Amazon One Medical (NASDAQ: AMZN) announced Thursday the launch of a pay-per-visit virtual healthcare service for children ages 2 to 11, with message-based visits starting at $29 and video calls starting costing $49. This new healthcare service does not require health insurance or a One Medical membership, with treatments focused on issues such as pink eye, lice, eczema, bug bites, contact dermatitis, fungal rashes, and medication renewals for EpiPens and asthma treatments. "This service isn't meant to replace a family's relationship with their child's pediatrician, but rather to serve as a convenient option for those 'in-between' moments for parents with time-sensitive concerns who don't already have on-demand access through a One Medical membership," said Natasha Bhuyan, MD, national medical director for Amazon One Medical, in a release. The service enters the market as pharmacies like CVS (NYSE: CVS), Walgreens and Walmart (NYSE: WMT) begin scaling back their on-demand health clinics.
Spotify (NYSE: SPOT) and Netflix (NASDAQ: NFLX) announced a new partnership on Tuesday, brining a curated selection of sports, culture, lifestyle, and true crime podcasts from Spotify Studios and The Ringer to the entertainment streaming giant starting next year. Spotify said that the deal also allows for more podcasts from other studios to be added to Netflix beyond the initial launch. Recently, Spotify has diversified its portfolio beyond audio streaming to include video podcasts, offering creators incentives to monetize their content and social tools to better engage with their audiences. "Together with Netflix, we're expanding discovery, helping creators reach new audiences and giving fans around the world the chance to experience the stories they love and uncover favorites they never expected," said Roman Wasenmüller, vice president and head of Podcasts at Spotify, in a statement. "This offers more choice to creators and unlocks a completely new distribution opportunity."
DoorDash (NASDAQ: DASH) on Tuesday unveiled Dot, the delivery giant's small autonomous robot built to carry food and small packages to customers on roads, bike lanes, and sidewalks at speeds reaching up to 20 miles per hour. The robot moves on four wheels, stands less than five feet tall and three feet wide, and has enough cargo space to fit up to 30 pounds of merchandise. Dot also comes equipped with various inserts for merchants, including cupholders and coolers. "Dot is purpose-built for the millions of deliveries we facilitate every day," co-founder Stanley Tang told reporters in San Francisco. "It is small enough to navigate doorways and driveways, fast enough to maintain food quality, and smart enough to optimize the best routes for delivery." The company has already begun testing Dot with early access partners in the Phoenix metropolitan area, and plans to expand availability to the region's 1.6 million residents by the end of the year.
President Donald Trump on Thursday signed on executive order to approve the proposed deal to purchase TikTok's U.S. operations from ByteDance, satisfying a national security law that requires the China-based company to divest or face a ban in the country. Outlined in the order, a new joint-venture company -- whose main investors include Oracle (NASDAQ: ORCL), Silver Lake and MGX -- will oversee the short-form video social media platform's U.S. business (used by about 170 million Americans), with ByteDance retaining a less than 20% stake. The company, led by a board of directors with "national security and cybersecurity credentials," according to the White House, and Vice President JD Vance said will be valued at about $14 billion. No representatives from ByteDance were present at the signing and the company has yet to announce the transaction. "It's owned by Americans, and very sophisticated Americans," Trump said at the signing. "This is going to be American operated all the way."
Amazon (NASDAQ: AMZN) has agreed to pay $2.5 billion to settle a lawsuit from the Federal Trade Commission (FTC) over allegations that the e-commerce giant deceived users into becoming Prime subscribers and then made it difficult to cancel memberships. As part of the settlement, Amazon is required to pay a $1 billion civil penalty and provide $1.5 billion in refunds to an estimated 35 million consumers harmed. Moreover, the FTC is requiring Amazon to cease its "unlawful enrollment and cancellation practices," and provide a clear button for customers to decline signing up for Prime. "The evidence showed that Amazon used sophisticated subscription traps designed to manipulate consumers into enrolling in Prime, and then made it exceedingly hard for consumers to end their subscription," said FTC Chair Andrew N. Ferguson in a press release. "Today, we are putting billions of dollars back into Americans' pockets, and making sure Amazon never does this again."
