Bill Ackman's Pershing Square established a new position in Amazon after its stock fell over 30% following Trump’s tariff announcements, according to Benzinga. Pershing Square CIO Ryan Israel said the firm bought Amazon shares at a uniquely attractive time, confident the company could manage a slowdown in its cloud business, according to a Bloomberg report. Amazon CEO Andy Jassy told shareholders the company has seen no significant impact on consumer spending from the tariffs. Amazon shares ended Thursday's session up 0.98%.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Phil Atman's Pershing Square established a new position in Amazon after its stock fell over 30%
00:07following Trump's tariff announcements, according to Benzinga.
00:10Pershing Square CIO Ryan Israel said the firm bought Amazon shares at a uniquely attractive time,
00:15confident the company could manage a slowdown in its cloud business, according to a Bloomberg report.
00:20Amazon CEO Andy Jassy told shareholders the company has seen no significant impact
00:24on consumer spending for the tariffs.
00:26Amazon shares added Thursday's session up 0.98%.
00:29For all things money, visit Benzinga.com slash GSTV.