Oct 16, 2018

Walmart lowers earnings expectations citing Flipkart acquisition

Photo: Robyn Becky/AFP via Getty Images

Walmart expects earnings to take a hit from its FlipKart acquisition in the coming year, and predicts online sales will slow from its current pace in the next fiscal year, the company said on Tuesday.

The details: Walmart is upping the ante to keep up with Amazon, but its e-commerce business is projected to grow 35% in fiscal year 2020, compared to the 40% it's on pace to grow in the current year, per Reuters. The company also said it plans to open 3,100 grocery pickup locations and over 1,500 grocery delivery stations in the next few years.

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Coronavirus accelerates AI in health care

Illustration: Sarah Grillo/Axios

From predicting outbreaks to devising treatments, doctors are turning to AI in an effort to combat the COVID-19 pandemic.

Why it matters: While machine learning algorithms were already becoming a part of health care, COVID-19 is likely to accelerate their adoption. But lack of data and testing time could hinder their effectiveness — for this pandemic, at least.

Live updates: Crewed SpaceX launch postponed due to weather

The Falcon 9 rocket with a Crew Dragon atop. Photo: SpaceX

SpaceX's attempt to launch NASA astronauts Doug Hurley and Bob Behnken has been postponed due to weather. They could attempt to launch again as soon as Saturday.

Why it matters: If all goes well, the launch — now expected to happen at 3:22 p.m. ET on Saturday — will mark the first time a private company has successfully launched people to orbit and the first crewed, orbital rocket launch from the U.S. in 9 years.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 5,647,961 — Total deaths: 353,011 — Total recoveries — 2,325,227Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 1,692,786 — Total deaths: 99,783 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Business: African American business owners have seen less relief from PPP, Goldman Sachs saysDisney plans phased reopening on July 11Author Ann Patchett says bookstores are innovating to stay connected with customers.
  5. 1 🎶 thing: Local music venues get rocked by coronavirus.
  6. 🎧 Podcast: Trump vs. Twitter ... vs. Trump.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 51 mins ago - Politics & Policy