Table of Contents

• Alphabet

• Trump Memecoin

Top Stories Today

Alphabet

Alphabet shares rose 1.7% Friday after the company reported better-than-expected earnings, driven by robust search and ad revenue growth despite competitive pressures in AI and global trade concerns. Revenue increased 12% year-over-year to $90.23 billion, beating forecasts, while net income surged 46% to $34.54 billion. Adjusted earnings excluding investment gains also topped analyst projections. While Alphabet acknowledged tariffs could present slight challenges, particularly in Asia, its search and advertising businesses remained resilient. Wall Street analysts noted accelerating AI product developments and strong adoption of Google's AI Overviews tool, easing some investor concerns about competition in the AI space.

Trump Memecoin

President Donald Trump and his allies have earned nearly $900,000 in trading fees from the $TRUMP cryptocurrency over the past two days, following an announcement offering a dinner with the president to the top 220 token holders. The memecoin, which surged over 50% after the news, now boasts a $2.7 billion market cap. Critics, including Democratic senators, have called for an ethics investigation, claiming the promotion amounts to “pay to play” corruption. About 80% of the $TRUMP token supply is controlled by Trump-affiliated entities. Despite regulatory concerns, Trump’s pivot to supporting crypto has generated substantial new revenue streams for him and his circle.

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