Business

As an industry reliant on patient records and beset by outdated technology, health care is widely thought to be a prime target for an artificial intelligence revolution. Many believe the technology will provide a host of benefits to clinical practitioners, speeding up the overall experience and diagnosing illnesses early on to identify potential treatment. Just
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Nvidia stock fell by 6 percent on Thursday after the company reported better-than-expected earnings and lower-than-expected revenue guidance. The company will hold a conference call with analysts at 5:30 p.m. Eastern time. Here are the major numbers: Earnings: $1.76 per share, excluding certain items, vs. $1.66 per share as expected by analysts, according to Thomson
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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Customs agents in Shanghai have refused to release a shipment of American-made Mercedes-Benz SUVs because of what they have described as a “safety risk.” Ostensibly, the Mercedes GLE and GLS models have a problem with their rear brakes that authorities want fixed before they are allowed into the country. But the timing of the move,
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In May, Facebook said David Marcus was leaving his role running Messenger to start an internal blockchain initiative. Since the moment, a big question has been circling in the crypto world: What about his seat on Coinbase’s board? Coinbase, the leading exchange for bitcoin and other digital currencies, is the clear breakout success in the
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Albertsons Cos last night called off its merger with Rite Aid that would have provided its private equity owners, Cerberus Capital Management, a long-awaited means to unload its more than decade-old grocery investment. The scuttled deal is just the latest in a string of disappointments for Cerberus, which has unsuccessfully tried to shed Albertsons multiple
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Rite Aid Corporation and Albertsons Companies announced on Wednesday they are terminating their merger agreement the evening ahead of a shareholder vote over the deal. The $24 billion deal, announced in February, has faced push-back from a number of retail investors as well as top ten shareholder Highfields Capital Management. Critics have argued the deal
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The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health‘s plan to buy insurance provider Aetna, saying the deal could result in higher prices for prescription medicines. The AMA said that the $69 billion deal, announced in December, would lead to a “substantial reduction” of competition
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