BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS, MEDICAL SUPPLIES FOR CORONAVIRUS

IN RECENT WEEKS, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis. The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do…

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Investment Cell to provide information on tax policies, incentive schemes to entrepreneurs

NEW DELHI: The proposed Investment Clearance Cell in the Budget will link all central government ministries and state departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs, a top government official said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said the cell will help an entrepreneur to take a well informed decision to set up manufacturing facility in the country. “The idea is to bring all central government ministries and state governments linked to it physically as well as through IT,” he told…

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There Are Black Friday Type Deals On Small Business Saturday: $17.8 Billion Spent In 2018

In the midst of Black Friday and Cyber Monday planning and shopping, there are two additional “shopping” days you may want to know about. Small Business Saturday and Giving Tuesday. Each one came about, partly as a counter-movement to the big box retailer pushes to get people to spend. Note: I explore where to find Saturday specials here and “GivingTuesday” in a separate post that I will publish this weekend. NEW YORK, NEW YORK – NOVEMBER 25: Lin-Manuel Miranda lights the Empire State Building blue in … [+] GETTY IMAGES If…

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Why the follow-unfollow method still persists on social media

In fifth grade, I remember signing in and out of MSN Messenger so my crush would finally notice me when he got a notification. I’d sit there staring longingly at the green icon next to his screen name, wondering what he could possibly be doing that was more interesting than talking to me. But I want to tell my sweet and naïve 10-year-old self that if he wanted to talk to me the first time, he would have found a way. Now, I have the foresight to see just how…

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Exclusive: Sachin Bansal on his investment strategy, his special interest in finance and the sectors he is bullish about

Flipkart co-founder Sachin Bansal, who has turned a devout investor after his exit from the ecommerce company, has turned his attention to the financial services sector. Bansal recently became CEO of Chaitanya Rural Intermediation Development Services, an NBFC focused on providing microfinance to lower economic groups in rural areas after he acquired a 90 percent stake for more than $100 million. Bansal, 37, told CNBC-TV18 in an interview that he is looking at a “long-term stint” at Chaitanya India Finance.  “Chaitanya is a 10-year-old company with a target of lower-income…

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Google has access to detailed health records on tens of millions of Americans

Google quietly partnered last year with Ascension—the country’s second-largest health system—and has since gained access to detailed medical records on tens of millions of Americans, according to a November 11 report by The Wall Street Journal. The endeavor, code-named “Project Nightingale,” has enabled at least 150 Google employees to see patient health information, which includes diagnoses, laboratory test results, hospitalization records, and other data, according to internal documents and the newspaper’s sources. In all, the data amounts to complete medical records, WSJ notes, and contains patient names and birth dates. The…

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