News Highlights: Top Company News of the Day - Tuesday at 7 AM ET

Apple Loses Court Battle Over $14 Billion Irish Tax Bill 
 

Apple and Alphabet's Google lost attempts to overturn multibillion-dollar rulings in the EU, as authorities there continued efforts to rein in alleged abuses by big tech companies.

 
Oracle's Missteps in Cloud Computing Are Paying Dividends in AI 
 

The long-stagnant stock is up 34% thanks to the company's neutral status in the booming market for AI computing power.

 
Alibaba Shares Rise on Hopes for Higher Demand From Mainland Investors 
 

The Chinese e-commerce giant's shares surged in Hong Kong on expectations that easier access for mainland Chinese investors may boost demand.

 
WuXi Companies Say They're Not a Security Risk as U.S. House Passes Draft of Biosecure Act 
 

The U.S. House of Representatives took another step to curb Chinese companies' U.S. operations by passing a draft of the Biosecure Act.

 
AngloGold Ashanti to Buy Centamin for $2.5 Billion 
 

AngloGold Ashanti has agreed to buy smaller peer Centamin in a deal valuing it at $2.5 billion as the U.S.-listed global miner seeks to boost its portfolio by adding one of the world's largest producing gold mines amid surging prices for the precious metal.

 
Under Armour Doubles Expected Restructuring Costs, Cuts Outlook 
 

The latest restructuring measures will lead to pre-tax charges of $140 million to $160 million for the fiscal years ending in March 2025 and 2026, the sportswear maker said.

 
Goldman CEO Solomon Expects Trading Revenue Drop in Third Quarter 
 

Solomon blamed the decline on a challenging macroeconomic backdrop, especially during August.

 
Apple Unveils an AI iPhone 
 

The company, which has faced slumping sales in its signature product, released the iPhone 16, with an upgraded Siri, AI text editing and photo-recognition tools.

 
Palantir Stock Jumps on S&P 500 Addition. Here's Who Else Was Added. 
 

They replace American Airlines and Etsy.

 
Don't Count the Mag 7 Out. And Another Market Tidbit That Might Make Your Day. 
 

Lumpiness could be the new norm for the tech sector, but it doesn't pay to bet against tech for the long term.

(END) Dow Jones Newswires

September 10, 2024 07:15 ET (11:15 GMT)

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