Prolonged economic expansions may not be a good thing, as the aggressive actions taken by governments and central banks to avoid recessions can lead to negative consequences, according to a report by Deutsche Bank economists Jim Reid and Craig Nicol. "This policy flexibility and longer business cycle era has led to higher structural budget deficits, higher private sector and government debt, lower and lower interest rates, negative real yields, inflated financial asset valuations, much lower defaults (ultra cheap funding), less creative destruction, and a financial system that is prone to crises," Reid and Nicol wrote.
The self-driving car startup Nuro said it has formed a partnership with Domino's Pizza to deliver pizzas in several Texas markets.
⋅ BBC
La Rioja, Spain, is believed to be where the written Spanish language originated, according to this article. The history of the language is explored by experts including, professor Jairo Javier García Sánchez, of the University of Alcalá, who traces the language to common, colloquial Latin.
⋅ Reuters
Protectionism worldwide hit a record high in 2018 as the US and China increased trade restrictions, according to a European Commission report. Twenty-three countries outside the EU added 45 barriers.
ShopRite is hoping to boost produce sales while educating shoppers about health and wellness through a new marketing campaign that highlights its locally grown offerings. As part of the campaign, more than 100 in-store dietitians will lead community-based workshops, demonstrations and social media video efforts.
Banner Health is taking steps to avoid physician burnout by improving its EHR system to remove unnecessary alerts that were disrupting workflow. Alerts are helpful, "but if health systems don't have programs in place that constantly assess and reassess whether those alerts are functioning the way they're supposed to, providers can start to experience alert fatigue," said Marjorie Bessel, M.D., chief clinical officer at Banner.
Media buyers and advertising tech firms are focusing their digital ad spend on trusted platforms such as Facebook and Google to ensure compliance with the yet-to-be-finalized General Data Protection Regulation and avoid potential fines, according to a Wall Street Journal report. "GDPR has tended to hand power to the big platforms because they have the ability to collect and process the data," says WPP CEO Mark Read, adding it has "entrenched the interests of the incumbent, and made it harder for smaller ad-tech companies, who ironically tend to be European."
Gloria Vanderbilt, the heiress whose very public childhood traumas inspired her to build a productive and fulfilling adult life, has died at 95. Vanderbilt, the mother of CNN's Anderson Cooper, was an artist who launched a fashion brand with designer jeans in the 1970s and expanded it into a diverse company, which was acquired by Jones Apparel Group in 2002 for $138 million.
Qualcomm, Intel and other US chip manufacturers are reportedly lobbying the US government to lift restrictions that ban sales to the world's largest telecommunications equipment company, Huawei. The US prohibited sales to Huawei because of what it said were national security issues.
Pfizer announced Monday that it plans to purchase oncology drug manufacturer Array BioPharma for $11.4 billion, and the news sent shares of other companies in the cancer therapeutics space higher. The move indicates more deals will be forthcoming, according to Jefferies strategist Jared Holz.
AT&T will compete for streaming video customers by dipping into its huge library of content to provide more programming choices to consumers, said John Stankey, the CEO of AT&T's WarnerMedia arm who is charged with consolidating the telecom's various media pieces. Toward that end, AT&T put WarnerMedia Entertainment Chairman Bob Greenblatt in charge of Otter Media, the company's collection of digital services.
By 2025, the roofing market in the US and Canada will be worth $47.5 billion, up from $29.9 billion in 2017, an Allied Market Research report finds. Roofing membrane will likely continue to be the largest segment of the market, although metal roofing will gain ground.
Elon Musk on Wednesday said that Tesla's Solar Roof tiles will be manufactured at a slower rate to ensure they last as long as expected. Musk's comment came as his company reported a reduction in solar installations.
⋅ CNN
Southwest Airlines is cancelling flights involving its 34 Boeing 737 Max planes for the rest of the summer travel season. The airline said it is eliminating the flights in advance to avoid last minute cancellations and passenger inconvenience.
⋅ Nasdaq
United Airlines is launching its ConnectionSaver tool that will use algorithms to determine from passenger flight information and other relevant data which connections are likely to be missed and then automatically hold the connecting flight if enough cushion exists in that flight's schedule. ConnectionSaver will text customers their next gate number, directions and time to reach the gate.