Walmart launches a tech incubator in Silicon Valley

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 store Walmart bought last year for $3 billion, has been spearheading the growth.

What's next

⚖️ Live updates: Opening arguments begin in Trump impeachment trial

The second day of the Senate impeachment trial of President Trump will see a full day of opening arguments from Democratic House impeachment managers.

What to watch for: Democrats now have 24 hours — spread out over three days — to take their time to lay out their case against the president's alleged abuse of power and obstruction of Congress. It'll also allow them to highlight gaps that could be filled out by additional witnesses and documents from the administration.

This post will be updated with new developments as the trial continues.

Go deeperArrowJan 21, 2020 - Politics

Axios Dashboard

Keep up with breaking news throughout the day — sign up for our alerts.

America's homelessness crisis isn't going away

Illustration: Aïda Amer/Axios

If the opioid epidemic was the top issue plaguing American cities in the last five years, the most urgent problem of the next five is homelessness, a group of American mayors told reporters in D.C. this week.

Why it matters: Homelessness in the U.S. was on the decline after 2010, but it started to increase again in 2016 — and without moves to address the affordable housing crisis driving the issue, we can expect it to keep getting worse, experts say.

Go deeperArrow2 hours ago - Cities