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Google, a subsidiary of Alphabet, is implementing layoffs for an undisclosed number of employees. The company spokesperson mentioned that these layoffs are not across the entire company, and affected employees can apply for other internal positions. The specific number of impacted employees and the teams affected were not disclosed.

Since early 2010s, investors worried about Alphabet's margins unnecessarily. Rivian stock, despite a 60% decline, offers potential due to lower valuation and strategic improvements. Analysts upgraded Rivian from 'Sell' to 'Neutral', citing balanced risk/reward ratio. Short interest may drive a near-term reversal, while positive developments could further boost the stock.

Amazon is expanding its Dash Carts in various stores while reducing reliance on cashierless checkout. Despite layoffs in related services, Amazon plans to implement its cashierless shopping tech in third-party stores, emphasizing it will continue developing its Just Walk Out technology amid competition for grocery tech dominance.

New guidance from the EU data protection body challenges Meta's surveillance ad model: Users cannot be forced to choose between paying or consenting, impacting platforms like Facebook and Instagram.

Just Eat Takeaway.com faced a decline in orders and gross transaction value in the first quarter of 2024, leading to a 5% drop in shares. Despite challenges, the company showed market share gains in the UK&I, outperforming industry growth.

Shares of J.B. Hunt Transport Services Inc. plunged after reporting lower profit and revenue due to weakened demand. Analyst Ken Hoexter from Bank of America highlighted challenges in the transportation sector, with JBHT's earnings falling below expectations following softer demand, leading to a significant stock decline.

Future Pak LLC has made multiple offers to acquire Vanda Pharmaceuticals Inc., with the latest proposal suggesting a cash buyout at a premium of 79.0% to 91.4% of Vanda's closing price. However, Vanda's board has rejected these offers, deeming them undervalued.

XPENG and Volkswagen collaborate to develop cutting-edge E/E Architecture for Volkswagen's EV platform in China, enhancing the affordability of electric vehicles. The partnership is set to equip Volkswagen brand electric vehicles in China from 2026, potentially impacting both company's market positions positively.

Tesla is urging shareholders to vote on ratifying Elon Musk's $56 billion compensation package after a Delaware judge voided it earlier this year. The vote also includes a proposal to move the company's state of incorporation to Texas.

Eli Lilly's weight loss drug, tirzepatide, successfully reduced sleep apnea severity in adults with obesity in two phase 3 clinical trials. The company plans to present the positive trial data at a medical conference and seeks regulatory approvals based on these promising results.