industry

Artists, live industry brace for a year without concerts: 'Is there a better place for spreading disease?'

Epidemiologists and government officials agree that large-scale concerts and festivals can't be safely held until 2021, a crushing blow.




industry

With the live music industry ravaged by coronavirus, Travis Scott turns to 'Fortnite'

In this coronavirus climate, Travis Scott's "Fortnite" collaboration is something of an experiment for our new reality. Games are our new social spaces.




industry

Open letter to the meat industry in England in response to coronavirus

In these unprecedented times, we have published the following open letter thanking those working in the meat industry for their co-operation.




industry

An open letter to those working in the meat industry in Wales

In these unprecedented times, we have published the following open letter thanking those working in the meat industry in Wales for their co-operation.




industry

How airline industry will function post coronavirus pandemic REVEALED



THE AIRLINE INDUSTRY has seen major losses in profit due to the coronavirus pandemic, with many companies seeing job losses and uncertain futures. But this is how the airline industry may recover after the pandemic.




industry

Joint statement on UK meat industry response to coronavirus

The following joint statement has been issued by the Food Standards Agency, Food Standards Scotland and representatives of the UK meat industry.




industry

FSA puts meat industry contingency plans in place in response to coronavirus

New measures will be available for the FSA to implement in slaughterhouses to ensure consumer safety and animal welfare protections are maintained.




industry

Property sector faces ‘bloodbath’ as restaurateur King warns industry to go into meltdown



PROPERTY owners are set to struggle from next month as renters are unable to pay their monthly fees due to income being reduced or cut because of the coronavirus pandemic, businessman Jeremy King warned.




industry

How airline industry will function post coronavirus pandemic REVEALED



THE AIRLINE INDUSTRY has seen major losses in profit due to the coronavirus pandemic, with many companies seeing job losses and uncertain futures. But this is how the airline industry may recover after the pandemic.




industry

Almost 10,000 unemployment claims filed in Southwest Utah as tourism industry lags

About 10% of Southern Utah workers have filed for unemployment amid the coronavirus, which doesn't include self-employed and many non-profit workers.

       




industry

The $440 million nonprofit arts industry expects major damage. Here's how to help.

Indianapolis' nonprofit arts sector supports about 30,000 jobs. The closures forced by coronavirus are causing damage to theaters, artists and more.

      




industry

'We are going to have to change our entire industry': Saskatoon restaurants adapt through COVID-19 pandemic

Restaurant owner Roxy Taschuk wasn’t optimistic about the state of her industry when the COVID-19 pandemic hit.




industry

Coronavirus pandemic rocks Indiana lodging industry as hotels lay off hundreds of workers

Layoffs are mounting in the hospitality industry. "It's worst than 9/11," says the president of the Indiana Restaurant and Lodging Association.

      




industry

Photos: How the central Indiana restaurant industry is reacting to a pandemic

Restaurants and bars in central Indiana respond to the coronavirus, or COVID-19, health pandemic while operating under state-issued restrictions.

      




industry

Broken gel nails. Gnarly roots. Coronavirus disrupts L.A. beauty and wellness industry

Home color kits and Zoom crystal readings fill the void. But underground services break the lockdown.




industry

Virgin Atlantic puts advisers on standby as industry teeters

Virgin Atlantic Airways has put advisers on standby to handle a potential administration as it races to secure a £500m rescue that would enable Sir Richard Branson’s flagship company to survive the coronavirus pandemic.




industry

COVID-19 has ravaged ride-hailing companies, but an industry watcher says the crisis could make Uber stronger (UBER)

  • While ride-hailing has suffered from the impact of COVID-19, Uber is in a good position to survive the crisis, three analysts who cover the company told Business Insider.
  • Uber is in no danger of running of out money anytime soon, said Mark Mahaney, a managing director at RBC Capital Markets.
  • And a series of cost-cutting moves should make the company profitable by next year, said Dan Ives, a managing director of equity research at Wedbush Securities.
  • Uber's food-delivery service, Uber Eats, gives the company an advantage over ride-hailing competitors, since it allows homebound consumers to keep using its app, said Tom White, a senior research analyst at DA Davidson.
  • Are you a current or former Uber employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter's encrypted address at mmatousek@protonmail.com.
  • Visit Business Insider's homepage for more stories.

The ride-hailing industry has taken a major hit from COVID-19 as potential customers remain confined to their homes, but Uber is in a good position to survive the crisis, three analysts who cover the company said.

"Their business model will be intact on the other side of this," said Dan Ives, a managing director of equity research at Wedbush Securities.

A strong cash reserve will help. After ending the first quarter with $9 billion in cash and short-term investments, Uber has the resources to survive a scenario in which the prevalence of COVID-19 and its effect on consumer behavior last for the next two years, said Mark Mahaney, a managing director at RBC Capital Markets.

