|Day's Range||84.20 - 84.20|
Thunberg’s remarks came during a joint hearing of the House Committee on Foreign Affairs and the House Select Committee on the Climate Crisis titled “Voices Leading the Next Generation on the Global Climate Crisis.”
The remarks from Sen. Tammy Duckworth of Illinois come during a hearing of the Senate Commerce Committee that aims to look at how social media giants are handling violent or threatening content on their platforms.
(Bloomberg) -- A global movement backed by 16-year-old environmental activist Greta Thunberg got underway Friday, with students in Europe and Australia skipping school and workers walking off jobs to demand action on climate change.Tens of thousands of people attended a protest in a central Sydney park, holding up homemade signs with slogans such as “You’re Burning our Future” and “There Is No Planet B.” In Berlin, demonstrators gathered by the landmark Brandenburg Gate, just a few steps from where Chancellor Angela Merkel’s government hammered out a comprehensive climate- protection package.Thousands are marching in Paris, London, Brussels and Warsaw, with similar protests planned in New York, Toronto and elsewhere in North America.“This is about the future of our planet,” said Laura Lazzarin, an Italian national living in Berlin who joined demonstrators near the Brandenburg Gate. “We can’t go on like this, and politicians must realize that.”GlobalClimateStrike in London are urging political leaders to take action on the climate crisis CoveringClimateNow pic.twitter.com/2uCxa7jBLp— Bloomberg TicToc (@tictoc) September 20, 2019 Protesters joining the Global Climate Strike movement want governments to treat global warming as an emergency, slash subsidies for fossil fuels, and switch economies to 100% renewable energy as soon as possible. They’re part of a worldwide series of demonstrations that organizers say will take place in 150 countries on Friday and on Sept. 27.“As we deal with devastating climate breakdown and hurtle towards dangerous tipping points, young people are calling on millions of us across the planet to disrupt business as usual by joining the global climate strikes,” according to a statement on the organizers’ website.The movement has taken hold in Europe, where climate has been catapulted to the top of the political agenda. The European Union should walk away from fossil fuels, the bloc’s energy chief told Bloomberg TV this week after a record spike in oil prices. A total of 93% of Europeans see global warming as a serious problem, according to a recent survey by the European Commission.In front of the Brandenburg Gate, three protesters dressed in black stood on top of melting ice blocks with nooses around their necks as hundreds of people gathered around them, carrying home-made placards, blowing whistles and chanting “We are here, we are loud, because you’re stealing our future.”In Poland, home of 33 of the EU’s 50 most polluted cities, more than 60 climate protests were held Friday. At the biggest gathering in Warsaw, more than a thousand demonstrators called for the government to curb its dependence on coal, which is burned to produce more than 80% of the country’s electricity.“The government is doing too little and this needs to be changed,” said Dionizy Debski, a high school student from Warsaw.PrayforAmazon. We should stop buying the beef that's being imported from Brazil to Hong Kong."Climate activists gathered in Hong Kong, demanding world leaders to address global warming ClimateStrike GlobalClimateStrike pic.twitter.com/xfA2Gk0llB— Bloomberg TicToc (@tictoc) September 20, 2019 The movement -- inspired by the braided Swedish teenager Thunberg who started weekly school walkouts last year -- has gone global, drawing parallels with other protests like the Civil Rights struggle and anti-apartheid demonstrations.Friday’s protests are timed ahead of United Nations events, including the first Youth Climate Summit on Saturday and the Climate Action Summit of government, corporate and other leaders on Sept. 23 in New York. Thunberg, who founded the “Fridays for Future” protest group, captured media attention by sailing across the Atlantic to address the youth event, rather than traveling by plane -- doing her bit to cap emissions.The climate campaign has spurred some companies into action. Germany’s Volkswagen AG, the world’s biggest automaker, pledged to make more electric cars and become climate-neutral by 2050. Amazon.com Inc. Chief Executive Officer Jeff Bezos vowed Thursday to wean his company off fossil fuels by 2030. He also announced the formation of a new organization -- the Climate Pledge -- amid a steady drumbeat of criticism from activists and his own employees over Amazon’s dependence on fossil fuels.On the same day, Alphabet Inc. Chief Executive Officer Sundar Pichai said Google had agreed to buy 1.6 gigawatts of wind and solar power, a record purchase of renewable energy by a single company.Google Makes Biggest Clean Energy Purchase Ever by a CompanyMore than 1,500 Amazon employees are scheduled to take part in Friday’s walkout. Workers from Google and Microsoft Corp. also plan to join protests.GlobalClimateStrike rally.Protesters are urging leaders to address global warming and put an end to the age of fossil fuels CoveringClimateNow pic.twitter.com/jGfAI7Bnse— Bloomberg TicToc (@tictoc) September 20, 2019 In Australia, the campaign has the backing of high-profile business leaders such as the billionaire co-founder of enterprise software company Atlassian Corp., Mike Cannon-Brookes. Atlassian was among hundreds of Australian employers, including law firm Slater & Gordon Ltd. and real-estate portal Domain Holdings Australia Ltd., that allowed workers to take time off to attend the rallies.The call to action has resonated across Europe, which has suffered from increasing bouts of drought and wildfires, and in Australia -- the world’s driest inhabited continent that derives the bulk of its energy from burning coal.For all the support the campaign is deriving, however, there are pockets of opposition. In Germany, the far-right AfD party on Friday vowed to oppose any new government measures on climate protection, citing escalating costs. Merkel’s government is “ruining Germany,” the AfD’s Joerg Meuthen said in a statement.