Who's profiting most from the coronavirus outbreak?

Stock markets may be plummeting, but that doesn't mean the spread of COVID-19 is hurting everyone's bottom line.

Photo by Anthony Kwan/Getty Images
  • The novel coronavirus has so far infected more than 110,000 people and killed nearly 4,000.
  • "Stay-at-home" companies — like Netflix and Amazon — seem to be uniquely poised to weather the outbreak.
  • Media companies also appear to be profiting from surges in coronavirus-related traffic.
Keep reading Show less

Cancer drugs are the most profitable for Big Pharma

In 2018, cancer drugs earned the pharmaceutical industry $123.8 billion. Soon, they'll be worth billions more.

Getty Images
  • A recent report from Evaluate shows oncological therapies were the most profitable in 2018.
  • The report projects cancer drug sales to nearly double by 2024, pocketing a tidy $236.6 billion in profit.
  • These projections come at a time when 42 percent of cancer patients lose their life savings to afford treatment.
Keep reading Show less

Business revolution: What is the membership economy?

The membership economy is upending how businesses are structured and how they deliver value to customers.

  • "I think that the membership economy is having as big an impact on business as the industrial revolution," says Silicon Valley consultant Robbie Kellman Baxter.
  • Memberships or subscriptions fundamentally change the relationship between the consumer and the brand by delivering what Baxter calls a "forever promise." The famous example of Blockbuster vs. Netflix illustrates this perfectly.
  • Subscriptions are not a new idea. Charles Dickens released his books to subscribers one chapter at a time, as he wrote them. What's different today is technology and the speed at which even a one-person business can reach a huge number of customers.
Keep reading Show less

Dehumanization has been trending for decades. Here’s how.

There is greater social distance between Americans than ever before.

  • There has been a trend toward dehumanization the past four or five decades. This dehumanization has made it easier for us to see others more as commodities than as co-citizens.
  • This dehumanization manifests in four different pillars: political polarization, income inequality, automation, and marketization.
  • Whether through political splits, or income differences, there is more social distance between us than ever before. This distance makes it easier for us, out of ignorance, to treat others in ways that are inhumane.
Keep reading Show less

These are the countries with the highest inflation

The global inflation rate is currently around 3.6%, but is much higher in these countries

YURI CORTEZ/AFP/Getty Images

The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping.

Keep reading Show less