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Alphabet (GOOG) (GOOGL) raises $80B for AI investments, including $10B from Berkshire Hathaway (BRK.A) (BRK.B). (00:14) When is Amazon (AMZN) Prime Day 2026? Dates, deals, and early discounts. (01:16) Citron Research founder Andrew Left found guilty of securities fraud. (01:57)
This is an abridged transcript.
Alphabet (GOOG) (GOOGL) plans to raise $80B in equity offerings, including a $10B investment deal with Berkshire Hathaway (BRK.A) (BRK.B).
The Berkshire Hathaway deal is a private placement, comprised of $5B in class A common stock at a price of $351.81 per share and $5B in class C capital stock at a price of $348.20 per share.
The effort also includes $30 billion in underwritten public offerings and a $40 billion at-the-market, or ATM, sale, Alphabet said in a statement Monday.
“AI is driving an expansionary moment for Alphabet. The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply. By scaling its investments, the company seeks to expand its foundational infrastructure to support the significant growth opportunity ahead,” read a statement from Alphabet (GOOG) (GOOGL).
Amazon’s (AMZN) annual Prime Day event returns June 23-26.
Amazon is already offering early discounts and limited-time promotions, including a sweepstakes that gives shoppers a chance to win free groceries for a year.
Since its debut in 2015, Prime Day has evolved from a one-day promotion into one of the retail industry’s biggest shopping events, rivaling Black Friday.
Amazon’s Prime Day is likely to be closely watched by investors as a barometer of consumer demand, with retailers such as Walmart (WMT), Target (TGT), Best Buy (BBY), and Costco (COST) also competing for summer shopping dollars.
A U.S. jury on Monday found prominent investor Andrew Left, who runs Citron Research, guilty of securities fraud.
Authorities charged Left in July 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions in multiple companies’, including Nvidia (NVDA) and Tesla (TSLA), making at least $20M in the process. Left denied the allegations and pleaded not guilty.
After two days of deliberations, however, the jury found him guilty of engaging in a securities fraud scheme and 12 of 16 other counts related to specific trades. Left will be sentenced on August 31.
The Citron Research founder now faces a statutory maximum sentence of 25 years in federal prison for one count of a securities fraud scheme and up to 20 years in federal prison for each count of securities fraud.
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The Microsoft Build event will begin in San Francisco. The flagship developer showcase will kick off with a keynote from Microsoft (MSFT) CEO Satya Nadella.
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The two-day Deutsche Bank Basic Materials Conference will begin. The conference will include a long list of presentations from senior executives across chemicals, mining, industrials, and related basic materials companies.
The biggest movers for the day premarket: Hewlett Packard Enterprise (HPE) +27% – Shares jumped after reporting a strong Q2 beat and dramatically raising guidance.
Economic calendar:
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