Microsoft Corp. (MSFT) - Get Report will replace its outdated Office 365 corporate video service with an updated "Stream" product in phased migration during the second half of this year, ZDNet reported.

Stream is used for uploading, sharing, managing and viewing corporate videos. It integrates products from across the tech company's platform including transcribed audio, face detection, a streamlined interface and more granular management controls than previous 365 services.

The product will be available to users with Office 365 Education, Education Plus, Enterprise K1, Enterprise K2, Enterprise E1, Enterprise E3 and Enterprise E5 plans.

The service launches from an app or the Microsoft 365 website. Those without the 365 service can test Stream in a free trial.

Microsoft shares were down over 1% in late morning trading. 

What's Hot On TheStreet

Amazon has some work to do with Whole Foods: Organic grocer Whole Foods (WFM) needs Amazon's (AMZN) - Get Report tech know-how, and it needs it very quickly to slash prices.

TheStreet's Lindsay Rittenhousewent shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT) - Get Report and rival grocer Kroger (KR) - Get Report . While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.

The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.

With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.

Tesla's stock is out of control: Tesla Inc. (TSLA) - Get Report shares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.

Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F) - Get Report market clocks in at $44.7 billion, while General Motors (GM) - Get Report stands at $51.9 billion.

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