Latest news with #Rau
Yahoo
5 days ago
- Business
- Yahoo
Restaurant Road Trip: Heather's Original Philly Cheesesteaks
MORGANTOWN, (WBOY) — You don't have to leave West Virginia anymore for an authentic Philly cheesesteak, as Heather's Original Philly Cheesesteaks is making them fresh in Morgantown 'the way a steak should be made.' Heather Rau has been living and breathing Philly cheesesteaks her whole life. In the 1980s, she worked for the master cheesesteak man Samuel Sherman or 'Chink' in Northeast Philly. Heather's Original has been following in Chink's footsteps since 2016. Rau told 12 News about the impact Chink and his wife Millie had on her. 'They taught me a whole lot about what it's like to be a business person and if you really are going to put the time into it, you may as well make something that you really like,' Rau said. Restaurant Road Trip: The HoneyBee Stand Rau also said she learned another valuable lesson: a Philly cheesesteak does not have cheese whiz on it, and don't even think about asking for it. Rau learned that from Chink himself and remembers how Chink would react when people would ask for cheese whiz. 'He'd shake his head a little bit,' Rau said. 'And then honestly, he just pointed and what he would do is he would point to South Philly and tell people if you want that, you go to South Philly for that.' Heather's Original is a moving business. You can see her red tent set up at festivals, and she'll come cater to you for any parties or events. You can follow where Heather's Original Philly Cheesesteaks will be next on her Facebook page. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Time of India
17-05-2025
- Business
- Time of India
Non-AI organisations won't make it to 2050, says Diogo Rau
As a professional from the pharmaceutical industry, Diogo Rau , the global chief information and technology officer at Eli Lilly , is surprisingly candid. Rau has worked at global consulting firms AT Kearney and McKinsey, spent a few years at Apple, founded a start-up before moving into the big transformative role at Eli Lilly. Rau says those who do not see value in investing in AI now, may not exist in 2050. He speaks to ET's Vikas Dandekar on a range of issues that will shape the future of drug discovery research. Edited excerpts: Q: How is AI aiding discovery research in pharmaceutical industry? A : I am a complete optimist when it comes to AI in medicine. I firmly believe that companies and institutions that don't invest in AI now won't be around in 2050. The fact that we don't yet have an AI-generated molecule in use isn't a reason to doubt AI's potential. Drug development takes years, from design to patient use. But even now, we have promising AI-assisted molecules in discovery stages. More than a quarter of our R&D budget (of $14 billion annually) goes toward genetic medicine . That's an investment for the future. It doesn't align with our revenues today, but it's a long-term bet. Q: Do you think AI could eventually help with the design of proteins, perhaps in a similar way that image generation AI works? A : Proteins are, of course, the magical large molecules that do everything in our body, from how we perceive light on our retina to how we move our muscles. They're at the core of everything. Essentially, DNA's main role is to encode proteins. There have been major breakthroughs, like AlphaFold, which can predict a protein's structure based on its genetic sequence. But I think we're reaching a point where we can design proteins instead. Many companies, including us, are investing in this space. Instead of asking, what does this genetic sequence produce, we're now able to ask, I need a protein with these properties, so what genetic sequence will get me there? Q: What are the missing parts in reaching a potential molecule through use of generative AI? A : One challenge in drug discovery is that there aren't many large datasets available for medicines. The reason for that is what gets published most of the time, it's only when medicines work. People don't typically publish data on what didn't work. But if you know anything about AI, you know that if you train a model only on successes without including failures, it's not going to be useful. It's going to be chaos. You need the negative cases to make it work. Q: Is AI really building pipelines for big pharma companies? A : If we didn't have AI right now, there are discoveries that humans would never come across. In that vast space of possible chemicals which is more than the number of stars in the universe, a human lifetime is limited. A chemist might have 60,000 working hours to explore, so they prioritise what they believe is most likely to succeed. But AI, in a sense, has all the time in the world. It can examine things far less likely to yield results, yet at some point, it's going to strike gold. It will land on an entirely new space, triggering us to explore something we hadn't even considered. Q: Somewhere you have said the best engineers are lazy but you want to hire them? A : The best engineers are often the laziest because they refuse to do the same task repeatedly-they'll find a way to automate it instead. If you ask them to do something twice, they're already frustrated, seeing it as a waste of time. They'll invest extra effort upfront to eliminate repetitive work, which is exactly the mindset needed in the AI era. I also appreciate the impatient ones-those who don't want to sit through endless discussions and slides but just want to dive in and get things done.
