Amazon.com Inc. (NASDAQ:AMZN) shares are surging during Tuesday’s trading session. The Nasdaq is up 1.68% while the S&P 500 has gained 1.50%.
The stock move comes as Amazon rolls out significant updates spanning labor relations, partnerships, and fintech.
Teamsters Reach Settlement Over Right to Strike
In a major shift in labor relations, Amazon reached a settlement to stop retaliating against workers who exercise their right to strike. The deal follows pressure from the Teamsters Union and mediation by the National Labor Relations Board (NLRB).
The agreement covers all 1,300 U.S. facilities.
Delta Air Lines Taps Amazon Leo for In-Flight Wi-Fi
Amazon also announced a massive agreement with Delta Air Lines, Inc. (NYSE:DAL). Delta will use Amazon Leo satellite technology to provide gate-to-gate Wi-Fi. The rollout begins in 2028 with an initial 500 aircraft.
The service will be free for Delta SkyMiles members. “This agreement gives us the best, fastest, and most cost-effective technology available,” said Delta CEO Ed Bastian. The hardware supports download speeds up to one gigabits per second.
Small Business Credit Cards Move to U.S. Bank and Mastercard
Expanding its fintech footprint, Amazon is transitioning its small business credit cards to U.S. Bancorp (NYSE:USB) and Mastercard Inc. (NYSE:MA). The new Prime Business Card and Amazon Business Card will launch this spring.
The cards offer up to 5% back on Amazon purchases. They integrate directly with Amazon Business spend management tools. Amazon Business currently drives over $35 billion in annualized gross sales.
AWS Partnership Drives AI Video Expansion
Separately, Avalon GloboCare Corp. (NASDAQ:ALBT) announced Tuesday it is accelerating its AI strategy via Caylent, an Amazon Web Services (AWS) Premier Tier partner. The collaboration aims to build an autonomous video platform on AWS infrastructure.
AMZN Stock Price Activity: Amazon.com shares were up 2.96% at $206.90 at the time of publication on Tuesday, according to Benzinga Pro data.
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