Amazon is lowering prices at Whole Foods

This week's highlights: We met Accenture's fintech lab — here's what we think , Amazon is using smaller warehouses in big cities , Volkswagen is introducing a cheap fully electric vehicle in Europe , and much more

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WEEKEND ROUNDUP Amazon is lowering prices at Whole Foods by about 20% Amazon has announced that it's lowering prices at Whole Foods on hundreds of customer favorites. The average price cut will be 20%, and emphasis will be placed on lower prices for produce and meat, according to documents viewed by The Wall Street Journal. The cuts are scheduled to last at least through the end of 2019. The grocer will also be doubling the number of weekly deals available exclusively for Prime members, saying that it's planning over 300 deals over the next few months. Amazon is likely trying to make Whole Foods a more tempting option for consumers, particularly its Prime members. Business Insider Intelligence's Gregory Magana has the full story. Business Insider Intelligence Daily is just a preview of Business Insider Intelligence. Get started, risk-free today to unlock research reports, briefings, industry forecasts, exclusive data, and more. BRIEFING HIGHLIGHTS We met Accenture's fintech lab — here's what we think Business Insider Intelligence attended Accenture's FinTech Innovation Lab Graduation Day 2019, where we gained insight into what this sort of accelerator could mean for the fintech industry. Read More → Amazon is using smaller warehouses in big cities Amazon is using a smaller version of its warehouses to efficiently fulfill orders in urban areas where it can be difficult to fit full-size warehouses. Read More → Volkswagen is introducing a cheap fully electric vehicle in Europe German auto giant Volkswagen (VW) is planning to introduce a new fully electric vehicle (EV) in Europe that will be priced at or below $22,500. Read More → Qualcomm showcases 5G's strongest industrial applications Qualcomm is demonstrating the utility of its 5G chipsets and antennas with a live 5G network and a range of industrial IoT (IIoT) applications at this week's Hannover Messe 2019, an industrial technology trade show. Read More → Federal Bank partners with Ripple on blockchain remittances Major Indian bank Federal Bank is partnering with distributed ledger fintech Ripple to enable blockchain-powered remittances, according to a letter issued by the bank. Read More → Amazon advertising, explained Advertising is Amazon's fastest-growing segment: In 2018, Amazon made $10.1 billion from advertising, up 115% from about $4.7 billion in 2017. Read More → Verizon's early mobile 5G network launch positions it to become a leader in the 5G era Verizon reached a milestone by launching its mobile 5G network in Chicago and Minneapolis a week earlier than expected; originally, the firm stated its mobile 5G network would be available on April 11. Read More → NFL sees early success with its new cashless policy Mercedes-Benz Stadium, a National Football League (NFL) stadium in Atlanta, went completely cashless on March 10 in an effort to cut down on lines and increase efficiency and sales volume. Read More → CMS will give $1 million to top AI developer The Centers for Medicare and Medicaid Services (CMS) launched a new challenge that pits artificial intelligence (AI) developers against each other to create algorithms that can best predict unplanned hospitalizations. Read More → Amazon released new software that makes its Alexa voice assistant HIPAA-compliant Amazon released new software that makes its Alexa voice assistant compliant with the Health Insurance Portability and Accountability Act (HIPAA), opening the door for the tech giant to strengthen its foothold in healthcare. Read More → Did a friend forward you this newsletter? Get it daily by clicking here. RESEARCH IN FOCUS The Future of Fintech The pace of change in financial services has never been faster. In only the first quarter of 2019, Apple Card sent a shock wave through the credit card space, FIS' $35 billion Wirecard acquisition set a record in the payments industry, and Fifth Third's acquisition of MB Financial minted a new top-five bank. In the Future of Fintech deck, Business Insider Intelligence's fintech research team analyzes the five most important megatrends reshaping financial services with detailed data, analysis, and and actionable insights for financial services providers. Learn More → The Amazon Fulfillment Report Outside of the US Postal Service (USPS), FedEx and UPS have dominated the domestic logistics industry — and in particular, the last-mile of the delivery — for decades. In a new report, Business Insider Intelligence explains how the age of e-commerce is opening up cracks in this duopoly. We then outline how Amazon's logistics ambitions began as an effort to more quickly get parcels out the door and fulfill its famous 2-day shipping process and how it'll be a key building block for the company if it builds out a last-mile service. Lastly, we offer concrete steps that the firm must take to maximize the dent it makes in UPS and FedEx's duopoly. Learn More → The Telecoms and Technology Forecast Book 2019 5G is coming, and wireless networks are poised for transformation thanks to its blazing fast connections, near-instantaneous response times, and massive device support. The networks will support over 1.5 billion 5G phones in use worldwide by 2024. To help navigate this fast-changing landscape, Business Insider Intelligence has forecast the key figures that will define the next five years for telecommunications and technology leaders. The Telecoms & Tech Forecast Book gives you the data you need to make decisions on how to navigate the quickly evolving mobile, communications, and technology space. Learn More → Do you already have Business Insider Intelligence access through your company? Check here. CHARTS OF THE WEEK Automakers' AI efforts are lagging in R&D, engineering, and supply chain management. E-tailers need a strategy to attract consumers who plan their online purchases. Netflix, Amazon Prime Video are more popular than pay-TV. Business Insider Intelligence Daily is a free newsletter highlighting topics the Business Insider Intelligence research team finds interesting. Published around 5pm ET Monday through Friday. BECOME A MEMBER You can gain access to everything Business Insider Intelligence produces - ALL of our extensive research reports, newsletters, and data - when you claim your Business Insider Intelligence PREMIUM pass. 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