Volvo to put cameras and sensors in its cars to tackle drunk driving

Volvo Cars is set to install in-car cameras and sensors to monitor drivers for signs of intoxication and distraction. Actions the car could take include limiting speed to slowing down and then parking the car in a safe place. The system, Volvo Cars said, will be on the lookout for a range of potentially dangerous behaviors. According to the National Highway Traffic Safety Administration (NHTSA), nearly 30 people in the U.S. die each day because of drunk driving crashes. “There are many accidents


Volvo Cars is set to install in-car cameras and sensors to monitor drivers for signs of intoxication and distraction. Actions the car could take include limiting speed to slowing down and then parking the car in a safe place. The system, Volvo Cars said, will be on the lookout for a range of potentially dangerous behaviors. According to the National Highway Traffic Safety Administration (NHTSA), nearly 30 people in the U.S. die each day because of drunk driving crashes. “There are many accidents
Volvo to put cameras and sensors in its cars to tackle drunk driving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: anmar frangoul, volvo car group
Keywords: news, cnbc, companies, serious, result, monitor, speed, drivers, technology, cameras, driving, drunk, volvo, cars, sensors, safety, car, tackle


Volvo to put cameras and sensors in its cars to tackle drunk driving

Volvo Cars is set to install in-car cameras and sensors to monitor drivers for signs of intoxication and distraction.

The firm said the technology will be used to monitor drivers and, when needed, enable the car “to intervene if a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death.”

Actions the car could take include limiting speed to slowing down and then parking the car in a safe place. Installation of the technology will start in the early 2020s.

Wednesday’s announcement represents the latest attempt by the company to boost the safety of its vehicles. At the beginning of March, it announced it would introduce a 180 kilometers per hour (112 miles per hour) speed limit on all its cars from 2020.

“When it comes to safety, our aim is to avoid accidents altogether rather than limit the impact when an accident is imminent and unavoidable,” Henrik Green, Volvo Cars’ senior vice president, research and development, said in a statement Wednesday.

“In this case, cameras will monitor for behavior that may lead to serious injury or death,” Green added.

The system, Volvo Cars said, will be on the lookout for a range of potentially dangerous behaviors. These include drivers who display a “complete lack of steering input for extended periods of time” or have their eyes closed or off the road for long periods. Technology will also monitor “excessively slow reaction times” and “extreme weaving across lanes.”

According to the National Highway Traffic Safety Administration (NHTSA), nearly 30 people in the U.S. die each day because of drunk driving crashes. There were 10,874 deaths in the U.S. from drunk driving crashes in 2017, the NHTSA adds.

“There are many accidents that occur as a result of intoxicated drivers,” Trent Victor, professor of Driver Behaviour at Volvo Cars, said. “Some people still believe that they can drive after having had a drink, and that this will not affect their capabilities. We want to ensure that people are not put in danger as a result of intoxication.”

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Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: anmar frangoul, volvo car group
Keywords: news, cnbc, companies, serious, result, monitor, speed, drivers, technology, cameras, driving, drunk, volvo, cars, sensors, safety, car, tackle


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‘See something, say something’ to tackle online extremism: Stratfor

‘See something, say something’ to tackle online extremism: Stratfor5 Hours AgoScott Stewart of Stratfor says, with the help of the internet, terrorists now have the ability to become their own “mass media,” and more needs to be done to take this ability away from them.


‘See something, say something’ to tackle online extremism: Stratfor5 Hours AgoScott Stewart of Stratfor says, with the help of the internet, terrorists now have the ability to become their own “mass media,” and more needs to be done to take this ability away from them.
‘See something, say something’ to tackle online extremism: Stratfor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18
Keywords: news, cnbc, companies, media, stratfor, tackle, needs, stratfor5, say, extremism, stewart, online, ability, terrorists


'See something, say something' to tackle online extremism: Stratfor

‘See something, say something’ to tackle online extremism: Stratfor

5 Hours Ago

Scott Stewart of Stratfor says, with the help of the internet, terrorists now have the ability to become their own “mass media,” and more needs to be done to take this ability away from them.


