Stories are chosen and told in a way to satisfy the narrowest of audiences, rather than to allow a curious public to read about the world and then draw their own conclusions. I was always taught that journalists were charged with writing the first rough draft of history. Now, history itself is one more ephemeral thing molded to fit the needs of a predetermined narrative.
-- Bari Weiss
If this is the actual size of Amazon's smart shopping cart, I'm going to be making half a dozen trips out to unload it, in the car. Still, that might just be preferable to standing in the checkout line!
Diageo and Pilot Lite have launched a sustainable packaging company called Pulpex Ltd to develop the paper bottle and collaborate on research and development...Pulpex will also create branded paper-bottles in non-competing categories for companies including Lipton team (sic) maker Unilever Plc and soda maker PepsiCo, which are also expected to launch next year.
-- Siddharth Cavale, Reuters
Qualcomm has become the newest high-profile backer of four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors...Facebook, Silver Lake, General Atlantic, Intel are some of the firms that have backed Jio Platforms
-- Manish Singh, TechCrunch
The retailer plans to unveil Walmart+ in July, a $98 per year service that includes same-day delivery, fuel discounts and other perks
-- Jordan Valinsky, CNN Business
It wasn't that long ago when everybody was predicting the demise of Netflix, as newcomers like Disney and Apple came online. Getting people to jump ship from a trusted brand is not easy, and the perceived value from a second annual subscription is, by default, lower than the one that people are already using (and happy with).
The amount of consumer revolving credit, which is mostly credit cards, plunged by another $24 billion in May, the Federal Reserve said Wednesday. This costly form of debt is down more than $100 billion since hitting a record high in February and is now below $1 trillion for the first time in nearly three years.
-- Matt Egan, CNN Business
Chinese students have become an important source of revenue for UK universities, representing almost a quarter of all overseas students - and Queen's University Belfast is chartering a plane to bring students from China this autumn.
-- Sean Coughlan, BBC
Almost 90 percent of beer sold in most places in America is handled by distributors whose primary customer is one of the two big brewers, giving AB InBev and Molson Coors outsize control over which beers appear on bar taps and in retail coolers.
-- Ron Knox, Slate
Facebook, Google, and others will now have to operate within rules set by the Communist Party of China if they want to stay in Hong Kong. If they do that, they will likely face a backlash back at home among their employees and US lawmakers. If they don’t, they lose out on getting any foothold at all within the biggest online market in the world.
-- Charlotte Jee, MIT Technology Review
By the end of this year, Dunkin' will close approximately 450 locations in Speedway gas station convenience stores, a move that was first announced in February, the company confirmed to USA TODAY on Tuesday.
-- Kelly Tyko, USA TODAY