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NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallink Grupp AS
(TAL1T), sulgemishind 0.63, muutus 0 % ; Tallinna Kaubamaja Grupp AS
(TKM1T), sulgemishind 8.12, muutus 0.74 % ja Tallinna Sadam AS (TSM1T), ,
sulgemishind 1.71muutus 0.29 %. Põhinimekirja käive ulatus 460000 euroni,
mis on ligikaudu 27 % suurem kui keskmiselt. Tõusjaid oli 9 , langejaid 1
ja muutuseta püsis 6 aktsiat. ADVol 0.89 - Bearish . Tegemist on
automaatselt koostatud raportiga.

News Alert

Futures slip 1% as debate prompts election outcome uncertainty

- If investors were hoping to get any economic clarity from last night's
presidential debate, it was a total fail.
- Bickering, badgering and insults reigned through much of the hour and
a half political brawl that made it hard for either man to make a point,
while odds increased that the coming election may not be decided for
weeks
or even months.
- Wall Street does not like uncertainty... S&P 500 futures fell 1%
overnight
as investors braced for heightened volatility in November and December.
- On the stimulus front, Treasury Secretary Steven Mnuchin and House
Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected
to
talk again today despite skepticism on Capitol Hill that a deal is
possible
at this stage.





|Today, 5:38 AM|8 Comments

News Alert

XLE
U.S. crude plunges 5% with demand worries growing alongside COVID cases

- The energy sector (XLE-3.4%) returns to the bottom of the S&P sector
standings as crude oil prices come under pressure, with November WTI (
CL1:COM)-5.1% to $38.53/bbl and plunging below its 200-day moving
average $39.62/bbl.
- There's no obvious catalyst behind today's sharp move, but persistent
demand concerns stemming from the pandemic are outweighing hopes for a
new U.S. stimulus package.
- "The evolving COVID landscape is a massive downside risk for crude
prices," says OANDA's Craig Erlam.
- In a clear sign of weak demand in Japan, the world's fourth biggest
crude buyer, official data showed the country's August oil imports fell
more than 25% Y/Y.
- Four of today's five biggest losers on the S&P 500 are in the oil and
gas sector: APA-7.3%, DVN-7.2%, NOV-6.5%, EOG-6.1%.
- Also: XOM-3.5%, CVX-3.3%, COG-3.…

News Alert

Stocks drift after string of wins, debate on tap

- The market is lacking direction, but that's understandable coming off
yesterday's broad-based rally and with the first presidential debate
coming
this evening.
- The S&P is off 0.1%, the Nasdaq is down 0.1% and the Dow is down 0.2%.
- After a September of money coming out of big-hitting tech stocks, the
market has pulled together a string wins recently to limit the damage.
The
Nasdaq 100 (NASDAQ:QQQ) was down 12.7% from its Sept. 2 closing high
last Wednesday. After Monday's close it's down 8.4%.
- Investors may also want to keep some powder dry to see any upshot from
tonight's debate, expected to draw as many as 80M viewers.
- Communications Services (NYSEARCA:XLC) was active premarket after Wall
Street analysts weighed in on Netflix with caution about Q3 subscriber
numbers, and Facebook and Alphabet on bullishness about digital ads.
- Yesterday's…

NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallink Grupp AS
(TAL1T), sulgemishind 0.63, muutus -0.95 % ; Tallinna Kaubamaja Grupp AS (
TKM1T ) , muutus -0.74 % ja LHV Group AS ( LHV1T ), muutus 0 %.
Põhinimekirja käive ulatus 330000 euroni, mis on ligikaudu -10 % väiksem
kui keskmiselt. Tõusjaid oli 1 , langejaid 8 ja muutuseta püsis 7 aktsiat.
ADVol 0.08 - Bearish . Tegemist on automaatselt koostatud raportiga.

News Alert

Cyclicals take charge in broad market rally

- The market's gains lasted to the finish line, with cyclical stocks
leading the way.
- The S&P closed up 1.6%, the Nasdaq ended up 1.9% and the Dow was up
1.5%.
- All 11 S&P sectors closed in the green.
- Energy (NYSEARCA:XLE) was the best performer, rebounding from last
week's slump, with Devon Energy topping the S&P following its deal for
WPX.
- Financials (NYSEARCA:XLF) were also strong, with the SPDR S&P Bank ETF
(NYSEARCA:KBE) gaining 3.5%. Oppenheimer said the selling in big banks
had
been overdone.
- Technology (NYSEARCA:XLK) gained nearly 2%, closing back above its
50-day simple moving average.
- Amazon led the Fab 5 megacaps, which were all higher.
- Defensive sectors were the weakest, with Utilities (NYSEARCA:XLU)
posting the most modest gains.





