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News Highlights: Top Company News of the Day

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08/23/2019 | 09:16am EDT
Amazon Deal Opens Door to Bigger Footprint in India 

Amazon has signed an agreement that would give it the option to take a significant stake in one of India's largest retailers.

Huawei Launches AI Chip in Push to Unseat U.S. Makers 

Huawei trumpeted its first high-end artificial-intelligence processor, the Chinese telecom giant's latest attempt to challenge Silicon Valley in advanced technology.

UBS Faces Client Backlash Over Options Strategy 

A complex investment strategy pitched as low-risk by stockbrokers at UBS has triggered a backlash from clients of its securities unit.

Amazon Has Ceded Control of Its Site. The Result: Thousands of Banned, Unsafe or Mislabeled Products 

Just like other tech companies that have struggled to tackle misinformation on their platforms, Amazon has proven unable or unwilling to effectively police third-party sellers on its site. A Wall Street Journal investigation found 4,152 items declared unsafe by federal agencies, deceptively labeled or banned by federal regulators.

India's Oyo Buys Las Vegas Hooters Hotel 

Oyo Hotels & Homes and its partner Highgate pay $135 million for the Hooters Casino Hotel in Las Vegas as part of a global expansion.

Google Disables YouTube Channels for Alleged Disinformation Campaigns in Hong Kong 

Google pulled 210 YouTube channels from its platform, saying that they appeared to be part of a coordinated disinformation campaign in response to pro-democracy protests in Hong Kong.

CMA Orders RBS and Santander to Fix PPI Breaches 

The U.K.'s Competition and Markets Authority ordered Royal Bank of Scotland and Santander U.K. to fix payment protection insurance breaches after they failed to properly inform thousands of customers that they had the policy.

UK Regulator Considers Providing Cannabis-Based Drugs to Treat Epilepsy 

A U.K. health watchdog said that it is in talks with GW Pharmaceuticals over recommending the company's cannabis-derived medicine for use by the country's National Health Service to treat epilepsy.

FAA Seeks Pilots' Input to Establish New 737 MAX Procedures 

The U.S. Federal Aviation Administration is asking pilots from airlines that fly the Boeing Co. 737 MAX to participate in simulator testing to help validate new procedures for the plane that was grounded in March following two crashes.

Walmart to Reopen El Paso Store Months After Shooting 

Walmart plans to reopen the El Paso store where a gunman killed 22 people, but it will first entirely renovate the interior and add an on-site memorial.

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -0.72% 1229.84 Delayed Quote.17.69%
APHRIA INC -3.50% 15.15 End-of-day quote.0.00%
AURORA CANNABIS INC -2.34% 6.67 Delayed Quote.-1.62%
AUXLY CANNABIS GROUP INC 3.45% 0.9 Delayed Quote.-1.10%
BOEING COMPANY (THE) -1.31% 379.39 Delayed Quote.19.21%
CANNTRUST HOLDINGS INC -4.97% 1.72 Delayed Quote.-73.82%
CANOPY GROWTH CORP -3.78% 33.6 Delayed Quote.-8.22%
CRONOS GROUP INC 0.00% 13.6 Delayed Quote.-5.42%
GREEN ORGANIC DUTCHMAN HOLDINGS LTD 9.35% 2.69 Delayed Quote.9.35%
HEXO CORP 11.45% 5.84 Delayed Quote.23.99%
LIBERTY HEALTH SCIENCES INC -1.06% 0.465 Delayed Quote.-49.46%
OYO CORPORATION -1.73% 1134 End-of-day quote.3.09%
ROYAL BANK OF SCOTLAND GROUP 2.64% 213.5 Delayed Quote.-1.48%
SUPREME CANNABIS COMPANY INC -0.72% 1.38 Delayed Quote.4.55%
TILRAY INC -3.20% 29 Delayed Quote.-58.89%
UBS GROUP -0.65% 11.425 Delayed Quote.-6.62%
WALMART INC. -0.11% 116.98 Delayed Quote.25.58%
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