The best business stories this week: Walmart in Healthcare, SoftBank, FedEx

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

Walmart, WeWork, Fintech, Goldman Sachs

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

2019-09-15T15: 16: 10 + 02: 00

2019-09-13T22: 57: 57 + 02: 00

2019-09-15T15: 35: 17 + 02: 00

Hi!
Walmart, the largest US retailer, this week opened a health clinic offering primary care, dental care and counseling services. As we reported this week, this is just the beginning.
Zach Tracer and Lydia Ramsey spoke with Sean Slovenski, Walmart's Health and Wellness Chairperson, to better understand the company's plan to dig deeper into the massive US health care system. $ 3,500 billion.
According to their information, the retailer Friday opened a health clinic in Dallas, Georgia. He plans to open another one in Calhoun, Georgia. If all goes well, Walmart may soon become the largest provider of basic health care in the region.
According to Slovenski, the goal is to make for health care what Walmart supercenters have done for retail. As reported by Zach and Lydia:
Slovenski said Walmart planned to offer doctors consultations, dental cleanings and lab tests at prices 30-50% lower than the price paid, partly eliminating middlemen if possible and using Walmart's gigantic size to negotiate. The clinics will also take insurance, he said.
This is only the last example of the limits on blur in the health sector:

CVS, which bought the health insurer Aetna last year, wants to change the direction taken by millions of Americans who get sick, for example. Lydia told CVS Marketing Director Norman de Greve how he was planning to do it.
Ancestry, the family history website, is preparing for a major move to the health sector, a field that the 36-year-old has largely avoided. Lydia reported that the privately-owned company was recruiting a health team while she was preparing for a move that could put her in competition with 23andMe.
PillPack, an online pharmacy owned by Amazon, is fighting the Surescripts health data business to gain access to prescription history data collected by Surescripts. The spat highlights a big hassle on your private health information. The question is: who should have access to the prescribing history of a patient?
Kroger, the largest grocery chain in America, bets that it can be paid for staying healthy with foods rather than pills. We spoke to Allison Baker, Director of Nutrition at Kroger, where she oversees a team of dietitians and explains how the largest US grocery chain can change people's eating habits to help them improve their health.

As a reminder, you can sign up to receive more stories like this via the weekly newsletter on BI Healthcare distributed here.
What did I miss? Get in touch.
– Matt

What's happening at WeWork?
The coworking company could now go public with a valuation of just $ 10 billion, down from a valuation in the private market of $ 47 billion. Here is our last:

Now, WeWork wants to be a manufacturer. The coworking company opens a 200,000-square-foot factory in New Jersey to manufacture its aluminum and glass walls.
WeWork is getting ready to move into this massive, flashy Brooklyn building as its IPO crumbles. We took a look at the inside.
WeWork is doing more and more business with SoftBank, which is also its main investor.
The history of WeWork's meteoric valuation increases – and decreases

WeWork debacle is a black eye for SoftBank. As Troy Wolverton points out, venture capitalists still do not know what to do with the $ 100 billion Vision Fund. Depending on who you ask, they are either looking for him or thinking he's having trouble with WeWork and Uber.
Finance and investment

Goldman Sachs offers buyouts from companies to encourage partners to leave their positions. David Solomon, CEO, is striving to reduce one of Wall Street's most prestigious clubs.
Goldman Sachs offers buyouts from companies to encourage partners to leave their positions. David Solomon, CEO, is seeking to reduce the highest ranks of the company and restore the exclusivity of one of Wall Street's most prestigious titles.

Get to know the 8 Blackstone traders who, according to insiders, are the future of the company

It seems that the Blackstone Group, with more than half a trillion assets, owns just about everything. Whether you spend a night at the hotel or go to the office, there is a good chance that you will be living in a space that belongs, at least in part, to Blackstone.

D.E. Shaw will sue for the sale of a financial litigation holding company, highlighting a side deal with a secret hedge fund firm
An ongoing legal battle between the powerful D.E. Shaw hedge fund and a former executive of a holding company highlights the difficulty of valuing private companies.

Tech, Media, Telecom

The NetApp CEO talks about the cloud transition, the business transformation and the lessons he's learned from his twin brother – who happens to be the CEO of Google Cloud.
Having grown up in India, George Kurian and his twin brother Thomas have enjoyed playing pranks at home and at school taking advantage of the fact that they look a lot alike.
Meet the 14 powerful IBM players, who have played a key role in the bid of CEO, Ginni Rometty, to dominate the $ 1 trillion hybrid cloud market – and some who could replace him someday

IBM was once the undisputed star of enterprise technology – the company that sold hardware and software running many IT networks in the business world.

According to insiders, Quartz, once brimming with energy, is still on the verge of losing money this year because it lacks subscription
Quartz, a bizarre but admired professional news startup, made the headlines in July 2018 when it sold $ 86 million to a Japanese media company.

Health, retail, transportation

3 VCs in the health field most in demand explain where they place their next bets
Venture capital companies are increasingly betting that the future of health care is cutting-edge technology. But what kind of technology, exactly?

FedEx is turning to e-commerce. A C-suiter told us how the delivery giant is doing differently than others – and what is behind the dumping of Amazon.
FedEx has recently made waves in the industry to make Amazon its partner. To find out more, Business Insider interviewed Brie Carere, director of communications and marketing at FedEx. She has been with FedEx for over 18 years.
Walmart director Andy Dunn worries that "music stops" for many startups
As for the startups, Andy Dunn has been on both sides of the table.

