Economy - Finance > Technology

We spoke to Amazon, Microsoft, Google, and 9 top healthcare leaders. They all said coronavirus is creating a new and permanent foothold for tech giants in the $3.6 trillion industry

4 days ago   |   By Business Insider

The coronavirus pandemic made healthcare and major tech companies more intertwined than ever.
Driven by outbreaks, providers leaned on Amazon, Microsoft, and Google to get systems up and running for telehealth, triage bots, supply management, and more.
Now they're baking those tools into their permanent strategies and rethinking a future with more tech.
"All of this is a genie that is not going to be put back in a bottle," Jonathan Slotkin, the associate chief medical officer of Geisinger Health, told Business Insider.
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Healthcare has...
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Blackstone just hired an Amazon Web Services exec who helped the cloud giant do M&A. It's the latest sign that big private-equity firms are muscling in on specialty tech investors' turf

Blackstone just hired an Amazon Web Services exec who helped the cloud giant do M&A. It's the latest sign that big private-equity firms are muscling in on specialty tech investors' turf

4 days ago   |   By Business Insider

Private-equity giant Blackstone just hired an Amazon Web Services exec in an effort to scout out tech deals.
Christine Feng, a director in corporate development at AWS, joins Blackstone as senior managing director, three months after Blackstone poached another tech-focused dealmaker, Vini Letteri, from KKR. Both staff the firm's San Francisco office.
Blackstone's head of tactical opportunities, Chris James, laid out why the firm is doubling down on tech, an area that's proven resilient throughout the pandemic.
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Private-equity giant The...
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See the pitch deck that helped WorkPatterns raise $2.8 million in seed...

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ISM Services Index increased to 58.1% in July, Employment Index Declined

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Ford's new CEO named Amazon, Apple, and Tesla - not GM - as his key rivals...

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Jim Farley, Ford's current COO and incoming CEO, didn't mention General Motors or Fiat Chrysler when discussing Ford's competition during a Tuesday conference call. "We know... Read more ...

Trade Deficit decreased to $50.7 Billion in June

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Big Tech's record rally is being boosted by coronavirus - and growth rates...

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Rick Sherlund, Bank of America Merrill Lynch vice chairman of technology investment banking, said COVID-19 has accelerated a digital revolution and has boosted big tech. He... Read more ...

'Waking up suburbia': Trump's use of federal agents backfired, spurring...

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Highflying i-bankers are grounded - Facebook's new digs - Vanguard power players

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Trump could do to China what Reagan did to Soviet Union, if he wins second...

Trump could do to China what Reagan did to Soviet Union, if he wins second term - economics professor tells Boom Bust

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MBA: Mortgage Applications Decrease in Latest Weekly Survey

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From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.1 percent from one week earlier, according to data from the Mortgage... Read more ...