Tipsheet: WM Labs +2,800 India | Cornell @ CBS | Trump Meets Retail CEOs
TODAY: Target CEO appears on CBS This Morning to discuss the safety protocols in the stores and how he is addressing concerns from workers 5:16 video
GOP Sen. Hawley asks DOJ to open a criminal investigation into Amazon at CNBC. “In his letter to Attorney General William Barr dated Tuesday, Hawley said the Journal’s reporting appears to meet the definition of a punishable crime under antitrust law. “Amazon abuses its position as an online platform and collects detailed data about merchandise so Amazon can create copycat products under an Amazon brand,” he wrote.” Read more
YESTERDAY: President Trump opened up a 4 p.m. meeting with industry executives to the smaller White House press pool.
…THE PARTICIPANTS in the 4 p.m. event included: Walgreens President Richard Ashworth…Rite-Aid CEO Heyward Donigan…Walmart CEO Doug McMillon; CVS CEO Larry Merlo; CVS EVP Tom Moriarty…” Politico
Walmart Labs will hire 2,800 in India this year at The Times of India. Read more
NO CASH PLEASE – Whole Foods stores restricting or even eliminating cash payments at Fortune. Subs.
Kroger Health Expands Free Drive-Thru COVID-19 Testing to 12 States Press release
CVS and UPS team up for drone deliveries to retirees amid coronavirus outbreak at GeekWire. “The service, approved by the Federal Aviation Administration under Part 107 rules, will be available for The Villages, a community in central Florida that’s home to more than 135,000 residents.” Read more
Walgreens today announced plans to open COVID-19 testing locations in 49 U.S. states Press release
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Target’s Brian Cornell made $21.6 million last fiscal year at Star Tribune. “The majority of Cornell’s compensation came from previously issued restricted stock awards that vested in the last fiscal year.” Tiered subs.
Retail Tenants, Landlords Clash Over Proposed Pandemic Rent Clauses at The Wall Street Journal. “Most retail leases limit a tenant’s ability to claim a rent abatement based on business interruption or force majeure clauses, which either exclude pandemics or don’t relieve a tenant from paying rent. Tenant lawyers say they are insisting these clauses become a part of new leases.” WSJ subs.
Sam’s Club makes $1 million donation to small business support fund at Talk Business. Read more
N.Y. Looks to Mandate Hazard Pay for Retail Workers at Progressive Grocer. “The New York City Council is considering legislation that could send shock waves through the food retail industry…The “Essential Workers’ Bill of Rights,” introduced last week, would force food retailers with more than 100 workers to give hourly employees an extra $30 to $75 per shift during the COVID-19 pandemic. The measure would also expand paid sick leave coverage for grocery delivery workers.” Read more
The secret group of scientists and billionaires pushing a Manhattan Project for COVID-19 at the Wall Street Journal via Fox Business. “The eclectic group is led by a 33-year-old physician-turned-venture capitalist, Tom Cahill, who lives far from the public eye in a one-bedroom rental near Boston’s Fenway Park. He owns just one suit, but he has enough lofty connections to influence government decisions in the war against Covid-19.” Read more
Tipsheet Extra
Piglets aborted, chickens gassed as pandemic slams meat sector
Consumer tech sales have increased 23 percent year-over-year
Amazon faces lawsuit over Chinese battery that allegedly burned down a garage
French PM: high school students will have to wear masks
Who’s liable if workers get sick as economy reopens?
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