Microsoft, Alphabet results raise hopes about Big Tech weathering slowdown

Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O) results sparked a relief rally on Wednesday in heavyweight technology and growth shares as investors expressed confidence in Big Tech’s ability to navigate a recession. High-growth and megacap companies have powered the U.S. stock market for the past decade, but rising interest rates to combat decades-high inflation as […]

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EU antitrust regulators likely to block Illumina, Grail dea

EU antitrust regulators are expected to veto U.S. life sciences firm Illumina’s (ILMN.O) acquisition of biotechnology company Grail (GRAL.O), people familiar with the matter said on Wednesday. There are doubts whether concessions offered by Illumina last week to address the European Commission’s concerns about the $8 billion cash-and-stock deal will boost competition, the people said. […]

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