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Walmart expands baby products line

The markets advanced during the midday with the Dow gaining 71 points to 22,355. Nasdaq surged 78 points to 6,458.


Walmart is expanding its baby products line in order to tap Millennial consumers. Approximately 120 new items will be introduced while nearly 100 products will be upgraded. Walmart's Parent's Choice brand will begin offering environmentally friendly diapers and wipes, organic baby food, and spill-proof soppy cups.


The United Kingdom warned Boeing that it may lose opportunities to secure British defense contracts. A Boeing complaint that rival Bombardier received unfair subsidies from Canada prompted the U.S. Department of Commerce to impose a 220% import tariff on Bombardier's CSeries jets. The wings of the CSeries jets are made in Belfast.


In order to ease anticompetitive concerns raised by the European Union, Google will create a new unit for its shopping service. The new unit will operate independently of the search engine and must bid against competitors for ads to be placed at the top of a search page. Google has already been fined $2.8 billion for stifling competition.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 12 points to 2,509. Bitcoin rocketed $226 to $4,136.


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