The retail industry is expected to hire the lowest amount of seasonal workers this year since the 2009 recession, job placement firm Challenger, Gray & Christmas said in a report on Wednesday. The firm is projecting that employers may add under 500,000 positions in the final three months of 2025, marking an 8% decline from the previous year. "Seasonal employers are facing a confluence of factors this year: tariffs loom, inflationary pressures linger, and many companies continue to rely on automation and permanent staff instead of large waves of seasonal hires," said Andy Challenger, senior vice president at Challenger, Gray & Christmas. "The cautious pace of announcements so far suggests that companies are not betting on a big seasonal surge. This year may be more about doing more with less." Key holiday retailers such as Target (NYSE: TGT), Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), UPS (NYSE: UPS), FedEx (NYSE: FDX) and Macy's (NYSE: M) have yet to disclose the amount of seasonal workers they plan to hire
Oracle (NASDAQ: ORCL) announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to head the cloud database service provider's business as co-Chief Executive Officers. Safra Catz, who has served as Oracle's CEO since 2014, will transition to a new role as the executive vice chair of the company's board of directors. "Oracle's technology and business have never been stronger. And our breathtaking growth rate points to an even more prosperous future," Catz said in a statement. "At this time of strength is the right moment to pass the CEO role to the next generation of capable executives." Magouyrk joined the company back in 2024 from Amazon Web Services (NASDAQ: AMZN), becoming a founding member of Oracle's cloud engineering team and serving as president of the company's cloud infrastructure business unit. Sicilia has held several roles at the company since joining through Oracle's acquisition of Primavera Systems in 2018, most notably serving as president of Oracle's industries division.
Nvidia (NASDAQ: NVDA) was in focus on Monday after the China's State Administration for Market Regulations ruled that the semiconductor maker violated Beijing's antitrust laws, Bloomberg News reports. The ruling was related to the company's acquisition of computer networking supplier Mellanox Technologies for $7 billion back in 2020. "We comply with the law in all respects," Nvidia said in a statement. "We will continue to cooperate with all relevant government agencies as they evaluate the impact of export controls on competition in the commercial markets." While China did not provide any consequences for Nvidia tied to the ruling, the decision will likely impact ongoing trade negotiations between Washington D.C. and Beijing, as top trade officials from both nations meet in Madrid, Spain to discuss topics including tariffs, export controls, and ByteDance's TikTok. China has previously discouraged domestic firms from purchasing Nvidia chips, with the company reporting no sales of its H20 chip developed for Chinese customers in its most recent quarter.
The U.S. Federal Aviation Administration (FAA) on Friday proposed fining Boeing (NYSE: BA) more than $3.1 million for a series of safety violations that occurred from September 2023 through February 2024. These include actions linked to the January 2024 Alaska Airlines (NYSE: ALK) 737 MAX 9 door plug mid-air emergency, and the aerospace manufacturer's interference with the safety officials' independence, the agency said. The FAA has also identified "hundreds of quality system violations" at the company's 737 factory in Renton, Washington, and subcontractor Spirit AeroSystems' (NYSE: SPR) 737 factory in Wichita, Kansas. The FAA also said Boeing presented two aircrafts to the agency for airworthiness certificates and "failed to follow its quality system." Moreover, the agency found that a Boeing employee pressured other workers performing tasks on behalf of the FAA to sign off on a Boeing 737 MAX airplane so the company could meet its delivery schedule, even though "the aircraft did not comply with applicable standards."
The Federal Trade Commission (FTC) announced Thursday it is launching an inquiry into seven tech companies that create artificial intelligence chatbot products for minors: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), CharacterAI, Instagram, Meta Platforms (NASDAQ: META), OpenAI, Snap (NYSE: SNAP), and xAI. The FTC seeks to learn how these companies evaluate the safety and monetization of companion AI, how they work to limit harmful impacts on children and teenagers, and whether parents are aware of potential risks. "As AI technologies evolve, it is important to consider the effects chatbots can have on children, while also ensuring that the United States maintains its role as a global leader in this new and exciting industry," FTC Chair Andrew N. Ferguson said in a press release. The inquiry follows a series of news reports of "AI-related psychosis" in some users, which is the growing phenomenon where users can believe the chatbot is a conscious being and can be lead into dangerous situations due to the sycophantic behaviors exhibited by many large language models (LLMs).