\--With assistance from Maciej Martewicz.To contact the reporters on this story: Bruce Einhorn in Hong Kong at email@example.com;Thuy Ong in Sydney at firstname.lastname@example.org;Stefan Nicola in Berlin at email@example.comTo contact the editors responsible for this story: Chad Thomas at firstname.lastname@example.org, Vidya Root, Eric PfannerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Google will invest 3 billion euros ($3.3 billion) over the next two years to expand its server farms across Europe.The investments take its total spend on European data centers to 15 billion euros since 2007, Google Chief Executive Officer Sundar Pichai told reporters in Helsinki on Friday following a meeting with Finnish Prime Minister Antti Rinne.It’s also investing 1 billion euros in renewable power in Belgium, Denmark and Sweden. Among the projects are a 600 million-euro expansion of its existing data center in Finland, as well as two wind projects in the Nordic nation.The Alphabet Inc. company on Thursday announced a series of new deals to buy wind and solar power in the largest-ever collective purchase of renewable energy by a single company. The move shows how corporations are increasingly turning to clean energy as costs of wind and solar fall and investors push them to fight climate change.The Mountain View, California-based company said it has matched 100% of its electricity consumption with renewable energy the past two years.Google’s investment in its Hamina server complex on the south coast of Finland will now reach 2 billion euros. It has built other European data centers in Denmark, the Netherlands, Ireland and Belgium to feed demand for faster access to files and media.However, big tech companies don’t always follow through on their internet infrastructure promises. Earlier this year, Apple Inc. shelved plans to build a second data center in Denmark, and canceled a similar project in Ireland.(Updates with background on Google’s data centers)To contact the reporter on this story: Leo Laikola in Helsinki at email@example.comTo contact the editors responsible for this story: Kati Pohjanpalo at firstname.lastname@example.org, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The investment plan includes an additional 600 million euros investment in the Hamina data centre in Finland, bringing total investment in the site to 2 billion euros, Finland's Prime Minister Antti Rinne told the joint news conference. "This is fantastic news for Finland," Rinne said. Google already has one data centre in Hamina, where it invested 800 million euros to convert an old paper mill. It said in May it would invest 600 million euros in a new data centre on the same site.
(Bloomberg) -- It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line.Nike Inc. has come up with a way to weave more efficiently, reducing the raw material and labor time needed to make each shoe. That has kept more than 3.5 million pounds of waste from reaching landfills since 2012. But the good news doesn’t stop with the environmental impact. The company is spending less on transportation, materials and waste disposal.The shoemaker’s “more environmentally conscious product has been a source of cost savings,” said James Duffy, an analyst at Stifel.Those flimsy plastic water bottles sold by Nestle SA? The ultra-thin design has a smaller impact on the environment while pushing down costs associated with packaging and shipping. Amazon.com Inc. and Walmart Inc. have poured tens of millions of dollars into a fund that builds out recycling infrastructure, reducing landfill tipping fees and recovering material that could be sold as new products.Tech giants have spent billions of dollars on solar and wind power, cutting greenhouse-gas emissions and energy expenditures at the same time. Alphabet Inc.’s Google, Amazon and Facebook Inc. are now some of the largest buyers of green power in America.Turns out it’s not just easy being green—it’s also profitable.“We’ve moved past this concept that business versus the environment is a tradeoff,” said Tom Murray, who advises companies on reducing emissions as Environmental Defense Fund, including Walmart, McDonald’s Corp. and Procter & Gamble Co. “The business benefits were always there, but more and more companies are going after them.”The business case for going green has never been stronger as companies find ways to make more from less. Here’s a look at the ways corporate America is making environmentalism pay.Lightweight Flights Cost LessUnited Airlines Holdings Inc. has been making its planes lighter, driving down fuel use and costs. Airlines account for almost 2% global carbon emissions. Not even the in-flight magazine has been spared in the search for unnecessary heft: changing to a lighter paper stock saved almost $300,000 per year on fuel. United redesigned airplane bathrooms, switched out beverage carts and ended duty-free sales.What it pays: United has saved more than $2 billion on fuel so far.Hanging Hotel Towels Saves More Than Water It turns out that simply asking guests to hang up towels to dry and forego daily sheet changes can save hotel operators 25% off annual energy costs. “To some surprise within the hotel industry, this option was quickly embraced by hotel guests as a small way to engage in energy conservation,” according to a report by the Urban Land Institute. Clarion Partners LLC does that at all of its hotels and went a step further by reducing flows through toilets, faucets and showerheads.What it pays: Cutting water use saves Clarion hotels about $17,250 per year.Idle Trucks, Real MoneyWalmart runs one of the biggest trucking fleets in the U.S. That means scores of semis standing in traffic at any given time. At that scale, the introduction of technology that reduces energy use when trucks or idling and software that creates more efficient routes can improve fuel efficiency by 90%, reducing carbon dioxide emissions.What it pays: Diesel averages almost $3 a gallon in the U.S. Tech’s Green Power PayoffGoogle, Facebook and Amazon are among the largest energy consumers in the U.S., and a lot of that power is now emission-free. Each company committed to getting 100% of their power for their data centers from renewable resources such as wind and solar. Exxon Mobil signed up to energize its operations in Texas with solar and wind energy starting next year, which would place the oil producer among the top 10 buyers.What it pays: With renewables now cheaper than fossil fuels, these green energy commitments shave an estimated 10% off tech giants’ gargantuan utility bills.Paperless Bathrooms Are CheaperRestaurants, movie theaters and others have been making the switch from paper towels to hand dryers in their restrooms for years. Dryers have become the norm because of the savings on the cost of paper towels and the expense of