At Apple’s annual Worldwide Developers Conference earlier in the week, over a dozen iOS changes/updates were announced, and while everyone’s talking about things like no more iTunes (It’s going to be split into three separate apps.), a more “natural”-sounding Siri, and the ability to share music w/friends (just hold your phone next to his/hers a la AirDrop), the big takeaway isn’t necessarily what was showcased. Rather, it’s what the conference showed, and that’s Apple’s ongoing commitment to privacy. Tim Cook, who loves to take hits at Facebook and Google, is positioning Apple as SAVIOR.
On Tuesday, CVS announced it’s remodeling a bunch of stores (1,500 across the U.S. by 2021) to create HealthHubs, which can best be described as part pharmacy, part hospital, part wellness retreat. There will be rooms for yoga and seminars, and services like health screenings and blood tests will be offered, as will on-site treatment for chronic conditions such as diabetes and asthma. Additionally, various specialists will be in-house to talk diet, nutrition, and there will even be a designated “Care Concierge” on location to explain how your health insurance works (Good luck with that!). CVS is looking to turn its pharmacies into experiences, and become a one-stop destination for all things health. It launched three HealthHubs in Houston earlier this year as a pilot program, and given the success, it’s scaling. Next stops: Atlanta, Philadelphia/Southern New Jersey and Tampa.
On Wednesday, Peloton, the digitally-connected bike and treadmill startup, confidentially filed for a U.S. IPO w/the SEC. The ‘weirdly profitable’ company w/the cult following is working w/Goldman Sachs and JPMorgan Chase to lead its listing, which could value the company at > $8 billion. If and when Peloton goes public (maybe later this year?), it will join a set of other unicorn companies that have made their Wall Street debuts this year, including Pinterest, Lyft, Uber, and Zoom. In April, WeWork also filed confidential paperwork to go public.