CBX Daily 1/23/2024

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CultureBanx Team
January 23, 2024

Today a market disarray has art collectors shaking in their boots, but let’s start with how health tech is on a transformative pursuit to rewrite medical coverage…

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Black Innovation’s Frontline: Health Tech For Medicaid Is Innovating For A New Era In Medical Coverage

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Medicaid, a significant lifeline for millions of low-income Americans, is undergoing a digital revolution. This transformation is not just enhancing the health care accessibility but also fostering health equity. However, the challenge lies in bridging the gap between innovative digital health tools and their reach to the Medicaid audience. Most of the digital health innovation has been aimed at middle- and high-income consumers, and this is where Health Tech for Medicaid (HT4M), founded by Adimika Arthur, is on a quest to reduce racial, low income and ethnic disparities in health outcomes.

Art Collectors Trim Their Portfolios Amid The Shifting Market Landscape

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Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists’ representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.

The $1.6 Trillion Student Loan Debt Disproportionately Weighs On Black Women

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When the Supreme Court decided to block President Joe Biden’s student loan debt relief plan, it left well educated Black women across the country to bear a heavy financial toll. Black women own a disproportionate amount of the $1.6 trillion federal student debt total, with higher debt averages than any other demographic. These melanated and highly educated Black women have 43% more undergraduate debt than their white women counterparts.

Goldman Sachs Turns Up Culture With Music Streaming And A.I

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Streaming and A.I. take center stage in Goldman Sachs (GS -0.75%) latest series of ‘Music in the Air‘ report, with estimates for industry revenues to reach $92 billion last year and increase to $151.4 billion in 2030. Currently music streaming sales are dominated by top R&B and hip-hop artists such as Drake, SZA, Kendrick Lamar, The Weeknd, Lil Baby and Cardi B. Music publishers and labels also stand to profit greatly from the rise of streaming, led by Black listeners who are the largest user group.

Muy Bueno! Latin Music’s Unstoppable Takeover Fiesta

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The popularity of Latin music worldwide has helped highlight the beauty and richness of the Hispanic community’s culture. It has influenced the rise of other Latin songs and artists, facilitating the growth of the genre on an international scale which has managed to surpass the $1 billion revenue mark with the upward trajectory expected to continue.

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Jastin Martin was right! Mean it and "Mean Well” when it comes to healthcare. Get into it in our CBX Vibes!