The asset management industry is currently facing an era of rapid transformation that has the potential to change it out of all recognition. For many fund management firms, there will be a choice between embracing such change, or becoming redundant. We have already seen similar revolutions in other sectors: Amazon has completely re-written the rules of the book retailing world, Netflix has put the video store out of business, and Uber is in the process of revolutionizing the way we use taxis. For many businesses in these sectors, there was a hard choice to be made – adapt or die. Such revolutions tend not to emerge from the established companies that dominate sectors. In my father's business, airlines, the dominant players hoped to shield themselves through established practices that made it tougher for upstarts to change the way the aviation industry served its clients: the rise of the low-cost airline has forced airlines to adapt, many of them launching their own low cost carriers.

I'm sure you agree that time is the most precious commodity that none of us can afford to waste. In business, as in life, mastering time management is incredibly important. Clogged and cluttered inboxes drain valuable time and distract you from focusing on what really matters: your work. I've recently tried and tested a number of email tools and techniques in a bid to reclaim valuable time from my working day. As a result, I've genuinely been able to save an hour each day from tedious admin tasks and put that time to much better use.

If you're going to unveil a new messaging app, it had better do something unique. At this point, finding a place amongst entrenched options like Facebook Messenger, WhatsApp and iMessage is not an easy task. Google didn't quite pull it off with Hangouts when it launched in 2013. Sure, it's installed on basically every Android phone out there and anyone with a Gmail account has probably tried it, but Google's messaging strategy never quite came together in a compelling or clear way. So Google is rebooting yet again with Allo, a mobile-only messaging app that leverages the company's biggest strengths in an effort to stand out from the pack.

Wells Fargo CEO testifies, GoPro announces new drone, fast-food chain antibiotics report, and LAUSD considers starting school later. Wells Fargo CEO testifies, GoPro announces new drone, fast-food chain antibiotics report, and LAUSD considers starting school later. Warning, this video contains graphic content: Tulsa police released several police car and helicopter videos Sunday after Terence Crutcher, an unarmed 40-year-old black man, was fatally shot by a white police officer on Friday. Warning, this video contains graphic content: Tulsa police released several police car and helicopter videos Sunday after Terence Crutcher, an unarmed 40-year-old black man, was fatally shot by a white police officer on Friday.

For California state officials, the new federal guidelines on testing and deployment of driverless cars come as a bit of a relief. Until this week, the absence of U.S. government guidance had left the state Department of Motor Vehicles -- generally in charge of registering vehicles and issuing drivers' licenses -- to take the lead role in drafting regulations to ensure the safety of self-driving vehicles. Though the federal guidelines issued Tuesday are short on specifics, the Department of Transportation will take responsibility for regulating the driving hardware and software, and it has devised a model state policy that probably will take the pressure off individual state agencies. That policy, issued jointly by the Department of Transportation and the National Highway Traffic Safety Administration, could result in changes to current California draft regulations on autonomous vehicles. "You can imagine how the California DMV would be struggling, with no technological background or engineers at their disposal, trying to figure out whether a particular autonomous vehicle is or is not safe enough to be deployed," said Robert Peterson, a law professor at Santa Clara University.

U.S. stocks inched higher Tuesday in another cautious day of trading as investors kept an eye on central banks in the U.S. and Japan. Healthcare and household goods companies led the way, while energy companies slipped. Major market indexes were higher all day but returned most of those gains at the close of trading. They rose just enough to cancel out Monday's small losses. Drug companies helped healthcare stocks make modest gains, while Exxon Mobil fell on reports that it's being investigated by securities regulators.

US consumers are getting more comfortable using mobile devices to manage their health, a new study finds. Even in the face of privacy concerns, Americans are increasingly sharing medical information, sending photos to their doctors, using fitness or activity trackers, and using AI to become active players in their healthcare. Ketchum conducted an online survey of 2,000 smartphone-owning Americans earlier this year, and found close to 58 percent of this group uses their phone to communicate with a medical professional. Almost half of respondents have a fitness, health or medication-tracking app, and 83 percent of people who use fitness or workout apps do so at least once per week. Of course, not everyone loves health apps – about a quarter of survey respondents said health and fitness tracking apps have made them feel bad, with 21 percent ending use of the apps.

Ahmad Khan Rahami, the man suspected of planting a series of bombs in New York and New Jersey over the weekend, praised Anwar Awlaki in handwritten notes found on his person after he was wounded in a shootout Monday. FBI agents recovered a notebook from Rahami after he was wounded by police in Linden, N.J., a U.S. official told the Los Angeles Times. In the notebook, Rahami describes his affinity for Awlaki, the American-born Islamic cleric who became a leader of Al Qaeda in Yemen. Awlaki was killed in a CIA drone strike in 2011, but his legacy has spread among jihadists thanks to online audio and video sermons. The notebook also contained ramblings about the Boston Marathon bombers, the official said.

The U.S. Department of Transportation released long-awaited guidelines Tuesday for the testing and deployment of self-driving vehicles, giving manufacturers and researchers some clarity for the future, but providing only a vague sense of the federal government's exact responsibilities. At a Tuesday morning news conference, U.S. Transportation Secretary Anthony Foxx described the 116-page policy document as "the most comprehensive national automated vehicle policy that the world has ever seen." However, he added that the policy is a "living document" and leaves room for "more growth and changes in the future." "One of reasons we take great pains not to be so prescriptive" is because the technology is "dynamic" and changing fast, he said, so the government needs to be "flexible." In the document, the National Highway Transportation Safety Administration emphasized that it did not intend to write the "final word on highly automated vehicles" with these guidelines.

Machine learning can predict strains of bacteria likely to cause food poisoning outbreaks, research has found. The study – which focused on harmful strains of E. coli bacteria – could help public health officials to target interventions and reduce risk to human health. Researchers at the University of Edinburgh's Roslin Institute used software that compares genetic information from bacterial samples isolated from both animals and people. The software learns the DNA signatures that are associated with E. coli samples that have caused outbreaks of infection in people. It can then pick out the animal strains that have these signatures, which are therefore likely to be a threat to human health.