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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

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Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
HealthBrainstorm Health

Brainstorm Health Daily: August 9, 2017

By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
August 9, 2017, 11:53 AM ET

Good morning, readers! Sy at your service.

What if one of the hottest social media apps in the world could double as a depression detector—and even best flesh-and-blood doctors at the task?

A new study by Harvard University and University of Vermont researchers suggests that just may be the case, my colleague Aric Jenkins reports. The study authors created an algorithm which “looked at roughly 44,000 Instagram photos posted by 166 study participants — 71 of whom were diagnosed with depression in the past. Analyzing factors such as hue, the use of filters and the presence of people, researchers were able to determine what they call ‘depression markers,'” as Aric explains.

Those markers may be attributes such the hue of a picture (darker colors may be more associated with depressed users). And, according to the research team, their method was able to accurately suss out depression in 70% of study participants. A regular doctor’s success rate? Just 42%.

Read on for the day’s news.

Sy Mukherjee
@the_sy_guy
sayak.mukherjee@fortune.com

DIGITAL HEALTH

The first genetically modified salmon has been sold...in Canada. U.S.-based AquaBounty Technologies has finally completed its 25-year quest to sell genetically modified salmon. In fact, 4.5 tonnes of it have gone out to Canadian customers. These fish, which grow more rapidly than conventional salmon and thus get to market much faster, have been a source of heavy regulatory and consumer debate. While they've been cleared by the Food and Drug Administration (FDA) in the U.S., they still aren't available on the market thanks to recent laws forbidding its entry barring a clear label indicating the fish are genetically modified. (Nature)

INDICATIONS

Roivant raises a staggering $1.1 billion in financing round. Roivant Sciences, helmed by 32-year-old Vivek Ramaswamy, has raised a monster $1.1 billion in private financing from the SoftBank Vision Fund and other investors. As I've previously reported, Roivant and its federation of biopharma companies focused on developing drugs in specific disease spaces is attempting a very new form of pharmaceutical R&D. Essentially, the company takes existing treatments that fell by the wayside at other companies for one reason or another and then attempts to get them a regulatory green light. The first major data from some of Roivant's member companies are due out soon.

Mylan reports challenges in second quarter earnings. Generic drug giant Mylan is cutting its financial outlook as it continues to face pressure from falling generic drug prices (a fate that similarly struck rival Teva Pharmaceuticals). Mylan is also facing increased competition to its flagship EpiPen, the subject of one of last year's biggest price hike scandals. The firm now expects 2018 profits of $5.40 per share, down from the $6 per share it originally expected.

THE BIG PICTURE

Beyond Google: Women in medicine face the same challenges as women in tech. The anti-diversity memo read round the world—a controversial screed penned by a now-fired Google software engineer—has elicited plenty of controversy and debates around gender politics and the soundness of evolutionary psychology. But these sorts of corporate barriers to women's success are also prevalent in other STEM fields like medicine, according to research by athenahealth arm athenaInsights. The organization found that women doctors tend to be less engaged in their work (i.e., willing to go beyond what's expected of them or to recommend the job to others) thanks to a combination of gender stereotypes, a lack of female mentors, and a dearth of leadership opportunities. (Fortune)

REQUIRED READING

15 Ways Food Companies Try to Convince You Their Packaged Products Are 'Natural', by Laura Entis

Amazon Joins Google in Cloud Confab, by Barb Darrow

Gold Prices Are Spiking Because People Are Freaked Out About Nuclear War, by Bloomberg

Read Youtube CEO Susan Wojcicki's Response to the Controversial Google Anti-Diversity Memo, by Susan Wojcicki

Produced by Sy Mukherjee
@the_sy_guy
sayak.mukherjee@fortune.com

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