Company: cnbc, Activity: cnbc, Date: 2019-03-18
Keywords: news, cnbc, companies, media, stratfor, tackle, needs, stratfor5, say, extremism, stewart, online, ability, terrorists


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7 in 10 Americans are avoiding difficult conversations at work — here’s how to tackle them

She outlined three tips to prepare yourself for a difficult conversation at work. Expect the best, but prepare for the worstWhile you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted. “Try to think through the worst-case scenarios and prepare for how you might respond in that situation. Say it ou


She outlined three tips to prepare yourself for a difficult conversation at work. Expect the best, but prepare for the worstWhile you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted. “Try to think through the worst-case scenarios and prepare for how you might respond in that situation. Say it ou
7 in 10 Americans are avoiding difficult conversations at work — here’s how to tackle them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karen gilchrist, -tohervey, ceo of bravely
Keywords: news, cnbc, companies, tackle, difficult, try, heres, say, americans, situation, important, avoiding, conversation, best, think, work, conversations, prepare, sheehan, way


7 in 10 Americans are avoiding difficult conversations at work — here's how to tackle them

Nevertheless, approaching difficult conversations is not only an important workplace skill, it could also be what enables your next step forward, said Sarah Sheehan, Bravely’s chief customer officer, who co-founded the company with Hervey as a platform for confidential professional advice.

She outlined three tips to prepare yourself for a difficult conversation at work.

1. Consider viewpoints beyond your own

“It’s easy to think about yourself and only yourself when you’re dealing with something challenging at work, but take the time to think through how someone might see it from the other side, and whether certain circumstances could be creating the situation at hand,” said Sheehan.

Your manager is a person, too, noted Sheehan, so sometimes the best thing you can do is to put yourself in their shoes and try to think things through from a new perspective.

2. Expect the best, but prepare for the worst

While you will be hoping for the best possible resolution to your conversation, it’s helpful to prepare yourself for a potential negative outcome. That way, you will be better able to keep your emotions in check and avoid escalating the situation, Sheehan noted.

“Try to think through the worst-case scenarios and prepare for how you might respond in that situation. That way, you might be less likely to react with emotion,” she said.

3. Say it out loud

Finally, try rehearsing the conversation, either to yourself or someone else, to hone your message and perfect your delivery, said Sheehan.

“It will no doubt feel awkward at first,” she said, adding that “forcing yourself to say the words will help you hone how you deliver it, control the tone (which is super important!), and ensure you stick the landing.”

Don’t miss: Think your boss hates you? You could be onto something

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Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: karen gilchrist, -tohervey, ceo of bravely
Keywords: news, cnbc, companies, tackle, difficult, try, heres, say, americans, situation, important, avoiding, conversation, best, think, work, conversations, prepare, sheehan, way


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ECB in panic mode? Experts warn it’ll take more than a central bank to help Europe recover

New monetary stimulus from the European Central Bank (ECB) will do “little” to boost the region’s sluggish economy and tackle its biggest risks, analysts told CNBC. ECB President Mario Draghi said that interest rates would remain at record lows at least until December. Growth forecasts for the euro zone were slashed for this year and new loans to euro zone banks were announced. “(The announcements) are also a bit of a gamble as they will do very little to tackle the biggest risks for the euro zo


New monetary stimulus from the European Central Bank (ECB) will do “little” to boost the region’s sluggish economy and tackle its biggest risks, analysts told CNBC. ECB President Mario Draghi said that interest rates would remain at record lows at least until December. Growth forecasts for the euro zone were slashed for this year and new loans to euro zone banks were announced. “(The announcements) are also a bit of a gamble as they will do very little to tackle the biggest risks for the euro zo
ECB in panic mode? Experts warn it’ll take more than a central bank to help Europe recover Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: silvia amaro, -christoph schon, executive director at axioma
Keywords: news, cnbc, companies, mode, stimulus, central, experts, tackle, euro, ecbs, warn, panic, told, risks, recover, europe, little, ecb, help, zone, economy, itll


ECB in panic mode? Experts warn it'll take more than a central bank to help Europe recover

New monetary stimulus from the European Central Bank (ECB) will do “little” to boost the region’s sluggish economy and tackle its biggest risks, analysts told CNBC.

