Category: AMZN – Amazon.com, Inc. Common Stock

Amazon Offers To Help Vaccinate 100M Americans In First 100 Days Of Biden Administration

Amazon.com, Inc (NASDAQ: AMZN) wants to help the new administration in the distribution of COVID-19 vaccines, as per a letter written by Dave Clark, CEO of the e-commerce giant’s worldwide consumer business, CNBC reported Wednesday.What Happened: Clark wrote to President Joe Biden that the retail giant is ready to assist the new administration’s vaccination efforts by leveraging its operations, information technology, and communications capabilities along with its expertise, according to CNBC.”As you begin your work leading the country out of the Covid-19 crisis, Amazon stands ready to assist you in reaching your goal of vaccinating 100 million Americans in the first 100 days of your administration,” wrote Clark.Why It Matters: Clark pointed to the 800,000 employees that make up Amazon’s workforce in the United States and vyed for early vaccinations of the employees.The executive disclosed that Jeff Bezos-led company had an agreement in place with a third-party occupational health care provider to administer vaccines to employees at its facilities.See Also: Cuomo Asks Pfizer To Let New York Purchase COVID-19 Vaccine DirectlyClark had previously written to the U.S. Centers for Disease Control and Prevention in December, asking for priority access to vaccines for its employees.Price Action: Amazon shares closed nearly 4.6% higher at $3,263.88 on Wednesday and gained 0.36% in the after-hours session.See more from Benzinga * Click here for options trades from Benzinga * Google Defends Against Allegations Of Collusion With Facebook On Ads * Tesla Gets ,250 Bull Case Target From Wedbush As EV Market Remains Its World Where Others ‘Paying Rent'(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon

Indian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group on late Wednesday in yet another setback for Amazon, which has invested over $6.5 billion in the world’s second largest internet market and sought to block the aforementioned deal. The Bombay Stock Exchange said in a notification that it had spoken with India’s markets regulator, the Securities and Exchange Board of India (SEBI), and had no objection or adverse observation on the deal. Wednesday’s notification is the latest setback for Amazon, which had written to SEBI and Indian antitrust watchdog to block the multi-billion deal between Future Group and Reliance Retail, the two largest retail chains in India.