Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.


Reuters: Technology News

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Trump says he would accept dirt on political rivals

President Donald Trump says he would listen if a foreign government approached him with damaging information about a political rival — and wouldn’t necessarily report the contact to the FBI.


CNN.com – RSS Channel – Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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While SpaceX’s Internet Satellites Launch, a Rival’s Stock Price Blasts Off

Elon Musk’s SpaceX got a stratospheric number of headlines this week for lofting into orbit the first 60 operational satellites for its planned Starlink Internet service. But the startup will need to launch hundreds more satellites before offering even rudimentary Internet service from space–and almost 12,000 satellites to offer global, high-speed coverage.

Meanwhile, almost no one is writing about Viasat, one of the two major companies that already offer space-based Internet, albeit using a small number of traditional, massive satellites in geosynchronous orbit. Despite the lack of press, the company seems to be doing well.

On Thursday, Viasat


vsat



blasted through Wall Street’s expectations by reporting that its fiscal year revenue had risen 30% to $ 2.1 billion. For the quarter, revenue of $ 557 million was about $ 18 million over forecasts.

In reaction, Viasat’s stock jumped 7% on Friday to an all-time high of over $ 97. It’s now up 60% this year.

“We feel we’re just getting started and that we’ve got good momentum for the long-term,” CEO Mark Dankberg told analysts.

Viasat’s trajectory provides two important lessons for SpaceX Starlink and other similar efforts such as Jeff Bezos’ Project Kuiper and Masayoshi Son’s OneWeb. All of them plan to use large fleets of small satellites in low orbits to provide fast Internet service worldwide.

These new entrants market their services as if there are no existing competitors. Of course, Viasat and its top rival, EchoStar’s


sats



Hughes Communications unit, beg to differ.

Also, the old guard doesn’t provide Internet service everywhere. Rather, they offer service–speedy service at that–where large numbers of people live, like the United States, Europe, and South America.

Last year, Viasat introduced plans with speeds up to 100 Megabits per second though costing $ 150 per month after a promotional period. Hughes’ Gen5 service has slower download speeds, only up to 25 Mbps, but starts at just $ 40 a month.

Viasat and Hughes also offer service for planes, boats, and other craft that are beyond the reach of land-based Internet service. That means the newbies will, in some cases, have to steal customers from the two incumbents.

The second important thing to note is that the existing services are improving. Viasat is spending over $ 1 billion on new satellites with even higher capacities. The first school-bus-sized satellite is planned to go up over the U.S. in early 2021 and a second covering Asia about six months later.

Meanwhile, Hughes plans a new satellite in 2021 so that it, too, can offer 100 Mbps speeds.

To be sure, Starlink and its fellow startups have some advantages over the incumbent providers. Because their small satellites will fly at much lower orbits, there will be less latency for consumers using its service. That’s not an important consideration for watching Netflix or sending emails, where immediate two-way communication doesn’t matter. But it’s crucial for activities like web surfing and, especially, for online activities done in groups like live video gaming.

At the end of the day, the real test in the satellite space race is economic. Can the small satellites offer service more cheaply or to more people? We won’t know the answer for a few more years. But in the meantime, Viasat and Hughes aren’t standing still.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Joe Biden Raised More First-Day Contributions Than All His Democratic Rivals

Joe Biden raised $ 6.3 million in the 24 hours since announcing his presidential campaign, a haul that topped all of his rivals in the Democratic race.

The former vice president’s campaign said Friday that more than 96,000 people sent money with an average contribution amount of $ 41. Of those who contributed online, 97 percent gave less than $ 200.

Most of the top candidates have been touting their first-day contributions as a show of their support from voters. The biggest previous totals came from former Texas congressman Beto O’Rourke, who totaled $ 6.1 million, and Vermont Senator Bernie Sanders, who took in $ 5.9 million.

After months of preparation and speculation, Biden formally announced his campaign Thursday and started out with a lead in most polls, followed closely by Sanders. First-day fundraising has become an important benchmark for the top tier candidates. Biden’s total may help quiet doubters in the party who questioned his ability to raise money and sustain his front-runner status over the 10 months until the first actual nominating contest.

