yang said, of testing new ideas with its own workers before scaling them out. The Amazon Go store, a small grocery in downtown Seattle that lets shoppers put items in their bag and walk out without waiting in line, is one example. Amazon has recently announced plans to open stores in Chicago and San Francisco.
A big question with clinics, Yang added, is whether Amazon will make them available to its many thousands of warehouse workers, who have separate needs from the company's high-paid engineers and salespeople.
"Dropping a package on your foot or throwing out your back after manual labor is a very different set of issues from the employee working at headquarters," he said.
Disclosure: Comcast Ventures is a division of Comcast, the owner of NBC Universal, parent of CNBC and CNBC.com.