Jul 6, 2017

Japanese photocopier company makes $1 billion health care deal

Ra Boe / Wikimedia Commons

Konica Minolta, a company based in Japan best known for making photocopiers, is teaming up with the Innovation Network Corporation of Japan, a state-backed fund, to buy Ambry Genetics for $1 billion. Konica Minolta's U.S. subsidiary will own 60%, and the Innovation Network will own the remaining 40%.

The bottom line: Konica Minolta has its base in digital printing, copiers and other office technology, but it also has a growing health care business with imaging systems and other medical equipment. Buying Ambry Genetics allows Konica Minolta to rely less on the declining office industry and will give it a foot in the door with pharmaceutical companies and hospitals that are experimenting with genetics testing and labs.

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The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

While economists predict that today's nonfarm payrolls report will show around 20 million Americans were unemployed in May, it's likely the real number is close to double that.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.

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How coronavirus could reshuffle the sports calendar

Illustration: Eniola Odetunde/Axios

The NBA's Board of Governors approved Thursday the league's 22-team plan to resume play at Walt Disney World — a plan that also includes tentative dates for both this season and next.

Why it matters: The league's proposed trip to Disney World not only impacts this season but could have a domino effect that impacts seasons in the future — and could permanently change what time of year the NBA plays its games.

Buffalo police officers suspended after shoving elderly man

Photo: Mike Desmond/WBFO via AP

Two Buffalo police officers were suspended without pay Thursday night after video emerged of them violently shoving a 75-year-old man to the ground while clearing a protest in the wake of George Floyd's killing in the city’s Niagara Square, WBFO reports.

The state of play: Before WBFO’s video of the incident went viral, a Buffalo police spokesman issued a statement that said "one person was injured when he tripped and fell."