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10/18/2017

Senate health committee Chairman Lamar Alexander, R-Tenn., and ranking member Sen. Patty Murray, D-Wash., announced a deal to stabilize the individual insurance market by funding cost-sharing reduction payments through 2019, giving states more flexibility to skirt certain Affordable Care Act requirements, allowing consumers over age 30 to purchase copper plans, and providing $106 million to support ACA enrollment. However, the proposal garnered mixed messages from President Donald Trump, while Senate Majority Leader Mitch McConnell, R-Ky., has not said whether he will allow a vote, and some Republicans said they oppose it.

10/18/2017

Jose Andres, who owns 26 restaurants and has delivered hundreds of thousands of meals to Puerto Rican hurricane victims, says he reads Yelp every day as part of his bid to understand and listen to customers. "We cannot keep seeing the people coming to our business as the guests or the customers: They are our partners," he says.

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Business Insider, Eater
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José Andrés, Yelp
10/18/2017

Walmart's size means that when the company raises hourly wages and improves benefits, it is essentially raising working conditions for entire areas and pushing other businesses to do the same, writes Oliver Staley. The wage increases have alarmed investors and come against a larger competitive war Walmart is fighting to maintain in-store sales while growing online.

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Quartz
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Walmart, Oliver Staley
10/18/2017

Sales representatives should try to emulate the way doctors build relationships with patients based on honesty and attention to detail, writes David Braun. Doctors also emphasize care and make good use of their knowledge when solving problems, which are other examples that sales reps can follow.

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Entrepreneur online
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David Braun
10/18/2017

US industrial production bounced back slightly during September, increasing by 0.3% during the month, according to the Federal Reserve. "Continued effects of Hurricane Harvey and, to a lesser degree, the effects of Hurricane Irma combined to hold down the growth in total production in September by a quarter percentage point," said the Fed.

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Reuters
10/18/2017

The annual Forbes 400 list of the richest people in the US has been released, and a record 169 people with a net worth more than $1 billion were not included. President Donald Trump ranks 248th with an estimated worth of $3.1 billion.

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CNBC, Forbes, Forbes
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Forbes, Donald Trump, 400, $1 billion
10/18/2017

RXBAR co-founder Peter Rahal says his protein bar company, which was recently bought by Kellogg, succeeded by being serious about planning and strategy while creating a product that fills a specific need. "The same principle of who you get in bed with in business, it's the same thing with who you sell to and who you buy from," he says.

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Kellogg, Peter Rahal, Rxbar
10/18/2017

Facebook reportedly is testing a feature that would allow users to list professional and educational experience. The screenshots of the feature suggest that users will be able to share career information without allowing potential employers to view private profile information.

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Business Insider
10/18/2017

KBP Foods has expanded its restaurant portfolio by acquiring a total of 78 KFC locations in Texas, Kansas and Illinois in three different deals. KBP is one of the largest restaurant operators in the US and this year alone has grown its store count by 166 locations.

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KBP Foods, KBP
10/18/2017

Not everyone is fortunate enough to be led competently, but the ideal response to such a situation is not criticism but "trying to help them overcome their faults and limitations," Steve Keating writes. Doing so means you won't always get the credit you deserve, but "are you leading to lead or are you leading for some type of personal glory?" he writes.

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LeadToday blog
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Steve Keating