Google (GOOGL) Sues LATAM Airlines Over Free Speech in U.S. Court
On Thursday, tech giant Google (GOOGL) filed a lawsuit in U.S. federal court against Chile-based LATAM Airlines (LTM) in order to block Brazilian courts from forcing it to take down a YouTube video in the U.S. The video, which was posted by Florida resident Raymond Moreira, accuses a LATAM employee of sexually abusing his 6-year-old son during an unaccompanied minor flight. Google argues that LATAM is trying to get around U.S. free speech protections by suing in Brazil to force the video's global removal.
Confident Investing Starts Here:
In its lawsuit, filed in San Jose, California, Google said it supports the idea that courts should only control content in their own country, not worldwide. LATAM, which sued Google in Brazil back in 2018 to remove the video, told Reuters that it had not yet received official notice about Google's new U.S. case. Nevertheless, a Brazilian appeals court is set to decide next week whether it can order the video to be taken down globally. This situation is similar to a recent U.S. ruling where platforms like Trump Media (DJT) and Rumble (RUM) were not forced to follow a Brazilian order to remove U.S.-based accounts.
Interestingly, it is worth noting that the video is tied to a larger legal battle. Indeed, Moreira had already sued LATAM in Florida in 2020 over the alleged abuse and reached a confidential settlement. Now, Google is pushing back against LATAM's attempt to take down the video worldwide by saying that this would violate U.S. constitutional protections. Google spokesperson Jose Castaneda emphasized that courts should not control what content is available in other countries.
Is Google Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 29 Buys and nine Holds assigned in the past three months. Furthermore, the average GOOGL price target of $199.11 per share implies 13.5% upside potential from current levels.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Saks Global says it's back on track with vendors, won't close stores
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Saks Global has mostly smoothed things over with vendors and has no plans to close stores, CEO Marc Metrick told BMO Capital Markets analysts at a recent meeting, according to a Friday client note. The analysts led by Managing Director Simeon Siegel said this suggests 'they are already in the best locations and like their existing fleet.' That includes 33 Saks Fifth Avenue stores, 86 off-price Saks Off 5th stores, 36 Neiman Marcus stores, five off-price Neiman Marcus Last Call stores and Bergdorf Goodman's Manhattan flagship. The luxury department store conglomerate didn't immediately respond to an email asking whether this means the downtown Neiman Marcus store in Dallas will remain open beyond 2025 after all. Earlier this year, after announcing that iconic store would close March 31, the company waged a weeks-long battle with city leaders who worked to save it. Ultimately Saks Global agreed to keep the store running through the holidays. The breakdown in relationships with suppliers stemmed from chronic issues with late payments. An unconventional payment plan devised earlier this year signaled to some analysts that the company was struggling to meet its obligations. Metrick told BMO that most vendors agreed to the terms and that Saks Global 'is making progress on outstanding balances.' The company in recent days picked up $350 million in financing commitments that analysts have said likely rescued its ability to stock up for the holiday. Speaking with BMO, Saks executives 'expressed confidence in their liquidity,' on the way to realizing its five-year goal of $600 million in synergies, with $285 million in run-rate synergies by the end of this fiscal year. That five-year target is about $100 million higher than the original target, and the 2025 run-rate is nearly doubled, per BMO. 'While acknowledging macro volatility, Metrick expressed clear excitement and confidence in his long-term business opportunities, the luxury business at large, and expressed confidence in their liquidity and vendor relationships,' Siegel said in the Friday note. Luxury brands may be less optimistic about Saks, however, according to a report from HSBC Global Research analysts led by Erwan Rambourg. New York City-based luxury brand managers have just two major concerns, they found: 'how the well-publicised financial travails of Saks Global will end and the end game for tariffs.' 'The outlook otherwise seems solid,' Rambourg said in emailed comments Thursday. Saks Global appears to be banking on a healthy recovery for luxury consumers — who by Saks' own measure seemed quite agitated earlier in the year — as well as on the strength of the luxury market longer term. BMO cited more up-to-date research from Saks, which found that a third of its customers making $200,000 or more are less confident about the economy in general but more confident about their own situation. These consumers are concerned about the social/political climate above all, then a recession and stock market volatility, per that report. At least for the moment, the stock market is leaning their way, and therefore in Saks Global's favor. In May and June, U.S. equity markets have broadly recouped earlier losses, according to HSBC. 'Of course there are other topics dominating headlines in the US at present, but it seems that luxury consumers are driven more by short-term measures of wealth, such as the value of their 401k pension plans,' Rambourg said. Tariffs and higher prices are not top worries for Saks' customers, per its research. BMO analysts estimate that about 80% of its goods come from Europe, and Saks Global told them that high-single digit percentage price hikes, which they characterized as 'normal,' would mostly offset increased import levies. Recommended Reading Beyond to acquire Kirkland's IP for $5M — and plans to license it back Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Nuclear Air Filtration for HVAC Managers: Why the Nuclear Comeback Demands Next-Gen Filtration Standards
