Thursday, February 1, 2024

Merck Beats At Top- And Bottom- Lines (Up, In Pre-Market)… Will Discuss AMZN Later Today


And. . . until we get back, consider this (other duties call). Merck has posted a very good Q4 2023 report -- and because so many others are covering it -- we will leave it at that. Except to say that we predicted it on November 24, 2023. Pretty early as such guesses go. [MRK was at about $100/share on the NYSE then; now? $125/share, this morning. So -- up ~25% in three months. Grin.]

Anyhoo, with Amazon due to report its latest quarterly results tonight (and likely to post bottom line beats as well), we thought we'd offer the "long form" of what all the company bends Congress's ear about -- spending $4.46 million in Q4 alone (more than many pharmw concerns spend in a year!) -- and over $17 million for the full year.

Here is the Amazon rundown -- from Q4 2023 (predicted Q4 financial disclosures for tonight appear at the top, however, here). And, since we've had a repeated series of "interesting" visits from the company in the last few days, and in swarm fashion, to boot -- we will post again in the next day or so, on Bezos' behemoth. Here you go:

. . .According to market analysts, Amazon [the e-commerce company] is expected to collect $166 billion in revenue in the fourth quarter, increasing a 11.4% from the same period the year before when its net sales mounted at $ 149.2 billion. The company's earnings per share are anticipated to arrive at $0.81 compared to the $0.03 apiece recorded during the corresponding quarter a year before, promising tremendous growth. . . .

[Lobbying on] Issues related to broadband access and affordability, satellite communications, space safety, spectrum, device accessibility, Section 230 reform, content moderation, and online video, including the ORBITS Act of 2023 (S. 447), the Satellite and Telecommunications Streamlining Act (H.R. 1338) and implementation of the Infrastructure Investment and Jobs Act (P.L. 117-58). . . .

Issues related to health information technology, healthcare and telehealth, including the Telehealth Expansion Act (H.R. 1843 / S. 1001), the Telehealth Benefit Expansion for Workers Act (H.R. 824), the CONNECT for Health Act (S. 2016 / H.R. 4189), and the Primary Care Enhancement Act (H.R. 3029); and issues related to pharmacy, including the Prescription Information Modernization Act (H.R. 1503) and the Better Mental Health Care, Lower-Cost Drugs, and Extenders Act (S. 3430); and issues related to Fiscal Year 2024 appropriations bills. . . .

Issues related to intellectual property, including copyright reform and online infringement, counterfeits, including the SHOP Safe Act (S. 3934), music licensing, patent reform, Copyright Office modernization, issues related to the Digital Millennium Copyright Act, and issues related to intermediary liability. . . .

Issues related to taxes, including renewable energy tax credits, digital goods and services, international and corporate taxation, the American Innovation and Jobs Act (S. 866), the American Innovation and R&D Competitiveness Act (H.R. 2673), Tax Cuts for Working Families Act (H.R. 3936), the Small Business Jobs Act (H.R. 3937), the Build it in America Act (H.R. 3938), and implementation of the Tax Cut and Jobs Act (Public Law 115-97). . . .

Issues related to data protection, encryption, data retention, data breach notification, data security, facial recognition technology, cross border data flows, privacy, law enforcement access, fraud prevention, price gouging, false claims, product safety related to the sale of counterfeit and/or stolen products, including the Combating Organized Retail Crime Act (H.R. 895 / S. 140), and cloud computing, including the American Data Privacy and Protection Act (H.R. 8152). . . .

Issues related to cybersecurity, including critical infrastructure protection, payments security, cloud security, authentication, government procurement, cybersecurity incident reporting, and artificial intelligence, including implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31). . . .

Issues related to postal rates, service performance, the Financial Services and General Government Appropriations Act, 2024 (H.R. 4664 / S. 2309), implementation of the Postal Service Reform Act of 2022 (Public Law 117-108), and the transportation of hazardous materials. . . .

Issues related to cybersecurity, cloud security, IT modernization, and government procurement, including implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31), the Strengthening Agency Management and Oversight of Software Assets Act (H.R. 1695 / S. 931), and the Multi-Cloud Innovation and Advancement Act of 2023 (S. 2871). . . .

Issues related to immigration, high-skilled immigration, and non-immigrant visas, including issues related to employment-based visas, green card backlog, the STEM visa exemption provision, the DREAM Act (S. 365), the EAGLE Act (S. 3291), the Afghan Adjustment Act (H.R. 4627 / S. 2327), and Deferred Action for Childhood Arrivals (DACA). . . .

