Amazon, Google and Facebook are some of the biggest examples of the modern conglomerate model, with Amazon being able to use its size and scale to subsidize new retail forays with predatory pricing, according to Yale University law student Lina Khan. "The economics of platform markets create incentives for a company to pursue growth over profits, a strategy that investors have rewarded," writes Khan.
Members of the US Senate Judiciary Committee this week explored the issue of free speech on college campuses, questioning decisions by some schools to limit more controversial speakers. Some lawmakers argued that all speakers should be welcomed, but others asserted that threats from off-campus groups should be considered.
The US and China are holding North Korea accountable for violating UN Security Council resolutions, US Secretary of State Rex Tillerson says. "We both agreed that our companies should not do business with any UN-designated North Korean entities in accordance with these resolutions," he said.
The Fresh Market's chief executive stepped down from the position Monday, a source said. Richard Anicetti served as CEO of the retailer for nearly two years, and he will be replaced on an interim basis by Chief Financial Officer Brian Nicholson.
The US Preventive Services Task Force published updated guidelines in the Journal of the American Medical Association recommending health providers screen body mass index in children ages 6 and older and refer obese youths and their families to comprehensive and intensive behavioral-based weight loss interventions. The group also found insufficient evidence to make recommendations on the weight-loss benefits of metformin and orlistat for obese children.
Cannes' Creative Marketer of the Year award is being handed to Burger King this week for campaigns such as one from David that featured photos of real-life Burger King outlets on fire with the tagline, "Flame grilled since 1954." Other risky pushes included one from Leo Burnett Israel that created a special Valentine's Day promotion with adult meals that contained toys strictly for customers over the age of 18.
The State of Logistics report showed declining expenditures in 2016, for the first time in six years, and the lowest spending percentage of US GDP since the Great Recession. The report from A.T. Kearney and the Council of Supply Chain Management Professionals showed uneven economic growth and overcapacity in nearly all models as key factors in industry weakness.
Intel has announced that it is partnering with Team8 to help create startups focused on cybersecurity. Intel will work with Team8's Illusive Networks to tackle advanced persistent threats.
The US FDA, the European Medicines Agency and Japan's Pharmaceuticals and Medical Devices Agency agreed to align their requirements for antibiotic trials to help stimulate the development of new treatments.
CNN will invest $40 million in its startup, Great Big Story, over the next two years. The investment will be used to create 24/7 streaming content -- including feature-length films and live programming -- in a bid to turn GBS into a next-generation cable network.
The 23-mile Chesapeake Bay Bridge-Tunnel in Virginia with was named "one of the seven engineering wonders of the modern world" by America Society of Civil Engineers when it was completed, and it will soon have a new connection. The Thimble Shoal Channel, a $755 million parallel tunnel, will begin construction this fall and connect to the older bridge-tunnel's roadway.
Tyson Foods has installed remote video auditing systems at 33 of its chicken processing plants to monitor safety procedures and properly follow animal welfare rules. The company also will launch a pilot project at two poultry plants this year for controlled atmosphere stunning, a PETA-preferred process for euthanizing chickens.
Air Canada has been named North America's Best Airline at the Paris Air Show. "This award shows customers are enthusiastically embracing the significant investments Air Canada is making in its products and services," said Air Canada's President of Passenger Airlines Benjamin Smith.
The five-star Taj Vivanta hotel in Bengaluru, India, is donating its waste cooking oil for reprocessing into raw material for biodiesel fuel. The Mahatma Gandhi Institute of Rural Energy and Development is manufacturing the fuel with hopes of putting it on the commercial market.