sending garbage to the landfill. Soldier Field, home of the Chicago Bears, made the switch and cut carbon emissions by 76% per use.What it pays: A football stadium can save more than $12,000 a year over the cost of paper towels. Re-Sold Clothes Are a MoneymakerPatagonia Inc. has been repairing and recycling clothes since its inception in the 1970s, making the practice a core part of the brand’s environmental image. Two years ago, however, the company added incentives for customers who return used items. This wasn’t just an act of urgency to keep clothing out of landfills. A 3-in-1 Snowshot Jacket that retails new for about $400 was recently listed on Patagonia’s Wornwear website for $187 to $207, more than twice the amount paid to customers in a voucher.What it pays: Each re-sale of a high-quality used jacket can net $100. “It’s a profitable business unit,” said Phil Graves, director of corporate development at Patagonia.Slender Plastic SavingsNestle has been saving money with ever-thinner plastic bottles, cutting the content in its half-liters by more than 60% since 1990. That also reduces the harmful chemicals and emissions produced from making plastic and saves on transportation costs. There’s also been a push to use more recycled material. Nestle recently started offering a 100% recycled bottle for its Pure Life water brand. Coca-Cola Inc. has decided to ditch plastic altogether for its Dasani line by pumping water into aluminum cans. That switch will make it easier to recycle and boost profitability. The cans weigh less, which cuts transportation costs. What it pays: 72 cents per pound of plastic resin.Beer With Less Spent on WaterLagunitas Brewing Co. was growing so quickly that its local water utility couldn’t process all the highly concentrated wastewater produced by its manufacturing process. Managing it all might have required costly upgrades to the municipal system. The brewer instead bought a new type of treatment system onsite that cleans the 7 gallons of high-strength wastewater made with every gallon of beer. The methane byproduct is used to produce electricity. Its one of the many breweries and vineyards out there that have now installed these systems.What it pays: Estimated savings more than $1 million a year on utility bills.This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to highlight climate change.To contact the authors of this story: Chris Martin in New York at email@example.comMillicent Dent in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Aaron Rutkoff at email@example.com, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centres, Chief Executive Sundar Pichai said in Finland. The investment plan includes an additional 600 million euros investment in the Hamina data centre in Finland, bringing total investment in the site to 2 billion euros, Finland's Prime Minister Antti Rinne told the joint news conference. "This is fantastic news for Finland," Rinne said.
(Bloomberg Opinion) -- It’s starting to look like a pattern: Russian law enforcement agencies arrest someone on what seem to be trumped-up charges; the arrestee’s colleagues raise their voices in protest; various pro-Kremlin figures join the outcry; the prisoner walks free.This sequence of events first occurred in June, in the case of Ivan Golunov, an investigative reporter arrested on drug-dealing charges. Journalists who had worked with Golunov, myself included, could vouch that the charges were preposterous. We had a strong suspicion that Golunov was being punished for his investigation of corruption in the funeral business. So the Moscow journalistic community rose to the reporter’s defense, picketing police headquarters and trying to enlist the help of various officials. Three major newspapers, normally competitors, came out with identical front pages demanding freedom for Golunov. Then, suddenly, pro-Kremlin figures, including Margarita Simonyan, the editor in chief of the RT channel, joined the campaign. President Vladimir Putin took a personal interest in the case, and Golunov was tested for contact with drugs and released, the charges against him dropped.Now, it looks like a second iteration of the scheme is unfolding. On Aug. 3, Moscow riot police detained a young actor, Pavel Ustinov, during a protest against a city council election widely seen as unfair. Ustinov wasn’t taking part in the protest – he was just standing near a subway entrance in central Moscow, not far from where the demonstration was taking place. As the riot cops overpowered him, one ended up with a twisted shoulder. That resulted in Ustinov’s conviction on Sept. 16 for resisting arrest and a sentence of three years and six months in a prison camp – though a video, available on YouTube, shows clearly that he didn’t resist. Actors showed as much solidarity for their colleague as journalists had before them. Theater and TV stars spoke out in Ustinov’s defense, protests were held, a petition circulated. After a certain pause, just as in the Golunov case, Ustinov also found supporters among pro-Kremlin figures, from top TV propagandist Vladimir Solovyov to Andrey Turchak, one of the leaders of the pro-Kremlin United Russia party. Two days after the sentencing, Turchak said the video of the actor’s detention, which the judge had ignored, proved Ustinov’s innocence.Putin’s press secretary Dmitry Peskov said on Wednesday that Putin was aware of Ustinov’s case but couldn’t influence the court’s decision. But a top lawyer with Kremlin ties, Anatoly Kucherena, suddenly took up the case, and on Thursday, the Moscow prosecutor’s office asked the court to release Ustinov from prison. Are the similarities between the Golunov and Ustinov cases a coincidence? Or is the Kremlin establishing a procedure for rolling back obviously unjustified reprisals by its overeager enforcers? Either way, Putin has signaled that complaints will quickly escalate to him if there’s enough public interest in the case – and if the victim has backers capable of generating and maintaining such public interest.Like in the Soviet Union, it seems, certain privileged creative professionals, such as journalists and actors, are finding a sympathetic ear in the Kremlin. Victims of arbitrary reprisals who don’t have influential lobbies behind them – such as five other people convicted and sentenced to long prison terms for their part in last summer’s Moscow protests – are, it appears, not to be freed in this way. Public support from random social network users, activists or the 40 Russian Orthodox priests who authored an open letter advocating for detainees’ releases doesn’t seem to count. The rules of the game are ad hoc, as rules often are in the Putin system. Putin knows, however, that Russian elites will play by whatever rules he implicitly sets – and thus, also implicitly, accept that some political prisoners must remain behind bars. That’s ultimately what he wants; if his sadistic enforcers often act irrationally, he’s using their brutality to make key professional communities play along with him.To contact the author of this story: Leonid Bershidsky at firstname.lastname@example.orgTo contact the editor responsible for this story: Tobin Harshaw at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg clashed with Republican Senator Josh Hawley over his company’s record on privacy and safeguarding user data as the social media platform comes under unprecedented scrutiny in Washington.