“(The ECB’s) announcements have some flavor of panic as the ECB’s base case scenario still foresees a gradual recovery and the 2020 and 2021 forecasts were hardly revised downwards,” Carsten Brzeski, chief economist at ING Germany, said in a note Thursday.

The Frankfurt-based institution surprised markets with a renewed dovish tone. ECB President Mario Draghi said that interest rates would remain at record lows at least until December. Growth forecasts for the euro zone were slashed for this year and new loans to euro zone banks were announced.

“The measures as such are not such a big surprise but the timing of the announcement is,” Brzeski added. “(The announcements) are also a bit of a gamble as they will do very little to tackle the biggest risks for the euro zone economy, which according to the ECB stem from external sources.”

Draghi even acknowledged this fact in a press conference following the ECB’s formal rate decision on Thursday. “We are aware that our decisions (new stimulus) certainly increase the resilience of the euro zone economy, but actually can they address these factors that are weighing on the euro zone economy in the rest of the world? They cannot,” Draghi told reporters, adding that protectionism and geopolitics were among those outside risks.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: silvia amaro, -christoph schon, executive director at axioma
Keywords: news, cnbc, companies, mode, stimulus, central, experts, tackle, euro, ecbs, warn, panic, told, risks, recover, europe, little, ecb, help, zone, economy, itll


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Global treaty needed to tackle obesity, researchers say

Obesity should be tackled using a global treaty that shuts “Big Food” out of policy decisions, medical researchers said on Sunday. The commission accused “Big Food” of intimidating politicians, as well as using their commercial influence and “privileged access to decision makers,” to prevent policies from being implemented. To offset industry opposition, it called for a global treaty to be established to create effective policies for tackling obesity. It noted that measures such as warning label


Obesity should be tackled using a global treaty that shuts “Big Food” out of policy decisions, medical researchers said on Sunday. The commission accused “Big Food” of intimidating politicians, as well as using their commercial influence and “privileged access to decision makers,” to prevent policies from being implemented. To offset industry opposition, it called for a global treaty to be established to create effective policies for tackling obesity. It noted that measures such as warning label
Global treaty needed to tackle obesity, researchers say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: chloe taylor, getty images
Keywords: news, cnbc, companies, obesity, unhealthy, global, say, tobacco, treaty, using, researchers, big, report, food, needed, commission, tackle


Global treaty needed to tackle obesity, researchers say

Obesity should be tackled using a global treaty that shuts “Big Food” out of policy decisions, medical researchers said on Sunday.

In a report published in “The Lancet” medical journal, the Lancet Commission on Obesity – comprised of 26 researchers from 14 countries – said there had been inadequate political leadership when it came to addressing the obesity crisis.

The commission accused “Big Food” of intimidating politicians, as well as using their commercial influence and “privileged access to decision makers,” to prevent policies from being implemented.

To offset industry opposition, it called for a global treaty to be established to create effective policies for tackling obesity. The commission suggested following the example of the WHO’s Framework Convention on Tobacco Control, which explicitly excluded the tobacco industry from being involved in policy development.

Member states of such a treaty should “translate the principles and guidelines into national laws to protect their populations from practices that undermine healthy food environments,” the report said. It noted that measures such as warning labels on food and restricting advertising to children could help reduce obesity rates.

“Although food clearly differs from tobacco because it is necessary to support human life, unhealthy food and beverages are not,” said William Dietz, co-chair of the commission, in a press release on Sunday.

“The similarities with Big Tobacco lie in the damage they induce and the behaviours of the corporations that profit from them. A Framework Convention on Food Systems would help empower individual nations against vested commercial interests, redirect the vast subsidies that currently benefit unhealthy industries, and provide full transparency.”


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: chloe taylor, getty images
Keywords: news, cnbc, companies, obesity, unhealthy, global, say, tobacco, treaty, using, researchers, big, report, food, needed, commission, tackle


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Gridlock over US border wall is ‘fundamentally silly’: Expert

Gridlock over US border wall is ‘fundamentally silly’: Expert19 Hours AgoEdward Alden of the Council on Fore­­­ign Relations says the U.S. public is “frustrated” by the inability of American leaders to seriously tackle problems in the country’s border with Mexico.


