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Alphabet Inc shares are suddenly unshackled after a long-awaited antitrust ruling removed a key risk that’s weighed on the stock for months.The decision by a US district court judge on Tuesday enabled Google’s parent to avoid the most punitive measures sought by regulators, including the sale of its Chrome browser. That sent the stock up nearly 11% over the past three days, including Friday’s 0.7% advance. The climb has put it within striking distance of a $3tn market value. With the case now out of the way, investors are turning their attention back to the potential for gains in Alphabet’s stock, which is the cheapest among the Magnificent Seven despite the recent rally.“What it does is it clears the runway for additional growth opportunities,” said Neville Javeri, senior fund manager at Allspring Global Investments, referring to the ruling. He sees an “incredible opportunity” in the stock as the decision “sets them up for a growth opportunity that might have been taken away.”The ruling caps a strong stretch for Alphabet shares that began after its second-quarter earnings showed demand for artificial intelligence products is lifting sales. At the same time, its AI offerings continue to boost investor confidence in Alphabet’s ability to fend off competition from rivals like OpenAI.The stock has gained more than 20% since the July 23 earnings report, vaulting Alphabet into the top third of performers in the Nasdaq 100 Index this year, after months of struggles amid concerns about antitrust risks and fears that AI upstarts could eat away at its Google search business, which accounts for more than half of revenue. As recently as June, Alphabet shares were down more than 10% while the Nasdaq 100 was in positive territory.Though the debate over AI is unlikely to be settled anytime soon, Wall Street is increasingly confident Alphabet can defend its turf. It debuted AI functions that were widely praised earlier this year, and the latest version of its Pixel phones, which come loaded with AI features, were also well received. Sales of handsets from both Alphabet and Samsung Electronics indicate consumers are willing to switch to devices that use Google’s Android operating system.“Given new AI Search features and GOOG’s rapidly scaling Gemini app, we expect Google will maintain its leadership in traditional search,” TD Cowen analyst John Blackledge wrote in a note to clients on Wednesday.With a market capitalisation of $2.83tn, Alphabet is roughly 6% shy of the $3tn mark, a level that’s only been reached by Apple Inc, Microsoft Corp, and Nvidia Corp.Closing that gap may not be much of a stretch. Alphabet trades around 21 times estimated earnings, compared with 26 times for the Nasdaq 100, and its revenues are expected to grow 14% this year, outpacing the benchmark.“The stock still looks attractive, since it has so many high-quality businesses growing at fast rates,” said Liam McGarrity, US investment analyst at Harris Oakmark, which has Alphabet as its largest holding.Despite the improving sentiment, Alphabet’s momentum could be difficult to sustain in the near term. The stock’s 14-day relative strength index jumped above 84, its highest since 2017 and well above 70, the level where technical traders consider a security overbought. The shares are trading slightly above with average analyst price target, suggesting Wall Street doesn’t see much upside from here.Investors “understandably are relieved that near-term risks are dissipated,” but “long-term concerns about competitive risks to search will constrain the multiple,” Rosenblatt Securities analyst Barton Crockett wrote in a note to clients Wednesday, reiterating his neutral rating on the stock.For McGarrity, owning Alphabet comes down to believing in its ability to stay ahead of AI rivals and maintain growth.“When you consider it is cheaper than the market even though it has industry-leading AI and significant potential in businesses like Google Cloud and Waymo, then it seems like it is trading at a significant discount,” he said.

