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Amazon

$AMZN
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615 stories mentioning AmazonUpdated 8h ago

Traded amid mixed consumer stocks; its Whole Foods unit lost a US labor board appeal over a Philadelphia store unionization vote.

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US Markets

B. Riley Upgrades 2026 Box Office Outlook Following First-Quarter Beat

US box office revenue this year is set to come in higher than previously projected following a better-than-expected first quarter, B. Riley Securities said Friday.The industry raked in box office proceeds of about $1.74 billion in the first three months of the year, jumping 22% year over year and ahead of the brokerage's $1.59 billion view. The performance reflected a 14% increase in January, a "flattish" February and "healthy" gains in March, which benefited from the commercial success of the Amazon (AMZN) MGM-distributed film "Project Hail Mary," B. Riley said.Paramount Skydance's (PSKY) "Scream 7," Walt Disney's (DIS) "Hoppers" and Warner Bros. Discovery's (WBD) "Wuthering Heights" also contributed to the first-quarter outperformance, B. Riley analyst Drew Crum said in a note to clients.The brokerage now estimates domestic box office collections of $9.55 billion for 2026, up from its previous expectations of $9.40 billion, with the outperformance in the first quarter "serving as the key driver to this upward adjustment."The first-quarter domestic box office provided "some needed confidence following a shaky (second half of 2025), while this momentum has continued into early (second quarter)," Crum said.B. Riley reiterated its US box office revenue estimate of $2.70 billion for the current three-month period, reflecting an annual increase of 1%. For the third and fourth quarters, the brokerage is expecting proceeds of $2.70 billion and $2.40 billion, respectively."Improving box office trends could lead to quarterly beats, upward revisions to estimates, and hence multiple expansion," Crum said. "General optimism for the 2026-2027 slate, further progress on windowing, and encouraging developments regarding labor negotiations for Hollywood guilds, may help sentiment too."The brokerage raised its price targets on the stocks of AMC Entertainment (AMC) to $2 from $1.50 and on Cinemark (CNK) to $34 from $30, with neutral ratings. It continues to have a buy rating on Imax (IMAX) shares.Price: $1.90, Change: $+0.29, Percent Change: +17.70%

$AMC$AMZN$CNK$DIS$IMAX$PSKY$WBD
Asia Markets

Israel-Lebanon Ceasefire, S&P 500's Record Close Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Friday as a 10-day ceasefire between Israel and Lebanon went into effect while the S&P 500 and Nasdaq Composite posted new all-time highs on Thursday.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.3% higher.The halt of Israel's attacks on Lebanon has been an important condition for the resumption of US-Iran talks, which President Donald Trump said could occur "probably, maybe, next weekend" in remarks made outside the White House on Thursday. Trump also said that a deal with Iran could be finalized ideally before the US-Iran ceasefire ends on Tuesday, but he was willing to extend if necessary.The S&P 500 gained 0.3% to close at 7,041.28, while the Nasdaq advanced 0.4% to end at 24,102.70.Traders took note of results from two major banks, with Truist Financial (TFC) reporting higher Q1 earnings and revenue and Fifth Third Bancorp (FITB) posting lower Q1 earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.2% at $95.17 per barrel and US West Texas Intermediate crude 4.9% lower at $90.08 per barrel.Federal Reserve San Francisco President Mary Daly, Richmond President Thomas Barkin, and Governor Christopher Waller are scheduled to speak on Friday.In other world markets, Japan's Nikkei closed 1.8% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 0.1% lower. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, Netflix (NFLX) stock was down 9.5% after the company issued Q2 guidance late Thursday that fell short of analysts' consensus. The streaming company also said that its chairman and co-founder, Reed Hastings, plans to step down when his term ends in June. Exelon (EXC) shares were 1.6% lower after the company's stock rating was downgraded by Mizuho, Barclays and BMO Capital.On the winning side, Eli Lilly (LLY) stock was up 1.9% after the company said its experimental drug Foundayo met its primary endpoint of a phase 3 clinical trial by showing a lower risk of severe cardiovascular incidents compared with insulin glargine in adults with type 2 diabetes. Oracle (ORCL) shares were up 2.6% after the company said it plans to expand its multi-cloud networking capabilities to provide connectivity between Oracle Cloud Infrastructure and Amazon (AMZN) Web Services.

