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Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's.In return, Walmart will receive ￡2.97 billion (.1 billion) in cash and a 42% stake in the combined business, the companies said in a statement on Monday.The deal values Asda at ￡7.3 billion ( billion), and creates a mega retailer with 2,800 stores and combined sales of roughly ￡51 billion ( billion).The sale of Asda follows Walmart's exit from Germany, its other major outpost in Europe, in 2006.Walmart could use the cash to fuel its expansion in other international markets. The US retailer is reportedly close to agreeing to invest in India's Flipkart, an online retailer that has also attracted attention from Amazon."This proposed merger represents a unique and bold opportunity, consistent with our strategy of looking for new ways to drive international growth," Judith McKenna, the CEO of Walmart International, said in a statement.The combination with Asda will give Sainsbury's more firepower as it confronts digital competitors including Amazon and aggressive discount chains, such as Germany's Lidl and Aldi.It also creates a new UK market leader: Sainsbury's and Asda together control over 31% of the grocery market, according to Kantar Worldpanel. The current industry front runner, Tesco, has nearly 28%.Regulators will have a close look at the deal, but the geographical distribution of Sainsbury and Asda stores could limit concerns over reduced competition.Upmarket Sainsbury's is strong in southern England, while Asda, which tends to have larger stores and lower prices, is well represented in the north. Together, the supermarket chains employ 330,000 people.The UK Competition and Markets Authority last year approved Tesco's takeover of wholesaler Booker, saying the deal would not reduce competition in the sector, which is known for its razor-thin margins and frequent price wars. 1929

Want to see 16 sunrises in one day? Float in zero gravity? Be one of the few to have gazed upon our home planet from space?In just four years' time, and for an astronomical .5 million dollars, it's claimed you can.What's being billed as the world's first luxury space hotel, Aurora Station, was announced Thursday at the Space 2.0 Summit in San Jose, California.Developed by US-based space technology start-up Orion Span, the fully modular space station will host six people at a time, including two crew members, for 12-day trips of space travel. It plans to welcome its first guests in 2022."Our goal is to make space accessible to all," Frank Bunger, CEO and founder of Orion Span, said in a statement. "Upon launch, Aurora Station goes into service immediately, bringing travelers into space quickly and at a lower price point than ever seen before."Astronaut experienceWhile a million trip is outside the budget of most people's two-week vacations, Orion Span claims to offer an authentic astronaut experience.Says Bunger, it has "taken what was historically a 24-month training regimen to prepare travelers to visit a space station and streamlined it to three months, at a fraction of the cost."During their 12-day adventure, the super-rich travelers will fly at a height of 200 miles above the Earth's surface in Low Earth Orbit, or LEP, where they will witness incredible views of the blue planet.The hotel will orbit Earth every 90 minutes, which means guests will see around 16 sunrises and sunsets every 24 hours.Hometown heroActivities on board include taking part in research experiments such as growing food while in orbit -- which guests can take home for a super-smug souvenir -- and soaring over their hometown.Guests can have live video chats with their less-fortunate loved ones back home via high-speed wireless Internet access and, upon return to Earth, will be greeted with a specially arranged hero's welcome.While enjoying the thrills of zero gravity, the travelers will be able to float freely through the hotel, taking in views of the northern and southern aurora from the station's windows.Deposits are already being accepted for future stays on the space hotel. The ,000 is fully refundable, should applicants find themselves unable to rise to the full .5 million.Travelers will complete a three-month Orion Span Astronaut Certification (OSAC) program before take-off. Orion Span has a team of space industry veterans who together have more than 140 years of human space experience.Chartered tripsOrion Span isn't the only venture boldly pushing the frontiers of elite travel into space.Axiom Space, a Texas-based company with a former International Space Station manager at the helm, has plans to put a commercial space station in orbit by 2024.It says it will begin to take tourists to the ISS in 2019 and later to its own station.As yet, Axiom hasn't priced its off-world excursions, but says it'll be considerably lower than the tag paid by previous space tourists like Dennis Tito, who stumped up a reported million for a seven-day trip in 2001.Virgin Galactic, founded by Richard Branson with the aim of taking passengers briefly into sub-orbital space, will charge for 0,000 for its trips. Branson originally said flights would begin in 2009, but an official date has yet to be set for its maiden voyage.Whatever the price tag, the tourist demographic with spare cash for space jaunts is presumably quite small.However, Bunger says that Aurora Station "has multiple uses beyond serving as a hotel."It plans to offer fully chartered trips to space agencies and support zero gravity research and space manufacturing.Adds Bunger: "Our architecture is such that we can easily add capacity, enabling us to grow with market demand."Orion Span's next mission? To launch the world's first condominiums in space.The-CNN-Wire 3876