“I said to him, ‘prove that you are serious about data, sell WhatsApp, and sell Instagram.’ That’s what they should do,” Hawley said to reporters after meeting with Zuckerberg in Washington Thursday. “I think it’s safe to say he was not receptive to those suggestions.”Zuckerberg is in the nation’s capital defending his company’s practices to some of his harshest critics over their concerns that he isn’t taking strong enough action to prevent voter manipulation on the platform ahead of the 2020 presidential election, along with criticisms over the company’s handling of user data and curbing online violence.Hawley said he had a “very frank discussion” with Zuckerberg on the company’s record on privacy and political bias and said he thinks Facebook should be subject to independent audits of its content reviews. Hawley said he also pressed Zuckerberg for “a wall” between Facebook and its other platforms and Zuckerberg said no.Facebook is creating an oversight board to review what content should be policed and just released a charter outlining more details about the group earlier this week.Zuckerberg’s visit to the capital also included dinner Wednesday with Senator Mark Warner, the ranking Democrat on the Intelligence Committee and Senator Richard Blumenthal, a Connecticut Democrat, along with other lawmakers.“Mr. Zuckerberg acknowledged that self-regulation is not going to cut it,” Warner, a Virginia Democrat, said to Bloomberg Television. “I think he realizes that the status quo and the days of the wild, wild West are over.”Warner helped organize the dinner with lawmakers at Facebook’s request, according to Rachel Cohen, a Warner spokeswoman. They discussed a wide range of issues “including the role and responsibility of social media platforms in protecting our democracy, and what steps Congress should take to defend our elections, protect consumer data, and encourage competition in the social media space,” Cohen said in a statement.Facebook is battling criticism from lawmakers over its handling of users’ personal information, the proliferation of violent content and election interference by foreign operatives. In response to the growing scrutiny, Zuckerberg has called for the passage of baseline regulations governing harmful content online.Democratic lawmakers have attacked Facebook’s handling of political content, including the way foreign operators have used the platform to sow discord in American public life. A report by Special Counsel Robert Mueller described how a Russian entity “carried out a social media campaign that favored presidential candidate Donald J. Trump and disparaged presidential candidate Hillary Clinton.”Republicans accuse it of anti-conservative bias. Hawley said that Zuckerberg acknowledged that the company has been struggling with bias for years, and said the censorship of anti-abortion group Live Action was a mistake.“He said that they made a mistake, that there was clearly bias,” Hawley said.Facebook spokesman Andy Stone clarified that Zuckerberg told Hawley there was bias in the fact-checking process, which includes third-party partners, not at Facebook itself. Zuckerberg also told Hawley that for years Silicon Valley has struggled with perceptions of bias and that the industry needs to be aware of the issue, Stone added.The company has found no evidence of systemic anti-conservative bias on Facebook, where many of the top publishers are conservative.Blumenthal said in a statement that he also had a “serious conversation” with Zuckerberg at the dinner, which took place at Ris, an upscale American bistro, about the “challenges of privacy” facing Facebook, which has been ensnared in controversy over the way it has shared users’ information with third parties.“It’s no secret that I’ve been a tough critic of Facebook, so I was glad for the opportunity to discuss my concerns directly with Mr. Zuckerberg,” he said.Zuckerberg also met with Senators Maria Cantwell, a Democrat from Washington state, Utah Republican Mike Lee and Arkansas Republican Tom Cotton. Friday the CEO is slated to meet House Intelligence Chairman Adam Schiff of California.“One of the most pressing issues for me is the threat posed by deepfake technology and it’s potential misuse during the presidential campaign,” Schiff said in an interview with Bloomberg Government.Zuckerberg isn’t meeting with House Speaker Nancy Pelosi, according to a person familiar with the matter. Democrats castigated the company earlier this year after it failed to remove a doctored video of Pelosi. She has snubbed at least two meetings with him, Bloomberg has reported. He also isn’t meeting several high-profile Republicans who are working on a federal privacy bill, including Senator Roger Wicker. Marsha Blackburn said he’d reached out to her but her travel schedule didn’t allow a meeting.Zuckerberg doesn’t appear to be meeting with government officials conducting inquiries. The Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.The House Judiciary antitrust subcommittee is also investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg, Chief Operating Officer Sheryl Sandberg, former general counsel Colin Stretch and policy chief Kevin Martin.\--With assistance from Billy House, Joe Light, Ben Brody and Kurt Wagner.To contact the reporters on this story: Naomi Nix in Washington at firstname.lastname@example.org;Rebecca Kern in Arlington at email@example.com;Steven T. Dennis in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bay Area activist Shannon Coulter announced the campaign, Force the Issue, on Tuesday in order to pressure 900 large, publicly traded companies to stop requiring their employees to sign off on arbitration clauses agreeing not to sue.
Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers.
Walgreens and FedEx will partner with Google Wing on drone deliveries of packages and goods. Walgreens stock and FedEx stock rose.
(Bloomberg) -- One of the nation’s largest drug store chains and a shipping service giant are joining forces, with Alphabet Inc.’s Wing to begin a first-of-its-kind drone delivery service in October.Walgreens, FedEx Corp. and Wing, an offshoot of Google that was the first U.S. drone operator to receive partial certification as an airline, will begin the exploratory deliveries in the small town of Christiansburg, Virginia, the companies said in an announcement Thursday.The companies aim to go beyond the small-scale delivery demonstrations that have occurred so far in the U.S., typically under controlled environments conducted over short ranges, they said.“Wing has spent the last seven years developing a delivery drone and navigation system for this purpose,” Chief Executive Officer James Ryan Burgess said in the release. “By delivering small packages directly to homes through the air in minutes, and making a wide range of medicine, food and other products available to customers, we will demonstrate what we expect safer, faster, cleaner local delivery to look like in the future.”Read more: Amazon Poised to Test Chopper-Plane Mashup for Drone DeliveriesThe announcement is a sign of the rapid maturation of the drone industry, as multiple titans of industry race to find their place in what could become a transforming technology. At the same time, the U.S. government hasn’t created a regulatory structure or formal safety standards for small, low-flying drone operations, so such demonstrations continue to be conducted using waivers to existing rules.Wing has conducted demonstrations of how its deliveries would work before, including lowering a Popsicle to a toddler in Virginia last year. But the project with Walgreens and FedEx is designed to send actual merchandise to customers on a far bigger scale.The demonstration project is being conducted near the campus of Virginia Tech in Blacksburg and is associated with the Mid-Atlantic Partnership, one of the groups selected by the U.S. government as testing entities for drone commerce. While there is growing demand for using drones to deliver goods and to perform many industrial functions, the Federal Aviation Administration is still in the process of developing regulations to govern them.Robotic RaceWing is one of the leading companies in the race toward having robotic unmanned craft zip through the sky to people’s homes to drop off goods, and has received waivers to allow longer-range flights.Amazon.com Inc. and United Parcel Service Inc. are also developing their delivery services. A number of smaller companies, including Flirtey Inc. and Zipline International Inc., are either doing demonstration projects or have made deliveries in other countries.The partnership between Wing, Walgreens and FedEx has benefits for all three in the race to exploit the drone economy.Walgreens, a division of Walgreens Boots Alliance Inc., and other large drugstore chains have seen their sales chipped away at by Amazon and other online retailers, as the convenience of a brick-and-mortar pharmacy a short drive away has been supplanted by a package delivered to a customer’s front door. Amazon has also moved into the prescription drug business, offering patients conveniently-packaged pills through its PillPack unit.Drugstores Fight BackIn response, the drugstore chains have begun offering competing services to defend themselves. Walgreens offers a delivery service for prescriptions, and has partnered with FedEx to use its stores as package drop-off points. It’s also partnered with Kroger Co. on a pilot program for customers to pick up groceries at Walgreens stores.The partnership with Wing gives FedEx leverage to compete against UPS, which is using the small flying devices for revenue-generating health-care deliveries, such as blood samples, within a hospital campus in North Carolina.UPS is also seeking FAA authorization to operate like a small airline and expects to get that designation soon. UPS Chief Executive Officer David Abney has said the focus of drone deliveries would be the health-care industry at first, and then expand from there.(Updates with other companies in ninth paragraph.)\--With assistance from Drew Armstrong.To contact the reporters on this story: Alan Levin in Washington at firstname.lastname@example.org;Thomas Black in Dallas at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Fed cuts interest rates again, but what's next? Why Microsoft (MSFT) stock surged. The latest from AT&T (T) and FedEx (FDX). And why Skechers (SKX) stock is a Zacks Rank 1 (Strong Buy) right now - Free Lunch
