Amazon’s foray into health-care supply chain wanes, UBS says; IBM closes Red Hat deal for cloud muscle; Mexico auto imports up

A survey by UBS Group has shown that Amazon.com Inc.’s move into distribution of health-care supplies and equipment has lost speed, Bloomberg News reports. The survey said hospital purchase managers are buying fewer medical supplies from Amazon compared to last year, while increasing the amount of office supplies purchased from the online retailer, Bloomberg reports.

IBM closes $34 billion acquisition of Red Hat

IBM announced Tuesday that it has closed its $34 billion acquisition of Red Hat, an open source, enterprise software maker, CNBC reports. Red Hat will now be a unit of IBM’s Hybrid Cloud Division. The acquisition is IBM’s largest deal ever, and it is one of the largest deals in U.S. tech history.

Mexican auto imports hit record rate in first half of 2019

A Mexican auto industry trade group released new data this week reporting that vehicles assembled there made up 16.3% of the U.S. auto market for the first half of 2019, or 1.37 million vehicles. This is 13% higher than the same time last year, setting 2019 up to be another record-breaking year for Mexican auto imports. President Donald Trump recently dropped the threat of placing escalating tariffs on every product imported to the U.S. from Mexico. This recent data confirms the majority of U.S. automakers are continuing to add and expand assembly lines in Mexico, CNBC said.

U.S. State Department greenlights $2.2 billion arms sale to Taiwan

Reuters reports that the U.S. State Department had passed the possible sale to Taiwan of M1A2T Abrams tanks, Stinger missiles and other equipment valued at an estimated $2.2 billion, regardless of Chinese criticism of the deal.

According to a statement by the Pentagon’s Defense Security Cooperation Agency, the sale requested by Taiwan, including 108 General Dynamics Corp (GD.N) M1A2T Abrams tanks and 250 Stinger missiles, would not shift the basic military balance in the region.

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