BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Bank of America / Microsoft’s AI backbone / New blood pressure device
Bank of America spends over $250 million annually on GLP-1 weight loss drugs for employees, combining access with health coaching to reduce long-term healthcare costs. Microsoft reported $24.1 billion in AI revenue from OpenAI, which constitutes 70% of its AI business, despite diversification efforts. Vital Signals raised $15 million to launch a $399 cuffless blood pressure wearable, Signal Ring, entering a competitive market with unproven real-world reliability.
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Adjacent reporting
- STAT+: Blood pressure tech floods the market after FDA relaxes wearables oversight
- Bank of America spends more than $250 million on GLP-1s
- Bank of America is spending $250 million a year on weight loss drugs for employees
- Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says