New laws on drone use could significantly affect future utility of drones. This will probably directly affect stocks like AMBA and QCOM and indirectly companies like AMZN. From The Guardian:
In the not-too-distant future, Amazon could use a drone to deliver a package from a country warehouse all the way to … a nearby farm.
And that, the government said on Tuesday, is about it.
The Obama administration green-lit commercial drone flights but said it wasn’t ready to let Google and Amazon launch automated drone delivery fleets out across urban areas.
The regulations mark the government’s first explicit efforts to define the commercial uses for the horde of small, plastic, buzzing aircraft that are invading America’s skies. The Federal Aviation Administration said commercial drones are OK so long as the drone and its payload weigh less than 55lb, stay within unaided sight of the pilot and operators pass a test every two years. In addition, each drone must have its own pilot.
Read the entire article at https://www.theguardian.com/technology/2016/jun/21/amazon-go…
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