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CocoLife has been awarded a $100,000 grant from CVS Health to improve Black maternal health outcomes. CocoLife — a nonprofit founded by Alexia Omega Doumbouya in July 2019 — offers support through maternal health groups, one-on-one doula visits, and 24/7 doula assistance for mothers until they are 12 weeks postpartum, according to information shared with AFROTECH™. The need to support women in maternal health was inspired by a lived experience. According to The Philadelphia Citizen, Doumbouya had difficulties following the birth of her daughter in 2011, leading her to experience severe postpartum depression, psychosis, and anxiety. “I had this baby, and six weeks later I was expected to go back to work. And I just kept thinking How am I supposed to do this,” she explained, per the outlet. As time went on, she recognized other women had also faced challenges in their pregnancy journeys. This prompted her to become a trained certified doula prior to kickstarting CocoLife, which began...
CVS Health expects to cut close to 3,000 jobs in efforts to cut costs, according to their annual report . The drug store and pharmacy chain reports struggling due to reimbursement rates for prescription drugs. The franchise has also been impacted by customers purchasing snacks and household items from other retailers such as Amazon, Walmart, Target and dollar-value stores. In an effort to curb their losses, the company has committed to a multi-year initiative to achieve $2 billion in cost savings. This year’s layoffs represent less than 1% of the company , although last year they announced that they would be laying off approximately 5,000 employees and closing around 900 stores between 2022 and 2024. The company also plans to incorporate more artificial intelligence via robotics into its operations. Despite their efforts to further reduce costs and improve the shopper experience, here’s how the CVS layoffs will affect employees and customers. How Will The CVS Layoffs Affect...
At the top of 2022, Mark Cuban first announced the launch of The Cost Plus Drug Company. As previously shared by AFROTECH, the online pharmacy sells generic drugs such as those for HIV, birth control, migraines, and more, at affordable prices. Additionally, no intellectual property deals or insurance companies are involved, and consumers pay with all cash for the medication based on what it costs to make and an additional 15% to cover overhead.
CVS Health is following through with its commitment to social justice and racial equity in America with its latest educational initiative. Last week, CVS Health Foundation announced the launch of a five-year, $5 million scholarship program in collaboration with the United Negro College Fund (UNCF) — the nation’s largest minority education organization advocating for minority education — to help Black and brown college students pursue an academic career in healthcare. The new initiative — called the CVS Health Foundation Health Care Careers Scholarship program — is a part of CVS Health’s nearly $600 million plan to properly address racial inequity for disenfranchised communities over the next five years, a press release shares. “This scholarship will feed a robust pipeline of under-represented students, which will in turn strengthen the pool of talented college graduates ready for today’s and tomorrow’s workplace,” said David Casey — Senior Vice President and Chief Diversity Officer...
A new venture has launched to amplify Caribbean founders. Caribbean Venture Collective Caribbean Venture Collective — founded by Daniel Smith (Keepingly) and Mita Carriman (Adventurely), both Techstars alumni of Caribbean descent — has launched to help founders realize their full potential, a ccording to a news release shared with AFROTECH™ . Entrepreneurs will be supported across eight impact verticals: travel/hospitality tech, logistics and supply chain, proptech, agritech, climate tech, fintech, healthtech, and edtech. The move will also help to improve a region that spans over 30 countries and territories, with a combined population of more than 40 million. “Having been a founder in Trinidad and then moving to The U.S, realizing that one of the biggest issues that most founders face is around funding and being able to have access to funding and understand the market sizes, etc… What we’re doing is to ensure that we build a pipeline,” Smith told AFROTECH™. “One of the biggest...
UnitedHealth Group, a longtime healthcare powerhouse, just took a brutal hit, missing earnings expectations and slashing its 2025 outlook. The company’s stock dropped rapidly Thursday morning, April 17, and it wasn’t just a blip — this was a full-on market reaction to what many are now calling a crisis moment. At the center of it all? A shaky Medicare business, a leadership shakeup, and the long shadow of a massive cyberattack. For years, UnitedHealth was considered untouchable on Wall Street. But now, the once-steady giant is showing signs of severe strain. Medicare Misfire Rattles Confidence In The Insurance Giant Investors didn’t just flinch — they ran. According to The Wall Street Journal, UnitedHealth stock tumbled about 18% in early trading, pulling other major healthcare players like Humana and CVS Health down. What happened? The company’s Medicare Advantage division, which manages benefits for older and disabled Americans, faces deeper issues than previously disclosed....
Entreprenuership is a risk that Monique Rodriguez was willing to take on. Business Risks Rodriguez is the co-founder of haircare brand Mielle Organics, which she launched with the help of her husband, Melvin. She shares on the “Black Tech Green Money” podcast, hosted by AFROTECH™ Brand Manager Will Lucas, that her earliest risk in her entrepreneurship journey was walking away from a stable position as a registered nurse. Melvin also took a leap, leaving his corporate role. Together, they trusted in what they believed was a vision from God and created a blueprint that ultimately led to success. “We didn’t just leave our jobs and say, ‘Oh, we don’t have a plan in place or we don’t have income.’ We had to have a solid plan in place to map out how we were going to get some type of income to still keep our bills afloat and food in our kids’ mouth. So we had to plan that out. But it was a huge risk of the unknown, of both of us turning away from our jobs,” Rodriguez mentioned on the...