Dow JonesNasdaq CompositeS&P 500$AMZN$EXC$FITB$LLY$NFLX$ORCL$TFC
Insider Trading

Amazon Insider Sold Shares Worth $5,022,500, According to a Recent SEC Filing

Douglas J Herrington, Chief Executive Officer Worldwide Amazon Stores, on April 14, 2026, sold 20,500 shares in Amazon (AMZN) for $5,022,500. Following the Form 4 filing with the SEC, Herrington has control over a total of 506,467 common shares of the company, with 499,861 shares held directly and 6,606 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1018724/000193600626000012/xslF345X05/wk-form4_1776377549.xml

$AMZN
Wire

NiSource Signs Alphabet Energy Deal in Indiana, Expands Amazon Agreement

NiSource (NI) signed a long-term energy agreement with a subsidiary of Alphabet (GOOG, GOOGL) to support the development and operation of a large data center in northern Indiana.Service for Alphabet is expected to start this summer, NiSource said Thursday in a statement.NiSource also expanded its agreement with Amazon.com's (AMZN) Amazon Data Services to speed the process of bringing Amazon sites online and to accelerate related bill credits for residential customers.The company said it now expects about $1.25 billion in aggregate cost savings for existing customers.NiSource shares rose 2.6% in after-hours trading, Alphabet gained 0.2%, and Amazon eased 0.1%.

$AMZN$GOOG$GOOGL$NI
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.4%.The Philadelphia Semiconductor index increased 0.8%.In corporate news, a White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported, citing an email from OMB Chief Information Officer Gregory Barbaccia. Amazon shares were up 0.2%.Oracle (ORCL) said Thursday it plans to expand its multi-cloud networking capabilities to provide connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares gained 5.1%.IBM (IBM) will likely exceed Wall Street's estimates for Q1 and raise its revenue guide amid momentum in the software segment and an earlier completion of the Confluent acquisition, Oppenheimer said in a note Thursday. IBM shares climbed 2.2%.Meta Platforms (META) said it will raise its prices for Meta Quest 3 and Meta Quest 3S headsets, starting April 19, to offset the rising costs of hardware components. Meta shares rose 0.6%.

$AMZN$IBM$META$ORCL
Sectors

Sector Update: Tech

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising nearly 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.4%.The Philadelphia Semiconductor index increased 0.8%.In corporate news, a White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported, citing an email from OMB Chief Information Officer Gregory Barbaccia it reviewed. Amazon shares were fractionally higher.

$AMZN
Wire

Market Chatter: White House Preparing to Make Anthropic Mythos AI Model Available to US Agencies

A White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported Thursday, citing an email from OMB Chief Information Officer Gregory Barbaccia it reviewed.Anthropic and the White House didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $249.29, Change: $+0.79, Percent Change: +0.32%

$AMZN
Wire

White House Preparing to Make Anthropic Mythos Available to US Agencies, Bloomberg Reports

White House Preparing to Make Anthropic Mythos Available to US Agencies, Bloomberg Reports

$AMZN
Sectors

Sector Update: Tech Stocks Advance Thursday Afternoon

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.1%.The Philadelphia Semiconductor index increased 0.8%.In corporate news, IBM (IBM) will likely exceed Wall Street's estimates for Q1 and raise its revenue guide amid momentum in the software segment and an earlier completion of the Confluent acquisition, Oppenheimer said in a note Thursday. IBM shares climbed 2.5%.Amazon (AMZN)-backed Anthropic said Thursday it launched its Claude Opus 4.7 AI model for advanced coding across all Claude products, Amazon Bedrock, Alphabet's (GOOGL) Google Cloud Vertex AI, and Microsoft (MSFT) Foundry. Amazon shares added 0.3%.Oracle (ORCL) said Thursday it plans to expand its multicloud networking capabilities to provide high-performance connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares gained 4.9%.