|Yesterday, 4:03 PM|33 Comments

News Alert

Cyclicals take charge in broad market rally

- The market's gains lasted to the finish line, with cyclical stocks
leading the way.
- The S&P closed up 1.6%, the Nasdaq ended up 1.9% and the Dow was up
1.5%.
- All 11 S&P sectors closed in the green.
- Energy (NYSEARCA:XLE) was the best performer, rebounding from last
week's slump, with Devon Energy topping the S&P following its deal for
WPX.
- Financials (NYSEARCA:XLF) were also strong, with the SPDR S&P Bank ETF
(NYSEARCA:KBE) gaining 3.5%. Oppenheimer said the selling in big banks
had
been overdone.
- Technology (NYSEARCA:XLK) gained nearly 2%, closing back above its
50-day simple moving average.
- Amazon led the Fab 5 megacaps, which were all higher.
- Defensive sectors were the weakest, with Utilities (NYSEARCA:XLU)
posting the most modest gains.





|Today, 4:03 PM|30 Comments

News Alert

Market holds gains with financials in the lead

- Banks are taking up some of the slack as gains in megacaps and techs
ebb, with the broader market still solidly higher.
- The S&P is up 1.4% and the Nasdaq is gaining 1.1%. The Dow is up 1.7%,
helped by a 6% surge in Boeing.
- All 11 S&P sectors are still higher, but some of the leadership has
changed.
- The Financials (NYSEARCA:XLF) are in the top spot, with the S&P Bank
Index (NYSEARCA:KBE) up 4%. Citi and BofA are up more than 3%.
Oppenheimer said today the big banks are oversold.
- Energy (NYSEARCA:XLE) is still strong, while Communications Services
(NYSEARCA:XLC) and Health Care (NYSEARCA:XLV) are bringing up the rear.
- The Fab 5 megacaps are paring gains, with only Amazon up more than 1%.
Baird says Amazon is still at attractive levels to buy.
- In commodities, spot gold and crude futures are both modestly higher.





|Today, 12:15 PM|3 Comments

News Alert

Megacaps and M&A push major averages higher

- Stocks are rallying, led by a rebound in the megacap stocks and an
enthusiasm for deals.
- The S&P is up 1.5%, the Nasdaq is rising 1.5% and the Dow is up 1.5%.
- Apple is up 1.9% following its first positive week for September.
Shares are moving further above the 50-day SMA, which it had slipped
below
last week.
- Amazon is also gaining as it confirmed its Prime Day would be held
Oct. 13-14. Baird says this morning that Amazon shares are still at
attractive buying levels.
- Energy (NYSEARCA:XLE) is bouncing back after posting a loss of more
than 10% last week. A Devon Energy deal and an upgrade of Chevron are
helping sentiment in the beaten-down sector.
- Defensive sectors like Utilities (NYSEARCA:XLU) and Consumer Staples
(NYSEARCA:XLP) are lagging. But all 11 sectors are in the green.





|Today, 9:34 AM|1 Comment

NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallink Grupp AS
(TAL1T), sulgemishind 0.63, muutus 0 % ; Tallinna Sadam AS ( TSM1T ) ,
muutus 0 % ja Merko Ehitus AS ( MRK1T ), muutus 1.42 %. Põhinimekirja käive
ulatus 340000 euroni, mis on ligikaudu -7 % väiksem kui keskmiselt.
Tõusjaid oli 10 , langejaid 3 ja muutuseta püsis 3 aktsiat. ADVol 0.91 -
Bearish . Tegemist on automaatselt koostatud raportiga.

News Alert

UBER
Uber +6% after winning legal battle in London

- Uber (NYSE:UBER) won its legal fight in London to keep its license
after a judge ruled in its favor today.
- The company introduced a new system in April to verify drivers'
identities through a mix of facial recognition and human reviewers in an
effort to allay concerns of the city's transport regulator.
- London is Uber's largest market in Europe by far, but the company is
seeing new competitors like India's Ola and Estonia's Bolt make a mark.
- Shares of Uber are up 5.89% in premarket trading to $36.49.
- Uber trades comfortably above its 50-day, 100-day and 200-day moving
averages.





