A break in the strength of health care…
Tesla’s latest technology is on a price hike, time is running out…
Stunning new photos of Jupiter…
The gauntlet has been thrown down…
But the battleground is not Eastern Europe, or Taiwan (at least not yet). This is the workplace.
Earlier this week, none other than the “big vampire squid” – Goldman Sachs – informed its employees that it is lifting all COVID protocols in the workplace:
He won’t need COVID “vaccines” anymore
It will no longer require COVID tests
It will no longer require masking
And it won’t even require employees to self-quarantine if they come into contact with someone who has COVID.
But the above was only the precursor to the real declaration of war: after the Labor Day weekend, all employees are required to return to the office five days a week. In other words, Goldman Sachs will not accept COVID as an excuse to work from home.
It was inevitable. For any type of job that involves teamwork, productivity drops are significant. The quality of communication declines, things fall and for some people things escalate. And over time, individuals become increasingly uncomfortable with critical issues as problem-solving and problem-solving skills deteriorate.
And Goldman Sachs, which has approximately $2.5 trillion in assets under management, simply cannot afford such things to happen. Those who entrust Goldman with their immense capital will not allow it. If they gave their capital to Goldman, they expect the team to work together and be on top, 365 days a year. No exceptions… No excuses.
Otherwise, they will take their money elsewhere… Hence the glove.
For all companies that are in contact with customers, a recalibration of employment is about to be carried out. Either you’re in or you’re out… Committed, or not.
Those who insist on distant or hybrid roles will either be shown the door or have very limited opportunities for advancement. The financial services industry is going to change rapidly now…and others will follow.
Yes, there will always be certain positions that will be quite distant. These existed before the pandemic. And there will always be lifestyle companies that use hybrid models as a selling point. This will come at a price, for both employer and employee, but some companies will figure out how to make it work.
High-performing in-person teams are a competitive advantage in most industries. This is the tradeoff for businesses trying to persist in a remote environment.
This movement is happening even in high tech…
Apple will also need three days in the office every week after Labor Day. CEO Tim Cook’s demands have not gone down well with Apple employees, however – who have signed a petition insisting that a return to the office would harm their well-being. I suspect that’s going to be a tough argument to win.
So the labor battle began. It is a modern-day contest between employer and employee. And with the kids back to school and the pandemic behind us… let the games begin.
Amazon’s grand healthcare strategy is in sight…
Two weeks ago, Amazon took a step forward in the healthcare sector by acquiring One Medical. At $3.9 billion, it’s one of Amazon’s biggest acquisitions to date.
As a reminder, One Medical brings the health care subscription business model. The company operates sleek, modern, and convenient health clinics across the United States, each staffed with a handful of physicians.
And One Medical lets patients schedule appointments and access their health records from an easy-to-use smartphone app. It is a fantastic service that I have personally used.
Yet days later, Amazon announced it was shutting down its telehealth service, Amazon Care. It was a surprise. Many thought the two services were part of the same strategy.
Although One Medical offers telehealth services, it focuses on individual patients. Amazon Care, on the other hand, focuses on enterprise customers. It is aimed at businesses, which then make the services available to their employees.
In other words, there’s not really an overlap between One Medical and Amazon Care when it comes to telehealth. So why is Amazon closing it?
Well, the big picture is clear now.
A few days ago, rumors emerged that Amazon was in the running for an even bigger healthcare acquisition. This one targets Signify Health, a publicly traded company.
Signify Health specializes in home care. It offers a wide range of home medical services to patients. These include everything from simple assessments and diagnoses to extended care by a doctor or home nurse. It is an excellent alternative to service flats.
This deal is live and Amazon has competition here. CVS is also in the running to acquire Signify Health (CVS had also been interested in acquiring One Medical).
That said, Amazon currently has over $60 billion in cash. Meanwhile, CVS has just over $9 billion on the books.
So Amazon could easily outbid CVS on this one… And I suspect it will. It’s a clear signal that Amazon wants to be a leading player in direct-to-patient and home-based healthcare. And that makes perfect sense.
Amazon already has a wealth of consumer data and information through its e-commerce platform. If Amazon can also get to know patients on a personal level, it can generate an even more comprehensive profile, particularly if that includes data from the home.
