Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Amazon is set to lose two important executives who were said to have played a role in the company’s foray into the health care business. It is also shutting its telehealth service this year.
As per CNBC, the two executives were the co-founders of PillPack online pharmacy startup as well, and they are TJ Parker and Elliot Cohen. Amazon acquired the pharmacy in 2018 for around $750 million, and the co-founders came aboard the e-commerce and tech firm as health strategy advisors.
When the acquisition was completed, the two worked with Amazon to help launch its Amazon Pharmacy, an online shop for medicines which delivers prescription drugs in the United States. Parker and Cohen were the vice president of the said pharmacy before they were moved to consulting roles recently.
Now they are both leaving Amazon at the end of this month. They have personally announced their departure through a note they sent to their team at the company on Tuesday, Sept. 20.
“I’m officially moving on from PillPack / Amazon. I’m so proud of what we have accomplished over the last decade and am filled with gratitude,” Parker wrote on LinkedIn with his full note to the team attached.
In recent years, Amazon has scaled up its push into the health care business, however, only part of its efforts was successful. It was reported that its pharmacy unit is struggling to secure its share in the market while Amazon has decided to fully shut down its Amazon Care telehealth service business.
Parker said that he and Cohen are likely to take a rest and spend more time with their families. Later on, they will both return to invest, start a new business, and give advice to healthcare and consumer-focused businesses.
For the departure of Parker and Cohen, Amazon’s health care operation’s veteran executive, Neil Lindsay, sent an email to employees. He said that their exit from the company is “bittersweet” and expressed gratitude for helping them develop the strategy for a better consumer health care experience.
“TJ and Elliot have had a significant impact on Amazon and the Health Services organization, and while they will be missed, we’re grateful for their contributions and wish them well on their next endeavors,” Bloomberg quoted Lindsay as saying in the email.
