Dow Jones Surges 300 Points as Apple iPhone Event Approaches, Cisco Stock Shakes Off Downgrade

A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average (DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.

Tech giant Apple (NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems (NASDAQ:CSCO) were also higher despite an analyst downgrade.

5G text over earth.

Image source: Getty Images.

Apple surges ahead of iPhone event

If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,

Read More
Read More

Council Post: Building For The Future: Exploring Mobile App Approaches

Max Lynch, Co-Founder & CEO at Ionic.

In today’s uncertain environment, it’s not unusual for management to feel powerless over factors outside of their control. Many industries are paralyzed in a “wait and see” posture, a precarious position for business leaders. However, mobile app spending and installs are thriving, and they grew significantly during the first half of 2020 despite the Covid-19 pandemic. 

In the first half of 2020, worldwide spending across app stores netted $50.1 billion — an increase of 23.4% from the first half of 2019. First-time app installs are up 26.1% year over year in 2020, reaching 71.5 billion downloads. Though mobile was poised to set new records in 2020 ahead of the onset of Covid-19, uncertainty has leaders using this moment to reevaluate their operations. Regardless, mobile is on the rise, and as I discussed previously, the numbers prove that mobile apps are no longer

Read More
Read More

As deadline approaches, will HHS face pressure to push back information blocking rules?

In March, the Department of Health and Human Services passed sweeping interoperability rules that would add teeth to requirements for healthcare providers and IT vendors to securely share patient health information. With the initial deadline approaching in November, is HHS facing pressure to push the deadline back?

“We’ve had lobbying pressure all along,” Dr. Don Rucker, National Coordinator for Health Information Technology, said in a Thursday panel at CBInsights. “These are all powerful economic forces. Whenever you disrupt powerful economic forces in D.C., the town business is lobbying.”

Recent lobbying disclosure reports confirm Rucker’s comments. Health IT companies paid lobbyists in the second quarter of 2020 related to interoperability and information blocking rules.  D.C.-based lobbying firm Mehlman Castagnetti Rosen & Thomas, received $60,000 from Epic Systems, and athenahealth reported spending $60,000 on its own lobbying efforts.

Several other familiar names in healthcare spent lobbying dollars related to information blocking in

Read More
Read More