Amazon.com Inc (AMZN) declined -3.4% on Tuesday. The European Commission has just sent a complaint to the US giant about the use of non-public data of independent sellers. A second inquiry into its e-commerce activities is also opening up. The Commission accuses Amazon of systematically using the non-public commercial data of independent sellers active in its marketplace, for the benefit of its own retail sector, which is in direct competition with that of these third-party sellers.
Adobe Inc. (ADBE) fell -4%. The U.S. software group announced the acquisition of Workfront, a platform for marketing work management, for $1.5 billion. This is a new project for Adobe to serve its customers better in the field of telecommuting. The acquisition will give Adobe more online marketing tooling to fit into its Experience Cloud.
The Boeing Company (BA) increased by 5.2 percent. The final phase of review of modifications to Boeing’s 737 MAX has started by the U.S. Federal Aviation Administration and is expected to complete the process in the coming days, FAA boss Steve Dickson told Reuters.
Amgen Inc (AMGN) was up 2.8% which announced that its new asthma therapy produced in Phase III with the British company AstraZeneca Plc (AZN), was also up 4.6% on Wall Street on Tuesday, and had achieved its primary objective.
American Airlines Group Inc (AAL) was down-6.2%. The company is introducing a 38.5 million share capital increase, the proceeds of which will be used to fund operations and reinforce cash flows.
Occidental Petroleum Corporation (OXY) dropped by -1.2% on Tuesday. The company on Monday evening announced a more-than-expected quarterly loss that could weigh on prices, despite a better sector wide trend following the recovery in crude oil prices.
Beyond Meat Inc (BYND) plummeted -16.9 percent after announcing of an unwelcome quarterly loss. The company also posted lower-than-expected revenues, suffering from lower demand for its meat substitutes.