Klarna (NYSE: KLAR) finished its first trading session up 16% from its initial public offering (IPO) on Wednesday, ending the day at $46.40 to reach a valuation of about $17.5 billion. The Swedish buy now, pay later loan provider had raised $1.37 billion in its IPO on Tuesday, pricing its shares at $40 a piece. This was the company's second IPO attempt this year, initially postponing its plans in April after President Donald Trump's "Liberation Day" tariff announcement caused a deep, multi-session sell-off on Wall Street. The company's valuation as of Wednesday is well below its $45.6 billion valuation back in 2021 following a large investment from SoftBank, but is above the $6.7 billion Klarna was worth after a private funding round in 2022. Chief Executive Officer Sebastian Siemiatkowski told CNBC in an interview on Wednesday that Klarna has signed 700,000 members to its Klarna Card in the United States so far, and has a wait list of 5 million people. "We're attracting a slightly different audience maybe than the Affirm (NASDAQ: AFRM) card," Siemiatkowski said. "I get the impression that it is more a card where people use it simply to be able to have financing with interest on slightly higher tickets."
CrowdStrike (NASDAQ: CRWD) CEO George Kurtz told YahooFinance during the Goldman Sachs Communacopia conference on Tuesday that artificial intelligence is "minting more adversaries" to cybersecurity, which in turn is expanding the industry's total addressable market. "We've actually identified and found malware that uses any of the number of public GPTs to actually query, figure out what system it's on, figure out what it's doing, and then write scripts to actually go out and pull data back based upon each system it's on," Kurtz said. CrowdStrike, which experienced a global outage last year that affected the operating systems of many large companies, is hopeful this increased need will drive continued growth in the second half of the year, Kurtz said, adding that the company has "strengthened" its customer relationships. "At the end of the day, people love our technology. They love our platform. And we're solving a really hard problem for them, which is stopping the breach," Kurtz said.
Google's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube announced Monday that its first-ever exclusive global broadcast of a National Football League (NFL) game late Friday set a record for most concurrent live stream viewers on the platform. The game between the Kansas City Chief and the Los Angeles Chargers hosted in São Paulo, Brazil garnered over 17.3 million average-minute-audience (AMA) viewers from more than 230 countries worldwide, the company said in a blog post -- including 16.2 million AMA in the United States. The event also featured exclusive content and commentary from popular YouTubers including MrBeast, Marques Brownlee, Haley Kalil, and Deestroying, among others. This broadcast is part of YouTube's partnership with the NFL announced back in May in a bid to increase ad revenue by attracting a broader audience.
OpenAI announced it is developing an AI jobs platform to add to its broadening portfolio of consumer and business-oriented artificial intelligence products. The platform, aptly called "OpenAI Jobs Platform," will use the power of AI to connect qualified candidates with open roles at variously sized companies, putting the platform in direct competition with Microsoft's (NASDAQ: MSFT) business connection and talent platform LinkedIn. "Importantly, the jobs platform won't just be a way for big companies to attract more talent. It will have a track dedicated to helping local businesses compete, and local governments find the AI talent they need to better serve their constituents," wrote Fidji Simo, chief executive officers of applications at OpenAI, in a blog post on Thursday. Separately, OpenAI also plans to introduce a new AI certification program in relation to its OpenAI Academy online learning platform, which would also compete with LinkedIn's own learning platform.
JetBlue (NASDAQ: JBLU) announced it is partnering with Amazon's (NASDAQ: AMZN) Project Kuiper, the tech giant's low Earth orbit satellite network, to deliver in-flight internet service its commercial airline customers. "Staying connected is part of everyday life, even when you're traveling," said Panos Panay, senior vice president of Amazon Devices & Services, in a release. "With Project Kuiper, we're working to ensure you have a high-speed connectivity experience wherever you are -- at home or 35,000 feet in the air." JetBlue plans to begin offering the service starting in 2027, which will make it the first airline to use Kuiper satellites. Moreover, the terminals used on JetBlue's planes will be capable of download speeds of up to 1Gbps, compared to rival Starlink's current bandwidth maximum of 250 Mbps. SpaceX's satellite internet service is currently partnering with United Airlines (NASDAQ: UAL), Hawaiian Airlines (NASDAQ: HA) and Qatar Airways.