FedEx (FDX) shares close over 4.5% higher after reporting a first-quarter earnings beat and boosting its guidance. Amazon (AMZN), on the other hand, closes in the red amid heightened speculation on whether the Federal Trade Commission (FTC) will file an anti-trust claim against the online retailer. Tesla (TSLA) is reportedly exploring plans to build out battery storage factories in India. Yahoo Finance Live anchors Josh Lipton and Akiko Fujita examine several trending stocks following Thursday's closing bell For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Sanofi is all in on AI and thinks it could help alleviate patent timeline pressures from the Inflation Reduction Act.
Shares of Amazon (NASDAQ: AMZN) were moving lower today as several news items seemed to combine to weigh on the stock. One analyst cut their profit estimates for the fourth quarter. First, Wells Fargo said in a note this morning that it expected pressure on Amazon's operating income in the key fourth quarter, forecasting $2 billion headwinds from 250,000 seasonal labor additions, competition from the new TikTok Shop, and higher diesel prices, which raise freight costs.