|Today, 5:42 AM

News Alert

BDNCE
TikTok survives in current form after judge's ruling

- Judge Carl Nichols of the U.S. District Court for the District of
Columbia halted the ban of TikTok that was set to go into effect tonight
at midnight. The ban would have covered new downloads of the app in the
U.S.
- Attorneys for TikTok made the case that the ban infringed on free
speech and due process rights.
- The plan for Oracle and Walmart to become minority investors in a new
TikTok Global (BDNCE) is still up in the air.





|Yesterday, 8:48 PM|41 Comments

News Alert

BDNCE
TikTok survives in current form after judge's ruling

- Judge Carl Nichols of the U.S. District Court for the District of
Columbia halted the ban of TikTok that was set to go into effect tonight
at midnight. The ban would have covered new downloads of the app in the
U.S.
- Attorneys for TikTok made the case that the ban infringed on free
speech and due process rights.
- The plan for Oracle and Walmart to become minority investors in a new
TikTok Global (BDNCE) is still up in the air.





|Today, 8:48 PM|3 Comments

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallinna Sadam AS
(TSM1T), sulgemishind 1.71, muutus -0.87 % ; Tallinna Kaubamaja Grupp AS (
TKM1T ) , muutus 0 % ja Tallink Grupp AS ( TAL1T ), muutus -0.31 %.
Põhinimekirja käive ulatus 340000 euroni, mis on ligikaudu -10 % väiksem
kui keskmiselt. Tõusjaid oli 2 , langejaid 5 ja muutuseta püsis 9 aktsiat.
ADVol 0.11 - Bearish . Tegemist on automaatselt koostatud raportiga.

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

Are SPACs the next big opportunity, or the money of sheeples soon to be
sheared?

- Since 2015, the 89 SPACs that have completed mergers have an average
loss of 18.8% (and a median loss of 36.1%).
- During the same period, IPOs have gained 37.2%.
- But Bill Ackman's SPAC, Tontine, may shed light on the way forward. He
got rid of the so-called founder shares that typically give their
sponsors
20% of the new company, pretty much for free. He also changed the terms
of
the warrants investors receive, and is investing $1B of Pershing Square's
capital to help complete a merger. Both of these should make a costly
PIPE
("private investment in public equity") unnecessary.
- The danger? "There is a lot of money going into SPACs, all of which
have a limited amount of time to find good targets," one source says.
"The
question is, what is the inventory of good targets? If that inventory is
limited, then we …

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Yesterday, 5:16 PM|52 Comments

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Yesterday, 5:16 PM|49 Comments

NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallinna Sadam AS
(TSM1T), sulgemishind 1.71, muutus -0.87 % ; Tallinna Kaubamaja Grupp AS (
TKM1T ) , muutus 0 % ja Tallink Grupp AS ( TAL1T ), muutus -0.31 %.
Põhinimekirja käive ulatus 340000 euroni, mis on ligikaudu -10 % väiksem
kui keskmiselt. Tõusjaid oli 2 , langejaid 5 ja muutuseta püsis 9 aktsiat.
ADVol 0.11 - Bearish . Tegemist on automaatselt koostatud raportiga.

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Yesterday, 5:16 PM|46 Comments

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Yesterday, 5:16 PM|44 Comments

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Today, 5:16 PM|31 Comments

News Alert

AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan

- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.





|Today, 5:16 PM|13 Comments

News Alert

AAPL
EU appeals Apple tax ruling to European Court of Justice

- The European Commission is taking its case against Apple (NASDAQ:AAPL)
to the highest court in Europe, appealing an EU general court decision
from
July that ruled in favor of Ireland and the tech giant.
- Seeking to crack down on "sweetheart tax deals," the Commission
sparked the case by ordering Apple to pay $14.4B in back taxes (that have
been held in escrow while appeals process plays out).
- The EC now intends to argue that the court set the bar for requisite
standards "unreasonably high," a precedent that will be specifically
watched given the EU's drive to create new tax laws governing major
technology companies.
- "The General Court categorically annulled the Commission's case in
July and the facts have not changed since then. This case has never been
about how much tax we pay, rather where we are required to pay it," an

News Alert

AAPL
EU appeals Apple tax ruling to European Court of Justice

- The European Commission is taking its case against Apple (NASDAQ:AAPL)
to the highest court in Europe, appealing an EU general court decision
from
July that ruled in favor of Ireland and the tech giant.
- Seeking to crack down on "sweetheart tax deals," the Commission
sparked the case by ordering Apple to pay $14.4B in back taxes (that have
been held in escrow while appeals process plays out).
- The EC now intends to argue that the court set the bar for requisite
standards "unreasonably high," a precedent that will be specifically
watched given the EU's drive to create new tax laws governing major
technology companies.
- "The General Court categorically annulled the Commission's case in
July and the facts have not changed since then. This case has never been
about how much tax we pay, rather where we are required to pay it," an

