A news summary, with a special focus on big Louisville employers; updated 4:54 p.m.
UPS just announced that its corporate foundation will explore using drones to deliver life-saving medicines such as blood and vaccines are delivered across the world. The foundation has awarded an $800,000 grant to support the initial launch in Rwanda (press release). Here’s the foundation’s GuideStar page, including annual IRS tax returns.
FORD: A top executive now says that while dropping the two-tier wage system increased labor costs, it eliminated a major source of anxiety in the automaker’s plants (Automotive News).
AMAZON: 1,500 Amazon shareholders want the company to stop selling Trump-branded products (Fast Company). CEO Jeff Bezos has sold 1% of his stake — just over one million shares — worth $671 million. The stock was sold last Thursday according to a predetermined schedule called an SEC Rule 10b5-1 plan, and takes his stake down to 17% of the company from 17.5% (New York Post). Regulatory filing. Amazon shares closed this afternoon at $679.75, up less than 1%.
CHURCHILL DOWNS: Only 17 people were arrested in and around the namesake track on Derby Day (Courier-Journal).
KINDRED: Why the healthcare giant isn’t content being the No. 1 home health provider, according to CEO Benjamin Breier (Home Healthcare News).
In other news, Metro Council President David Yates is expected to introduce an amendment today exempting Airbnb and other short-term rentals from some regulations during major events, such as the Kentucky Derby (WFPL). Former state agriculture commissioner and University of Kentucky basketball star Richie Farmer has filed for bankruptcy (Courier-Journal).
Newspaper publisher Tribune Publishing Co. said its board had adopted a shareholder rights plan — popularly known as a “poison pill” — in a bid to thwart Courier-Journal owner Gannett Co.’s unsolicited $815 million takeover offer (Reuters).
The Wild Dog Rose tea shop will open later this month in the Highlands at 1570 Bardstown Road (Insider Louisville). Also, the owners of Magnolia Photo Booth Co. in NuLu have opened a second store right next door, selling custom t-shirts for kids and adults. The new shop, called OSO Goods, is also at 709 E. Market St. (Insider Louisville, too).