|Bid||1,236.54 x 2200|
|Ask||1,237.35 x 1000|
|Day's Range||1,232.31 - 1,244.34|
|52 Week Range||977.66 - 1,296.97|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||25.02|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,407.05|
Walgreens and FedEx will partner with Google Wing on drone deliveries of packages and goods. Walgreens stock and FedEx stock rose.
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.
(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, and a host of smaller companies, including Flirtey Inc., are also experimenting in the field.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.\--With assistance from Drew Armstrong.To contact the reporters on this story: Alan Levin in Washington at email@example.com;Thomas Black in Dallas at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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 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 firstname.lastname@example.orgTo contact the editor responsible for this story: Robin Ajello at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
An Australian review has found that delivery drones operating in the capital, Canberra, are too noisy. Alphabet's Wing operates drones in the city.
(Bloomberg) -- The impact of the Trump administration’s blacklisting of Huawei Technologies Co. was laid bare as the Chinese company unveiled a flagship Android-powered smartphone that lacks any licensed Google apps.Announced at an event in Munich on Thursday, the Huawei Mate 30 and Mate 30 Pro mark the brand’s first top-of-the-range device launch since it was forbidden in the spring from trading with American partners.Huawei Consumer Group Chief Executive Officer Richard Yu remained upbeat on stage during the company’s presentation, promising the phone would be a technological powerhouse with an unmatched new camera system.In May, the U.S. government blacklisted Huawei -- which it accuses of aiding Beijing in espionage -- forcing chipmakers, software developers and other component manufacturers to stop selling critical smartphone parts to the company.The ban’s reach affected Alphabet Inc.’s Google, maker of the Android mobile operating system, which is why the new Huawei phone doesn’t have apps such as Google Maps, YouTube or the Google Play Store. The Mate 30 Pro runs on a version of Android that’s free and open-source, meaning companies don’t need a license from Google to use it. Huawei calls it EMUI10. But without the all-important Play Store app repository, its still a barebones Android version underneath.Consumers will be able to can manually "side-load" some Google apps, or use available web versions, Richard Yu told reporters after the launch event. “We’re trying to make it okay for consumers but we need time to solve this issue,” he said. "The consumer can make a compromise. It’s a balance."On the inside, the Mate 30 Pro runs on the new Kirin 990 5G processor, made by Huawei subsidiary HiSilicon, which packs more than 10.3 billion transistors into a space the size of a fingernail. The chip also combines a graphics processor, a 5G modem and dedicated neural processing units for accelerating artificial intelligence tasks into one.Huawei and Samsung’s New 5G Chips Pose Threat to QualcommYu said Huawei’s testing on the China Mobile network showed the Mate 30 Pro able to achieve 5G download speeds of about 1,500 megabits-per-second -- a figure that far outstrips the average figures possible even on most domestic fixed line internet connections in the U.S. and Europe.Commenting ahead of Thursday’s launch, CCS Insight analyst Ben Wood said Huawei’s strong brand in Europe meant there “will be a market for any new products,” given the company’s “good track record in slick design and leading edge features such as multiple cameras.”“However, not having Google services will mean it’s a huge challenge for customers,” he added.Other features of the Huawei Mate 30 Pro include:A 165 millimeter (6.5 inch) OLED screenA quad-camera array with uncommonly large image sensors for a smartphone that capture photos at 40 megapixels, as well as ultra-slow-motion video at 7,680 frames per secondA powerful octa-core CPUWater and dust resistantA 4,500mAh battery and wireless chargingThe Mate 30 and Mate 30 Pro will go on sale in China next week and in Europe next month, costing 799 euros ($884) and 1099 euros respectively.Yu also announced Huawei’s folding phone, the Huawei Mate X, will go on sale in China in October. First announced in February, the phone supports next-generation 5G networks and is the second folding phone from a major manufacturer to go on sale this fall -- Samsung released the Galaxy Fold on Sept 6. It’ll be available in Europe next year, Yu said.(Updates with CEO quotes in 6th paragraph, pricing in penultimate.)To contact the reporters on this story: Nate Lanxon in London at firstname.lastname@example.org;Oliver Sachgau in Munich at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Microsoft scored a breakout after announcing a share buyback and a dividend increase. Here is how Microsoft stock's technicals and fundamentals look.
Disney CEO Bob Iger has left Apple's board of directors as the Disney+ and Apple TV+ video services prepare to go head to head.
Amazon is gearing up for its Great Indian Festival online event, which launches before Diwali. Flipkart's Big Billion Days will launch at the same time.
Codenamed Orion, Facebook's (FB) smart glasses are reportedly being designed to disrupt the smartphones market when it hits the shelves anywhere between 2023 and 2025.
Amazon's (AMZN) Amazon Music HD is likely to give tough competition to Apple, Spotify, Google and Sirius, which are also making every effort to bolster their presence in music streaming space.
Language barriers can hinder international commerce, but that problem is increasingly being solved by machine-based translation programs, which are becoming sophisticated enough to enable people in different countries to communicate as if they spoke the same language. Lily Chen, a sales manager with electronic-forklift company Taixing Jichuan Hydraulic Machinery Co. Ltd. in China, said she’s used Alibaba Group Holding Ltd.’s (BABA) built-in translation tools to communicate with buyers in Europe and the U.S. In an interview with MarketWatch using the technology, she explained that her English was “not very good” when she began as a salesperson and the translation software first helped her conduct professional communications with a customer in Germany and, later, with other buyers.
