Don't try to out think Amazon...Deutsche Bank sees Amazon as a big winner should a White House Trade Proposal targeting Chinese discount retailers Shein and Temu $PDD Holdings Inc(PDD)$ , and others, go through. The plan would restrict the use of a U.S. trade loophole.
Amazon's booming everyday essentials business requires investor patience. Amazon is taking a short-term financial hit to grow its business for these products, with a plan to improve profitability down the road.
In other Amazon developments, Prime's Big Deal Days is coming back and set for Oct. 8-9; and CEO Andy Jassy told employees in a memo the company is returning to pre-Covid, five days a week in the office.
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