Business News Weekly ─ August 5, 2019
Amazon seems to be all over the news, but I guess that’s because they’re so big.
- Amazon tells brands to streamline packaging.
- Amazon’s record profit streak ends, although profit still rose 3.6% in the quarter.
- Amazon looking for space in Manhattan Fifth Avenue with as at least 10 floors and could house thousands of people.
Alphabet (Google) profit jumps amid threats, although it’s the worst performing this year among large tech pears.
Apple revenue climbs even as iPhones slumps. The iPhone continued with a 12% decline in sales during this period.
Insurers limit access to $2 million drug, from an article in the Wall Street Journal. Cutting edge treatment that could prevent rare spinal disease would be $2.1 million patient. Zoggensma is the world’s most expensive drug.
Rift in Asia rattles Silicon Valley. A trade feud between Japan and South Korea, two of the world’s leading tech producers, has prompted groups representing Silicon Valley Giants to warn an escalation could wreck long-term damage across an already buckling global supply chain.
“Subaru first-quarter profit climbs 48% on strong U.S. SUV sales” ─ from Reuters online. Subaru Corp reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States.