How Batteries Went From Primitive Power to Global Domination
The technology that’s been in our pocket for decades has moved into cars—and that’s just the start.It’s worked its way up from primitive cellular phones to cameras and laptops before entering everyone’s pockets inside smartphones. But only now that the electric car has arrived is this energy storage system truly taking off. The latest proof: The electric-vehicle boom, which still in its early days, has already replaced gadgets as the world’s biggest source of lithium-ion battery demand.
© Bloomberg A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Photographer: Luke Sharrett/Bloomberg It’s the end of an era for General Electric. After more than a century on the Dow Jones Industrial Average, the industrial conglomerate will be replaced on the index by pharmacy chain Walgreens Boots Alliance when trading begins on June 26.
David Blitzer, managing director and chairman of the S&P Dow Jones Indices’ index committee, said in a statement:
John Travolta's 'Gotti' Whacked at Box Office With $1.6 Million Debut
After an extremely bumpy road into theaters, the John Travolta crime biopic "Gotti" has gotten kneecapped at the box office, earning just $1.67 million from 503 screens. While almost all of Travolta's films in the last 30 years have been either in extremely limited release or with screen counts of 2,500 or more, this counts as the worst opening for the actor since the 1991 film "Shout," which opened to $1.61 million on 968 screens and was considered one of the star's biggest pre-"Pulp Fiction" flops. But "Gotti" hasn't been able to find similar success this weekend, posting a per-screen average of just $3,320. Analysts told TheWrap prior to this weekend that "Gotti" needed to make around $3 million — or a $6,000 PSA — to be considered a successful launch. Also read: Lionsgate Takes John Travolta's 'Gotti' Off Schedule, Sells Back to Production Company The Vertical Entertainment and MoviePass Ventures release, starring Travolta as the late Mafia boss John Gotti, had trouble long before is snagged a rare zero percent Rotten Tomatoes score. With 28 executive producers credited, "Gotti" bounced in and out of the hands of three directors before "Entourage" actor Kevin Connolly seized the project.
“General Electric was an original member of the DJIA in 1896 and a member continuously since 1907. Since then the US economy has changed: consumer, finance, healthcare and technology companies are more prominent today and the relative importance of industrial companies is less. Walgreens is a national retail drugstore chain offering prescription and non-prescription drugs, related health services and general goods. With its addition, the DJIA will be more representative of the consumer and healthcare sectors of the US economy. Today’s change to the DJIA will make the index a better measure of the economy and the stock market.”
Despite the symbolic shift, the move will hardly come as a shock to GE, which has seen its position as one of the giants of corporate America decline sharply in recent years.
GE shares dropped about 1.5 per cent in after-hours trading on Tuesday following the announcement. Walgreens got a lift, rising 4.4 per cent.
Amazon takes big jump into health care with PillPack purchase .
Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health-care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable threat to pharmacy chains including Walgreens Boots Alliance Inc., which earlier Wednesday reported tepid U.S. same-store sales, and rival CVS Health Corp. Walgreens shares dropped roughly 10 percent, while CVS shed nearly 9 percent in premarket trading in New York.Terms of the deal weren’t disclosed. The transaction is expected to close in the second half of 2018, according to a statement from the companies.