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Cloud computing highs • Drug price predictions • Early retirement • Lumber shortage spikes
APRIL 30 — Cloud-computing spending hit a record $41.8 billion this quarter as more businesses relied on the internet to make it through the pandemic. New research predicts global spending on medicine could grow to $1.6 trillion by 2025. The number of people in the US who expect to work after age 67 fell to a record low of 32.9%. The price of lumber has added nearly $36,000 to the cost of an average single-family home. This calls for alternative ways to increase lumber supply.
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By You Exec NewsAPRIL 30 — Cloud-computing spending hit a record $41.8 billion this quarter as more businesses relied on the internet to make it through the pandemic. New research predicts global spending on medicine could grow to $1.6 trillion by 2025. The number of people in the US who expect to work after age 67 fell to a record low of 32.9%. The price of lumber has added nearly $36,000 to the cost of an average single-family home. This calls for alternative ways to increase lumber supply.