445 stories mentioning AmazonUpdated 1d ago
Traded amid mixed consumer stocks; its Whole Foods unit lost a US labor board appeal over a Philadelphia store unionization vote.
OpenAI, Anthropic Push Trump Administration to Expand AI Models Requiring Government Review, The Information Reports
Meta Platforms (META) and asset manager BlackRock (BLK) have teamed up to develop a data center campus in El Paso, Texas, at a cost of roughly $14 billion, the companies said Tuesday.Technology giants are ramping up investments to support their artificial intelligence initiatives. Meta is targeting capital expenditures of $125 billion to $145 billion this year, including for data center buildouts.The Facebook and Instagram parent said Tuesday it will invest more than $10 billion in the El Paso facility.Meta intends to use the entire data center campus under an initial four-year lease agreement, with a maximum lease term of 20 years, according to a joint statement.The partnership "allows us to move faster and at greater scale -- pairing our deep expertise in designing and operating world-class data centers with one of the world's leading infrastructure investors," Meta Chief Executive Mark Zuckerberg said.BlackRock-managed funds will own an 80% interest in a venture to be formed with Meta, which will take the remaining 20% stake in it."Companies around the world are looking for long-term strategic partners to help develop their most important projects, and BlackRock is built to meet that need," BlackRock CEO Larry Fink said.Meta, along with Alphabet (GOOG, GOOGL), Amazon.com (AMZN) and Microsoft (MSFT), are expected to spend $650 billion in capex, compared with $410 billion last year, asset management firm Bridgewater Associates said in February.Some companies have sought financing for their AI initiatives, like CoreWeave (CRWV), which in March announced an $8.5 billion loan facility to expand its AI cloud platform.Meta and BlackRock expect to close the deal in the coming days, with an aim to start capacity deployment in 2028.The announcement comes ahead of Meta's second-quarter results, due out after market close on Wednesday. Shares of Meta were flat intraday Tuesday, while those of BlackRock advanced by 3.2%.Price: $592.89, Change: $-0.98, Percent Change: -0.17%
United Parcel Service (UPS) lifted its full-year revenue outlook on Tuesday after delivering second-quarter results above Wall Street's estimates, although the company expects domestic revenue in the ongoing period to be flat reflecting the impact of gliding down its operations with Amazon.com (AMZN).The package delivery giant now anticipates revenue of about $91.2 billion for 2026, up from its previous projection of $89.7 billion. The current consensus on FactSet is for $90.43 billion. Adjusted earnings are pegged at roughly $7.22 per share for the current year, compared with the Street's view for $7.10."Given our strong first half results, which exceeded our expectations, we are increasing our full-year 2026 outlook," Chief Financial Officer Brian Dykes said during an earnings call, according to a FactSet transcript.For the third quarter, UPS expects revenue in its US domestic segment to be flat on an annual basis, reflecting a "seasonal decline, as well as the impact of this year's Amazon glide down," according to Dykes. The division's average daily volume is forecast to decline by mid-single-digits, the CFO added. In the previous quarter, the business saw a 6% increase in revenue to $14.93 billion.In January, UPS announced plans to slash its workforce by up to 30,000 positions related to a planned reduction in Amazon's deliveries in its network. The glide down and related network reconfiguration efforts also included the reduction of about 80% of UPS drivers through voluntary buyouts in the second quarter, Dykes said on the Tuesday call."We are seeing significant value from these efforts as well as from our broader network reconfiguration and efficiency reimagined initiatives," according to Dykes. "As a result, we still expect to deliver approximately $3 billion in related benefits in 2026."Shares of the parcel delivery company dropped 4% in Tuesday trade, although the stock has gained about 9% so far this year.UPS reported adjusted EPS of $1.76 for the quarter ended June, up from $1.55 the year before, topping the average analyst estimate of $1.66. Revenue improved 7.6% to $22.83 billion, surpassing the Street's view for $21.86 billion."Our second-quarter results marked an expected and significant shift in our performance and we delivered both consolidated revenue and non-GAAP adjusted operating profit growth," Chief Executive Carol Tome said in the earnings release.Revenue in the international segment advanced 13% to $5.04 billion, while supply chain solutions grew 7.8% to $2.86 billion.Last month, rival FedEx (FDX) issued a downbeat calendar-year earnings outlook for 2026, even though it recorded an unexpected annual increase in its fiscal fourth-quarter bottom line.Price: $107.35, Change: $-5.60, Percent Change: -4.96%
