Hello, Welcome to Dispensed, Business Insider's weekly healthcare newsletter. Andrew Dunn checking in for this week's round-up. Are you new to the newsletter? You can sign up here. Some highlights of the week: Pricing levels on coronavirus vaccines are coming into view, digital health saw its largest-ever deal (Telavongo!), and a buzzy primary-care startup went public. As a […]
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The pandemic has prompted a childcare crisis — here are creative ways employers can help working parents on staff juggle it all
Many parents are concerned about how they'll handle childcare when returning to work, a Monster survey of US respondents showed. Companies of all sizes are bolstering childcare aid, from crisis childcare reimbursements to providing a facility for kids. PricewaterhouseCoopers added additional stipends for parents, Origin USA turned one of its warehouse facilities into a childcare […]
'The stock market can drop as much as 80%': A 47-year market vet explains why we're in the midst of a global bust — and makes a case for $10,000 gold
David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks the global economy is in the midst of massive "bust" consisting of two distinct phases. Phase two of the bust — which Hunter is forecasting to take place in late 2020 or early 2021 — will be "steeper and deeper" than the ongoing first […]
Read a rough draft of the GOP's initial relief bill proposal, which is circulating around the highest levels of Congress
Business Insider obtained a rough outline of the initial GOP coronavirus relief bill is being circulated among top aides in Congress. Provisions in the draft include $25 billion in coronavirus testing and $26 billion for vaccine research. However, the payment amount of additional stimulus checks were not yet determined, and details were scarce on enhanced […]
Wells Fargo is ditching a 750-person WeWork space, while Citi inked a deal with the flex-office giant far from a big city. Here's a look at how financial firms are retooling their real estate.
Some financial firms are evaluating their post-pandemic office needs. Wells Fargo is not renewing its lease in a 750-person WeWork space in Charlotte, N.C. Citi meanwhile has signed a lease for a roughly 100-person WeWork space that's not in a major city. UBS is pushing ahead with working with WeWork remodelling a large space in […]
Top Republicans share details about the next coronavirus stimulus, including more checks for people, loans for small businesses, and $105 billion to reopen schools
Senate Majority Leader Mitch McConnell said the next coronavirus rescue package would focus on "kids, jobs, and healthcare." He promised more checks to people and forgivable loans for small businesses. Democrats slammed Republicans, saying they were being left out of planning talks. For more stories like this, sign up here for our healthcare newsletter, Dispensed. […]
How long will the new, serious Trump last? A week?
Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "Some of the ads are for an audience of one — psychological warfare with Donald Trump." — Rick Wilson of the Lincoln Project, describing how its anti-Trump ads get under the president's skin. WHAT'S HAPPENING Ambulances and medical […]
Research shows that VCs have stopped pushing founders into workaholism to achieve hypergrowth during the pandemic — but one VC says it won't last
The horrors of the pandemic could have a silver lining for startup founders: The turbulent economy has investors focusing more on sustainable cashflow, meaning less pressure on achieving hypergrowth, according to research from executive coach the Jocelyn Kung. Silicon Valley is famous for its "hustle culture," as founder-turned-VC Mac Conwell describes it —which caused him […]
Mayfield's newest partner Arvind Gupta staked his whole career on 'climate change being real,' and is now challenging other VCs to step up investing in 'conscious capital'
IndieBio founder Arvind Gupta joined VC firm Mayfield as a partner on Wednesday. He will continue investing in biotech startups at Mayfield, but he is also planning to focus on an area he calls "planetary health." At the biotech accelerator IndieBio, Gupta helped founders, primarily scientists and academics, get their young companies off the ground […]
The US set another single-day record for new coronavirus cases with more than 75,000 cases according to The New York Times
The US surpassed 75,000 daily coronavirus cases on Thursday, according to a New York Times database. According to Johns Hopkins University's data, the number of new cases over a 24-hour period was 68,428, but still a record, by their count. Several states saw record coronavirus deaths this week. The US leads the world with the […]