At HLTH in Las Vegas, Facebook revealed a partnership with four national medical associations to launch a preventive health tool. The initiative will offer tailored advice, the ability to set check-up reminders and other actionable information. (MM&M)
Alphabet has placed a bid to acquire wearable maker Fitbit. Google has not developed a smartwatch of its own, but an acquisition would pit it against the Apple Watch. The price of Google’s offer was not revealed. (CNBC)
Walgreens is closing 150 of its clinics by the end of the year to cut costs. Two hundred of the clinics tied to partnerships with healthcare providers will remain open in Walgreens stores. The company is planning to shift focus to primary care clinics and partnerships with other companies such as Kroger and Jenny Craig. (Associated Press)
Cannes has revealed its 2020 content themes along with a new category: the Creative Business Transformation Lions. The themes for the upcoming festival are: Creativity is the Business Growth Engine; Creative Disruption in Commerce; Post-Purpose: Brand Accountability and Activism; Brand is my Experience; Looking to 2030: Making your Business Future-fit; Applied Creativity: When Data, Tech and Ideas Collide; Storytelling at Scale; and Let’s Get Back to Brand. (MM&M)
Allergan has agreed to pay $750 million to settle a class action lawsuit over its Alzheimer’s therapy Namenda. The lawsuit claims that Allergan attempted to delay generic competition for the treatment. The settlement admits no wrongdoing. (Reuters)