$AMZN$IBM$ORCL
Sectors

Sector Update: Tech

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.6%.The Philadelphia Semiconductor index increased 0.6%.In corporate news, Oracle (ORCL) said Thursday it plans to expand its multicloud networking capabilities to provide high-performance connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares gained 4.7%, and Amazon was up 0.1%.

$AMZN$ORCL
Wire

Top Midday Stories: TSMC Earnings, Guidance Top Estimates But Shares Fall; PepsiCo Shares Rise Following Q1 Earnings Report

All three major US stock indexes were up in late-morning trading Thursday, as investors take in updates on the war in Iran as well as the latest large-company earnings reports.In company news, Taiwan Semiconductor Manufacturing (TSM), or TSMC, reported Q1 earnings Thursday of 22.08 New Taiwan dollars ($0.70) per diluted share, up from NT$13.94 a year earlier and above the FactSet consensus analyst estimate of NT$20.92. First-quarter net revenue was NT$1.134 trillion, up from NT$839.25 billion a year ago and above the FactSet consensus of NT$1.121 trillion. For Q2, the chipmaker said it expects net revenue of $39 billion to $40.2 billion, above the FactSet consensus of $38.09 billion. TSMC shares were down 1.9% around midday.PepsiCo (PEP) reported fiscal Q1 core earnings Thursday of $1.61 per diluted share, up from $1.48 a year earlier and above the FactSet consensus of $1.54. Fiscal Q1 net revenue was $19.44 billion, up from $17.92 billion a year ago and above the FactSet consensus of $18.95 billion. For fiscal 2026, PepsiCo said it continues to expect core constant currency EPS growth of 4% to 6% and organic revenue growth of between 2% and 4%. PepsiCo shares were up 2.1%.Abbott Laboratories (ABT) reported Q1 adjusted earnings Thursday of $1.15 per diluted share, up from $1.09 a year earlier and above the FactSet consensus of $1.14. First-quarter net sales were $11.16 billion, up from $10.36 billion a year ago and above the FactSet consensus of $11.00 billion. For Q2, Abbott said it expected adjusted diluted EPS of $1.25 to $1.31, below the FactSet consensus of $1.36. For full-year 2026, the company said it expects adjusted EPS of $5.38 to $5.58, down from its prior guidance of $5.55 to $5.80 and below the FactSet consensus of $5.60. Full-year 2026 comparable sales are expected to grow 6.5% to 7.5%, the company said. Abbott shares were down 4.4%.Charles Schwab (SCHW) reported Q1 adjusted earnings Thursday of $1.43 per diluted share, up from $1.04 a year earlier and above the FactSet consensus of $1.40. First-quarter net revenue was $6.48 billion, up from $5.60 billion a year ago but below the FactSet consensus of $6.50 billion. The company also said Thursday it will launch a spot cryptocurrency trading service for retail customers in the coming weeks. For a fee of 75 basis points per transaction, the platform will provide direct trading of bitcoin and ethereum alongside traditional investments, the company said. Shares of Schwab were down 4.8%.Stellantis (STLA) and Microsoft (MSFT) said Thursday they have signed a five-year strategic collaboration deal to co-develop advanced artificial intelligence, cybersecurity and engineering capabilities for the automaker's vehicles. Separately, Stellantis is planning a 100-million-euro ($117.9 million) investment to update its Poissy assembly plant near Paris, Bloomberg reported Thursday. The company will continue making vehicles at the facility through at least the end of 2028, the report said. Stellantis shares were down 0.8%, while Microsoft shares were up 1.6%.Oracle (ORCL) said Thursday it plans to expand its multicloud networking capabilities to provide high-performance connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares were up 4.1%, while Amazon shares were down 0.3%.Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported Thursday, citing S&P Global Mobility registration data. Tesla shares were down 1.1%.Price: $368.08, Change: $-7.02, Percent Change: -1.87%