On Thursday, Uber disclosed its first-quarter financial results, reporting an adjusted loss of $2.9 billion on revenue of $3.5 billion during the first three months of this year. Uber CEO Dara Khosrowshahi said on a call with analysts that the ride-hailing company would cut $1 billion in fixed costs. The company has recently removed its food-delivery service — Uber Eats — from eight unprofitable markets, folded its electric bike and scooter business into Lime (Uber recently led a $170 million investment round in the company), and announced it will lay off about 14% of its workforce.

Those moves should help Uber become profitable in 2021 (the company predicted in February that it would turn a profit by the end of this year), Ives said. Uber's management, which had struggled in the wake of the company's 2019 IPO, has performed well in the current crisis by being transparent with investors and quickly moving to reduce expenses, Ives said. Investors signaled their approval of the company's strategy by sending shares up as much as 8% in after-hours trading on Thursday.

Uber Eats was one of the highlights of the company's first-quarter results, said Tom White, a senior research analyst at DA Davidson, as gross bookings grew 52% from the first quarter of 2019 to $4.7 billion. Eats gives Uber an advantage over ride-hailing competitors that don't have a similar service, as it allows the company to keep homebound consumers using its app, White said. Even after the toll of COVID-19 begins to subside, demand for online food delivery could see continued growth, he added.

But there are still challenges ahead for Uber. The company said rides fell by as much as 80% in April, and Ives projects that 30% of the customers for gig-economy companies like Uber, Airbnb, and Lyft won't use a ride-hailing service until there's a vaccine for COVID-19. Yet the pandemic could leave Uber better off in the long run, White said.

"I saw and heard enough [during Uber's first-quarter earnings call] that makes it harder and harder for me to think that these guys don't emerge from this pandemic probably in a stronger competitive position and a healthier and leaner operating position," he said.

Are you a current or former Uber employee? Do you have an opinion about what it's like to work there? Contact this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter's encrypted address at mmatousek@protonmail.com.

SEE ALSO: Elon Musk's theater of the absurd is a sign of the times for tech

Join the conversation about this story »

NOW WATCH: Why Pikes Peak is the most dangerous racetrack in America




industry

The struggling iconic American industry you’re not thinking of

This sector has long been battered by forces beyond its control.




industry

Trump brings his industry back to the ’80s at last

Trump's own industry — leisure and hospitality — saw all its job gains since 1988 wiped out.




industry

The Challenges and Opportunities for Automation in the Real Estate Industry

According to Ascend2, 71% of businesses use marketing automation. The benefits of marketing automation are significant across all industries, including real estate. Even better, marketing isn’t the only process that real estate agents can automate in their business.  Managing a real estate business can be time-consuming. Numerous, repetitive tasks can prevent agents from maximizing their […]

The post The Challenges and Opportunities for Automation in the Real Estate Industry appeared first on ReadWrite.




industry

Channel24.co.za | SA's film and TV industry back to work amid Covid-19 – without extras or studio audiences

South Africa's film and TV industry got the green-light to reopen but as cameras start rolling and lights flicker back on it won't be business as usual.




industry

Industry Buzz – February 2019

Hi, sellers! In this Industry Buzz, we’re focusing on finding those strategies that will help your digital business achieve long-term growth. To that end, we’ve put together quite a list of resources on conversion rate optimization, pricing, retention, lead nurturing and growth tips and frameworks.




industry

Industry Buzz – February 2019

Hi, sellers! In this Industry Buzz, we’re focusing on finding those strategies that will help your digital business achieve long-term growth. To that end, we’ve put together quite a list of resources on conversion rate optimization, pricing, retention, lead nurturing and growth tips and frameworks.




industry

Radical new business model for pharmaceutical industry needed to avert antibiotic resistance crisis

7 October 2015

20151009Antibiotics.jpg

High-level complex of physiologically active antibiotic substance extracted from blastema at the Arctic Innovation Center (AIC) of Ammosov, North-Eastern Federal University (NEFU) in Yakutsk. Photo: Yuri Smityuk/ITAR-TASS Photo/Corbis.

Revenues for pharmaceutical companies need to be 'delinked' from sales of antibiotics to avoid their over-use and avert a public health crisis, says a new report from the think-tank Chatham House.

Over-use of antibiotics is contributing to the growing resistance of potentially deadly bacteria to existing drugs, threatening a public health crisis in the near future. The report notes that, by 2050, failing to tackle antibiotic resistance could result in 10 million premature deaths per year.                                       

Novel antibiotics to combat resistant pathogens are thus desperately needed, but market incentives are exacerbating the problem. Towards a New Global Business Model for Antibiotics: Delinking Revenues from Sales states that,                                       


'The current business model requires high levels of antibiotic use in order to recover the costs of R&D. But mitigating the spread of resistance demands just the opposite: restrictions on the use of antibiotics.'

