Fortune Staff

This year’s Fortune 500 marks the 68th running of the list.

Fortune 500

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The new Fox Corporation, formed in March 2019, consists of the television news and sports properties that were not acquired by the Walt Disney Corporation when it bought the movie business portions of the former Twenty-First Century Fox.

Fox Corporation (FOXA) Company Profile, News, Rankings | Fortune

legacy

Shared e-bike companies like Citi Bike aim to improve their goals towards sustainability.

How e-bikes are challenging green transportation 

Environment

So our focus on sustainability starts with the product itself. And so we're really focused on getting and putting the best products on the street. And so I think what a lot of folks are advocating for and what they see as the future is that we go from a two car household to a one car household with more trips taken on public transportation by foot, by bike, by electric bike, by cargo bike and by all the other future modes that will be smaller and more efficient. I'm Laura Fox, I'm the general manager of city bike for lift. Citi bike is a part of lift and it's a core part of how lift provides the world's best transportation services in new york city. We've been here for about 10 years already. Uh, D C boston over 10 years. The transportation is the largest sector for emissions that cause climate change and private car ownership is the largest portion of those emissions, so we need to get people to drive less. I really think that e bikes are car killers in the best of ways. Um, there's been a number of studies that have shown that when people buy an e bike themselves that they reduce their driving habits by about 70%. And a lot of the analysis in this space shows that if people just took about 15% fewer car trips, we could reduce overall transportation emissions by at least 12%. Electric micro mobility is the term that's used to describe 2 to 3 wheeled vehicles that are powered by electric battery and typically under a certain weight e bikes, electric scooters. Um, some folks would even call certain lighter weight electric mopeds, electric micro mobility, even though electric bikes have been around in china since the eighties, it really just started taking off in the US about five years ago and really picked up even more during Covid. And during the lockdown oftentimes you can imagine I'm the bike lady in the room who is getting people telling me, oh, that's nice. But no one's going to ride bikes. And I love saying, you know, last 3, 28 million rising 1.3 million unique riders at a time when not many new Yorkers were riding. We really have to optimize the operations themselves to ensure that we're being even as sustainable as we possibly can within the core operations first is one of the core problems of bike share is how do you match supply and demand? Um, and the term that we use to, you know, try to do that is called rebalancing. So bringing bikes from one location and taking them to another, um, or creating more capacity in one location itself. And so bike angels, which is an innovation that we've had in the system for about six years now is a core way that we reduce the vehicle trips required to take bikes from one place to another. My name is Rachel met and I think I started with the bike angels program soon after I became a member last fall, it's just a Gamification of the program where it will show you on the app, all of the docks and it will give a point value to each of the docks. So now I've been a member for over a year, but my membership has been extended by over six months, so I did not just have to pay my annual fee. Again, I don't have to do that for another six months, but I'll continue getting points and that will probably be pushed out and we see that for all the rebalancing work that we need to do across the system to meet supply and man by angels are a third of all of that work, if that reduces the number of lift trucks that have to move bikes around, that's fewer cars on the streets. And I love that as a cyclist and pedestrian to make our streets safer for everyone. A second piece within operations on that sustainability metric is how do we repair as many bikes in the field as we can to reduce the number of bikes that have to come back to depose. And then third is we think about the longevity of the hardware itself. The large majority of the emissions over the life cycle of the bike would be from manufacturing. So to get the lowest greenhouse gas emissions per mile of, over the lifetime, you want to expand the lifespan of that vehicle and that's often a challenge in the context of, because the vehicles are used very intensively, they're kept outside, you know, and sometimes that goal of expanding lifespan is intention with other pressures they might be facing, such as replacing the current fleet with new models that might have improvements or you know, be safer in other ways. And so we continue to bring that mindset of how do we design and pressure, test and reliability, test those products and bring in all of our operating knowledge to know what's going to really last at left in Citi bike, the need to be green and to make money are, you know, combined, right. If we were to put out a bad product or to have inefficient operations, we would lose money. And so really there's great incentives built into the program to deliver on outside of mode shift, which is a core part of the business model to ensure that we deliver the most sustainable operations um for the system. I think that there's a couple of different key parts. When we think about the future of micromobility for city bike, we're in the middle of $100 million investment to double the size of the city bike service area, bringing it to more and more new Yorkers at the end of it will cover 60% of new york city population, the more we can make these options available and make it easier to be environmentally conscious and be sustainable um the more likely more people are to do it. And I think in the future we'll see new types of vehicles, including some that are starting to come out that are enclosed three wheeled vehicles that have the, you know, the sort of footprint more of a bike but are actually like enclosed and protect against the elements. So we may see some evolution. But to date, micro mobility is primarily about electric bikes and electric scooters. And I think the transition toward electric micro mobility is only just beginning.

Fortune’s Chris Morris and Will Daniel discuss on Tech Debate.

Elon Musk doesn’t want Twitter, but what would the platform look like with him in charge?

