Amazon CEO Andy Jassy Says Tariffs Have Not Affected Sales

Core Insights - Amazon CEO Andy Jassy stated that tariffs imposed by the Trump administration have not affected the company's sales or average selling prices, with no significant price increases observed [2][4] - Shareholders rejected all eight proposals during the annual meeting, which included topics on climate change, AI oversight, and corporate governance [4][5] - Amazon will disclose detailed voting results in a securities filing [5] Group 1: Sales and Pricing - Jassy emphasized that with 2 million sellers, pricing actions vary, leading to no uniform price changes across the platform [2] - The company has not experienced meaningful average selling price increases despite the tariffs [2] Group 2: AI Investments - Jassy confirmed that Amazon has no plans to reduce its AI investments, countering reports suggesting otherwise [3] - Changes in data center deployments are attributed to timing rather than a reduction in overall investment [4] Group 3: Shareholder Proposals - All eight shareholder proposals were vetoed, including requests for reports on climate-related risks, advertising practices, and warehouse working conditions [4][7] - Shareholders re-elected all 12 board nominees and approved the executive compensation plan [5]