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This Saturday is the 13th annual Dirty Dancing Festival in Lake Lure, North Carolina. Festival goers can enter a “lake lift competition” where they attempt the signature scene from the movie.
In today’s email:
🎧 On the go? Listen to today’s 10-minute podcast to hear Zack, Jacob, and Juliet — live from INBOUND 2022 — discuss Apple’s ad push, a cursed mall, and the afterlife of hotel soap.
With locations seemingly on every corner, CVS is often the most convenient stop for toilet paper, cough drops, or late night Sour Patch Kids.
But as the company evolves, its focus is shifting beyond the storefront, per The New York Times.
Earlier this week…
… CVS announced plans to acquire Signify Health for ~$8B.
Signify runs a network of 10k doctors offering in-home care to 2.5m patients. It’s the latest in a series of moves by CVS to expand its health care service offerings, including:
The moves helped CVS reach massive scale, staffing ~40k physicians, pharmacists, and nurses across its pharmacies and MinuteClinic locations.
Health care services…
… are becoming a popular space, luring some of the biggest players in tech:
But CVS has a head start. Across its ~10k locations, CVS already serves 4.5m patients per day. With Signify Health, CVS will be able to serve patients at home as well.
It’s not too far off to think that in the future, a visit to the doctor’s office could mean a visit to the nearest CVS.
Apple announced several product upgrades, including the iPhone 14, the Apple Watch Series 8, and a new Apple Watch Ultra model designed for outdoor athletes.
Elon Musk’s attempt to delay his Twitter trial was denied by a judge, who also said Musk can include claims from Twitter whistleblower Peiter Zatko during the case.
Stock futures saw a slight decline following reports that the Fed will likely approve another three-quarter point hike this month.
Netflix is imposing more financial discipline amid slowing growth, including cutting costs in cloud computing and corporate swag, and closing its Salt Lake City office.
Instagram is reportedly scaling back its commerce features to focus only on those that directly drive advertising.
Theranos founder Elizabeth Holmes requested a new trial after a witness visited her to express regret over his testimony.
Twitter announced its “edit” button will allow users to edit tweets up to five times in 30 minutes, and will pilot in New Zealand.
Valuation experts: Whether your company is going public, looking for a buyer, or raising investment, getting a handle on how valuations are done will enable you to get the best deal.
Singdhi Sokpo
A decade ago, it would have been hard to envision a world where Apple and Facebook were direct competitors.
But a combination of moves by both firms have pinned them against each other in two business units: ads and AR/VR headsets.
A brief timeline:
Recent job listings suggest Apple could pose a serious threat to Meta on both fronts. And after recently surpassing Android for US smartphone market share, Apple is likely the last company Meta wants to compete against.
When the economy gets shaky, corporations usually take the shortsighted way out, cutting employees to save money.
Except, not right now. Despite recession warnings, economists say many businesses are focused on the opposite of layoffs: labor hoarding.
… is when companies hang on to employees during a tough economic period because they believe they’ll save money in the long run, according to Inc.
Labor hoarding helps them avoid those costs. After a quick rebound from the March 2020 recession left companies shorthanded, many are likely reluctant to risk a repeat.
Maybe. That’s the case against labor hoarding.
Some economists believe companies still don’t have enough employees, which is why they’re not cutting many jobs.
Either way, there’s good news we can all celebrate: Layoffs have been minimal this summer, hovering at a rate of 0.9% of total employment.
That’s roughly the same rate as this time last year and lower than every month of 2019.
🎤 On this day: In 1986, “The Oprah Winfrey Show” had its national debut, ultimately becoming history’s highest-rated talk show.
🎼 Haha: Human Record Player lets you listen to a Weezer song on your phone, but only if you spin it yourself.
👨‍🌾 That’s interesting: The 75-year-old Ohio farmer behind a famous meme.
📷 Cure boredom: Visit Dear Photograph, where readers submit photos from the past juxtaposed against the present.
🐴 Aww: And now, the boundless joys of the seesaw.
Some damn long receipts. (Source: imgflip.com)
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In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.
Data shows where markets are headed.
And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

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