Estimates

• Investigators from Ann & Robert H. Lurie Children’s Hospital analyzed over 3.9 million hospitalizations to estimate sepsis in 1.3% of pediatric cases, equating to more than 18,000 U.S. occurrences yearly. • Sepsis carries a 10% mortality rate, resulting in over 1,800 child deaths annually, with no significant change in incidence or mortality from 2016 to 2022. • 72% of cases began before hospitalization, highlighting risks to otherwise healthy children and the urgent need for better prevention strategies.

• Netflix reported earnings that missed analyst estimates, yet broader market indices maintained record highs as investor focus remained on Iran ceasefire developments and energy market normalization. • The streaming giant's earnings disappointment was overshadowed by positive sentiment around geopolitical deescalation and reduced energy price pressures benefiting the wider market. • Market participants are weighing mixed corporate earnings results against macro-level improvements in global risk sentiment and supply chain stability.

• Amazon reported Q1 revenue of $178.4 billion, exceeding analyst expectations by 6%, with AWS (Amazon Web Services) cloud division generating $27.8 billion in revenue and posting 31% year-over-year growth. • Net income reached $5.1 billion, representing a 47% increase versus the year-ago quarter, driven by operational efficiencies and robust demand for cloud infrastructure supporting AI applications. • The company raised full-year revenue guidance to $760-775 billion, the upper end of which implies acceleration in growth rates, reinforcing Amazon's position as a primary beneficiary of enterprise AI spending and consumer e-commerce resilience.

• Secretary of State Marco Rubio stated the US conflict with Iran would extend another two to four weeks, while signaling no immediate plans for a ground operation into Iranian territory. • Rubio identified preventing Iran from imposing tolls on ships crossing the Strait of Hormuz as the biggest post-conflict challenge, characterizing such action as illegal and dangerous to global commerce. • The statement comes as the US deploys additional troops to the region following an Iranian missile and drone attack that injured 12 American service members at a Saudi base.

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’Business live – latest updatesJP Morgan Chase has started to compare the hours junior investment bankers claim to have worked against logs on its IT system.The US bank said it would begin issuing reports to junior bankers that compare computer-generated estimates of their work weeks against their self-reported time sheets as part of a pilot scheme. Continue reading...