PayPal (PYPL) will offer installment payments for up to 48 months for eligible Amazon.com (AMZN) customers in Germany and Austria beginning in August, the companies said Tuesday.PayPal Ratenzahlung enables customers to split purchases of 30 euros ($34.14) to 10,000 euros into fixed monthly installments over three to 24 months with exclusive 36- and 48-month options for Amazon customers.The installment service will be integrated into Amazon.de's checkout process and rolled out to eligible customers over the coming weeks.PayPal shares rose 3.1% in Tuesday trading, and Amazon fell 1.2%.Price: $57.78, Change: $+1.71, Percent Change: +3.05%
Street Color: PayPal, Amazon Introducing Buy Now, Pay Later in Austria, Germany
Icon (ICLR) said Tuesday it has formed a multi-year partnership with Amazon.com-backed (AMZN) Anthropic to add the Claude artificial intelligence platform into its clinical trial software.The medical research firm will use the technology to help choose trial sites, monitor patient enrollment risks, and improve study designs, the company said.Financial terms of the collaboration were not disclosed.Icon shares were up by more than 9% in early Tuesday trading.Price: $177.17, Change: $+8.38, Percent Change: +4.97%
(Updates with market moves at the end of the day.)US stocks ended mixed in what turned out to be a choppy session on Monday as oil prices tumbled, with investors awaiting the Federal Reserve's monetary policy decision and major earnings releases.The Dow Jones Industrial Average rose 0.5% to 52,210.08, while the Nasdaq Composite edged down 0.2% to 24,932.08. The S&P 500 settled just above the flatline at 7,413.18. Most sectors were in the green, led by consumer staples, while energy saw the steepest decline.West Texas Intermediate crude oil was down 8% at $82.19 a barrel in Monday late-afternoon trade, while Brent slumped 9.2% to $87.90.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.1 basis points to 4.35%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities expects three dissents as a base case, but said it won't be surprised to see two more pushing for a rate hike.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5%, the worst performer on the Dow, while SK Hynix slumped 7.5%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash. TransDigm shares advanced 4%.Gold edged up 0.3% to $4,083.90 per troy ounce, while silver lost 0.2% to $58.80 per ounce.
Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) shedding 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.8%. The Philadelphia Semiconductor index fell 2.1%.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday. Nvidia shares were down 4.8%.ASML (ASML) shares fell 5.6% after The Information reported that a Chinese state-backed company has started making some chipmaking equipment that could impact ASML's market position.Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space. Amazon shares eased 0.1%.Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with Andover to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims. Cognizant shares rose 4.5%.
(Updates with latest market prices and developments.)US stocks were mixed intraday amid a sharp pullback in oil prices, as traders prepared for the Federal Reserve's policy decision and mega-cap earnings reports later in the week.The Nasdaq Composite was down 0.6% at 24,834.6 after midday Monday, while the S&P 500 fell 0.3% to 7,390.2. The Dow Jones Industrial Average rose 0.2% to 52,031.4. Among sectors, communication services paced the gainers, while technology saw the steepest decline.West Texas Intermediate crude oil dropped 7.5% to $82.61 a barrel, while Brent slumped 8% to $89.09.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.The US military struck Iran for the 13th straight night on Thursday, with Iran launching its retaliatory attacks across Gulf states. There hasn't been an announcement on fresh US strikes since then.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower intraday, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.3 basis points to 4.32%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool."In our view, in the event of a rate hold there are likely to be dissents with the number hinging on the extent to which the statement language shifts in a hawkish direction," Macquarie said Monday in a report.While the firm expects no change to the federal funds rate this week, it continues to project a hike, most likely in December.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5.2% intraday, the worst performer on the Dow, while SK Hynix slumped 9.6%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for approximately $1.07 billion in cash. TransDigm shares rose 3.4% intraday.Gold edged up 0.2% $4,077.40 per troy ounce, while silver lost 0.2% to $58.77 per ounce.
