🚀 New Amazon Echo

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Market Overview
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Year To Date Performances:

1. Amazon has unveiled a new $79 Echo Spot alarm clock featuring an improved design and enhanced audio quality. The updated model includes a display for time, weather, and song information, along with a front speaker that delivers clearer vocals and deeper bass. This marks the first upgrade since the Echo Spot's initial release in 2017. Prime members can purchase it for $44.99 during the Prime Day sale until July 17. Additionally, Amazon is anticipated to revamp its Alexa voice assistant, with further updates expected at their fall event, typically held in September.

2. Etsy, initially a haven for artisans offering handmade items, has recently been inundated with mass-produced goods from resellers, overshadowing genuine handmade products. In response, CEO Josh Silverman is steering Etsy back to its roots of "keeping commerce human." Starting Tuesday, Etsy will implement new policies to delineate which products belong on its platform, including labels indicating each item's origin. Supporting these changes, a new marketing campaign featuring a TV spot will highlight real artisans. The revised rules mandate that all products incorporate a "human touch" and fit into one of four categories: made by a seller, designed by a seller, handpicked by a seller, or sourced by a seller.

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4. Headlines

   1. Eli Lilly is acquiring Morphic Therapeutics for $3.2B.

   2. Jerome Powell warned that high interest rates could impact economic growth, this is the first significant sign that the Fed will likely lower rates soon.

   _{* This is sponsored content.}

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