business

8/19/25

Flex sees brief spike after granting Amazon right to buy shares

Flex shares rose over 7% before the market opened on Tuesday after the electronics manufacturer disclosed a warrant agreement with Amazon, but the stock gave back most of those gains during Tuesday trading. The deal, which took place last Friday, will give Amazon the option to buy up to 3.86 million Flex shares at $51.29 each.

Flex designs and builds products for major brands across industries, from cloud servers to medical devices to EV charging hardware. The new warrant is part of a broader commercial deal between the two companies and runs through 2030. Flex said Amazon won’t gain any voting power unless the option is exercised.

The decision comes as Flex tries to maintain momentum in its high-growth data center and cloud infrastructure business. Last month, the company posted solid Q1 earnings results, and recently expanded its credit facility to bolster liquidity.

Flex shares are up over 57% over the past year.

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Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

Lululemon sales are being squeezed — but it’s hoping sports sponsorships will save its skin

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