On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
The hosts kicked the show off by covering the drama that unfolded with Mylan (MYL) and its EpiPen allergy medication this week. Mylan became the center of controversy after several notable healthcare reform advocates, including Democratic presidential nominee Hillary Clinton, criticized the company’s price hikes on the EpiPen over the past several years.
Just a day after Clinton took to Twitter to announce her plan to combat high drug prices and demand that Mylan lower the cost of the EpiPen, the drugmaker announced that it would be taking several steps to reduce the cost of the medication for some patients.
Check out our full coverage of the saga: Did Hillary Clinton's Tweet Cause the Sell-Off in Mylan Stock? & Mylan Listens to Critics, Will Make EpiPen More Affordable
Maddy and Ryan also talked about the latest rumor from Amazon (AMZN). According to reports, Amazon is working on a couple of new music streaming services, including one that would only cost $5 a month. However, that $5 a month service would be limited to Amazon’s line of Echo smart speakers, despite the music streaming industry’s reliance on mobile streaming.
For the full story, go here: What Amazon's New $5 Streaming Music Service Means for Its Future
Using Amazon’s Echo smart speaker as a catalyst, the hosts turned their attention to the broader Internet of Things market. With a look at the current state of Internet of Things technology, as well as a glimpse towards to the future of IoT products, Maddy and Ryan had an extensive conversation about the latest trend in tech.
For more on the Internet of Things, check out our latest coverage: How to Invest in the "Internet of Things" & 3 "Internet of Things" Stocks to Buy Now
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world. The hosts discussa look at a major shakeup in the private prison industry, how health insurers like Aetna are finding it difficult to turn profits on the Obamacare exchanges, another busy week for Uber, and both Target's and Walmart's quarterly earnings results.
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
First up this week was Walmart’s (WMT) purchase of Jet.com. In yet another move to bolster its e-commerce offerings, Walmart scooped up the online discount retailer for about $3.3 billion. The competition between Walmart and Amazon (AMZN) will only continue to heat up from here.
Find out all the details on the acquisitions here: With Jet.com, Walmart is Finally a True Amazon Competitor
Maddy and Ryan also took a look at the widespread cancellations from Delta Air Lines (DAL) earlier this week. Due to a power outage that affected company computer systems, Delta was forced to cancel over 1,000 flights on Monday, 775 flights on Tuesday, and another 255 flights on Wednesday.
We took a look at Delta and the rest of the airline industry’s recent headaches here: After Delta's Latest Woes, Are Airline Stocks Worth Consideration?
Finally, the hosts covered this week’s most important earnings announcements. Solid reports from Macy’s (M) and Kohl’s (KSS) proved that retail might be bouncing back, while Shake Shack’s (SHAK) earnings and revenue beat failed to impress investors.
You can find our full coverage of those reports here: Macy's v.s. Kohl's Department Store Q2 Earnings Releases & Shake Shack Stock Falls on Weak Q2 Same-Store Sales Growth
Of course, the hosts also covered the week’s biggest report: Disney (DIS). After a period of struggle, Disney bounced back with an earnings and revenue beat, along with slight growth from ESPN. The company also announced a minority stake in a video streaming company that will help create a new, ESPN-brand streaming service.
Here’s how big of an impact this move could make: Disney's Purchase of BAMTech Could Change TV Forever
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
Ryan and Maddy started the episode by talking about Uber’s decision to sell its China business to rival Didi Chuxing. Business in China has always been a headache for Uber, and this deal was the company’s way of nobly bowing out of the competition. In the end, it looks like it could be a solid business move from both companies.
Check out all the details of the sale here: Uber Gives Up on China, Sells Business to Rival Didi Chuxing
The hosts also took a look at Instagram’s launch of its “Stories” feature. Instagram users can now post pictures and video slideshows that disappear after a 24-hour period. Sound familiar? Ryan and Maddy talk about why Instagram, and its parent Facebook (FB), would want to copy Snapchat.
Maddy covered the topic in full here: Why is Everyone Copying Snapchat?
This week was also the continuation of what has been a busy second-quarter earnings season. The hosts covered earnings from Fitbit (FIT) and Time Warner (TWX), before launching into a wider conversation about Tesla’s (TSLA) report and whether or not the electric vehicle company will ever be able to reach its lofty sales goals.
You can find all of our earnings coverage below:
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>