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Walmart has agreed to buy India's leading online retailer Flipkart, paying billion for a controlling stake of 77%.Flipkart gives Walmart access to a market it has been trying to crack for years. Foreign investment regulations have thus far prevented the Arkansas-based retailer from opening stores in India, restricting it to operating 21 wholesale distribution outlets."India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market," Walmart CEO Doug McMillon said in a statement.The deal is subject to regulatory approval.SoftBank CEO Masayoshi Son, whose company is one of Flipkart's biggest investors, let news of the deal slip earlier on Wednesday while presenting his company's earnings.SoftBank invested .5 billion in the Bangalore-based company last year. Son said that the sale to Walmart valued SoftBank's stake at billion.Many of Flipkart's other investors will retain stakes in the company, including co-founder Binny Bansal, Chinese tech giant Tencent and Microsoft, Walmart said in a statement. Walmart's interest in investing in the Bangalore-based firm was first reported in 2016, and a deal boosts its firepower in a battle with Amazon in the world's fastest growing major economy.Amazon has long considered India one of its most important overseas markets.Amazon CEO Jeff Bezos has committed to investing at least billion in his company's India business, saying in 2016 that he saw "huge potential" in the country. Amazon has introduced its Prime video and music services in India in its effort to challenge Flipkart, as well as its annual Prime Day blockbuster sale.Flipkart now has an even bigger war chest to fend off Amazon in an e-commerce market that Morgan Stanley estimates will be worth 0 billion by 2026. The Indian firm could also speed up its expansion into groceries, an area that has already pitted Amazon against Walmart in the United States.Amazon may have been trying to spoil Walmart's plans until the very last minute. Indian media reported in early May that it made a counteroffer to buy Flipkart. 2223
WASHINGTON — As COVID-19 cases skyrocketed before the Thanksgiving holiday weekend, the coordinator of the White House coronavirus response warned Americans to “be vigilant” and to limit celebrations to “your immediate household.” For many Americans that guidance has been difficult to abide, including for Dr. Deborah Birx herself. The day after Thanksgiving, Birx traveled to one of her vacation properties on Fenwick Island in Delaware. She was accompanied by three generations of her family from two households. Kathleen Flynn, whose brother is married to Birx's daughter, told the Associated Press she came forward about the travel out of concern for her own parents, and acknowledged there was family friction over the incident. Birx confirmed to the Associated Press she traveled to the Delaware property, but declined to be interviewed for the report. The Centers for Disease Control and Prevention has asked Americans not to travel over the holidays and discourages indoor activity involving members of different households.Birx joins a growing list of high-profile leaders on the federal and state level who have been criticized for appearing to disregard their own rules and warnings for slowing the spread of the coronavirus. Most notably, California Governor Gavin Newsom, who is facing a recall effort in his state after he was seen inside a posh restaurant after telling people to avoid socializing. 1423

Walmart is looking to go green by 2040.The world's largest retailer announced they plan to electrify and eliminate emissions from all of its vehicles, including long-haul trucks. They also want to transition to low-impact refrigerants for cooling and powering its equipment to heat its stores, clubs, and data and distribution centers to reach zero emissions."We want to play an important role in transforming the world's supply chains to be regenerative. We face a growing crisis of climate change and nature loss, and we all need to take action with urgency," Doug McMillon, President and CEO of Walmart, said in the release. "For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste, and people. The commitments we're making today not only aim to decarbonize Walmart's global operations, they also put us on the path to becoming a regenerative company – one that works to restore, renew and replenish in addition to preserving our planet, and encourages others to do the same." By 2030, the company added they plan to manage at least 50 million acres of land and one million square miles of ocean to "help combat the cascading loss of nature threatening the planet."And by 2035, the company said they plan to harvest enough wind, solar and other renewable energy sources to power its facilities with 100% renewable energy. 1419
WARREN, Michigan — Police are looking for thieves who stole nine brand new Dodge Ram pickup trucks in a Michigan town.The vehicles were stolen just before 4 a.m. local time Thursday. They were taken from the storage lot at the truck plant in Warren.Police say the trucks were fresh off the assembly line and had not been titled yet.The trucks are worth more than ,000 each. Authorities have not said whether there are suspects or if they have an idea of where the trucks may be. 505
WARREN, Michigan — Police are looking for thieves who stole nine brand new Dodge Ram pickup trucks in a Michigan town.The vehicles were stolen just before 4 a.m. local time Thursday. They were taken from the storage lot at the truck plant in Warren.Police say the trucks were fresh off the assembly line and had not been titled yet.The trucks are worth more than ,000 each. Authorities have not said whether there are suspects or if they have an idea of where the trucks may be. 505
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