Gridlock over US border wall is ‘fundamentally silly’: Expert19 Hours AgoEdward Alden of the Council on Fore­­­ign Relations says the U.S. public is “frustrated” by the inability of American leaders to seriously tackle problems in the country’s border with Mexico.
Gridlock over US border wall is ‘fundamentally silly’: Expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-21
Keywords: news, cnbc, companies, seriously, silly, leaders, public, fundamentally, expert, gridlock, wall, problems, border, tackle, relations, mexico


Gridlock over US border wall is 'fundamentally silly': Expert

Gridlock over US border wall is ‘fundamentally silly’: Expert

19 Hours Ago

Edward Alden of the Council on Fore­­­ign Relations says the U.S. public is “frustrated” by the inability of American leaders to seriously tackle problems in the country’s border with Mexico.


Company: cnbc, Activity: cnbc, Date: 2019-01-21
Keywords: news, cnbc, companies, seriously, silly, leaders, public, fundamentally, expert, gridlock, wall, problems, border, tackle, relations, mexico


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Microsoft pledges $500 million to tackle Seattle housing crisis

Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing, The Seattle Times reported. In comparison, the amount dwarfs the $100 million in annual funding for Washington state’s Housing Trust Fund. It’s too early to say exactly how much afforda


Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing, The Seattle Times reported. In comparison, the amount dwarfs the $100 million in annual funding for Washington state’s Housing Trust Fund. It’s too early to say exactly how much afforda
Microsoft pledges $500 million to tackle Seattle housing crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: george rose, getty images
Keywords: news, cnbc, companies, crisis, million, affordable, company, housing, 500, region, tackle, microsoft, workers, help, seattle, regions, pledges


Microsoft pledges $500 million to tackle Seattle housing crisis

Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap.

Most of the money will be aimed at increasing housing options in the Puget Sound region for low- and middle-income workers at a time when they’re being priced out of Seattle and some of its suburbs, and when the vast majority of new buildings target wealthier renters, said Microsoft President Brad Smith.

The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing, The Seattle Times reported. In comparison, the amount dwarfs the $100 million in annual funding for Washington state’s Housing Trust Fund.

It’s too early to say exactly how much affordable housing will ultimately result from the $500 million, Microsoft officials said. Smith said the company, based in the Seattle suburb of Redmond, hopes to leverage the fund to help create “tens of thousands of units.”

The initiative comes as Microsoft and other tech giants that have driven the region’s economic boom face increasing pressure to help mitigate affordable-housing shortages. Microsoft is coupling its contributions with a call for other companies to step up, and for Seattle’s Eastside suburbs — of which Redmond is one — to facilitate more housing.

The company, which plans a news conference Thursday, will split the funds three ways.

Microsoft will loan $225 million at below-market interest rates to help developers facing high land and construction costs build and preserve “workforce housing” on the Eastside, where the company has 50,000 workers and is planning for more. The developments will be aimed at households making between $62,000 and $124,000 per year.

Another $250 million will go toward market-rate loans for construction of affordable housing across the Puget Sound region for people making up to 60 percent of the local median income ($48,150 for a two-person household). The remaining $25 million will be donated to services for the region’s low-income and homeless residents.

Smith said he views the fund as an acknowledgment of the economic realities faced by low-salary workers at the company and elsewhere in King County. “At some level we as a region are going to need to either say there are certain areas where we’re comfortable having more people live, or we just want permanently to force the people who are going to teach our kids in schools, and put out the fires in our houses and keep us alive in the hospital, to spend four hours every day getting to and from work,” he said. “That is not, in our view, the best outcome for the community.”


Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: george rose, getty images
Keywords: news, cnbc, companies, crisis, million, affordable, company, housing, 500, region, tackle, microsoft, workers, help, seattle, regions, pledges


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Housing pledge driven by responsibility, gratitude, says Microsoft president

Housing pledge driven by responsibility, gratitude, says Microsoft president12 Hours AgoMicrosoft President and chief legal officer Brad Smith joins CNBC’s “Closing Bell” to discuss Microsoft pledge of $500 million to tackle Seattle’s housing crisis. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing. The initiative comes as Microsoft and other tech giants that have driven the region’


Housing pledge driven by responsibility, gratitude, says Microsoft president12 Hours AgoMicrosoft President and chief legal officer Brad Smith joins CNBC’s “Closing Bell” to discuss Microsoft pledge of $500 million to tackle Seattle’s housing crisis. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing. The initiative comes as Microsoft and other tech giants that have driven the region’
Housing pledge driven by responsibility, gratitude, says Microsoft president Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-17
Keywords: news, cnbc, companies, housing, responsibility, smith, tech, tackle, seattles, shortages, pledge, president, gratitude, microsoft, driven


Housing pledge driven by responsibility, gratitude, says Microsoft president

Housing pledge driven by responsibility, gratitude, says Microsoft president

12 Hours Ago

Microsoft President and chief legal officer Brad Smith joins CNBC’s “Closing Bell” to discuss Microsoft pledge of $500 million to tackle Seattle’s housing crisis. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing. The initiative comes as Microsoft and other tech giants that have driven the region’s economic boom face increasing pressure to help mitigate affordable-housing shortages.


Company: cnbc, Activity: cnbc, Date: 2019-01-17
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Bolsonaro takes office in Brazil, says nation ‘liberated from socialism’

Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation. “This is the beginning of Brazil’s liberation from socialism, political correctness and a bloated state,” Bolsonaro, 63, said in an address to the nation made after he donned the presidential sash. Voters punished mainstream parties following more th


Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation. “This is the beginning of Brazil’s liberation from socialism, political correctness and a bloated state,” Bolsonaro, 63, said in an address to the nation made after he donned the presidential sash. Voters punished mainstream parties following more th
Bolsonaro takes office in Brazil, says nation ‘liberated from socialism’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: evaristo sa, afp, getty images
Keywords: news, cnbc, companies, liberated, rights, brazils, nation, president, voters, bolsonaro, socialism, office, brazil, tackle, largest, takes, parties, political


Bolsonaro takes office in Brazil, says nation 'liberated from socialism'

Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation.

Bolsonaro, a former army captain turned lawmaker who openly admires Brazil’s 1964-1985 military dictatorship, promised in his first remarks as president to adhere to democratic norms, after his tirades against the media and political opponents had stirred unease.

While investors hope Bolsonaro’s free-market stance will reinvigorate Brazil’s economy – the eight largest in the world – environmentalists and rights groups are worried he will roll back protections for the Amazon rain forest and loosen gun controls in a country that already has the world’s highest number of murders.

“This is the beginning of Brazil’s liberation from socialism, political correctness and a bloated state,” Bolsonaro, 63, said in an address to the nation made after he donned the presidential sash.

A seven-term congressman who spent decades on the fringes of Brazilian politics, Bolsonaro was swept to power in October by voters’ outrage with traditional political parties, making him Brazil’s first right-wing president since the dictatorship.

Voters punished mainstream parties following more than four years of graft investigations that laid bare the largest political corruption scheme ever discovered. Centrist parties were trounced, reshaping Brazil’s political landscape and polarizing Congress.

Following a knife attack during the presidential campaign that left Bolsonaro hospitalized for weeks, security was tight for his inauguration. Some 10,000 police officers and soldiers were deployed on the streets of Brasilia, the capital, as Bolsonaro and his wife rode in an open-topped Rolls-Royce to Congress.

His voters are now impatient for Bolsonaro to make good on ambitious promises to tackle graft and violent crime and revive an economy still sputtering after the collapse of a commodities boom led to Brazil’s worst recession on record.

As thousands of supporters, many with the Brazilian flag draped around their shoulders, chanted “the captain has arrived!,” Bolsonaro launched into a fiery speech.

“We have the great challenge of taking on the effects of an economic crisis, of facing the distortion of human rights and the breakdown of the family,” he said. “We must urgently end ideologies that defend criminals and penalise police.”


