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The Italian tax authorities carried out searches at the Amazon Milan office and the residences of seven executives.

12/02/2026

The Italian tax police reportedly searched Amazon's office in Milan, the residences of seven Amazon managers, and the office of PwC. This search is related to a new tax evasion investigation against Amazon. The new direction of the investigation focuses on whether Amazon had undeclared permanent establishments in Italy between 2019-2024, and whether they should have paid more taxes.

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In a landmark case in Los Angeles accusing a social media platform of harming the mental health of minors, Adam Mosseri, head of Instagram under Meta, testified that "problematic use" is not the same as "clinical addiction." META fell 1.1% in early trading on Thursday.

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Alphabet's head of artificial intelligence, Demis Hassabis, said that integrating Brain and DeepMind will likely lead Google to enter a "new golden age" in the next 10 to 15 years, while the company's spin-off Isomorphic Labs is collaborating with major pharmaceutical partners to advance AI-led drug development.

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