Afternoon Coffee: What Amazon Buying Whole Foods Means for B2B, Brexit Negotiations Begin

Hoda Bogdan/Adobe Stock

In case you missed it, Amazon shook the business world Friday with its announced $13.7 billion acquisition of Whole Foods.

As our analysts Jason Busch and Pierre Mitchell noted in their quick take on the news, what’s curious about the deal “is not what Amazon’s purchase of Whole Foods — if approved by shareholders and if it passes regulatory hurdles — means for our own credit card bills. Rather, we’re keen to see what it means for Amazon Business and the intersection of business and consumer buying,” including the death of brands, conquering the last mile of the grocery supply chain and even the future of the corporate catering business.

Brexit Talks 

Negotiations over the U.K.-E.U. divorce process will begin Monday in Brussels, and the expected results are still anyone’s guess. Several business groups in the U.K. made a joint plea to Prime Minister Theresa May’s embattled government, hoping to keep the island nation in the E.U.’s common market.

APEX and IBM Watson

APEX Analytix announced last last week the launch of APEX Archimedes, a “digital innovation system integrating IBM Watson to drive continuous financial improvement,” according to a press release. IBM Watson is being integrated into APEX Analytix software to act on unstructured data and natural language.

Consumer Sentiment 

And finally, an economic update: The University of Michigan’s preliminary June reading on consumer sentiment fell to 94.5 from May’s final figure of 97.1, the lowest level since November, according to the Wall Street Journal.

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