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: evaristo sa, afp, getty images
Keywords: news, cnbc, companies, liberated, rights, brazils, nation, president, voters, bolsonaro, socialism, office, brazil, tackle, largest, takes, parties, political


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Walgreens to tackle health-care costs with Alphabet’s Verily

Walgreens Boots Alliance is teaming with Verily, Alphabet’s life sciences unit, on improving outcomes for patients with chronic conditions, the companies announced. Verily CEO Andrew Conrad said that working with Walgreens provides the health tech company “the opportunity to jointly tackle real-world issues that significantly impact the health of individuals and communities.” Both Walgreens and competitor CVS Health have mentioned lowering health-care costs for consumers as a priority in recent


Walgreens Boots Alliance is teaming with Verily, Alphabet’s life sciences unit, on improving outcomes for patients with chronic conditions, the companies announced. Verily CEO Andrew Conrad said that working with Walgreens provides the health tech company “the opportunity to jointly tackle real-world issues that significantly impact the health of individuals and communities.” Both Walgreens and competitor CVS Health have mentioned lowering health-care costs for consumers as a priority in recent
Walgreens to tackle health-care costs with Alphabet’s Verily Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: christine wang, christina farr, steve hockstein, bloomberg, getty images
Keywords: news, cnbc, companies, diabetes, feinberg, patients, health, alphabets, verily, company, companies, costs, tackle, walgreens, healthcare, verilys


Walgreens to tackle health-care costs with Alphabet's Verily

Walgreens Boots Alliance is teaming with Verily, Alphabet’s life sciences unit, on improving outcomes for patients with chronic conditions, the companies announced.

The partnership would increase access to Verily’s technology by deploying them at Walgreens’ pharmacies. A big focus for the companies will be medication adherence, which costs the U.S. health care system some $100 billion to $289 billion a year. Much of this cost is due to increased hospitalizations for patients who get sick when they don’t take their medication as prescribed.

Walgreens CEO Stefano Pessina said the company is committed to finding more affordable solutions for patients and that forging the right partnerships is part of that effort.

“The continued rise in chronic diseases today can be costly to patients as well as to our healthcare system,” Pessina said in a statement. “Working with Verily, we’ll look at how we can best support integrated and value-based care to meet our patients’ needs, as well as opportunities to address other chronic conditions over time.”

Verily CEO Andrew Conrad said that working with Walgreens provides the health tech company “the opportunity to jointly tackle real-world issues that significantly impact the health of individuals and communities.”

Both Walgreens and competitor CVS Health have mentioned lowering health-care costs for consumers as a priority in recent announcements. While competitor CVS Health pursued this goal through its blockbuster acquisition of insurer Aetna, Walgreens has sought to transform itself through a series of partnerships with companies like insurer Humana and diagnostics company LabCorp.

Similarly, it is the latest signal from Verily’s parent company Alphabet that it intends to ramp up in the health-care space.

In November, Alphabet’s Google hired hospital executive David Feinberg to run its new health division, which is focused on bringing its medical AI research into clinical practice. Verily will not serve under Feinberg, but the two groups are closely aligned. For instance, Verily’s head of engineering Linus Upson is currently the interim CEO of that division, but will be replaced by Feinberg when he joins early next year.

The Walgreens collaboration is the unit’s first known partnership in the pharmacy space.

The companies said that Onduo, Verily’s diabetes company, will work together on a virtual solution for Walgreens employees and their family members. This will be available to those who have been diagnosed with type 2 diabetes. The details on this program are still vague, but the companies said they’d be part of a broader alliance between Verily and Walgreens.

Onduo was created by Verily and pharmaceutical giant Sanofi to roll out what it refers to on its website as a “virtual diabetes clinic.” It offers supplies and coaching to people with diabetes to help them manage their condition.

Verily, which was initially known as Google Life Sciences, works closely with health care companies from Johnson & Johnson to Sanofi on joint ventures ranging in scope from next-generation glucose monitors to surgical robots.


Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: christine wang, christina farr, steve hockstein, bloomberg, getty images
Keywords: news, cnbc, companies, diabetes, feinberg, patients, health, alphabets, verily, company, companies, costs, tackle, walgreens, healthcare, verilys


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