This could allow Amazon to offer even more personalized offers to its customers, both on the e-commerce side and on the healthcare side.
And think about that…
Suppose a physician under the Amazon umbrella determines that a particular diagnostic test is needed to assess a patient’s condition.
That doctor could simply place an order for the test, then Amazon would deliver it directly to the patient’s doorstep the next day, using its world-class logistics network. It can be a test or a diagnostic tool like a thermometer or pulse oximeter.
It’s Amazon’s grand vision that focuses on these moves. And given its convenience for patients, it’s easy to envision rapid adoption.
Amazon is encroaching on one of the biggest industries and putting all of its pieces into place. The healthcare industry has long needed disruption, and what Amazon is doing will be painful for incumbents.
And while it may seem like Amazon is getting too strong — and it is — it will likely get away with it without regulatory issues. After all, Walmart has been providing some level of healthcare services to its customers for decades.
The time to buy a Tesla is now…
Tesla is about to take another major step.
On September 5, Tesla will release its Full Self-Driving (FSD) 10.69.2 update. Meanwhile, Tesla is raising the price of its FSD software from $12,000 to $15,000.
Tesla is unique in the automotive industry in that it is the only company to have used a software sales model similar to that of the information technology industry. It is a standard model. Tesla sells either a one-time perpetual license for its software or a monthly recurring revenue software-as-a-service (SaaS) model.
Just like the software industry, as features and functionality improve, so does the price. And just like in the IT industry, big price increases are always correlated with major product improvements.
Tesla has rolled out early access to FSD 10.69.2 to around 1,000 beta testers. Their feedback suggests that the software has improved considerably and is much more capable of handling more nuanced driving situations. It is now able to successfully handle small issues that beta testers have encountered over the years.
So, all signs point to the new update being quite impressive. And it’s a signal that Tesla is about to roll out FSD capabilities across its entire fleet.
The takeaway here is that if anyone was about to buy a Tesla hoping to take advantage of self-driving technology – or if anyone owns a Tesla and is considering an upgrade to FSD – now is the time. FSD prices will only go up from here.
The James Webb Telescope continues to provide…
Every week seems to bring incredibly stunning images from space, courtesy of NASA and the James Webb Space Telescope (JWST). It was breathtaking to see, like a new world was opening up for all of us.
As a reminder, the JWST is the most complex telescope ever built. NASA launched it to a destination about a million miles from Earth in February.
We call its destination the LaGrange point 2 (L2). It is on the opposite side of the Earth to the Sun. This makes it incredibly cool and somewhat protected from the sun, which is great for telescope performance.
Until now, most of its targets have been in deep space. But the JWST just returned some photos of Jupiter. And these are some of the most amazing pictures I have ever seen.
Here is an excellent one:
View of Jupiter by JWST
Here we can see a greenish aurora encompassing both poles of the planet. We can see Jupiter’s Great Red Spot in the lower right of the image (it reflects a lot of sunlight in the image, which is why it doesn’t look red). And many of the bright, fluorescent marks we see are high-altitude clouds around the planet that also reflect the sun.
JWST is an infrared telescope capable of remarkable resolution. He sees things that are not visible to the human eye. Then NASA uses filters to convert the data into images in the visible spectrum.
Here’s another great image:
Annotated view of Jupiter
That’s wonderful. We can see the faint image of Jupiter’s rings encircling the planet. We can also see the smaller moons of Amalthea and Adrastea orbiting Jupiter.
To put the quality of JWST’s images into perspective, we have to keep in mind that Jupiter is between 365 million and 600 million kilometers from Earth, depending on where each planet is in its orbit, at any time. of the year.
It’s hard to imagine how far away that is. That’s a distance that’s – at a minimum – 121,666 times longer than a trip from the West Coast to the East Coast of the United States.
The bottom line is that the science and discoveries already coming back from the James Webb Telescope are mind-boggling. In time, we will gain incredible knowledge about our solar system, our galaxy, and ultimately our universe. And who knows, we might even discover signs of another civilization… After all, we are not alone.
Editor, The bleeding edge
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