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Shares of Walmart rose 0.5% in premarket trading on Wednesday.
3. -- Apple Inc. (AAPL) has scrapped the idea of an Apple-branded autonomous vehicle and is instead working on the underlying technology that allows a car to drive itself, the New York Times reported. To that end, the company is developing a self-driving shuttle service that ferries employees from one Apple building to another, said sources.
The shuttle likely will be a commercial vehicle from an automaker and Apple will use it to test the autonomous driving technology that it develops, according to the Times.
Apple's testing vehicles will carry employees between its various Silicon Valley offices. The new effort is called PAIL, short for Palo Alto to Infinite Loop, the address of the company's main office in Cupertino, Calif. The company's in-house shuttle service isn't operational yet.