Business Funding News: Profit slowdown at Wal-Mart + MORE 10/07/2016

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Robert Cyran and Richard Beales examine why the failure of tests for a single drug caused Alnylam Pharmaceuticals to lose half its $6 bln market capitalization overnight.

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The world’s largest retailer is forecasting that profit and capital spending will be flat next year as it boosts investment in e-commerce to better take on Amazon. Fred Katayama reports.

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The robot developed by Japan’s Softbank, “Pepper,” spent its first day on the job at a Taiwanese bank entertaining and interacting with customers. Fred Katayama reports.

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Oculus wants you to be able to socialize with friends in virtual reality, and to be able to reach out and touch things in a virtual environment.

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UK finance minister Philip Hammond is talking to bankers from Citi, BNY Mellon, Morgan Stanley, and Goldman Sachs to reassure them that London is still the world’s leading global finance hub despite its Brexit vote. Bobbi Rebell reports.

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