On Friday, Shares of United Parcel Service, Inc. (NYSE:UPS), added 0.11% and closed at $108.42 in the last trading session. The last trading range of the stock ranges between $108.41 and $109.06. Rwandan President Paul Kagame launched the world’s first national drone delivery service during a ceremony in the country’s centrally located Muhanga District. Starting today, the Rwandan government will begin using drones to make up to 150 on-demand, emergency deliveries per day of life-saving blood to 21 transfusing facilities located in the western half of the country.
The drones and delivery service are built and operated by Zipline, a California-based robotics company. While Rwanda’s drone delivery service will initially focus on blood, an international partnership between UPS®, Gavi, the Vaccine Alliance, and Zipline will help the country quickly expand the types of medicines and lifesaving vaccines that can be delivered.
“Drones are very useful, both commercially and for improving services in the health sector. We are happy to be launching this innovative technology and to continue working with partners to develop it further,” said Rwandan President Paul Kagame.
The Global Problem
Throughout the developing world, access to lifesaving and critical health products is hampered by what is known as the last-mile problem: the inability to deliver needed medicine from a city to rural or remote locations due to lack of adequate transportation, communication and supply chain infrastructure.
U.S. Bancorp (NYSE:USB), DROPPED -0.07% and closed at $42.85 in the last trading session. The last trading range of the stock ranges between $42.72 and $43.44. The company’s Market capitalization is $73.29 Billion with the total Outstanding Shares of 1.72 billion. U.S. Bank Wealth Administration declared recently that it has named Eric Freedman as its new chief investment officer (CIO) to replace previous CIO Tim Leach, who recently stepped down. U.S. Bank Wealth Administration manages $133 billion of assets for clients and is ranked among the top 20 wealth administration firms* in the country.
For the past 10 years, Freedman has been CIO, managing director and global market strategist for CAPTRUST Financial Advisors, where he stated to the CEO and was responsible for assisting grow the company into one of the leading RIAs in the country, with $180 billion in assets under administration. Before that, he was a senior portfolio manager for Franklin Street Partners, and vice president of equity derivatives with Goldman Sachs.
“Eric represents everything we were looking for in our next CIO. His drive, deep knowledge of the markets, and commitment to exploring comprehensive investment options on behalf of clients aligns very well with our culture,” said Mark Jordahl, president of U.S. Bank Wealth Administration. “We are excited to welcome Eric to our leadership team. Culturally, he is a great fit for U.S. Bank and represents our core values extremely well. I am confident he is the right person to guide us toward our aims and deliver on client expectations.”
AES Corp (NYSE:AES), LOST -1.36% and closed at $11.57 in the last trading session. The last trading range of the stock ranges between $11.55 and $11.88. The company’s Market capitalization is $7.52 Billion with the total Outstanding Shares of 659.09 Million. During the 52-week trading session the minimum price at which share price traded, registered at $8.22 and reached to max level of $13.32. The Board of Directors of The AES Corporation (AES) declared a quarterly common stock dividend of $0.11 per share payable November 15, 2016, to shareholders of record at the close of business on November 1, 2016.