It sounds and seems impossible, but we're within sight of the end of 2019, and the beginning of 2020. The new year is only fifteen weeks away, which isn't too soon to start thinking about restructuring stock portfolios.The economy is still in reasonably good shape, which bodes well for stocks. It would be naive to believe the coming year, however, is going to look like a year that's about to wind down. As market conditions change and the economic growth cycle matures, different areas thrive, while others struggle.Geography can matter too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies Making Their CEOs Rich With that as the backdrop, here's a rundown of ten stocks to watch as 2019 comes to a close and 2020 gears up. Now may not be the ideal time to step into them, but now's when they should be added to watchlists for due diligence purposes. Notice that not all of them are high-profile names, but they're each positioned nicely for growth … more so than most of their peers. Alphabet (GOOG, GOOGL)Source: achinthamb / Shutterstock.com It's not a name that needs much in the way of an introduction. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is, of course, the parent to search engine giant Google, though the company is so much more than a search engine. Email, cloud-based platforms galore and the world's most popular mobile device operating system all funnel people into the Google ecosystem.Yes, that sheer size has become something of a liability. The world is distrustful of one company knowing so much about each and every person who connects to the web to use a Google-provided service. Even without a clear end-goal, state and federal regulators seem to be on a mission to declaw the company's reach.It just doesn't matter. Even a better-contained Google will still serve billions of regular users, each of which ultimately represents revenue. Ulta Beauty (ULTA)Source: Jonathan Weiss / Shutterstock.com It's a misnomer to say Amazon (NASDAQ:AMZN) has put every single small brick-and-mortar retailer on its heels. Ulta Beauty (NASDAQ:ULTA), which sells skincare and hair care products as well as perfume and cosmetics via more than a thousand stores in the U.S. is doing just fine.Granted, that wasn't the case a week ago, when the stock was standing in the shadow of its own 30%+ selloff that materialized in a matter of days. Quarterly revenue as well as earnings fell short of expectations, and that news was made worse to contracted full-year guidance. * 7 Consumer Stocks to Buy in an Uncertain Market As Luke Lango noted at the time though, "any and all slowdowns in the U.S. personal care industry over the past two decades have been small and short-lived. During that stretch, personal care sales have risen at a fairly steady 4% compounded annual growth rate, and there have never been back-to-back years of declines." Walmart (WMT)Source: Sundry Photography / Shutterstock.com It's another name that doesn't need any description -- add Walmart (NYSE:WMT) to your list of stocks to watch for the coming year.There was a time not too long ago when the world's biggest retailer didn't necessarily deserve such acknowledgement. Its web presence was a joke (given its size), inventory management was poor and the organization almost demonstrated a kind of contempt for its customers.The company has managed to make a near-180-degree turnaround from those dark days though. Last quarter's same-store sales improved 2.8%, while e-commerce grew an incredible 37% year-over-year. Both extended long streaks of comparable quarterly growth.The additional reason WMT stock ranks among the best stocks to watch for 2020: Even if we should slip into a recession, the nature of Walmart's business keeps it pretty well shielded. American Tower (AMT)Source: Pavel Kapysh / Shutterstock.com American Tower (NYSE:AMT) isn't exactly a household name, although it's likely someone that lives in your household who consistently relies on the company's service. American Tower owns a network of 171,000 cell phone towers all over the world, leasing access to them to wireless telecom service providers like Verizon Communications (NYSE:VZ) and T-Mobile (NASDAQ:TMUS).Clearly the need for this infrastructure is never going to go away. In fact, we're entering a period where demand for mobile device connectivity towers could explode. * 8 Dividend Stocks to Buy for a Recession The advent of 5G connections is that driving force. With it, wireless internet speeds are rivaling more traditional coaxial and DSL (phone line broadband) speeds, opening the door to a whole new data-centric paradigm. American Tower believes the amount of data transmitted via mobile devices will quadruple by 2023, and is preparing now to help wireless service providers meet the need. Copart (CPRT)Source: Shutterstock Copart (NASDAQ:CPRT) is another name that may not be terribly familiar to most investors, but is one of the top stocks to watch as we move into what will likely turn out to be the latter stages of an economic growth cycle.Copart, in simplest terms, is an automobile salvage yard. It sells wrecked vehicles -- some more wrecked than others -- to repair shops that need a lot of parts for a particular model of vehicle, or it sells these damaged vehicles to individuals looking for a fixer-upper project.It's a resilient business, with the company able to drive reasonably steady sales and earnings growth regardless of the auto market environment. Neither the 2008 lull nor the move into the 2015 frenzy that became known as "peak auto" appears to have made much of an impact on the company's slow march forward.In other words, CPRT stock is a nice all-weather play. Square (SQ)Source: Jonathan Weiss / Shutterstock.com Paypal Holdings (NASDAQ:PYPL) may have become the dominant name in the business first, but Square (NYSE:SQ) is coming on strong now. In June, Instinet analysts Dan Dolev and Conan Leon believe, Square's so-called Cash App was downloaded more than PayPal's comparable app.It's only anecdotal evidence that suggests Paypal's best days are behind it while Square's best days are ahead. Nevertheless, it's a powerful, telling data nugget that points