AKAMAI SHARES DROP DESPITE BEATING Q2 ESTIMATES
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Akamai's stock declined following its second-quarter earnings report, even as the company exceeded analyst expectations. CEO Tom Leighton discussed the results and company developments on Bloomberg's "The Close."
■ MORE FROM THE BUSINESS DESK
The U.S. government has agreed to pay a German company $1.2 billion to halt its offshore wind projects. The deal resolves a dispute over the ventures.
Two proposed hyperscale datacenters in Arkansas are sparking rare bipartisan opposition from residents and activists. Critics argue the projects constitute 'redlining' by targeting rural, Black-owned land while straining local water and electricity resources.
Ukrainian military strikes on warehouses operated by Russia's largest e-commerce platform Wildberries are disrupting operations for tens of thousands of small businesses dependent on the platform.
Truth Social's parent company is refocusing on its media business and a $6 billion merger with TAE, pulling back from cryptocurrency partnerships while exploring a paid API for premium access to posts.