News

Corporate Collaborations

Kimberly Redmond | Equities.com |

Gap Inc (NYSE: GPS) will begin selling a new home goods brand exclusively through Walmart Inc’s (NYSE: WMT) website next month under a partnership between the two retailers.

The Gap Home collection — Gap’s first venture into the home category — features more than 400 products, ranging from décor to bedding to bath goods and will go on sale June 24 at Walmart.com/GapHome, according to a press release issued Thursday.


Edward Kim | Equities.com |

Merck & Co Inc will help make rival Johnson & Johnson’s single-shot COVID-19 vaccine in a partnership set to be announced on Tuesday by U.S. President Joe Biden, a White House official said.

J&J’s vaccine production has been slower than promised. Under its contract, the company was supposed to deliver 12 million doses by the end of February, but had less than 4 million ready to ship when the vaccine was authorized on Saturday.


Kimberly Redmond | Equities.com |

Target Corporation announced Thursday it will open 17 mini Apple Inc shops inside of its stores this month and plans to expand to additional locations by fall.

Apple products are already sold at Target, but the retailer plans to double the tech giant’s footprint in these stores by setting aside dedicated space for products, accessories and demonstrations. The shop-in-shops will include new lighting fixtures and displays for Apple products and will be staffed by Target tech consultants who will receive specialized training.


Reuters | Equities.com |

South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric vehicles, sending the automaker’s shares skidding a month after it said it was in early-stage talks on cars with the tech giant.

Shares in Hyundai and its affiliate Kia Corp slumped 6.6% and 14% respectively as of 0204 GMT while the broader market KOSPI benchmark dropped 1%.

In separate regulatory filings, Hyundai and Kia both said, “We are not having talks with Apple on developing autonomous vehicles.”