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index slumped 4.3%.In sector news, DeepSeek has suspended its second fundraising round after informing some prospective investors that investment agreements would not be signed as expected, Bloomberg reported Saturday. The pause followed viral online posts widely attributed to founder Liang Wenfeng about US-China AI competition.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday. Nvidia shares were down 5.4%.ASML (ASML) shares fell nearly 7% after The Information reported that a Chinese state-backed company has started manufacturing some chipmaking equipment that could impact ASML's market position.Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space. Amazon shares eased 0.2%.
S&P 500 companies' second-quarter earnings growth reached 70%, driven by the information technology sector, where profits nearly tripled year on year, Oppenheimer Asset Management said in a report Monday.A total of 133 companies, or 27% of the index constituents, have reported second-quarter results, with profit growth accelerating to 70% year over year from about 52% up until a week ago. Revenue growth slowed to 12.6% from 16%, according to the report.Tech earnings soared 190% annually, followed by communications services companies, which reported 168% profit growth. Technology also had the highest annual revenue increase of 45% among 11 sectors, with financials showing a 17% jump.Prior to the start of the second-quarter reporting season, FactSet-polled consensus estimates projected S&P 500 earnings growth of nearly 24% year over year, Oppenheimer said.Another 169 S&P 500 companies are scheduled to report results this week, including four of the so-called Magnificent 7 companies Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN).ExxonMobil (XOM), Visa (V), Mastercard (MA), AbbVie (ABBV), Chevron (CVX), Coca-Cola (KO) and Procter & Gamble (PG) also report this week."Looking at current valuations and the current earnings season, more factors appear to be getting better than getting worse," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Oil prices slid Monday as President Donald Trump said the US and Iran were in talks. However, crude has rallied this month due to the apparent collapse of a preliminary US-Iran peace deal.Escalated tensions between the two nations sent the 10-year Treasury yield to 4.68% last week, the highest level since January 2025, Stoltzfus said.Price: $391.06, Change: $+9.36, Percent Change: +2.45%
Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space.The network would provide voice, data, messaging, and emergency services in areas without cell coverage with satellite deployment beginning in 2028, Amazon said Monday in a statement.The satellites will link directly to mobile devices using designated radio frequencies, while separate high-capacity links will connect the satellites to Amazon's ground stations.Amazon Leo said the system will operate alongside its existing broadband satellites, and Globalstar's (GSAT) HIBLEO and C-3 constellations.Price: $231.55, Change: $-0.56, Percent Change: -0.24%
US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.
