Apple Faces €14.4 Billion Tax Bill
The European Court of Justice has ordered Apple (AAPL) to pay €13 billion ($14.4 billion) in back taxes to Ireland, ruling that the company benefited from unfair tax breaks. This decision overturns a previous ruling and has led to a 1% drop in Apple’s premarket stock price.
Google’s €2.7 Billion Fine Upheld
The court upheld a €2.4 billion ($2.7 billion) antitrust fine against Alphabet’s (GOOGL) Google for abusing its market position. The fine was imposed for favoring its own shopping services over competitors’. Google’s stock remains stable in premarket trading.
Oracle’s Stock Soars
Oracle (ORCL) shares surged 8% in premarket trading following a strong fiscal Q1 report and a new partnership with Amazon's (AMZN) AWS. The company’s stock has risen over 30% this year, driven by increased demand for its cloud services.
GameStop Expected to Report Losses
GameStop (GME) is anticipated to report a wider loss and declining revenue in its second-quarter results, with a 23% drop in comparable store sales. The company's stock shows little movement in premarket trading.
AstraZeneca’s Drug Trial Falls Short
AstraZeneca (AZN) shares are down after its lung cancer drug did not significantly improve patient survival rates in a Phase 3 trial. The results failed to meet statistical significance, impacting the company's stock performance.
The European Court of Justice has ordered Apple (AAPL) to pay €13 billion ($14.4 billion) in back taxes to Ireland, ruling that the company benefited from unfair tax breaks. This decision overturns a previous ruling and has led to a 1% drop in Apple’s premarket stock price.
Google’s €2.7 Billion Fine Upheld
The court upheld a €2.4 billion ($2.7 billion) antitrust fine against Alphabet’s (GOOGL) Google for abusing its market position. The fine was imposed for favoring its own shopping services over competitors’. Google’s stock remains stable in premarket trading.
Oracle’s Stock Soars
Oracle (ORCL) shares surged 8% in premarket trading following a strong fiscal Q1 report and a new partnership with Amazon's (AMZN) AWS. The company’s stock has risen over 30% this year, driven by increased demand for its cloud services.
GameStop Expected to Report Losses
GameStop (GME) is anticipated to report a wider loss and declining revenue in its second-quarter results, with a 23% drop in comparable store sales. The company's stock shows little movement in premarket trading.
AstraZeneca’s Drug Trial Falls Short
AstraZeneca (AZN) shares are down after its lung cancer drug did not significantly improve patient survival rates in a Phase 3 trial. The results failed to meet statistical significance, impacting the company's stock performance.