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Amazon’s drug ambitions sputter, Netflix isn’t slowing down, and more news

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Amazon 
Amazon has stopped plans to sell prescription drugs in bulk to hospitals, reports CNBC. The e-commerce giant struggled to secure deals with institutions and lacked the “sophisticated logistics network” needed for drug transport.

Netflix
Netflix rocketed past growth targets and hit 125M global subscribers. Netflix’s heavy investment in original programming — the service has launched 18 shows already this year — has boosted growth.
 
Russia Sanctions
The White House reversed plans for new sanctions against Russia in response to an alleged chemical attack by Syria on its citizens. The announcement by the U.N.’s Nikki Haley on Sunday was called “a misstatement” by administration officials.
 
Quote
"Netflix has changed the industry… making it very difficult for the traditional media companies, or even other big tech companies, to catch up." Deutsche Bank analyst Bryan Kraft

Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Lorraine K. Lee 
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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