Tech

What would Twitter look like with Elon Musk in charge?


Elon Musk doesn’t want Twitter, but what would the platform look like with him in charge?


Hey, welcome to Fortune tech debate where we discuss the issues of the day in two minutes today we're talking about twitter, Elon musk is facing a court battle that may force him to buy the social media company even though he says he's not interested in doing so anymore. Well assuming that happens, what do you think the new twitter looks like? You know, interestingly enough, musk has said that he's considering making twitter into a quote accurate, relevant and not totally depressing news source, but you know, his comments kind of leave more questions and answers really because we pay reporters to create content for twitter and and if he does, does that open them up to lawsuits under the section 2 30 of the communications decency act And you know, other social media giants have fought for years to keep their uh companies considered as platforms rather than publishers. So I just ultimately, I think musk is stuck in a situation of buyer's remorse and he's just gonna struggle to turn twitter into a profitable firm. I think one of the things that you have to consider though is that trust in major media and news outlets is declining these days. Uh Abc Fox CNN all of them are lower in the recent survey by the american customer satisfaction index. Twitter though is up 11%. It had the biggest gain of any company. So there might be something into combining the two schools of thought. Yeah, I mean I think you made a good point like seven and 10 twitter users in the United States said they got their news from the platform according to a 2021 Pew Research poll. So there's definitely a market there. But I wonder with ad spend slowing and the economy moving into recession. If it's really the right move for twitter to turn to becoming a content publisher. Yeah, well no one has ever gotten rich at least recently owning a media company and Elon musk hasn't really shown a lot of patience for things like that. There is one more thing that we need to think talk about and that is Elon musk himself. He hasn't shown a lot of patience for opposing viewpoints and we saw that at SpaceX, Could that be a problem here? Yeah, I mean I think any time the ceo of a publisher is criticizing politicians or economists publicly then it's going to be an issue for your objectivity. So yeah, it'll be interesting to see how if twitter does become a publisher, how objective they can be. Yeah. Alright, well that's gonna have to leave it there, that's all the time we have today. Come back to Fortune dot com for more tech debate

[MUSIC PLAYING] CLIFTON LEAF: Do you find that patients are becoming more integral to the research agenda? MICHAEL J. FOX: Absolutely. Parkinson's patients, we're the experts on what we have. You meet 10,000 scientists and researchers but unless they have Parkinson's they don't-- they read all the books in the world and dissect all the brains in the world and do all that stuff, they won't know what it's like to have Parkinson's. That's why we have a responsibility as patients, if we expect these people to do what we need them to, they need to be fully informed and they need to be informed on our experience. They need to be informed what works for us, what we respond to, what we can contribute. So we have patients wearing wearables that measure certain aspects of their daily routines. And we have patient involvement in things like they're trying to find a biomarker. So patients are a huge part of what we do. CLIFTON LEAF: It's exciting, Fortune Brainstorm Health is really about the intersection of biology and medicine and technology. And the idea of wearables is a new thing and being able to identify symptoms in real time. And what excites you now, what's on the agenda? DEBORAH W. BROOKS: We've actually had a handful of recent drug approvals and that's been great news. They've been focused on treating symptoms that previously weren't really well managed by the drugs that we already have for Parkinson's patients. But we still don't have anything that has been proven to interfere with the underlying disease itself. And a lot of that challenge comes from us really not being able to objectively say what is Parkinson's. And so, to be able to engage the patient community and have them be part of unpacking this very complex disease by being part of research. When you think about doing things like being able to put a wristwatch on a Parkinson's patient and a cell phone in their pocket, and then collect just terabytes worth of data every day about their movements. And then add that to the patient's reported self experience. These are the kind of things that we think can really chip away at, if not break through this lack of disease understanding. And so it's one of the ways in which we think it's really important to bring patients in but it's also one of the ways that we leverage the state of science today, the state of technology to the day, and the state of how we engage with patients that is facilitated by things like our digital platforms and stuff. CLIFTON LEAF: What surprises you now looking back about where we're at in Parkinson's? MICHAEL J. FOX: In such optimism in energy and it happened in something like five years, 10 years, whatever, get it done. And I didn't realize that we were starting with Kitty Hawk and we wanted to build a space shuttle. and then realized that pretty early on that we had to rebuild the machine in a sense. And we made investments in places and we realized that there wasn't communication between researchers and they weren't sharing information farma, and everybody. And we just realized we needed to get a big pile of knowledge and have people that need it-- can we get it when they needed it and be able to use it and exploit it? And that's been our big thing and it comes to a patient, that we have all this clinical information. But unless we have the patients experience, the patients input, it doesn't mean anything. I mean, that's the matches that starts the fire. You get to be pile of stuff and then you need the patient to start the firing and to be a part of the answer. I'm so grateful for all the people-- the patients and their families, and scientific community and pharmaceutical community, and everyone that's embraced this challenge. It's meant so much to me. [MUSIC PLAYING]

Michael J. Fox, along with his namesake Foundations' co-founder Deborah Brooks, sits down with Fortune.

