Bezos, Buffett and Dimon name their health care effort

(CNN)It took more than a year, but the venture created by three industry titans to lower health care costs finally has a name. The venture’s name reflects its goal to help individuals and families get the care they need and to work with doctors and others to improve the overall system, according to its website. Its focus is the 1.2 million employees and dependents of Amazon (AMZN), Berkshire Hathaway (BRKA) and JPMorgan Chase (JPM), though it says it will share its knowledge with others. “The good news is the best results are not the most complicated or expensive,” said Gawande, who has been meeting with the companies’ workers to learn more about their health care experiences. “The right care in …

Amazon to reportedly open dozens of grocery stores across the US

Retail giant plans to open its first store in Los Angeles as early as the end of the year, according to a Wall Street Journal report Amazon plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company, which bought the upscale Whole Foods chain for $13.7bn in 2017, is now in talks to open grocery stores in shopping centers in San Francisco, Seattle, Chicago, Washington DC and Philadelphia, the Journal report said. The online retail giant plans to open its first store in Los Angeles as early as the end of the year, and has …

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