Walmart announced Friday that some of its stores and Sam's Club locations will add tap-to-pay options in the U.S. beginning Monday.
Why it matters: Tap-to-pay has eluded Walmart customers, who instead had to rely on the company's Walmart Pay system, which required scanning QR codes at checkout.
President Trump said Friday that he would temporarily increase beef imports free of tariffs and that he had secured a commitment to sell the meat at 25% below current market prices.
Why it matters: A global shortage of cattle has driven up red-meat costs for processors and retailers, making burgers and steaks more expensive on menus and grocery shelves.
Marc Lore has agreed to sell his control stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx to billionaire investor Marc Stad at a $4.5 billion enterprise value, Axios has confirmed.
Why it matters: The NBA's ownership merry-go-round is spinning furiously, as this comes just a week after Mark Walter agreed to sell the Los Angeles Lakers to Joshua Kushner and Bob Iger for $12.5 billion.
Banca Monte dei Paschi di Siena has offered to buy rival Italian lenders Banco BPM and Banca Generali for a combined €34 billion in stock. The two offers aren't "conditionally linked," which means that either could happen without the other.
Why it matters: Banca Monte has been trying to repel a takeover by Italy's largest bank, Intesa Sanpaolo. This new effort could make Intesa's bid look more anticompetitive.
