Hey there, dear reader! This is Daniel Silva, I hope you're having a great day in Texas! 🤠 Today, I want to bring you up to date on the latest happenings in the stock market. So, let's dive right in!
First up, we have Apple (AAPL). The tech giant is set to unveil its latest iPhone and updates to its other products at its annual hardware refresher today. Exciting times ahead for Apple enthusiasts! 🍎
Next, we have WestRock (WRK) and Smurfit Kappa (UK: SKG). These two companies have struck a deal to merge, creating a global powerhouse worth around $20 billion. WestRock's shares are up more than 7% in premarket trading, while Smurfit Kappa's London-listed shares have fallen more than 9%. 🤝
On the flip side, we have Oracle (ORCL). Unfortunately, the software giant's shares have fallen more than 9% premarket after reporting quarterly revenue that underwhelmed investors. Oracle also gave a lackluster sales outlook for the current quarter. 😔
Now, let's talk about Alphabet (GOOG). Google is facing a civil trial on allegations of violating antitrust laws. The search-engine operator is accused of using illegal agreements with partners, such as Apple, to maintain a monopoly. It'll be interesting to see how this trial unfolds. ⚖️
Shifting gears to the electric vehicle industry, we have Tesla (TSLA). The EV maker's stock edged lower in off-hours trading, following a 10% rally on Monday after an upgrade from Morgan Stanley. 🚗
Lastly, we have some exciting news for sports and entertainment fans. Walt Disney (DIS) and Charter Communications (CHTR) have struck a deal that restored popular channels, including ESPN, to the cable operator's nearly 15 million subscribers. 📺
That's all for now! I hope you found this update informative and exciting. Remember, the stock market is always full of surprises, so stay tuned for more updates. Have a fantastic day! 🌟
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