Rapid bitcoin rally cheers crypto market investors, others wary

LONDON (Reuters) - Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution.

Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday and more than doubled in price so far this year. At 1612 GMT it was up 0.8% at 7,874..

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Walmart fights back against Amazon with one-day shipping in some U.S. markets

WASHINGTON (Reuters) - Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer - a move that will intensify the race to deliver orders to shoppers faster.

On April 25, Amazon said it plans to deliver packages to members of its loyalty club Prime in just one day and expects to spend $800 million toward the shipping goal in the second quarter alone.

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OPEC sees more 2019 demand for its oil as it keeps cutting output

LONDON (Reuters) - OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.

But the Organization of the Petroleum Exporting Countries, in a monthly report, said its output fell in April. Top exporter Saudi Arabia cut output despite oil prices hitting a 2019 high above $75 a barrel and U.S. President Donald Trump urging action to lower prices.

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Huawei willing to sign 'no-spy' pacts with governments: chairman

LONDON (Reuters) - Huaweiis willing to sign no-spy agreements with governments, including Britain, the Chinese telco company’s chairman said on Tuesday, amid U.S. pressure on European countries to shun the firm over espionage concerns.

Washington has told allies not to use Huawei’s technology to build new 5G networks because of worries it could be a vehicle for Chinese spying, an accusation the company has denied.

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ChargePoint sounds alarm on electric vehicle charging standards

FRANKFURT (Reuters) - A leading operator of charging stations has sounded the alarm on a proposed technical standard that it says could hamper mass adoption of electric vehicles by making it harder to charge them at home or at work.

ChargePoint, which plans to run 2.5 million charging stations by 2025, says the standard would perpetuate an old ‘gas station’ model that automakers are backing as they launch mass production of battery-powered cars.

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Timeline: PillPack’s grand plan to revolutionize prescription drugs

PillPack CEO TJ Parkers vision for a new kind of pharmacy experience began when he was a teenager, working summers at his dads pharmacy. While at pharmacy school, he met Elliot Cohen, a software engineer, and the pair founded a business to make it easier for people with multiple, chronic medical conditions to take their meds. After four years, with a lot of ups and downs, the company was acquired by Amazon for $753 million in June of 2018.

At that time, PillPack was generating more than $130 million in revenue and on track to top $1 billion by 2020.

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Facebook is not a monopoly, and breaking it up would defy logic and set a bad precedent

Facebook co-founder Chris Hughes laid out his arguments for breaking up the company in a lengthy op-ed for The New York Times on Thursday.

The essence of his argument seems to be that a single person, Mark Zuckerberg, has too much control over the communications platforms, including Facebook, Instagram and WhatsApp, that billions of people use. Therefore, the government should force Facebook to divest its other communications platforms and create a new agency to regulate tech companies, particularly around privacy.

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