Technology firms must protect user privacy and prevent abuse of their platforms, India's IT minister said on Thursday, speaking as the government draws up a data privacy law and seeks to push companies to store more data locally. Federal Information and Technology Minister Ravi Shankar Prasad said he wanted Indians to have access to more technology platforms but said this should not undermine user privacy. "I have only one caveat - it must be safe and secure, it must safeguard the privacy rights of the individual and you must make extra efforts that people don't abuse the system," Prasad told industry executives at a gathering organized by Alphabet Inc's Google in New Delhi.
Huawei unveiled its new smartphones to challenge Apple's iPhone 11 on Thursday, talking up slick design and best-in-class features while playing down concerns about the lack of access to Google's popular apps. Connectivity was 50% faster than market leader Samsung's fifth-generation (5G) phones, chief salesman Richard Yu said.
Five National Health Service trusts have signed partnerships with Google to process sensitive patient records, in what are believed to be the first deals of their kind. The deals came after DeepMind, the London-based artificial intelligence company, transferred control of its health division to its Californian parent. DeepMind had contracts to process medical data from six NHS trusts in Britain to develop its Streams app, which alerts doctors and nurses when patients are at risk of acute kidney injury, and to conduct artificial intelligence research.
Huawei's [HWT.UL] new Mate 30 smartphone range will run on an open-source version of Google's Android operating system, a source familiar with the matter said ahead of a major launch event in Germany on Thursday. The world's No.2 smartphone maker has not been able to license the latest version of Android from Google, the Alphabet unit, because of an export ban imposed by the U.S. government in May. Equally, the flagship 5G device will not be able to use Google Mobile Services to access the Play Store and download apps like Gmail, Youtube or Maps.
(Bloomberg) -- Alphabet Inc.’s Google plans several big moves into digital payments in India, a country with a huge first-time internet user population that serves as a test-bed for innovations in smartphone technology.The U.S. search giant will start a service called Spot it hopes will get more merchants to adopt online payments, helping early partners including MakeMyTrip, home services marketplace UrbanClap and food delivery brand Oven Story set up branded shops using Google Pay. It’s also pushing digital tokens for mobile commerce, a feature the company will roll out with Visa Inc. for several Indian banks in the coming months, Google executives said.The effort is part of Google’s broader push into one of the world’s fastest-growing internet arenas. The Mountain View, California-based company will also open a research lab focusing on artificial intelligence applications in fields like health care and education, and it’ll offer public Wi-Fi to villages in three regions. Google will take any lessons learned in India to the more than two dozen countries where it offers digital payments.“When you build for India, you are building for the world,” Google Pay’s India head, Ambarish Kenghe, said in a phone interview ahead of a “Google for India” event in New Delhi on Thursday.Google’s commitment is to make the internet accessible and inclusive, said Caesar Sengupta, vice president of the company’s Next Billion Users Initiative and Payments. Aside from voice searches in Hindi, the Google Assistant will soon support eight more local languages. Translations will be added in the coming months. And Google’s speech-based Bolo app, intended to help children read, will also be available in five additional Indian languages with expanded content.Read more: Facebook and Google Chase a New $1 Trillion Payments MarketBut it’s in Indian payments that Google is making the biggest splash, joining other foreign players such as Facebook Inc.’s WhatsApp and local firms like Paytm in Asia’s No. 3 economy. Google Pay has grown threefold there over the past 12 months and now has 67 million monthly active users who made transactions worth over $110 billion during the period, Kenghe said.Prime Minister Narendra Modi’s government has been a big proponent of mobile technology as a way to connect the hundreds of millions of mostly rural residents and merchants underserved by a rickety traditional bank and credit card infrastructure. Google Pay for Business, a new app launching in India, is designed to ease India’s 60 million small businesses into the online commerce realm, letting them experiment with newfangled features such as video verification, Kenghe said.Credit Suisse estimates that the Indian digital payments market will touch $1 trillion by 2023 from about $200 billion currently. Cash still accounts for 70% of all Indian transactions by value, according to Credit Suisse’s analysts, and neighboring China is far more advanced with a mobile payments market worth more than $5 trillion already. That leaves room to grow.“The speed of adoption and growth has defied our expectations,” Sengupta said. “Our product is getting better every two weeks, backed by field researchers observing people in real-life environments in their homes and shops,” he said. “We will keep refining to ensure it’s the right product and service.”(Updates with executive’s comments from the sixth paragraph)To contact the reporter on this story: Saritha Rai in Bangalore at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Facebook is willing to go the extra mile to use hardware to grow user engagement for its social media and messaging platforms. Separately, CNBC reported that Facebook is working with eyewear giant Luxottica on augmented reality glasses meant to arrive sometime between 2023 and 2025. Like its original Portal devices, which launched a year ago, Facebook's new Portal products run Amazon.com's Alexa voice assistant, and can function as smart speakers.
Huawei launched its latest flagship phone on Thursday (September 19). The Mate 30 range was revealed at an event in Munich. Huawei claims the 5G handset is the most powerful on sale today. Just one one problem though. U.S. sanctions mean it may not be able to fit the phone with Google products like mapping and Gmail. Thursday's presentation saw it loaded with Huawei's own apps. And the firm didn't say whether it had access to U.S.-made software. The phone can, however, run on an older, open-source version of Google's Android operating system. The question is whether consumers will want a device shorn of top applications. Huawei has to hope they will. It's already lost five per cent of market share in Europe following the U.S. sanctions. Now the Mate 30 range will start at 799 euros, or about 885 dollars. Analysts think it stacks up well against Apple's new iPhone 11 on design, as well as hardware. Consumers will decide if that's enough to make up for any missing apps.