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Fitbit Inc. (NYSE: FIT) and Adidas will release a smartwatch aimed at market leader Apple Inc. (NASDAQ: AAPL). Fitbit has been troubled by spotty sales since its IPO. Its shares trade at $6, down from a 52-week high of $17.18.
New York City raised the minimum price of a pack of cigarettes to $13 and blocked pharmacy sales.
Domino’s Pizza Inc. (NYSE: DPZ) and Ford Motor Co. (NYSE: F) will test the driverless delivery of pizza in Ann Arbor, Michigan. Russell Weiner, president of Domino’s USA, said:
We’re interested to learn what people think about this type of delivery. The majority of our questions are about the last 50 feet of the delivery experience. For instance, how will customers react to coming outside to get their food?
It may depend on if it is raining.
Renault and Nissan have set a partnership with a Chinese company to work on an electric car. According to Reuters:
Nissan Motor and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global automakers aiming to make such vehicles in China.
The automakers are attempting to tap into a boom for such cleaner “new energy” vehicles in the world’s biggest auto market and gearing up to meet its anticipated stringent plug-in car quotas.
Hurricane Harvey has started to have an effect on gas prices. According to the AAA:
As Hurricane Harvey blasted Texas, gas prices shot up across the country. At $2.37, today’s national gas price average is four cents more expensive on the week and one of the largest one-week national gas prices surge seen this summer.
The organization expects the price to move higher in coming days.
Amazon.com Inc. (NASDAQ: AMZN) and Apple have set systems to get aid to victims of Hurricane Harvey. The money is sent to the Red Cross.
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