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NewsTranscript
00:00Now, let's break it down what's happening in the U.S. stock market.
00:04I'm going to start with Microsoft with the latest news on OpenAI has told investors
00:08it will share a smaller fraction of revenue with major backer Microsoft
00:12as it moves ahead with its restructuring.
00:15The chat GBT maker has dialed back a significant restructuring plan
00:19with its non-profit parent retaining control in a move that is likely to limit
00:23CEO Sam Altman's power over the firm.
00:26In financial projections shared with investors, OpenAI said the percentage of revenue
00:31shared with Microsoft would drop by at least half by the end of this decade, the report said.
00:37In an existing deal, OpenAI has agreed to share 20% of its revenue with Microsoft
00:43through 2030, the information reported.
00:45And as of this morning, Microsoft is up by 0.01%.
00:49And we're going to move on to NVIDIA.
00:52NVIDIA is also very up by 3.10% as of this morning.
00:57We're going to take a look on also Apple, one of the biggest consumer electronics within the S&P 500 markets,
01:03is also down by 1.14%.
01:06And the U.S. House Judiciary Chair Jim Jordan and Foreign Affairs Chair Brian Moss
01:13warned Britain on Wednesday that its order to Apple to create a backdoor to its encrypted user data
01:19could be exploited by cybercriminals and authoritarian regimes.
01:24Apple, which has said it would never build a so-called backdoor into its encrypted services or devices,
01:30has challenged the order at the UK's Investigatory Powers Tribunal, IPT.
01:35The iPhone maker withdrew its advanced data protection feature for UK users in February following the UK order.
01:42Users of Apple's iPhones, Macs and other devices can enable the feature
01:47to ensure that only they and not even Apple can unlock data store on its cloud.
01:55All right, for Google, it's also down.
01:58We can see a red color, red C within Google is down by 7.51%.
02:03And the recent update on Apple's plans to add AI-powered search options to its Safari browser
02:09are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search engine.
02:18The new slam shares of Google Parent Alphabet, which closed down 7.3%,
02:22whipping off roughly $150 billion from its market value.
02:26The iPhone maker was actively looking at reshaping Safari, a source familiar with the matter told Reuters,
02:33citing Apple executive Eddie Q, who was offering testimony at an antitrust case on Wednesday
02:39over Google's dominance in online search.
02:41Q said searches on Safari fell for the first time last month due to users increasingly turning to AI.
02:47According to the source, Apple stock closed down 1.1%.
02:51And for the last story we have for Tesla, as of this morning is we can see a Tesla up by 0.32%
02:58on the update about Tesla sales volume in Germany, nearly half.
03:02In April, German road traffic agency KBA said on Tuesday, even as sales of battery electric vehicles rose overall,
03:11KBA said Tesla sold 885 cars in Germany in April, down 45.9% from a year earlier.
03:21The number of Tesla sold between January and April 2025 dropped 60.4% to 5,820 units,
03:28compared with the same period last year.
03:30And that is the update within the S&P 500 US market.
03:33And please stay tuned with us as my colleague Ibrahim Sani will be taking over right after this break.