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Amazon offers to help Biden speed delivery of COVID vaccines – Aljazeera.com

The incoming CEO of Amazon’s retail unit wrote that the company is ‘prepared to leverage our operations, information technology and communications capabilities and expertise’ in vaccinating people.

Amazon.com Inc. is offering to help the Biden administration accelerate the distribution of Covid-19 vaccines, including to its own employees.

In a letter dated Wednesday, Dave Clark, the incoming chief executive officer of Amazon’s retail unit, offered his congratulations to President Joe Biden and Vice President Kamala Harris.

He reiterated a request Amazon made to the Centers for Disease Control and Prevention last month asking that frontline workers among the company’s more than 800,000 U.S. employees receive vaccines at the “earliest appropriate time.”

Even as much of Amazon’s white-collar corporate workforce at its Seattle headquarters and other offices toil from home, the company’s warehouses, cloud-computing data centers and Whole Foods Market stores have stayed open through the pandemic.

Clark said Amazon has a contract with an occupational health provider to administer vaccines at its facilities.

“We are prepared to move quickly once vaccines are available,” he wrote.

Reuters reported on the letter earlier Wednesday.

“Additionally, we are prepared to leverage our operations, information technology and communications capabilities and expertise to assist your administration’s vaccination efforts,” Clark went on.

“Our scale allows us to make a meaningful impact immediately” in the fight against the disease, he wrote.

In an interview with Bloomberg Television earlier this month, Jay Carney, a former Biden staffer who now runs Amazon’s policy and communications teams, said the company had offered aid to officials working on the presidential transition.

“We’ve offered suggestions, our experiences, and we’re open to any ideas the administration might have, the incoming administration might have, in how we can help,” he said.

Amazon is under pressure from regulators and Congress over its growing power, and it isn’t clear whether the Biden administration will step up that scrutiny.

Since the virus began spreading across the U.S., America’s second-largest private-sector employer has made major adjustments to its sprawling logistics network to accommodate social distancing.

Still, Amazon last year said that some 20,000 of its employees had tested positive for the virus in the first six months of the pandemic. Some employees, lawmakers and labor officials have criticized Amazon’s response to the crisis as insufficient.

Read More: Amazon offers to help Biden speed delivery of COVID vaccines – Aljazeera.com

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U.S. stock futures were flat in overnight trading on Wednesday after the major averages hit record highs on inauguration day.

Dow futures rose 24 points. S&P 500 futures ticked 0.05% higher and Nasdaq 100 futures rose 0.15%.

Major U.S. airline United dipped more than 2% in extended trading on Wednesday after missing on the top and bottom lines of its quarterly earnings. The airline warned warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on.

U.S. equities rose to record highs on Wednesday as the latest batch of strong corporate earnings rolled in, as Joe Biden was sworn in as commander in chief.

The Dow Jones Industrial Average rose more than 250 points to close at a record. Microsoft had the most positive impact on the Dow, adding 52 points to the index. 

The S&P 500 climbed 1.4%, notching an all-time high.

The Nasdaq Composite surged nearly 2%, closing at a record. The technology heavy index was helped by a 16% jump in Netflix‘s stock on the back of the streaming giants strong earnings and subscriber results.

The small cap benchmark Russell 2000 popped 0.44%.

Biden was sworn in as the 46th U.S. president on Wednesday, succeeding former President Donald Trump. During an inaugural address in which he called on Americans to reject efforts to sow division and pledged to work for the voters who did not support him, Biden declared, “Democracy has prevailed.” Biden is expected to work on his proposed $1.9 trillion coronavirus relief bill.

Wednesday “might have less to do with the inauguration than it does with the start of a new earnings season and with investors taking advantage of recent performance to lighten up on winners in favor of adding some out of favor new era stocks which may be leading a good earnings quarter,” said Jim Paulsen, chief investment strategist at the Leuthold Group.

“Perhaps, it simply reflects a globally synchronized economic recovery boosted by unprecedented stimulus and the nearing of vaccinations.  With a backdrop like that, it can go up regardless of who’s President,” Paulsen added.

Earnings season continues on Thursday with Baker Hughes, Union Pacific and Citrix reporting before the bell. Intel, IBM and CSX report after the closing bell on Thursday.

The Labor Department will release last week’s jobless claims data at 8:30 a.m. on Thursday. Economists polled by Dow Jones expect 925,000 Americans filed for unemployment last week, down from the previous week’s 965,000.

Read More: Stock futures flat after markets hit records in previous session, Biden takes office – CNBC