R&D Market Pulse: Amazon Closer to Announcing Headquarters Location

The R&D Index for the week ending May 25, 2018 closed at 4,237.32 for the 25 companies in the R&D Index. The Index was up 0.83% (or 34.96 basis points) from the week ending May 18, 2018. Thirteen R&D Index companies gained value last week from 0.11% (Pfizer and Bristol Myers Squibb) to 4.26% (Qualcomm). Twelve R&D Index companies lost value last week from -0.08% (Merck & Co.) to -4.47% (Toyota).

R&D Index member Amazon noted that it completed on-site tours of all 20 finalist cities in May for its second headquarters location and that selection will be announced soon. Analysts have noted that the selection is likely to be in northern Virginia to give Amazon access to the Washington DC area. Analysts also commented that R&D Index member Apple is also looking to create a second headquarters location which currently is expected to be in either the Raleigh-Durham, NC area or northern Virginia, similar to Amazon. Apple is being secretive about its selection process other than it will announce its selection by the end of 2018.

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