Amazon.Com Inc - AMZN STOCK NEWS

Amazon.com, Inc. (NASDAQ: AMZN) is set to hold a conference call on October 29, 2020, at 2:30 p.m. PT to discuss its third quarter 2020 financial results. The call will be available via live webcast, and the audio along with associated presentation slides will remain accessible for at least three months on the company's investor relations page at www.amazon.com/ir.

Amazon's recent Prime Day event marked record-breaking sales, generating over $3.5 billion for small and medium-sized businesses, a nearly 60% increase from last year. The event spanned 19 countries and resulted in Prime members saving more than $1.4 billion. Amazon is investing $18 billion in support of small businesses, with significant promotions leading to over $900 million in sales prior to Prime Day. Popular categories included Home and Electronics, with top-selling products like Echo Dot and iRobot Roomba. Prime membership continues to grow, enhancing customer savings and shopping experiences.

Amazon is set to launch its highly anticipated Prime Day on October 13 at 12am PT, offering exclusive access to over one million deals across 19 countries. Members can shop early via Alexa starting October 11, with a focus on supporting small businesses. The promotion includes curated collections featuring small businesses and a $10 credit for spending $10 on select items. Prime Day will showcase unprecedented deals on Amazon devices, electronics, home goods, toys, and more, with significant discounts available on top brands and products.

Amazon Web Services (AWS) and Carrier Global Corporation have entered a multi-year agreement to co-develop Carrier's Lynx digital platform, enhancing visibility and intelligence in cold chain operations. This collaboration aims to improve temperature-sensitive cargo management, optimizing resource utilization and reducing loss. The Lynx platform will integrate Carrier's refrigeration solutions with AWS's IoT and analytics capabilities, offering end-to-end tracking and predictive analytics. This partnership signifies a strategic move for both companies in the rapidly evolving digital transformation landscape.

Amazon (AMZN) has announced a $1 million donation to assist underserved students in Northern Virginia, addressing urgent needs amid the COVID-19 pandemic. The funds will be allocated through the 'Right Now Needs Fund' managed by Communities In Schools NOVA, ensuring students receive essentials like food, clothing, and school supplies. This initiative follows Amazon's previous efforts, including a similar fund in Seattle that has supported over 17,000 instances of aid. Amazon aims to help students focus on their education during these challenging times.

Amazon's eero introduces eero for Service Providers, a premium hardware and software solution aimed at enhancing internet service providers' (ISPs) ability to deliver high-quality home wifi. Set to launch in November, this offering integrates advanced features such as eero Insight for predictive network management, eero Secure for enhanced security, and the eero 6 Series Mesh Wifi Systems supporting Wi-Fi 6 technology. These tools aim to improve customer satisfaction and retention while allowing ISPs to better address challenges in the evolving landscape of home connectivity.

Amazon reported that Vu Anh Nguyen was charged with federal wire fraud and aggravated identity theft after issuing false refunds to himself and associates. The company identified the suspicious activity through its monitoring systems, leading to Nguyen's termination and a report to law enforcement. The Department of Justice's prompt action underscores Amazon's commitment to preventing fraud. Amazon emphasizes that it proactively mitigates misconduct and reaffirms its position against fraudulent behavior.

Amazon (NASDAQ: AMZN) announced the return of Thursday Night Football on Prime Video and Twitch, starting October 8, featuring the Tampa Bay Buccaneers vs. Chicago Bears. This season includes multiple announcer options, exclusive feeds like the 'Scout's Feed', and the return of NFL Next with new hosts. Enhancements such as X-Ray for real-time stats and a new original content lineup on Twitch are also introduced. The aim is to enhance the fan experience, providing deeper insights and more interactive viewing options.

Amazon Music, under the ticker AMZN, has partnered with Universal Music Group and Warner Music Group to enhance music streaming quality. This collaboration aims to remaster thousands of songs and albums to Ultra High Definition (UHD), allowing fans to enjoy superior audio quality across various genres. Notable artists like Elton John and Ariana Grande will feature remixed 3D Audio formats. Amazon Music HD offers over 5 million UHD songs and more than 60 million lossless tracks for a subscription price of $12.99/month for Prime members, enhancing the auditory experience for music lovers.