Why startups will stay private as long as possible

The market for initial public offerings has been active lately, but there is evidence that startups are becoming less eager to go public, writes Connie Loizos. "[A]bsent a dramatic development, it's far more likely that startups will continue staying private as long as they possibly can," Loizos notes.

Students study Holocaust with play, butterflies

A project across all grades at K-12 charter school in Colorado will feature more than 500 paper and ceramic butterflies made by elementary-schoolers to remember peers who died in the Holocaust while older students will stage a production based on Anne Frank's diary. Teachers say the efforts contain "a-ha moments" that teach students about history, respect and tolerance.

SoftBank to pay $1B for stake in Wirecard
Reuters

Japan's SoftBank will pay Wirecard about $1 billion for a 5.6% interest in the German payments firm. Wirecard has agreed to issue bonds that can be converted to shares after five years to a SoftBank affiliate.

McDonald's to test global favorites on US menus

In June, McDonald's customers in the US could get a taste of menu items that are popular at the chain's restaurants in other countries, according to internal company documents. Items on the Worldwide Favorites menu could include cheesy bacon fries from Australia, the Stroopwafel McFlurry from the Netherlands and the Grand McExtreme Bacon Burger from Spain.

Blockchain plays increasing role in transforming health care

Blockchain technology can help health care organizations monitor drug transactions and allow physicians to develop a decentralized patient data system and streamline information-sharing processes, says Sanjay Das, founder and managing director of SD Global. Blockchain can also reduce errors in clinical trials, enhance security of information and bolster interoperability between health care systems, he says.

Twitter shows strong Q1 results

Twitter's total worldwide revenues reached $787 million during the first quarter of 2019, an 18% increase from the same period in 2018, while monthly active users around the world declined about 6 million to 330 million, according to company reports. Advertising sales grew 18% and ad engagement rose 23%, with video ad formats showing particular strength, primarily from its video website card and in-stream pre-roll ads.

Lululemon CEO plans new products, bigger branding push

Growing competition won't spur Lululemon to drop the price of its $100 yoga pants or seek additional sales channels, new CEO Calvin McDonald said. The Canada-based brand has other plans to grow sales, including raising brand awareness in global markets and launching new products, said McDonald, who joined the company last summer after a stint as CEO of Sephora Americas.

Nintendo could unveil cheaper Switch
The Verge

Nintendo could produce a budget model of its popular portable console Switch in June. The Switch could include a smaller display or lack the ability to dock.

Drug distributor, former execs charged over opioid crisis

The US attorney's office alleges Rochester Drug Co-Operative, a major drug distributor, conspired to violate narcotics laws, among other charges related to the opioid crisis. Additionally, the company's former CEO and former chief compliance officer have been charged with conspiracy to distribute controlled substances and conspiracy to defraud the US.

CBS extends Ianniello as acting CEO until year's end

Joe Ianniello will stay in his position as acting CEO at CBS through the end of year as the network suspends efforts to find a permanent replacement. Insiders speculate that move to halt its new CEO search may be related to plans to merge with Viacom -- a move that would force the CEO of either CBS or Viacom to step down.

Notre Dame fire leaves many questions unanswered

The fire that destroyed the Notre Dame's cathedral's roof, the cause of which is still undetermined, is prompting questions regarding preservation versus fire prevention at historic sites. The fire is believed to have started in an area undergoing restoration, highlighting the dangerous nature of construction sites, where small mistakes can lead to major catastrophes.

Tesla's 3rd version of solar roof tiles to begin shipment
Inverse

Elon Musk said the third version of the Tesla Solar Roof is ready to begin shipping and that production of the tiles will ramp up this year. Previously, the company reported this latest version would benefit from improved manufacturing capabilities, though few details are available.

TSA reminds travelers Real ID takes effect next year

The Transportation Security Administration is increasing signage at US airports to remind travelers the Real ID Act goes into effect on Oct. 1, 2020. "TSA is doing everything we can to prepare our partners and the traveling public for the Real ID deadline next year," TSA chief David Pekoske said.

American adds flights to Ark., Chicago

American Airlines on Sept. 4 will launch nonstop service between Philadelphia and Bentonville, Ark. The new flights will be operated with Embraer 175 aircraft. American also on May 3 will add two new flights from Columbia, Mo., to Chicago, for a total of four daily flights to the Windy City.