Afternoon Coffee: A New Company Aims to Disrupt Healthcare, Fujifilm to Take Over Xerox

The healthcare industry shuddered Tuesday following the announcement that Amazon, Berkshire Hathaway and JPMorgan Chase plan to form a new company that will attempt to lower healthcare costs for their hundreds of thousands of employees across the U.S., the Wall Street Journal reports. The new company will “focus on technological solutions that can provide simplified and transparent health care for the three companies’ U.S. employees at a lower cost.”

Fujifilm and Xerox

Fujifilm Holdings will acquire Xerox Corp. in a $6.1 billion deal, combining the U.S. company from an existing joint venture, Reuters reports. The merger aims to gain scale in their respective industries and cut costs amid declining demand for office printing.

Steel Imports

The recently ended year was a big one for steel — just not U.S. steel. As the Northwest Indiana Times writes, U.S. steel imports, which were already at historical highs, rose by 15% in 2017, disappointing industry leaders who expected the Trump administration would crack down on the imbalance of foreign-made steel.

Consumer Confidence  

And finally, an economic update: Consumer optimism continued on a streak in January, according to CNBC, with the Conference Board’s index rising to 125.4, the highest mark since the index hit 132.6 in November 2000.

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