U.S. economy grows 3 percent in third quarter
The U.S. economy expanded at a 3 percent annual pace in the July September quarter, aided by business investment and consumer spending despite Hurricanes Harvey and Irma. Unemployment sits at a 16 year low as exports rise and stocks gain. Analysts debate tax cuts and Fed rate moves ahead.
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Washington
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Federal Reserve
United States
Donald Trump
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Capital Economics
Congress
CVS Aetna merger eyed to stave off Amazon pharmacy entry
CVS Health bids $66 billion for Aetna, aiming to gain members and bargaining power in drug pricing. Analysts see the deal as diversifying profits before Amazon expands into pharmacy, with insurers seeking in house PBMs. CVS, Anthem, UnitedHealth move toward self managed drug negotiations.
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Online retailers push AI to solve fit and sizing challenges
New York retailers led by Amazon push AI driven tools to improve online fit. Shoppers provide height weight and age and receive body shape based recommendations, with AR style try ons from Levi’s Gap and Rakuten Fits Me partners.
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Amazon
Macy’s
U.S
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Vicky Zadeh
Rakuten
QVC
Levi’s
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Levi's
Marc Rosen
Levi
Gap Inc
Google
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Sebastian DiGrande
Facebook Plans Expanded Political Ad Disclosures
Facebook will require federal political advertisers to verify identities and locations and will add paid-for-by disclosures. An archive of federal election ads will let users view historical campaigns. The feature, starting in Canada then the United States ahead of midterm elections, mirrors increases in transparency before congressional hearings.
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U.S
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