                                       

To tackle this catch-22 problem, the Centre on Global Health Security at Chatham House recommends the establishment of a global body to implement a radical new business model for the industry, which would encourage investment and promote global access to - and conservation of - antibiotics.      

The current business model has several perverse effects. As R&D is an inherently risky and costly endeavour, the industry is chronically under-investing in new treatments. Today, few large pharmaceutical companies retain active antibacterial drug discovery programmes. Re-stoking the industry's interest in antibiotics would be one of the primary roles of the new body.   

Secondly, the need to recover sunk cost under the current business model encourages both high prices and over-marketing of successful drugs, making potentially life-saving treatments unaffordable to many in developing countries, while simultaneously encouraging over-use in developed markets and increasing resistance.   

The new global body would address these challenges by ‘delinking’ pharmaceutical revenues from sales of antibiotics. It would do this by directly financing the research and development of new drugs, which it would then acquire at a price based on production costs rather than the recovery of R&D expenses. Acquisition could take the form of procurement contracts with companies, the purchase of full IP rights or other licensing mechanisms.                                       

This would enable it to promote global access to antibiotics while simultaneously restricting over-use. Conservation would be promoted through education, regulation and good clinical practice, with the report recommending that 'proven conservation methods such as antibiotic stewardship programmes… be incentivized and implemented immediately.'

Priorities for R&D financing would be based on a comprehensive assessment of  threats arising from resistance. Antibiotics would qualify for the highest level of financial incentives if they combat resistant pathogens posing a serious threat to human health.                                       

Finance for the new body would come from individual nation states, with the report noting that this could 'begin with a core group of countries with significant research activity and large antibiotic markets, (though) it is envisaged that all high income countries should make an appropriate financial contribution.'                                 

It is not yet clear exactly how much funding would be necessary to combat resistance, but with inaction expected to cost $100 trillion in cumulative economic damage, the report argues that 'an additional global investment of up to $3.5 billion a year (about 10 per cent of the current value of global sales of antibiotics) would be a bargain.'

Editor's notes

Towards a New Global Business Model for Antibiotics: Delinking Revenues from Sales, is a Chatham House report edited by Charles Clift, Unni Gopinathan, Chantal Morel, Kevin Outterson, John-Arne Røttingen and Anthony So.

The report is embargoed until 00.01 GMT Friday 9 October.

For more information, or to request an interview with the editors, contact the press office.

Contacts

Press Office

+44 (0)20 7957 5739




industry

Revolutionizing and Industry

Researchers: Christopher Brinton, Zoomi, Inc. and Princeton University, and Mung Chiang, Purdue University Moment: http://www.ams.org/samplings/mathmoments/mm139-netflix.pdf Description: Christopher Brinton and Mung Chiang talk about the Netflix Prize competition.




industry

CBD News: Message from the Executive Secretary, Ahmed Djoghlaf, on the Occasion of the Fourth International Conference on Sustainable Agriculture for Food, Energy and Industry, Sapporo, Japan, 2-5 July 2008




industry

Same Old Tune: Columbia Business School Research Shows Bias Against Women in the Music Industry

Thursday, February 27, 2020 - 16:45

NEW YORK – In 2018, the Grammy Awards faced criticism when male artists swept the most prestigious music awards – prompting Recording Academy president Neil Portnow to say the solution is for women to “step up.” But the truth is women artists have been stepping up for decades, according to research from Columbia Business School’s Professor of Business Michael Mauskapf and Associate Professor of Organizational Behavior Noah Askin.




industry

Long-term developments of energy pricing and consumption in industry

(Paul Scherrer Institute) Researchers at the Paul Scherrer Institute PSI have collaborated with British economists to study how energy consumption by Swiss industry develops depending on energy pricing. To this end, they examined in particular the prices and consumption of both electricity and natural gas over the past decades. One result: For the most part, price increases have only long-term effects on energy consumption.




industry

Could hotel service robots help the hospitality industry after COVID-19?

(University of Surrey) A new research study, investigating how service robots in hotels could help redefine leadership and boost the hospitality industry, has taken on new significance in the light of the seismic impact of the Covid-19 outbreak on tourism and business travel. The study by academics at The University of Surrey and MODUL University Vienna focuses on how HR experts perceive service robots and their impact on leadership and HR management in the hotel industry.




industry

What about entertainment? - Industry insider feels sector under-represented in COVID recovery task force

Last month, Prime Minister Andrew Holness announced the establishment of an Economic Recovery Task Force, chaired by Finance Minister Dr Nigel Clarke. The multisectoral task force, which is mandated to oversee Jamaica's economic recovery from...




industry

Big Tan - Is the sunbed industry targeting research?

