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Tuesday 08.29.17

"The most powerful social media ... it is not the internet, it is not Facebook - it is food. This connects all human beings." –Alex Atala (one of our heroes)




 
The Amazon Effect: How Prices Dropped at Whole Foods  The New York Times went shopping to see how much cheaper Whole Foods, had become after Amazon took over the supermarket. - New York Times

New Uber CEO may get $200 million  According to Bloomberg data, CEO Dara Khosrowshahi had about $185 million in unvested stock options when Uber made the offer. Khosrowshahi probably wouldn’t forgo that kind of money unless Uber could offer him more. - Tech Crunch

BlackRock Finds $5 Trillion Industry is Now Riskier Than in '08  The world’s largest money manager crunched the regulatory filings of over 500 insurance companies and developed models of their portfolios for a similar downturn to 2008's. The results discovered were significantly worse than the group’s losses during the depths of the crisis. - Bloomberg

Comcast builds out 'smart home' strategy as cable shrinks  Although Comcast may best be known as a cable company, it is banking on remote-controlled door locks and cameras as well as other "smart home" offerings to advance its home security business. - Reuters

Harvey Recharges Offshore as Crippled Houston Counts the Cost  As floods inundated the nation’s fourth-largest city Monday, with more than a foot of rain likely still to come through Friday, predictions of damage ranged as high as $100 billion. - Bloomberg

Burger King launches WhopperCoin crypto-cash in Russia  Burger King has partnered with crypto-cash start-up Waves to create and run a cryptocurrency. Customers will be able to claim one coin for every rouble (0.75p) they spend on the Whopper sandwich. - BBC

North Korea's 'reckless' missile launch over Japan sharply escalates tension  North Korea fired a ballistic missile over Japan’s northern Hokkaido island into the sea yesterday, which prompted warnings to residents to take cover and resulted in a sharp reaction from Japanese Prime Minister Shinzo Abe. - Reuters

Jet-setting heir to Red Bull fortune sought in fatal hit-and-run of Thai policeman  Nicknamed “Boss,” the 32-year-old whose grandfather co-founded energy drink company Red Bull has repeatedly failed to show for court hearings to address charges related to the death of Sgt. Maj. Wichean Glanprasert — speeding, hit-and-run and reckless driving. - Washington Post
 

  An Ex-Tesla Engineer FDA-Compliant Cure for Hangovers 

"Then he got an idea. Could he just make the drink himself? He had taken three years of nanotechnology/biotech engineering in college before changing majors to computer science..."
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