Issues related to US trade policy, including USMCA, the World Trade Organization, the World Customs Organization, China, country of origin labeling, US customs policy and procedures, US tariffs, foreign direct investment, issues related to domestic semiconductor manufacturing and research, export controls, sanctions, and supply chain, and other trade practices, including in the EU, Asia, and Latin America, and the COOL Online Act (H.R. 217). . . .

Issues related to the technology, procurement, and space provisions of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31), and the Department of Defense Appropriations Act (H.R. 4365). . . .

Issues related to IT system improvements and cloud computing, including issues related to implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31), the Intelligence Authorization Act for Fiscal Year 2024 (S. 2103), and implementation of the FY 2023 Consolidated Appropriations Act (P.L. 117-328). . . .

Issues related to drones and air cargo, including the Transportation, Housing and Urban Development, and Related Agencies Act, 2024 (S. 2437 / H.R. 4820) and FAA reauthorization legislation, including the Securing Growth and Robust Leadership in American Aviation Act (H.R. 3935), and the Federal Aviation Administration Reauthorization Act of 2023 (S. 1939). . . .

Issues related to payment processing, corporate governance, debit reforms, financial innovation and technology, lending, gift cards, money transmission licensing, fraud prevention, payment authentication, data security, the CFPB larger participant rule, the CFPB open banking rule, the Credit Card Competition Act (H.R. 3881 / S. 1838), the Financial Services and General Government Appropriations Act, 2024 (H.R. 4664 / S. 2309), and financial inclusion. . . .

Issues related to surface transportation, including autonomous vehicles, alternative fuel vehicles, community infrastructure investments, electric vehicle charging infrastructure, e-bikes, hazardous materials, port congestion, U.S. internal supply chain and goods movement, and maritime transportation; issues related to infrastructure, including implementation of the Infrastructure Investment and Jobs Act (P.L. 117-58). . . .

Issues related to USDA SNAP online purchasing, including reauthorization of the Agricultural Improvement Act of 2018 (P.L. 115-334), Electronic Benefit Transfer, the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), and food safety. . . .

Issues related to implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31), e-commerce opportunities for small businesses, and government procurement. . . .

Issues related to veterans hiring and training, employee compensation and benefits, workplace safety, competition, and minimum wage, including the AMERICA Act (S. 1073), and a bill to provide that certain discriminatory conduct by covered platforms shall be unlawful, and for other purposes (AICOA) (S. 2033). . . .

Issues related to STEM education, computer science education, and job training in the CHIPS and Science Act of 2022 (P.L. 117-167), and implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31). . . .

Issues related to IT modernization, cybersecurity, FedRAMP, open data, and government procurement, including the Transportation, Housing and Urban Development, Agriculture, Rural Development, Energy and Water Development, Financial Services and General Government, Interior, Environment, Military Construction, and Veterans Affairs Appropriations Act, 2023 (H.R. 8294), implementation of the National Defense Authorization Act for Fiscal Year 2024 (P.L. 118-31), implementation of the Foundations for Evidence-Based Policymaking Act of 2018 (Public Law 115-435), the FY 2024 Consolidated Appropriations Act (draft bill - no numbers), the Strengthening Agency Management and Oversight of Software Assets Act (H.R. 1695 / S. 931), implementation of the Federal Information Security Management Act (Public Law 107-347), and the Multi-Cloud Innovation and Advancement Act of 2023 (H.R. 4891 / S. 2871)Issues related to IT modernization, cloud computing, and IP in general appropriations and the federal budget, including the FY 2024 Consolidated Appropriations Act (draft bill - no numbers). . . . .

Issues related to the Equality Act (H.R. 5 / S. 393), the Justice in Policing Act (draft bill - no number), and cannabis reform, including the States Reform Act (H.R. 5977) and the Cannabis Administration & Opportunity Act (S. 4591). . . .

Issues related to Amazons Climate Pledge, including alternative fuel vehicles, electric vehicle charging infrastructure, renewable electricity data, federal fleet electrification, maritime and shipping decarbonization, sustainable aviation fuel (SAF), and low-carbon R&D. Issues related to energy and environmental provisions in the Infrastructure and Jobs Investment Act (P.L. 117-58). . . .


All whilst grinning -- with a friendly wave to all current and former Amazonians out there in the US, Germany, Singapore and the Philippines as well. Hey you -- keep up the good union fight. We will have the briefs on the JFK8 NLRB cases, shortly here.

Oh. And we may ALSO analze the federal court decision striking Elon Musk's $55 billion pay package. Woot.

Do stay tuned. Out.

नमस्ते

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