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Amazon.com Inc. (NASDAQ:AMZN) shares are surging during Tuesday’s trading session. The Nasdaq is up 1.68% while the S&P 500 has gained 1.50%.
The stock move comes as Amazon rolls out significant updates spanning labor relations, partnerships, and fintech.
Teamsters Reach Settlement Over Right to Strike
In a major shift in labor relations, Amazon reached a settlement to stop retaliating against workers who exercise their right to strike. The deal follows pressure from the Teamsters Union and mediation by the National Labor Relations Board (NLRB).
The agreement covers all 1,300 U.S. facilities.
Delta Air Lines Taps Amazon Leo for In-Flight Wi-Fi
Amazon also announced a massive agreement with Delta Air Lines, Inc.
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