The bottom line
▪ Amazon’s third annual Prime Day sale this month was its biggest shopping day ever, surpassing even Cyber Monday and Black Friday. The sales event pulled in an estimated $1_billion in revenue. The most popular item was Amazon’s Echo Dot minispeaker, which was marked down by 30 percent for the day.
▪ Pharmaceutical companies have spent more money returning profits to shareholders over the past decade than developing new cures and treatments. Between 2006 and 2015, the 18 drug companies in the S&P 500 spent a combined $516 billion on buybacks and dividends, compared with $465 billion for research and development.
The New York Times
▪ Forty-four percent of Americans have regrets about buying their current home, according to a survey by real estate listings site Trulia. The most common source of regret was not choosing the right home size, with nearly a third of homeowners wishing they’d bought a bigger house.
▪ Seventy percent of_Ameri cans think it is “very_impor tant” or “somewhat im por tant” to buy U.S.-made products, according to a recent survey, but 37 percent say they wouldn’t pay higher prices for American-made goods. Twenty-six percent say they would pay only up to 5 percent more to buy U.S. products.
▪ More people now watch Netflix in other countries than in the U.S. The streaming video site has 52 million subscribers overseas, compared with 50 million in the U.S.