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Illustration: Sarah Grillo/Axios

Amazon announced Thursday as part of its Q1 2020 earnings that it’s planning to spend the $4 billion it would expect in profit next quarter on worker safety and resources because of the coronavirus pandemic — then its stock dropped 5% in after-hours trading.

Why it matters: If you’ve been wondering for the last six to eight weeks why some publicly traded companies seem to be resisting strong measures to curb the virus spread, this a big reason.

  • Not to mention that added pay and safety resources could create an expectation long-term from employees that they’ll provide these as a baseline.
  • Of note: Despite its statements yesterday, Amazon continues to face criticism that it’s not doing enough to protect workers in warehouses and its Whole Foods stores.

The market isn’t a huge fan of companies investing in workers’ well-being when it means smaller margins or profits, delays, or really anything that’s not immediately up and to the right.

Case in point: Last summer, Nintendo delayed the release of the newest installment in its blockbuster game Animal Crossing, and its stock price took a hit.

  • Later that day, Nintendo of America president Doug Bowser explained that it was to avoid employee burnout, which often occurs in video game development as teams near game release deadlines.

Yes, but: Risking employee’s safety and health — in a potentially deadly manner — is not worth trying to protect that stock price.

  • And luckily for Amazon, the company still beat analyst expectations on revenue for the quarter, and its advertising and cloud services divisions also kept growing along with demand on its e-commerce side.

Go deeper: Amazon workers plan sickout over working conditions

Go deeper

Updated Aug 9, 2020 - Politics & Policy

Republicans and Democrats react to Trump's coronavirus aid action

President Trump speaks to workers at a manufacturing facility in Clyde, Ohio, on Thursday. Photo: Scott Olson/Getty Images

Some Republicans joined Democrats in criticizing President Trump Saturday night for taking executive action on coronavirus aid, with Democratic leaders demanding the GOP return to negotiations after stimulus package talks broke down a day earlier.

Why it matters: Trump could face legal challenges on his ability to act without congressional approval, where the constitutional power lies on federal spending. Sen. Ben Sasse (R-Neb.) was the most vocal Republican critic, saying in a statement: "The pen-and-phone theory of executive lawmaking is unconstitutional slop."

Updated Aug 9, 2020 - Politics & Policy

Ohio Gov. Mike DeWine again tests negative for coronavirus after positive result

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) tested negative for COVID-19 for a second time after initially testing positive last week, he announced Saturday.

Why it matters: 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol.

Updated Dec 4, 2021 - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine — Pfizer could have vaccine data for children under five by end of 2021, CEO says.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.