- U.S.People
Kayaker Goes on Facebook Live as He Struggles in the Ocean Shortly Before He Is Found Dead
“I am sorry you got lost and I couldn't find you," wrote a friend mourning Jeremy Worthy
321321 reactions - PoliticsDeadline
Kellyanne Conway Equates Standing In Line To Vote With Standing In Line to Buy A Cupcake
In a conversation with reporters on Wednesday, White House counselor Kellyanne Conway defended President Donald Trump’s repeated attacks on mail-in voting. She did so by likening the task of standing in line at a cupcake shop to waiting in line to vote at the polls. "People very proudly show up and go to the polls," […]
- BusinessBloomberg
Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its Heels
(Bloomberg) -- Amazon.com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.Shipping costs are one of Amazon’s largest expenses and may reach $90 billion in the coming years, Morgan Stanley’s internet, auto and transport analysts wrote in a report Wednesday. An autonomous offering could save the company more than $20 billion annually, they estimate.“Autonomous technology is a natural extension of Amazon’s efforts to build its own third party logistics network,” Morgan Stanley’s analysts wrote. They see the company being a “clear” competitor to the likes of Tesla Inc. and General Motors Co. and the potential for Amazon to compete in ride-sharing and food delivery. United Parcel Service Inc. and FedEx Corp. also “will have to respond to keep up.”Other companies in the automotive and chip industries have also held talks with Zoox about a potential investment, according to people familiar with the matter. At least one other business besides Amazon has offered to buy the company, they added. Zoox is unlikely to sell for less than the more than $1 billion that it has raised, according to the people, who asked not to be identified discussing private negotiations.“Zoox has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest,” the startup said Tuesday. It declined to comment on Amazon’s interest. A spokeswoman for Amazon declined to comment.Zoox had outsize ambition and financial backing. The startup wanted to build a fully driverless car by this year. However, after a 2018 funding round that valued Zoox at $3.2 billion, the startup’s board voted to oust Chief Executive Officer Tim Kentley-Klay. The executive criticized the move, saying the directors were “optimizing for a little money in hand at the expense of profound progress.”Dow Jones reported that Amazon is in advanced talks to buy Zoox for less than the $3.2 billion valuation from 2018.Amazon is willing to spend heavily to automate its e-commerce business. The online retail giant purchased warehouse robot-maker Kiva Systems Inc. in 2012 for $775 million and now has tens of thousands of robots in warehouses around the world.But paying drivers to deliver packages is still one of the biggest costs in the company’s operation. Chief Executive Officer Jeff Bezos announced plans for drone delivery in 2013, though they have yet to materialize at scale. Last year, Amazon revealed an experimental delivery robot called Scout in the Seattle area that rolls on sidewalks like a shopping cart.Last year, Amazon invested along with Silicon Valley venture firm Sequoia Capital in self-driving startup Aurora Innovation Inc., a startup led by the former heads of Google’s driverless car project and Tesla’s Autopilot team. Amazon also backed Rivian Automotive Inc., the electric pickup and SUV maker. Those bets left Morgan Stanley’s auto analyst questioning earlier this month whether Tesla’s rich valuation is warranted given the competitive threats the company faces.“We often hear from investors that Tesla could potentially be the Amazon of transportation,” Adam Jonas, who rates Tesla the equivalent of a hold, wrote in a May 17 report. “But what if Amazon is the Amazon of transportation?”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- U.S.USA TODAY
After enduring ventilators, body aches, fever, coronavirus survivors say states shouldn't be reopening
After enduring ventilators, body aches, and chills, coronavirus survivors say states reopening too soon could create a second wave of infections.
- CelebrityE!
Pregnant Katherine Schwarzenegger Calls Out Brother Patrick for Not Responding to Her Text
Katherine Schwarzenegger hilariously took matters into her own hands after her brother Patrick Schwarzenegger ignored her texts, calling him out on Instagram with a sassy comment.
- BusinessReuters
American Airlines says to cut management and support staff by 30%
American will first offer voluntary options to employees and will implement involuntary reductions if there is not enough take-up, Elise Eberwein, executive vice president of people and global engagement said in the letter. United Airlines Holdings Inc has also said it will need to reduce its management and administrative staff by about 30% once U.S. government payroll aid expires in the fall.
- U.S.Business Insider
Ford made its police SUV heat itself up to more than 133 degrees to kill the coronavirus
Ford worked with Ohio State and police departments to develop the tech. Ford has a longstanding relationship with law enforcement.
