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AM Business Notebook

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Wednesday.  It marked the second straight positive session, with the S&P 500 reaching a new record high.  Technology stocks led the rally with Amazon, Apple and Microsoft all jumping one-percent.  At the closing bell, the Dow Jones Industrial Average surged 431 points to 42-512.  The S&P 500 rose 40 points to 57-92.  The Nasdaq jumped 108 points to 18-291.  

 

>>Fed Releases Minutes

(Undated)  --  The minutes from the Federal Reserve's latest meeting were released on Wednesday.  Investors were keeping an eye out for the thought process after the central bank moved to cut interest rates last month for the first time in four years.  Yesterday's reveal showed a "substantial majority of participants" favored cutting rates by half a percentage point, though some saw that as being too much.  Coming up today we'll get a look at the consumer price index - which the Fed uses to gauge inflation, along with weekly jobless claims.  

 

>>Amazon Plans To Expand Pharmacy Network

(Seattle, WA)  --  Amazon is expanding its national pharmacy network next year.  The retail giant said Wednesday that it's using its vast logistics network to improve access to affordable medications.  That includes adding 20 new pharmacies to the network in 2025.  The company said that by the end of next year, nearly half of Amazon customers will be eligible for same-day delivery of their prescription medication.  The pharmacies won't be locations where customers can walk in, instead they'll be attached to the company's same-day delivery sites.  Amazon confirmed a few of the new cities that will see the expansion, including Boston, Dallas, Minneapolis, Philadelphia and San Diego.

 

>>Tesla Robotaxi Event

(Undated)  --  Tesla has a big reveal coming up as it takes the wraps off its robotaxi today.  The event is set to take place at Warner Bros. Discovery's movie studio in Burbank, California.  CEO Elon Musk had previously set early August for the reveal, but that was pushed back as a result of what was called "an important design change."   

 

>>Marriott Settles With States Over Data Breach

(Bethesda, MD)  --  Marriott International has reached a 52-million-dollar settlement with 49 states and D.C. over a massive four-year-long data breach.  The hack targeted Marriott's Starwood system database.  More than 131-million guest records were compromised.  The lawsuit contends that had Marriott followed its own information security policies after acquiring Starwood in 2016, the data beach would have been prevented.  

 

>>Disneyland Announces Price Increases

(Anaheim, CA)  --  It just got more expensive to visit the Happiest Place on Earth.  Disneyland announced Wednesday that prices for single day, multi-day and Magic Key annual passes have all gone up.  The lowest price for a one day, one park ticket remains 104-dollars, but on the busiest days a ticket will now cost 206-dollars -- a 12-dollar increase.  Meanwhile, multi-day passes will now cost as much as 31-dollars more depending on how many days.  Meanwhile, Magic Key annual passes will now cost between 600 and one-thousand-750-dollars.
 

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