Fortune USA 201904

(Chris Devlin) #1

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FORTUNE.COM // APR.1.


TECH


21 Extreme Measures
Simplehuman, the high-end
housewares maker, takes product
testing very seriously. The obses-
sion appears to be paying off.
By SHEILA MARIKAR

24 China’s Electric-Car
Showdown
Tesla, GM, and Volkswagen are
betting big on the world’s largest
market for electric vehicles. But
the country’s domestic manu-
facturers, like BJEV, have a huge
head start. By JEFFREY BALL

venture
29 Is 42 the Answer?
A billionaire disrupter of the
French telecom market had a
radical idea: Build a computer
programming school that has
no books, no teachers, and no
classes. Oh, and make it free.
Six years in, has it worked?
By VIVIENNE WALT

invest
39 Betting on Tech’s
Building Blocks
The cloud-computing boom has
seeded a crop of fast-growing
companies that cater to software
coders. How investors can profit
from the pursuit of API-ness.
BY ROBERT HACKETT

focus

7 Eradicating a $600 Billion
Industry
Nearly every Democrat running for
President supports a version of
universal health care. That has
the private insurance industry
on edge. By SY MUKHERJEE

10 Kraft Heinz:
A Cautionary Tale
Cost cutting didn’t help Jell-O
and wieners in an avocado-toast
world. By SHAWN TULLY

11 Peloton’s Climb
The leader in bringing studio
workout classes to the masses is
going public. By DANIEL BENTLEY

12 Hey Nike, Suppor t
Student Athletes
A former college football player
says the company should help
them get paid. By DAVID GRENARDO

13 Foldable Phones
Are Coming
Whether we want them or not.
By AARON PRESSMAN

briefing

4 Broken Records
Our massive effort to digitize
America’s medical records has
been an equally massive disap-

foreword

passions

43 Taking Back Fifth Avenue
A $250 million revamp of Saks’
Manhattan flagship is the tip of
the spear in the hypercompetitive
department store wars.
By PHIL WAHBA

“Google’s Hopes and Dreams in India”
(Mar. 1) incorrectly stated that Google
Pay has 40 million active users globally.
This figure represents usage in India
only.
Because of an error in source material,
“ The Real Tide Pod Challenge” (Mar. 1)
incorrectly stated the share of total
laundry pod exposures in 2017 that
involved health care facility treatment;
it was 33%, not 39%. Also, a reference
to a sharp increase in emergency-room
visits related to laundry detergent after
laundry pods first hit the U.S. market
should have specified that the increase
occurred among children under 6.

last byte
88 On the Nation’s Payroll
There are more than 2 million
federal employees. You may be
surprised by where they work.
Te x t by CLIFTON LEAF; graphic by
NICOLAS RAPP

mckinsey under a microscope
14 A Q&A With Kevin Sneader
Recent revelations have sub-
jected consulting giant McKinsey
to awkward scrutiny. Its leader
describes what could change.
Interview by ADAM LASHINSKY

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