Google urges CRTC to use restraint with Online Streaming Act
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Top Stock Reports for Alphabet, AbbVie & Walt Disney
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), AbbVie Inc. (ABBV) and The Walt Disney Co. (DIS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today's research reports here >>> Ahead of Wall Street The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning. You can read today's AWS here >>> Plenty of Data to Start 2nd Half of 2025 Today's Featured Research Reports Shares of Alphabet have underperformed the Zacks Internet - Services industry over the year-to-date period (-7.7% vs. -4.4%). The company's increasing litigation issues are a concern. Intensifying competition from Microsoft and Amazon in cloud computing is a headwind. Nevertheless, Alphabet is riding on strong cloud and search growth. Google Cloud is benefiting from accelerated growth across AI infrastructure, enterprise AI platform Vertex and strong adoption of Generative AI solutions. The company expects capital expenditures in 2025 to be relatively higher than in 2024, aimed at building technical infrastructure, primarily for servers, followed by data centers and networking. Alphabet's dominant position in the search engine market is a strong growth driver. In first-quarter 2025, GOOGL saw continued double-digit revenue growth in Search. Alphabet surpassed 270 million paid subscriptions with YouTube and Google One as key drivers. (You can read the full research report on Alphabet here >>>) AbbVie's shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (+6.2% vs. -0.6%). The company has successfully navigated Humira's loss of exclusivity (LOE) by launching two other successful new immunology medicines, Skyrizi and Rinvoq, which are performing extremely well -- bolstered by approvals in new indications and should support top-line growth in the next few years. AbbVie has several early/mid-stage candidates that have the potential to drive long-term growth. It expects to return to robust revenue growth in 2025, which is just the second year following the U.S. Humira LOE. AbbVie has been on an acquisition spree, mainly in its core space of immunology. However, the company faces several near-term headwinds like Humira LOE impact, increasing competitive pressure on Imbruvica and slowing sales of its aesthetics franchise. (You can read the full research report on AbbVie here >>>) Shares of Walt Disney have gained +11.5% over the year-to-date period against the Zacks Media Conglomerates industry's gain of +14.7%. The company is benefiting from strength in Domestic Parks & Experiences revenues driven by growth at domestic parks, Disney Vacation Club and Disney Cruise Line, partially offset by decline at international locations including Shanghai Disney Resort and Hong Kong Disneyland Resort. In Entertainment, DIS expects double-digit segment operating income growth in fiscal 2025. The Zacks analyst expects fiscal 2025 net sales to increase 3.7% from fiscal 2024. However, Disney+'s profitability is expected to be hurt by higher investments in content, which will also increase programming and production costs in the Entertainment segment. For fiscal Q3, Disney expects a modest increase in its Disney+ subscriber base on a sequential basis. Disney's declining ad revenues is an overhang. The company's leveraged balance sheet remains a concern. (You can read the full research report on Walt Disney here >>>) Other noteworthy reports we are featuring today include Humana Inc. (HUM), Essex Property Trust, Inc. (ESS) and BJ's Wholesale Club Holdings, Inc. (BJ). Mark Vickery Senor Editor Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Alphabet (GOOGL) Benefits From Cloud & Search Initiatives AbbVie's (ABBV) Skyrizi, Rinvoq Key to Top-Line Growth Disney (DIS) Banks on Disney+, Theme Parks Business Growth Featured Reports Renter Unit Demand Aids Essex Property (ESS) Amid High Debt Per the Zacks Analyst, ESS is likely to gain from a sturdy property base in the West Coast market with favorable demand drivers and technology initiatives. Yet, a high debt burden is a concern. Digitization Holds Key to BJ's Wholesale (BJ) Sales Growth Per the Zacks analyst, BJ's Wholesale Club has been investing in enhancing digital capabilities to better engage with members. Digitally-enabled sales rose 35% in the first quarter of fiscal 2025. Robust Public Spending Aids AECOM (ACM), Macro Risks Hurt Per the Zacks analyst, AECOM is gaining from robust public infrastructure spending and its focus on high-margin markets. However, ongoing macro risks and lingering inflation restrict growth. HealthEquity (HQY) Gains on HSA Growth Amid Macro Challenges Per the Zacks Analyst, HealthEquity's HSA-driven momentum and strong solvency position support its growth, though regulatory hurdles, competition, and data security concerns remain key risks. InterDigital (IDCC) Rides on Healthy Demand, Portfolio Strength Per the Zacks analyst, strong licensing momentum in the smartphone business will likely drive InterDigital's top line. A strong focus on innovation is a positive. Rising Loans & Deposits Aid Flagstar (FLG), High Costs Ail Per the Zacks analyst, Flagstar's strong balance sheet position, driven by rising loans and deposits balances, will likely support its financials. Yet, escalating costs remain a concern. Northern Oil and Gas (NOG) Benefits from Non-Operated Model The Zacks analyst notes that Northern Oil and Gas' non-operated business model allows it to optimize investments ensuring efficient capital deployment, but oil price volatility remains a key risk. New Upgrades Humana (HUM) Rides on Solid Medicare Business, Balance Sheet Per the Zacks analyst, Humana's Medicare Advantage business remains a driving factor for its top line. Also, its strong balance sheet enables business investments that drive long-term growth. Verona Pharma's Ohtuvayre Launch Powers Breakout Growth Per the Zacks analyst, VRNA's differentiated COPD drug, Ohtuvayre, is expected to drive significant growth for the company in the upcoming quarters. Clean Assets, North America Focus Aid Clearway Energy (CWEN) Per the Zacks analyst Clearway Energy is expected to gain from its expanding modern clean renewable projects and focus on North America, saves it from currency fluctuation and sovereign risks. New Downgrades Schneider (SNDR) is Hurt by Lower Brokerage Revenues & Volumes The Zacks Analyst is worried about the fact that lower Network volumes and lower brokerage revenue per order hurt Schneider's top line. Raw Material Shortage & Logistics Concerns Ail Ashland (ASH) Per the Zacks Analyst, supply-demand issues in the intermediates market, rising freight costs, and raw material shortages will continue to weigh on the company's results.t Avnet (AVT) Hurt by Declining Demand, High Inventory Levels Per the Zacks analyst, softened demand in a tight IT spending environment, along with high inventory levels at customers, is likely to hurt Avnet's financial performance in the near term. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> The Walt Disney Company (DIS): Free Stock Analysis Report AbbVie Inc. (ABBV): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report
