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Trends
- 1Amazon lays off hundreds of retail employees●Amazon layoffs hit hundreds in retail; Seattle impact unclear
Amazon is carrying out layoffs affecting hundreds of employees in its retail division, according to local Seattle news reports from KIRO 7 and MyNorthwest. The company has not detailed how many of the cuts will land at its Seattle headquarters, and the local impact remains unclear. The move is the latest in a series of job reductions at the tech giant as it trims costs across parts of its business.
- 2Vaccine stocks rally after Russian plague lab worker death●NVAX, EBS, ARCT, MRNA Rally After Russia Plague Lab Worker's Death: Retail Traders Eye 'Contract Awards'
Shares of Novavax, Emergent BioSolutions, Arcturus Therapeutics and Moderna are moving higher following reports that a lab worker in Russia died after contracting plague. Retail traders are speculating the incident could lead to government contract awards for vaccine developers, fueling the rally.