Walmart said they would stop selling "All Lives Matter" merchandise after customers and employees raised concerns about the products.RELATED: Walmart facing backlash for selling 'All Lives Matter' t-shirt 212

WASHINGTON — President Donald Trump aims to take credit for the speedy development of forthcoming coronavirus vaccines, even as his administration is coming under scrutiny for failing to lock in a chance to buy millions of additional doses of one of the leading coronavirus vaccine contenders this summer.That decision could delay the delivery of a second batch of doses until manufacturer Pfizer fulfills other international contracts.The revelation was first reported by the New York Times and later confirmed to the Associated Press by people familiar with the matter.Earlier this year, Pfizer agreed to make 100 million doses of its COVID-19 vaccine — enough to inoculate 50 million Americans — and gave the federal government the option to purchase up to five times as many doses. Then, this summer, Trump administration officials reportedly declined an offer to purchase 100 million more doses of the Pfizer vaccine.According to the Times, Pfizer must now also fulfill hefty orders from other countries — notably, an order for 200 million doses from the European Union — before making more doses for the U.S.In a statement, the Department of Health and Human Services said it was confident that Pfizer would be able to fulfill it's current 100 million dose order, and pointed to the fact that several other vaccine candidates are near approval — including one from Moderna, which could be approved by the end of th month.“We are confident that we will have 100 million doses of Pfizer’s vaccine as agreed to in our contract, and beyond that, we have five other vaccine candidates, including 100 million doses on the way from Moderna,” an HHS spokesperson said in a statement to the Times.The reports came on the eve of Trump’s plans to host a White House summit on Tuesday, aimed at celebrating the expected approval of the first vaccine later this week.At that event, Trump plans to sign an executive order aimed at prioritizing the supply of U.S. vaccines for Americans — though the order does not appear to have legal sway, according to the New York Times.Officials from President-elect Joe Biden’s transition team were not invited to Tuesday's event at the White House, despite the fact that the Biden administration will handle the bulk of the distribution work. 2281

WASHINGTON — Public health guidance to avoid big parties in the age of coronavirus is about to collide with the swearing-in of a new president. There are also reports President Donald Trump may use his last morning in office to plan a send-off and possibly a rally.With lots of details to be worked out, this year's event honoring President-elect Joe Biden is sure to be more subdued than prior inaugural days.Trump has not publicly said whether or not he will attend the swearing in on January 20, as traditionally the outgoing president has done before welcoming the new president to the White House. Aides have not speculated what he plans to do.Trump may plan a “made-for-TV” moment on his last day in office, according to Axios. Sources say Trump is considering a White House departure on Marine One and a final Air Force One flight to Florida to attend a political rally.There is some speculationTrump will announce a presidential campaign run in 2024 on Inauguration Day, according to NBC News.Meanwhile, Biden this week has named top Democrats to the committee putting the day’s events together, including Representative James Clyburn, Michigan Gov. Gretchen Whitmer and Los Angeles Mayor Garcetti.A giant parade down Pennsylvania Avenue isn't likely. Fancy balls may morph into virtual events. The traditional luncheon where lawmakers offer best wishes to the new president might not include food this year.As for the swearing-in itself, the inaugural platform on the Capitol’s West Front is going up just like always, but it probably won’t be as crowded. Some estimate the platform will hold fewer than 1,600 people, all wearing masks and socially distant.The choir that typically sings behind the new president may not happen, however the Marine Band, which has played at every inauguration since 1801, is still scheduled to participate.Aides working to plan the day’s events say perception matters, and holding indoor events, including food and drink, could send the wrong message to Americans who have been repeatedly told to limit gatherings and wear masks. 2079