GOOG Jul 2024 120.000 put
- Yahoo Finance Video
Alphabet stock hit with Rosenblatt downgrade
Rosenblatt Securities has downgraded Alphabet's (GOOG, GOOGL) stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision. Catalysts hosts Seana Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- The Guardian
Google’s biotech company pulls out of Israel but says Gaza war not the reason
Exclusive: Verily says it is refocusing on core products and cutting costs three years after opening research centers in Haifa and Tel Aviv
- Associated Press Finance
European Union's competition boss signals fresh AI scrutiny for Microsoft-OpenAI deal and Google
The European Union is escalating its scrutiny of the artificial intelligence industry, including taking a fresh look into Microsoft's multibillion-dollar partnership with OpenAI, a top EU official said Friday. The European Commission, the bloc's executive arm, started reviewing the deal last year to see whether it broke EU merger rules but dropped it after concluding Microsoft hadn't gained control of OpenAI, Margrethe Vestager, the commission’s executive vice-president for competition policy, said in a speech. “Microsoft has invested $13 billion in OpenAI over the years,” she said “But we have to make sure that partnerships like this do not become a disguise for one partner getting a controlling influence over the other.”
