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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 (AP) — A report from the Labor Department's inspector general says nearly 3,000 federal workers have filed compensation claims for contracting COVID-19 on the job. And that number is expected to double by early next month. Through mid-June, families of 48 federal workers also had filed death claims. The report only reflects the number of federal workers or their families who filed claims by June 16 — not the number who have contracted the coronavirus or died from it. Reports from individual agencies indicate the number of infections and deaths is much higher. The IG report is one of the first centralized assessments of the way the virus is affecting the federal workforce. 699

Volunteers from Wasdale mountain rescue team carry 121lb (55kg) St Bernard dog, Daisy from England's highest peak, Scafell Pike, Sunday July 26, 2020. The mountain rescue team spent nearly five hours rescuing St Bernard dog Daisy, who had collapsed displaying signs of pain in her rear legs and was refusing to move, while descending Scafell Pike. The Wasdale Mountain Rescue team rely on public contributions to their JustGiving.com/wasdalemrt page to fund their mountain safety efforts. (Wasdale Mountain Rescue via AP) 529
WASHINGTON (AP) — A report from the Labor Department's inspector general says nearly 3,000 federal workers have filed compensation claims for contracting COVID-19 on the job. And that number is expected to double by early next month. Through mid-June, families of 48 federal workers also had filed death claims. The report only reflects the number of federal workers or their families who filed claims by June 16 — not the number who have contracted the coronavirus or died from it. Reports from individual agencies indicate the number of infections and deaths is much higher. The IG report is one of the first centralized assessments of the way the virus is affecting the federal workforce. 699
WASHINGTON — The Justice Department is suing Walmart, alleging the company unlawfully dispensed controlled substances through its pharmacies, helping to fuel the opioid crisis in America. That's according to a person familiar with the matter who spoke to The Associated Press on Tuesday. The person says the civil complaint points to the role Walmart’s pharmacies may have played in the crisis by filling opioid prescriptions and by unlawfully distributing controlled substances to the pharmacies during the height of the opioid crisis. The lawsuit claims Walmart wanted to boost profits and pressured employees to fill prescriptions quickly, according to the Wall Street Journal. “Walmart knew that its distribution centers were using an inadequate system for detecting and reporting suspicious orders,” said Jason Dunn, the U.S. attorney in Colorado. “As a result of this inadequate system, for years Walmart reported virtually no suspicious orders at all. In other words, Walmart’s pharmacies ordered opioids in a way that went essentially unmonitored and unregulated.”Walmart operates more than 5,000 pharmacies in its stores around the country. The Justice Department’s action comes nearly two months after Walmart filed its own preemptive suit against the federal government. Walmart's lawsuit at the time claimed the Justice Department and Drug Enforcement Administration were trying to scapegoat the store for what Walmart says are the federal government's own regulation shortcomings, according to the Wall Street Journal. Walmart issued the following statement in response to the lawsuit: 1606
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