2025-08-01
13 分钟Microsoft becomes the world's second $4 trillion company.
Plus, Figma makes a splashy stock market debut, adding momentum to the U.S. IPO market.
And ahead of tomorrow's trade deal deadline,
a court weighs whether President Trump can use emergency powers to set tariffs.
There's not going to be any immediate effect on whatever the president does tomorrow.
He can continue to alter his tariff policy as he wishes for now.
But the government is on notice, as we all are,
that this court and a higher court may at some point say,
actually, all that stuff you did was not lawful.
It's Thursday, July 31st.
I'm Alex Osola for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Microsoft has become the world's second $4 trillion company.
The company crossed the market capitalization milestone this morning as investors reacted to yesterday's fourth quarter earnings report.
I'm joined by Sebastian Herrera, who covers technology for The Wall Street Journal.
Sebastian, what has driven Microsoft to this $4 trillion mark?
Well, this $4 trillion mark came shortly after Microsoft reported blowout earnings.
They reported really great numbers for their cloud computing.
Azure basically showing that a lot of companies are spending on cloud computing and primarily for artificial intelligence.