Wednesday, April 28 to Tuesday, May 4, 2021

Amazon Q1 Earnings

Source: CNBC

  • Amazon’s stock price increased by more than 3.5% on Thursday, April 29th after company earnings beat the estimates of analysts.

Verizon Sells Yahoo & AOL to Apollo

Source: WSJ

  • Apollo agreed to pay roughly $5 billion to acquire Yahoo and AOL from Verizon.

Being Fully Vaccinated Could Mean Traveling to Europe This Summer

Source: European Union

  • Under a travel proposal the European Commission released, fully vaccinated travelers from countries with low infection rates and proof of vaccination would be allowed to visit 27 EU nations this summer if approved.

The Government/Economy

  • President Biden proposed the American Families Plan to raise $1.5 trillion by collecting more taxes from Americans who earn more than $400,000 a year. He hopes to expand education, paid leave, and child care services with the tax revenue. (Source: CNBC)

Company News

  • Warren Buffet said in his annual shareholder meeting last weekend that he would most likely choose Greg Abel, Berkshire Hathaway’s Vice Chairman of non-insurance businesses, to be his successor. Buffet is currently 90 years old, while Abel is 58. (Source: Bloomberg)

COVID-19

  • Governor of Florida, Ron DeSantis, signed an executive order that suspends all COVID-19 restrictions, saying that “we are no longer in a state of emergency”. (Source: CNBC)

Written By:

Director: Jacquline Ruan

Managers: Vaibhavi Bamane, Melissa Chen, Stacy Kim