Canada News.Net
12 hours ago
- Canada News.Net
German regulator urges DeepSeek app takedown on privacy grounds
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure mounts across Europe and the United States over how the company handles personal information. This week, German data protection commissioner Meike Kamp formally asked Apple and Google to remove DeepSeek's app from their respective app stores in the country. The reason: concerns that user data is being transferred to China without adequate safeguards. "DeepSeek has not been able to provide my agency with convincing evidence that German users' data is protected in China to a level equivalent to that in the European Union," Kamp said in a statement. "Chinese authorities have far-reaching access rights to personal data within the sphere of influence of Chinese companies." Kamp said she had asked the company in May to comply with EU data transfer requirements or withdraw its app voluntarily. Since DeepSeek failed to act, her office moved forward with the request to block it. Google confirmed it had received the notice and was reviewing the request. Apple did not immediately respond. DeepSeek also declined to comment. According to its own privacy policy, DeepSeek stores users' personal data — including uploaded files and AI interactions — on servers located in China. DeepSeek made headlines earlier this year with claims that its AI model could rival tools like ChatGPT at a significantly lower cost. However, the company has since come under scrutiny across multiple jurisdictions. Italy was the first EU country to block DeepSeek's app, citing insufficient transparency around data handling. The Netherlands banned it on government devices. Belgium has issued an advisory against its use by officials, while Spain's consumer group OCU has asked its national data agency to investigate. In the UK, the government has taken a hands-off approach so far. A spokesperson for the technology ministry said, "The use of DeepSeek remains a personal choice for members of the public," but added, "If evidence of threats arises, we will not hesitate to take the appropriate steps to protect our national security." In the U.S., lawmakers are preparing legislation to ban executive agencies from using any Chinese-developed AI tools. Meanwhile, Reuters reported this week that DeepSeek is also supporting China's military and intelligence activities, raising further alarms in Western capitals.
Calgary Herald
a day ago
- Calgary Herald
Tasha Kheiriddin: Carney will have no choice but to kill supply management
Article content For a while there, things were going so well. Prime Minister Mark Carney — aka 'the Trump whisperer' — had morphed from critic to texting buddy of the U.S. President. Over the past three months, Carney had been chatting with Donald Trump, building backchannel goodwill. After the successful G7 summit in Kananaskis, Alta., hopes were high that Ottawa would strike a deal with Washington in 30 days, and that the rhetoric of making us the '51st state' had finally been retired. Article content Article content Until last Friday, when everything fell apart. Article content Article content Article content That's when President Trump abruptly cut off trade negotiations with Canada over our three per cent digital services tax, set to take effect June 30. Aimed at U.S. tech giants Amazon, Meta, Google and AirBNB, the tax was retroactive to 2022 and would have cost them an estimated $2 billion in back payments. The tech bros howled, the president barked, and Carney blinked. Sunday night, he backed down and cancelled the tax: Monday morning, U.S. Commerce Secretary Howard Lutnick thanked him for the climbdown, as did the Canadian Chamber of Commerce. Negotiations were back on. Article content But if you thought that was the last bump in the road, you couldn't be more wrong. In an interview broadcast Sunday morning on Fox, Trump mentioned a veritable mountain: supply management. That's the system that protects Canadian dairy, poultry and egg industries from foreign competition through quotas and tariffs, including Trump's favourite bugaboo, a 200-plus per cent markup on U.S. dairy products. Article content Article content It's true that the tariff only kicks in after the U.S. exports 50,000 zero-tariff metric tons of milk and 12,500 metric tons of cheese per year — levels it is nowhere near approaching. But supply management was already a sticking point with Trump in the CUSMA negotiations under Prime Minister Justin Trudeau, and Republican lawmakers and U.S. dairy producers continue to demand its elimination. Article content Article content In our country, unfortunately, it has become a hill on which political careers go to die. Case in point: People's Party Leader Maxime Bernier, whose ambition to lead the Conservative party in 2017 was thwarted by the Quebec dairy lobby after he promised to ditch the policy. And the sacred cow lives on: in June, the House of Commons and Senate passed a Bloc Québécois bill with all-party support to prevent bargaining supply management away. Article content Carney knows that he owes his recent election victory in large part to Quebec voters — and with a minority, needs the support of opposition parties like the Bloc to stay in power. But if Canada wants a serious trade deal with a Trump White House, supply management will have to go. Not just for the sake of negotiations, but because it's a cartel policy that has had its day.
