77 percent https://fivethirtyeight.com/features
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Posted On: 05/10/2018 9:17:21 AM
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77 percent
https://fivethirtyeight.com/features/signific...cid=SigDig
Walmart is paying $16 billion for a 77 percent stake in Flipkart, the largest e-commerce startup in India. This is the biggest deal in the history of e-commerce, and it should allow Walmart to compete with Amazon in the world’s largest democracy. [BuzzFeed]
$5,000
Dr. Dre, hip-hop star, has lost a trademark lawsuit against Dr. Drai, gynecologist. Dre, who founded a company that later sold to Apple for $3 billion, objected in 2015 when Dr. Draion Burch tried to trademark “Dr. Drai.”
Burch has a brisk business charging $5,000 per speaking engagement and selling his book, “20 Things You May Not Know About A Vagina.” The ruling said Dr. Dre, who is not a medical doctor, failed to demonstrate that people would be confused when purchasing Dr. Drai’s wares. [BBC]
$4,082,015
Seattle collected at least $4,082,015 from its new tax on sweetened beverages in its first three months of implementation. The tax is 1.75 cents per fluid ounce.
Diet sodas and drinks based on milk are exempt from the tax — it’s only the sugary drinks that are in the crosshairs. Proceeds of the tax go to healthy food programs, learning programs and scholarships. [Seattle Times]
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