NASDAQ OMX Tallinn börsipäeva kokkuvõte

Tallinna Börsi põhinimekirjas olid enimkaubeldud aktsiad Tallinna Sadam AS
(TSM1T), sulgemishind 1.71, muutus -0.87 % ; Tallinna Kaubamaja Grupp AS (
TKM1T ) , muutus 0 % ja Tallink Grupp AS ( TAL1T ), muutus -0.31 %.
Põhinimekirja käive ulatus 340000 euroni, mis on ligikaudu -10 % väiksem
kui keskmiselt. Tõusjaid oli 2 , langejaid 5 ja muutuseta püsis 9 aktsiat.
ADVol 0.11 - Bearish . Tegemist on automaatselt koostatud raportiga.

News Alert

Futures hold steady before last session of rollercoaster week

- Closing higher yesterday after a wobbly session, U.S. stock futures
largely hugged the flatline overnight, though the S&P 500 is still on
course for a fourth consecutive week of losses.
- The economic calendar is light today with only durable goods due to be
published at 8:30 a.m. ET, on the back of weak jobless claims data seen
Thursday.
- Most of the market focus appears to be on breakthroughs in stimulus
talks after Treasury Secretary Steven Mnuchin and House Speaker Nancy
Pelosi restarted discussions. Many worry a lack of fresh coronavirus aid
could derail an economic recovery.
- COVID-19 cases are meanwhile growing across the U.S., with infections
rising
in 22 states over the past week. The U.S. is now averaging roughly
43,000 new cases per day, a 16% increase from a week ago (testing is up
by
almost 22% over the same period).





|Today, 5:45 AM

News Alert

DIS
Pac-12 is back: Shortened college football season returning Nov. 6

- The Pac-12 Conference has reversed course and will play an abbreviated
fall football season - joining its fellow holdout the Big Ten in
changing its mind and playing after canceling fall seasons last month.
- That means they'll join the SEC, ACC and Big 12, with all five Power 5
conferences playing football this fall. The vote was unanimous.
- Like the Big Ten, the Pac-12 has designed a season with the sport's
championship playoff in mind: It will play a seven-game, conference-only
schedule to begin Nov. 6 and wrap up with a conference championship
Friday,
Dec. 18. That's just before the College Football Playoff committee
determines the four playoff participants, on Dec. 20.
- The conference says that updated information from its Medical Advisory
Committee played a key role in reversing its decision. The games will
play
with no fans in attendance…

News Alert

DIS
Pac-12 is back: Shortened college football season returning Nov. 6

- The Pac-12 Conference has reversed course and will play an abbreviated
fall football season - joining its fellow holdout the Big Ten in
changing its mind and playing after canceling fall seasons last month.
- That means they'll join the SEC, ACC and Big 12, with all five Power 5
conferences playing football this fall. The vote was unanimous.
- Like the Big Ten, the Pac-12 has designed a season with the sport's
championship playoff in mind: It will play a seven-game, conference-only
schedule to begin Nov. 6 and wrap up with a conference championship
Friday,
Dec. 18. That's just before the College Football Playoff committee
determines the four playoff participants, on Dec. 20.
- The conference says that updated information from its Medical Advisory
Committee played a key role in reversing its decision. The games will
play
with no fans in attendance…

News Alert

GOOG
Senate committee set to subpoena CEOs of Google, Facebook, Twitter over
Section 230

- The Senate Commerce Committee will subpoena the CEOs of Google (GOOG
+1.5%, GOOGL+1.5%), Facebook (FB+0.9%) and Twitter (TWTR-3.5%) to
testify at an Oct. 1 hearing about Section 230 - the protection from
liability the tech industry enjoys over content on its platforms.
- The committee has issued invitations to the executives (Sundar Pichai,
Mark Zuckerberg and Jack Dorsey) but, failing a response by tonight, it
will issue subpoenas.
- That deadline could be objected to by the committee's ranking minority
member, Sen. Maria Cantwell.
- Politico reports that it's not clear when the invitations were sent to
CEOs but it was indicated they went out before a Monday staff meeting -
suggesting the leaders haven't issued a speedy acceptance.
- The Trump administration has suggested that the liability protections
need to be revisited, ove…