The technology industry is working to save clean-energy subsidies in the tax-and-spending bill making its way through congress, Amrith Ramkumar and Jennifer Hiller of The Wall Street Journal reports. The Data Center Coalition, which includes Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), and Meta (META), recently made its pitch in a letter to Senate Majority Leader John Thune, according to a copy of the letter reviewed by the Journal. The group asked him to preserve tax credits and loan funding that was planned to be phased out in the version of the bill passed by the House of Representatives.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft Stock (MSFT) Shrugs Off Macro Blues and Returns to Record Highs
- Nintendo Stock (NTDOF) Receives a Bullish Price Target Following the Switch 2 Launch
- M&A News: IONQ Powers Higher After Sealing $1B Oxford Ionics Deal
- Microsoft-Backed OpenAI (MSFT) Has Reached $10B in Annual Recurring Revenue
- AMD Stock Jumps on New Ryzen Xbox Gaming Chips