Bloomberg’s Shannon Pettypiece reports on the impact Wal-Mart has on small communities when it comes in, opens shop, and then leaves. Video Bloomberg Business
U.S.-based Johnson Controls and Ireland-based Tyco have agreed to merge whereby the company will be based in Ireland in order to take advantage of favorable tax status. WSJ’s Dana Mattioli joins Lunch Break to explain how the deal could reignite controversy over so-called inversion deals. Video Wall Street Journal
Hyperloop Transportation Technologies (HTT) filed for construction permits in Quay Valley, California for a five mile track.
Aug 20 — JumpStarter and Hyperloop CEO Dirk Ahlborn discusses developing the technology to power Hyperloop with Matt Miller on “Bloomberg West.” (Source: Bloomberg)