The benchmark US stock measures were pointing higher before the opening bell Monday after the US and Iran halted strikes over the weekend, while traders gear up for a busy week that includes a major policy decision by the Federal Reserve, a key inflation report and earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.8% each in premarket activity, while the Nasdaq increased 1.4%. The S&P 500 and the Dow finished Friday's trading session in the green, while the Nasdaq closed lower.After 13 consecutive nights of strikes against Iran, no US attacks against Tehran were officially announced over the weekend. Iran said it will also halt its attacks as long as the US does the same, a senior Iranian official told Reuters on Sunday.West Texas Intermediate crude oil dropped 6.4% to $83.56 a barrel before the open, while Brent fell 8% to $89.06.The US ambassador to the United Nations Mike Waltz reportedly told Fox News on Sunday that President Donald Trump has paused strikes against Iran to give talks "some space."Iranian Foreign Ministry spokesman Esmail Baghaei said technical talks with Oman on the Strait of Hormuz continued over the weekend, CNBC reported.Meanwhile, Iran summoned Ukraine's charge d'affaires in Tehran on Sunday over an attack on an Iranian commercial vessel in the Caspian Sea, calling it a "hostile and criminal act," according to a separate CNBC report.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due the following day. The probability the central bank will leave its benchmark lending rate unchanged currently stands at 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Traders also await the personal income and outlays report for June later in the week. The report includes the personal consumption expenditure core price index, the Fed's preferred inflation metric.Treasury yields were down in premarket action, with the two-year rate retreating 2.6 basis points to 4.31% and the 10-year rate off 3.8 basis points to 5.12%.Monday's economic calendar has the durable goods orders report for last month at 8:30 am ET, followed by the Dallas Fed manufacturing survey for July at 10:30 am.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).Shares of Forte Biosciences (FBRX) jumped 39% pre-bell after it agreed to be acquired by Belgian-Dutch immunology firm argenx (ARGX) in a deal worth roughly $2.2 billion. AstraZeneca's (AZN) US-listed stock gained 1.4% after the company reported its latest quarterly results.Gold inclined 0.7% to $4,098 per troy ounce, while bitcoin advanced 1.1% to $65,350.
US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.4% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.5% at $85.74 per barrel and US West Texas Intermediate crude 6.8% lower at $83.23 per barrel.The June durable goods orders report is expected to show a 1.8% increase after a decline of 4.5% in the prior month, according to estimates compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.
US equity investors will focus on big-tech earnings, inflation, and the Federal Reserve policy meeting this week amid a pause in Middle East hostilities.* Four Magnificent-7 giants will be key among quarterly results due this week. Results from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon.com (AMZN) will be closely monitored as investors look for more evidence justifying AI-related capital expenditure reportedly exceeding $800 billion this year. Alphabet (GOOG, GOOGL) and Tesla's (TSLA) shares slumped last week after the duo announced negative free cash flows.* Over a quarter of S&P 500 constituents have reported Q2 financial results through Friday, according to a Sunday note from DA Davidson. Earnings have increased by almost 69% year-over-year, ahead of the consensus of more than 23% as of June 30. "Most of this outperformance is being skewed by a handful of semiconductor stocks that have reported large Y/Y figures, as well as GOOGL, which reported huge growth driven primarily from investment gains in SpaceX and Anthropic," per the note.* In addition to the Fed's July policy meeting and Chair Kevin Warsh's press conference, investors will focus on macroeconomic data due this week, including the personal consumption expenditures price index, or PCE, the advance read on Q2 gross domestic product, durable goods orders, and the University of Michigan's consumer sentiment and inflation expectation prints.* US and Iran strikes have paused after nearly two weeks of nightly bombing by the American military and Iranian attacks on US allies, CNN reported Monday. Mike Waltz, the US ambassador to the United Nations, said in interviews Sunday that President Donald Trump is giving talks "some space" to develop after diplomatic efforts ramped up over the past few days.
Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.3%.The Philadelphia Semiconductor index shed 2.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 1.4%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were down 1%.Amkor Technology (AMKR) shares fell 0.5%. The company said late Thursday it has launched a multiyear partnership with Nvidia (NVDA) to develop semiconductor packaging and test technologies for AI and accelerated computing platforms.
President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google."The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.The companies didn't immediately reply to a request for comment from.Price: $332.47, Change: $+10.81, Percent Change: +3.36%
Amazon-backed (AMZN) Anthropic on Friday released Claude Opus 5, which it said is the new default model on Claude Max and the strongest model on Claude Pro.Claude Opus 5 approaches the frontier intelligence of Claude Fable 5 at half the price, the company said.Price: $233.34, Change: $-0.32, Percent Change: -0.14%
Trump Administration Opening 301 Probe Into EU Treatment of US Tech Companies
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