Investing and Global Finance News

Monthly Archives: August 2017

Amazon to Move Into Health Sector

Amazon recently decided to enter the health industry, despite some misgivings.

CEO of Walgreens Stefano Pessina believes the health sector is too complicated to be a good market for Amazon.

Amazon has “opportunities around the world and in other categories, which are much, much simpler than health care, which is a very regulated business,” he said.

However, other industry leaders disagree. Former Amazon director Curtis Kopf now works at Premera Blue Cross as senior vice president, and thinks the move is plausible. Having been involved in some of Amazon’s previous projects, such as digitizing every book every printed, have demonstrated to Kopf that seemingly impossible tasks often bear fruit.

“At this point, I don’t think there’s anything they would be afraid to do,” Kopf said in an interview, referring to Amazon’s latest move. “”Every industry has thought that Amazon wouldn’t disrupt them,” he pointed out.

Aaron Martin, also a former Amazonian, has also shifted into health at Providence St. Joseph Health. He still has ties with Amazon, and has confirmed that a large portion of his current team used to work for the company. Martin thinks Amazon’s expansion into health is quite strategic.

“At Amazon, we learned to pick our battles and didn’t look at anything that was less than $500 million,” said Martin. “Meanwhile, health care is a fifth of the economy,” he said. “Amazon could build the compliant infrastructure but let entrepreneurs come in and do the heavy lift.”

Connecticut and the Changes for Corporate Taxpayers

Changes are being implemented in rules for Connecticut’s corporate taxpayers.  Earlier this year, on April 18, a Special Notice 2017(1) was issued by the Connecticut Department of Revenue Service (DRS).  This is applicable to both individual and corporate taxpayers. These changes are not so simple to understand.  It is thus advisable for taxpayers to employ… Continue Reading

Disney Entfernt Filme von Netflix, Startet Einen Separaten Streaming-Service

Disney hat kürzlich angekündigt, dass es seine Filme von der Online-Streaming Plattform Netflix entfernen und stattdessen einen eigenen direkten Streaming-Service starten wird. Der neue direkte Streaming-Service von Disney wird in 2019 eingeführt, zuerst in den USA und später für internationele Zuschauer. Gemäß des Disney CEOs Bob Iger hat Disney eine gute Partnerschaft mit Netflix. Die… Continue Reading

Disney to Remove Movies from Netflix, Launch Separate Streaming Service

Disney has recently announced that it will be removing its movies from online streaming platform Netflix, and launching its own direct streaming service instead. The new branded direct-streaming service is expected to launch in 2019, beginning in the US and later branching out to international viewers as well. According to Disney CEO Bob Iger, Disney… Continue Reading