The wearable tech maker posted lower than expected sales for the holiday quarter, sending shares to an all-time low. Meanwhile, Comcast shares are falling after the company made a $31 billion bid for UK broadcaster Sky. And in other media merger news, Discovery got approval for its acquisition of Scripps, and Qualcomm introduced its latest chip meant for 5G technology.

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Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
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