*By Christian Smith*
A recent report claiming that kids shouldn't have more than two hours of daily screen time has sparked a debate among parents and scientists, but the man in charge of Amazon's family and kids division thinks the debate is more nuanced than the study may suggest.
"All screen time is not created equal," Kurt Beidler, general manager of kids and family at Amazon ($AMZN), told Cheddar. "There's lots of wonderful things kids can do online, and we try to bring those experiences to kids."
The study published in [The Lancet](https://www.thelancet.com/journals/lanchi/article/PIIS2352-4642(18)30278-5/fulltext) found a correlation between screen time and mental cognition. However, it didn't prove that increasing screen time decreased mental capacity.
To help parents monitor their child’s activity online, Amazon developed FreeTime ー a suite of parental controls for screen time, content prioritization, and data security.
The software launched in 2012 and enables kids to safely surf the web on devices like the children's edition of the Fire tablet, which includes over 20,000 e-books, videos, apps, and games tailor-made for a younger set.
Many parents are concerned with giving their kids access to an unfettered internet ー especially given the recent data hacks on platforms like Facebook ($FB) ー so Amazon built in a data security safeguard.
"Kids can do whatever they want in FreeTime Unlimited, and to the extent parents aren't comfortable with them doing that, they can see what the kids are doing, and they can delete that data if that's not something that they're comfortable with," Beidler said.
For full interview [click here](https://cheddar.com/videos/how-amazon-is-helping-parents-monitor-their-kids-activity-online).
Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil.
Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
“Any consumer can tell you that online airline bookings are confusing enough," said William McGee, an aviation expert at the American Economic Liberties Project. "The last thing we need is to roll back an existing protection that provides effective transparency.”
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
Google will launch its long-delayed News Showcase product this summer.
Walmart is expanding its HIV treatments, planning to add over 80 specialty facilities across nearly a dozen states by the end of the year.
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
