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%.
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