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Book recommendations from Fortune’s 40 under 40 in health

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An eye-opening examination of the U.S. health care system that begs the reader to consider a new perspective; a guide to building effective business relationships while staying true to yourself; and one of the most lauded memoirs in business.

Here is a selection of book recommendations from this year’s 40 Under 40 in health.

The Moral Corporation by P. Roy Vagelos and Louis Galambos

I frequently refer back to The Moral Corporation, [cowritten] by P. Roy Vagelos, MD, who is not only Regeneron’s chairman but also a fellow Greek-American and a role model of mine. I connect strongly with his concept of making medicine that is both useful for public health and conducive to building a successful company. His commitment to societal good helps shape my … Read the rest

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AstraZeneca Vaccine Tests Face Delay After Patient Gets Ill

(Bloomberg) — AstraZeneca Plc stopped giving shots of its experimental coronavirus vaccine after a person participating in one of the company’s studies got sick, a potential adverse reaction that could delay or derail efforts to speed an immunization against Covid-19.The pause stemmed from a standard review of the company’s vaccine trials after one person developed an unexplained illness, AstraZeneca said in a statement. The move was intended to give researchers time to examine safety data while maintaining the integrity of the trials, the company said. The drugmaker’s shares fell as much as 3% in London Wednesday morning. Later, they pared the decline to 1.1% as investors took it in stride as a fairly common event during testing.The vaccine, which AstraZeneca is developing with researchers from the University of Oxford, has been viewed as one of the leading candidates. The partners are aiming to enroll as many as 50,000 participants for … Read the rest

Business

Stanford ECorner

The definition says, Entrepreneurs assemble and allocate resources including innovations, finance and business acumen in an effort to transform innovations into economic goods. In the process of understanding what is entrepreneurship, let’s look at why entrepreneurs are important in society. Upon completion of this International Business program, you may be eligible for the Canadian International Freight Forwarding Association (CIFFA) certificate, in accordance with the process prescribed by CIFFA. Smaller companies may wish to use the services of a teamwork-building vendor or of a consultant who specializes in this type of training. It’s also common for services to have an option to connect to third-party online storage services , such as Box, Dropbox, Google Drive, or OneDrive, so that team members can link or upload files to the project management system from the repositories they already use. The incentive for an agent marketing a new company to this client makes no … Read the rest

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Book recommendations from Fortune’s 40 under 40 in finance

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An examination of the character traits and challenges faced by four U.S. Presidents from one of America’s most prominent historians; a Wall Street Journal bestseller about the mysteries of group behavior; and one of the most influential books about the power of motivation.

Here is a selection of book recommendations from this year’s 40 Under 40 in finance.

Serve to Win by Novak Djokovic

The discipline, drive, and sacrifices required to win—and to consistently stay at the top—resonated with me in Novak Djokovic’s Serve to Win. I was struck by how analogous dedication and drive in the athletic world is to the business world. I think that people who mightily succeed in business are “corporate athletes.” Persistence, mental strength, and the will to never give up are … Read the rest

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Jump in Hottest Hong Kong IPO Makes Founder China’s Second Richest

(Bloomberg) — It was the hottest IPO in town. Now Nongfu Spring Co.’s stock surge has turned its founder into China’s third-richest person.Shares of the bottled-water maker jumped as much as 85% and closed up 54% in Hong Kong. The debut was the city’s fourth best on record among firms that raised more than $1 billion.The surge has pushed the net worth of Zhong Shanshan, who owns 84% of the company he founded in 1996, to $51 billion, according to the Bloomberg Billionaires Index. He’s now the wealthiest person in China after Alibaba Group Holding Ltd.’s Jack Ma and Tencent Holdings Ltd.’s Pony Ma.The initial public offering was a smash hit in Hong Kong, so much so that the retail portion was oversubscribed by more than 1,100 times and Nongfu increased the number of shares allocated to the public. That was after it priced at the top end of a … Read the rest

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A Chinese vaccine maker is injecting employees and their families with its COVID-19 candidate

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Dr. Yin Weidong, chief executive of the Chinese vaccine maker Sinovac Biotech, told Reuters on Sunday that 90% of Sinovac’s employees—as many as 3,000 workers—and their families have been injected with the company’s leading COVID-19 vaccine candidate even though it hasn’t completed late-stage trials.