International

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

Walmart, WeWork, Fintech, Goldman Sachs

Walmart's push into healthcare, SoftBank's difficulties and why FedEx abandoned Amazon

2019-09-15T15: 16: 10 + 02: 00

2019-09-15T15: 35: 17 + 02: 00

Hi!
Walmart, the largest US retailer, this week opened a health clinic offering primary care, dental care and counseling services. As we reported this week, this is just the beginning.
Zach Tracer and Lydia Ramsey spoke with Sean Slovenski, Walmart's Health and Wellness Chairperson, to better understand the company's plan to dig deeper into the massive US health care system. $ 3,500 billion.
According to their information, the retailer Friday opened a health clinic in Dallas, Georgia. He plans to open another one in Calhoun, Georgia. If all goes well, Walmart may soon become the largest provider of basic health care in the region.
According to Slovenski, the goal is to make for health care what Walmart supercenters have done for retail. As reported by Zach and Lydia:
Slovenski said Walmart planned to offer doctors consultations, dental cleanings and lab tests at prices 30-50% lower than the price paid, partly eliminating middlemen if possible and using Walmart's gigantic size to negotiate. The clinics will also take insurance, he said.
This is only the last example of the limits on blur in the health sector:

CVS, which bought the health insurer Aetna last year, wants to change the direction taken by millions of Americans who get sick, for example. Lydia told CVS Marketing Director Norman de Greve how he was planning to do it.
Ancestry, the family history website, is preparing for a major move to the health sector, a field that the 36-year-old has largely avoided. Lydia reported that the privately-owned company was recruiting a health team while she was preparing for a move that could put her in competition with 23andMe.
PillPack, an online pharmacy owned by Amazon, is fighting the Surescripts health data business to gain access to prescription history data collected by Surescripts. The spat highlights a big hassle on your private health information. The question is: who should have access to the prescribing history of a patient?
Kroger, the largest grocery chain in America, bets that it can be paid for staying healthy with foods rather than pills. We spoke to Allison Baker, Director of Nutrition at Kroger, where she oversees a team of dietitians and explains how the largest US grocery chain can change people's eating habits to help them improve their health.

As a reminder, you can sign up to receive more stories like this via the weekly newsletter on BI Healthcare distributed here.
What did I miss? Get in touch.
– Matt

What's happening at WeWork?
The coworking company could now go public with a valuation of just $ 10 billion, down from a valuation in the private market of $ 47 billion. Here is our last:

Now, WeWork wants to be a manufacturer. The coworking company opens a 200,000-square-foot factory in New Jersey to manufacture its aluminum and glass walls.
WeWork is getting ready to move into this massive, flashy Brooklyn building as its IPO crumbles. We took a look at the inside.
WeWork is doing more and more business with SoftBank, which is also its main investor.
The history of WeWork's meteoric valuation increases – and decreases

WeWork debacle is a black eye for SoftBank. As Troy Wolverton points out, venture capitalists still do not know what to do with the $ 100 billion Vision Fund. Depending on who you ask, they are either looking for him or thinking he's having trouble with WeWork and Uber.
Finance and investment

Goldman Sachs offers buyouts from companies to encourage partners to leave their positions. David Solomon, CEO, is striving to reduce one of Wall Street's most prestigious clubs.
Goldman Sachs offers buyouts from companies to encourage partners to leave their positions. David Solomon, CEO, is seeking to reduce the highest ranks of the company and restore the exclusivity of one of Wall Street's most prestigious titles.

Get to know the 8 Blackstone traders who, according to insiders, are the future of the company

It seems that the Blackstone Group, with more than half a trillion assets, owns just about everything. Whether you spend a night at the hotel or go to the office, there is a good chance that you will be living in a space that belongs, at least in part, to Blackstone.

D.E. Shaw will sue for the sale of a financial litigation holding company, highlighting a side deal with a secret hedge fund firm
An ongoing legal battle between the powerful D.E. Shaw hedge fund and a former executive of a holding company highlights the difficulty of valuing private companies.

Tech, Media, Telecom

The NetApp CEO talks about the cloud transition, the business transformation and the lessons he's learned from his twin brother – who happens to be the CEO of Google Cloud.
Having grown up in India, George Kurian and his twin brother Thomas have enjoyed playing pranks at home and at school taking advantage of the fact that they look a lot alike.
Meet the 14 powerful IBM players, who have played a key role in the bid of CEO, Ginni Rometty, to dominate the $ 1 trillion hybrid cloud market – and some who could replace him someday

IBM was once the undisputed star of enterprise technology – the company that sold hardware and software running many IT networks in the business world.

According to insiders, Quartz, once brimming with energy, is still on the verge of losing money this year because it lacks subscription
Quartz, a bizarre but admired professional news startup, made the headlines in July 2018 when it sold $ 86 million to a Japanese media company.

Health, retail, transportation

3 VCs in the health field most in demand explain where they place their next bets
Venture capital companies are increasingly betting that the future of health care is cutting-edge technology. But what kind of technology, exactly?

FedEx is turning to e-commerce. A C-suiter told us how the delivery giant is doing differently than others – and what is behind the dumping of Amazon.
FedEx has recently made waves in the industry to make Amazon its partner. To find out more, Business Insider interviewed Brie Carere, director of communications and marketing at FedEx. She has been with FedEx for over 18 years.
Walmart director Andy Dunn worries that "music stops" for many startups
As for the startups, Andy Dunn has been on both sides of the table.

International