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Why Peloton Skyrocketed This Week

It may have been a tumultuous week for Peloton Interactive (NASDAQ: PTON) the company as its CEO resigned and it announced 2,800 layoffs; but it was a banner week for Peloton the stock as shares of the connected fitness specialist were up 51% as of Thursday's close, according to data from S&P Global Market Intelligence. A number of different items drove the stock's surge. Peloton stock started off the week with a bang, jumping 21% on reports that Amazon (NASDAQ: AMZN) and Nike (NYSE: NKE) were considering making buyout offers for the company. Read More...

American City Business Journals

Amazon’s PenPlace design earns key approval, heads into final stretch of reviews

PenPlace, the 3.2 million-square-foot second phase of Amazon.com Inc.’s second headquarters, has earned the key support of Arlington County staff as it heads into its final stretch of reviews. During the last Site Plan Review Committee meeting Thursday, Peter Schulz, a staffer with the Arlington planning division, said “staff has no major outstanding issues” with regard to PenPlace’s architecture and landscape design. “We would like to continue to work with the applicant on some minor things, including the security measures to make sure they’re in harmony with the wonderful design that they’ve proposed for the public space and for the architecture of the buildings,” Schulz said after members of Amazon’s design teams, NBBJ and Scape, presented their final designs.

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