Posts by Bernice Napach
Martine Rothblatt is an idealist and the CEO of a very successful biotech firm focused on treatments for so-called "orphan diseases" - those illnesses that affect too few to be of interest to big pharma.
When her seven-year-old daughter developed pulmonary arterial hypertension (PAH), a life-threatening disease that restricts blood flow between the heart and lungs, Rothblatt found that the best treatment was sitting on a shelf at GlaxoSmithKline (GSK). So she bought the patent, promising Glaxo 10% of revenues and founded United Therapeutics(UTHR), which marketed the drug, known as Remodulin, as well as two other PAH mediciations. And late last year the FDA approved a pill form of the drug called Orenitram. (Remodulin is injected).
Related: 4 picks in biotech
Rothblatt’s daughter, who suffers from PAH, is now 30 years old, and United Therapeutics has a market value topping $6 billion. Its shares have gained more than 2,000% since the company’s IPO in 1999.
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Apple’s (AAPL) iPhone 6 Plus is not even a week old but it’s probably the most popular star on YouTube this week and the most talked about topic on tech blogs. Even my 10-year-old niece knows about the bendable 6.22-inch long and 3.06-inch wide phone and she doesn’t own an iPhone.
A viral video on Youtube’s Unbox Therapychannel shows host Lewis Hilsenteger testing the rumors that the phone can bend when stored in front or back pants pockets. He tries to bend his iPhone 6 Plus with his bare hands, and succeeds.
Related: How safe is Apple Pay?
“It’s embarrassing,” says Yahoo Finance’s Henry Blodget. “Apple is insane about making phones light and thin. Maybe they went a little too far here.”
The iPhone 6 Plus is very thin and light — at just 0.28 of an inch and 6.07 ounces -- compared to the Samsung Galaxy Note 4 (0.32 inch and 6.21 ounces).
The Centers for Disease Control this week said that if the Ebola virus continues to spread at its current rate, as many 1.4 million people could be infected with the virus by late January. The present count is just over 5,800 cases in West Africa with more than 2,800 deaths, but the number could be much higher since many cases are not reported, according to healthcare officials.
“The doubling rate is every three weeks,” says Dr. Jim Yong Kim, an infectious disease specialist who now heads the World Bank. He told Yahoo Finance in an exclusive interview that a continued slow response to Ebola could be catastrophic. “We just cannot let that happen.”
What is needed immediately, says Kim, is a “response on the ground” including the delivery of hospital beds in cities and IV fluids and electrolytes in rural areas. “If we do that, we’ll get this under control.”
Five months. That's how long it took Home Depot (HD) to realize -- or at least acknowledge -- that 56 million credit cards used at the retailer may have been compromised in a breach of its computer network.
"This is a huge bungle by Home Depot," says Yahoo Finance's Jeff Macke.
And it's the largest known malware attack at any retailer -- larger than the 40 million cards affected by Target's breach during the holiday season. Hackers have also attacked the computer networks of Neiman Marcus, which took months before reporting the breach, Michael's(MIK), UPS (UPS) and Goodwill. At this point it's not known exactly how many credit cards used at Home Depot were actually hit with fraudulent charges, only how many have been compromised.
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Sometimes the simplest idea is the best idea. Take mentoring, for example. It's a proven strategy for senior employees to help junior employees succeed, and it's a key component of the companies included in Working Mother magazine's list of the100 best companies for working mothers.
Ninety-eight of Working Mother Magazine's top 100 companies have a formal mentoring program, and just over 60 of them take it a step further, offering a sponsorship program. Jennifer Owens, editorial director of Working Mother Media, explains in the video above how that works: "I, as a higher executive take you as a lower executive and say 'I am personally responsible for making sure you are considered for new jobs.' That's sponsorship."
The genius of the Internet is its ability to connect people and businesses from almost anywhere in the world so long as they can access a wired or wireless network. But despite this enormous reach and connectivity, composer and former conductor of the Minnesota Philharmonic Orchestra James Touchi-Peters, 48, says he found nothing online "anywhere close to anything that I liked or was looking for."
Touchi-Peters was looking for people "with a certain type of experience." He claims that by the time he reached middle age he knew that he wasn't like "the average person." His daily life experiences were different than most other people's. "I knew there were other people like me because I met them all the time, but there wasn't anyplace online to talk to them." His research found that one out of every 200 people in the world, or 0.5%, have assets over $1 million. In the U.S., the figure was one out of 50, or 2%.
But why would people drop $9,000 to join Netropolitan.com? Why not just join a country club to network with the wealthy?
Oil priceshave fallen 15% over the past year, and they could slide further before stabilizing. That's good news for U.S. consumers who are paying an average of $3.41 for a gallon of regular gasoline -- the lowest price in six months, according to AAA.
"There's some downside still on prices, but I think we're near the bottom here," says Andrew Lebow, a senior VP for energy derivatives at Jefferies Bache. "Maybe another dollar or two on WTI and maybe another dollar or two on Brent.... We’re near the lows."
Sweet West Texas Intermediate crude is now trading just below $92 a barrel, down from $108 a year ago. Brent crude from the North Sea is trading at $97 a barrel -- near a two-year low, and at the narrowest spread to WTI since July.
Season four of "The Chew" premiered Monday following a successful third seasonwhere it posted the biggest year-over-year gain in viewers of any daytime TV show. Its ratings jumped 33% from 0.9 to 1.2, matching those of the "The View," which were unchanged.
Much of the popularity of The Chew is due to its celebrity chef hosts: Mario Batali, Michael Symon and Carla Hall, who spoke to Yahoo Finance about her transformation from accountant to top chef.
"I took the CPA test," says Hall. "As soon as I passed I was looking to get out...My biggest fear was being 40 and hating my job."
Related: Why we hate to work so much?
But she did, and today it's clear that Hall loves her job.
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Starting next month consumers who buy Apple's (AAPL) latest iPhone--the iPhone 6 or 6 plus--will be able to use their phones instead of physical credit or debit cards for purchases. All they'll have to do is install Apple Pay on their phone, which stores their credit card and debit card information.
American Express (AXP), Visa (V), MasterCard (MA) and six of the biggest U.S. banks have signed up to support the new payment system along with 220,000 retail outlets, including McDonald's (MCD), Bloomingdales and Macy's(M).
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Income inequality in America has become so severe and polarizing that 2015 could look a lot like 1935, according to University of Toronto business professor Roger Martin.
Almost 80 years ago "capital was beating up labor, so we got the NLRB, which changed the balance of power between capital and labor," Martin tells Yahoo Finance, referring to the National Labor Relations Board, which protects workers' right to unionize. If the current income imbalance in America doesn't change there will be another "intervention that will change the power dynamics," Martin writes in the October issue of the Harvard Business Review.
But doesn't talent deserve to be rewarded? Yes it does, says Martin, but the question is by how much?
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