Amazon.com announced a $50 billion investment to enhance AI and high-performance computing services for U.S. government clients. Nearly 1.3 gigawatts of capacity will be added through advanced data center build-outs, aiming to boost discovery and decision-making capabilities for government agencies. The move aims to accelerate innovation and efficiency in government operations.

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1. The FDA approves emergency use of Pfizer’s Covid-19 vaccine for children ages 5 to 11, making it the first vaccine authorized for this age group.
2. Tesla reports record profits in the third quarter, sending its stock price surging as the company beats earnings expectations.
3. Facebook changes its name to Meta in a rebranding effort to focus on the metaverse and virtual reality technology.
4. The US economy adds 531,000 jobs in October, exceeding expectations and bringing the unemployment rate down to 4.6%.

“CNBC”
1. Apple announces plans to release a new mixed-reality headset in 2022, combining virtual reality and augmented reality technology.
2. Amazon faces scrutiny over working conditions at its warehouses, with reports of employees being pushed to meet productivity targets.
3. The SEC proposes new rules to increase transparency in short selling, aiming to prevent market manipulation and improve investor protection.
4. Disney+ surpasses 100 million subscribers worldwide, fueled by the success of original content like “The Mandalorian” and “WandaVision”.: Amazon to Invest $50 Billion Building Data Centers to Support U.S. Government