Sources say Amazon is planning a service, "Shipping With Amazon," that will allow it to pick up packages from businesses and deliver them to consumers. Shares of UPS and FedEx slid on the news.
Uber settled a lawsuit alleging it ripped off self-driving car technology from Google's autonomous vehicle division. The ride-hailing service will pay Waymo a stock settlement valued at $245 million.
Tech giant Google is facing a class-action lawsuit over defects to its Pixel smartphones. The plaintiffs allege that Google knowingly sold defective Pixel and Pixel XL smartphones.
Wireless giant Qualcomm has laid out its 5G plans as a key pillar of its growth strategy, with 19 global wireless operators using its technology to trial the new ultra-fast networks.
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