Walmart is launching a technology-startup incubator — called Store No. 8 — in Silicon Valley to focus on revamping its retail experience with new innovations like virtual reality, autonomous vehicles, drone delivery and personalized shopping. The retailer is hoping that move, which e-commerce CEO Mark Lore announced Monday at the ShopTalk conference in Las Vegas, will give the company a competitive edge over Amazon.

Why it matters: Store No. 8 is the latest for Walmart in its hot e-commerce streak. In the last two months alone, Walmart has bought three online retailers — ModCloth, ShoeBuy, and Moosejaw — to help diversify its online presence. And Lore, whose Jet.com store Walmart bought last year for $3 billion, has been spearheading the growth.

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Pelosi "absolutely" would skip August recess to reach coronavirus stimulus deal

Speaker Nancy Pelosi (D-Calif.) told CNN on Tuesday she would "absolutely" be willing to forego the House's August recess to reach a deal for another relief package to help the country battle the health and economic crises caused by the coronavirus.

The big picture: Pelosi indicated the package would earmark money for coronavirus testing and contact tracing, as well as assistance for state and local governments whose budgets are in dire financial straits due to revenue shortfalls caused by the recession.

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The U.K. was the most-prepared country for a pandemic — until it wasn't

Photo: Julian Simmonds/WPA Pool/Getty Images

One country was easily the best-prepared in the world to respond quickly to and mitigate the spread of an epidemic, according to the 2019 Global Health Security Index: Great Britain.

Reality check: When the coronavirus struck, the U.K. had arguably one of the least effective responses among rich countries, despite decades of preparation for just such an event. Its death toll ranks behind only the U.S. and Brazil.

Competitors ready to pounce on TikTok bans

Illustration: Aïda Amer/Axios

Growing security and privacy concerns over Chinese-owned short-video app TikTok have given a lift to alternatives like Byte and Dubsmash, which have seen spikes in downloads from smartphone users recently, according to data from SensorTower.

Why it matters: If TikTok's meteoric rise in popularity among U.S. youth gets slowed by rising tensions with China, or ended by a threatened ban by the Trump administration, American teens will still have to get their hits of meme-laden video somewhere.