Apple Card will approve customers with low credit scores

This week's highlights: Uber Eats saw a big Q2 jump, GM and VW will longer make hybrid cars for the US market , Huawei plans to sink $800 million into a Brazilian smartphone factory , and much more

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WEEKEND ROUNDUP Apple Card is reportedly approving customers with low credit scores Apple Card entered a limited launch in partnership with Goldman Sachs last week, and it's reportedly approving customers with low credit scores in a move to cast as wide a net as possible. Seeking out subprime customers could be a risky move in the current economic climate, especially since other banks reportedly turned down the partnership due to profitability concerns. Apple Card could appeal to a swath of underserved users, and though targeting this audience is shaping up to be a ripe customer acquisition play, it could make it difficult to attract spend. Business Insider Intelligence's Jaime Toplin 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 Uber Eats saw a big Q2 jump Late last week, Uber released mixed Q2 2019 earnings, with big overall losses but substantial growth in Uber Eats. Here's what we learned from Uber's Q2 earnings. Read More → GM and VW will longer make hybrid cars for the US market The automotive giants will instead invest in manufacturing electric vehicles (EVs) while they continue to produce gasoline vehicles to meet the bulk of near-term demand in the US. Read More → Huawei plans to sink $800 million into a Brazilian smartphone factory Huawei is planning to invest up to $800 million over the next three years to expand its presence in Brazil via a new manufacturing facility in São Paulo. Read More → Ancestry's CEO signals a major healthcare play is on the horizon Genetic testing magnate Ancestry CEO Margo Georgiadis said that the startup plans to branch out from genealogy testing and expand into individualized medicine. Read More → Amazon's Prime Day likely drove the overall uptick in July US retail Bank of America Merrill Lynch estimates that retail sales grew 0.6% in July, compared with a prior Wall Street consensus of 0.4%. Read More → HSBC launched a digital lending platform HSBC USA partnered with Amount, a tech provider for financial institutions, to launch a digital lending platform that streamlines online personal loan applications. Read More → Small US banks are merging to pursue greater scale and cost efficiencies A sizable group of community banks are in various stages of consolidation, highlighting how the industry-wide merger and acquisition (M&A) trend is extending down market, as community and regional banks pursue greater scale and cost efficiencies. Read More → Researchers found fingerprints of more than 1 million people to be vulnerable to breach The fingerprints of more than 1 million people — as well as facial recognition information, usernames and passwords, and personal information of employees — were detected by security researchers working with vpnmentor on a publicly accessible database for biometrics lock system Biostar 2. Read More → Ericsson is positioning itself as an edge-computing partner for big network operators Swedish networking giant Ericsson is looking to ramp up the public profile of its Edge Gravity data processing and connectivity group, according to a recent FierceWireless interview with group CEO Kyle Okamoto. Read More → Amazon is bringing cloud services and AI to a consortium of Pittsburgh researchers If Amazon continues to land big healthcare partnerships for AWS, it could further cement its position as the No. 1 cloud computing provider and complicate competitors' growth strategies. Read More → Did a friend forward you this newsletter? Get it daily by clicking here. RESEARCH IN FOCUS AI In Medical Diagnosis Business Insider Intelligence examines the value of AI applications in three high-value areas of medical diagnosis — imaging, clinical decision support, and personalized medicine — to illustrate how the tech can drastically improve patient outcomes, lower costs, and increase productivity. We look at US health systems that have effectively applied AI in these use cases to illustrate where and how providers should implement AI. Finally, we examine how a leading US health system validates AI partners and internally organizes its AI strategy to offer provider organizations a template for AI innovation. Learn More → Accounts Payable Automation Business Insider Intelligence will size the accounts payable market in the US; evaluate the breakdown between analog and digital processes at all three stages of an accounts payable transaction; and evaluate barriers toward digitization. We will then identify four key segments where there's particular opportunity in accounts payable and assess the value in each. Finally, we will examine four best-in-class providers serving these areas and explain why their solutions could be a blueprint for other providers entering B2B. Learn More → The Global 5G Landscape The next generation of wireless is here, and several countries are locked in a fierce battle for the top spot in global 5G development. This report identifies three countries — the United States, South Korea, and China — that are spearheading the 5G revolution. The report compiles 5G snapshots of the three countries, with each providing an overview of the market's telecoms space and details on what is contributing to — or hindering — its development. We look at the notable telecoms in each geography and identify their 5G launch efforts, as well as discuss what the opportunities are for each company. Learn More → Do you already have Business Insider Intelligence access through your company? Check here. CHARTS OF THE WEEK Cord-cutting is rising steadily, and greater competition around sports and news content could quicken the pace. In the wake of Capital One's data breach, banks need to help consumers boost their self-monitoring. US debit usage thrived in 2018 thanks to card-not-present, but fraud grew, too. 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. 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