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September 01, 2020 1:37pm
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Uber withheld evidence, trial delayed

The markets traded higher during the midday with the Dow soaring 155 points to 23,736. Nasdaq rose 13 points to 6,892.


One week before Waymo's trade secret theft lawsuit against Uber was set to begin, a judge delayed the trial. New evidence emerged during a pre-trial hearing that may contradict Uber's previous stated positions. The judge has now accused Uber of withholding evidence.


Textron expects the freight industry to double over the next fifteen years as the ecommerce industry continues to expand. FedEx will purchase 50 of the industrial conglomerate's new Cessna SkyCourier 408 with an option to buy up to 50 more aircraft. Amazon has been leasing airplanes from several aircraft companies but may be in the market to purchase their own planes in the near future.


Cyber Monday set multiple records beginning with total sales of $6.59 billion, which was 16.8% higher than last year. The figure was the greatest amount ever spent online in a single day in the U.S. Mobile shopping also hit a record high of $1.59 billion, up 39% from a year earlier.


In the broad market, advancing issues outpaced decliners by a margin of nearly to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 gained 16 points to 2,617. Bitcoin rocketed $324 to $9,951.


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