Business & Finance

Fortune July 1, 2017

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success. Fortune currently publishes 3 double issues. Each count as two of 12 issues in an annual subscription.

United States
Meredith Corporation
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12 Issues

in this issue

3 min.
keys to the kingdom

ONE OF THE MOST REMARKABLE FACTS about the human body—indeed, about the great mass of living things—is that nearly every cell carries the complete genetic blueprint for the entire organism. There are exceptions to the rule: Mature red blood cells, for example, which are devoid of a nucleus, have no DNA to speak of. And reproductive cells (sperm and egg) carry only half the complement of genetic material. But most every other cell carries with it the full set of how-tos for creating and maintaining every part of the whole. Think of that for a moment: Each of the tens of trillions of cells in your body has, in effect, the complete set of keys to the kingdom. Storing the same cache of knowledge in each cell, naturally, makes the human machine…

4 min.
the deal that made an industry shudder

CLOSER LOOK FOR YEARS, AMAZON has been the specter looming over retail, as once-dominant department stores and specialty chains fell on harder and harder times. But up until now, the e-commerce titan has managed to irrevocably alter the industry without making much of a dent in retail’s biggest moneymaker of all—the $800 billion grocery business. That changed on June 16 when Amazon announced its intention to acquire Whole Foods, the upscale supermarket chain that played pivotal role in taking organic and natural foods mainstream. Whole Foods itself may have been under duress, pressured by an activist investor and softening sales, but the healthyfood movement and the meticulously curated store experience that it pioneered is alive and well. “Amazon is placing its bet on the future of the food industry,” says Errol Schweizer,…

1 min.

Most sharing-economy workers make under $500 a month from such jobs, according to data collected by consumer-lending startup Earnest. That paltry sum reflects how many people are just dabbling (as opposed to working full-time), butit also highlights how tricky it can be to earn a living at companies that don’t actually “hire” most workers. It’s perhaps telling that Airbnb paid out the most per month. Returns on capital (rather than labor) are pretty good these days. THE NEW KIDS MILLENNIALS, MOVE OVER. GEN Z IS COMING ENJOY IT WHILE YOU CAN, millennials. For years, businesses have relentlessly pursued the coveted demographic, creating products and campaigns just for them. But Gen Z is even larger (nearly 30% of the current U.S. population), and before long, they’ll be spending like it. STANDING DESKS YOU’LL GET USED TO…

1 min.
“peak tv” is further away than we think

ENTERTAINMENT HOW MUCH TV IS TOO MUCH TV? A record 454 scripted original series aired on television in 2016, up from 420 in 2015 and a 71% increase from five years earlier, according to FX Networks’ tally. How high can that number go? 500 shows? 600? The peak, experts say, must be nigh. For years, networks have chased the “prestige TV” model—higher-quality shows with big stars and cinematic production values—in the hopes of luring new audiences. But critical acclaim and buckets of money haven’t guaranteed big ratings. After all, even TV addicts struggle to find time for every worthwhile series. Indeed, networks like MTV and A&E are cutting back on scripted programming in favor of cheaper nonfiction and reality shows. FX CEO John Landgraf says the saturation point could come as soon as this…

1 min.
for those tired of trump news, there’s a plug-in for that

FEELING TRUMP fatigue? You’re not alone. News app Quartz is allowing users to “snooze” POTUS-related headlines. A Google Chrome extension lets users filter out web pages mentioning the President. And news aggregator Nuzzel has introduced a no- Trump option for its newsletters and app. The company, which uses people’s social media connections to pick stories relevant to them, says social shares on Trumprelated news hit an alltime high in January. “We started getting complaints from users about seeing too many political stories,” says Nuzzel CEO Jonathan Abrams. The premium service, which also cuts out ads, launched in June and costs $10 a month. Silence is golden—and naturally comes at a price.…

1 min.
so much for that brexit mandate

EUROPEWHEN U.K. Prime Minister Theresa May called a snap election in April, polls showed that she would win a big mandate for her high-risk Brexit strategy— which entailed leaving the EU’s Single Market and its customs union in two years flat, even, if need be, without negotiating any future trading arrangements. But her electoral gamble backfired spectacularly after voters went to the polls in June. Her Conservatives lost their slim majority in Parliament and are now hanging on to power only with the support of the fundamentalist Protestant Northern Irish Democratic Unionist Party (DUP). Her authority in tatters, May is now under pressure from all sides. The Tories’ right wing wants a “hard” EU exit regardless. Business, hoping to avoid getting slammed by Brexit’s full impact in 2019, is making a fresh…