U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Walmart Inc. will be upgrading its delivery vans and shifting to electric vehicles as part of its goal of achieving net-zero emissions by the year 2040. For this, the retail company has signed a contract with Canoo Inc. for the purchase deal of about 4,500 vehicle units.
According to Reuters, the financial terms of Walmart and Canoo were not divulged to the public. The former already revealed its plans to expand its transportation fleet and will use electric, natural gas-powered, and hydrogen-powered vehicles in June.
At that time, the company also mentioned it will partner with makers of such types of vehicles such as the Daimler Truck's Freightliner and Cummins Inc. Earlier this year, Walmart also made reservations for 5,000 electric delivery vans with General Motors' BrightDrop which makes EVs for commercial use.
Walmart is just one of the major companies that are pushing to have their own fleet of electric vehicles for deliveries and other commercial use. One reason for this is that most governments around the world are demanding firms to cut their CO2 emissions.
In fact, as a response to the calls, Amazon, FedEx, and United Parcel Service Inc. have made big changes in their delivery fleets by securing orders for electric delivery vans. Some of these firms have already deployed the EVs on the field. And now, Walmart is making an announcement about including the Canoo electric delivery vehicles in its business operation.
"We are proud to have been selected by Walmart, one of the most sophisticated buyers in the world, to provide our high-tech, all-electric, American-made Lifestyle Delivery Vehicle to add to their impressive logistics capabilities,” Canoo’s chairman, investor and chief executive officer, Tony Aquila, said in a press release. “Our LDV has the turning radius of a small passenger vehicle on a parking friendly, compact footprint, yet the payload and cargo space of a commercial delivery vehicle.”
He went on to say, “This is the winning algorithm to seriously compete in the last mile delivery race, globally, and Walmart's massive store footprint provides a strategic advantage in today's growing 'Need it now' mindset and an unmatched opportunity for growing EV demand, especially at today's gas prices."
