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Walmart has launched a prescription delivery service to customers' doorsteps, aiming to enhance convenience amid struggles faced by CVS and Walgreens. The service, available in six states with plans to expand to 49, allows customers to receive prescriptions alongside other items for a delivery fee of $9.95, free for Walmart+ members. As CVS and Walgreens grapple with declining profits and store closures, Walmart's health and wellness segment, which constitutes about 12% of its U.S. revenue, continues to grow.
A recent survey reveals that 87% of companies plan to increase investments in cybersecurity and generative AI by an average of 37% and 31%, respectively, in 2025. Despite this, only 48% of digital initiatives meet business outcome targets, highlighting the need for a collaborative approach between business and IT leaders to enhance success rates. Companies that foster such collaboration report that at least 71% of their digital efforts yield business benefits.
Major League Soccer achieved record attendance and sponsorship revenue during the recent regular season, largely attributed to the influence of Lionel Messi and strategic corporate initiatives. Nearly 11.5 million fans attended matches, marking a 5% increase from last year, while sponsorship revenue rose 13% at both league and club levels. Inter Miami's success, including Messi's hat trick and the highest-selling jersey, further fueled fan engagement and social media growth, positioning MLS for continued momentum.
CrewAI, a rapidly growing startup, has launched its CrewAI Enterprise platform, enabling organizations to build and deploy multi-agent AI systems. With over 10 million agents executed monthly and significant traction among Fortune 500 companies, the platform simplifies complex workflows and automates internal processes, marketing, and coding tasks. The company emphasizes open-source development, aiming to educate enterprises on effectively utilizing AI agents, which are projected to grow from $5 billion to nearly $50 billion by 2030.
Market experts highlight the distinct growth strategies of India and China, noting that while China has historically focused on manufacturing, India is shifting towards consumption and services. Hiren Dasani from Goldman Sachs points out that India is becoming a significant player in global workforces, indicating a transition from China as the "factory of the world" to India as the "office of the world." This shift is accompanied by India's integration into global supply chains and ongoing reforms to boost corporate earnings, contrasting with China's challenges from increased tariffs and restrictions.
U.S. crude oil prices rose nearly 1%, with West Texas Intermediate reaching $71.22 per barrel, while Brent crude hit $74.85. The increase follows a previous decline, as traders reassess supply disruption risks amid Israel-Iran tensions and respond to weak demand in China, despite recent rate cuts by Beijing. Gasoline and natural gas prices also saw slight increases, with RBOB gasoline at $2.0342 per gallon and natural gas at $2.318 per thousand cubic feet. Year-to-date, crude oil and gasoline have both experienced slight declines.
Ukraine is set to receive $1.6 billion from the US to enhance its domestic production of long-range weapons, as announced by President Volodymyr Zelenskiy. An initial $800 million will be allocated for drone production in the coming days, followed by an additional $700 million to $800 million.
Aegon (NYSE:AEG) has been upgraded from a "neutral" to a "buy" rating by UBS Group, despite a 1.2% decline in stock price to $6.35. The company, which provides insurance and asset management services, has seen significant increases in institutional investments, with hedge funds owning 4.32% of its stock.
Stock futures fell as the Dow Jones Industrial Average ended a three-day winning streak, closing down over 344 points. General Motors raised its 2024 earnings guidance after surpassing estimates, while Disney announced James Gorman as its new chairman and delayed the CEO succession plan to early 2026. Donald Trump's tax proposals could exempt income taxes for 93.2 million Americans but may jeopardize Social Security's funding, while Nike secured a renewed, larger contract as the exclusive uniform provider for the NBA and WNBA for another 12 years.
Donald Trump's rising poll numbers have sparked the "Trump Trade," characterized by increasing equity indices, a stronger dollar, and rising rates, as investors anticipate fiscal stimulus. However, despite leading in key swing states, Trump still trails Harris in the popular vote, highlighting the uncertainty ahead of the election. The Dow Jones is attempting to break out of a bullish wedge, reflecting investor eagerness for gains amid this unpredictable political landscape.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
walmart expands prescription delivery service amid struggles of cvs and walgreens
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