Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Google Secures Pentagon AI Deal for Classified Projects 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal 
The European Union (EU) has filed antitrust charges against Amazon for feeding non-public seller data into its retail algorithms to help decide which new products to launch and the price of each new offer.
The non-public seller data involved include the sellers' revenues and the number of products ordered.
Such practices were prevalent in Germany and France, the company's biggest markets in the EU. Over 80 percent of online shoppers in Germany and more than 70 percent in France have purchased from Amazon in the last 12 months.
According to Margrethe Vestager, the European Commission's (EC) top antitrust official, such practices constitute illegal abuse of its dominance in online shopping.
Consequently, Amazon can marginalize third-party sellers and limit their growth.
Vestager added that Amazon distorts competition with its very specific business conduct.
Amazon disagreed with EC's assertions and vowed to make every effort to ensure the latter has an "accurate understanding of the facts."
While the EU believes that Amazon has breached EU antitrust rules based on preliminary findings, it wants to complete an investigation before imposing any penalties.
The probe could drag on for years and result in fines of up to 10 percent of its annual global sales, which is around $37 billion.
A second investigation is being into whether Amazon artificially favors its products or those of marketplace sellers who utilize the e-commerce giant's logistics and delivery services.
