Amazon To Buy Whole Foods, Trump Adopts Harder Line on Cuba, and More
Amazon is looking to get into the brick-and-mortar grocery store business. And it’s starting this effort with a bang: It’s purchasing Whole Foods in a deal valued at $13.7 billion.
The deal comes a month after Whole Foods announced a board shake-up and cost-cutting plan amid falling sales. Read the story from The AP.
But this might not be the only deal Amazon has up its sleeve. The retail giant is also looking into buying work chat platform Slack, according to people familiar with the situation. Buying Slack would help Seattle-based Amazon bolster its enterprise services as it seeks to compete with rivals like Microsoft and Alphabet Inc.’s Google. Read the story from AdAge.
In other business-related news, Nestle said it may sell its U.S. confectionery business amid sluggish demand for chocolate. And Walmart is going to acquire men's clothing retailer Bonobos for $310 million in cash.
Trump on Cuba
President Trump is expected to roll back some of his predecessor’s policies on Cuba regarding travel and trade. He won’t go so far as to sever diplomatic ties with Havana or shutter the U.S. embassy that reopened there in 2015. But he will impose new limits on commercial transactions that involve the Cuban military. And Americans will no longer be allowed to travel to the island on their own for “people-to-people” purposes, once the new rules are in place. Read the story from NPR.
Pence Hires a Lawyer
The vice president has hired Richard Cullen, a former U.S. attorney and member of George W. Bush’s legal team during the 2000 recount, to respond to inquiries from special counsel Robert Mueller. Read the story from NPR.
Tips Lead To Arrest of Wanted Man
Polygamous sect leader Lyle Jeffs has been on the run for a year, after he slipped out of his house arrest monitoring bracelet. He was set to go on trial in an alleged multimillion-dollar food stamp fraud scheme before his escape. Now he’s been caught. Read the story from The AP.