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Business Standard
17-05-2025
- Health
- Business Standard
Over 80% insured persons unsure about efficacy of health cover: Survey
The survey, Health Unlimited, found that when faced with a claim, two out of every three individuals feel insecure and inadequately covered as they encounter unexpected bills Press Trust of India Mumbai More than 80 per cent of insured persons polled feel unsure about the efficacy of their health insurance cover due to rising hospitalisation and medical costs in India, says a survey by Future Generali India Insurance. The survey, Health Unlimited, found that when faced with a claim, two out of every three individuals feel insecure and inadequately covered as they encounter unexpected bills. Nine out of ten health insurance policyholders feel that recharge of sum insured is a key benefit, the survey stated. This growing concern highlights the need for comprehensive healthcare solutions, Anup Rau, Managing Director and CEO, Future Generali India Insurance Company Ltd, said. Rising cost of medical treatment is a cause of concern for a vast majority of people in India, despite having a health cover, Rau said. The survey was conducted among 800 insured individuals aged 25-plus. It claimed that India had one of the highest medical inflation rates among other Asian countries in 2021 - approximately 14 per cent higher than China, Indonesia and Vietnam. Rau said Future Generali India Insurance has come up with a comprehensive health insurance offering, Health Unlimited', to ensure that customers do not run out of coverage even during times of higher bills, irrespective of their sum insured getting exhausted. The plan offers unlimited restoration of the sum insured starting from the second claim, providing complete financial security without the worry of exhausting coverage, he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Deccan Herald
17-05-2025
- Health
- Deccan Herald
More than 80% insured people unsure about efficacy of health cover, claims survey
Rau said Future Generali India Insurance has come up with a comprehensive health insurance offering, 'Health Unlimited', to ensure that customers do not run out of coverage even during times of higher bills, irrespective of their sum insured getting exhausted.
Chicago Tribune
09-05-2025
- Business
- Chicago Tribune
John Rau, led two venerable Chicago financial institutions, dies at 76
John Rau led two venerable Chicago financial institutions, Exchange National Bank and Chicago Title & Trust, before overseeing each firm's sale, and also was the dean of Indiana University's business school and CEO of Chicago-based Miami Corporation Management. 'He took great pride in helping institutions — but really, the people in those organizations — reach their full potential,' said Robert Venable, who succeeded Rau as CEO of Miami Corporation Management. 'He understood how important that was to the continuity of the organizations he'd been involved with.' Rau, 76, died of a heart attack April 8 at a hotel in Bloomington, Indiana, while visiting Indiana University's business school as an executive in residence, said his stepson, Will Johnson. Rau had homes in Lake Forest, Chenequa, Wisconsin and Naples, Florida. Born and raised in Milwaukee, Rau attended Marquette University High School and received a bachelor's degree in math and economics from Boston College in 1970. He picked up an MBA from Harvard University in 1972. Rau began his career with the First National Bank of Chicago, where he developed an expertise in computer applications in banking and rose to become a vice president and general manager of trade finance and international banking. In 1979, he was hired to be the executive vice president and chief administrative officer at Chicago's Exchange National Bank, which was a second-tier bank among Chicago's financial institutions. Exchange National doubled in size in 1982 with the acquisition of Central National Bank. In 1981, Norman Bobins joined Exchange National after 15 years with American National Bank and Trust. Beginning in 1983, Rau and Bobins shared the No. 2 role at Exchange National Bank, with Rau serving as the bank's president and chief operating officer and Bobins as president of the bank's holding company. Both worked for the bank's chairman and CEO, Ira J. Kaufman. 