to a bigger trend. * 10 Defense Stocks to Buy During Rising Geopolitical Tensions Raw numbers tell the rest of the story. As the idea of a cashless society continues to gain acceptance, analysts are looking for Square to grow its top line by 43% this year, driving a 64% increase in per-share profits. Next year's 34% revenue growth is forecasted to improve net income to the tune of 44%. That's apt to happen regardless of the condition of the economy at the time. EXACT Sciences (EXAS)Source: Shutterstock Speaking of companies that shouldn't be impacted by economic turbulence, add EXACT Sciences (NASDAQ:EXAS) to your list of stocks to watch for 2020.You may know the company better than you think you know it, if the name doesn't ring a bell. EXACT Sciences is the developer of the at-home colorectal cancer screening test called Cologuard, which was well-touted through the use of television advertising after its 2014 approval. That's not all the company does, but it's certainly the current claim to fame.That being said, the organization's pipeline and diagnostic know-how is about to expand in a big way. In July, EXACT Sciences announced its intent to acquire Genomic Health (NASDAQ:GHDX), which will dovetail nicely into the DNA-based diagnostics work the company was already doing. Waste Management (WM)Source: Shutterstock As the old adage goes, there's nothing certain in life but death and taxes. The statement isn't entirely accurate though. In addition to death and taxes, as long as humans walk the face of the earth, they'll be producing garbage and paying someone to haul it away for them.Enter Waste Management (NYSE:WM) … a long-established landfill and garbage truck operator that has also embraced the more modern concept of turning trash into treasure. That is to say, Waste Management has gotten serious about converting landfill gas into energy, annually collecting enough methane to produce 4.5 million megawatt-hours worth of electricity. * 7 Consumer Stocks to Buy in an Uncertain Market Perhaps more important, the company has the "steady-Eddie" results to make it a solid buy for an unclear future. Through the top line ebbs and flows, it always recovers bigger and better than ever. Microsoft (MSFT)Source: gguy / Shutterstock.com There was a time in the increasingly distant past when Microsoft (NASDAQ:MSFT) wasn't fully prepared for the modern era of computing. Cloud-based everything is the new norm, and the advent of mobile/wireless connectivity has opened the door to a whole new kind of cybersecurity need. Indeed, the internet is now the centerpiece of how most businesses operate.CEO Satya Nadella had his finger on the pulse of the future when he took the helm in 2014, ramping up the company's presence in the all-important cloud market. Its Azure platform has become a wildly popular means for companies to manage their cloud, with revenue improving 64% last quarter, while business people and enterprise-level users love the fact that they can access their productivity programs like Word and Excel online, in any web browser.The shift has been a win for Microsoft as well though. All of these new cloud-based offerings? They drive recurring, subscription-based revenue, allowing the company to know what the short-term and long-term top line will look like. Church & Dwight (CHD)Source: slgckgc via Flickr (Modified)Finally, add Church & Dwight (NYSE:CHD) to your list of stocks to watch for 2020.It's in the same vein as Procter & Gamble (NYSE:PG) and Unilever (NYSE:UL), although not nearly as big as either of those more familiar players. That's not necessarily a problem though. Indeed, it seems as if the massive size that once allowed the likes of P&G to be a powerhouse has since become something of a liability.To that end, Church & Dwight's brand names like Arm & Hammer, Oxi-Clean, Orajel, Nair and others are small enough to let them be the alternative to the most recognizable products in each major consumer goods category … big brand names consumers are increasingly shunning, even if just on principle. * 8 Dividend Stocks to Buy for a Recession The company's got the proof that being smaller works. In only one quarter since 2006 has Church & Dwight failed to grow its top line on a year-over-year basis. The pros are calling for revenue growth of more than 5% this year and next year as well.As of this writing, James Brumley held a long position in Alphabet. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 10 Excellent Stocks to Watch for 2020 and Beyond appeared first on InvestorPlace.
Walgreens Boots Alliance Inc. said Thursday that it has partnered with Wing Aviation LLC, an Alphabet Inc. company, to test drone delivery of health and wellness items, food and beverage, and more. Items can be ordered on the Wing app. Walgreens will make 100 items available, as well as "packs" which will offer a number of items from a specific category, like baby or allergy. Prescriptions will not be available for drone delivery. Wing is the first drone operator to get Federal Aviation Administration certification as an air carrier, according to the announcement. The delivery service, which will bring purchases to shoppers in minutes, will be available to residents of Christiansburg, Va. starting next month. Wing has been working with Virginia Tech in Blacksburg, located near Christiansburg, on drone delivery. Walgreens stock has fallen nearly 20% for the year to date while the S&P 500 index is up 20.2% for the period.