The Investment and Trade Court has signed a cooperation agreement with the World Intellectual Property Organisation (WIPO), aimed at strengthening partnership and exchanging expertise in the field of intellectual property rights protection.The agreement was signed by President of the Investment and Trade Court Judge Khalid bin Ali al-Obaidli and Director of the WIPO Arbitration and Mediation Center Ignacio De Castro Llamas, in the presence of Director of the Intellectual Property Rights Protection Department at Ministry of Commerce and Industry (MoCI) Abdulbasit al-Ajji, along with a number of judges and court officials.The agreement focuses on supporting the development of an advanced judicial environment capable of keeping pace with best international practices, thereby enhancing the court’s role in protecting intellectual property rights and improving the investment climate in the State of Qatar.Al-Obaidli stated that the agreement reflects the Investment and Trade Court’s commitment to engaging with leading international institutions and benefiting from their expertise, which strengthens Qatar’s position as a developed centre for intellectual property protection and the resolution of commercial and investment disputes.Following the signing, the WIPO delegation toured the court’s facilities, where they were briefed on its various departments and the mechanisms it employs to adjudicate commercial and investment cases.They praised the advanced capabilities and infrastructure they observed, which reflect the court’s status as a pioneering judicial institution both locally and internationally.

Algerian boxer Imane Khelif, at the centre of a row at the 2024 Paris Olympics, has turned to sport’s top court to attempt to overturn the introduction of a gender test, the court said Monday.The Court of Arbitration for Sport said in a statement that Khelif was challenging the global boxing federation’s decision “that disallows the athlete’s participation in upcoming World Boxing events without a preliminary genetic test”.Khelif was one of two boxers who sparked a gender eligibility furore at the Paris Games. The other was Taiwanese fighter Lin Yu-ting, who has been entered to compete at the world championships that start this week in Liverpool.Both fighters won Olympic gold medals, but Khelif’s opening bout, when she left her Italian opponent in tears, sparked criticism from a range of commentators including now-US Vice-President J D Vance and “Harry Potter” author JK Rowling.Khelif last month denied claims made by her former manager that she was putting her career on hold. “I would like to make it clear to the public that the reports of my retirement from boxing are false,” the 26-year-old wrote on Facebook.She accused her former manager, Nasser Yesfah, of “betraying (her) trust and (her) country with his false and malicious statements”. “This person no longer represents me in any way,” she said.Former heavyweight Bugner, who fought Ali twice, dies at 75Three-time European heavyweight champion boxer Joe Bugner, who fought Muhammad Ali in a world title bout, has died at the age of 75, the British Boxing Board of Control (BBBoC) said Monday.Bugner, who won the British and Commonwealth heavyweight titles twice, fought Ali and Joe Frazier in back-to-back fights in 1973, and faced Ali again for his WBA and WBC world championships in 1975.“Joe Bugner has passed away at his care home in Brisbane, Australia,” the BBBoC said in a statement. “The British Boxing Board of Control passes on its condolences to Joe’s family.”Bugner’s professional boxing career spanned 32 years and 83 bouts, of which he won 69, including 41 by knockout. He turned professional in 1967, and won the European, British and Commonwealth titles by beating Henry Cooper in 1971.Hungary-born Bugner lost his titles six months later but won eight fights straight in 1972 before facing Ali and Frazier the next year, who both won decisions against him.Ali again beat him by unanimous decision in their rematch for the world championship in Malaysia.Bugner moved to Australia in the 1980s and won the Australian heavyweight title in 1995, before retiring in 1999.

Qatar's Investment and Trade Court has reported a 98% case resolution rate in the 2024-25 judicial year.In a statement Monday, the Court said it handled 11,529 cases between September 2024 and June 30, 2025, including 8,924 first-instance cases, 262 urgent cases, and 2,243 appeals.The statement added that the same period saw the establishment of specialised chambers to handle disputes related to construction and contracting, commercial papers, and insurance companies and the activation of E-litigation.The Investment and Trade Court President, Judge Khalid bin Ali al-Obaidli, hailed the accomplishment during the court's Fourth Assembly, held via video conferencing.He expressed pride in the efforts of the honourable judges and their vital role in advancing the course of justice."Our meeting today provides an opportunity to evaluate what has been accomplished, and to discuss future plans to enhance the Court's performance, while reinforcing the values of justice and efficiency," al-Obaidli said in a statement on the Court's website. "The achievements of the past year were the result of your collective dedication and constructive collaboration."The assembly approved the formation of the first-instance and appellate chambers for the 2025-26 judicial season.According to official statistics, the average case duration across all levels was 19 days. The average duration of cases in First Instance Panels (multi-judge benches) was 47 days, while the average in First Instance—Single Judge Circuits was 22 days.In the appeals chambers, the average case duration was 36 days, and in urgent and interim matters, it was 28 days.The Court was established under Law No 21 of 2021, which represented a qualitative leap in the judicial sector. The Court has significantly contributed to expediting dispute resolution in trade and investment cases, while enhancing the Qatari business environment in line with the country's broader digital transformation initiatives.

Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority by imposing them through an emergency law, but the judges let the levies stay in place while the case proceeds.The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked the law to hit nations across the globe with steep tariffs. But the appellate judges said the lower court should revisit its decision to block the tariffs for everyone, rather than just the parties in the case.“The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax,” the court said.Friday’s 7-4 decision extends the suspense over whether Trump’s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.‘Total Disaster’ “ALL TARIFFS ARE STILL IN EFFECT!” Trump said in a post on Truth Social shortly after the decision was issued.“Today a Highly Partisan Appeals Court incorrectly said that our Tariffs should be removed, but they know the US of America will win in the end,” the president said. “If these Tariffs ever went away, it would be a total disaster for the Country.”Trillions of dollars of global trade are embroiled in the legal fight. A final ruling tossing Trump’s tariffs would upend his much ballyhooed trade deals. The administration also would be forced to contend with demands to refund tariffs that were already paid.In telling the lower court to reconsider how broadly its ruling should apply, the Federal Circuit pointed to the Supreme Court’s recent decision on Trump’s efforts to restrict automatic birthright citizenship. That ruling barred federal judges from issuing so-called universal injunctions that go beyond the parties in a case and apply nationwide.”But the Supreme Court left open the possibility that judges in some cases could use other legal mechanisms to reach the same outcome. Indeed, several judges re-issued nationwide injunctions against Trump’s birthright citizenship restrictions, saying the sweeping orders were still appropriate under the new Supreme Court standard.The two cases at the centre of the ruling were filed by Democratic-led states and a group of small businesses. They have argued all along that a ruling against the tariffs must apply across the nation. That issue may now become a focus of further arguments.The tariff cases challenged Trump’s use of the International Emergency Economic Powers Act to sidestep Congress and issue the tariffs, arguing that he did so to force trading partners to negotiate rather than to address any legitimate national emergency. IEEPA does not mention tariffs and had never been used in such a manner.“Notably, when drafting IEEPA, Congress did not use the term ‘tariff’ or any of its synonyms, like ‘duty’ or ‘tax,’” the court said. “There are numerous statutes that do delegate to the President the power to impose tariffs; in each of these statutes that we have identified, Congress has used clear and precise terms to delegate tariff power.”Tim Brightbill, a trade attorney at Wiley Rein who isn’t involved in the case, said the appeals court had concluded that even if IEEPA had permitted the president tariff powers, “the government exceeded its authority with the breadth and scope of these worldwide tariffs.” Administration officials have prepared options to pursue additional tariffs through other federal authorities, even amid an expected appeal, according to a person familiar.The administration had already turned increasingly to Section 232 of the Trade Expansion Act to pursue levies against categories of goods, from lumber to semiconductors.Other legal options lack the swift, immediate impact of the president’s original manoeuvre under IEEPA, which has fewer hurdles because it’s intended to be used in emergencies.In its May 30 ruling, the Court of International Trade found Trump improperly used IEEPA to impose the tariffs, agreeing that such power is vested in Congress by the Constitution. The Federal Circuit judges similarly signalled scepticism of Trump’s claim of broad tariff authority under IEEPA during July 31 oral arguments.Fearing that the court might rule the tariffs illegal and invalidate them immediately, the administration earlier on Friday filed statements by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Secretary of State Marco Rubio warning of dire foreign policy consequences if the court took such action. Bessent said it would lead to “dangerous diplomatic embarrassment” for the US.