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Microsoft's $450 Billion Jump Is Biggest In Stock Market History

4 weeks ago
Microsoft shares surged as much as 17% after reporting 43% growth in Azure revenue, putting the company on track to add a record $490 billion in market value in a single day. Bloomberg notes that it "would eclipse Nvidia's $440 billion addition, following President Donald Trump's announcement of a 90-day tariff pause last year, as the biggest ever." From the report: The nearly $500 billion jump is larger than the market capitalization of roughly 96% of S&P 500 stocks, data compiled by Bloomberg show. It's also bigger than the combined value of the benchmark's 44 smallest members, which includes companies like Domino's Pizza Inc., Clorox Co. and Hasbro Inc. Microsoft's one-day add in value also dwarfs many of the world's other equity markets. South Africa, Turkey, Finland and Vietnam all have total stock market values that are less than what the software maker is set to add on Thursday.

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ABC Accuses FCC of 'Attempted Censorship'

4 weeks ago
ABC accused FCC Chair Brendan Carr of "attempted censorship," arguing that an early review of its eight broadcast licenses is politically motivated retaliation over the network's coverage and could chill the entire media industry. "The retaliation against ABC is a signal to every media company in the country: accommodate the Administration's view of what news coverage should look like or pay the price," the Disney-owned television network wrote. Politico reports: "Across the government, regulatory and contracting carrots and sticks have been trained on other disfavored speakers," ABC's lawyers added in the 119-page filing. "The tools vary; the objective does not: a media industry too fearful of official reprisal to report the news freely." Carr has repeatedly rejected accusations of censorship while defending his efforts to rein in what he calls abusive, politically motivated behavior by licensed TV broadcasters. "I don't view the FCC as the speech police," he told POLITICO this week for an upcoming episode of the podcast "The Conversation." In its filing, ABC pointed to an outpouring of support it has received in more than 152,000 comments in the agency's license review, as well as recent warnings from conservative Supreme Court Justice Neil Gorsuch, Sen. Ted Cruz (R-Texas) and various pro-free-market organizations about the dangers of a politically motivated FCC. Those include letters from a bipartisan group of former FCC leaders, community and advocacy groups and lawmakers of both parties. "The Commission's attempted censorship of ABC has attracted condemnation across the political aisle," the network wrote.

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