iHeartMedia Gains On JP Morgan Upgrade as Cost Cutting Seen Bearing Fruit
Monday, 10 May 2021, 18:42:47
A Morgan Stanley analyst note lays out how Amazon could reshape the way companies provide healthcare
Monday, 10 May 2021, 18:13:20
Summary List Placement After Amazon Care's national launch in March, Morgan Stanley analysts now say they believe the shipping giant's healthcare offerings could compete with other digital health companies that sell primarily to employers. In a note Friday, the investment banking firm's healthcare team predicted Amazon's future healthcare strategy will focus on offering customized employee benefits packages for employers. Pointing to its recently signed contract with Precor , the parent company behind Peloton, as well as its promotion of employee health clinic platform Amazon Care, analysts said Amazon's vast amounts of user data could give rise to new employee benefits tailor-made to the individual consumer. Although Amazon barely discussed its healthcare offerings in its first quarter earnings call, the analysts said they considered the company's nationwide rollout of Amazon Care in March the opening of an “important new front.” Building on previous estimates, the analysts sized Amazon's overall addressable market as $119 billion.
— Business Insider
Malaysia’s 1MDB sues Deutsche Bank, JP Morgan and Coutts
Monday, 10 May 2021, 18:04:01
State fund trying to recover billions in alleged losses from corruption scandal, according to court filings Malaysia’s now-defunct 1MDB state fund is suing subsidiaries of Deutsche Bank, JP Morgan and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, according to court documents seen by Reuters. 1MDB is claiming $1.11bn (£785bn) from Deutsche Bank (Malaysia) Bhd, $800m from JP Morgan (Switzerland) Ltd and $1.03bn from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit. Continue reading…
— The Guardian
Retail trading in the stock market declined sharply in March despite $1,400 stimulus checks, according to JPMorgan
Monday, 10 May 2021, 17:58:08
Summary List Placement A frenzy in retail trading failed to materialize in March despite $1,400 stimulus checks from the Biden administration. Retail trading activity fell to 18% of all US trades in March, according to a note from JPMorgan. “There has been a change in the behaviour of US retail investors during the third round of US stimulus checks,” JPMorgan said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . A third round of stimulus checks failed to juice retail trading activity in the stock market as it had in the past, according to a Friday note from JPMorgan . Retail trading activity fell to 18% of all trading volumes in March despite the issuance of $1,400 stimulus checks from the Biden administration, according to JPMorgan. The figure had stood at a record high of 28% last December as millions of Americans discovered the stock market amid the pandemic. Despite the significant drop to just 18% in March, retail trading activity is still well above its pre-virus levels of around 12%, according to the note.
— Business Insider
The US issued emergency legislation after its largest fuel pipeline was hit by a ransomware cyberattack, but an analyst says measures won't do much to make up supply
Monday, 10 May 2021, 13:17:54
Summary List Placement The US Department of Transportation (USDOT) has issued emergency legislation to help restore fuel supply after a ransomware attack Friday forced the country's largest fuel pipeline offline . President Joe Biden declared a regional emergency Sunday, allowing the new measures to be passed. USDOT's Federal Motor Carrier Safety Administration (FMCSA) issued a temporary hours-of-service exemption Sunday for people transporting refined petroleum products, including gasoline, diesel and jet fuel, to the affected states along the East Coast. Read more: JPMorgan lays out how to invest in the biggest stock-market beneficiaries of Biden's newly released tax and infrastructure-spending plans — and shares the potential losers to avoid The legislation, which became effective immediately, exempts motor carriers and drivers providing direct assistance related to the fuel shortage from legislation that regulates how long they can work. It covers drivers bringing supplies to Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
— Business Insider
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