In 2012, Eleni Linos, professor of dermatology at Stanford university, published a systematic review and meta-analysis of the link between non-melanoma cancer and sun-beds. That bit of pretty standard research, and a particular rapid response to it, has kicked of years of work - and in this podcast I talk to Eleni and her colleagues Stanton...




industry

Dental schools, industry team up to create innovation centers

The Center for Research & Education in Technology is encouraging dental schools to find out how to participate in its program and learn about the benefits to the school and its students.




industry

New HPI Industry Report now available

Dental spending reached $136 billion in 2018 — 3.7% of all health spending — and what the ADA Health Policy Institute is calling a “historic high” in the new HPI Industry Report released Feb. 4.




industry

A Profile of Current DACA Recipients by Education, Industry, and Occupation

An average of 915 DACA recipients every day will lose their work authorization and protection from deportation once the phaseout of the program moves into full force in spring 2018, MPI estimates. This fact sheet also offers U.S. and state estimates of the school enrollment and educational attainment, workforce participation, and industries and occupations of employment for the nearly 690,000 current DACA holders.





industry

Connecticut Supreme Court OKs Part of Newtown Parents' Gun Industry Lawsuit

The state's highest court allowed some claims brought on behalf of relatives of victims of the 2012 mass shooting at Sandy Hook Elementary School to proceed against the firearms industry.




industry

Award of funding under the Regional Jobs and Investment Packages : Department of infrastructure, Transport, Cities and Regional Development, Department of Industry, Inovation and Science / The Auditor General.

"The objective of the audit was to assess whether the award of funding under the RJIP program was informed by appropriate departmental advice and that processes complied with the grants administration framework."--Page 8.




industry

Global meat : social and environmental consequences of the expanding meat industry / edited by Bill Winders and Elizabeth Ransom.

Meat industry and trade -- Environmental aspects.




industry

A survey of alcohol and drug abuse programs in the railroad industry / [Lyman C. Hitchcock, Mark S. Sanders ; Naval Weapons Support Center].

Washington, D.C. : Department of Transportation, Federal Railroad Administration, 1976.




industry

The interaction of food industry and environment

9780128175156 (electronic bk.)




industry

Agri-food industry strategies for healthy diets and sustainability : new challenges in nutrition and public health

9780128172261




industry

Academy funds three leading engineers to tackle major industry challenges




industry

A Tour of Beauty Industry Pioneer Madam C.J. Walker’s Indianapolis

The hair-care magnate at the center of the new Netflix series 'Self Made' left her imprint on the city where she launched her career




industry

Booze industry brouhaha over Yukon warning labels backfired, study suggests

Alcohol industry groups were successful in getting the Yukon government to pull labels warning of the connection between alcohol and cancer from liquor store shelves, but the strategy may have ultimately backfired, researchers suggest.



  • News/Canada/North

industry

Exploring local community is 'first key' to saving hospitality industry, says Thunder Bay Tourism manager

The tourism and hospitality industries, which play a large role in the economy of almost every community in northwestern Ontario, are taking a beating during the COVID-19 pandemic. Now, the manager of Tourism Thunder Bay is figuring out how “dire” the situation is, and what could be done to help.



  • News/Canada/Thunder Bay

industry

How COVID-19 is impacting the book publishing industry

The head of a Sudbury-based book publishing company says she’s shifting launches online due to COVID-19.



  • News/Canada/Sudbury

industry

Local hero: how Gerry Cinnamon took on the music industry and won

It’ll be five years next month since Gerry Cinnamon released his debut single Kampfire Vampire on Glasgow-based micro-label First Run Records, a half decade in which the Castlemilk-born singer-songwriter has gone from jobbing gig jockey on the city’s DIY scene to a bona fide musical phenomenon with combined Spotify plays of well over 100 million.




industry

Pediatric Professional Medical Associations and Industry Guideline Compliance

There has been increasing legislative and regulatory focus on the relationships of pediatric prescribers and industry. Pediatric professional medical association (PMA) and industry relationships, however, are relatively unstudied and lack a systematic method of assessment.

This cross-sectional study used a new quantitative scale, the industry relationship index, to systematically rate 9 pediatric PMAs with respect to best practice guidelines on interactions with the biomedical industry, revealing significant variation in PMA practices. (Read the full article)




industry

SB 09-76 Scotch Whisky Industry briefing

28 October 2009Restructuring announcements by large companies within the Scotch Whisky industry over the summer of 2009 have brought the industry under the public and political spotlight.




industry

SB 14-28 Scottish North Sea oil and gas industry

24 April 2014This briefing is produced to assist the Economy, Energy and Tourism Committee in their inquiry into Scotland’s Economic Future Post-2014.