E-tail giant Amazon.com (AMZN) has revealed several new details about its drone delivery program, Prime Air, in an interview with Yahoo Tech. “I can tell you, it is very real. We’ve beefed up a team at Amazon Prime Air that includes aeronautical engineers, roboticists, a former NASA astronaut,” Paul Misener, Amazon’s president for global public policy, said in the interview posted Monday. “I’ve seen it. It’s gonna happen. It’s coming.” Amazon
Comcast (CMCSA) and other cable TV firms could gain the upper hand vs. programmers in content deals, says Morgan Stanley in a 2016 industry outlook. “We expect a shift in the relative power between distributors and content owners,” said the report. Regulators approved AT&T’s (T) acquisition of DirecTV Group in July, making it the biggest pay-TV provider. The Federal Communications Commission is studying Charter Communications’ (CHTR) proposed
Biotech Kite Pharma (KITE) got an upgrade to outperform from FBR Tuesday on a bullish outlook for its experimental cancer therapies. “Kite made tremendous progress in 2015, and 2016 looks to be no different, with a slew of potential meaningful milestones,” wrote analyst Ed White in his research note. He pointed to last week’s update of Kite’s phase-two trial of its chimeric antigen receptor (CAR) T-cell therapy KTE-C19 in blood cancer, in which