'We were very complementary in our skills and it was a lot of fun,' Bobins said. Over the 10 years that Rau helped run Exchange, assets grew almost tenfold. In 1989, Rau and Bobins led the surprise $420 million sale of Exchange National to Dutch-owned LaSalle National Bank of Chicago. Rau stayed on as president and CEO of the combined $6 billion bank, which took on the name LaSalle National Bank. Upon the deal's announcement, Rau, then 41, reflected to the Tribune that he was 'not much of a career planner,' and conceded that early on, he had 'looked on banking as a boring profession where you couldn't make any money and had to be 50 before you could achieve anything.' Rau left LaSalle in 1991 for an academic post at Northwestern University's Center for Banking Research, where he was advisory committee chairman. He also was chairman of the Illinois Economic Development Commission and was an adviser to then-Gov. Jim Edgar. In 1993, Rau was named the dean of the Indiana University School of Business — now known as the Kelley School of Business. 'It was a case of serendipity,' he told the Tribune in 1993. 'I had been thinking, after two years of taking it easy, about trying to run something again. I thought it would be interesting to run a school of business.' During his time at Indiana, Rau launched a major capital-raising campaign and received approval from the state Higher Education Commission to fund the construction of a new graduate and corporate facility. Rau was 'a real-world corporate outsider, (and) many faculty bristled at his pragmatic and nontraditional approach to business education,' Kelley School of Business Dean Patrick Hopkins said. 'However, with the benefit of hindsight, even my most-reluctant colleagues can recognize and appreciate his profound influence on Kelley today.' Rau left Indiana in 1996 to become CEO and president of Chicago Title and Trust Co. What appealed to Rau about joining Chicago Title — then a 150-year-old business and the city's guardian of property records — was managing the Chicago-based firm through the kinds of changes in the real estate title insurance industry that were similar to those that previously had altered the banking industry. 'Customers are getting bigger and more national and demanding more sophisticated services and full-service national penetration,' he told the Tribune in 1996. 'The big companies are increasingly wanting one-stop shopping, not just for the title, but for all the pieces needed to close the transaction fast. Real estate has become a big part of the financial market now that it's more liquid and national, and it's a big challenge to figure out what that means for Chicago Title.' In 1997, Rau predicted that technology would change work radically and help make the idea of workplace location meaningless. The Tribune reported that Rau had written that he anticipated that future title company customers — the teenagers of the 1990s — one day would be so used to the internet and other electronic transactions that they 'won't want to pay for huge buildings, offices, plants, warehouses, branch offices, substations, corporate headquarters and stores.' In 1997, Chicago Title announced that it would be spun off as a stand-alone public company from New York-based Alleghany Corp. 'What we need to do strategically is to get everybody feeling and thinking like owners, and more focused on thinking about the company as a whole,' Rau told the Tribune in 1997. In 1999, Rau oversaw the sale of Chicago Title to Fidelity National Financial. He had quadrupled the firm's value in less than three years. 'For me, there are mixed feelings. I liked this; we had a team here,' Rau told the Tribune in 1999. 'But sometimes your goal is to block, and you don't get to cross the goal line, but they don't get there without you throwing the block.' Rau left Chicago Title after the company was sold, but he took on the role of chairman of the Chicago Title and Trust Co. Foundation. In 2001, Rau became chairman of the Chicagoland Chamber of Commerce. In 2002, Rau was hired as CEO of the Miami Corp. — now Miami Corporation Management — which is a single-family office that manages the affairs of industrialist and philanthropist William Deering's descendants. Rau retired from that role in 2023. 'Strategically, John was really exceptional,' Venable said. 'The combination of developing the team but also having a really keen strategic insight in being able to focus on the big picture and the organization well was something he excelled at.' Rau published a business book, 'Secrets from the Search Firm Files: What It Really Takes to Get Ahead in the Corporate Jungle,' in 1997. Rau also served on various corporate boards, including Southern Co., BMO Financial and First Industrial Realty Trust. In addition to his stepson, Rau is survived by his wife, Colette Evans Rau; a son, Michael; two daughters, Caroline Kingsley and Rebecca Rau; a stepdaughter, Olivia Johnson; three sisters, Mary, Nancy Rau Heckman and Catherine; two brothers, Jerry and Jamie; and six grandchildren. Services were held.
