Much of the UK financial system relies on a few key tech providers. But such concentration could lead to big risks if left unchecked.

This year, 64% of consumers worldwide—or as many as 1.70 billion digital buyers of the 2.65 billion we forecast—will regularly buy directly from a brand, up 15 percentage points from 2019.

Soaring food prices are causing consumers to rethink their spending: Consumers are changing both where and how they shop for groceries, as well as what else they buy.

Digital health ed goes global: A digital health hub aims to upskill healthcare workers and drive health tech innovation worldwide. It could help connect isolated rural providers with academic hospitals’ expertise.

Olympus develops virtual collaboration platform for digital health: Leveraging video, AI, and collaboration tech can bring remote experts into procedure rooms and facilitate remote medical training for more successful treatments.

Meta on the ropes: Meta shares have dropped, but metaverse adoption is expected to be a $13 trillion industry by 2030 as more players build competing immersive VR experiences.

Spotify doubles down on podcast commitments: The company revealed revenue figures at its investor day event, and warned that it will face losses for the next two years.

Xbox’s smart TV partnership could flesh out its ad business: The company is bringing its games subscription service to Samsung TVs.

Amazon’s fashion expansion continues with forays into luxury and physical retail: The company’s high-end ambitions are at odds with its emphasis on value and low prices.

Cloud rookies get burned: New reports show cloud data breaches are getting worse. By integrating security measures during instead of after cloud migrations, companies can bolster data safeguards.

Smartphones will gain a few competitors in the next several years. As metaverse tools and wearables like virtual reality (VR) headsets become more commonplace, they will cause growth to slow for everyday devices like smartphones.

On today's episode, we discuss the players in the advertising space—besides Meta, Google, and Amazon—that have created a billion-dollar ad business and which ones are close to gaining membership to the billion-dollar ad club. "In Other News," we talk about a refresh to the Federal Trade Commission's digital ad guidance and what Amazon's worldwide consumer chief stepping down means for the retail giant. Tune in to the discussion with our analysts Andrew Lipsman and Max Willens.

Target takes aggressive measures to shift unsold inventory: The retailer’s decision to offer steep discounts and cancel orders could signal a larger retail slowdown as demand cools.