In the race for market share, Amazon is poised to surpass Apple in the next five years, with a valuation of $2.4 trillion compared to Apple’s $3.5 trillion. Amazon’s growth potential, driven by Amazon Web Services (AWS) and advertising services, makes it a strong stock pick. AWS revenue grew 17% year over year in Q2, accounting for 53% of Amazon’s operating profits. With rising profit margins and a 31% increase in operating income in Q2, Amazon’s profit growth outpaces Apple’s. Investing in Amazon now could lead to significant returns in the future. 1. The stock market saw a significant increase today, with the S&P 500 reaching a new record high of 4,600 points.

2. A new study has found that 70% of Americans now have at least one dose of the COVID-19 vaccine, marking a major milestone in the fight against the pandemic.

3. The unemployment rate dropped to 4.2% in the latest report, the lowest it has been since the start of the pandemic.

4. The FDA has approved a new drug for the treatment of Alzheimer’s disease, offering hope to those affected by the condition.

5. In sports news, the New England Patriots secured a spot in the playoffs with a decisive win over their rivals.

Read more at 1. Tesla’s stock price jumps after announcing record profits in the third quarter. – CNBC

2. Amazon reports a 37% increase in revenue for the second quarter, exceeding Wall Street expectations. – Wall Street Journal

3. Facebook faces backlash over leaked internal documents revealing negative effects of its platform on teenage mental health. – Reuters

4. Apple unveils new iPhone models with advanced camera features and longer battery life. – CBS MarketWatch

5. Google announces plans to invest $1 billion in renewable energy projects to reduce carbon footprint. – Barchart: 1 Brilliant Artificial Intelligence (AI) Stock That Will Be Worth More Than Apple by 2030