Rising interest in Porsche's electric car could threaten Tesla

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This week's highlights: Apple Card could launch in the next few weeks , Capital One's data breach affected over 100 million customers , Amazon's online retail sales totaled $31 billion in Q2 , and much more
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A rise in Porsche EV interest could threaten longtime market leader Tesla

Porsche has surpassed 30,000 reservations for its upcoming Taycan electric sports car.

The new reservation number builds on news from January 2019 that the company increased its planned production number from 20,000 electric vehicles (EVs) to around 40,000 after it experienced higher-than-expected interest in the car.

Porsche is on course to make a big entrance into the EV market, and its Taycan is poised to be a significant threat Tesla's high-end Model S.

While early interest might come from consumers in the market for premium models, automakers can't focus only on high-end EVs to recoup their investments.

Business Insider Intelligence's George Paul has the full story.
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BRIEFING HIGHLIGHTS

Apple Card could launch in the next few weeks

Apple's first proprietary credit card, which will be issued by Goldman Sachs and Mastercard-branded, is targeted to launch as early as the first half of August. Read More →

Capital One's data breach affected over 100 million customers

Capital One Financial Corp. disclosed on Monday that it suffered a data breach in which a hacker accessed the personal information of around 100 million individuals in the US and another 6 million in Canada. Read More →

Amazon's online retail sales totaled $31 billion in Q2

Despite its improving growth in online retail, physical retail holds greater potential for Amazon, but it still needs to improve its brick-and-mortar business to take advantage. Read More →

Uber is connecting doctors to patients with teleconsultation tech

Uber Health struck a deal with healthcare supplies distributor Henry Schein Medical to streamline doctors' use of software company Medpod's MobileDoc 2 — a portable case stocked with medical devices, like EKGs, that enable remote consultations. Read More →

Mastercard is betting big on acquisitions and partnerships for its noncard business

President and CEO Ajay Banga noted in the company's earnings release that its acquisitions and partnerships are enabling it to address changing payment needs, and specifically mentioned "real-time account-to-account and cross-border payments." Read More →

Google's and Apple's strategy to push lower-priced versions of their flagship phones is paying off

The tech giants' pivots toward embracing expansive smartphone lines — which include models at lower price points than their flagships — is proving to be effective in expanding their user ecosystems. Read More →

Morgan Stanley launches 'digital vault' encrypted platform for its wealth management clients

Morgan Stanley is partnering with content management and file-sharing service Box to launch a "Digital Vault," an encrypted, cloud-based platform that enables its wealth management clients to more easily share their financial documents. Read More →

Amazon Prime Video is suffering from a diluted brand identity

Amazon Prime Video reportedly continues to have trouble carving out a strong position in Hollywood, as its broader content strategy remains vague. Read More →

Kroger and Visa have settled their transaction-routing lawsuit

The retailer reportedly complained that Visa approved its new EMV point-of-sale terminals that would request a PIN rather than a signature from consumers, but later threatened fines and the possibility of removing Kroger's ability to accept Visa's debit cards. Read More →

Facebook admits to investors that Libra may never launch

In its latest quarterly reports, Facebook said that, although it still intends to launch its ambitious crypto-based payments system by 2020, a number of factors could scupper that timeline or even bar its launch entirely. Read More →
 
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RESEARCH IN FOCUS

AI in Telecommunications

In the face of rising demand for data, increasingly saturated mobile markets, and stiff opposition from legacy players, tech entrants, and startups, global telecoms are locked in a battle for market share — leading to vicious price wars for mobile services and, as a result, declining average revenue per user (ARPU). This report focuses on the use of AI to enhance the customer experience, which can directly impact revenue. It discusses the forces driving firms to AI, pinpoints some of the top use cases of AI along the customer journey, and identifies some of the leading companies in the space. Learn More →

The Automaker Transformation Report

Business Insider Intelligence examines how ride-hailing has disrupted the global auto industry and outlines several ways automakers can generate revenue off of ride-hailing firms in the short term without directly competing against them. We also analyze the ways automakers can establish a stronger position against ride-hailing companies in the long term as the space evolves toward self-driving tech. Finally, we discuss how automakers can approach building out their technical capabilities and ecosystems as they transition toward operating fleets of autonomous vehicles (AVs) for ride-hailing. Learn More →

The Influencer Marketing Report

As influencers become more plentiful and proven, brand dollars have flooded into the space. Brands are set to spend up to $15 billion on influencer marketing by 2022, per Business Insider Intelligence estimates. This report gives actionable recommendations for how brands can effectively navigate this changing and expanding market to meet campaign goals, and how they can evolve their relationships with influencers. Brands looking to partner with influencers need to to constantly renew their perspective to ensure that they mutually maximize the value of these partnerships. Learn More →
 
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CHARTS OF THE WEEK

UK consumers prefer contactless to any other payment option.

  UK consumers prefer contactless to any other payment option.

Younger demographics want to invest in stocks — but incumbents need to provide them with tailored services.

Younger demographics want to invest in stocks — but incumbents need to provide them with tailored services.

5G will kick-start the cloud gaming war.

5G will kick-start the cloud gaming war.
 
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