UK Watchdog Proposes Strategic Market Tag for Microsoft, Puts Excel and Copilot AI Under Competition Scrutiny
The U.K.'s competition regulator has proposed designating Microsoft as having a Strategic Market Status (SMS).
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The U.K.'s competition regulator has proposed designating Microsoft as having a Strategic Market Status (SMS).
U.S. Bancorp reported record Q3 2026 net revenue of $8 billion with expanding operating efficiency. The bank is diversifying fee income through capital markets expansion (targeting 10%+ of revenue), scaling high-yield deposits via strategic partnerships like the Amazon small business credit card ($1.7B in period-end loans), and rebuilding capital to resume stock buybacks. Net interest margin expanded to 2.84%, positioning the bank to benefit from higher reinvestment rates.
Oracle is positioned as an attractive cloud computing investment alternative to Alphabet and Microsoft, with its cloud infrastructure business growing 121% and a record $664 billion backlog. However, heavy data center spending has pushed free cash flow negative, raising questions about whether Oracle can convert its customer commitments into sufficient profits.
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Flam CEO Shourya Agarwal expects nearly every Hollywood studio to adopt interactive trailers, allowing viewers to engage in real time.
TSMC reported third-quarter revenue of $46.7 billion, up 16.2% sequentially and above the high end of its guidance as AI chip demand grows.ASML raised the lower end of its 2026 sales outlook after strong third-quarter results, as accelerating AI investment pushed customers to expand equipment plans.