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Search resuls for: "Andrew Jassy"


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Economists like to say the cure for high prices is high prices. In other words, consumers eventually start to hold back on spending when they are faced with increasing costs. On Monday, the New York Federal Reserve reported that consumers' three-year inflation outlook hit a record low. Many economists credit the Federal Reserve's decision to raise interest rates starting in the spring of 2022 with helping to curb the upswing. It is that last factor that the Federal Reserve is keenly focused on.
Persons: , Andrew Jassy, Wells Fargo, Mark Hamrick, Organizations: of Labor Statistics, Federal Reserve's, New York Federal Reserve, Federal, Fed, BLS, Gallup, Federal Reserve Locations: U.S, York
Amazon said on Wednesday that it was removing seven eyedrops products from its website after the Food and Drug Administration warned the company that the eyedrops had not been recognized as safe and effective. said in a letter to Andrew Jassy, Amazon’s chief executive, on Monday that Amazon had violated federal regulations by selling the eyedrops, which claimed to help with problems including pink eye, dry eyes, eyestrain and floaters. “These products are especially concerning from a public health perspective,” the F.D.A. letter said. “Ophthalmic drug products, which are intended for administration into the eyes, in general pose a greater risk of harm to users because the route of administration for these products bypasses some of the body’s natural defenses.”The eyedrops named in the letter are: Similasan Pink Eye Relief, The Goodbye Company Pink Eye, Can-C Eye Drops, Optique 1 Eye Drops, OcluMed Eye Drops, TRP Natural Eyes Floaters Relief, and Manzanilla Sophia Chamomile Herbal Eye Drops.
Persons: Andrew Jassy, Manzanilla Sophia Organizations: Food and Drug Administration, Amazon, Eye
Amazon laid off a total of 18,000 employees over the past couple of months, more than expected based on reports. She said the process felt "extremely robotic" and wished the company had been more transparent about its plans. This whole process has been extremely frustrating because of the lack of transparency we were provided. I know Amazon is a giant company, and I know the logistics of a more personalized approach would have been a nightmare, but on the other hand, we are human beings. The lack of transparency made it feel like I was just a line item instead of a human being.
Tim Cook’s pay re-enters earth’s atmosphere
  + stars: | 2023-01-13 | by ( ) www.reuters.com   time to read: +2 min
His pay has been out of this world, but then so has the iPhone maker’s share price performance. Nonetheless Apple, its investors and its board have agreed Cook’s pay should orbit closer to Earth in 2023. On Friday, Apple said Cook’s targeted pay will fall to $49 million. Apple says it will target his pay between 80th and 90th percentile among peers in future years. A bigger improvement is making Cook’s pay less of a giveaway.
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