Add the Internet of Things to ObamaCare, and you get big changes in the U.S. health care industry. So says Goldman Sachs in a report called “The Digital Revolution Comes to U.S. Healthcare.” IoT refers to wireless technology that connects industrial, medical, automotive and consumer devices to the Web. Apple (AAPL) recently introduced monitoring features for its HealthKit app. Apple Watch is also expected to provide more fitness and health
The launch of Apple Music on Tuesday will speed the shift in consumer spending to music subscriptions at the expense of music ownership, Futuresource Consulting said Monday. Futuresource predicts subscriptions will reach at least one-third of total global consumer music spending by 2016. Last year, global consumer spending on music streaming subscriptions reached $3 billion, or 16% of total music market spending, Futuresource analyst David Sidebottom said in a statement. Apple’s (AAPL) new streaming music service “could potentially hit tens of millions of users almost instantly, and many users will likely be drawn by the three-month free trial period,” Sidebottom said. Apple Music will compete with Spotify, Radio, Google ‘s (GOOGL) Google Play Music and others. Spotify is the market leader with more than 20 million paying subscribers and more than 75 million active users. For $9.99 a month, Apple Music users will be able to stream over 30 million…
Big-cap biotech Celgene (CELG) said late Monday that it’s investing more than $1 billion in a partnership with startup Juno Therapeutics (JUNO), sending the latter’s stock soaring 35% in after-hours trading. Celgene will buy 9.1 million Juno shares for $1 billion and has the option to buy up to 30% of Juno’s total stock over the course of the 10-year collaboration. It will also make an upfront payment of $150 million in cash. Celgene will be