3/28/2018

BUSINESS/TRUMP AS PRESIDENT: “The White House rebuffed a report that President Trump planned to “go after” Amazon, a perceived threat that had shaved billions of dollars off the retail giant’s market value. Asked about the report, White House spokeswoman Sarah Sanders said there were no announcement or specific policies or actions the White House was currently pushing for or considering taking. Shares of Amazon slumped Wednesday [3-28-18] after news website Axios, citing five unnamed sources, said Trump is considering whether to change Amazon’s tax treatment because of the impact the online giant has had on smaller retailers. Shares of Amazon (AMZN) were down more than 5% in afternoon trading, little changed from earlier in the day.”

-Elizabeth Weise and David Jackson, “Trump administration: no plans to take action against Amazon,” USA Today, Mar. 28, 2018 3:44pm