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Amazon
Amazon has 100M Prime members, reveals CEO Jeff Bezos in his annual shareholder letter. The e-commerce giant, historically vague about Prime figures, says it added more members last year than ever before.
Southwest
The FAA ordered an inspection of 220 jet engines after a Southwest engine explosion left one passenger dead on Tuesday. The Dallas-bound Southwest flight was 20 minutes in when its CFM56 engine exploded due to a broken fan blade.
Procter & Gamble
Procter & Gamble will buy Merck KGaA’s consumer-health business for $4.2B — one of P&G’s largest purchases in recent years. The unit sells over-the-counter products in more than 40 non-U.S. markets, making roughly $1B in annual sales.
Quote
“High standards are contagious... The opposite is also true. If low standards prevail, those too will quickly spread.” Amazon CEO Jeff Bezos, in his annual shareholders letter
Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Lorraine K. Lee
Art: Jacqueline Zaccor
Producer: Florencia Iriondo