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Trade War Heats Up, Walmart Ponders A Health Care Acquisition

  • TRADE WAR: The trade war between the United States and China heated up this week, with both countries floating potential tariffs on products like soybeans and aluminum. CNBC explains how we'll know if it's an actual trade war, not just a symbolic beef. 
  • EMPIRE FALLING: Bill Ackman's hedge fund, Pershing Square, is bleeding money, according to the Wall Street Journal. Ackman is the notorious investor who shorted Herbalife and Chipotle, among other companies.  
  • MORE EXPERIENCE, MORE PROBLEMS: Apparently too much experience is a bad thing, at least for women in tech, according to Recode. As women gain experience in tech, the pay gap between men and women in the field widens. 
  • THAT JOKE ISN'T FUNNY ANYMORE: Elon Musk made a bankruptcy joke about his electric car company, Tesla, this week, and investors freaked out, theWall Street Journal reports. 
  • SECONDHAND SHOPPING: Online thrift stores are succeeding, but not at the expense of their brick-and-mortar peers like Beacon's Closet and Buffalo Exchange, Racked reports. 
  • MERCER'S AT IT AGAIN: Robert Mercer, the billionaire who formerly headed up hedge fund Renaissance Technologies, funded a secret group that worked with Facebook and Google to serve anti-Muslim ads to swing state voters,OpenSecrets reports. 
  • BIG DEAL: Walmart is considering an acquisition of healthcare giant Humana, which could have major implications for both the retail and insurance industries,Markets Insider reports.

- Alicia McElhaney / She Spends Issue #48

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Theranos Charged with Massive Fraud, Toys 'R' Us Plans to Close Its Doors

  • BIOTECH BOMBSHELL: Theranos executives Elizabeth Holmes and Ramesh “Sunny” Balwani have been charged with "massive fraud" by the SEC,Institutional Investor reports. This is after the two claimed for years that their purportedly revolutionary blood testing device actually worked. Spoiler alert: it didn't.
  • THE END: Toys 'R' Us will soon close its doors, but Amazon isn't to blame, CNNreports. Instead, blame the private equity firms that saddled the toy retailer with debt through a leveraged buyout
  • THE TIPPING EQUATION: The New York Times released an investigative report this week on the ways servers have to endure sexual harassment to ensure they are well-tipped. 
  • THE MEDICAL WAGE GAP: Female doctors are paid far less than male doctors, according to Bloomberg. Related: The wage gap starts when we're teens, according to the Guardian
  • 21 SAVAGE ON MONEY: Rapper 21 Savage has announced that he's launching a financial literacy program for kids, according to All Black Media
  • TESLA EXODUS: Another Tesla executive has left the company, Markets Insiderreports. This is the second finance executive to leave the tech company in the past week. 
  • SNAP BETTER HAVE RIH'S MONEY: Snapchat's stock fell nearly 5% on  Thursday after the app ran a problematic af ad about Rihanna's abuse by Chris Brown, Reuters reports. This isn't the first time the app's stock has fallen on celebrity input. In February, Kylie Jenner tweeted about Snapchat's updates and the app's stock lost $1.3 billion in value, according to Time
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