Small-business coalition presses for tax reform
The Hill

Former House Speaker Newt Gingrich is leading a coalition of small-business owners to pressure lawmakers on tax relief. Gridlock over health care legislation has kept Congress from addressing taxes.

Study: College can be "equalizer" for students

Most colleges "level the playing field" for low-income students and their wealthier peers, according to a study that researchers say shows poorer students are not "mismatched" at selective colleges. Instead, the study's authors say the income gap is exacerbated by the low admission rates for low-income students at elite colleges.

Lagarde: IMF's HQ could be in Beijing in 10 years

If growth in China and other emerging markets continues at its current pace, the International Monetary Fund could have its headquarters in Beijing, not Washington, D.C., within a decade, said Managing Director Christine Lagarde. She said the IMF's bylaws require its home office to be in the member country with the largest economy.

Hy-Vee unveils plans for large-format c-store

Hy-Vee will open a store under a new super-sized convenience store format featuring a Market Grill restaurant, a Starbucks coffee shop, prepared meals and a smaller selection of its produce, meat, dairy and other traditional grocery options. The store will be about 8,880 square feet and will join the retailer's convenience store roster that already includes 142 smaller c-stores.

GAO reveals reasons behind patients' low utilization of EHRs

Although nearly 90% of patients are offered access to medical records online by providers, two-thirds of patients do not use them because they are frustrated with the amount of time and effort spent managing passwords and understanding the user interfaces of different portals for each provider they visit, according to a Government Accountability Office report. Researchers also found that, although most providers offer access to information about allergies, current medications and lab results, patients often find this information inconsistent and incomplete from various providers and are unclear as to whether it can be aggregated, electronically downloaded or transmitted.

Subway reviews North American business

Subway is reviewing its North American account and has confirmed it's asked current agencies and new shops to participate. Subway invested approximately $100 million in US measured media in 2017's first quarter, per Kantar Media.

Michael Kors makes $1.2B deal for Jimmy Choo

Upscale fashion brand Michael Kors announced Tuesday the company has agreed to purchase luxury shoe maker Jimmy Choo in a $1.2 billion deal. The move signals Michael Kors' efforts to spur growth and update the company as retail grows more competitive.

Mobile gaming reaches $12.2B in Q2

Mobile gaming revenue reached $12.2 billion in the second quarter, increasing by 32% from the same period last year, a report from Sensor Tower states. Games on iOS and Google Play saw growth and accounted for the majority of earnings in the app stores.

FDA fast-tracks Valneva's Lyme disease drug

Lyme disease vaccine candidate VLA15 from Valneva has been granted fast-track designation by the FDA. Enrollment for an early-stage study of the vaccine has been completed by the company, which expects initial results from the Phase I trial and also plans to initiate a midstage study in the first quarter of next year.

Princess Diana documentary to air around the world

The documentary "Diana, Our Mother: Her Life and Legacy," which features Princes William and Harry reminiscing about their mother, Princess Diana, has been sold to broadcasters worldwide. Among the buyers are HBO in the US, Canada's CBC, Seven in Australia and multiple services across Europe.

$16B water diversion tunnels get go-ahead in Calif.

The $16 billion construction of two 35-mile tunnels to transport water in California can move forward, thanks to an OK by the state's Department of Water Resources. Work could begin in 2018, but lawsuits are expected, particularly given the rigorous California Environmental Quality Act.

US Navy sets course with climate change strategies

Business leaders should follow the US Navy's lead to ensure their organizations can survive the battles of a future affected by climate change, two Harvard professors say. Businesses should examine the resilience of their operations and supply-chain, and design and operate in ways that integrate new and existing processes.

Hawaiian Airlines plans 3 new routes for next year

Hawaiian Airlines announced plans to add service in 2018 from Portland, Ore., to Maui; from Oakland, Calif., to Kaua'i, and from Los Angeles to Kona. The routes will feature the airline's new single-aisle Airbus A321neo aircraft.

Investors sink $8M into chatbot booker SnapTravel

SnapTravel, a chatbot that allows hotel room booking through SMS texts and Facebook Messenger, has received $8 million in investments. The year-old startup allows for human intervention when questions get more challenging, which sets it apart from many chatbots.