Alibaba boasts over $70 billion sales as first post-virus Singles’ Day nears end at Reuters. “The world’s biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spans four main days this year, and so far has brought sellers 20 times as many orders by value than Amazon.com Inc’s two-day global Prime Day last month.” Read more
…overshadowed by 10% stock plunge as China proposes new regulation at CNBC. “Beijing released draft rules on Tuesday that, for the first time, defines what constitutes anti-competitive behavior.” Read more
…China Targets Alibaba, Other Homegrown Tech Giants With Antimonopoly Rules at Wall Street Journal. “Regulators are sending a message to online platforms to behave themselves,” said He Jing, a lawyer at Beijing-based GEN Law Firm, who said the draft rules were likely meant to help advance a recent push from China’s top leaders to encourage domestic consumption over the next five years.” WSJ subs.
Eta regains hurricane strength as Florida prepares for hit at AP. “Forecasters at the National Hurricane Center in Miami issued a hurricane watch for a 120-mile (193-kilometer) stretch that includes Tampa and St. Petersburg. The storm has been in the Gulf of Mexico since crossing over South Florida on Sunday.” Read more
Amazon Lures Food-Stamp Shoppers as Online Buying Surges 50-Fold at Bloomberg. “Babcock is among one million-plus U.S. households now using government benefits each month to buy groceries online. Their numbers spiked 50-fold this year after the spread of Covid-19 prompted the U.S. Department of Agriculture to make it easier for food-stamp recipients to shop on the web.” Tiered subs.
Home Depot issues RFI to agencies as it moves ahead with creative review at Ad Age. “Roth Ryan Hayes is running the review, which comes after the retailer fired The Richards Group following racist remarks by founder Stan Richards.” Ad Age subs.
Amazon expands palm-scanning payment technology to 3 more Seattle-area stores at Seattle Times. “The company will roll out Amazon One devices at the Amazon Go Grocery in Redmond on Wednesday, followed by the Amazon Books in University Village and the Amazon 4-Star store in Southcenter in coming weeks, said Dilip Kumar, Amazon’s vice president of physical retail and technology, in an interview.” Read more
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Amazon accuses Future of insider trading as it seeks to block Reliance deal at Reuters. Read more
Biden’s agency review teams include tech employees from companies like Amazon, Airbnb and Uber at CNBC. Read more
The Covid-Winter Backyard: Fire Pits, Pizza Ovens and Patio Heaters at The Wall Street Journal. “About one-fourth of 900 consumers surveyed in September by Boston marketing software firm Klaviyo said they would buy furniture to make outdoor living more comfortable this fall. Lowe’s says items such as heat lamps, fire pits and patio heaters have become increasingly popular.” WSJ subs.
Planes, dry ice, pharmacies: the logistical challenges of Covid-19 vaccines at Yahoo. “Poorer countries that lack storage capacity for large quantites of vaccines that need super-cold storage have little hope of benefiting from the first doses, said Prashant Yadav, an expert in global health supply chains at the Center for Global Development.” Read more
Amazon’s Ring recalls 350,000 video doorbells for fire hazard at Fox Business. “…at least 85 incident reports of incorrect doorbell screws installed with 23 of those doorbells igniting, resulting in minor property damage. The Amazon-owned firm has also received eight reports of minor burns.” Read more
Volunteers who took Pfizer vaccine say it felt like suffering a ‘severe hangover’ at NY Post. “Texan Glenn Deshields, 44, said his “severe hangover” symptoms soon cleared up…another volunteer…said she suffered a headache, fever and aches all over her body after her first shot — symptoms that were even more severe after the second one, Metro UK said.” Read more
Whole Foods, Progressive team up to offer Thanksgiving turkey insurance at Fox Business. “In order to redeem the insurance “just in case you commit a turkey cooking fail,” the homes chefs will need to provide their Whole Foods Market receipt, a picture of the turkey fail and an explanation of what went wrong to the grocery store claims adjustor. If the claim is approved, Whole Foods will send the customer a $35 gift card to the store.” Read more
Chipotle doesn’t want you to eat at its newest restaurant
Health benefits of multivitamins ‘may all be in the mind’
Southeastern Grocers Debuts Four New Winn-Dixie Stores
38% of college students worry they won’t have enough money to last the semester
Online exam software sparks global student revolt
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