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Investing Playbook

Walmart, like Amazon, seeks cryptocurrency lead

Walmart is looking to get in on the action with cryptocurrencies as the United States' largest private employer has initiated a search on Monday for a digital currency and cryptocurrency product lead.

Adidas sells Reebok to Authentic Brands for $2.5B

Adidas is selling its Reebok business to Authentic Brands Groups (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company seeks to focus on its core brand after a deal that failed to live up to expectations.