Google sister company Wing announced today that it would be partnering with FedEx and the drugstore chain Walgreens to bring autonomous drone deliveries to the US in October. The pilot program will be launched in Christiansburg, Virginia, one of the two areas in the state that Wing has been testing its drone technology for years. In April, Wing was certified by the US Federal Aviation Administration (FAA) to become what it says was the first company in the country to be able to offer autonomous drone deliveries.
Alphabet’s (GOOGL) Waymo wants to bring its autonomous driving technology to the freight trucking industry. Waymo is one of Alphabet’s Other Bets.
(Bloomberg) -- Acknowledging a steady drumbeat of criticism from activists and a vocal group of his own employees, Amazon.com Inc. founder and Chief Executive Officer Jeff Bezos announced the formation of a new organization, the Climate Pledge, to meet the goals of the landmark Paris climate agreement 10 years early.In a joint press conference in Washington with Christiana Figueres, formerly the United Nation’s executive secretary for climate change, Bezos said Amazon will reach 80% renewable energy use by 2024 and 100% by 2030, up from 40% today. To help get there, Amazon has placed an order of 100,000 electric vehicles from a startup it has backed, Rivian Automotive Inc. The first Rivian vehicles will arrive in 2021. Bezos’s pledge came a day before more than 1,500 Amazon employees are scheduled to walk out of their offices to draw attention to what they see as the company’s inaction on climate change. The protest is part of a wider strike organized by 16-year-old climate activist Greta Thunberg ahead of next week’s United Nations Climate Action Summit.“The global strike tomorrow is totally understandable,” Bezos said. “People are passionate about this issue. By the way, they should be passionate about this issue.”The group organizing the employee walkout, Amazon Employees for Climate Change, has been pressuring Amazon for almost a year to reduce its dependence on fossil fuels and detail how it’s preparing to deal with business disruptions caused by climate change. Inside Amazon’s annual meeting in May, an employee speaking on behalf of the group asked for the opportunity to share her concerns with Bezos directly, but was denied. Shareholders voted down their proposal for Amazon to disclose a comprehensive climate change plan. The employee group on Thursday called Amazon’s pledge “a huge win.” “We’re thrilled at what workers [have] been able to achieve in less than a year,” the group said in a statement. “But we know it’s not enough.”The steps outlined in the Paris Climate Accords on their own aren’t sufficient to protect the planet, they said. “Today, we celebrate. Tomorrow, we’ll be in the streets to continue to fight for a livable future.” In February, two months after the employees went public with their campaign, Amazon promised to disclose its carbon footprint by the end of the year and pledged that half its shipments would be carbon neutral by 2030, a so-called Zero Shipment project. Amazon has argued that an e-commerce model, with delivery vehicles making numerous stops in each neighborhood, is inherently more efficient than individual shoppers taking the odd trip to the store for items like a gallon of milk. Bezos added that free next-day shipping for Prime members, which the company is in the process of rolling out, is more environmentally efficient because products can be warehoused locally, reducing travel times and bypassing the need to ship products via air.Amazon in recent years has built a team of hundreds of employees focused on sustainability issues who oversee the company's fleet of wind and solar farms and lead experiments with environmentally friendly packaging and business practices. The group also led development of Amazon’s methodology to calculate the company’s carbon footprint. But the group hadn’t committed to releasing the result of their work on greenhouse gases to the public until after Amazon employees began their advocacy campaign, according to a person familiar with the discussions.Amazon is relatively late among tech companies to share its environmental impact, experts say. Apple has released an environmental impact report with increasing levels of detail for the last decade. Google first published a comprehensive report on its energy use in 2011. “Amazon was not one of the leaders, for sure,” said Aseem Prakash, a professor of political science at the University of Washington who tracks environmental policy. “But frankly, it’s irrelevant. If Amazon is taking the right steps to transform this new industry, it’s a huge step. If they can revolutionize the trucking industry, the data center industry, the packaging industry, they are doing a great service to humanity.”Prakash said he would like to see Amazon disclose more specifics about plans to power its data centers with renewable energy. The company has also been reluctant to talk about using its influence as a massive buyer of goods to encourage green practices among manufacturers, he said.Amazon was among the hundreds of U.S. companies to sign on to a corporate commitment to meet the goals of the Paris Climate Accords when it became clear the U.S. would withdraw from the agreement.But Bezos went his own way in creating a new initiative. He recruited Figueres to co-found the Climate Pledge, which calls on companies to be net carbon neutral by 2040—a decade earlier than stipulated by the Paris accords. The pair said they would hold an annual conference for companies to share best practices for reducing their climate footprint. “Swallow the alarm clock,” she said. “We are running out of time. Science tells us we have about a minute left to get the work done we need to get done.”Amazon on Thursday also announced a $100 million donation to the Nature Conservancy to fund the Right Now Climate Fund, which engages in reforestation projects to remove carbon from the atmosphere.Bezos started the press conference by reviewing the accelerating state of climate change, which he called “dire.” But he also said he was optimistic that society can invent a solution. “When invention gets involved, when people get determined, when passion comes out, when they make strong goals, you can invent your way out of any box. That’s what we humans need to do right now.”\--With assistance from Matt Day.To contact the author of this story: Brad Stone in San Francisco at email@example.comTo contact the editor responsible for this story: Robin Ajello at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.