$ABT$AMZN$MSFT$ORCL$PEP$SCHW$STLA$TSLA$TSM
Wire

Amazon-Backed Anthropic Launches Claude Opus 4.7

Amazon (AMZN)-backed Anthropic said Thursday it launched the Claude Opus 4.7 model for advanced coding across all Claude products, Amazon Bedrock, Alphabet's (GOOG/GOOGL) Google Cloud Vertex AI, and Microsoft (MSFT) Foundry.The new model provides considerable improvement relative to Opus 4.6 in terms of agentic coding, reasoning, financial analysis, and visual reasoning, but has the same price point, according to a statement.Opus 4.7 was launched with safeguards that auto-detect and block requests indicating high-risk cybersecurity uses, the company said.Amazon has invested around $8 billion in Anthropic for a minority stake.Price: $246.12, Change: $-2.38, Percent Change: -0.96%

$AMZN$GOOG$GOOGL$MSFT
Asia Markets

S&P 500 Hits Record Amid Reports Iran Ceasefire to be Extended to Reach Peace Deal

US equity indexes closed mixed on Wednesday as strong gains in growth sectors pushed the S&P 500 to an all-time high amid speculation that the two-week Iran ceasefire could be extended to find a lasting peace agreement.The Nasdaq Composite advanced 1.6% to 24,016.02. The S&P 500 rose 0.8% to 7,022.95. The Dow Jones Industrial Average, however, slipped 0.2% to 48,463.72.The US and Iran are considering extending their two-week ceasefire to negotiate a peace deal, Bloomberg reported, citing a person familiar with the matter. Mediators are seeking technical talks to overcome the most contentious issues -- the reopening of the Strait of Hormuz and Iran's nuclear program -- preventing an agreement that would extend beyond next week, when an initial truce will expire, the person told Bloomberg.The CBOE Volatility Index, also known as the fear index, fell 1% to 18.17.Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.West Texas Intermediate crude oil futures fell 0.2% to $91.06, and Brent crude futures were little changed at $94.84. Both the WTI and Brent futures were up as much as 1% earlier in the session.Technology, consumer discretionary, communication services, and financials led gainers in the final leg of trading. Industrials and materials were among the decliners. Except for Amazon.com (AMZN), all the other Magnificent-7 stocks ended higher. Tesla (TSLA) led the pack, with a gain of 7.6%.Tesla has completed the tape-out of its AI5 chip and is advancing development of AI6 and Dojo3, CEO Elon Musk said on X on Wednesday. Tape-out marks the final design stage before a chip is sent to manufacturing.Morgan Stanley (MS) posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record.In economic news, the New York Federal Reserve's Empire State manufacturing index rebounded to 11.0 in April from minus 0.2 in March, above the expectations for a 0.0 print in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for April and suggests a return to expansion.Most US Treasury yields rose, with the 10-year up 2.3 basis points to 4.28% and the two-year higher by one basis point to 3.76%.Meanwhile, the National Association of Home Builders' monthly housing market index fell to 34 in April, its lowest since September 2025, from a revised 38 in March, compared with the 37 forecast in a Bloomberg-compiled poll.In precious metals, gold futures fell 0.7%% to $4,816.1 and silver futures declined 0.3% to $79.32.

Dow JonesNasdaq CompositeS&P 500$AMZN$MS$TSLA
Wire

Amazon Launches Alexa+ in Italy

Amazon Launches Alexa+ in Italy

$AMZN
Wire

Adobe Introduces Firefly AI Assistant, New Editing Features in Firefly Video Editor

Adobe (ADBE) said Wednesday that it has launched the Firefly AI Assistant, an artificial intelligence tool that enables users to describe the outcome they want while the assistant executes complex, multi-step workflows across Adobe's Creative Cloud apps, including Photoshop, Premiere, and Lightroom, among others.The company said it will add this capability to leading third-party AI models including Amazon-backed (AMZN) Anthropic's large language model Claude.Adobe said it has also added new video and image editing features in its Firefly Video Editor including studio-quality sound, advanced color adjustments.The Firefly AI Assistant will be available in public beta in Adobe Firefly in the coming weeks; meanwhile, the new editing features and access to new partner models are available in Firefly starting Wednesday, Adobe said.Price: $243.68, Change: $+7.96, Percent Change: +3.38%

