00:00All right, now let's take a look at the U.S. market heat map, which provides a visual snapshot of
00:04the S&P 500 stocks across different sectors and industries.
00:07So on this map, the size of each box represents the company's market capitalization, meaning the larger the box, the
00:13bigger its market capitalization.
00:14And the stocks are grouped by sectors, giving investors a quick overview of market sentiment and helps identify which sectors
00:21and companies are actually leading the market and which ones are under pressure.
00:25So green means gains and trading higher, whereas red indicates losses and trading lower.
00:30So I'm going to start with Google first. As you can see, this is Google under communication services.
00:36It shows somewhat of a red color. So it was down by 0.40% and now standing at stood
00:42at 340.65.
00:45So similarly, Meta also was down by 0.88% and now stood at 571.10.
00:52So the latest update for Google, Google has agreed to settle a mass London lawsuit brought on behalf of app
00:59developers for $260 million, according to a deal published on Thursday.
01:04And the claim, which was previously valued at just over £1 billion,
01:08sucked compensation on behalf of developers who sold apps on Google's Play Store in the United Kingdom.
01:14And lawyers for academic Barry Roger, who led the case, alleged Google had abused its dominant position to prevent developers
01:21from distributing apps by alternative means and by charging an unfair commission, usually by 30%.
01:27And the case was due to go for trial next month at London's Competition Appeal Tribunal, CAT, making it the
01:34force such as a case against a major tech company since the start of 2025 after similar lawsuits against Apple,
01:41Qualcomm and Sony.
01:42So but on Thursday, Roger said he had reached a proposed settlement with Google, subject to the CAT's approval, under
01:48which Google made no admission of liability or wrongdoing.
01:52And Roger said in a statement that the settlement wants a great outcome for app developers, adding,
01:57if approved, meaningful financial compensation will become available for businesses that could never have taken on a company like Google
02:04alone.
02:05So that's the update for Google.
02:07Meanwhile, for Meta, like I mentioned earlier, it was down by this significant number.
02:12But Meta platforms enlarged or emerged from its biggest legal challenge in the U.S. with its core business intact.
02:19And the social media giant agreed on Wednesday to pay as much as $18 billion over a decade
02:25and limit how teenagers use Facebook and Instagram under a sweeping agreement with nearly all U.S. states to resolve
02:32claims that it designed those platforms to addict children.
02:35And Meta denied wrongdoing in agreeing to settle.
02:38While the headline figure is among the largest ever settlements paid by a technology company,
02:43it is unlikely to strain a business that earned more than $60 billion last year.
02:48And the settlement left untouched the personalized feeds and ad targeting that underpain its profits.
02:54So instead, the settlement removes a significant regulatory hurdle that has weighed on Meta's stock
02:59and allows the company to avoid a potentially lengthy trial that could have exposed more internal documents
03:05about its treatment of young users, according to over a dozen analysts and legal experts.
03:11And it also sent Meta's shares about 1% higher, suggesting investors welcomed an outcome
03:16that will cost the company far less than the $1.4 trillion in penalties it said the states were seeking
03:22before trial.
03:23So that's the latest update for Meta.
03:26Moving on to NVIDIA.
03:28So here shows the green color.
03:30So it was increased or up by 8.74% and standing at the level of 227.98% and
03:37that's under technology semiconductors.
03:40So NVIDIA has forced some deals in a new financing initiative that offered credit support to AI cloud companies
03:46in exchange for a share of revenue, the Wall Street Journal reported on Thursday.
03:51And some NVIDIA employees expressed concerns to current and potential customers
03:56that the initiative could draw antitrust scrutiny, the report said.
04:00And the cheap giant stepped back from the program last week, the journal said,
04:04adding that the company could still revamp the initiative or fold it into another program.
04:08The reported move comes less than two months after NVIDIA announced the program
04:13and the company introduced it as a new business model designed to support financing needs
04:18at AI cloud firms so that they can purchase its expensive chips.
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