The Big Reveal: What HVAC Managers Must Know About High-Performance Filtration. Camfil Nuclear air filters are used for containment control during dismantling or maintenance work at a nuclear sites. Nuclear Energy is Making a Comeback in the U.S. Why Advanced Air Filtration is More Vital Than Ever Riverdale, NJ, June 14, 2025 (GLOBE NEWSWIRE) -- Learn how Camfil supports safe nuclear energy expansion in the U.S. with cutting-edge containment solutions. With nuclear energy making a significant comeback in the United States as a reliable and carbon-free power source, advanced air filtration systems are playing a pivotal role in ensuring safety and operational integrity. Camfil, a global leader in clean air solutions, emphasizes the essential role of containment and air filtration technology in supporting the safe expansion of nuclear power with an extensive new guide. The U.S. government's goal to triple nuclear energy capacity by 2050 and the 20% increase in planned nuclear reactor projects reported in 2023 signal a pivotal shift towards sustainable energy solutions. Large technology companies such as Amazon, Google, and Meta are also investing in nuclear power to meet their ambitious clean energy goals, highlighting its importance as part of the renewable energy ecosystem. However, the expansion of nuclear energy production demands a renewed focus on maintaining safety standards. Modern nuclear facilities must integrate robust safety measures to mitigate airborne hazards and prevent the release of radioactive contaminants. Advanced filtration systems are essential for managing these risks, ensuring that nuclear energy remains a viable and sustainable solution for addressing the challenges of global energy demand. "Containment of airborne contaminants and air filtration play a critical role in ensuring the safety and operational integrity of nuclear power plants," said Paul Charbonneau, Nuclear Air Filtration Systems Segment Manager at Camfil, "As the nuclear industry experiences a renaissance, advanced containment and filtration systems serve as a key enabler, reinforcing the viability of nuclear energy as a sustainable and secure power source. Camfil remains dedicated to driving innovation in containment and air filtration technology, continuously developing solutions that meet the highest safety and performance standards." The guide details Camfil's proven track record in pioneering nuclear air filtration, dating back to 1963. The company's innovative containment solutions, such as the CamContain series, are specifically engineered for high-risk environments such as nuclear facilities. Featuring HEPA filters designed to capture 99.97% of particles as small as 0.3 microns, gas-tight stainless-steel construction, and advanced mechanisms such as bag-in/bag-out (BIBO) systems for safe filter replacement, these cutting-edge solutions ensure optimal safety and efficiency. Regulatory bodies, including the U.S. Nuclear Regulatory Commission (NRC), continue to mandate stringent standards for air filtration and containment systems to protect workers, local communities, and the environment. Camfil's technologies are designed to meet and exceed these requirements, providing nuclear facilities with reliable, state-of-the-art solutions for airborne hazard management. As the U.S. harnesses the potential of nuclear power to achieve both energy security and sustainability goals, Camfil's air filtration solutions remain at the forefront of maintaining safety and reinforcing public confidence in this vital energy source. Learn more by accessing the full guide: About Camfil Camfil Nuclear Air Filtration & HVAC The Camfil Group is headquartered in Stockholm, Sweden, and has 29 manufacturing sites, six R&D centers, local sales offices in 35+ countries, and 5,700 employees and growing. We proudly serve and support customers in a wide variety of industries and communities across the world. To discover how Camfil USA can help you to protect people, processes, and the environment, visit us at Contact Information Lynne Laake Camfil USA Air Filters Phone: 888-599-6620 Email: Attachment Nuclear Energy is Making a Comeback in the U.S. Why Advanced Air Filtration is More Vital Than Ever
Wall Street Journal
2 hours ago
- Wall Street Journal
These Charts Show Why Wall Street's Gloom Over Deals Is Overblown
Wall Street bankers who were bemoaning a slowdown in deals are finding themselves now looking at a reasonably solid year. Maybe. The mood in M&A circles has been lukewarm under President Trump despite a number of megadeals this year, including Google's $32 billion agreement to purchase the cybersecurity startup Wiz and Charter Communications's $22 billion deal for Cox Communications. The damped enthusiasm is partly a result of dashed hopes: Many bankers had believed the Trump administration would usher in a surge in mergers and acquisitions after a relative lull in the past few years.
