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Google Business NewsAug 03, 2020
Trump administration examining options for unilateral action if no coronavirus deal is reached with Congress - The Washington Post
Trump administration examining options for unilateral action if no coronavirus deal is reached with Congress  The Washington PostStimulus talks: White House, Dems still agree on $1,200 checks but deadlocked on unemployment assistance  CNBCWhite House and Democrats to resume negotiations on coronavirus relief bill  CBS Evening NewsSadistic malpractice from Mitch McConnell will leave millions in need (cont.) | Editorial  NJ.com

MarketWatch MarketPulseAug 03, 2020
UPDATE: ADT shares soar 80% premarket on news of venture with Google to create smart home security product
Shares of residential and commercial security provider ADT Inc. soared 80% in the premarket trade Monday, after the company announced a new venture with Alphabet Inc.'s Google to create the next generation of smart home security offerings. The partnership will build on Google's Nest's hardware and services, which will be combined with ADT's installation, service and professional monitoring network. Google will invest $450 million to acquire a 6.6% stake in newly created Class B common stock of ADT, in a deal expected to close in the third quarter. Both companies are committing $150 million for co-marketing, product development, technology and employee training. ADT has more than 20,000 people who will work with Google's suite of home hardware, manufacturing technology and vertical technology stack, the companies said in a joint statement. ADT is expecting to start offering Google devices this year and to expand the integration in 2021. A conference call to discuss the partnership will be held at 8.30 a.m. ET. ADT shares have gained 8.6% in the year through Friday, while the S&P 500 has gained 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseAug 03, 2020
Microsoft stock surges on hopes for TikTok deal but analyst worries acquisition might overshadow cloud story
Shares of Microsoft Corp. are up 4% in morning trading Monday after the company confirmed it would continue talks about a potential purchase of TikTok's U.S. operations. President Donald Trump threatened to ban the app from the U.S. on national security concerns before reports emerged late last week that Microsoft was interested in possibly buying TikTok's U.S. operations from China's ByteDance. Evercore ISI analyst Kirk Materne wrote that he isn't completely sold on the logic of a deal from the perspective of Microsoft's stock. "Overall, we acknowledge that TikTok could open up a much bigger [total addressable market] for Microsoft in the advertising market, but the consumer market is fickle and we believe that Microsoft needs to make sure that a potential acquisition of TikTok (Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Steve Ballmer: Microsoft is well-equipped to deal with regulatory issues if it buys TikTok - CNBC (Google Business News)
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