$ADBE$AMZN
Wire

Lumen Technologies to Provide Network Connectivity for Amazon Web Services Interconnect - Last Mile

Lumen Technologies (LUMN) said Wednesday it has collaborated with Amazon.com's (AMZN) Amazon Web Services to offer network connectivity for AWS Interconnect - last mile.The company said it will provide the connectivity through Lumen Cloud Interconnect, using its last-mile and metro network infrastructure.The partnership combines the AWS cloud and operational model with Lumen's digital network platform and network infrastructure, according to the company.Lumen said the new connectivity is now available to enterprise customers in the United States.Lumen's stock was up over 6.0% in Wednesday premarket trading.

$AMZN$LUMN
US Markets

Nasdaq Extends Winning Streak to 10 Days Amid US-Iran Deal Hopes

The Nasdaq Composite extended its winning streak to a tenth consecutive session on Tuesday as oil prices tumbled amid optimism that the US and Iran could revive peace talks.The Nasdaq climbed 2% to 23,639.1. The S&P 500 rose 1.2% to 6,967.4, while the Dow Jones Industrial Average added 0.7% to 48,536.Most sectors were in the green, led by communication services' 3.2% jump, while energy saw the steepest decline.West Texas Intermediate crude oil was last down 7% at $92.12 per barrel, while Brent lost 4.2% to $95.24.The US and Iran could resume talks later this week, possibly in Pakistan, news outlets reported, citing US President Donald Trump.Trump continues to be open to resuming in-person negotiations soon if he believes Iran is ready to submit to his demands, CNN reported, citing people familiar with the matter.Over the weekend, US-Iran peace negotiations in Pakistan ended without a deal. Following that setback, the US navy started a blockade of Iranian ports in the crucial Strait of Hormuz. A two-week ceasefire between the US and Iran, however, still holds.The International Energy Agency on Tuesday forecast global oil demand to turn negative this year due to the Middle East conflict, penciling in the sharpest consumption decline in the second quarter since the COVID-19 pandemic.The International Monetary Fund lowered its global economic growth expectations for 2026 due to the Middle East conflict, cautioning that a prolonged war could drive a further slowdown.US Treasury yields were lower, with the 10-year rate last down four basis points at 4.25% and the two-year rate dropping three basis points to 3.75%.In company news, Amazon.com (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as the e-commerce giant aims to add direct-to-device services to its Leo satellite network. Amazon shares jumped 3.8%, the top gainer on the Dow, while Globalstar jumped 9.6%.Johnson & Johnson (JNJ) lifted its full-year outlook as the healthcare products conglomerate's first-quarter results surpassed Wall Street's expectations. The company's shares rose 0.9%.JPMorgan Chase (JPM) and Citigroup's (C) first-quarter results topped the Street's expectations, while Wells Fargo's (WFC) revenue missed market views.Wells Fargo shares tumbled 5.7%, among the steepest declines on the S&P 500. JPMorgan shares fell 0.8%, while Citigroup rose 2.7%."The earnings season arrives against a backdrop where market attention has drifted away from fundamentals like earnings growth and towards geopolitical risks," Wells Fargo Investment Institute said in a report e-mailed to. "Recent volatility reflects a repricing driven by risk sentiment and geopolitics, not a deterioration in fundamentals."In economic news, US producer prices growth steadied in March as wholesale costs of energy surged amid volatility stemming from the Iran war."A sizable increase in the PPI underscores the material effects of higher energy prices and the broader inflationary impact of a global price shock on the domestic economy," Stifel said in a note. "Such pressures are furthermore likely to intensify in the coming months as upstream costs work their way down the production pipeline."Gold was last up 2.1% at $4,869.10 per troy ounce, while silver advanced 5.3% to $79.68 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMZN$C$GSAT$JNJ$JPM$WFC
Sectors

Sector Update: Tech Stocks Climb Late Afternoon

Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.The Philadelphia Semiconductor index added 2%.In corporate news, IonQ (IONQ) shares surged 19% after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft shares were up 2.1%.Amazon (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as it aims to add direct-to-device services to its Leo satellite network. Amazon shares rose 3.9%, and Globalstar jumped 9%.Nvidia (NVDA) shares rose 3.6% after the company said Tuesday it is launching a family of quantum AI models, Ising, designed to allow companies to build quantum processors that will be able to run useful applications.