Biden’s haul is all earmarked for the nomination race, according to TJ Ducklo, a spokesman for the campaign. Ducklo tweeted that 65,000 donations were new donors whose names were not on the campaign’s existing email lists. Within 90 minutes of announcing his candidacy by video, the campaign received contributions from all 50 states, Ducklo said.

Like most of his rivals, Biden took a pledge to refuse contributions from corporate political action committees and registered lobbyists. Sanders and Massachusetts Senator Elizabeth Warren have vowed not to attend big-dollar fundraisers where donors who can write bigger checks have a chance to interact directly with candidates.

Philadelphia Fundraiser

Biden, 76, attended a fundraiser in Philadelphia Thursday night hosted by Comcast Corp. executive David Cohen and his wife Rhonda, and has an event planned on May 8 in Los Angeles with former Google chairman Eric Schmidt, movie mogul Jeffrey Katzenberg and Rufus Gifford, who served as finance director of former President Barack Obama’s reelection campaign, among the organizers.

But with such a wide field vying for support among donors, both big and small, it could be difficult for Biden to build the kind of financial advantage that normally goes with being an early front-runner. Many big donors are waiting for the field to eventually shrink before committing to a candidate.

Others have opened their checkbooks to multiple candidates. Katzenberg, among the earliest Hollywood heavyweights to back Obama in 2007, gave $ 2,800 apiece to three White House hopefuls during the first quarter of the year: Senators Kamala Harris of California, Cory Booker of New Jersey and Kirsten Gillibrand of New York. Schmidt donated $ 2,800 to Booker.

Biden’s late entry into the race has given his opponents a leg-up in assembling the war chests they’ll need heading into 2020’s compressed primary schedule, with just four weeks separating the Iowa caucuses in early February and the multi-state Super Tuesday contests.

Eight candidates reported to the Federal Election Commission that they ended March with at least $ 6 million in the bank. Sanders topped the list with $ 15.7 million.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Delivery startup Dumpling poaches rivals’ veteran employees

Grocery delivery giant Instacart is facing new competition in the supermarket aisles — including from its own workers. A startup called Dumpling secured nearly $ 5 million in funding this month as it challenges Instacart — as well as rivals Doordash and Postmates — including by poaching their veteran workers who deliver groceries to customers’ homes….
Business | New York Post

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Google fined €1.49bn for restricting rivals’ ads

Google has been fined €1.49bn (£1.28bn) by the EU for breaching competition laws with its AdSense advertising service – its third such fine in as many years.
Tech News – Latest Technology and Gadget News | Sky News

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Snapchat will launch a gaming platform, now that its rivals have copied everything else

Snapchat gaming platform

After being hampered by stagnant growth as its rivals relentlessly copy and repurpose its core features, the next era in the story of Snapchat is apparently at hand. And it will have gaming at its core.

The popular ephemeral messaging app is reportedly set to host a summit for content creators and developers in Los Angeles on April 4, during which the company will formally unveil what it’s been referring to internally as “Project Cognac” — a gaming platform that includes a slew of new games for Snapchat users to play that were developed by outside creators.

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Jeff Bezos told employees that fear of Amazon is overblown — some rivals are proving him right

Amazon CEO Jeff Bezos said in a March 2018 meeting that it's wrong for other companies to be so fearful of his company's outsize presence. In fact, many companies that mentioned Amazon as a competitor on earnings calls are doing very well.
Tech

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Gannett refused takeover fearing rival’s financial backing

Newspaper giant Gannett, which rejected a $ 1.4 billion takeover offer from its cost-cutting rival MNG, said it believes MNG lacked adequate funding for the deal. Gannett said its suitor’s executives failed to answer “basic questions” about the bid at a meeting last week. Gannett, which owns more than 100 papers including USA Today, said on…
Media | New York Post

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Trump shows weakness as 2020 rivals emerge

Donald Trump’s enemies smell blood in the water.


CNN.com – RSS Channel – Politics

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Amgen cuts price of cholesterol drug by almost 60%, echoing rival’s move

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations.
Health and Science

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From Ford to Volkswagen, rivals become frenemies to share the cost of building self-driving cars

The sheer cost and technological burden of developing self-driving cars, electric vehicles and other advancements has companies that have historically been fierce competitors becoming, at the very least, frenemies. 
Top News & Analysis

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