The US has requested that a World Trade Organization investigation of complaints about China's intellectual property practices be suspended until Dec. 31. The US and China have agreed to suspend action on the dispute after China revised or repealed rules the US had complained about, a source says.
Retailers are combining their brick-and-mortar stores with e-commerce to generate greater sales. A study by Internet Retailer found that the companies most effective at using both stores and e-commerce are, in order, Walmart, Target, Home Depot, Best Buy, Macy's, Dick's Sporting Goods, Kohl's, Nordstrom, Lowe's and J.C. Penney.
Key takeaways from Snap's 70-page "Into Z Future" report on Generation Z include that 55% say social apps and digital content provide a more creative experience than the physical world. The report also found that 56% use social to express themselves creatively and 49% seek inspiration from social.
Walmart is hoping to boost its credibility with shoppers by selling its own Angus beef. "This became a really important priority for the company," says Scott Neal, Walmart's senior vice president of meat, adding that meat is an important driver for customers.
Philips surveyed more than 3,100 health care professionals in 15 countries and found those who don't share patient data, both inside and outside their facilities, cite lack of access to data sharing systems, preference for traditional formats, concerns about privacy and security, and lack of interoperability.
Media buyers and advertising tech firms are focusing their digital ad spend on trusted platforms such as Facebook and Google to ensure compliance with the yet-to-be-finalized General Data Protection Regulation and avoid potential fines, according to a Wall Street Journal report. "GDPR has tended to hand power to the big platforms because they have the ability to collect and process the data," says WPP CEO Mark Read, adding it has "entrenched the interests of the incumbent, and made it harder for smaller ad-tech companies, who ironically tend to be European."
Kohl's is launching apparel for children with special needs, with an eye on style as well as utility, the retailer said. "We have made every effort to ensure that the product looks as close to our core line as possible," said Kara Smoltich, associate product manager for Jumping Beans, one of three house brands to feature the new clothing.
Qualcomm, Intel and other US chip manufacturers are reportedly lobbying the US government to lift restrictions that ban sales to the world's largest telecommunications equipment company, Huawei. The US prohibited sales to Huawei because of what it said were national security issues.
Pfizer announced Monday that it plans to purchase oncology drug manufacturer Array BioPharma for $11.4 billion, and the news sent shares of other companies in the cancer therapeutics space higher. The move indicates more deals will be forthcoming, according to Jefferies strategist Jared Holz.
AT&T will compete for streaming video customers by dipping into its huge library of content to provide more programming choices to consumers, said John Stankey, the CEO of AT&T's WarnerMedia arm who is charged with consolidating the telecom's various media pieces. Toward that end, AT&T put WarnerMedia Entertainment Chairman Bob Greenblatt in charge of Otter Media, the company's collection of digital services.
By 2025, the roofing market in the US and Canada will be worth $47.5 billion, up from $29.9 billion in 2017, an Allied Market Research report finds. Roofing membrane will likely continue to be the largest segment of the market, although metal roofing will gain ground.
Elon Musk on Wednesday said that Tesla's Solar Roof tiles will be manufactured at a slower rate to ensure they last as long as expected. Musk's comment came as his company reported a reduction in solar installations.
Southwest Airlines is cancelling flights involving its 34 Boeing 737 Max planes for the rest of the summer travel season. The airline said it is eliminating the flights in advance to avoid last minute cancellations and passenger inconvenience.
United Airlines is launching its ConnectionSaver tool that will use algorithms to determine from passenger flight information and other relevant data which connections are likely to be missed and then automatically hold the connecting flight if enough cushion exists in that flight's schedule. ConnectionSaver will text customers their next gate number, directions and time to reach the gate.