News

Artificial Intelligence
Healthcare Advances Will be Powered by Human-Trained AI
May 01, 2023

The future-fit capabilities of artificial intelligence (AI) hold a particularly exciting value proposition for healthcare. Modern, AI-assisted processes across biomedical research, cancer screening, product development and treatment recommendation modeling, as well as back-office administrative optimization, all promise to transform physician decisioning and diagnosing across both...

Payments Innovation
Stripe Now Powers Real-Time Card Payments on Microsoft Teams
May 01, 2023

Businesses using Microsoft Teams can now accept payments with Stripe. With Stripe powering Teams Payments, meeting hosts can accept real-time card payments before, during or after virtual appointments, classes and other events, the companies said in a Monday (May 1) press release. “We’re thrilled to...

Retail
Kroger and Albertsons Court Public Support for Merger by Leveraging Inflation Anxieties
May 01, 2023

As Kroger and Albertsons’ pending merger faces criticism, the grocers are courting price-sensitive shoppers’ favor. In a co-authored op-ed in The Cincinnati Enquirer, Kroger Company CEO Rodney McMullen and Albertsons Companies CEO Vivek Sankaran pushed back against opposition to the proposed merger. The piece addressed claims that...

International
British Consumers Expect Inflation to Slow
May 01, 2023

British consumers are feeling more optimistic about inflation. Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% they said they expected in March, Reuters reported Monday (May 1), citing a survey...

IPO
SoftBank Group Subsidiary Arm Planning IPO
May 01, 2023

Semiconductor designer Arm Ltd., a subsidiary of SoftBank Group, is planning an initial public offering (IPO). The organization has confidentially submitted a draft registration on Form F-1 — a filing that is required for the registration of certain securities by foreign issuers — to the...

Regulation
McHenry Questions FDIC’s Response to Banking Failures
May 01, 2023

A leading House Republican is questioning the federal government’s response to First Republic Bank’s collapse. In a statement issued Monday (May 1), House Financial Services Committee Chairman Patrick McHenry said he appreciated the “quick work” of the Federal Deposit Insurance Corporation (FDIC) in selling off...

Banking
First Republic Deal Beefs Up JPMorgan’s Affluent Customer Ecosystem
May 01, 2023

With a bit of government help and snapping up First Republic Bank, JPMorgan Chase continues to build out its network, crafting an ecosystem that now has a greater number of wealthier depositors in the mix. Monday, the Federal Deposit Insurance Corp. took over First Republic...

B2B Payments
BigCommerce Retools B2B eCommerce Platform and Adds Multi-Stores
May 01, 2023

BigCommerce has added new functionalities to its B2B eCommerce platform for suppliers, manufacturers, distributors and wholesalers. The latest release of the company’s B2B Edition introduces multi-storefront compatibility, a modernized buyer portal and headless support, BigCommerce said in a Monday (May 1) press release. “With B2B...

Security & Fraud
UK Cuts Tech Firms Slack on Online Content Fraud
May 01, 2023

The U.K.’s new anti-fraud strategy reportedly places less burden on tech companies. As the Financial Times reported Monday (May 1), the British government is set to unveil the strategy as early as Wednesday (May 3), with the goal of coordinating lawmakers, police and private companies. However, the...