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After Amazon made a shocking announcement about its acquisition of Whole Foods, Inc., analysts speculated about what comes next. Now we know. Amazon has filed trademarks for the meal kit delivery niche, and looks poised to dominate its new market. How big a bump can it be for Jeff Bezos and co? How bad are things looking for Blue Apron?
Read The Capitalist’s Take Here
Read More at Reuters Here
Read More at USA Today Here
UBER REELING; SUSPENDS SERVICE IN MACAU
Uber Technologies Inc will suspend its services in Macau from July 22 as it has not been able to unlock the full benefits of ride sharing in the gambling hub, in another blow to the firm that is fighting legal scrutiny in many Asian markets.
This is the second time Uber has decided to pause its operations in Macau. The prior plan had been triggered by steep fines imposed on its drivers in the Chinese-ruled territory, but the company in September did a U-turn and decided to stay on citing support from residents.
Read More at Metro US Here
Read More at South China Morning Post Here
Read More at Teletrader Here
WALT DISNEY COMES UNDER VISUAL EFFECTS LAWSUIT FOR BEAUTY AND THE BEAST
A lawsuit against Walt Disney Co. has roped the entertainment giant into a long-running legal dispute over ownership rights to a visual-effects technology, potentially threatening the company’s ability to profit from the top-grossing movie so far this year.
Rearden LLC, a company controlled by Silicon Valley entrepreneur Steve Perlman, on Monday sued Disney in U.S. District Court in San Francisco, alleging copyright, patent and trademark infringement, stemming from Disney’s use of a facial-capture technology in the March blockbuster “Beauty and the Beast,” as well as 2014’s “Guardians of the Galaxy” and 2015’s “Avengers: Age of Ultron.”
Read More at The Wall Street Journal Here
Read More at The Street Here
Read More at Business Wire Here
Closing Bell
– Monday, July 17th
Markets Close Flat Ahead of Earnings
Big Insider Trades
– JPMorgan Chase & Co. (JPM) CFO Marianne Lake Sells $1.7m
– NextEra Energy Partners LP (NEP) President of GP Armando Pimentel Buys $200k
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