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AAPL

GOOGL

MSFT

A recent ruling against Alphabet Inc (GOOGL) identified its search agreements with Apple Inc (AAPL) as monopolistic. JPMorgan analyst Samik Chatterjee outlines three options for Apple: waiting for Google's appeal, entering non-exclusive revenue-sharing agreements, or developing its own search engine. The ruling could significantly impact Apple's revenue from Google, which was $20 billion in 2022 and likely $24 billion in 2024. Alternatives like Microsoft's Bing or DuckDuckGo offer lower economic benefits.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 12:27 pm

IDXX

IDEXX Laboratories has updated its 2024 financial outlook, lowering its adjusted EPS guidance to $10.31-$10.59 from the prior $10.82-$11.20 and below the consensus of $11.06. The company also revised its revenue, growth, and operating margin expectations downward, citing ongoing litigation and customer contract resolution payments as negative impacts.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:36 am

AAPL

AMZN

GOOG

GOOGL

A U.S. federal judge ruled that Alphabet Inc.'s Google has unlawfully maintained monopolies in search and text advertising markets, marking a significant win for the DOJ led by Jonathan Kanter. This ruling is part of broader antitrust actions against major tech firms including Apple and Amazon.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 10:35 am

CRWD

DAL

CrowdStrike Inc. (NASDAQ:CRWD) is facing a class action lawsuit due to a global computer outage that affected air travel, banks, hospitals, and emergency lines. The plaintiffs allege negligence in software testing and deployment, seeking compensatory and punitive damages. Delta Air Lines (NYSE:DAL) also plans to take legal action against CrowdStrike.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 6:20 am

GOOG

GOOGL

Senator Bernie Sanders stated that Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) might be worth $2 trillion, but it is not above the law, following a federal judge's ruling that the company's monopoly in the online search market is illegal. Sanders suggested breaking up the company to hold it accountable.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 1:46 am

GOOG

GOOGL

Alphabet shares are trading lower after a federal judge reportedly ruled against the company in an antitrust lawsuit related to its Search dominance.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 7:54 pm

AAPL

GOOG

GOOGL

A federal judge has ruled against Alphabet Inc (GOOG, GOOGL) in an antitrust lawsuit regarding its dominance in the search engine market. The ruling states that Alphabet's payments to make Google the default search engine on smartphones violate U.S. antitrust laws. This decision could have significant implications for Alphabet's business practices and revenue streams.

Portfolio Pulse from Adam Eckert

August 05, 2024 | 7:32 pm

GOOG

GOOGL

Google has lost a DOJ antitrust suit over its search practices, with a judge finding that the company violated antitrust laws.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:47 pm

DJT

SPY

The U.S. Supreme Court has declined to halt former President Donald Trump's sentencing and gag order in the New York hush money case until after the election.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:36 pm

TSLA

The National Highway Traffic Safety Administration (NHTSA) is investigating a crash and fire involving a Tesla Cybertruck in Texas. The agency is gathering additional information from Tesla regarding the incident.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:21 pm