Activist Investors Call on Apple to Address Youth Phone Addiction
Apple under fire after two Apple investors urged the company to step up and play a bigger role in managing smartphone overuse and addiction. David Benoit, Activism Reporter at The Wall Street Journal, was with us to discuss why Jana Partners has decided to push Apple to develop tools and research the effects of smartphone overuse by young people.
Benoit says the investors aren’t saying its necessarily Apple’s responsibility to monitor phone usage. Instead, he thinks they believe that Apple could play an important role in acknowledging that they aren’t sure what the impact of all this phone usage will be, but could score points by giving parents the option to monitor usage.
Activist investors typically focus on things like buybacks and acquisitions. Benoit says this move by Jana Partners to take a stance on corporate responsibility is very different. He thinks following Jana's advice could help protect Apple from potential backlash on teen iPhone usage. In addition, Benoit says goodwill could help drive future sales if consumers feel Apple made a phone that is safe for kids.
The fashion industry relies on trends and consumerism, and collections have historically been produced in a seasonal cycle. But in recent years, fast fashion has led to a higher turnover of collections and has created massive industry waste. As designers at New York Fashion Week tout their sustainable practices, has the industry fully committed to lessening its waste and potentially cutting back on production? Amy Odell, fashion journalist & author of 'ANNA: The Biography,' joins Cheddar Climate to discuss how the fashion industry is incorporating sustainable practices (or not), any potential accountability measures including the New York State Fashion Act, and more.
German vaccine maker BioNTech unveiled plans Wednesday to establish manufacturing facilities in Africa that would boost the availability of much-needed medicines on the continent.
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Wholesale inflation in the United States surged again last month, rising 9.7 percent from a year earlier in a sign that price pressures remain high at all levels of the economy.