Sinovac and other Chinese firms are currently in the pole position in the global race for a vaccine, contributing to five of the nine vaccine efforts that have reached late-stage phase three trials. Sinovac’s announcement demonstrates how Chinese firms are pushing the envelope in developing a potential vaccine, engaging in unorthodox and potentially troubling methods to reach the finish line first.

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Yin showcased his company’s vaccine … Read the rest

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European Stocks Advance While Nasdaq Futures Slide: Markets Wrap

(Bloomberg) — European stocks climbed as analysts speculated the market could be relatively resilient as Asian and U.S. markets start pulling back. The pound weakened on concern the U.K. is inching closer to a no-deal Brexit.The Europe Stoxx 600 opened higher on Monday with broad gains across industry groups. The dollar index strengthened, while oil slumped on a price reduction by Saudi Arabia. Treasury yields were little changed.Stock futures pointed to further losses for American shares when markets re-open on Tuesday after the Labor Day holiday. Nasdaq futures slid 1.1% and contracts on the S&P 500 were down 1.3%. Valuation is emerging as a concern for U.S. investors and there’s also nervousness about extreme positions in technology stocks. Global equities fell the most since June last week as doubt crept into investors minds about whether equities have risen too quickly and valuations are reaching extremes. U.S. technology shares, which have … Read the rest

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The CEO striving to make vintage, secondhand clothing as popular as fast fashion

This is an installment in a special series, Startup Year One, interviewing startup founders about the major lessons they learned in the immediate aftermath of their businesses’ first year of operation.

A Harvard College and Harvard Business School graduate, Shilla Kim-Parker launched her career as an investment banking analyst at J.P. Morgan. Kim-Parker went on to lead the strategy and business development group at Lincoln Center for the Performing Arts, where she helped launch new business verticals including fashion, publishing, visual arts, food, and consulting.

Driven by environmental concerns, Kim-Parker saw an opportunity to create a space that would aid in the reduction of pollution in the fashion landscape. Passionate with a desire to help local small businesses—which are majority-owned by women—survive in a fiercely competitive, digital-first world by reaching new consumers worldwide, Parker cofounded retail startup Thrilling in 2018.

Thrilling scours vintage boutiques and secondhand stores nationwide, curating … Read the rest

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Saudis Reduce Oil Pricing in Sign Demand Recovery Struggling

(Bloomberg) — Saudi Arabia cut pricing for oil sales in October, a sign the world’s biggest exporter sees fuel demand wavering amid more coronavirus flare-ups around the globe.The kingdom’s state producer, Saudi Aramco, reduced its key Arab Light grade of crude by a larger-than-expected amount for shipments to Asia, its main market. It also lowered pricing for U.S. buyers.Aramco cut Arab Light to Asia to a discount against the benchmark oil price used by the Saudis for the first time since June. It’s the second consecutive month of reductions for barrels to the region and the first month in six that U.S. refiners will see a cut. Aramco will trim pricing, too, for lighter barrels to northwest Europe and the Mediterranean region.Oil demand has plunged this year after the pandemic forced governments to lock down economies, airlines to cancel fights and workers to stay at home. Saudi Arabia, Russia and … Read the rest

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There’s more than one way to ditch white (wine) after Labor Day

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Labor Day, on the first Monday in September, traditionally marks the end of summer for Americans and brings with it the fashion convention of no longer wearing white.

As the temperature starts to go down, there is a similar convention with wine. Consumers start moving away from white wines and begin gravitating toward the reds to complement the cooler temperatures and seasonal foods.

But that isn’t the only way to move away from white wine. Rosé and sparkling wines, in particular, have become generally accepted as year-round libations rather than just summertime, holiday, or celebratory beverages.

“Rosé is definitely enjoyable for more than just the summer months,” says Nicole McAllister, sommelier at the double Michelin-starred restaurant Jean-Georges in New York City. “In the fall, I’d … Read the rest