equal 14% of its workforce, and come amid falling sales figures — which may be linked to a slowing direct-to-consumer genetic testing market: For instance, back in August 2019, Illumina — which develops the decoding system that serves as the backbone for most genetic testing companies — Business Insider Intelligence
High price points and limited long-term use could help explain declining sales in the DTC genetic testing market. The cheapest tests available from DTC genetic testing giants Ancestry and 23andMe come with a price tag of nearly $100 — but the tests analyze of a person's entire genome, and focus only on a sect of genes that researchers have identified as posing health risks.
And genetic testing firms have been criticized for insufficient data security measures. Back in 2017, Senator Chuck Shumer a letter to the Federal Trade Commission urging the group to ensure that genetic testing firms' privacy policies are transparent and fair to consumers.
And the massive over-hype. They make it sound like they can actually find your origin when most of the time it's not a very exact business.
Probably, but they may also be wary of what those tests could be used for later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PRESENTING: The 13 consulting firms where you can earn more than $200,000 with an MBA - Business InsiderRead Business Insider's exclusive roundup of the highest-paying consulting firms in 2020. About $4,000 grand a week. Thats enough. It's a zero-sum investment. An MBA at a top school taps out at $200k which means you'd mortgage the equivalent of a small town home. If firms offer to pay for that added (though often unnecessary) education bill, it could be worth the investment, but only if they keep you.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Walmart tests higher starting wage in 500 stores, talent war increases - Business InsiderWalmart has created two new positions in 500 stores that will start at more than the standard $11 an hour for Walmart employees. Walmart products from China ... Stop using paper money and coins to avoid CORONAVIRUS SARS2 spread ... use Digital money or Cryptocurrency bitcoin $BTC $XRP Use mask is traffic areas, wash hands with alcohol
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top 4 contrarian stock market bets from famed investor Bill Miller - Business InsiderBill Miller's mutual fund crushed the market for a record 15 straight years, and he's still beating his peers. He outlined for us the top 4 contrarian bets he's making right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market reaction to coronavirus: airlines, hotels, cruise lines slip - Business InsiderThe virus, which originated in Wuhan, China, has so far killed 80 people and infected more than 2,700 worldwide. shukla_tarun Airlines and hotels will take a huge hit now
Source: BusinessInsider - 🏆 729. / 51 Read more »
'A true black swan' — stocks and oil slump as Wuhan coronavirus hammers markets - Business InsiderThe deadly virus has infected more than 2,700 people, killed 80, and spread to at least a dozen countries.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How N26 is adding products and gaining customers in the US market - Business InsiderN26's US CEO laid out plans for a freemium model and eventual credit products, and explained why the Peter Thiel-backed neobank isn't looking for a US bank charter anytime soon.
Source: BusinessInsider - 🏆 729. / 51 Read more »