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‘America’s rich get richer and poor get replaced by robots’

  Bloomberg America’s working class is falling further behind. The rich-poor gap — the difference in annual income between households in the top 20 percent and those in the bottom 20 percent — ballooned by $29,200 to $189,600 between 2010 and 2015, based on Bloomberg calculations using US Census Bureau data. Computers and robots are taking over many types of ...

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Daimler spending splurge to gain steam in automotive overhaul

  Bloomberg Daimler AG plans to ratchet up development spending throughout the year as the inventor of the automobile scrambles to keep pace with a disruptive shift to electric, self-driving vehicles. Research-and-development expenses jumped 24 percent to 2.1 billion euros ($2.3 billion) in the first quarter and will continue to rise in the course of 2017, the Stuttgart, Germany-based company ...

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Glaxo’s new CEO pledges to make drugs unit a priority

  Bloomberg Emma Walmsley pledged to spur growth at GlaxoSmithKline Plc’s pharmaceutical unit less than a month after taking over as chief executive officer of the UK’s largest drugmaker. “We are a science-based company,” Walmsley, who had been head of Glaxo’s consumer products division before her appointment in September, told reporters on Wednesday. “Our focus has got to be around ...

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