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Morning Brief anchors Seana Smith and Brad Smith detail the latest corporate news moving markets.
Amazon (AMZN) employees across four states initiated a strike Thursday morning after Amazon executives shut down the International Brotherhood of Teamsters' calls for negotiations. Amazon disputes the Teamsters' role, stating the union doesn't represent its workers and has "intentionally misled the public."
Foxconn (2354.TW, 601138.SS) is reportedly discussing the purchase of stockholder Renault's (RNO.PA) shares in Nissan (NSANY), according to the Central News Agency. This development comes as Nissan explores potential merger opportunities to address financial challenges.
Volkswagen (VWAGY, VOW3.DE) is approaching a new labor agreement that would maintain German factory operations and protect jobs through 2030, according to Bloomberg. The proposed deal would require workers to forfeit their bonuses.
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This post was written by Angel Smith