Wall Street Breakfast Amazon adds BETA to cart
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Feb 11, 2026 Amazon takes a significant stake in an aviation startup, sending its stock higher. A major biotech faces an FDA refusal-to-file for a flu vaccine application. A cosmetics company sues a retailer over alleged counterfeit online sales. Various market movers and corporate event calendars round out the day’s top headlines.
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Amazon Takes Stake In Electric Aviation
- Amazon disclosed a 5.3% stake in Beta Technologies, sending the electric aviation firm's stock sharply higher pre-market.
- The stake shows big-tech interest in electric aviation as a potential logistics and delivery enabler.
FDA Refuses To File Moderna's Flu Shot
- The FDA issued Moderna a refusal-to-file letter for its mRNA-1010 flu vaccine due to trial design concerns, not safety or efficacy issues.
- Moderna said the comparison group didn't reflect U.S. standard of care and requested a meeting to clarify next steps.
Estée Lauder Sues Over Counterfeits On Walmart
- Estée Lauder sued Walmart claiming third-party sellers on Walmart.com sold counterfeit La Mer, Clinique, Aveda, and Tom Ford products.
- The complaint alleges Walmart profited by allowing trademarks in search results and failed to properly vet marketplace sellers.