Insights: How Technology is Helping to Find a Cure for Parkinson's

Uncategorized

How Technology is Helping to Find a Cure for Parkinson's

[INTRO MUSIC] You mentioned VR and some of the technologies that you use in the park, and I know Lucasfilm now has a partnership with Magic Leap-- which you are a fan of. What happens when you can have these experiences at home? I can sit at home, and I can feel like I'm at Shanghai Disney. How does that affect your business? Well, I think that might be an example that would probably be used as more of a marketing technique than a product that would simulate a theme park experience in full. I think that would have limitations; less so than ever before, but the combination of storytelling and technology is extremely powerful. If you think back to Walt Disney, what he did with a multiplane camera and creating backgrounds for some of his early movies that seemed dimensional and real; if you think about what George Lucas did with Star Wars, what John Lasseter and Ed Catmull did with Pixar and really evolve digital animation; you think about what Jim Cameron did with Avatar-- I think that using technology, whether it's Magic Leap-- which certainly would be a great example of that, to tell stories in much more compelling ways is very exciting. And to tell more story stories in different places, making characters and stories come alive in a child's bedroom, for instance-- very, very exciting. And one of the experiments that Magic Leap is doing with ILM is something called Trials in Tattooine, Tattooine being a place-- I think everyone here knows what that is, come on. [LAUGHTER] Know your audience. [LAUGHTER] Sorry. I don't know. But you can imagine taking a walk in Tattooine, and interacting with Star Wars characters. Where it gets complicated is rendering stories in real time and being able to focus a consumer's attention on a certain element of the story. But, that it will all happen and will all evolve. Parks, I think we'll probably stick to the great immersive experience of actually going to a physical place and enjoying that experience with a few, maybe 100,000, of your friends at one time, after waiting at a line for a few hours. But I think that there are all kinds of ways that we'll use technology like that to expand our storytelling. And they did something for me recently, which we kept secret to my group because they weren't ready to show it to everyone, but they took Tinker Bell-- I'm a big fan of the character Tinker Bell-- Who knew? --but we won't get into those details. We're learning so many interesting things tonight. But I stood in a room and they had Tinker Bell basically flying around me, flying right up to me and around me, and looking untethered, extremely real-- very, very real-- so much so, I thought that I could touch the character flying right in front of me. That starts-- This is Magic Leap we're talking about? Magic Leap did that. That starts to get very, very exciting when we think about what kind of stories we could tell. [OUTRO MUSIC]

Insights: Disney’s Bob Iger Discusses the Future of Interactive Storytelling

Bob Iger Discusses the Future of Interactive Storytelling

you mentioned v r and some of the technologies that used in the park on guy? No. You guys have Lucas film now has a partnership with magically, which, uh, you're a fan of, um, what happens when you can have these experiences at home? Like I couldn't sit at home and I can feel like I'm at Shanghai Disney. How does how does that affect your business? Well, I think that might be an example that would probably be used in more of a marketing technique than a tech than a product that would simulate a a theme park experience in full. I don't think that would have limitations less so than ever before, but you know, there's nothing more powerful were the combination of storytelling and technology is extremely powerful. If you think back to Walt Disney what he did with multi plane camera and creating backgrounds for some, his early movies that seemed dimensional and real rethink about what George Lucas did with Star Wars, what John Lasseter and Capital did with Pixar and really evolved digital animation. You think about what Jim Cameron did with Avatar. I think that that that using technology, whether it's magically which was certainly would be a great example of that to tell stories and much more compelling ways. Very exciting and to tell more stories. Stories in different places making characters and stories come alive in a child's bedroom, for instance. Very, very exciting. And one of the experiments that magically was doing with I a limb is something called trials in tattooing. Tattooing being a place, I think everyone knows what you Sorry, I don't know. But you can imagine taking a walk in Tattoo in and interacting with Star Wars characters Where it gets complicated is rendering stories in real time and being able to focus a a, uh, consumers attention on a certain element of the story. But it's definitely that it will happen. It will all about parks. I think we'll probably stick to the grate immersive experience that actually going to a physical place and enjoying that experience with a few maybe 100,000 of your of your friends at one time after waiting on the line for a few hours. Um, but I think that there are all kinds of ways that will use technology like that to expand our storytelling, and they did something for me recently. I was kept sort of secret to my group because they weren't ready to show it. Everyone, but they took Tinkerbell. I'm a big fan of character, Tinker Wear learning so many interesting things. But I stood in a room and and they had Tinkerbell basically flying around me, flying right up to me around me and looking untethered, extremely rial. I mean, very, very real. So much so. You know, I thought that I could touch the character flying right in front of me. That magically did that. That starts to get very, very exciting. When when we think about what kind of stories we could tell.

Fox

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