Amazon sold you everything, now it wants to test you
Hello, and welcome to this week's edition of the Insider
- Amazon's big plans for at home medical tests
- The "other" SPAC King
- Dispatch from Miami with tech VC Keith Rabois
The universe of
This week we learned that Amazon has been in talks to acquire the MGM movie studio for about $9 billion.
And on the other end of the spectrum of Amazon products, Insider's Eugene Kim exclusively reports that the company is developing a line of products for at-home medical tests.
- The first product is a COVID-19 home testing kit which is expected to be available in June, potentially around the start of the big Prime Day sale.
- But as Kim reports, Amazon has much broader ambitions for a line of products that may be branded "Amazon Diagnostics." This includes tests for infections that lead to respiratory and sexually transmitted diseases, as well as home genomic tests similar to those offered by 23andMe and Color Genomics.
Given Amazon's penchant for connecting everything to the internet however, it will be interesting to see whether these "home" medical test results truly remain inside the walls of your house.
Read the full story here:
Amazon plans new 'Diagnostics' brand that offers at-home medical tests for COVID-19, sexually transmitted infections, and clinical genomics
Chamath Palihapitiya has eagerly cast himself as the SPAC king, the frontman of the firm that started the blank check boom, Social Capital Hedosophia. But there's another founding partner at the firm, and he's purposefully kept himself in the shadows.
Insider's Becky Peterson has the must-read profile of Ian Osborne:
"Part connector, part fixer-for-hire, the 38-year-old Osborne is an unlikely lord of high finance and tech. His career didn't begin as a banking hotshot or a computing whiz, but as a teenage theater producer in London's West End.
Through means that aren't entirely clear to even some close acquaintances, he has finagled his way into the circuits and pocketbooks of the world's most rich and famous, earning favor by doing favors, and parlaying his impressive black book into a lucrative, and sometimes mysterious, career."
Read the full story here:
The secret life of Ian Osborne, the shadowy 38-year-old cofounder of Chamath Palihapitiya's SPAC who has built the ultimate black book of billionaires
And in other SPAC news:
Save the date:
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- Fox Corp CEO Lachlan Murdoch in an exclusive interview with Insider's Claire Atkinson on why social
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