$AMZN$GSAT$IONQ$MSFT$NVDA
Research

Research Alert: Amzn Agrees To Acquire Globalstar Inc. To Expand Satellite Network Capabilities

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMZN agreed today to acquire satellite operator Globalstar Inc. (GSAT) for approximately $11.6 billion. Separately, AMZN struck a deal with Apple Inc. (AAPL) to continue powering iPhone and Apple Watch satellite services, preserving GSAT's most important customer relationship. Why this acquisition matters: AMZN is quickly becoming a formidable competitor in the telecommunications space, assembling a fully-integrated connectivity stack via Amazon Leo (satellite broadband), Globalstar (device connectivity), and AWS (cloud services). GSAT's globally-licensed L-band and S-band spectrum provides the foundation for AMZN to deliver direct-to-device communication with ordinary smartphones - no specialized hardware required. This is the missing layer that Amazon Leo, which was designed to deliver broadband through dedicated terminals, could not provide on its own. The deal is expected to close in 2027, and we see limited/manageable regulatory risk.

$AMZN
Wire

Equities Rise Intraday, Oil Falls Amid US-Iran Talk Optimism

US benchmark equity indexes rose intraday, while oil prices fell amid optimism that Washington and Iran could revive peace talks.The Nasdaq Composite was up 1.8% at 23,610.3 after midday Tuesday, while the S&P 500 rose 1.1% to 6,962.8. The Dow Jones Industrial Average added 0.6% to 48,572.3. Among sectors, communication services paced the gainers with a 3.1% jump, while energy saw the steepest decline.West Texas Intermediate crude oil tumbled 7.2% to $91.71 per barrel, while Brent lost 4.4% to $95.03.The US and Iran could resume talks later this week, possibly in Pakistan, news outlets reported, citing US President Donald Trump.Trump continues to be open to resuming in-person negotiations soon if he believes Iran is ready to submit to his demands, CNN reported, citing people familiar with the matter.Over the weekend, US-Iran peace negotiations in Pakistan ended without a deal. Following that setback, the US navy started a blockade of Iranian ports in the crucial Strait of Hormuz. A two-week ceasefire between the US and Iran, however, still holds.The International Energy Agency on Tuesday forecast global oil demand to turn negative this year due to the Middle East conflict, penciling in the sharpest consumption decline in the second quarter since the COVID-19 pandemic.US Treasury yields were lower intraday, with the 10-year rate down 4.3 basis points at 4.25% and the two-year rate dropping three basis points to 3.75%.In company news, Amazon.com (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as the e-commerce giant aims to add direct-to-device services to its Leo satellite network. Amazon shares were up 5.1% intraday, the top gainer on the Dow, while Globalstar jumped 10%.Johnson & Johnson (JNJ) lifted its full-year outlook as the healthcare products conglomerate's first-quarter results surpassed Wall Street's expectations. The company's shares were up 1.4%, among the best performers on the Dow.JPMorgan Chase (JPM) and Citigroup's (C) first-quarter results topped the Street's expectations, while Wells Fargo's (WFC) revenue missed market views.Wells Fargo shares were down 4.6% intraday, among the steepest declines on the S&P 500. JPMorgan shares were down 0.7%, while Citigroup rose 3.4%.In economic news, US producer prices growth steadied in March as wholesale costs of energy surged amid volatility stemming from the Iran war."A sizable increase in the PPI underscores the material effects of higher energy prices and the broader inflationary impact of a global price shock on the domestic economy," Stifel said in a note. "Such pressures are furthermore likely to intensify in the coming months as upstream costs work their way down the production pipeline."Gold was up 2% at $4,863.10 per troy ounce, while silver advanced 5% to $79.42 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMZN$C$GSAT$JNJ$JPM$WFC

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