Tariffs on imported goods imposed by President Donald Trump will impact small business owners. AP News reports that the Trump administration has announced new tariff policies, including a 34% tax on imports from China, a 20% tax on imports from the European Union, and a 10% baseline tax on most imports. According to a press release from the White House, the 10% baseline will take effect at 12:01 a.m. EDT on April 5, 2025, while the countries with higher tariff rates will have to comply by at 12:01 a.m. EDT on April 9, 2025. Trump hopes to restore balance to global trade and believes imposing these tariffs will lead to billions in revenue for the U.S., AP News notes. “I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world. Reciprocal, that means they do it to us and we do it to them… This is one of the most important days in my opinion in American history,” Trump said during a “Make America Wealthy Again” event on April 2, according to...
Black Economic Alliance Entrepreneurs Fund has reached the halfway point of its funding goal. The fund was launched by the Black Economic Alliance Foundation, which is led by Executive Vice President Alaina Beverly, to create generational wealth for the Black community, working alongside public, private, and social sectors to accomplish this goal, its website notes. Samantha Tweedy is CEO of the coalition behind this effort, Black Economic Alliance, which is made up of “business leaders and aligned advocates.” In 2021, the Washington, DC-based foundation established the Black Economic Alliance Entrepreneurs Fund LP to further its mission and has since onboarded venture capitalist Melissa Bradley, to lead its investment strategy, according to The Business Journals. Bradley was previously recognized as a AFROTECH™ Future 50 Dynamic Investor and founded 1863 Ventures, which provided business development programs, coaching, mentorship, and access to capital primarily for new...
Virginia Union University (VUU) students can become certified doulas on campus, making it the first historically Black university in the state to offer such a class. On Tuesday, March 18, 2025, the private, Richmond, VA-based HBCU announced a partnership with the birth center Birth In Color and the Virginia Department of Health (VDH) to launch a six-month doula training certification program, according to WRIC Channel 8. VUU’s announcement came just ahead of World Doula Week, which runs from March 22 to March 28, 2025. In an interview with AFROTECH™ , Mama Glow Foundation founder Latham Thomas described a doula as a birth “producer” who provides emotional and physical support, education, and advocacy tools during childbirth. While some people view doulas as less educated or non-compliant, Thomas noted that they are just as important as other healthcare professionals, especially in a society where women, particularly Black women, are expected to advocate for themselves. “Black women...
Unrivaled, a 3-on-3 women’s basketball league, is leveraging technology to improve the health and wellness of its players. The 3-on-3 league founded in 2023 by WNBA stars Napheesa Collier and Breanna Stewart has been backed by Samsung, its official technology and presenting partner. According to a press release, Samsung is providing the league with technologies such as its Galaxy S Series, Z Series smartphones, headphones (Galaxy Buds), tablets featuring Galaxy AI, monitors, and wearables (Galaxy Watch and Galaxy Ring). “We’re a new league,” Unrivaled President Alex Bazzell told AFROTECH™ . “There’s a lot of innovation involved. There’s a lot of unknowns involved, and we’re trying to kind of push the envelope forward and having Samsung be a part of that innovation with what they’re already doing. Obviously, it’s a pretty seamless partnership for us.” Collier’s Most-Used Technology As An Athlete Collier — who was named Unrivaled’s first MVP — said she mostly utilizes the Galaxy Ring,...
On the first day of the new Trump administration, the President issued an executive order to revoke several DEI (Diversity, Equity and Inclusion) protections. This policy change enabled companies across the country to eliminate DEI hiring practices, protections and related incentives. As a result, many prominent businesses revealed that their commitment to DEI had largely been driven by legal requirements rather than genuine support. While some companies, such as Costco, Apple and Delta Airlines, have maintained a strong commitment to supporting marginalized communities , numerous others in the tech, automotive and grocery sectors have removed DEI frameworks from their policies. Given the growing importance of DEI to a significant portion of the American public, consumers are increasingly making more informed choices about where they spend their money. In fact, many have begun to consider boycotting businesses that do not align with their values. For those who prioritize DEI, we...
Beatrice Dixon does not want to police how shoppers spend their dollars, but she acknowledges the risks of neglecting business owners on shelves. Dixon is the co-founder, CEO, and chief innovation officer of The Honey Pot Company, which is a plant-based feminine-care company that sells washes, wipes, and pads. As AFROTECH™ previously told you, she experienced chronic vaginal issues, which prompted her to create a vulva-safe formula that she grew into a business in 2014 with the support of a $21,000 loan. The company scaled to more than 33,000 stores across the nation, including retailers like Target, Walmart, CVS, and Walgreens. In January 2024, the company was acquired by Compass Diversified in a deal valued at $380 million. Dixon maintains a significant minority stake in the business. Part of The Honey Pot Company’s success can be attributed to its strong presence in retail stores. However, there is a shift among consumers to be more strategic about where they spend their dollars...